Global Fluid Loss Additives Market Report and Forecast 2024-2032

Global Fluid Loss Additives Market Outlook

The global fluid loss additives market attained a value of USD 357.76 million in 2023. The industry is further expected to grow in the forecast period of 2024-2032 at a CAGR of 4.5%.

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The fluid loss additives market is being driven by the increasing production of crude oil and the exploration of shale gas, globally. While North America leads the industry, the Asia Pacific is emerging as a significant market for the product. The US is the largest producer of crude oil and is providing a further boost to the fluid loss additives industry in North America due to the rising shale gas exploration in the region.

Market Segmentation

Fluid loss additives help in reducing water loss by cement filter cake, making it useful in squeeze cementing. It is widely used in drilling fluid and cement slurry. The various types of fluid loss additives include:

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• Synthetically Modified Natural Additives  
• Synthetic Additives
• Natural Additives

The EMR report looks into the regional fluid loss additives markets like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.

Market Analysis

The global fluid loss additives market is being driven by the rising demand for drilling fluids and cement slurry. The increasing production of crude oil further aids the industry. The technological developments, enabling the exploration of various sources, such as coal bed methane or shale gas, is another factor fuelling the demand for the product. The lucrative growth opportunities offered by different countries like India, China, the US, and Germany is adding to the growth of the industry. Synthetically modified natural additives segment is expected to grow at a faster rate due to its high demand. North America dominates the market owing to increased shale gas exploration and considerable investments in unconventional drilling technologies in the US.

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Competitive Landscape

The report presents a detailed analysis of the following key players in the global fluid loss additives market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• Halliburton Energy Services, Inc.
• Nouryon Chemicals Holding B.V.
• Newpark Resources Inc.
• Kemira Oyj (HEL: KEMIRA)
• Clariant AG
• Solvay    
• Tytan Organics Pvt. Ltd.  
• Others

The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s five forces.

Key Highlights of the Report