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Oilfield Chemicals Market Size, Share & Growth Report | 2031
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Oilfield Chemicals Market Size, Share & Growth Report | 2031

Segments - Oilfield Chemicals Market by Types (Demulsifiers, Polymers, Surfactants, Corrosion & Scale Inhibitors, Biocides, and Others), Applications (Well Stimulation, Workover & Completion, Enhanced Oil Recovery, Production, and Drilling & Cementing), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

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Author : Raksha Sharma
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Fact-checked by : V. Chandola
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Editor : Swapnil Hedau

Upcoming | Report ID :EP-2425 | 4.2 Rating | 71 Reviews | 178 Pages | Format : PDF Excel PPT

Report Description


The global oilfield chemicals market size is projected to expand at a substantial CAGR during the forecast period. Growth of the market is attributed to rising exploration and production of shale gas.

Chemical components used in oil and gas extraction activities are known as oilfield chemicals. These are utilized in well drilling and production facilities to improve extraction operations by increasing the productivity and efficiency of the oil drilling and petroleum refining processes. During exploration and drilling, these chemicals hinder the production of metal scales and reduce the amount of water in the oil well, resulting in increased demand for oilfield chemicals. Chemicals assist in the maintenance of a smooth-running oilfield, resulting in cost savings from drilling delays and stoppages.

Global Oilfield Chemicals Market Outlook

  • Increasing oil exploration & production activities is projected to drive the market.
  • Increasing demand for advanced drilling has fueled the oilfield chemical market.
  • Rising environmental concerns are estimated to hinder the market growth.
  • Development of eco-friendly oilfield chemicals is anticipated to create immense opportunities for the market players.

Scope of the Oilfield Chemicals Market Report

The report on the global oilfield chemicals market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Oilfield Chemicals Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2021

Historic Data

2019–2020

Forecast Period

2021–2028

Segmentation

Types (Demulsifiers, Polymers, Surfactants, Corrosion & Scale Inhibitors, Biocides, and Others), Applications (Well Stimulation, Workover & Completion, Enhanced Oil Recovery, Production, and Drilling & Cementing)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Halliburton; Schlumberger Limited; Baker Hughes Company; Ecolab; and Solvay

Oilfield Chemicals Market Segment Insights

The demulsifiers segment holds a major market share

Based on types, the global oilfield chemicals market is segregated into demulsifiers, polymers, surfactants, corrosion & scale inhibitors, biocides, and others. The demulsifies segment is anticipated to expand at a high CAGR during the forecast period. In the oilfield, demulsifies are used to separate water and oil. They make separation easier by reducing pipeline corrosion. As a result, the equipment's overall maintenance costs are reduced.

Global Oilfield Chemicals Market Types

The drilling & cementing segment is anticipated to expand during the forecast period

On the basis of applications, the oilfield chemicals market is segregated into well stimulation, workover & completion, enhanced oil recovery, production, and drilling & cementing. The drilling and cementing segment is projected to grow at a rapid pace. Oilfield chemicals are used in the drilling sector to maintain temperature and prevent contaminated goods from entering the drilling fluid system. To maintain hydrostatic pressure and clear the wellbore of cuttings, additives are added to drilling fluids. The oilfield chemicals industry is likely to see a surge in demand for technologically advanced cementing solutions like Selvol Polyvinyl Alcohol, which has non-ionic and low-viscous qualities.

Global Oilfield Chemicals Market Application

The market in North America is projected to hold a major market share

In terms of regions, the global oilfield chemicals market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is estimated to dominate the market. Booming shale gas industry, technological advancements, and rising oil exports in the United States has driven the market.

Global Oilfield Chemicals Market Region

Segments

The global oilfield chemicals market is segmented on the basis of

Types

  • Demulsifiers
  • Polymers
  • Surfactants
  • Corrosion & Scale Inhibitors
  • Biocides
  • Others

Applications

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

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

Competitive Landscape

Major players competing in the oilfield chemicals market include Halliburton, Schlumberger Limited, Baker Hughes Company, Ecolab, and Solvay.

Some of these players are using several market strategies such as acquisitions, merger, collaborations, partnerships, capacity expansion, and product launches to enhance their market shares and to generate revenue and raise their production line of the business in the coming years.

Global Oilfield Chemicals Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Oilfield Chemicals Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Oilfield Chemicals Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Oilfield Chemicals Market - Supply Chain
  4.5. Global Oilfield Chemicals Market Forecast
     4.5.1. Oilfield Chemicals Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Oilfield Chemicals Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Oilfield Chemicals Market Absolute $ Opportunity
5. Global Oilfield Chemicals Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Oilfield Chemicals Market Size and Volume Forecast by Types
     5.3.1. Demulsifiers
     5.3.2. Polymers
     5.3.3. Surfactants
     5.3.4. Corrosion & Scale Inhibitors
     5.3.5. Biocides
     5.3.6. Others
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Oilfield Chemicals Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Oilfield Chemicals Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Oilfield Chemicals Demand Share Forecast, 2019-2026
7. North America Oilfield Chemicals Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Oilfield Chemicals Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Oilfield Chemicals Market Size and Volume Forecast by Types
     7.4.1. Demulsifiers
     7.4.2. Polymers
     7.4.3. Surfactants
     7.4.4. Corrosion & Scale Inhibitors
     7.4.5. Biocides
     7.4.6. Others
  7.5. Basis Point Share (BPS) Analysis by Types
  7.6. Y-o-Y Growth Projections by Types
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Oilfield Chemicals Demand Share Forecast, 2019-2026
8. Latin America Oilfield Chemicals Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Oilfield Chemicals Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Oilfield Chemicals Market Size and Volume Forecast by Types
     8.4.1. Demulsifiers
     8.4.2. Polymers
     8.4.3. Surfactants
     8.4.4. Corrosion & Scale Inhibitors
     8.4.5. Biocides
     8.4.6. Others
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Oilfield Chemicals Demand Share Forecast, 2019-2026
9. Europe Oilfield Chemicals Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Oilfield Chemicals Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Oilfield Chemicals Market Size and Volume Forecast by Types
     9.4.1. Demulsifiers
     9.4.2. Polymers
     9.4.3. Surfactants
     9.4.4. Corrosion & Scale Inhibitors
     9.4.5. Biocides
     9.4.6. Others
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Oilfield Chemicals Demand Share Forecast, 2019-2026
10. Asia Pacific Oilfield Chemicals Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Oilfield Chemicals Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Oilfield Chemicals Market Size and Volume Forecast by Types
     10.4.1. Demulsifiers
     10.4.2. Polymers
     10.4.3. Surfactants
     10.4.4. Corrosion & Scale Inhibitors
     10.4.5. Biocides
     10.4.6. Others
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Oilfield Chemicals Demand Share Forecast, 2019-2026
11. Middle East & Africa Oilfield Chemicals Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Oilfield Chemicals Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Oilfield Chemicals Market Size and Volume Forecast by Types
     11.4.1. Demulsifiers
     11.4.2. Polymers
     11.4.3. Surfactants
     11.4.4. Corrosion & Scale Inhibitors
     11.4.5. Biocides
     11.4.6. Others
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Oilfield Chemicals Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Oilfield Chemicals Market: Market Share Analysis
  12.2. Oilfield Chemicals Distributors and Customers
  12.3. Oilfield Chemicals Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Halliburton
     12.4.2. Schlumberger Limited
     12.4.3. Baker Hughes Company
     12.4.4. Ecolab
     12.4.5. Solvay

Methodology

Our Clients

Siemens Healthcare
Dassault Aviation
Honda Motor Co. Ltd.
sinopec
The John Holland Group
FedEx Logistics
General Electric
General Mills