Oilfield Biocides Market Segmentation by Application (Downstream, Upstream, and Midstream); and by Type [THPS {Tetrakis (Hydroxymethyl) Phosphonium Sulfate}, Glutaraldehyde, TTPC (Tributyl Tetradecyl Phosphonium Chloride), DBNPA (2,2-Dibromo-3-Nitrilopropionamide), Bronopol, QAC (Quaternary Ammonium Compounds), and Others]-Global Demand Analysis & Opportunity Outlook 2031

Global Oilfield Biocides Market Highlights Over 2022 - 2031

The global oilfield biocides market is estimated to grow at a ~ 6% CAGR over the forecast period, i.e., 2022 – 2031. Moreover, the market registered a revenue of approximately USD 6.0 billion in 2021. The growth of the market can be attributed to the rise in the use of oilfield biocides for different applications such as the purification of machines, crude oil transportation, scraping operations, and others. Moreover, there has been a surge in the demand for oil across the globe that is anticipated to increase the application of oilfield biocides for the production of oil. According to the International Energy Agency, global oil demand increased by 1.3 percent in 2018. Moreover, oilfield biocides are used to improve oilfield site operations. Therefore, it is expected to increase the growth of the global oilfield biocides market.

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The global oilfield biocides market is segmented by type into THPS {tetrakis (hydroxymethyl) phosphonium sulfate}, glutaraldehyde, TTPC (tributyl tetradecyl phosphonium chloride), DBNPA (2,2-dibromo-3-nitrilopropionamide), bronopol, QAC (quaternary ammonium compounds), and others. Out of these, the DBNPA (2,2-dibromo-3-nitrilopropionamide) segment is anticipated to hold the largest share over the forecast period in the global oilfield biocides market owing to its ability to eliminate microorganisms and application in a wide variety of fields such as slime control on paper machines, circulating water systems in industries, and others.

Global Oilfield Biocides Market Regional Synopsis

Regionally, the global oilfield biocides market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. The market in the Middle East and Africa region is expected to have the largest share over the forecast period on the back of high volume of production of crude oil and an increase in the export of oil and gas from the region to the other parts of the world. As per the World Energy & Climate Statistics Yearbook 2021, crude oil production in Saudi Arabia was 508 mt, 165 mt in the UAE, and 132 mt in Kuwait in 2020. Moreover, the market in the North America region is expected to grow with the highest CAGR owing to the increase in crude oil production. According to the World Energy & Climate Statistics- Yearbook 2021, the U.S. is the largest producer of crude oil, which accounted for 722 mt in 2020.

Market Segmentation

Our in-depth analysis of the global oilfield biocides market includes the following segments:

By Application

• Downstream

• Upstream

• Midstream

By Type

• THPS {Tetrakis (Hydroxymethyl) Phosphonium Sulfate}

• Glutaraldehyde

• TTPC (Tributyl Tetradecyl Phosphonium Chloride)

• DBNPA (2,2-Dibromo-3-Nitrilopropionamide)

• Bronopol

• QAC (Quaternary Ammonium Compounds)

• Others

Growth Drivers and Challenges Impacting the Growth of the Global Oilfield Biocides Market

Growth Drivers

• Rise in the use of oilfield biocides for different applications

• Surge in the global demand of oil

Challenges

• Harmful effects of oilfield biocides on the environment

• Increase in the use of renewable power sources

Key Companies Dominating the Global Oilfield Biocides Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global oilfield biocides market that are included in our report are Solvay, BASF SE, Halliburton Energy Services, Inc., Evonik Industries AG, Stepan Company, Nouryon Chemicals Holding B.V., Albemarle Corporation., Innospec Inc., Diamoco Group, Ashland., and others.

Latest Developments in the Global Oilfield Biocides Market:

• 1 March 2022: Halliburton Energy Services, Inc., announced the opening of the chemical reaction plant to manufacture a broad variety of chemicals for the entire gas and oil value chain and many other industries.

• 9 October 2018: Nouryon Chemicals Holding B.V. relaunched AkzoNobel specialty chemicals as Nouryon. The move follows the Carlyle Group and GIC's recent acquisition of the company.

Key Reasons to Buy Our Report

• The report covers a detailed analysis comprising market share attained by each market segment and its sub-segments.

• It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact market growth.

• The report includes detailed company profiles of the major players dominating the market.

• We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.

• We provide customized reports as per the client's requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal.

Geography Analysis:

The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

• North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
• Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys  & Opportunity Outlook
• Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Middle East and Africa  (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook

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