Global Spacer Fluid Market: Overview 

The energy and natural resources industry has experienced a rapid growth in the last few decades owing to its rising demands across all sectors globally. This industry is diverse, dynamic, and global in scale. 

Well drilling is a significant and inseparable part of this industry. Spacers play an important role during the process of well drilling and its completion. Drilling fluid and cement in the drilling devices are separated by spacers. The chances of acute gelatin or flocculationare increased during this process owing to their chemical incompatibility. Spacer fluids are then pumped down the drill string behind the drilling fluid but before pouring in cement slurry. A spacer fluid finds its usage in cementing operations and is needed to separate cement and drilling fluid. With the expansion of energy and natural resources industry, it is expected that spacer fluid will find increased usage. 

In an upcoming report, titled global spacer fluid market, Transparency Market Research aims to elaborate on every detail that is pertinent for businesses to thrive in the years to come. It extensively covers the key developments, challenges, trends, opportunities, competitive landscape, and geographical analysis. 

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Global Spacer Fluid Market: Notable Developments 

There have been few developments in this market. Global spacer fluid market has been impacted hugely by technology, like the many other aspects of well drilling activities. 

Introduction of nanotechnology in the energy and natural resources industry has ensured precision. As such, global spacer fluid market has also been made to go through a transformation with the advent of nanotechnology. 

In addition to that, novel latex spacer fluid was developed to improve the bond quality of various cementing surfaces. 

Some of the noted players that are operating in the global spacer fluid market are M&DIndustries of LA Inc., Baker Hughes Incorporated., Croda International PLC., Chevron Phillips Chemical Company, Halliburton, and AubinGroup. 

Global Spacer Fluid Market: Key Trends 

The global spacer fluid market has been characterized with the below-mentioned market trends:

 Shift in the Method of Drilling 

In the recent years, there has been shift in the method of drilling. From vertical drilling, the method has been changed to lateral/horizontal drilling. As a consequence, total drilled footage per well has increased. Such a move has resulted in the increased demand for space fluid. 

Several new wells have been constructed since the latter half of 2014 owing to innumerable hydraulic fractured wells. It was estimated that back in 2016, the method of hydraulic fracturing was used in 670,000 out of the 977,000 producing wellsand those were drilled horizontally. In the same year, the total drilled footage reached around 13 million feet out of which 10.7 million were were hydraulically fractured and horizontally drilled. The demand for spacer fluid increased manifold owing to such a shift in the drilling activities. 

Increase in the Lateral Lengths of Unconventional Wells 

In United States the lateral lengths of the unconventional wellsincreased from 2,500 feet to around 7,000 feet in the last few decades. Following the footsteps of United States, Argentina and China have also started to make investment in their unconventional fields. As such, spacer fluid is anticipated to experience increased demand over the period of forecast. 

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Increased Investment in Drilling Activities 

Furthermore, rising investments in activities such as drilling, production, and exploration are expected to bolster growth of the global spacer fluid market. In addition to that, quite a few upstream projects across the world are also forecasted to boost its growth. 

Global Spacer Fluid Market: Geographical Analysis 

The region of North America has experienced evolution of ample unconventional natural gas resources and tight oil. Thus an opportunity for economic growth has been generated across the region thereby improving its competitiveness in the world market for oil and gas industry. There has been increased consumption in the oil and oil-based products. Consequently, the market for drilling and unconventional fuels has expanded in this region.The average active rig has almost doubled over the last couple of years. As the United States plans to become an oil exporter by 2022, it is expected that the demand for space fluid would experience a surge in the years to come.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold 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.

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