In its latest report, ESOMAR-certified market research firm Future Market Insights offers an extensive study on the market for Weighing Agents. FMI provides a new study to elucidate the potential growth parameters of the Weighing Agents market. On the back of prevailing trends FMI presents a positive growth outlook.
The report is intended to present an unbiased analysis. It therefore offers incisive coverage on key market dynamics, including drivers, restraints, opportunities, and challenges. It also offers detailed information on Weighing Agents market structure. FMI’s in-house team for chemicals & materials sector gives valuable insights, validated with latest data. The report also gives access to extensive database that tracks existing and upcoming chemicals & materials trends and innovation in 100+ countries.
Weighing agents are the additives which are added to the drilling fluids to increase the fluid density, to control the formation pressure, to inhibit the formation caving and ease the pulling of dry pipe. Weighing agents are also under the name of weighting material or weighting material. Weighing agents are finely powdered solid. Simply put, the use of weighing agent is to overbalance the fluid pressure during drilling operation which helps in preventing the fluid from exerting the hydrostatic pressure on the exposed oil & gas reserves. There are different types of materials such as barite, hematite, calcium carbonate, siderite, Ilmenite, etc. which can be used as weighing agents. Weighing agent is used with all invert emulsion and water base drilling fluids.
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Impact of COVID-19 on Weighing Agents Market
The pandemic has placed an enormous strain on the chemicals & materials industry including its workforce, supply-chain, infrastructure, and market players. The first wave of COVID-19 that hit the regions across the globe, compelled the chemicals & materials industry to adapt and develop its infrastructure and innovate in a short period of time. Against this backdrop, FMI tracks the changes, improvement, profits and losses in the industry among the existing players as well as the new entrants within the industry.
The FMI’s recently published report presents detailed insights into the impact of COVID-19 on the Weighing Agents market and innovative strategies adopted by the market players to tackle the challenges encountered due to the pandemic.
Important Questions Answered in the Weighing Agents Market Report
- How will the Weighing Agents market expand through 2028?
- Which region is the most lucrative in the Weighing Agents market?
- What are the recent technological developments in the Weighing Agents market?
- What are key challenges and competition threats faced by Weighing Agents market players?
- Who are prominent players leading the Weighing Agents market?
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Weighing Agents Market: Key Segmentation
Extensive study of the geographical regions offers detailed insights on the market performance across major regions along with descriptive info graphics, datasets, and list of tables.
The global weighing agents market is segmented on the basis of product type:
- Barite API grade
- Hematite
- Attapulgite Clay
- Bentonite API Grade
- Marble Chips
- Calcium Carbonate
- Siderite
- Ilmenite
The global weighing agents market is segmented on the basis of application:
- Drilling
- Aqueous
- Non-aqueous
- Completion Fluids
- The global weighing agents market is segmented on the basis of end use:
- Onshore
- Offshore
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Weighing Agents Market: Competitive Evaluation
The FMI’s Weighing Agents market report provides a comprehensive analysis on key players operating in the Weighing Agents market. Some of the key players are:
Baroid Industrial Drilling Products, Schlumberger Limited, Elkem ASA, Halliburton, Global Drilling Fluids and Chemicals Limited, Baker Hughes, Carmeuse, Imdex Limited and Di-Corp among others.
With a detailed analysis on positioning of top companies across the globe, emerging players, strategic players and innovators, the FMI’s study presents the strengths, weaknesses, growth prospects and challenges of key players over the forecast period.