Product Code: RP-ID-10324831 |
Published Date: 21 Oct 2022 |
Region: NA |
Category: Chemicals |
Report ID: 10324831
Market Overview:
Global Specialty Oilfield Chemicals Market Size study, by Type (Demulsifiers, Inhibitors & Scavengers, Friction Reducers, Rheology Modifiers), Application (Production, Drilling Fluids, Well Stimulation, EOR) and Regional Forecasts 2020-2027
Global Specialty Oilfield Chemicals Market is valued approximately at USD 11.50 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 4.1% over the forecast period 2020-2027. Specialty oilfield chemicals include ample specialty chemicals used for a wide range of purposes such as institutional cleaning chemicals and industrial, construction chemicals and pesticides, specialty superior polymers and more. These chemicals are used during processes in oil recovery from oilfield namely, drilling, production, stimulation, cementing and Enhanced oil recovery (EOR). Moreover, these chemicals are also used to prevent wax formation in oil, oil-water emulsion and scaling and corrosion of pipe walls. Also, in the after processes specialty chemicals are used as flocculants and coagulants in process water, waste oil and oil sludge treatment. Thus, the consumption of these specialty oilfield chemicals is directly proportional to crude oil production and new oil drilling. Hence the increasing crude oil production owing to the rising need for oil and related derivatives across the globe. As in 2017 the growth registered for world crude oil production was 0.4 million barrels/day while the crude oil production in the Middle east rose by 1.7 Mb/day. Further, the increasing oil explorations and search for new oil fields has led the adoption of Specialty Oilfield Chemicals across the forecast period. However, with the rising Geopolitical Issues over the main oil producing countries in the middle east hinders the Specialty Oilfield Chemicals market over the forecast period of 2020-2027.
The regional analysis of global Specialty Oilfield Chemicals market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the presence of various key producers of specialty oilfield chemicals in the region and increasing exploration activities for shale gas & oil reserves. Whereas, North America is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as Factors such as increasing consumption of well stimulation chemicals, and recent boom in shale gas innovation coupled with increasing demand for energy would create lucrative growth prospects for the Specialty Oilfield Chemicals market across North America region.
Major market player included in this report are:
Badische Anilin und Soda Fabrik (BASF) SE (Germany)
Ecolab Inc. (US)
Clariant AG (US)
DuPont de Nemours, Inc. US)
Solvay SA (Belgium)
Schlumberger (US)
AkzoNobel NV (Netherlands)
Halliburton (US)
Baker Hughes (US)
Albemarle Corporation
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
Demulsifiers
Inhibitors & Scavengers
Rheology Modifiers
Friction Reducers
Specialty Surfactants
Specialty Biocides
Pour-point Depressants
Others
By Application:
Production
Well Stimulation
Drilling Fluids
Workover & Completion
Enhanced Oil Recovery (EOR)
Cementing
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027
Target Audience of the Global Specialty Oilfield Chemicals Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
Badische Anilin und Soda Fabrik (BASF) SE (Germany)
Ecolab Inc. (US)
Clariant AG (US)
DuPont de Nemours, Inc. US)
Solvay SA (Belgium)
Schlumberger (US)
AkzoNobel NV (Netherlands)
Halliburton (US)
Baker Hughes (US)
Albemarle Corporation
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