Fluid Loss Additives Market Research Report - Global Forecast till 2030

Fluid Loss Additives Market: Information by Material Type (Bentonite, Barite, Polyanionic Cellulose (PAC), Polyacrylamide (PAM), Calcium Carbonate, Hydroxyethyl Cellulose (HEC), Latex and Others), Product Type (Water-Soluble and Water-Insoluble), Application (Drilling fluids, Cement Slurries, Fracturing Fluids and Completion Fluids) and Region (North America, Europe, Asia-Pacific, Latin America and Middle East & Africa) - Forecast till 2030

ID: MRFR/CnM/6748-HCR | November 2022 | Region: Global | 140 Pages         

Fluid Loss Additives Market

The fluid loss additives market size is projected to reach USD 380 million by 2030 from USD 320 million in 2021, at a CAGR of 3%.

Segmentation

By Material Type Bentonite Barite Polyanionic Cellulose (PAC) Polyacrylamide (PAM) Calcium Carbonate Hydroxyethyl Cellulose (HEC) Latex Others
Product Type Water-Soluble Water-Insoluble
Application Drilling fluids Cement Slurries Fracturing Fluids Completion Fluids

Key Players

  • Halliburton (US)
  • Schlumberger Limited (US)
  • Newpark Resources Inc (US)
  • Solvay (Belgium)
  • BASF SE (Germany)
  • Clariant (Switzerland)
  • Global Drilling Fluids
  • Chemicals Limited (India)
  • Tytan Organics (India)
  • Nouryon (Netherlands)
  • SEPCOR INC (US)
  • Kemira (Finland)
  • Audin Group (UK)

Drivers

  • The increasing shale gas
  • Shale oil production in North America
  • Europe is expected to be the key factor driving the demand
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Fluid Loss Additives Market Overview


The fluid loss additives market would grow at a CAGR of over 3% during the projection period. Fluid loss additives, also known as filtrate reducing agents or fluid loss control additives, are chemical additives used in drilling and well-operating systems to limit the fluids flow through a permeable zone. The growth of the fluid loss additives market is being fueled by rising shale gas exploration and crude oil production. Exploration for sources other than oil, such as coal-bed methane, shale gas, and unconventional resources, has become possible because of advancements in technology. Because fluid loss additives are one of the most significant additives used in the drilling process, the growing shale gas exploration will fuel the fluid loss additive market growth.


Environmental rules encourage preventative measures to avoid water body damage, and one of the primary drivers driving the market is the use of eco-friendly fluid loss control additives for drilling operations in water-based muds. However, rising demand for electric vehicles reduces crude oil consumption, acting as a market restraint. As a result, because electric vehicles do not require crude oil-based fuels, the market for fluid loss additives may be stifled. On the other hand, the market's growth is hampered by the rising demand for electric vehicles and their negative environmental impact.




Global Fluid Loss Additives Market Share, by Region

   Fluid Loss Additives Market


 Source: MRFR Analysis


Regional Analysis


The global fluid loss additives market outlook has been reviewed with respect to five regions, namely Asia-Pacific, the Middle East & Africa, North America, Europe, and Latin America.


North America held the largest share of the global fluid loss additives market in 2018 and is expected to be the dominant regional market during the forecast period. The demand for fluid loss additives in the region is growing at a significant rate owing to the presence of prominent market players in the region and increase in the drilling operations and well intervention activities such as slickline, wireline, pumping or coiled tubing.


North America is followed by Europe, which is projected to hold the second-largest share of the global fluid loss additives market attributed to the presence of four of the six major oil & gas companies, namely BP p.l.c., Total, Eni SpA, and Royal Dutch Shell PLC.


The fluid loss additives market in Asia-Pacific is expected to witness healthy growth owing to rapid industrialization in the region, which has led to the growth of the oil & gas industry; China is the leading regional market. The presence of large-scale oil & gas producers such as Sinopec and China National Petroleum Corporation is projected to propel the demand for the product in China during the review period.


The growth of fluid loss additives market in the Middle East & Africa is attributed to the high production of petroleum derivatives in the GCC countries. However, the Latin American market for fluid loss additives is expected to witness sluggish growth during the review period.


Market Segmentation


The global fluid loss additives market has been segmented based on material type, product type, application, and region.


The global fluid loss additives market, by material type, has been divided into bentonite, barite, polyanionic cellulose (PAC), polyacrylamide (PAM), calcium carbonate, hydroxyethyl cellulose (HEC), latex, and others. Bentonite, barite, and PAC are the most widely used additives in drilling fluids. The PAC segment is expected to hold the largest share of the global market.


The product types of fluid loss additives covered under the scope of the report are water-soluble and water-insoluble. The water-soluble additives segment is further divided into modified natural polymers, cellulosics, vinylinic-based polymers, and others. Moreover, the water-insoluble additives segment is sub-divided into polymer resins and others


Drilling fluids, cement slurries, fracturing fluids, and completion fluids are the application segments of the global fluid loss additives market. Among these, the drilling fluids segment held the largest share of the global fluid loss additives market and is expected to be the dominant segment during the forecast period, owing to the rise in the drilling operations in North America and the Middle East & Africa.


Key players


Halliburton (US), Schlumberger Limited (US), Newpark Resources Inc (US), Solvay (Belgium), BASF SE (Germany), Clariant (Switzerland), Global Drilling Fluids and Chemicals Limited (India), Tytan Organics (India), Nouryon (Netherlands), SEPCOR, INC (US), Kemira (Finland), and Audin Group (UK).

Recent Development


Sep 2021 IsoBond is a cement system developed by Halliburton Company that reduces sustained casing pressure (SCP) at its source to create a barrier that reduces transition time, reduces fluid loss, and increases shear bonding. Unlike slurries, which are only meant to prevent fluid loss, the IsoBond cement technology eliminates SCP on all fronts. IsoBond reduces annular flow through cement and boosts anchoring force to the casing and formation by up to 40% compared to existing systems because of its short slurry transition time and rapid gel strength development. Because of the enhanced shear bonding, the cement sheath is more resistant to corrosive fluid deterioration.


Intended Audience



  • Fluid loss additive producers

  • Oil & gas industry

  • Cement manufactures

  • Potential investors

  • Raw material suppliers



Report Scope:

Report Attribute/Metric Details
  Market Size

  • 2027: USD 1,08,927.1 Million
  • 2030 : Significant value
  •   CAGR   3% (2022-2030)
      Base Year   2021
      Forecast Period   2022 to 2030
      Historical Data   2019 & 2020
      Forecast Units   Value (USD Million)
      Report Coverage    Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
      Segments Covered   material type, product type, application, and region
      Geographies Covered    Asia-Pacific, the Middle East & Africa, North America, Europe, and Latin America.
      Key Vendors   Halliburton (US), Schlumberger Limited (US), Newpark Resources Inc (US), Solvay (Belgium), BASF SE (Germany), Clariant (Switzerland), Global Drilling Fluids and Chemicals Limited (India), Tytan Organics (India), Nouryon (Netherlands), SEPCOR, INC (US), Kemira (Finland), and Audin Group (UK).
      Key Market Opportunities    Increase the demand for fluid loss additives in the oil & gas industry.
      Key Market Drivers   The increasing shale gas and shale oil production in North America and Europe is expected to be the key factor driving the demand


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    Frequently Asked Questions (FAQ) :

    Fluid Loss Additives Market valuation was USD 298 million.

    The forecasted valuation is 3.3% for the duration including 2019 to 2025.

    The polyanionic cellulose segment would dominate.

    The drilling fluids segment would influence the market the most.