"Innovative Market Solutions to Help Businesses Make Informed Decisions"
Fluid loss additives, also widely recognized as filtrate reduction agents, are chemical additives employed to regulate fluids that move through a porous zone created in the trenching and well-operating systems. The water absorption of slurries significantly influences the nature of its design. As such, slurries which undergo water depletion can also be prone to deterioration. Fluid loss can be triggered by the removal of water from the slurry, especially when the pumping has halted and the slurry is not set yet. Loss of fluids leads to significant alterations in, viscosity, set time, displacement of mud and low compressive force. In addition, the loss of fluids during oil extraction contributes to monetary loss.
Environmental regulations promote the preventative measures for the damage of water body, with the implementation of environmentally friendly fluid loss control additives for drilling operations in water-based muds is one of the key factors that drive the market. However, growing demand of electric vehicles restricts crude oil consumption and hence serve as a restraint for the market. Thus electric vehicle may hamper the demand for fluid loss additives as it does not require crude oil based fuels thus restraining the market.
Key Market Driver -
Environmental safety concerns contributing to the increase in demand from the oil & gas drilling industry drives the market.
Key Market Restraint -
Raising trend for electric vehicles is restraining the market
Based on type, the market for fluid loss additives is further segmented into synthetically modified natural additives, synthetic additives, natural additives. Based on application, the market for fluid loss additives is further segmented into drilling fluids, cement slurries, fracturing fluids, and completion fluids. From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The global fluid loss additives market is fairly cosolidated, with global & regional players operating. Some of the key players in the fluid loss additives market includes Halliburton, Newpark Resources Inc, Schlumberger Limited, Solvay, Clariant, BASF SE, Global Drilling Fluids and Chemicals Limited, Nouryon, SEPCOR, INC., Tytan Organics, and Audin Group
In terms of Geography, the fluid loss additives market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In terms of both consumption and output the North America dominates the fluid loss additives market market. Owing to the combination of influential market players in the region, production for fluid loss additives in the region is growing at a rapid pace, and increased oil drilling and very well-intervention solutions such as slickline, pumping, wirelineor coiled piping. The Asia-Pacific market for fluid loss additives is predicted to witness steady growth rapid industrialization in the region, which has contributed to the expansion of the oil & gas industry. Europe was the regional market leader with an economy driven by the presence of well-established oil & gas companies which contributed to the increase in drilling operations. The growth of the Middle East & Africa market for fluid loss additives is due to the high output of petroleum derivatives in the GCC countries and to the availability of large oil reserves in the area. Latin America is seeing fairly slow growth as a result of the small number of producers slowing down the demand growth.
To gain extensive insights into the market, Request for Customization
“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”- U.S.-based biotechnology company focussing on treatment of chronic pain.
“Kudos to your team. Thank you very much for your support and agility to answer our questions.”- Europe-based provider of solutions to automate data centre operations.
“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”- India-based manufacturer of industrial and specialty intermediates with a strong global presence.
“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”- One of the largest cosmetics company in the world.
“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”- U.S. based startup operating in the cultivated meat market.
“We received the below report on the U.S. market from you. We were very satisfied with the report.”- Global hearing aids manufacturer.
“I just finished my first pass-through of the report. Great work! Thank you!”- U.S. based solar racking solutions provider.
“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”- World’s leading advisory firm.
“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”- Germany based machine construction company.
“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”- Japanese manufacturing company of stationery products.
“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”- One of the Leading Food Companies in Germany
“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”- Intuitive Surgical
“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”- Major Food Company in Japan
“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”- Ziering Medical
“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”- Major Manufacturer of Precision Machine Parts in India
“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”- Hewlett-Packard
“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”- Global Management Consulting Firm
“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”- UK-based Start-up in the Medical Devices Sector
“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”- One of the Largest Companies in the Defence Industry