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Oilfield Drilling Fluid Additives Market - Forecast (2020 - 2025)

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  • 117 Pages
  • March 2020
  • Region: Global
  • IndustryARC
  • ID: 3339418
The report predicts the Oilfields Drilling Fluids Additives Market to grow with a CAGR of 2.56 % over the forecast period of 2018 - 2023. The Global Oilfields Drilling Fluids Additives Market size at $1575.10 million in 2017 is anticipated to grow extensively in 2023. The Global Oilfield Drilling Fluid Additives Market Industry Analysis states, oil production and exploration activities in the past decade have increased due to the rapid growth of the global economy that is highly based oil & gas sector to meet its energy demands.

The chemical formulation has resulted in growing demand for Oil field drilling fluids used in the exploration process. Fluid viscosifiers hold the largest market share of about 81% followed by corrosion inhibitors, which accounted for about 6%. North America has witnessed significant growth in the market with a global share rising to more than 50% of the market in 2017 due to growing offshore drilling activities in the Gulf of Mexico.

What are the major applications of Oilfields Drilling Fluids Additives?

Oilfield Fluids Additives play an important role in oil and gas industry. The drilling fuel additives are most used by the industry are organic chemicals and solvents, surfactants, transition metal compounds, and inorganic salts. These drilling fluid additives majorly applied as a supporting agent for drilling holes on the surface of the earth, typically in oil and natural gas mining.

Apart from this major application, drilling fluid additives are also used in simple bore wells. The influencing factor for using drilling mud additives in oil mining is that it dispense hydrostatic pressure to obstruct formation fluids which will infiltrate into the bore well and always maintains the drill bit in a cooling condition, effectively finishing drill cutting, and postponing the cutting of drill when drilling is halted and when the drilling assembly in moving in to the hole. This drilling mud additives are applied to get rid of formation damage and to prevent from corrosion. The other functions include wetting agents to maintain usability capacity, dispersant, and clay stabilization.

Oilfield drilling fluid additives

Market Research and Market Trends of Oilfields Drilling fluids Additives

Nanotechnology in Drilling Fluids: Nanoparticle has been in a prominent use in almost all the industry operation and requirement in oil and gas mining industry in order to minimize the environmental factors connected with recovery of oil is perilous. Many research studies have also concluded that nanoparticles introducing into drilling lubricant can increase its thermal stability. R&D from major players have reported that nano-additives are capable to increase the strength of well bore, reduce the loss of fluid, friction reduction at the time drilling to a maximum extent.

Integrated Drilling Fluid System: There is always a demand for an integrated system which provides multiple solution in single unit and the customer requires it to be available across the regions. These integrated solution systems available across the region can make possible by means of acquisition and merger. Whole in One is an integrated drilling fluid system which is a combination of more than one component can be used for multi directional drills, provides flexible lubricity and provides performance and speed of an OB drilling lubricant in a favored water based system.

Exploration in offshore drilling: The Oil and Gas Industry move its exploration efforts towards offshore oil mining with a remarkable project along the coastal sides of South America and West Africa. Nanofiltrate membrane is a sodium chloride permeability which is capable to reject more than 50% sodium chloride components, barium and sorium sulphate when operating under sea water. GE’s recent launch, seawater sulphate removal (SWSR) which filters all sulphate composites from the water that has been injected for offshore drilling production.

Who are the Major Players in market?

The key players operating in the Oilfields drilling fluids additives market are Akzo Nobel, BASF SE, Chevron Phillips, DoW Chemical, Innospec Inc., Tetra Technologies and other 10 more companies.

What is our report scope?

The report incorporates in-depth assessment of the competitive landscape, product market sizing, product benchmarking, market trends, product developments, financial analysis, strategic analysis and so on to gauge the impact forces and potential opportunities of the market. Apart from this the report also includes a study of major developments in the market such as product launches, agreements, acquisitions, collaborations, mergers and so on to comprehend the prevailing market dynamics at present and its impact during the forecast period 2017-2023.

Key Takeaways from this Report

  • Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level – for product types, end use applications and by different industry verticals.
  • Understand the different dynamics influencing the market – key driving factors, challenges and hidden opportunities.
  • Get in-depth insights on your competitor performance – market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
  • Analyze the sales and distribution channels across key geographies to improve top-line revenues.
  • Understand the industry supply chain with a deep-dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.
  • Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market.

Table of Contents

1. Oilfield Drilling Fluid Additives Market - Overview
1.1. Definitions and Scope
2. Oilfield Drilling Fluid Additives Market - Executive summary
2.1. Market Revenue, Market Size and Key Trends by Company
2.2. Key Trends by type of Application
2.3. Key Trends segmented by Geography
3. Oilfield Drilling Fluid Additives Market
3.1. Comparative analysis
3.1.1. Product Benchmarking - Top 10 companies
3.1.2. Top 5 Financials Analysis
3.1.3. Market Value split by Top 10 companies
3.1.4. Patent Analysis - Top 10 companies
3.1.5. Pricing Analysis
4. Oilfield Drilling Fluid Additives Market Forces
4.1. Drivers
4.2. Constraints
4.3. Challenges
4.4. Porters five force model
4.4.1. Bargaining power of suppliers
4.4.2. Bargaining powers of customers
4.4.3. Threat of new entrants
4.4.4. Rivalry among existing players
4.4.5. Threat of substitutes
5. Oilfield Drilling Fluid Additives Market -Strategic analysis
5.1. Value chain analysis
5.2. Opportunities analysis
5.3. Product life cycle
5.4. Suppliers and distributors Market Share
6. Oilfield Drilling Fluid Additives Market – By Type (Market Size -$Million / $Billion)
6.1. Market Size and Market Share Analysis
6.2. Application Revenue and Trend Research
6.3. Product Segment Analysis
6.3.1. Fluid Viscosities
6.3.2. Alkalinity Control Soda Ash Citric Acid Lime
6.3.3. Emulsifiers Primary Emulsifier Secondary Emulsifier
6.3.4. Pipe Freeing Agent/Spotting Fluid Non-Weighted Spotting Fluid Weighted Spotting Fluid
6.3.5. Scavengers Zinc Oxide Zinc Carbonate
6.3.6. Corrosion Inhibitors
6.3.7. Dispersants Ionic Non-Ionic
6.3.6. Surface Modifiers
6.3.9. Defoamers Water Alcohol Polyglycol Stearate Oil Silicon Polymer Alkyl Polyacrylates
6.3.10. Biocides Gluteraldehyde Chlorine Tetrakis Hydroxymathyl Phosphonium Sulfate Others
7. Oilfield Drilling Fluid Additives Market – By Fluid Formation (Market Size -$Million / $Billion)
7.1. Water Based
7.1.1. Dispersed
7.1.2. Non-Dispersed
7.1.3. Salt Water drilling fluids
7.1.4. Polymer drilling fluids
7.2. Oil Based
7.3. Synthetic Based
8. Oilfield Drilling Fluid Additives - By Geography (Market Size -$Million / $Billion)
8.1. Oilfield Drilling Fluid Additives Market - North America Segment Research
8.2. North America Market Research (Million / $Billion)
8.2.1. Segment type Size and Market Size Analysis
8.2.2. Revenue and Trends
8.2.3. Application Revenue and Trends by type of Application
8.2.4. Company Revenue and Product Analysis
8.2.5. North America Product type and Application Market Size U.S. Canada Mexico Rest of North America
8.3. Oilfield Drilling Fluid Additives - South America Segment Research
8.4. South America Market Research (Market Size -$Million / $Billion)
8.4.1. Segment type Size and Market Size Analysis
8.4.2. Revenue and Trends
8.4.3. Application Revenue and Trends by type of Application
8.4.4. Company Revenue and Product Analysis
8.4.5. South America Product type and Application Market Size Brazil Venezuela Argentina Ecuador Peru Colombia Costa Rica Rest of South America
8.5. Oilfield Drilling Fluid Additives - Europe Segment Research
8.6. Europe Market Research (Market Size -$Million / $Billion)
8.6.1. Segment type Size and Market Size Analysis
8.6.2. Revenue and Trends
8.6.3. Application Revenue and Trends by type of Application
8.6.4. Company Revenue and Product Analysis
8.6.5. Europe Segment Product type and Application Market Size U.K Germany Italy France Netherlands Belgium Spain Denmark Rest of Europe
8.7. Oilfield Drilling Fluid Additives – APAC Segment Research
8.8. APAC Market Research (Market Size -$Million / $Billion)
8.8.1. Segment type Size and Market Size Analysis
8.8.2. Revenue and Trends
8.8.3. Application Revenue and Trends by type of Application
8.8.4. Company Revenue and Product Analysis
8.8.5. APAC Segment – Product type and Application Market Size China Australia Japan South Korea India Taiwan Malaysia
9. Oilfield Drilling Fluid Additives Market - Entropy
9.1. New product launches
9.2. M&A's, collaborations, JVs and partnerships
10. Oilfield Drilling Fluid Additives Market Company Analysis
10.1. Market Share, Company Revenue, Products, M&A, Developments
10.2. Akzo Nobel
10.3. BASF SE
10.4. Chevron Phillips
10.5. DoW Chemical
10.6. Innospec Inc.
10.7. Tetra Technologies
11. Oilfield Drilling Fluid Additives Market -Appendix
11.1. Abbreviations
11.2. Sources