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Asia-Pacific Drilling and Completion Fluids Market, By Well Type (HPHT, Conventional); By Fluid System (Water-based system, Oil-based system, Synthetic-based system); By Application (Onshore, Offshore); By Country (China, India, Japan, South Korea, Indone

Publisher BlueWeave Consulting
Published Oct 20, 2023
Length 200 Pages
SKU # BLWC18285451

Description

Asia-Pacific Drilling and Completion Fluids Market, By Well Type (HPHT, Conventional); By Fluid System (Water-based system, Oil-based system, Synthetic-based system); By Application (Onshore, Offshore); By Country (China, India, Japan, South Korea, Indonesia, Vietnam, Malaysia, Rest of Asia Pacific), Trend Analysis, Competitive Landscape & Forecast, 2019–2029


Asia-Pacific Drilling and Completion Fluids Market Size Grows at CAGR of 6.25% to Touch USD 2.6 Billion by 2029

Asia-Pacific drilling and completion fluids market is flourishing because of an increasing demand for oil and gas and growing number of exploration and production (E&P) activities.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the Asia-Pacific drilling and completion fluids market size at USD 1.8 billion in 2022. During the forecast period between 2023 and 2029, BlueWeave expects the Asia-Pacific drilling and completion fluids market size to grow at a CAGR of 6.25% reaching a value of USD 2.59 billion by 2029. Major growth drivers for the Asia-Pacific drilling and completion fluids market include an increasing energy requirement, a growing population, and the exploration of fresh shale deposits. Notably, the rising energy demand driven by economic growth, coupled with the exploration of unconventional resources like shale gas and tight oil, fuels the demand for specialized drilling and completion fluids. Continuous technological advancements in drilling techniques and fluid formulations enhance operational efficiency, attracting investments and fostering market expansion. Also, the expansion of offshore drilling activities, stringent environmental regulations, and the complexity of oil and gas reservoirs in the region are additional factors driving the need for tailored fluid solutions. As economic growth and infrastructure development projects increase energy consumption, the market for drilling fluids experiences a corresponding upsurge. Investments in research and development, alongside global energy trends and their impact on oil and gas demand, collectively shape the Asia-Pacific drilling and completion fluids market's dynamics.

Asia-Pacific Drilling and Completion Fluids Market – Overview

Asia-Pacific drilling and completion fluids market refers to the regional sector within the oil and gas industry, specifically in the Asia-Pacific region, that involves the exploration and production of hydrocarbons. This market segment is primarily focused on the development and use of specialized fluids, known as drilling and completion fluids, which play crucial roles in the drilling and completion processes of oil and gas wells. These fluids serve various purposes, such as lubrication, cooling, wellbore stability, and reservoir protection, throughout the drilling and completion operations. The Asia-Pacific region's unique geological characteristics and extensive oil and gas reserves make it a significant and dynamic market for drilling and completion fluids, with key players and innovations driving its growth and evolution.

Impact of COVID-19 on Asia-Pacific Drilling and Completion Fluids Market

COVID-19 pandemic adversely affected the Asia-Pacific drilling and completion fluids market. It led to a slowdown in drilling and exploration activities as companies faced operational disruptions, logistical challenges, and reduced workforce availability due to lockdowns and safety protocols. Decreased oil prices and uncertainty in the energy sector also influenced reduced investment in drilling operations. This decline in drilling activity, coupled with the postponement of projects, affected the demand for drilling and completion fluids. However, as the region gradually recovers, the market is expected to rebound, driven by the resumption of drilling activities and the ongoing energy demand in the Asia-Pacific region.

Asia-Pacific Drilling and Completion Fluids Market – By Application

On the basis of application, the Asia-Pacific drilling and completion fluids market is split into Onshore and Offshore segments. The onshore segment is expected to witness growth at a faster rate in the market by application during the forecast period. Onshore drilling is generally more cost-effective and logistically simpler compared to offshore operations. Also, the Asia-Pacific region has extensive onshore oil and gas reserves that are increasingly being explored and tapped into. As energy demand continues to rise, particularly in rapidly developing economies within the region, the demand for onshore drilling and completion fluids is expected to surge. This growing focus on onshore exploration and production activities is driving the robust growth of the onshore segment in the Asia-Pacific drilling and completion fluids market.

Competitive Landscape

Major players operating in the Asia-Pacific drilling and completion fluids market include Scomi Group Bhd, Triton Energy Ltd, Secure Energy Services Inc, Baker Hughes Company, Newpark Resources Inc, Schlumberger Limited, Halliburton Company, NOV Inc, Tetra Technologies Inc, China Oilfield Services Limited, CNOOC Limited, Petronas Carigali Sdn Bhd, PT Pertamina Hulu Energi, ONGC Videsh Limited, and Oil India Limited. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Asia-Pacific Drilling and Completion Fluids Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Asia-Pacific Drilling and Completion Fluids Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

Table of Contents

200 Pages
1. Research Framework
1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation
2. Executive Summary
3. Asia-Pacific Drilling and Completion Fluids Market Insights
3.1. Technology Value Chain Analysis
3.2. DROC Analysis
3.2.1. Growth Drivers
3.2.1.1. Increasing demand for oil and gas
3.2.1.2. Growing number of E&P activities
3.2.2. Restraints
3.2.2.1. High cost of drilling and completion fluids
3.2.2.2. Environmental regulations
3.2.3. Opportunities
3.2.3.1. New technologies
3.2.4. Challenges
3.2.4.1. Rising costs
3.3. Technological Advancements/Recent Developments
3.4. Regulatory Framework
3.5. Porter’s Five Forces Analysis
3.5.1. Bargaining Power of Suppliers
3.5.2. Bargaining Power of Buyers
3.5.3. Threat of New Entrants
3.5.4. Threat of Substitutes
3.5.5. Intensity of Rivalry
4. Asia-Pacific Drilling and Completion Fluids Market Overview
4.1. Market Size & Forecast by Value, 2019–2029
4.1.1. By Value (USD Billion)
4.2. Market Share & Forecast
4.2.1. By Well Type
4.2.1.1. HPHT
4.2.1.2. Conventional
4.2.2. By Fluid System
4.2.2.1. Water-based system
4.2.2.2. Oil-based system
4.2.2.3. Synthetic-based system
4.2.2.4. Others
4.2.3. By Application
4.2.3.1. Onshore
4.2.3.2. Offshore
4.2.4. By Country
4.2.4.1. China
4.2.4.2. India
4.2.4.3. Japan
4.2.4.4. South Korea
4.2.4.5. Australia & New Zealand
4.2.4.6. Indonesia
4.2.4.7. Malaysia
4.2.4.8. Singapore
4.2.4.9. Vietnam
4.2.4.10. Rest of APAC
5. China Drilling and Completion Fluids Market Overview
5.1. Market Size & Forecast by Value, 2019–2029
5.1.1. By Value (USD Billion)
5.2. Market Share & Forecast
5.2.1. By Well Type
5.2.2. By Fluid System
5.2.3. By Application
6. India Drilling and Completion Fluids Market Overview
6.1. Market Size & Forecast by Value, 2019–2029
6.1.1. By Value (USD Billion)
6.2. Market Share & Forecast
6.2.1. By Well Type
6.2.2. By Fluid System
6.2.3. By Application
7. Japan Drilling and Completion Fluids Market Overview
7.1. Market Size & Forecast by Value, 2019–2029
7.1.1. By Value (USD Billion)
7.2. Market Share & Forecast
7.2.1. By Well Type
7.2.2. By Fluid System
7.2.3. By Application
8. South Korea Drilling and Completion Fluids Market Overview
8.1. Market Size & Forecast by Value, 2019–2029
8.1.1. By Value (USD Billion)
8.2. Market Share & Forecast
8.2.1. By Well Type
8.2.2. By Fluid System
8.2.3. By Application
9. Australia & New Zealand Drilling and Completion Fluids Market Overview
9.1. Market Size & Forecast by Value, 2019–2029
9.1.1. By Value (USD Billion)
9.2. Market Share & Forecast
9.2.1. By Well Type
9.2.2. By Fluid System
9.2.3. By Application
10. Indonesia Drilling and Completion Fluids Market Overview
10.1. Market Size & Forecast by Value, 2019–2029
10.1.1. By Value (USD Billion)
10.2. Market Share & Forecast
10.2.1. By Well Type
10.2.2. By Fluid System
10.2.3. By Application
11. Malaysia Drilling and Completion Fluids Market Overview
11.1. Market Size & Forecast by Value, 2019–2029
11.1.1. By Value (USD Billion)
11.2. Market Share & Forecast
11.2.1. By Well Type
11.2.2. By Fluid System
11.2.3. By Application
12. Singapore Drilling and Completion Fluids Market Overview
12.1. Market Size & Forecast by Value, 2019–2029
12.1.1. By Value (USD Billion)
12.2. Market Share & Forecast
12.2.1. By Well Type
12.2.2. By Fluid System
12.2.3. By Application
13. Vietnam Drilling and Completion Fluids Market Overview
13.1. Market Size & Forecast by Value, 2019–2029
13.1.1. By Value (USD Billion)
13.2. Market Share & Forecast
13.2.1. By Well Type
13.2.2. By Fluid System
13.2.3. By Application
14. Rest of Asia-Pacific Drilling and Completion Fluids Market Overview
14.1. Market Size & Forecast by Value, 2019–2029
14.1.1. By Value (USD Billion)
14.2. Market Share & Forecast
14.2.1. By Well Type
14.2.2. By Fluid System
14.2.3. By Application
15. Competitive Landscape
15.1. List of Key Players and Their Offerings
15.2. Asia-Pacific Drilling and Completion Fluids Company Market Share Analysis, 2022
15.3. Competitive Benchmarking, By Operating Parameters
15.4. Key Strategic Development (Mergers, Acquisitions, Partnerships, etc.)
16. Impact of Covid-19 on Asia-Pacific Drilling and Completion Fluids Market
17. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook)
17.1. Scomi Group Bhd
17.2. Triton Energy Ltd
17.3. Secure Energy Services Inc
17.4. Baker Hughes Company
17.5. Newpark Resources Inc
17.6. Schlumberger Limited
17.7. Halliburton Company
17.8. NOV Inc
17.9. Tetra Technologies, Inc
17.10. China Oilfield Services Limited
17.11. CNOOC Limited
17.12. Petronas Carigali Sdn Bhd
17.13. PT Pertamina Hulu Energi
17.14. ONGC Videsh Limited
17.15. Oil India Limited
17.16. Other Prominent Players
18. Key Strategic Recommendations
19. Research Methodology
19.1. Qualitative Research
19.1.1. Primary & Secondary Research
19.2. Quantitative Research
19.3. Market Breakdown & Data Triangulation
19.3.1. Secondary Research
19.3.2. Primary Research
19.4. Breakdown of Primary Research Respondents, By Country
19.5. Assumption & Limitation
*Financial information of non-listed companies will be provided as per availability
**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable
List of Figures
Figure 1 Asia-Pacific Drilling and Completion Fluids Market Segmentation
Figure 2 Asia-Pacific Drilling and Completion Fluids Value Chain Analysis
Figure 3 Company Market Share Analysis, 2022
Figure 4 Asia-Pacific Drilling and Completion Fluids Market Size, By Value (USD Billion), 2019–2029
Figure 5 Asia-Pacific Drilling and Completion Fluids Market Share, By Well Type, By Value, 2019–2029
Figure 7 Asia-Pacific Drilling and Completion Fluids Share, By Fluid System, By Value, 2019–2029
Figure 8 Asia-Pacific Drilling and Completion Fluids Market Share, By Application, By Value, 2019–2029
Figure 9 Asia-Pacific Drilling and Completion Fluids Market Share, By Country, By Value, 2019–2029
Figure 10 China Drilling and Completion Fluids Market Size, By Value (USD Billion), 2019–2029
Figure 11 China Drilling and Completion Fluids Market Share, By Well Type, By Value, 2019–2029
Figure 12 China Drilling and Completion Fluids Market Share, By Fluid System, By Value, 2019–2029
Figure 13 China Drilling and Completion Fluids Market Share, By Application, By Value, 2019–2029
Figure 14 India Drilling and Completion Fluids Market Size, By Value (USD Billion), 2019–2029
Figure 15 India Drilling and Completion Fluids Market Share, By Well Type, By Value, 2019–2029
Figure 16 India Drilling and Completion Fluids Market Share, By Fluid System, By Value, 2019–2029
Figure 17 India Drilling and Completion Fluids Market Share, By Application, By Value, 2019–2029
Figure 18 Japan Drilling and Completion Fluids Market Size, By Value (USD Billion), 2019–2029
Figure 19 Japan Drilling and Completion Fluids Market Share, By Well Type, By Value, 2019–2029
Figure 20 Japan Drilling and Completion Fluids Market Share, By Fluid System, By Value, 2019–2029
Figure 21 Japan Drilling and Completion Fluids Market Share, By Application, By Value, 2019–2029
Figure 22 South Korea Drilling and Completion Fluids Market Size, By Value (USD Billion), 2019–2029
Figure 23 South Korea Drilling and Completion Fluids Market Share, By Well Type, By Value, 2019–2029
Figure 24 South Korea Drilling and Completion Fluids Market Share, By Fluid System, By Value, 2019–2029
Figure 25 South Korea Drilling and Completion Fluids Market Share, By Application, By Value, 2019–2029
Figure 26 Australia & New Zealand Drilling and Completion Fluids Market Size, By Value (USD Billion), 2019–2029
Figure 27 Australia & New Zealand Drilling and Completion Fluids Market Share, By Well Type, By Value, 2019–2029
Figure 28 Australia & New Zealand Drilling and Completion Fluids Market Share, By Fluid System, By Value, 2019–2029
Figure 29 Australia & New Zealand Drilling and Completion Fluids Market Share, By Application, By Value, 2019–2029
Figure 30 Indonesia Drilling and Completion Fluids Market Size, By Value (USD Billion), 2019–2029
Figure 31 Indonesia Drilling and Completion Fluids Market Share, By Well Type, By Value, 2019–2029
Figure 32 Indonesia Drilling and Completion Fluids Market Share, By Fluid System, By Value, 2019–2029
Figure 33 Indonesia Drilling and Completion Fluids Market Share, By Application, By Value, 2019–2029
Figure 34 Malaysia Drilling and Completion Fluids Market Size, By Value (USD Billion), 2019–2029
Figure 35 Malaysia Drilling and Completion Fluids Market Share, By Well Type, By Value, 2019–2029
Figure 36 Malaysia Drilling and Completion Fluids Market Share, By Fluid System, By Value, 2019–2029
Figure 37 Malaysia Drilling and Completion Fluids Market Share, By Application, By Value, 2019–2029
Figure 38 Singapore Drilling and Completion Fluids Market Size, By Value (USD Billion), 2019–2029
Figure 39 Singapore Drilling and Completion Fluids Market Share, By Well Type, By Value, 2019–2029
Figure 40 Singapore Drilling and Completion Fluids Market Share, By Fluid System, By Value, 2019–2029
Figure 41 Singapore Drilling and Completion Fluids Market Share, By Application, By Value, 2019–2029
Figure 42 Philippines Drilling and Completion Fluids Market Size, By Value (USD Billion), 2019–2029
Figure 43 Philippines Drilling and Completion Fluids Market Share, By Well Type, By Value, 2019–2029
Figure 44 Philippines Drilling and Completion Fluids Market Share, By Fluid System, By Value, 2019–2029
Figure 45 Philippines Drilling and Completion Fluids Market Share, By Application, By Value, 2019–2029
Figure 46 Vietnam Drilling and Completion Fluids Market Size, By Value (USD Billion), 2019–2029
Figure 47 Vietnam Drilling and Completion Fluids Market Share, By Well Type, By Value, 2019–2029
Figure 48 Vietnam Drilling and Completion Fluids Market Share, By Fluid System, By Value, 2019–2029
Figure 49 Vietnam Drilling and Completion Fluids Market Share, By Application, By Value, 2019–2029
Figure 50 Rest of Asia-Pacific Drilling and Completion Fluids Market Size, By Value (USD Billion), 2019–2029
Figure 51 Rest of Asia-Pacific Drilling and Completion Fluids Market Share, By Well Type, By Value, 2019–2029
Figure 52 Rest of Asia-Pacific Drilling and Completion Fluids Market Share, By Fluid System, By Value, 2019–2029
Figure 53 Rest of Asia-Pacific Drilling and Completion Fluids Market Share, By Application, By Value, 2019–2029
List of Tables
Table 1 Asia-Pacific Drilling and Completion Fluids Market Size, By Well Type, By Value, 2019–2029
Table 2 Asia-Pacific Drilling and Completion Fluids Market Size, By Fluid System, By Value, 2019–2029
Table 3 Asia-Pacific Drilling and Completion Fluids Market Size, By Application, By Value, 2019–2029
Table 4 Asia-Pacific Drilling and Completion Fluids Market Size, By Well Type, By Value, 2019–2029
Table 5 Asia-Pacific Drilling and Completion Fluids Market Size, By Fluid System, By Value, 2019–2029
Table 6 Asia-Pacific Drilling and Completion Fluids Market Size, By Application, By Value, 2019–2029
Table 7 Asia-Pacific Drilling and Completion Fluids Market Size, By Country, By Value, 2019–2029
Table 8 China Drilling and Completion Fluids Market Size, By Well Type, By Value, 2019–2029
Table 9 China Drilling and Completion Fluids Market Size, By Fluid System, By Value, 2019–2029
Table 10 China Drilling and Completion Fluids Market Size, By Application, By Value, 2019–2029
Table 11 India Drilling and Completion Fluids Market Size, By Well Type, By Value, 2019–2029
Table 12 India Drilling and Completion Fluids Market Size, By Fluid System, By Value, 2019–2029
Table 13 India Drilling and Completion Fluids Market Size, By Application, By Value, 2019–2029
Table 14 Japan Drilling and Completion Fluids Market Size, By Well Type, By Value, 2019–2029
Table 15 Japan Drilling and Completion Fluids Market Size, By Fluid System, By Value, 2019–2029
Table 16 Japan Drilling and Completion Fluids Market Size, By Application, By Value, 2019–2029
Table 17 South Korea Drilling and Completion Fluids Market Size, By Well Type, By Value, 2019–2029
Table 18 South Korea Drilling and Completion Fluids Market Size, By Fluid System, By Value, 2019–2029
Table 19 South Korea Drilling and Completion Fluids Market Size, By Application, By Value, 2019–2029
Table 20 Australia & New Zealand Drilling and Completion Fluids Market Size, By Well Type, By Value, 2019–2029
Table 21 Australia & New Zealand Drilling and Completion Fluids Market Size, By Fluid System, By Value, 2019–2029
Table 22 Australia & New Zealand Drilling and Completion Fluids Market Size, By Application, By Value, 2019–2029
Table 23 Indonesia Drilling and Completion Fluids Market Size, By Well Type, By Value, 2019–2029
Table 24 Indonesia Drilling and Completion Fluids Market Size, By Fluid System, By Value, 2019–2029
Table 25 Indonesia Drilling and Completion Fluids Market Size, By Application, By Value, 2019–2029
Table 26 Malaysia Drilling and Completion Fluids Market Size, By Well Type, By Value, 2019–2029
Table 27 Malaysia Drilling and Completion Fluids Market Size, By Fluid System, By Value, 2019–2029
Table 28 Malaysia Drilling and Completion Fluids Market Size, By Application, By Value, 2019–2029
Table 29 Singapore Drilling and Completion Fluids Market Size, By Well Type, By Value, 2019–2029
Table 30 Singapore Drilling and Completion Fluids Market Size, By Fluid System, By Value, 2019–2029
Table 31 Singapore Drilling and Completion Fluids Market Size, By Application, By Value, 2019–2029
Table 32 Philippines Drilling and Completion Fluids Market Size, By Well Type, By Value, 2019–2029
Table 33 Philippines Drilling and Completion Fluids Market Size, By Fluid System, By Value, 2019–2029
Table 34 Philippines Drilling and Completion Fluids Market Size, By Application, By Value, 2019–2029
Table 35 Vietnam Drilling and Completion Fluids Market Size, By Well Type, By Value, 2019–2029
Table 36 Vietnam Drilling and Completion Fluids Market Size, By Fluid System, By Value, 2019–2029
Table 37 Vietnam Drilling and Completion Fluids Market Size, By Application, By Value, 2019–2029
Table 38 Rest of Asia-Pacific Drilling and Completion Fluids Market Size, By Well Type, By Value, 2019–2029
Table 39 Rest of Asia-Pacific Drilling and Completion Fluids Market Size, By Fluid System, By Value, 2019–2029
Table 40 Rest of Asia-Pacific Drilling and Completion Fluids Market Size, By Application, By Value, 2019–2029
Table 41 Scomi Group Bhd Company Overview
Table 42 Scomi Group Bhd Financial Overview
Table 43 Triton Energy Ltd Company Overview
Table 44 Triton Energy Ltd Financial Overview
Table 45 Secure Energy Services Inc Company Overview
Table 46 Secure Energy Services Inc Financial Overview
Table 47 Baker Hughes Company Overview
Table 48 Baker Hughes Company Financial Overview
Table 49 Newpark Resources Inc Company Overview
Table 50 Newpark Resources Inc Financial Overview
Table 51 Schlumberger Limited Company Overview
Table 52 Schlumberger Limited Financial Overview
Table 53 Halliburton Company Overview
Table 54 Halliburton Company Financial Overview
Table 55 NOV Inc Company Overview
Table 56 NOV Inc Financial Overview
Table 57 Tetra Technologies, Inc Company Overview
Table 58 Tetra Technologies, Inc Financial Overview
Table 59 China Oilfield Services Limited Company Overview
Table 60 China Oilfield Services Limited Financial Overview
Table 61 CNOOC Limited Company Overview
Table 62 CNOOC Limited Financial Overview
Table 63 Oil India Limited Company Overview
Table 64 Oil India Limited Financial Overview
Table 65 Other Prominent Players Company Overview
Table 66 Other Prominent Players Financial Overview

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