Allied Market Research


Fluid Loss Control Additives Market

Fluid Loss Control Additives Market Size, Share, Competitive Landscape and Trend Analysis Report by Type, by Application and by End Use Industry : Global Opportunity Analysis and Industry Forecast, 2023-2032

MC : Renewable, Speciality and fine chemicals

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Author's: | Eswara Prasad
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Fluid Loss Control Additives Market Outlook 2030

Fluid loss control additives are used in cement slurry to decrease fluid loss and maintain the liquid/solid ratio to keep slurry parameters like viscosity, density, and thickening time. Reduced water loss from the cement slurry also aids in the management of gas leakage through uncemented ducts. These additives are beneficial in reducing filtrate loss during the fluid drilling process. Fluid loss can harm permeability, hence fluid loss control chemicals are employed to counteract this. Fluid loss control additives also aid in lowering energy consumption by regulating circulation pressure and viscosity during the drilling process. Environmentally acceptable fluid loss control additives have become a necessity as a result of environmental demands in the oil and gas industry to minimise the degradation of coastal habitat and marine resources. These additives have low hydrocarbon solubility and low plastic flow in all grades, and they provide good filtrate control in oil-based drilling fluid systems.

COVID-19 Impact Analysis

  • The COVID-19 had a significant impact on the global financial system, which had a significant impact on many key industries, including aerospace and automotive, transportation, wind energy, and so on, negatively impacting the fluid loss control additives market.
  • COVID-19 bought restrictions on the workers, reduced the demand, and closed the industrial facilities. The industry also experienced severe labour shortages due to recurrent lockdowns that disrupted manufacturing and changing movements.

Top Impacting Factors

The global fluid loss control additives market is being driven by an increase in crude oil output and an increase in shale gas development. During shale gas exploration, sophisticated and unconventional technology such as hydraulic and horizontal drilling processes are used. Drilling fluids are important additives that help improve drilling efficiency and ensure a smooth procedure. Exploration for crude oil and shale gas is projected to rise in the near future to meet rise in fuel demand. Non-hazardous viscosity reducers and fluid loss control additives are sought by the petroleum sector. The need for fluid loss control additives is predicted to increase as a result of these causes. The global fluid loss control additives market is expected to grow owing to rise in demand for fluid loss control additives used in cement slurry to prevent water loss during the cementing process. The demand for environmentally friendly fluid loss control additives is anticipated to surge due to increased environmental consciousness and international legislation during the projection period. These chemicals are used to protect the environment and limit the devastation of aquatic life.

Market Trends

  • The Dow Chemical Company and E.I. du Pont have merged to form DowDuPontTM. du Pont de Nemours and Company is a company that manufactures and sells du Pont de Nemours and Company products. Agriculture, Materials Science, and Specialty Products are the three divisions of the united entity, which operates as a holding company under the name "DowDuPontTM."
  • Schlumberger, an oil services company, has finalised the merger of Cameron International, a maker of flow equipment products in the United States. They will drive total system performance as a merged firm by integrating the surface and subsurface components of both drilling and production systems considerably more closely.

Key Benefits of the Report

  • This study presents the analytical depiction of the fluid loss control additives industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the fluid loss control additives market share.
  • The current market is quantitatively analysed to highlight the fluid loss control additives market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed fluid loss control additives market analysis based on competitive intensity and how the competition will take shape in coming years

Questions answered in the fluid loss control additives Report

  • Who are the leading market players active in the fluid loss control additives market?
  • What current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What future projections would help in taking further strategic steps?

Fluid Loss Control Additives Market Report Highlights

Aspects Details
By Type
  • Synthetically Modified Natural Additives
  • Synthetic Additives
  • Natural Additives
By Application
  • Drilling Fluid
  • Cement Slurry
  • Others
By End Use Industry
  • Oil Drilling Industry
  • Gas Drilling Industry
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (France, Germany, Italy, Spain, UK, Russia, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Australia, Thailand, Malaysia, Indonesia, Rest of Asia-Pacific)
  • LAMEA  (Brazil, South Africa, Saudi Arabia, UAE, Argentina, Rest of LAMEA)
Key Market Players

Solvay, BASF SE, Clariant AG, Nouryon, Kemira OYJ, Global Drilling Fluids and Chemicals Limited, Tytan Organics Pvt. Ltd., Newpark Resources Inc., OMNOVA Solutions Inc., Schlumberger Limited

Key Market Players

The Dow Chemical Company, Omnova Solutions, Aubin Group, Innospec Inc., Sekisui Chemical Co., Ltd., Chevron Phillips Chemical Company, UNIKEM.

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Fluid Loss Control Additives Market

Global Opportunity Analysis and Industry Forecast, 2023-2032