Fluid Loss Additive Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Fluid Loss Additive Market is segmented by Type (Synthetic, Natural, and Synthetically Modified Natural), Application (Drilling Fluid, and Cement Slurry), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa).

Market Snapshot

 Fluid Loss Additive Market Overview
Study Period: 2016 - 2026
Base Year: 2021
Fastest Growing Market: North America
Largest Market: North America
CAGR: >3 %
 Fluid Loss Additive Market Key Players

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Market Overview

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.

Scope of the Report

The fluid loss additive market report includes:

Additive Type
Synthetic
Natural
Synthetically Modified Natural
Application
Drilling Fluid
Cement Slurry
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa

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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.
  • As the fluid loss additives play a key role in drilling and cementing of well, the rising crude and shale oil production is expected to boost the demand for these additives during the forecast period.
  • Evolution and adoption of advanced technologies allowed extensive exploration activities to be carried out for non-oil sources, such as coal bed methane, shale gas, and several other unconventional resources.
  • These exploration and production activities require advanced technologies, such as multi-stage hydraulic fracturing of horizontal wells. These tasks are accomplished with the help of different formulated drilling fluids that help in the maintenance of pump pressure and wellbore stable, and to avoid corrosion and friction.
  • Additionally, the increasing shale gas exploration in the United States is increasing drilling fluid applications, hence, driving the fluid loss additives market.
 Fluid Loss Additive Market Key Trends

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 United States is the largest producer of natural gas globally, and it has made hefty investments in unconventional drilling technologies, such as horizontal drilling and hydraulic fracturing, where fluid loss additives have a major role to play.
  • The rising exploration in shale oil and gas reserves led to higher consumption of higher volumes of fluid loss additives.
  • Advancements in horizontal drilling, hydraulic fracturing, availability of water for fracturing, and mineral rights licensing are some of the factors contributing to the swift development of crude oil reserves in the North American region.
  • In 2019, the natural gas production in the United States grew by 9.8 billion cubic feet per day (Bcf/d) in 2019, showing a 10% rise over gas produced in 2018.
  • The above-mentioned factors are expected to surge the consumption of fluid loss additives in North America during the forecast period.
 Fluid Loss Additive Market Growth by Region

Competitive Landscape

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.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Increase in Shale Gas Exploration

      2. 4.1.2 Increasing Investments in the Latest and Unconventional Drilling Technologies

    2. 4.2 Restraints

      1. 4.2.1 Growing Demand for Electric Vehicles

      2. 4.2.2 Harmful Impact on Environment

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Additive Type

      1. 5.1.1 Synthetic

      2. 5.1.2 Natural

      3. 5.1.3 Synthetically Modified Natural

    2. 5.2 Application

      1. 5.2.1 Drilling Fluid

      2. 5.2.2 Cement Slurry

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 Rest of Asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Canada

        3. 5.3.2.3 Mexico

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 United Kingdom

        3. 5.3.3.3 France

        4. 5.3.3.4 Italy

        5. 5.3.3.5 Rest of Europe

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle-East and Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share (%)/Ranking Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 BASF SE

      2. 6.4.2 Clariant

      3. 6.4.3 Global Drilling Fluids and Chemicals Limited

      4. 6.4.4 Halliburton

      5. 6.4.5 Kemira OYJ

      6. 6.4.6 Newpark Resources Inc.

      7. 6.4.7 Nouryon

      8. 6.4.8 Schlumberger Limited

      9. 6.4.9 Solvay

      10. 6.4.10 Tytan Organics Pvt. Ltd

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Advancements in Horizontal Drilling and Hydraulic Fracturing

    2. 7.2 Other Opportunities

**Subject to Availability

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Frequently Asked Questions

The Fluid Loss Additive Market market is studied from 2016 - 2026.

The Fluid Loss Additive Market is growing at a CAGR of >3% over the next 5 years.

North America is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2021.

Halliburton, Schlumberger Limited, Clariant, Solvay, Global Drilling Fluids & Chemicals Limited are the major companies operating in Fluid Loss Additive Market.

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