DUBLIN, Dec. 14, 2020 /PRNewsCentre/ — The "Fluid Loss Additive Market – Growth, Trends, and Forecasts (2020 – 2025)" report has been added to ResearchAndMarkets.com’s offering.
The market for fluid loss additive is expected to register a CAGR of over 3% globally during the forecast period
The major factors driving the market studied are the increase in the production and exploration of shale gas and increasing investments in the latest and unconventional drilling technologies. On the flip side, the growing demand for electrical vehicles and harmful impact on the environment are hindering the growth of the market.
The drilling fluid application is expected to dominate the global fluid loss additive market over the forecast period. The North American region represents the largest market, and it is also expected to be the fastest-growing market over the forecast period, owing to the increasing consumption from countries such as the United States and Canada.
Key Market Trends
Drilling Fluid Application to Dominate the Market
The fluid loss additives market is driven mainly by increasing shale gas production. The rising global demand for energy is a major factor contributing to the increasing shale oil and shale gas production.
North America Region to Dominate the Market
The North American fluid loss additives market is estimated to witness the fastest growth during the period. The increasing consumption of well stimulation chemicals has a significant impact on the growth of shale oil and gas developments in North America.
The global fluid loss additives market is partially consolidated in nature with a few major players dominating a significant portion of the market. Some of the major companies are Halliburton, Schlumberger Limited, Clariant, Solvay, and Global Drilling Fluids & Chemicals Limited.
Key Topics Covered:
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1.1 Increase in Shale Gas Exploration
4.1.2 Increasing Investments in the Latest and Unconventional Drilling Technologies
4.2.1 Growing Demand for Electric Vehicles
4.2.2 Harmful Impact on Environment
4.3 Industry Value Chain Analysis
4.4 Porter’s Five Forces Analysis
5 MARKET SEGMENTATION
5.1 Additive Type
5.1.3 Synthetically Modified Natural
5.2.1 Drilling Fluid
5.2.2 Cement Slurry
6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share (%)/Ranking Analysis
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 BASF SE
6.4.3 Global Drilling Fluids and Chemicals Limited
6.4.5 Kemira OYJ
6.4.6 Newpark Resources Inc.
6.4.8 Schlumberger Limited
6.4.10 Tytan Organics Pvt. Ltd
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Advancements in Horizontal Drilling and Hydraulic Fracturing
7.2 Other Opportunities
For more information about this report visit https://www.researchandmarkets.com/r/muwjk9
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SOURCE: Research and Markets