GLOBAL OILFIELD CHEMICALS MARKET FORECAST 2019-2027

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GLOBAL OILFIELD CHEMICALS MARKET FORECAST 2019-2027

The chemicals utilized in various points of the development of quality products in the oil & gas exploration industry are known as oilfield chemicals. They are used to increase the efficacy of the processes & lower the maintenance of the equipment. These chemicals improve parameters such as temperature stability, performance, and reduce impurity in the drilling fluid system. In the production division, they enable a continuous flow of oil from well, enhance oil production and separation of oil from gas & water. The market is anticipated to grow with a CAGR of 4.22%. The market is anticipated to grow to $30,237 million by 2027. The base year considered for the study is 2018, and the estimated period is between 2019 and 2027.

GLOBAL OILFIELD CHEMICALS MARKET FORECAST 2019-2027

Global Oilfield Chemicals Market by Location (Onshore, Offshore) by Application (Drilling Fluids, Cementing, Enhanced Oil Recovery, Production Chemicals, Well Stimulation, Workover & Completion) by Type (Biocides, Corrosion & Scale Inhibitors, Demulsifiers, Surfactants, Polymers, Gellants & Viscosifiers, Other Chemicals) by Geography.

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The chemicals utilized in various points of the development of quality products in the oil & gas exploration industry are known as oilfield chemicals. They are used to increase the efficacy of the processes & lower the maintenance of the equipment. These chemicals improve parameters such as temperature stability, performance, and reduce impurity in the drilling fluid system. In the production division, they enable a continuous flow of oil from well, enhance oil production and separation of oil from gas & water. The market is anticipated to grow with a CAGR of 4.22%. The market is anticipated to grow to $30,237 million by 2027. The base year considered for the study is 2018, and the estimated period is between 2019 and 2027. The growth of this market is mainly driven by the following factors:

  • Increase in the production of crude oil
  • Growth of unconventional hydrocarbon activity
  • Growth of eco-friendly oilfield chemicals

The most important driver for market growth has been the increase in the production of crude oil. The increase in exploration and production activities is driving the interests in developing deep reserves, which is expected to sustain the product demand. Specialty oilfield chemicals are used in almost all stages of oil and gas production, including well drilling, exploration, EOR applications, and oil production, and their utilities are expected to register a steady market growth owing to increasing global energy demand.

In 2018, corrosion & scale inhibitors accounted for the largest revenue share of 34.30% of the market by type segment. Corrosion inhibitors applied in the reduction of corrosion of metal pipes of the oil well. The ideal treatment for carbon steel vessels and pipes is inhibition. The benefit of inhibition is that it can be utilized in the ongoing process. The segment for demulsifiers is expected to be the fastest growing type over the forecast period. Demulsifiers are used to separate the emulsion of crude oil into oil and water. The important aspects of crude oil emulsification are the speed of the separation process, the residual amount of water that is not removed from the oil (as 100% separation takes time and is not easy to process) and the quality of the effluent water for meeting disposal requirements or other purposes.

The market growth is restrained by high disposing costs of the chemicals, environmental & concerns during the extraction of oil & gas. Several guidelines need to be followed for the disposal of oilfield chemicals. Also, the cost associated with their disposal is high. Disposal costs are in the range from $XX to $XX per XX-gallon drum with an average cost of $XX per drum. Additional costs of various disposal options include radiological analysis, chemical analysis, transportation, pretreatment washing, volume reduction, permitting and manifesting administrative costs, and non-NORM waste disposal costs.

The report on global oilfield chemicals includes segmentation on the basis of location, application, and type.

Location is sub-segmented into:

  • Onshore
  • Offshore

Application is sub-segmented into:

  • Drilling Fluids
  • Cementing
  • Enhanced Oil Recovery
  • Production Chemicals
  • Well Stimulation
  • Workover & Completion

Type is sub-segmented into:

  • Biocides
  • Corrosion & Scale Inhibitors
  • Demulsifiers
  • Surfactants
  • Polymers
  • Gellants & Viscosifiers
  • Other Chemicals

Geographically, the global oilfield chemicals market has been segmented on the basis of four major regions, which includes:

The largest market for oilfield chemicals belongs to that of North America. It contributed a market share of 34.30% in 2018. The presence of offshore shale reserves is a major driving factor for the oilfield chemicals market in North America. Major restraint is the fluctuating prices of crude oil and natural gas in the United States. While the fastest-growing market in the Asia Pacific market, the major factors driving the growth of the APAC market is the growing exploration of shale gas and rising demand for petroleum-based in the transportation industry. However, increasing green energy initiative & biofuel industry are expected to be major challenges for the growth of the Asia Pacific oilfield chemicals market.

The global oilfield chemicals market segmented into the market by location, application & type. The market by location is further subdivided into onshore & offshore. Market by application is further subdivided into drilling fluids, cementing, enhanced oil recovery, production chemicals, well stimulation, and workover & completion. The market by type is further subdivided into biocides, corrosion & scale inhibitors, demulsifiers, surfactants, polymers, gellants & viscosifiers, and other chemicals.

The major market players of the global oilfield chemicals market are:

  • AkzoNobel N.V.
  • BASF SE
  • Clariant
  • Dow Chemical Company
  • Schlumberger Limited
  • Others

The company profiles section covers the analysis of important players. These companies are using organic and inorganic strategies for growth. For instance, in June 2019, Clariant, launched CATOFIN 311 which is a propane dehydrogenation catalyst. In April 2019, the Lubrizol Corporation launched Carbopol® Style 2.0 polymer which is its newest multifunctional, 2-in-1 rheology modifier. In June 2018, Albemarle’s catalysts business, Petrochemicals (FRIPP), and Sinopec Catalyst Co. Ltd. synergized to cooperate in the field of catalytic hydrocracking.

Key findings of the global oilfield chemicals market are:

  • Seasonal changes highly impact the demand and supply of crude oil, which affects the demand for the oilfields chemicals market.
  • North America dominated the oilfield chemicals market in 2018.
  • The crude oil market is highly politicized. The rise in the territorial and regional disputes among different nation is expected to hinder the market over the forecast period.

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  1. RESEARCH SCOPE
    • STUDY GOALS
    • SCOPE OF THE MARKET STUDY
    • WHO WILL FIND THIS REPORT USEFUL?
    • STUDY AND FORECASTING YEARS
  2. RESEARCH METHODOLOGY
    • SOURCES OF DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • TOP-DOWN APPROACH
    • BOTTOM-UP APPROACH
    • DATA TRIANGULATION
  3. EXECUTIVE SUMMARY
    • MARKET SUMMARY
    • KEY FINDINGS
      • EFFECTS OF SEASONAL CHANGES IN OIL DEMAND
      • THE MARKET FOR CRUDE OIL IS HIGHLY POLITICIZED
  1. MARKET DYNAMICS
    • MARKET SCOPE & DEFINITION
    • MARKET DRIVERS
      • INCREASE IN THE PRODUCTION OF CRUDE OIL
      • GROWTH OF UNCONVENTIONAL HYDROCARBON ACTIVITY
    • MARKET RESTRAINTS
      • HIGH DISPOSING COSTS OF THE CHEMICALS
      • ENVIRONMENTAL CONCERNS DURING EXTRACTION OF OIL & GAS
    • MARKET OPPORTUNITIES
      • GROWTH OF ECO-FRIENDLY OILFIELD CHEMICALS
      • GROWING COMPLEXITY OF OPERATIONS
    • MARKET CHALLENGES
      • VOLATILITY IN THE PRICE OF CRUDE OIL PRICE
  1. MARKET BY LOCATION
    • ONSHORE
    • OFFSHORE
  2. MARKET BY APPLICATION
    • DRILLING FLUIDS
    • CEMENTING
    • ENHANCED OIL RECOVERY
    • PRODUCTION CHEMICALS
    • WELL STIMULATION
    • WORKOVER & COMPLETION
  3. MARKET BY TYPE
    • BIOCIDES
    • CORROSION & SCALE INHIBITORS
    • DEMULSIFIERS
    • SURFACTANTS
    • POLYMERS
    • GELLANTS & VISCOSIFIERS
    • OTHER CHEMICALS
  4. KEY ANALYTICS
    • PORTER’S FIVE FORCE MODEL
      • THREAT OF NEW ENTRANTS
      • THREAT OF SUBSTITUTE
      • BARGAINING POWER OF SUPPLIERS
      • BARGAINING POWER OF BUYERS
      • THREAT OF COMPETITIVE RIVALRY
    • OPPORTUNITY MATRIX
    • VENDOR LANDSCAPE
  5. GEOGRAPHICAL ANALYSIS
    • NORTH AMERICA
      • UNITED STATES
      • CANADA
    • EUROPE
      • RUSSIA
      • NORWAY
      • UNITED KINGDOM
      • DENMARK
      • ITALY
      • REST OF EUROPE
    • ASIA PACIFIC
      • CHINA
      • INDIA
      • SOUTH KOREA
      • JAPAN
      • AUSTRALIA
      • REST OF ASIA PACIFIC
    • REST OF WORLD
      • LATIN AMERICA
      • MIDDLE EAST & AFRICA
  1. COMPANY PROFILES
    • ALBEMARLE CORP.
    • AKZO NOBEL N.V.
    • BAKER HUGHES
    • BASF SE
    • CLARIANT
    • CRODA INTERNATIONAL PLC
    • DOW CHEMICAL COMPANY
    • ECOLAB INC.
    • HALLIBURTON COMPANY
    • LUBRIZOL CORPORATION
    • NALCO COMPANY LLC
    • NEWPARK RESOURCES, INC.
    • SCHLUMBERGER LIMITED
    • SOLVAY S.A.
    • STEPAN COMPANY

 LIST OF TABLES

TABLE 1: GLOBAL OILFIELD CHEMICALS MARKET, BY GEOGRAPHY, 2019-2027 (IN $ MILLION)

TABLE 2: COST OF DISPOSING HAZARDOUS CHEMICALS WITH VARIOUS TECHNIQUES

TABLE 3: GLOBAL OILFIELD CHEMICALS MARKET, BY LOCATION, 2019-2027 (IN $ MILLION)

TABLE 4: GLOBAL ONSHORE MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 5: GLOBAL OFFSHORE MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 6: GLOBAL OILFIELD CHEMICALS MARKET, BY APPLICATION, 2019-2027 (IN $ MILLION)

TABLE 7: GLOBAL DRILLING FLUIDS MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 8: GLOBAL CEMENTING MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 9: GLOBAL ENHANCED OIL RECOVERY MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 10: GLOBAL PRODUCTION CHEMICALS MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 11: GLOBAL WELL STIMULATION MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 12: GLOBAL WORKOVER & COMPLETION MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 13: GLOBAL OILFIELD CHEMICALS MARKET, BY TYPE, 2019-2027 (IN $ MILLION)

TABLE 14: GLOBAL BIOCIDES MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 15: GLOBAL CORROSION & SCALE INHIBITORS MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 16: GLOBAL DEMULSIFIERS MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 17: GLOBAL SURFACTANTS MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 18: GLOBAL POLYMERS MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 19: GLOBAL GELLANTS & VISCOSIFIERS MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 20: GLOBAL OTHER CHEMICALS MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 21: OPPORTUNITY MATRIX

TABLE 22: VENDOR LANDSCAPE

TABLE 23: GLOBAL OILFIELD CHEMICALS MARKET, BY GEOGRAPHY, 2019-2027 (IN $ MILLION)

TABLE 24: NORTH AMERICA OILFIELD CHEMICALS MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

TABLE 25: EUROPE OILFIELD CHEMICALS MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

TABLE 26: ASIA PACIFIC OILFIELD CHEMICALS MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

TABLE 27: REST OF WORLD OILFIELD CHEMICALS MARKET, BY REGION, 2019-2027 (IN $ MILLION)

LIST OF FIGURES

FIGURE 1: GLOBAL OILFIELD CHEMICALS MARKET, BY TYPE, 2018 & 2027 (IN %)

FIGURE 2: GLOBAL OILFIELD CHEMICALS MARKET, BY ONSHORE, 2019-2027 (IN $ MILLION)

FIGURE 3: GLOBAL OILFIELD CHEMICALS MARKET, BY OFFSHORE, 2019-2027 (IN $ MILLION)

FIGURE 4: GLOBAL OILFIELD CHEMICALS MARKET, BY DRILLING FLUIDS, 2019-2027 (IN $ MILLION)

FIGURE 5: GLOBAL OILFIELD CHEMICALS MARKET, BY CEMENTING, 2019-2027 (IN $ MILLION)

FIGURE 6: GLOBAL OILFIELD CHEMICALS MARKET, BY ENHANCED OIL RECOVERY, 2019-2027 (IN $ MILLION)

FIGURE 7: GLOBAL OILFIELD CHEMICALS MARKET, BY PRODUCTION CHEMICALS, 2019-2027 (IN $ MILLION)

FIGURE 8: GLOBAL OILFIELD CHEMICALS MARKET, BY WELL STIMULATION, 2019-2027 (IN $ MILLION)

FIGURE 9: GLOBAL OILFIELD CHEMICALS MARKET, BY WORKOVER & COMPLETION, 2019-2027 (IN $ MILLION)

FIGURE 10: GLOBAL OILFIELD CHEMICALS MARKET, BY BIOCIDES, 2019-2027 (IN $ MILLION)

FIGURE 11: GLOBAL OILFIELD CHEMICALS MARKET, BY CORROSION & SCALE INHIBITORS, 2019-2027 (IN $ MILLION)

FIGURE 12: GLOBAL OILFIELD CHEMICALS MARKET, BY DEMULSIFIERS, 2019-2027 (IN $ MILLION)

FIGURE 13: GLOBAL OILFIELD CHEMICALS MARKET, BY SURFACTANTS, 2019-2027 (IN $ MILLION)

FIGURE 14: GLOBAL OILFIELD CHEMICALS MARKET, BY POLYMERS, 2019-2027 (IN $ MILLION)

FIGURE 15: GLOBAL OILFIELD CHEMICALS MARKET, BY GELLANTS & VISCOSIFIERS, 2019-2027 (IN $ MILLION)

FIGURE 16: GLOBAL OILFIELD CHEMICALS MARKET, BY OTHER CHEMICALS, 2019-2027 (IN $ MILLION)

FIGURE 17: PORTER’S FIVE FORCE ANALYSIS

FIGURE 18: GLOBAL OILFIELD CHEMICALS MARKET, REGIONAL OUTLOOK, 2018 & 2027 (IN %)

FIGURE 19: UNITED STATES OILFIELD CHEMICALS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 20: CANADA OILFIELD CHEMICALS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 21: RUSSIA OILFIELD CHEMICALS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 22: NORWAY OILFIELD CHEMICALS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 23: UNITED KINGDOM OILFIELD CHEMICALS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 24: DENMARK OILFIELD CHEMICALS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 25: ITALY OILFIELD CHEMICALS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 26: REST OF EUROPE OILFIELD CHEMICALS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 27: CHINA OILFIELD CHEMICALS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 28: INDIA OILFIELD CHEMICALS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 29: SOUTH KOREA OILFIELD CHEMICALS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 30: JAPAN OILFIELD CHEMICALS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 31: AUSTRALIA OILFIELD CHEMICALS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 32: REST OF ASIA PACIFIC OILFIELD CHEMICALS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 33: LATIN AMERICA OILFIELD CHEMICALS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 34: MIDDLE EAST & AFRICA OILFIELD CHEMICALS MARKET, 2019-2027 (IN $ MILLION)

  1. MARKET BY LOCATION
    • ONSHORE
    • OFFSHORE
  2. MARKET BY APPLICATION
    • DRILLING FLUIDS
    • CEMENTING
    • ENHANCED OIL RECOVERY
    • PRODUCTION CHEMICALS
    • WELL STIMULATION
    • WORKOVER & COMPLETION
  3. MARKET BY TYPE
    • BIOCIDES
    • CORROSION & SCALE INHIBITORS
    • DEMULSIFIERS
    • SURFACTANTS
    • POLYMERS
    • GELLANTS & VISCOSIFIERS
    • OTHER CHEMICALS
  4. GEOGRAPHICAL ANALYSIS
    • NORTH AMERICA
      • UNITED STATES
      • CANADA
    • EUROPE
      • RUSSIA
      • NORWAY
      • UNITED KINGDOM
      • DENMARK
      • ITALY
      • REST OF EUROPE
    • ASIA PACIFIC
      • CHINA
      • INDIA
      • SOUTH KOREA
      • JAPAN
      • AUSTRALIA
      • REST OF ASIA PACIFIC
    • REST OF WORLD
      • LATIN AMERICA
      • MIDDLE EAST & AFRICA

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