Market Summary:
In terms of
value, the Global Fluids Loss Additives Market reached USD 298 million in 2018
and is expected to exhibit a CAGR of over 3.3% during the forecast period,
2019–2025. The demand for fluid loss additives is increasing in drilling
operations and well repairing across the globe, particularly in North America.
The demand is increasing as it reduces the loss of petroleum derivatives during
the drilling operation and fluid transportation.
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Key Players:
·
Newpark Resources Inc
·
Schlumberger Limited
·
BASF SE
·
Solvay
·
Tytan Organics
·
Nouryon
·
SEPCOR, INC
·
Global Drilling Fluids and
Chemicals Limited
·
Kemira
·
Audin Group
·
Halliburton
·
Clariant
Segmental
Analysis:
The Fluid
Loss Additives Market has been segmented based on material type,
product type, application, and region.
By material
type, the global fluids loss additives market has been segregated into
bentonite, barite, polyanionic cellulose (PAC), polyacrylamide (PAM), calcium
carbonate, hydroxyethyl cellulose (HEC), latex, and others. Among these, the PAC
is expected to the dominant segment of the global fluid loss additives market
as it has a high degree of carboxymethyl substitution that imparts viscosity to
the fluids. Moreover, it comprises lesser NaCl residual than carboxymethyl
cellulose leading to less cation contamination.
The product
types covered under the scope of the global fluids loss additives market are
water-soluble and water-insoluble additives. The water-soluble additives is
expected to be the dominant segment and is further classified into
vinylinic-based polymers, natural polymers, cellulosics, and others. Whereas
water-insoluble are classified into polymer resins and others. Water-insoluble
materials help to reduce the permeable zone that develops on filter cake.
Bentonite is an example of water-insoluble polymer resin.
The application
segments of the global fluids loss additives market are drilling fluids, cement
slurries, fracturing fluids, and completion fluids. The drilling fluids was the
dominant segment of the global fluids loss additives market followed by cement
slurries. The surge in the demand for drilling fluids is attributed to their
growing use in light and heavy intervention operations that are performed
during well maintenance, replacement, or repair. The drilling fluids segment,
on the basis of materials, is further categorized into water-based muds (WBM),
oil-based muds (OBM), and synthetic-based muds (SBM), where WBM is most
commonly used in the well intervention process.
Regional
Analysis
The global
fluids loss additives market has been analyzed for five regions, namely
Asia-Pacific, North America, Europe, Latin America, and the Middle East &
Africa.
North America
held the largest market share in 2018 and is expected to register the highest
CAGR during the review period due to the high production of petroleum
derivatives in the region. Europe held a prominent market share in 2018, led by
the UK, Italy, and France. Europe is followed by Asia-Pacific due to the
expanding oil & gas industry. The regional players have increased the
investments in the oil & gas industries—20% more as compared to 2018. The
Latin American market is expected to witness stagnant growth during the
forecast period.
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