Global Oilfield Surfactant Market Anticipated to Reach US$ 1,830.7 Million by 2030

According to a recent market study published by Growth Market Reports, titled, “Global Oilfield Surfactant Market by Type, By Application, and By Region: Size, Share, Trends and Opportunity Analysis, 2015-2030”, the market was valued at US$ 1,377.0 Million in 2021 and is anticipated to expand at a growth rate of ~3.4% by 2030.

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Oilfield surfactant is a type of oilfield chemical used in the oil & gas industry, as it reduces the surface tension between liquids and solids. Surfactants are used as wetting agents, emulsifiers, and foaming agents for a wide range of industrial applications. Surfactants are used in offshore and onshore oil exploration to ease different processes such as oil recovery, oil drilling, and reservoir injection.

Surfactants used in offshore and onshore oil exploration ease different processes such as oil recovery, oil drilling, and reservoir injection. Surfactants decrease surface tension, which in turn helps in the separation of two liquids and solids. The green surfactants originated from vegetable oils and plant-based sources, which eases the enhanced oil recovery process. The manufacturer of crude oil uses green surfactant as a sustainable alternative to conventional surfactant for the enhanced oil recovery process. Thus, the usage of green surfactants enhances the capability of the oil recovery process.

The global Oilfield Surfactant market has been segmented in terms of type, application, and region. In terms of type, the global Oilfield Surfactant market is split into anionic surfactants, cationic surfactants, amphoteric surfactants, and nonionic surfactants. Based on application, the market is divided into conventional oil & gas and unconventional oil & gas. Considering regions, the market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Demand for surfactants from the oil and gas industry was impeded, due to the outbreak of COVID-19. The pandemic had a negative impact on the global oilfield surfactant market. The COVID-19 outbreak spread around the world, which halted the extraction activities of oil & gas to a significant extent. The pandemic had altered the demand and supply scenario of oilfield surfactants. Companies in every sector, including oil & gas, adopted new technologies and new modes of operations to minimize the negative effect of the pandemic.

Key Takeaways from the Study

• Players in the global Oilfield Surfactant market include APL; Ashland; BASF SE; Clariant; Dow; Evonik Industries AG; Ivanhoe Industries Inc.; Jiaxing Midas Oilfield Chemical Mfg Co., Ltd; Kensing, LLC.; Nouryon; Pilot Chemical Corp.; Solvay; and Stepan Company. These players held a major share of the global Oilfield Surfactant market in 2021.

• Growing demand for the extraction of trapped crude oil, rising number of oil exploration sites, and technological advancements in the oil recovery process across the globe are key factors that drive the Oilfield Surfactant market.

• Strategic investments and partnerships by key players are expected to create opportunities in the coming years.

• Based on type, the market is segmented into anionic surfactants, cationic surfactants, amphoteric surfactants, and nonionic surfactants. The anionic surfactants segment is expected to hold a considerable share of the market during the forecast period, as it is the most widely used and versatile surfactant.

• Based on application, the market is fragmented into conventional oil & gas and unconventional oil & gas. The conventional oil & gas segment holds a key share of the market. Conventional oil and gas are extracted using traditional vertical drilling and pumping methods from underground reservoirs. Conventional production indicates that natural gas and crude oil flow up the well under the Earth’s natural pressure.

• Based on regions, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America accounted for a significant share of the market in 2021, due to the growing geriatric population and rising prevalence of autoimmune diseases that increase the prescription rate of Oilfield Surfactant supplements. Additionally, increasing investment in the manufacture of Oilfield Surfactant supplements and drugs for efficient treatment and promoting healthy aging is driving the market in North America.

Report Scope

Target Audience

• Supply-side: Vendor, Manufacturer, Distributors, Supplier, Retailer.

• Regulatory Side: Concerned government authorities, and other approved regulatory bodies.