Global Fluid Loss Additives Market to Reach $667.6 Million by 2030
The global market for Fluid Loss Additives estimated at US$403.4 Million in the year 2023, is expected to reach US$667.6 Million by 2030, growing at a CAGR of 7.5% over the analysis period 2023-2030. Synthetically Modified Natural Additives, one of the segments analyzed in the report, is expected to record a 8.8% CAGR and reach US$331.1 Million by the end of the analysis period. Growth in the Synthetic Additives segment is estimated at 7.2% CAGR for the next 7-year period.
The U.S. Market is Estimated at $106 Million, While China is Forecast to Grow at 11.1% CAGR
The Fluid Loss Additives market in the U.S. is estimated at US$106 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$161.9 Million by the year 2030 trailing a CAGR of 11.1% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.1% and 6.8% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 4.8% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$95.2 Million by the year 2030.
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