Fluid Loss Additives Market: Overview
The water content of slurries substantially affects their design characteristics. As such, slurries that suffer the loss of water can also be subjected to degradation or loss of design properties of slurries. Fluid loss can be induced due to any of the following conditions:
- Water is withdrawn from the slurry into a permeable formation, particularly when pumping has stopped and the slurry is static in nature though not set yet
- Squeezing or displacing water from the slurry as it makes its way through constrictions, such as tight clearance between the annulus and casing
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Fluid loss additives assist operators to hold back the vital properties of their cement slurries, comprising density, thickening time, viscosity, and compressive strength development.
Transparency Market Research has come up with a report on Global Fluid Loss Additives Market. Transparency Market Research provides a valuable understanding of emerging as well as existing market restraints, opportunities, drivers, and trends. All these data are forecasted to be advantageous for any business connected with the global fluid loss market in the coming years.
Fluid Loss Additives Market: Notable Developments
US-based Schlumberger Limited (US) has a global presence and operates in around 85 countries with 125 engineering and research facilities across the globe. It offers a wide variety of products that can be utilized in applications such as oil & gas processing and drilling production. Schlumberger Limited is highly focused on innovation and research. For example, in the year 2017, the company invested around USD 800 mn in research and engineering of oilfield activities.
BASF SE recently has started the sale process for its construction chemical wing. It is expected that the sell-off could fetch around USD 3 bn.
The prominent market players mentioned in the report of global fluid loss additives market comprise names such as Global Drilling Fluid and Chemicals Limited, Schlumberger Limited, Newpark Resources Inc., Halliburton, and BASF SE.
Fluid Loss Additives Market: Key Trends
The global fluid loss additives market is evolving at a rapid pace and is estimated to witness introduction of many innovative products. The major trends are as follows:
Fluid Loss Additives Market to Gain Traction from Increased Exploration Activities
Rising exploration of shale gas and production of crude oil are the primary factors that are fueling the growth of the global fluid loss additives market. Evolution and development of technology have allowed extensive exploration activities to be carried out for non-oil sources, such as coal bed methane, shale gas, and various unconventional resources. These exploration and production activities need advanced technologies such as multi-stage hydraulic fracturing of horizontal wells. These tasks are accomplished with the assistance of different formulated drilling fluids that help in the maintenance of pump pressure, wellbore stable, avoid corrosion and friction and eliminate & transport cuttings.
The segment of drilling fluid is anticipated to offer the optimum usage of fluid loss additives over the forecast timeframe.
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Fluid Loss Additives Market: Geographical Analysis
Global fluid loss additives market analyzes across the regions of North America, South America, Europe, Middle East and Africa and Asia Pacific. In terms of value, North America is estimated to account for the largest market share in global fluid loss additives market over the period of forecast.
US is one of the largest producers of crude oil has made huge investments in the latest and unconventional drilling technologies. Methods such as hydraulic fracturing and horizontal drilling have been used extensively and these technologies require the usage of fluid loss additives. As such, US plays an important in driving fluid loss additives market here.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.