Aug 21, 2020   SOURCE: BusinessWire

Insights on the Worldwide Fluid Loss Additive Industry to 2025 - Featuring BASF, Clariant & Halliburton Among Others - ResearchAndMarkets.com

The "Fluid Loss Additive Market - Growth, Trends, and Forecast (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.

The market for fluid loss additive is expected to grow at a CAGR of over 3% globally during the forecast period.

The major factors driving the market studied is the increase in the production and exploration of shale gas and increasing investments in the latest and unconventional drilling technologies. On the flip side, the growing demand for electrical vehicles and harmful impact on the environment is hindering the growth of the market.

The drilling fluid application is expected to dominate the global fluid loss additive market over the forecast period. North America region represents the largest market and is also expected to be the fastest-growing market over the forecast period owing to the increasing consumption from countries such as the United States, and Canada.

Companies Mentioned

  • BASF SE
  • Clariant
  • Global Drilling Fluids and Chemicals Limited
  • Halliburton
  • Kemira OYJ
  • Newpark Resources Inc.
  • Nouryon
  • Schlumberger Limited
  • Solvay
  • Tytan Organics Pvt. Ltd.

Key Market Trends

Drilling Fluid Application to Dominate the Market

  • The fluid loss additives market is driven mainly by increasing shale gas production. The rising global demand for energy is a major factor contributing to the increasing shale oil and shale gas production.
  • As the fluid loss additives play a key role in drilling and cementing of well, the rising crude and shale oil production is expected to boost the demand for these additives during the forecast period.
  • Evolution and adoption of advanced technologies have allowed extensive exploration activities to be carried out for non-oil sources, such as coal bed methane, shale gas, and several other unconventional resources.
  • These exploration and production activities require advanced technologies such as multi-stage hydraulic fracturing of horizontal wells. These tasks are accomplished with the help of different formulated drilling fluids that help in the maintenance of pump pressure, wellbore stable, avoid corrosion and friction and eliminate & transport cuttings.
  • Additionally, the increasing shale gas exploration in the United States is increasing drilling fluid applications and hence driving the fluid loss additives market.

North America Region to Dominate the Market

  • The North America fluid loss additives market is estimated to witness the fastest growth during the period. The increasing consumption of well stimulation chemicals has a significant impact on the growth of shale oil & gas developments in North America.
  • The United States is the largest producer of natural gas globally and has made hefty investments in unconventional drilling technologies such as horizontal drilling and hydraulic fracturing where fluid loss additives have a major role to play.
  • The rising exploration in shale oil & gas reserves has led to higher consumption of higher volumes of fluid loss additives.
  • Advancements in horizontal drilling, hydraulic fracturing, availability of water for fracturing, and mineral rights licensing are some of the factors contributing to the swift development of crude oil reserves in the North American region.
  • In 2019, the natural gas production in United States grew by 9.8 billion cubic feet per day (Bcf/d) in 2019, showing a 10% rise over gas produced in 2018.
  • the above mentioned factors are expected to surge the consumption of fluid loss additives in North America during the forecast period.

Key Topics Covered:

1 INTRODUCTION

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Drivers

4.1.1 Increase in Shale Gas Exploration

4.1.2 Increasing Investments in the Latest and Unconventional Drilling Technologies

4.2 Restraints

4.2.1 Growing Demand for Electric Vehicles

4.2.2 Harmful Impact on Environment

4.3 Industry Value Chain Analysis

4.4 Porters Five Forces Analysis

5 MARKET SEGMENTATION

5.1 Additive Type

5.1.1 Synthetic

5.1.2 Natural

5.1.3 Synthetically Modified Natural

5.2 Application

5.2.1 Drilling Fluid

5.2.2 Cement Slurry

5.3 Geography

5.3.1 Asia-Pacific

5.3.1.1 China

5.3.1.2 India

5.3.1.3 Japan

5.3.1.4 South Korea

5.3.1.5 Rest of Asia-Pacific

5.3.2 North America

5.3.2.1 United States

5.3.2.2 Canada

5.3.2.3 Mexico

5.3.3 Europe

5.3.3.1 Germany

5.3.3.2 United Kingdom

5.3.3.3 France

5.3.3.4 Italy

5.3.3.5 Rest of Europe

5.3.4 South America

5.3.4.1 Brazil

5.3.4.2 Argentina

5.3.4.3 Rest of South America

5.3.5 Middle-East and Africa

5.3.5.1 Saudi Arabia

5.3.5.2 South Africa

5.3.5.3 Rest of Middle-East and Africa

6 COMPETITIVE LANDSCAPE

6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

6.2 Market Share (%)/Ranking Analysis**

6.3 Strategies Adopted by Leading Players

6.4 Company Profiles

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

7.1 Advancements in Horizontal Drilling and Hydraulic Fracturing

7.2 Other Opportunities

For more information about this report visit https://www.researchandmarkets.com/r/o8zsau