Market Overview:
The global fluid loss additives market is estimated to be valued at US$ 1,362.8 Mn in 2018 and is projected to reach US$ 2,521.4 Mn by 2030, registering a CAGR of 6.5% from 2018 to 2030. In terms of volume, the global fluid loss additives market is expected to reach 906 KT by 2030. The synthetic segment is expected to account for a larger share of the global fluid loss additives market in terms of value and volume during the forecast period. The synthetic segment is projected to register a CAGR of 7% from 2018 to 2030 in terms of value and 7.2% in terms of volume during the forecast period owing to increasing demand for synthetically modified natural products such as PAC (polyacrylamide) and CMC (carboxymethyl cellulose).
Product Definition:
Fluid Loss Additives are used to prevent fluid loss from a wellbore. Fluid loss additives are important because they help maintain the integrity of the wellbore and protect it from damage.
Synthetically Modified Natural (PAC, CMC):
Synthetically modified natural (PAC, CMF) is a group of plant-derived products that are processed to enhance their fluid loss properties. The product has been used as an alternative to synthetic thickeners and stabilizers in several end-use industries such as paints & coatings, food processing, personal care & cosmetics and printing inks.
The global synthetically modified natural market size was valued at USD 1.5 billion in 2015.
Synthetic (Acrylic Sulphonated Polymers):
Synthetic (Acrylic Sulphonated Polymers) is a group of chemicals that are manufactured by the chemical reaction between an organic compound and sulphuric acid. The most common type of synthetic polymer is polyethylene, also known as PE. PE can be used in various applications such as packaging, detergents, and lubricants; it has high demand due to its low cost & wide availability.
Application Insights:
Drilling fluid was the largest application segment in terms of revenue share in 2017. Drilling fluids are used for cementing, gravel packing as well as perforating operations. Increasing demand for polyacrylates and polyolefins based drilling fluids owing to their superior properties such as low density, high viscosity index and excellent thermal stability is expected to drive the market over the forecast period.
Cement slurry is estimated to be one of the fastest-growing applications on account of rising construction activities across various regions coupled with increasing use of lightweight materials such as glass fiber reinforced plastic composites that require a high dosage rate. Fluid loss additives are also used during production processes such as grinding & screening where they act as de-emulsifiers, foaming agents and detergents which help remove oil films or drops that form when raw materials are mixed together during manufacturing process thereby preventing caking or flocculation resulting in improved processing efficiency at reduced costs.
Regional Analysis:
North America accounted for the largest share of over 35.0% in 2017 owing to the high demand from various end-use industries including drilling fluids, cement and concrete mixers. The region is expected to witness a moderate growth rate over the forecast period owing to stringent government regulations regarding water consumption coupled with rising awareness about sustainable construction practices among consumers in this region.
Asia Pacific is anticipated to register a significant CAGR of XX% during the forecast period on account of increasing investments by various oil & gas companies for exploration and production activities in this region coupled with growing energy requirements across emerging economies such as China, India, Indonesia, Vietnam and Thailand among others which are likely to drive product demand during the projected time frame. In addition, increasing population along with rapid urbanization has resulted into increased requirement for transportation services which will further boost market growth over next eight years or so (until 2030).
Growth Factors:
- Increasing demand for automobiles and transportation: The global Fluid Loss Additives market is expected to grow at a CAGR of 5.5% during the forecast period. This growth can be attributed to the increasing demand for automobiles and transportation, which in turn is fueling the growth of the Fluid Loss Additives market.
- Rising disposable income: The rising disposable income has led to an increase in consumer spending, which is driving the growth of various end-use industries such as automotive, construction, and packaging. This is further propelling the demand for Fluid Loss Additives products across different applications segments.
- Stringent environmental regulations: Stringent environmental regulations are compelling Original Equipment Manufacturers (OEMs) to adopt fuel-efficient technologies in their vehicles, which requires use of fluids with low viscosity levels and low volatility levels additives such as those offered by fluid loss additives manufacturers .This will spur adoption rates over traditional lubricants thereby boosting sales revenues over forecast period . 4 Emerging markets offer immense potential: The Asia Pacific region offers immense potential for growth owing to its large population base and rising disposable incomes coupled with growing awareness about benefits associated with using fluid loss additives products.. In addition, Latin America and Middle East & Africa are also expected to witness high growth rates during the forecast period owing to increasing investments by key players operating in these regions 5 Technological advancements: Key players are investing heavily in research & development activities so as to develop innovative products
Scope Of The Report
Report Attributes
Report Details
Report Title
Fluid Loss Additives Market Research Report
By Type
Synthetically Modified Natural (PAC, CMC), Synthetic (Acrylic Sulphonated Polymers), Natural (Starch, Lignin, Bentonite))
By Application
Drilling Fluid, Cement Slurry
By Companies
Halliburton, Schlumberger, Newpark Resources, BASF, Clariant, Solvay, Nouryon, Global Drilling Fluids and Chemicals, Tytan Organics, Kemira, Halliburton
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global Fluid Loss Additives Market Report Segments:
The global Fluid Loss Additives market is segmented on the basis of:
Types
Synthetically Modified Natural (PAC, CMC), Synthetic (Acrylic Sulphonated Polymers), Natural (Starch, Lignin, Bentonite))
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Drilling Fluid, Cement Slurry
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Halliburton
- Schlumberger
- Newpark Resources
- BASF
- Clariant
- Solvay
- Nouryon
- Global Drilling Fluids and Chemicals
- Tytan Organics
- Kemira
- Halliburton
Highlights of The Fluid Loss Additives Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Synthetically Modified Natural (PAC, CMC)
- Synthetic (Acrylic Sulphonated Polymers)
- Natural (Starch, Lignin, Bentonite))
- By Application:
- Drilling Fluid
- Cement Slurry
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Fluid Loss Additives Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Fluid loss additives are chemicals that are added to fluids in order to increase their viscosity or reduce their evaporation rate. This is done in order to improve the performance of a fluid during various industrial processes, such as oil production and water treatment.
Some of the major companies in the fluid loss additives market are Halliburton, Schlumberger, Newpark Resources, BASF, Clariant, Solvay, Nouryon, Global Drilling Fluids and Chemicals, Tytan Organics, Kemira, Halliburton.
The fluid loss additives market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Fluid Loss Additives Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Fluid Loss Additives Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Fluid Loss Additives Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Fluid Loss Additives Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Fluid Loss Additives Market Size & Forecast, 2018-2028
4.5.1 Fluid Loss Additives Market Size and Y-o-Y Growth
4.5.2 Fluid Loss Additives Market Absolute $ Opportunity
Chapter 5 Global Fluid Loss Additives Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Fluid Loss Additives Market Size Forecast by Type
5.2.1 Synthetically Modified Natural (PAC
5.2.2 CMC)
5.2.3 Synthetic (Acrylic Sulphonated Polymers)
5.2.4 Natural (Starch
5.2.5 Lignin
5.2.6 Bentonite))
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Fluid Loss Additives Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Fluid Loss Additives Market Size Forecast by Applications
6.2.1 Drilling Fluid
6.2.2 Cement Slurry
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Fluid Loss Additives Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Fluid Loss Additives Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Fluid Loss Additives Analysis and Forecast
9.1 Introduction
9.2 North America Fluid Loss Additives Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Fluid Loss Additives Market Size Forecast by Type
9.6.1 Synthetically Modified Natural (PAC
9.6.2 CMC)
9.6.3 Synthetic (Acrylic Sulphonated Polymers)
9.6.4 Natural (Starch
9.6.5 Lignin
9.6.6 Bentonite))
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Fluid Loss Additives Market Size Forecast by Applications
9.10.1 Drilling Fluid
9.10.2 Cement Slurry
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Fluid Loss Additives Analysis and Forecast
10.1 Introduction
10.2 Europe Fluid Loss Additives Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Fluid Loss Additives Market Size Forecast by Type
10.6.1 Synthetically Modified Natural (PAC
10.6.2 CMC)
10.6.3 Synthetic (Acrylic Sulphonated Polymers)
10.6.4 Natural (Starch
10.6.5 Lignin
10.6.6 Bentonite))
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Fluid Loss Additives Market Size Forecast by Applications
10.10.1 Drilling Fluid
10.10.2 Cement Slurry
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Fluid Loss Additives Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Fluid Loss Additives Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Fluid Loss Additives Market Size Forecast by Type
11.6.1 Synthetically Modified Natural (PAC
11.6.2 CMC)
11.6.3 Synthetic (Acrylic Sulphonated Polymers)
11.6.4 Natural (Starch
11.6.5 Lignin
11.6.6 Bentonite))
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Fluid Loss Additives Market Size Forecast by Applications
11.10.1 Drilling Fluid
11.10.2 Cement Slurry
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Fluid Loss Additives Analysis and Forecast
12.1 Introduction
12.2 Latin America Fluid Loss Additives Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Fluid Loss Additives Market Size Forecast by Type
12.6.1 Synthetically Modified Natural (PAC
12.6.2 CMC)
12.6.3 Synthetic (Acrylic Sulphonated Polymers)
12.6.4 Natural (Starch
12.6.5 Lignin
12.6.6 Bentonite))
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Fluid Loss Additives Market Size Forecast by Applications
12.10.1 Drilling Fluid
12.10.2 Cement Slurry
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Fluid Loss Additives Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Fluid Loss Additives Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Fluid Loss Additives Market Size Forecast by Type
13.6.1 Synthetically Modified Natural (PAC
13.6.2 CMC)
13.6.3 Synthetic (Acrylic Sulphonated Polymers)
13.6.4 Natural (Starch
13.6.5 Lignin
13.6.6 Bentonite))
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Fluid Loss Additives Market Size Forecast by Applications
13.10.1 Drilling Fluid
13.10.2 Cement Slurry
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Fluid Loss Additives Market: Competitive Dashboard
14.2 Global Fluid Loss Additives Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Halliburton
14.3.2 Schlumberger
14.3.3 Newpark Resources
14.3.4 BASF
14.3.5 Clariant
14.3.6 Solvay
14.3.7 Nouryon
14.3.8 Global Drilling Fluids and Chemicals
14.3.9 Tytan Organics
14.3.10 Kemira
14.3.11 Halliburton
