Introduction: Fluid Loss Control Additives Market
Drilling operations are getting deeper, harsher chemically, hotter, and costlier. Operators must therefore use reliable and efficient technologies to operate in such challenging mud systems. There is a significant danger of permeability impairment from liquid loss due to reservoir formation. Fluid loss control additives are used to address these issues.
The main purpose of fluid loss control additives is to maintain a constant fluid volume within a cement slurry slurry in order to keep the slurry’s performance characteristics within a reasonable range. Customized fluid loss control additive compositions help operators maintain wellbore stability and overall drilling efficiency while reducing their environmental impact.
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Various types of additives are available in the market for fluid loss. Recently, the American Petroleum Institute studied grapheme oxide as an additive and it performed well as a filtration additive in water-based drilling fluids at low concentrations. Attributing to environmental demands in the oil and gas industry to prevent the destruction of coastal habitat and marine resources, environment friendly fluid loss control additives have become a necessity.
Fluid loss control additives are available in various special grades, including LGT, MGT and HGT. These additives have low solubility in hydrocarbons and minimum plastic flow in all grades, they also impart excellent filtrate control in oil based drilling fluid systems.
Global Fluid Loss Control Additives Market: Segmentation
Based on additive type, the global fluid loss control additives market can be segmented into water soluble and water insoluble additives.
- The water soluble additives segment can be further segmented into:
- Modified natural polymers
- Vinylinic-based polymers
- Cellulosics
- The water insoluble additives segment can be further segmented into:
- Polymer resins
- Others
Global Fluid Loss Control Additives Market: Dynamics
Environmental safety concerns and pertaining regulations are contributing to the increase in demand from the oil & gas drilling industry. The petroleum industry is encouraging research on drilling fluid sand additives, such as non-toxic viscosity reducers and fluid loss control additives.
These factors are expected to boost demand and drive the global fluid loss control additives market over the forecast period. Further, surging oil & gas drilling activities, supported by the increasing demand for end-products and rising investments in the oil & gas projects, are also slated to push the demand for fluid loss control additives over the forecast period.
Environmental regulations encourages the utilization of water based fluids and its application in areas where the oil based drilling fluids have been utilized owing to the certain challenges.
Preventing the destruction of aquatic bodies, such as coastal areas, fishes and oceans, with the introduction of environmental and user friendly fluid loss control additives in water-based muds for oil & gas drilling operations is one of the key trends identified in the global fluid loss control additives market.
Global Fluid Loss Control Additives Market: Regional Outlook
On the basis of geography, the fluid loss control additives market is dominated by Middle East & Africa and North America regions, owing to the availability of significant oil reserves in countries, such as Canada, Kuwait, Saudi Arabia and Iran. Asia Pacific and Europe are expected to exhibit moderate growth in the global fluid loss control additives market over the next decade. Latin America is also expected to register moderate growth in the market over the forecast period.
Global Fluid Loss Control Additives Market: Market Participants
Examples of some of the market participants identified across the value chain of the global fluid loss control additives market include Schlumberger Limited, BASF SE, Halliburton, Newpark Resources Inc., Sepcor, Inc., Kemira, Tytan Organics, Aubin Group and Global Drilling Fluids & Chemicals Limited.
Key manufacturers of fluid loss control additives are found to be involved in research & development activities in order to enhance their market presence across the globe. The global fluid loss control additives market is one of the most consolidated markets as there are a small number of players involved in the manufacturing of additives.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
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The report covers exhaust analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Technology
- Value Chain
Regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Japan
- Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current, and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
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