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Fluid Loss Additives Market | Key players operating in the market include Halliburton, Clariant, BASF SE, Solvay, Nouryon

01-25-2022 10:01 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: MarketsandMarkets

Fluid Loss Additives Market, Fluid Loss Additives

Fluid Loss Additives Market, Fluid Loss Additives

According to recent market research "Fluid Loss Additives Market by Type (Synthetically Modified Natural (PAC, CMC), Synthetic (Acrylic Sulphonated Polymers), Natural (Starch, Lignin, Bentonite)), Application (Drilling Fluid, Cement Slurry) - Global Forecast to 2024", The fluid loss additives market is projected to reach USD 376 million by 2024, at a CAGR of 3.6% from USD 315 million in 2019.

Browse 85 market data Tables and 41 Figures spread through 122 Pages and in-depth TOC on "Fluid Loss Additives Market - Global Forecast to 2024"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/fluid-loss-additive-market-5732931.html

Synthetically modified natural additives are estimated to lead the fluid loss additives market, in terms of value, in 2019. PAC and CMC are the two major types of synthetically modified natural additives commercially used. These additives are natural polymers which are modified using chemical reactions mainly to increase their performance under extreme conditions. The dominance of synthetically modified natural additives is primarily due to its high performance and low cost.

The drilling fluid segment is estimated to be the largest application of fluid loss additives during the forecast period. Drilling fluid, also known as drilling mud, comprises several constituents including clay, bentonite, barite, and specialty oilfield chemicals, such as corrosion inhibitors, biocides, and surfactants. The type of drilling fluids depends upon the type of well and their use at different levels in the wellbore, while some drilling fluids are used in combination with others. Fluid loss additives are used in drilling fluids mainly to avoid loss of filtrate during drilling operations. The increasing drilling activities across the globe is a significant factor driving the growth of the fluid loss additives market in drilling fluid application.

For more Details Speak to Our Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=5732931

The fluid loss additives market size is projected to reach USD 376 million by 2024 from USD 315 million in 2019, at a CAGR of 3.6% between 2019 and 2024. Rising crude oil production, coupled with the increase in shale gas exploration, is expected to support the growth of the fluid loss additives market. However, the environmental impact of the fluid loss additives is restraining the growth of the market. On the other hand, deepwater and ultra-deepwater drilling have created opportunities for manufacturers.

Schlumberger Limited (US), Halliburton (US), Newpark Resources Inc. (US), BASF SE (Germany), Clariant (Switzerland), and Solvay (Belgium), are the major players in this market.

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Schlumberger Limited (US) is the leading producer of fluid loss additives. Schlumberger provides innovative and diverse fluid loss additives that meet the needs of every application. The company produces polysaccharide derivative (PAC Liquid), PAC, starch, and CMC mainly for the cementing applications in the oil & gas industry. In 2017, the company invested USD 800 million in research and engineering for oilfield activities, which is expected to gain additional market share in the fluid loss additives market.

Halliburton (US) is another leading player in this market, focusing on R&D to produce fluid loss additives. The reliable supply chain and distribution network of the company helps it to have the edge over its competitors. The company’s well-established distribution network and brand value are factors fueling its growth. It mainly focuses on achieving a competitive position in the fluid loss additives market, globally.

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