Oilfield Chemicals Market – Global Industry Analysis, Market Size Estimation, Growth Forecast By Types (Biocides, Corrosion & Scale Inhibitors, Demulsifiers, Rheology Modifiers, Natural Gums, Polyacrylamides etc), By Application (Fluids, Production Chemicals, Cementing, Well Stimulation, Enhanced Oil Recovery etc) & By Regions, 2017 – 2025

Oilfield Chemicals Market has been analyzed to demonstrate growth and this research report comprehensively evaluates the market by different segments like type, applications etc.

 
What Are the Driving Factors for the growth of the Oilfield Chemicals Market?

  • Use of oilfield chemicals decreases the complexity of the oil production process
  • Rising demand for oilfield chemicals in hydraulic fracturing
  • Use of oilfield chemicals like biocides offering benefits such as maximization of oil production, prevention of spoiling of functional fluids, corrosion removal

 

How Is The Global Oilfield Chemicals Market Segmented?
By Term Segments
By Type Specialty chemicals such as biocides, corrosion & scale inhibitors, demulsifiers, rheology modifiers, pour-point depressants etc, commodity chemicals, polymers such as natural gums, polyacrylamides, cellulose & starch polymers and others
By Application Fluids, production chemicals, cementing, workover & completion, well stimulation, enhanced oil recovery (EOR) and others
By Region North America, Europe, Asia-Pacific, Middle East & Africa (MEA) and Latin America

 

Who Are The Leading Competitors in The Oilfield Chemicals Market?
Headquarters Corporations
Germany BASF SE
The U.S. Stepan Company, Huntsman Corporation, Ecolab Inc, Halliburton Company, Schlumberger
Belgium Solvay S.A

 
Why Buy Oilfield Chemicals Market Research Report?

  • This market research report provides in-depth research of market determinant factors.
  • This report reviews market dynamics for each segment (such as Types, Applications, Regions).
  • This analysis provides 8 years forecast by examining push and pull factors affecting the dynamics of this market.
  • This report provides application level cross-sectional analysis for each product type.
  • This research report provides regional level pricing trend analysis.
  • It acts as business decision support system by analyzing key trends in each market segment.
  • The oilfield chemicals industry report provides insights regarding business strategies of leading competitors.

Oilfield Chemicals Market - Introduction

The global oilfield chemicals market is expected to register steady growth during the forecast period 2017 to 2025. The oilfield chemicals market analysis reviews market competition by top manufacturers and depicts market share in the oilfield chemical marketOilfield Chemicals market is segmented in terms of types, application, and geography. Oilfield Chemicals have applications in oil and gas production, drilling, stimulation treatments, corrosion inhibition, de-oiling, scale inhibition etc. In recent years, commercialization of a wide range of corrosion inhibitor, biocides, and point depressants among others have expanded application market for oilfield chemicals. Rising demand for specialty chemicals oil recovery operations is significantly driving the growth of the oilfield chemicals market size. The rise in deep-water drilling activities has positively pushed the demand for oilfield chemicals across different countries globally.

Report Overview
Aspect Details
Base Year of Estimation 2016
Value Estimation Year 2017
Forecast Period 2017 - 2025
Market Segmentations By type, application, region
Regional Scope North America, Europe, Asia-Pacific, Middle East & Africa (MEA) and Latin America
Report Coverage Technology Analysis, Market Dynamics, Market Trends, Segmentation Overview and Competitive Landscape of the market

 

Technology Analysis

Oilfield chemicals cover a wide range of specialty chemicals including biocides, demulsifiers, surfactants, depressant, corrosion & scale inhibitors etc. Application of these specialty chemicals during upstream, midstream and downstream activities in oil field varies significantly. During the development process of oilfield chemicals, various testing instruments are used such as pour point bath, fann & brookfield viscometer and dynamic wheel test among others. In recent years, producers have shifted focus to deploy technology that can produce environmentally friendly oilfield chemicals. Furthermore, many oilfield chemicals producers are using technology that can increase oil production. Leading players are focusing on developing specialty chemicals that can decrease water consumption during oil extraction.

 

Oilfield Chemicals Market Dynamics

As of 2016, growth for the oilfield chemicals market has reached its stability phase due to the slowdown in the oil industry, maturity of the market in the European region and lack of product innovation scope. Furthermore, in past years, the impact of factors causing an unprecedented growth of oilfield chemicals industry has slowed down. For example, slow movement of production of shale gas and oil in North America has dented the growth potential of oilfield chemicals market. Despite such less optimistic outlook, there are factors that are expected to drive the global oilfield chemicals market growth rate in coming years. Using oilfield chemicals decreases the complexity of the oil production process and oil exploring companies are looking for low cost as well as simple oil production process to survive in the low margin business environment. As a result, demand for oilfield chemical in expected to increase in Commonwealth of Independent States (CIS), Africa region and Scandinavia during the forecast period.

Future growth of shale gas production in North America and Nordic region is identified as the long-term push factor for oilfield chemicals market development. Growth in demand for oilfield chemicals in hydraulic fracturing is positively affecting oilfield chemicals market share. Specific oilfield chemicals such as biocides offer unique benefits such as maximization of oil production, prevention of spoiling of functional fluids and corrosion removal. Due to such benefits, demand for biocides is expected to increase in coming years. Eco-friendly biocide is expected to emerge as a growth opportunity for the market during the forecast period 2017 to 2025.

 

Market Trends

Oilfield chemicals market is mainly driven by demand from oil and gas sector in Europe and North America. In Asia Pacific, demand for oilfield chemical is relatively lower historically owing to lack of application scope, low product awareness and lack of product penetration. However, in coming years, demand for oilfield chemicals in Asia Pacific is expected to increase owing to growing demand for crude oil and government investment in energy sector. Ban of hydraulic fracking in some European countries has slightly dented demand for oilfield chemicals in Europe. From the consumption perspective, North America dominated the market due to the presence of wide shale gas & oil exploration belt, the presence of leading producers of oilfield chemicals and strong penetration of oil field services sector. The decline in oil prices is expected to negatively affect demand for oilfield chemicals for drilling, completion and stimulation activities. In terms of market structure, the consolidated market for oilfield chemicals is resulted due to the presence of small numbers of large players.

 

Oilfield Chemical Market Segmentation Overview

By types, the oil field chemicals market has been segmented as specialty chemicals, commodity chemicals, polymers and others. Specialty chemicals further segmented into biocides, corrosion & scale inhibitors, demulsifiers, rheology modifiers, pour-point depressants and others. Commodity chemicals are further segmented barite, acids, and others. Polymers have been segmented into natural gums, polyacrylamides, cellulose & starch polymers, and others. By application, the market has been segmented into drilling fluids, production chemicals, cementing, workover & completion, well stimulation, enhanced oil recovery (EOR) and others. In 2016, well stimulation held the largest market share for oilfield chemicals industry owing to wide consumption of oilfield chemical.

By geography, the market has been segmented into North America, Europe, Asia-Pacific, Middle East & Africa (MEA) and Latin America. In terms of revenue and volume, North America held the largest share of the oilfield chemicals market. The growth of North America oilfield chemicals market is driven by the expansion of application market, demand for product innovation offered by producers and wide shale gas & oil production base. During the forecast period, the growth of oilfield chemicals market in Asia-Pacific will remain highest during the forecast period.

 

Competitive Landscape

Leading players operating in the oilfield chemicals market are BASF SE (Germany), Stepan Company (the U.S.), Huntsman Corporation (the U.S.), Ecolab Inc (the U.S.), Solvay S.A (Belgium), Halliburton Company (the U.S.) and Schlumberger (the U.S.). In North America, the concentration of oilfield chemicals producer is significantly high as compared to other regions.

 

Conclusion

Considering the application market expansion, rising demand for biocides and urge to reduce oil exploration cost by companies, it has been estimated that the market for oilfield chemicals is about to accelerate in coming years. Due to the conjoint impact of push factors, oilfield chemicals market is estimated to experience significant growth during the forecast period.

 

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