A report on the Global Sulfonated Asphalt Market has been published by Contrive Datum Insights. The report provides clients with the latest trending insights into the Sulfonated Asphalt market. It can be seen that the report includes market value and growth rate, size, production consumption and gross margin, pricing and other influencing factors. Along with this, in the report, you will get detailed information about every distributor, supplier, and retailer in the market. The competitive scenarios of all industry players are mentioned in detail in the report. The pandemic has caused market participants to strategically change their business plans.
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Sulfonated asphalt is a modified sodium sulfonate compound. 75% soluble in water. It is used as a shale stabilizer in oil-based and water-based drilling fluids. Used as a drilling mud additive, it has the functions of preventing, slipping, blocking, collapsing, dragging, suppressing and reducing. A tough thin mud cake of sulfonated asphalt reinforces the sidewalls. It acts like clay shale, strengthening good walls by promoting quick sealing of cracks. Sulfonated bitumen reduces water loss during high pressure and high temperature processes and provides excellent lubricity to the solution. It is also used to prevent sticking and extend the life of the drill. Shaletone, Stabil Hole, Barisal, Ciround Asphalt, Sur-Actantf Treated ground Asphalt, Shale Fix are the main substitutes for sulfonated asphalt.
Rapid growth in drilling activities owing to surging investments in the value chain of the oil & gas industry is driving the demand for drilling fluids and lubricants. This, in turn, is expected to drive the sulfonated asphalt market over the forecast period.
The report also covers the complete competitive landscape of the worldwide market with company profiles of key players such as Edwards, Ilmvac, Pfeiffer vacuum, Thyracont vacuum instruments, Inficon, Mks instruments, Nor-cal products, Oerlikon leybold vacuum, Vacuubrand. Geographically, this market has been segmented into regions such as North America, Latin America, Europe, Asia Pacific and Rest of the World. The study details country-level aspects based on each segment and gives estimates in terms of market size.
Emerging economies such as China and India are expected to witness significant increase in demand for sulfonated asphalt due to increased government support by subsidizing oil and gas companies for superior production.
Shale gas exploration in Canada and the United States is on the rise in North America. Hence, the region is expected to dominate the global market. The market in Latin America is expected to expand at a significant rate over the forecast period owing to increasing drilling activities in countries such as Brazil and Venezuela.
Sulfonated Asphalt Market Segmentation:
By Type:
- Regular Sulphonated Asphalt
- Potassium Sulphonated Asphalt
- Other
By Applications:
- Drilling Fluid Emulsifier
- Drilling Fluid Lubricant
- Other
Frequently Asked Questions (FAQ):
- What is the growth rate predicted for the Global Sulfonated Asphalt Market?
- Who are the top performing companies in Sulfonated Asphalt Market?
- Which region dominated the worldwide market for Sulfonated Asphalt in 2022?
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