Spacer Fluid Market 2021| Drivers, Opportunities, Trends, and Forecast by 2030

Global spacer fluid market size was valued at $197.1million in 2020, and is projected to reach $323.1million by 2030, growing at a CAGR of 5.1% from 2021 to 2030. Spacer fluids are used to separate drilling fluids and cementing slurries by preparing both pipe and formation for cementing operations. Spacer comprises water (as base fluid), heavy weight additive and spacer blend package (contains rheological modifiers). The spacer fluid system includes a viscosifier, wetting agent, surfactant package, and carrier fluid, typically water. The surfactant package's main purpose is to change the formation surface from oily to moist, hence increasing cement bonding.

The major factors driving the growth of the global oil well spacer fluids market are the increasing investments in the exploration & production of oil and gas as well assignificant growth of the oil & gas industry in developing countries. Moreover, technological advancements in well cementing are also expected to contribute to the growth of the spacer fluids market trends.

Download Sample PDF @ https://www.alliedmarketresearch.com/request-sample/12223

The global spacer fluid market analysis has been done on the basis of type, application, and region. Based on application, the spacer fluid market is divided into onshore and offshore. In 2020, onshore applications held the largest share of the market. Better oil and gas drilling will raise the demand for onshore applications.

By type, the oil-based drilling fluid environment segment is expected to witness robust growth. The need for oil well spacer fluids will rise as the number of operational rigs in the Middle East, Russia, Europe, and Africa increases.

For Purchase Enquiry @ https://www.alliedmarketresearch.com/purchase-enquiry/12223

The spacer fluid market has held a notable share in the North America. The U.S., Canada, and Mexico are the largest producers of oil and gas in North America. Governments of many countries in the region are taking initiatives to increase oil and gas production to ensure energy security.

The major companies profiled in this report include
• AubinGroup
• Baker Hughes Incorporated
• BASF SE
• Chevron Phillips Chemical Company
• Croda International PLC
• Halliburton
• Impact Fluid Solutions
• M&DIndustries of LA Inc.
• Schlumberger Limited
• Trican Well Service Ltd.

Get detailed COVID-19 impact analysis on the Spacer Fluid Market @ https://www.alliedmarketresearch.com/request-for-customization/12223?reqfor=covid

Impact of COVID-19 on the global spacer fluid market
• Some of the major economies suffered losses during the Covid-19 pandemic, which resulted in the closure of many industries because of lack of raw materials and workforce.
• Manufacturing of oil and gas came to halt due to increase in prices of raw materials and disrupted supply chain. This hampered the market growth.
• The gap in supply and demand, price volatility, and change in government policies are expected to affect the growth of various end-use industries.

Key findings of the study

• The North America spacer fluid market is projected to grow at the highest CAGR of nearly 5.1%, in terms of revenue, during the spacer fluid market forecast period.
• By application, the onshore segment accounted for the largest spacer fluid market share in 2020.
• On the basis of type, the oil-based drilling fluid environment segment garnered the largest market share in 2020.

Contact us:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Follow us on: https://www.linkedin.com/company/allied-market-research

About us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.

This release was published on openPR.