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Oilfield Surfactant Market Size, Share & Growth Report 2030

Oilfield Surfactant Market

Name: Growth Market Reports
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Segments - by Type (Anionic Surfactants, Cationic Surfactants, Amphoteric Surfactants, and Nonionic Surfactants), Application (Conventional Oil and Gas, and Unconventional Oil and Gas), and Regions (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2022 – 2030

MC-5443
4.4 Rating
159 Pages

22-04-2023
69 Reviews

Author :

Riddhesh Dani

Fact-checked by :

Harneet Meher

Editor :

Shruti Bhat

Report Description

The Global Oilfield Surfactant Market was estimated at USD 1,377.0 Mn in 2021 and is anticipated to reach USD 1,830.7 Mn by 2030, expanding at a CAGR of 3.4% during the forecast period.

Surfactant is a chemical used in the oil & gas industry, as it lowers the surface tension between liquids and solids. Surfactants are used as wetting agents, emulsifiers, and foaming agents for a wide range of industrial applications. A surfactant plays an important role in all stages of the oil field exploration process, including oil recovery, processing, oil drilling, reservoir injection, surface plant process, and oil transportation process.

Different types of surfactants such as anionic, cationic, amphoteric, and nonionic are used for the surfactant flooding technique to enhance the recovery of oil. Surfactants are injected during the surfactant flooding technique, which reduces the interfacial tension and increases efficiency in the oil exploration process.

Oilfield Surfactant Market Macro-economic Factors

R&D Investment

Manufacturers in the oil & gas sector are investing in enhanced oil recovery technologies to extract high quantities of crude oil from reservoirs. These technologies meet the growing demand for crude oil across various industries. The Oil and Natural Gas Corporation invested in enhanced oil recovery technologies to boost the production of crude oil. The rising production of crude oil and growth in the adoption of technologies increases the usage of surfactants in the oilfield industry.

Government Regulations

Stringent government policies and regulations boost the domestic production of crude oil. The New Exploration Licensing Policy (NELP) formulated by the Government of India is attracting investment in oil exploration and production processes. The main role of this policy is to attract foreign investment for exploring the appropriate oil and gas reserves to meet the rising demand for oil and gas in the country. Rising investment in crude oil exploration activities, in turn, boosts the usage of surfactants in the market.

Environmental Impact

The extraction process entails drilling in the oilfield, which disturbs the land and marine ecosystems. Companies in the oil & gas industries employ oil recovery technologies that use surfactants for removing contaminants and aid in the extraction of crude oil to the surface. The use of surfactant polymer flooding technology has less environmental impact on land & human health and improves oil recovery.

Market Dynamics

Market Driver- Rising Number of Oil Exploration Sites

Demand for oil exploration activities is rising, due to the increasing demand for crude oil across the commercial sector. Oilfield surfactants help to ease the offshore and onshore drilling process during oil exploration, which boosts the demand for oilfield surfactants. For instance, Exxon Mobil Corporation invested USD 10 Billion in an offshore project in April 2022.

The offshore project is approved by the Government of Guyana, which produces ~2,50,000 barrels of oil per day. In May 2021, SAIPEM SpA received an extension on two contracts for onshore drilling activities in Saudi Arabia for a duration of 5 years and 10 years, respectively. The development of onshore and offshore drilling activities is resulting in an increasing number of oil exploration projects globally, which is driving the market.

Market Driver- Growing Demand for the Extraction of Trapped Crude Oil

Demand for oil & energy has increased by 40% across the globe, due to its rising use across petroleum and energy industries. Oil & gas companies invest in the enhancement of oil recovery processes for the extraction of crude oil. Crude oil is extracted from underground reservoirs using drilling and pumping methods. Furthermore, the conventional surfactants used in the oil extraction processes leave behind some trapped crude oil and contaminants in the reservoir.

However, the use of oilfield surfactants reduces the interfacial tension between liquid and solid in the reservoirs. These surfactants completely extract the trapped crude oil and contaminants from the reservoir. Rising awareness about the benefits offered by bio-based surfactants during crude oil extraction and enhanced oil recovery propels the market.

Market Restraint- Impact of Oil Exploration Activities on Human Health

Crude oil manufacturers invest in the development of oil exploration projects, which increases the demand for oilfield surfactants. The extraction of crude oil is often carried out near residential areas, which impacts the local soil, water, and air. This, in turn, has an adverse impact on human health, causing cancer, liver damage, immunodeficiency, and neurological symptoms. Thus, rising awareness about the negative effects of these activities and chemicals used for oil exploration is restraining the market.

Market Opportunity- Strategic Investments and Partnerships

Crude oil manufacturers in developing countries invest significantly in exploration projects and in strategic partnerships to increase their share in the oil and gas industry. For instance, Cairn Oil and Gas, a subsidiary of Vedanta Limited, collaborated with oil field service providers to strengthen its oil recovery projects and campaigns. Furthermore, the subsidiary invested USD 700 million in oil & gas drilling infrastructure to increase its global presence. Increasing R&D investments and a rising number of partnerships are creating growth opportunities in the market.

Scope of the Report Oilfield Surfactant Market

The report on the global Oilfield Surfactant 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 Surfactant Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast
Base Year	2021
Historic Data	2015–2020
Forecast Period	2022–2030
Segmentation	Type (Anionic Surfactants, Cationic Surfactants, Amphoteric Surfactants, and Nonionic Surfactants), Application (Conventional oil & gas and Unconventional oil & gas),
Regional Scope	Regions (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered	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

Segmental Outlook

Based on type, the market is segmented into anionic surfactants, cationic surfactants, amphoteric surfactants, and nonionic surfactants. The cationic surfactants segment is expected to expand at a considerable CAGR during the forecast period. Cationic surfactants are highly effective in improving oil recovery in carbonate reservoirs with low surfactant loss due to adsorption.

On the basis of application, the market is fragmented into conventional oil & gas and unconventional oil & gas. The conventional oil & gas segment is projected to expand at a significant CAGR during the forecast period, as it is easy and less expensive to recover conventional oil. It requires less processing after the extraction process. Surfactants are used in the conventional method of oil extraction to increase the rate of enhanced oil recovery (EOR).

Regional Outlook

On the basis of region, the market is fragmented into North America, Europe, Asia Pacific, Latin America, Middle East, & Africa. The market in North America is projected to expand at a substantial CAGR during the forecast period, owing to the rising oil & gas exploration activities across the region to meet the increasing need for energy by commercial and residential sectors. Key market players are focused on boosting the production of oilfield surfactants, which is propelling the market in North America.

The market in Europe is expected to expand at a significant growth rate, due to the increasing applications of oilfield surfactants, such as foamers, drilling surfactants, rig wash cleaners, surface active materials, emulsion breakers, and others in the region. The market in Europe is driven by key market players who are concentrating on expanding the oilfield surfactants production line.

Key Benefits for Industry Participants & Stakeholders

In-depth Analysis of the Global Oilfield Surfactant Market
Historical, Current, and Projected Market Size in Terms of Value
Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
Industry Drivers, Restraints, and Opportunities Covered in the Study
Recent Industry Trends and Developments
Competitive Landscape & Strategies of Key Players
Neutral Perspective on Global Oilfield Surfactant Market Performance

Segments

By Type

Anionic Surfactants
Cationic Surfactants
Amphoteric Surfactants
Nonionic Surfactants

By Application

Conventional oil & gas
Unconventional oil & gas

By Region

North America
Europe
Asia Pacific
Latin America
Middle East & Africa

Key Market Players Profiled in the Report

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
Stepan Company

Competitive Landscape

Manufacturers operating in the global Oilfield Surfactant market are 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.
Market players are pursuing strategies such as acquisitions, product launches, collaborations, and geographic expansion to leverage untapped opportunities in the global Oilfield Surfactant market.

Table Of Content

Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Oilfield Surfactant Market Overview
   4.1 Introduction
      4.1.1 Market Taxonomy
      4.1.2 Market Definition
      4.1.3 Macro-Economic Factors Impacting the Market Growth
   4.2 Oilfield Surfactant Market Dynamics
      4.2.1 Market Drivers
      4.2.2 Market Restraints
      4.2.3 Market Opportunity
   4.3 Oilfield Surfactant Market - Supply Chain Analysis
      4.3.1 List of Key Suppliers
      4.3.2 List of Key Distributors
      4.3.3 List of Key Consumers
   4.4 Key Forces Shaping the Oilfield Surfactant Market
      4.4.1 Bargaining Power of Suppliers
      4.4.2 Bargaining Power of Buyers
      4.4.3 Threat of Substitution
      4.4.4 Threat of New Entrants
      4.4.5 Competitive Rivalry
   4.5 Global Oilfield Surfactant Market Size & Forecast, 2016-2031
      4.5.1 Oilfield Surfactant Market Size and Y-o-Y Growth
      4.5.2 Oilfield Surfactant Market Absolute $ Opportunity
   4.6 Pricing Analysis & Forecast, By Type, 2015-2030
   4.7 Global Oilfield Surfactant Market: Impact Of Key Regulations
Chapter 5 Global Oilfield Surfactant Market Analysis and Forecast By Type
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities By Type
      5.1.2 Basis Point Share (BPS) Analysis By Type
      5.1.3 Absolute $ Opportunity Assessment By Type
   5.2 Oilfield Surfactant Market Size Forecast By Type
      5.2.1 Anionic Surfactants
      5.2.2 Cationic Surfactants
      5.2.3 Amphoteric Surfactants
      5.2.4 Nonionic Surfactants
   5.3 Market Attractiveness Analysis By Type
Chapter 6 Global Oilfield Surfactant Market Analysis and Forecast By Application
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities By Application
      6.1.2 Basis Point Share (BPS) Analysis By Application
      6.1.3 Absolute $ Opportunity Assessment By Application
   6.2 Oilfield Surfactant Market Size Forecast By Application
      6.2.1 Conventional Oil and Gas
         6.2.1.1 Anionic Surfactants
         6.2.1.2 Cationic Surfactants
         6.2.1.3 Amphoteric Surfactants
         6.2.1.4 Nonionic Surfactants
      6.2.2 Unconventional Oil and Gas
         6.2.2.1 Anionic Surfactants
         6.2.2.2 Cationic Surfactants
         6.2.2.3 Amphoteric Surfactants
         6.2.2.4 Nonionic Surfactants
   6.3 Market Attractiveness Analysis By Application
Chapter 7 Global Oilfield Surfactant Market Analysis and Forecast by Region
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities by Region
      7.1.2 Basis Point Share (BPS) Analysis by Region
      7.1.3 Absolute $ Opportunity Assessment by Region
   7.2 Oilfield Surfactant Market Size Forecast by Region
      7.2.1 North America
      7.2.2 Europe
      7.2.3 Asia Pacific
      7.2.4 Latin America
      7.2.5 Middle East & Africa (MEA)
   7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
   8.1 Introduction
   8.2 Current & Future Impact Analysis
   8.3 Economic Impact Analysis
   8.4 Government Policies
   8.5 Investment Scenario
Chapter 9 North America Oilfield Surfactant Analysis and Forecast
   9.1 Introduction
   9.2 North America Oilfield Surfactant Market Size Forecast by Country
      9.2.1 U.S.
      9.2.2 Canada
   9.3 Basis Point Share (BPS) Analysis by Country
   9.4 Absolute $ Opportunity Assessment by Country
   9.5 Market Attractiveness Analysis by Country
   9.6 North America Oilfield Surfactant Market Size Forecast By Type
      9.6.1 Anionic Surfactants
      9.6.2 Cationic Surfactants
      9.6.3 Amphoteric Surfactants
      9.6.4 Nonionic Surfactants
   9.7 Basis Point Share (BPS) Analysis By Type
   9.8 Absolute $ Opportunity Assessment By Type
   9.9 Market Attractiveness Analysis By Type
   9.10 North America Oilfield Surfactant Market Size Forecast By Application
      9.10.1 Conventional Oil and Gas
         9.10.1.1 Anionic Surfactants
         9.10.1.2 Cationic Surfactants
         9.10.1.3 Amphoteric Surfactants
         9.10.1.4 Nonionic Surfactants
      9.10.2 Unconventional Oil and Gas
         9.10.2.1 Anionic Surfactants
         9.10.2.2 Cationic Surfactants
         9.10.2.3 Amphoteric Surfactants
         9.10.2.4 Nonionic Surfactants
   9.11 Basis Point Share (BPS) Analysis By Application
   9.12 Absolute $ Opportunity Assessment By Application
   9.13 Market Attractiveness Analysis By Application
Chapter 10 Europe Oilfield Surfactant Analysis and Forecast
   10.1 Introduction
10.2 Europe Oilfield Surfactant Market Size Forecast by Country
      10.2.1 Germany
      10.2.2 France
      10.2.3 Italy
      10.2.4 U.K.
      10.2.5 Spain
      10.2.6 Russia
      10.2.7 Rest of Europe
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 Europe Oilfield Surfactant Market Size Forecast By Type
      10.6.1 Anionic Surfactants
      10.6.2 Cationic Surfactants
      10.6.3 Amphoteric Surfactants
      10.6.4 Nonionic Surfactants
   10.7 Basis Point Share (BPS) Analysis By Type
   10.8 Absolute $ Opportunity Assessment By Type
   10.9 Market Attractiveness Analysis By Type
   10.10 Europe Oilfield Surfactant Market Size Forecast By Application
      10.10.1 Conventional Oil and Gas
         10.10.1.1 Anionic Surfactants
         10.10.1.2 Cationic Surfactants
         10.10.1.3 Amphoteric Surfactants
         10.10.1.4 Nonionic Surfactants
      10.10.2 Unconventional Oil and Gas
         10.10.2.1 Anionic Surfactants
         10.10.2.2 Cationic Surfactants
         10.10.2.3 Amphoteric Surfactants
         10.10.2.4 Nonionic Surfactants
   10.11 Basis Point Share (BPS) Analysis By Application
   10.12 Absolute $ Opportunity Assessment By Application
   10.13 Market Attractiveness Analysis By Application
Chapter 11 Asia Pacific Oilfield Surfactant Analysis and Forecast
   11.1 Introduction
   11.2 Asia Pacific Oilfield Surfactant Market Size Forecast by Country
      11.2.1 China
      11.2.2 Japan
      11.2.3 South Korea
      11.2.4 India
      11.2.5 Australia
      11.2.6 South East Asia (SEA)
      11.2.7 Rest of Asia Pacific (APAC)
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Asia Pacific Oilfield Surfactant Market Size Forecast By Type
      11.6.1 Anionic Surfactants
      11.6.2 Cationic Surfactants
      11.6.3 Amphoteric Surfactants
      11.6.4 Nonionic Surfactants
   11.7 Basis Point Share (BPS) Analysis By Type
   11.8 Absolute $ Opportunity Assessment By Type
   11.9 Market Attractiveness Analysis By Type
   11.10 Asia Pacific Oilfield Surfactant Market Size Forecast By Application
      11.10.1 Conventional Oil and Gas
         11.10.1.1 Anionic Surfactants
         11.10.1.2 Cationic Surfactants
         11.10.1.3 Amphoteric Surfactants
         11.10.1.4 Nonionic Surfactants
      11.10.2 Unconventional Oil and Gas
         11.10.2.1 Anionic Surfactants
         11.10.2.2 Cationic Surfactants
         11.10.2.3 Amphoteric Surfactants
         11.10.2.4 Nonionic Surfactants
   11.11 Basis Point Share (BPS) Analysis By Application
   11.12 Absolute $ Opportunity Assessment By Application
   11.13 Market Attractiveness Analysis By Application
Chapter 12 Latin America Oilfield Surfactant Analysis and Forecast
   12.1 Introduction
   12.2 Latin America Oilfield Surfactant Market Size Forecast by Country
      12.2.1 Brazil
      12.2.2 Mexico
      12.2.3 Rest of Latin America (LATAM)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Latin America Oilfield Surfactant Market Size Forecast By Type
      12.6.1 Anionic Surfactants
      12.6.2 Cationic Surfactants
      12.6.3 Amphoteric Surfactants
      12.6.4 Nonionic Surfactants
   12.7 Basis Point Share (BPS) Analysis By Type
   12.8 Absolute $ Opportunity Assessment By Type
   12.9 Market Attractiveness Analysis By Type
   12.10 Latin America Oilfield Surfactant Market Size Forecast By Application
      12.10.1 Conventional Oil and Gas
         12.10.1.1 Anionic Surfactants
         12.10.1.2 Cationic Surfactants
         12.10.1.3 Amphoteric Surfactants
         12.10.1.4 Nonionic Surfactants
      12.10.2 Unconventional Oil and Gas
         12.10.2.1 Anionic Surfactants
         12.10.2.2 Cationic Surfactants
         12.10.2.3 Amphoteric Surfactants
         12.10.2.4 Nonionic Surfactants
   12.11 Basis Point Share (BPS) Analysis By Application
   12.12 Absolute $ Opportunity Assessment By Application
   12.13 Market Attractiveness Analysis By Application
Chapter 13 Middle East & Africa (MEA) Oilfield Surfactant Analysis and Forecast
   13.1 Introduction
   13.2 Middle East & Africa (MEA) Oilfield Surfactant Market Size Forecast by Country
      13.2.1 Saudi Arabia
      13.2.2 South Africa
      13.2.3 UAE
      13.2.4 Rest of Middle East & Africa (MEA)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Middle East & Africa (MEA) Oilfield Surfactant Market Size Forecast By Type
      13.6.1 Anionic Surfactants
      13.6.2 Cationic Surfactants
      13.6.3 Amphoteric Surfactants
      13.6.4 Nonionic Surfactants
   13.7 Basis Point Share (BPS) Analysis By Type
   13.8 Absolute $ Opportunity Assessment By Type
   13.9 Market Attractiveness Analysis By Type
   13.10 Middle East & Africa (MEA) Oilfield Surfactant Market Size Forecast By Application
      13.10.1 Conventional Oil and Gas
         13.10.1.1 Anionic Surfactants
         13.10.1.2 Cationic Surfactants
         13.10.1.3 Amphoteric Surfactants
         13.10.1.4 Nonionic Surfactants
      13.10.2 Unconventional Oil and Gas
         13.10.2.1 Anionic Surfactants
         13.10.2.2 Cationic Surfactants
         13.10.2.3 Amphoteric Surfactants
         13.10.2.4 Nonionic Surfactants
   13.11 Basis Point Share (BPS) Analysis By Application
   13.12 Absolute $ Opportunity Assessment By Application
   13.13 Market Attractiveness Analysis By Application
Chapter 14 Competition Landscape
   14.1 Oilfield Surfactant Market: Competitive Dashboard
   14.2 Global Oilfield Surfactant Market: Market Share Analysis, 2022
   14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
      14.3.1 APL
      14.3.2 Ashland
      14.3.3 BASF SE
      14.3.4 Clariant
      14.3.5 Dow
      14.3.6 Evonik Industries AG
      14.3.7 Ivanhoe Industries Inc.
      14.3.8 Jiaxing Midas Oilfield Chemical Mfg.   Co., Ltd
      14.3.9 Kensing, LLC
      14.3.10 Nouryon
      14.3.11 Pilot Chemical Corp
      14.3.12 Solvay
      14.3.13 Stepan Company

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FAQ Section

Some frequently asked questions about this report!

1. Can I ask for different company profiles?

Additional company profiles can be provided on request. For a discussion related to the above findings, click Speak to Analyst

2. What are the criteria used for selecting a company profile?

Factors such as competitive strength and market positioning are key areas considered while selecting top companies to be profiled.

3. What are the factors driving the growth of the global Oilfield Surfactant market?

Growing demand for the extraction of trapped crude oil and rising foreign direct investments are driving the market.

4. How big will be the global Oilfield Surfactant market in 2030?

According to this Growth Market Reports report, the oilfield surfactants market is expected to register a CAGR of 3.4 % during the forecast period 2015-2030, with an anticipated valuation of USD 1,830.7 Million by the end of 2030.

5. Which macroeconomic factors affect the market?

R&D investment, environmental impact, and the Russia-Ukraine war are key macroeconomic factors shaping the market.

6. Who are the major players operating in the market?

Major manufacturers 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.

7. What is the impact of COVID-19 on the overall market during the years 2019 -2020?

The pandemic had a negative impact on the global oilfield surfactant market. The COVID-19 outbreak spread around the world, which halted the extraction 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 on their financials.