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Oilfield Chemicals Market By Chemical Type (Biocides, Corrosion & Scale Inhibitors, Demulsifiers, Polymers, Surfactants, Other Chemicals), By Application (Drilling & Cementing, Enhanced Oil Recovery, Production, Well Stimulation, Workover & Completion) - Growth, Share, Opportunities & Competitive Analysis, 2017 - 2025

This report, titled "Oilfield Chemicals Market: Growth, Future Prospects, and Competitive Analysis, 2017–2025," offers strategic insights into the trends in the oilfield chemicals market along with the market size and forecast for the duration of 2017–2025. The said research study incorporates an in-depth analysis of multiple market segments based on chemical type, application, and geographical distribution.

The global oilfield market is expected to witness high growth, with a growing emphasis on increasing productivity from existing oilfields as the cost of exploring new oilfields is increasing with low international prices. Further, increasing exploration of shale gas has changed the market dynamics of the oil industry. Key players in the oilfield services market account for the majority of the global oilfield market. Furthermore, increased research and development and technological advancement are altering the nature of operations in the oil industry. Further, increasing shale gas exploration activities in Europe and the Asia Pacific are further anticipated to fuel the demand for oilfield chemicals over the forecast period.

The rapid growth of this market has also resulted in the creation of further skilled job opportunities in major hubs spread across North America, Europe, Latin America, the Middle East and Africa, and Asia Pacific.

Based on chemical type, the global oilfield chemicals market is segmented as follows: biocides, corrosion and scale inhibitors, demulsifiers, polymers, surfactants, and other chemicals. By application, the global oilfield chemicals market is segmented into Drilling & Cementing, Enhanced Oil Recovery, Production, Well Stimulation, and Workover & Completion. In addition, oilfield chemicals manufacturing companies, distributors, and academic organizations form the major client types for the oilfield chemicals market. The market size (US$ Mn) and forecast for all the considered segmentations are presented in this report for the period 2015–2025, along with their respective CAGRs (%) for the forecast period 2017–2025.

In terms of geographical distribution, the global oilfield chemicals market is a study of five major regions, namely, North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. Market size and forecasts for each regional and country-level market are included in the report for the considered periods.

To further elucidate, the geographical distribution of the global oilfield chemicals market is described as follows:

  • North America
  • U.S.
  • Canada
  • Europe
  • U.K.
  • Germany
  • Italy
  • France
  • Russia
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • Indonesia
  • South Korea
  • Rest of Asia Pacific
  • Latin America
  • Brazil
  • Mexico
  • rest of Latin America
  • Middle East and Africa (MEA)
  • GCC
  • the remainder of MEA

Along with the quantitative information sets, this report also provides qualitative information, such as market dynamics and an executive summary, for the global oilfield chemicals market. The report also includes tools to help readers with competitive mappings, such as competition assessment and appealing investment propositions. This study concludes with a company profile section. This section includes major information about the key companies engaged in the development and provision of oilfield chemicals.

Based on chemical type, the global oilfield chemicals market is segmented as follows:

  • Biocides
  • Corrosion and scale inhibitors
  • Demulsifiers
  • Polymers
  • Surfactants
  • Other Chemicals

On the basis of chemical type, the global oilfield chemicals market can be segmented into biocides, corrosion and scale inhibitors, demulsifiers, polymers, surfactants, and other chemicals. In 2016, the corrosion and scale inhibitors segment accounted for the largest revenue share in the global oilfield chemicals market. The increasing use of corrosion inhibitors in oilfields to protect equipment from the impact of corrosion is expected to propel the growth of the segment during the forecast period. Biocides are projected to witness high growth owing to the increasing use of water, especially in the exploration of shale gas, which increases the microbial contamination of water. Further, increasing regulatory requirements for water treatment are anticipated to drive the demand for biocides over the forecast period (2017–2025).

Based on the application, the global oilfield chemicals market is segmented as follows:

  • Drilling and cementing
  • Enhanced Oil Recovery
  • Production
  • Well Stimulation
  • Workover and Completion

On the basis of application, the global oilfield chemicals market can be segmented into drilling and cementing, enhanced oil recovery, production, well stimulation, and workover and completion. In 2016, simulation applications were observed to be the largest application segment and are projected to maintain their dominance during the forecast period. Increasing the use of well-stimulation chemicals to improve oil and gas production from reservoirs is expected to drive segment growth during the forecast period. The enhanced oil recovery segment is projected to be the fastest-growing application among all applications. The growing number of matured reserves, along with increasing exploration of heavy crude and shale gas reserves, is projected to drive the growth of the segment over the forecast period (2017–2025).

For the purpose of this study, the global oilfield chemicals market is categorized into three segments:

  • North America
  • Europe
  • Asia Pacific
  • Latin America (LATAM)
  • Middle East and Africa (MEA)

On the basis of geography, the global oilfield chemicals market can be segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. In 2016, North America accounted for the largest share of the global oilfield chemicals market and was also projected to witness robust growth during the forecast period. Growing production of shale gas and tight oil in the U.S. and Canada is expected to fuel the demand for oilfield chemicals in the region. Further, the backdrop of rising crude oil prices is shifting the focus of oil-producing companies on improving oilfield efficiency and productivity from existing reserves. Besides this, the growing emphasis on water treatment and recycling is regulated by various government policies and directives promoting the use of oilfield chemicals in the region. Thus, the region is projected to witness high growth in the consumption of oilfield chemicals over the forecast period (2017–2025).

Frequently Asked Questions:

The market for Oilfield Chemicals Market is expected to reach US$ 34.9 Bn By 2025.

The Oilfield Chemicals Market is expected to see significant CAGR growth over the coming years, at 6.1%.

The report is forecasted from 2017-2025.

The base year of this report is 2016.

Baker Hughes Inc., Air Products and Chemicals Inc, The Lubrizol Corporation, Stephan Company are some of the major players in the global market.

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Trusted By
Godaddy
Published Date:  Jun 2017
Category:  Chemicals
Report ID:   58502
Report Format:   PDF
Pages:   120
Rating:    4.6 (65)
Delivery Time: 24 Hours to 48 Hours   
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