Asia Pacific Fluid Loss Additives Market Report

Asia Pacific Fluid Loss Additives Market Report, By Types (Synthetically Modified Natural Additives, Synthetic Additives, Natural Additive), Applications (Drilling Fluids, Cement slurry), Asia Pacific Market Share, Trend Analysis & Forecast , 2019 - 2028

Report Code : 10913 | Publish Date : Upcoming | Industry : Chemicals_Materials | Geography : APAC


Fluid loss additives, widely known as filtrate reduction agents, are the chemical additives employed to regulate fluids that move through a porous zone created in the trenching and well-operating systems. These additives are employed for maintaining a constant water/solid ratio in cement slurries downhole by controlling the rate of water loss as loss of fluids leads to significant alteration in set time, viscosity, displacement of mud and low comprehensive force. Also, these additives have low solubility in hydrocarbons and minimum plastic flow in all grades and impart excellent filtrate control in oil based drilling fluid systems. Fluid loss control additives are available in various special grades, including LGT, MGT and HGT.

Market Outlook: Asia Pacific Fluid Loss Additives Market 

Asia Pacific is anticipated to witness a lucrative growth over the forecast period (2021-2027) owing to rapid industrialization and expansion of oil and gas industry. The increasing oil and gas exploration activities in the region is adding fuel to the market growth. Also, the countries like India and China have increased the oil production. Moreover, the increasing focus on deep and ultra-deep water drilling is contributing to the market growth. However, the growing demand for electric vehicles would restrict the crude oil production and hamper the market growth.

COVID19 Impact On Asia Pacific Fluid Loss Additives Market

The outburst of COVID 19 had a significant impact on many market including fluid loss additive market. The rising COVID cases in the region, especially in India and China forced the government to impose lockdown. This halted the drilling activities which decreased the demand for fluid loss additives. Also, the various stringent rules imposed led to the break in supply chain and also reduced the production due to temporary closure of the industries.  Moreover, the overall economic loss also had a significant impact on the market.


Asia Pacific Fluid Loss Additives Market Segmental Analysis

The fluid loss additives market in Asia Pacific is segmented based upon the types and applications

Asia Pacific Fluid Loss Additives Market Based On Types

Based on types, the market in Asia Pacific is segmented into synthetically modified natural additives, synthetic additives and natural additives. Among these, the synthetically modified natural additives segment holds the largest share in the market and is anticipated to register highest growth over the forecast period owing to its high demand due to its high performance at extreme conditions including high temperatures and pressure. The chemical formulations and alterations in the synthetically modified natural additives allows it to withstand the extreme conditions.

Asia Pacific Fluid Loss Additives Market Based On Applications

Based on applications, the market in Asia Pacific is segmented into drilling fluids and cement slurry. Among these, the drilling fluid segment holds the largest market share owing to increasing drilling activities. The increasing exploration activities and crude oil production is driving the segment growth.

Asia Pacific Fluid Loss Additives Market Based On Countries

The various countries studied across the Asian region are China, India, Japan, Australia. The China and India is witnessed to show lucrative growth over the forecast period. The increasing drilling activities and demand for crude oil as a primary source of energy in China is driving the market. Also, in India, the increasing offshore drilling activities in the region is adding fuel to the market growth.

Asia Pacific Fluid Loss Additives Market Key Players

The various key players in the region are Schlumberger Limited, BASF SE, Halliburton, Newpark Resources Inc., Clariant, Solvay, Nouryon, Global Drilling Fluids and Chemicals Limited, Tytan Organics Pvt. Ltd, Kemira OYJ, The Dow Chemical Company, Omnova Solutions, Chevron Phillips Chemical Company, Innospec, Ashland, Universal Drilling Fluids, Sekisui Specialty Chemicals America.

Fluid loss additives, widely known as filtrate reduction agents, are the chemical additives employed to regulate fluids that move through a porous zone created in the trenching and well-operating systems. These additives are employed for maintaining a constant water/solid ratio in cement slurries downhole by controlling the rate of water loss as loss of fluids leads to significant alteration in set time, viscosity, displacement of mud and low comprehensive force. Asia Pacific is anticipated to witness a lucrative growth over the forecast period (2021-2027) owing to rapid industrialization and expansion of oil and gas industry. The increasing oil and gas exploration activities in the region is adding fuel to the market growth. Also, the countries like India and China have increased the oil production.

Based on types, the market in Asia Pacific is segmented into synthetically modified natural additives, synthetic additives and natural additives. Among these, the synthetically modified natural additives segment holds the largest share in the market and is anticipated to register highest growth over the forecast period. The chemical formulations and alterations in the synthetically modified natural additives allows it to withstand the extreme conditions. Based on applications, the market in Asia Pacific is segmented into drilling fluids and cement slurry. Among these, the drilling fluid segment holds the largest market share owing to increasing drilling activities. The various countries studied across the Asian region are China, India, Japan, Australia. The China and India is witnessed to show lucrative growth over the forecast period.

The various key players in the region are Schlumberger Limited, BASF SE, Halliburton, Newpark Resources Inc., Clariant, Solvay, Nouryon, Global Drilling Fluids and Chemicals Limited, Tytan Organics Pvt. Ltd, Kemira OYJ, The Dow Chemical Company, Omnova Solutions.

Why to buy this report:

  • The report offers changing market dynamics in the Asia Pacific fluid loss additives market industry, presenting historical, current and projected market size in terms of value (USD Million)
  • The research study provides an in-depth analysis of the industry value chain focusing on the peer and parent markets of the Asia Pacific fluid loss additives market
  • It presents a comprehensive assessment of geographical regions exhibiting promising growth, potential and niche segments and a neutral perspective of the Asia Pacific fluid loss additives market performance
  • The report also offers strategic recommendations in key business segments based on the market estimations and competitive landscape, mapping the key common trends of Asia Pacific fluid loss additives market