Oilfield Chemicals Market
Segments - 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
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.
Market Trends, Drivers, Restraints, and Opportunities
- 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 |
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Historic Data |
2019–2020 |
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Forecast Period |
2021–2028 |
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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 |
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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.
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.
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.
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
- Halliburton
- Schlumberger Limited
- Baker Hughes Company
- Ecolab
- Solvay
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.
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
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
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