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.
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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