The Fluid Loss Additives research report published by Stratview Research, is an in-depth analysis of the latest developments, market size, future technologies, market drivers, upcoming challenges, with key company profiles. The research study provides market overview, opportunities in the market, sales and revenue by region and much more business intel.
This research analyses niche markets, potential threats, and competitive strategy in various segments based on the Fluid Loss Additives Market competitive landscape and development model in various parts of the world. This research throws light on the business strategies of the key players that might help in the growth of other companies during the pandemic era.
Impact of COVID-19 on Fluid Loss Additives Market
As the world grapples with one of its greatest health pandemic, the economic and social disruption has affected millions of enterprises. The revenues have gone down in the year 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition. Stratview Research throws light on in-depth insights related to rapid alterations in the key players in each industry, growth and decline due to COVID-19, etc. The researchers at Stratview Research are regularly connecting with the clients and other key players of almost all the industries, regarding the impact of COVID-19 on their businesses.
Key Players:
- Schlumberger Limited
- BASF SE
- Halliburton
- Newpark Resources Inc.
- Clariant
- Solvay
- Nouryon
- Global Drilling Fluids and Chemicals Limited
- Tytan Organics Pvt. Ltd.
- Kemira OYJ
Growth drivers and Market Value:
This report, from Stratview Research Fluid Loss Additives Market value and growth drivers over the trend period of 2020-25. According to the report -
Fluid Loss Additives market is likely to witness a healthy CAGR of 3.4% during the forecast period. Increasing shale gas exploration and crude oil production is attributed as the major driver contributing to the demand for fluid loss additives. In addition, as these activities require ultra-modern technologies such as multistage hydraulic fracturing of horizontal wells, they are carried out with the support of various formulated drilling fluids that aid to maintain wellbore stable, pump pressure, circumvent friction and corrosion and remove & transport cuttings.
Segment Analysis:
By Application Type
Based on the application type, the fluid loss additives market is segmented as drilling fluid and cement slurry. The drilling fluid segment dominates the market as fluid loss additives are used to avoid loss of filtrate during well drilling, and as the demand for crude oil is increasing the drilling activities are also rising, which are propelling the growth of the segment during the forecast period.
By Region
In terms of regions, North America is estimated to be the largest as well as fastest-growing market for fluid loss additives during the forecast period, as the US is one of the largest producers of crude oil and have made heavy investments in unconventional drilling technologies such as horizontal drilling and hydraulic fracturing where fluid loss additives play a major role. Increasing shale gas exploration in the US is also expected to offer substantial growth opportunities during the forecast period.
Competitive Analysis: Understanding your rivalry is critical to your success. This section includes an analysis of your key competitors, their products/services, their differentiators, and market shares, etc.
Target Market and Audience: Identifying and prioritizing specific target markets is another key part of any industry, where research is crucial. Stratview Research’s report will help you find more about the demographics and buying behaviours of your potential customers.
Key Considerations for Market Forecast:
- Impact of lockdown, supply chain disruptions.
- Pre and post-COVID-19 market estimates
- Geographical Breakdown: Regional level analysis of the market, currently covering North America, Europe, China & Japan
Impact of COVID-19 on the Global Market
The Fluid Loss Additives report compiled by Stratview Research offers in-depth study of market opportunities and market impact that are stirred due to the COVID-19 pandemic. The detailed research report focuses upon the direct and indirect impact of COVID-19 with new product launches, M&As, supply chain overview, government regulations, strategies adopted by related market, etc.
Sneak peek into the Report:
The report provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- Market forecast analysis
- Competitive landscape and dynamics: Market share, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends & Key success factors
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