Construction Industry

  Market Synopsis The  Fluid Loss Additives Market  is projected to reach USD 380 million by 2030 from USD 320 million in 2021, at a CAGR of 3%. Market Dynamics Fluid loss additives are in high demand in drilling and well-repair activities all over the world, but especially in North America. The demand is growing since it lowers the loss of petroleum derivatives during drilling and transportation. The growth of the fluid loss additives market is being fueled by rising shale gas exploration and crude oil production. Multistage hydraulic fracturing of horizontal wells is one of the specialised technologies required for these activities. Various designed drilling fluids are used to keep the wellbore stable, pump pressure, avoid friction and corrosion, and remove and convey cuttings. Exploration for sources other than oil, such as shale gas, coal bed methane, and unconventional resources, has become possible because to technological advancements. Extensive search for non-oil sources such a

  Market Synopsis The  Fluid Loss Additives Market  size is projected to reach USD 380 million by 2030 from USD 320 million in 2021, at a CAGR of 3%. Market Dynamics Fluid loss additives are in high demand in drilling and well-repair activities all over the world, but especially in North America. The demand is growing since it lowers the loss of petroleum derivatives during drilling and transportation. The growth of the fluid loss additives market is being fueled by rising shale gas exploration and crude oil production. Multistage hydraulic fracturing of horizontal wells is one of the specialised technologies required for these activities. Various designed drilling fluids are used to keep the wellbore stable, pump pressure, avoid friction and corrosion, and remove and convey cuttings. Exploration for sources other than oil, such as shale gas, coal bed methane, and unconventional resources, has become possible because to technological advancements. Extensive search for non-oil sources s