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Oilfield Chemicals Market by Type and Application: Global Opportunity Analysis and Industry Forecast, 2017-2023

  • ID: 4612602
  • Report
  • May 2017
  • Region: Global
  • 170 pages
  • Allied Analytics LLP
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The global oilfield chemicals market was valued at $41,667 million in 2016, and is estimated to reach $59,925 million by 2023, growing at a CAGR of 5.2% from 2017 to 2023. Oilfield chemicals are used in various stages of oil & gas exploration along with reduced corrosion in the pipelines. Various type of oilfield chemicals are used in oilfields to reduce the maintenance of the equipment and to improve efficiency of the processes. These chemicals are applicable in different stages of oil exploration and are an integral part of the oil & gas industry. These chemicals provide high performance, temperature stability, and inhibit contamination in the drilling fluid system. In the production division, these chemicals help to separate oil from gas & water, enable consistent flow of oil from well, and enhance oil production.

In 2016, North America was the leading region in global oilfield chemicals due to the growth in oil & gas activities in this region with the advancement in hydraulic fracturing and drilling processes. U.S. was the leading country in the North American oilfield chemicals market, followed by Canada. LAMEA followed North America, owing to the increase in investment in the development of new oil well and new oil discoveries in deep well drilling in the developing nations, such as Brazil. The global market is driven by the rise in oil exploration & production activities, which increases the need for oilfield chemicals, demand for advanced drilling fluids, growth in deep-water & ultra-deep-water drilling projects, and rapid expansion of shale oil & gas drilling and production. Moreover, the ongoing activities to fulfill increased global energy demand brought more petroleum crude oil wells to production state globally increases the demand for oilfield chemicals. However, crude oil price fluctuations and increase in environmental concerns are expected to hamper the market growth in the near future.

The global oilfield chemicals market is segmented based on type, application, and geography. On the basis of type, it is divided as biocides, corrosion & scale inhibitors, demulsifiers, surfactants, polymers, gellants & viscosifiers, and others. On the basis of application, it is categorized intodrilling fluids, cementing, enhanced oil recovery, production chemicals, well stimulation, and workover & completion. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

In September 2016, Clariant, a specialty chemical manufacturer acquired two Texas based companies named Kel-Tech and X-Chem to strengthen its North American oilfield production chemicals business. These two companies provide hydraulic fracturing chemicals to energy customers.

The major market players are as follows:

Baker Hughes
Schlumberger Limited
Halliburton
Solvay S.A.
Ecolab Inc.
Newpark Resources Inc.
BASF SE
Lubrizol Corporation
Akzonobel NV
Albemarle Corp.

KEY MARKET BENEFITS FOR STAKEHOLDERS

This report provides an extensive analysis of the current & emerging market trends and dynamics of the global oilfield chemicals market.
In-depth analysis of all regions is conducted by constructing the market estimations for key segments from 2017 to 2023 to identify the prevailing opportunities.
The report assists to understand the strategies adopted by the companies for market expansion.
This study evaluates the competitive landscape to understand the market scenario across various regions.
Extensive analysis is conducted by following key player positioning and monitoring the top competitors within the market framework.

KEY MARKET SEGMENTS

By Type

Biocides
Corrosion & Scale Inhibitors
Demulsifiers
Surfactants
Polymers
Gellants & Viscosifiers
Other Chemicals

By Application

Drilling Fluids
Cementing
Enhanced Oil Recovery
Production Chemicals
Well Stimulation
Workover & Completion

By Geography

North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Denmark
Italy
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Australia
Rest of Asia-Pacific
LAMEA
Brazil
Argentina
South Africa
Saudi Arabia
Rest of LAMEA

The other major players in the industry include the following:

E I Dupont de Nemours and Company
Huntsman Corporation
Kemira Oyj
Clariant AG
Chemcon Specialty Chemicals Pvt. Ltd.
Universal Oil Field Chemicals Pvt. Ltd.
Imperial Oilfield Chemicals Pvt. Ltd.
REDA Oilfield
Stepan Company
Champion Technologies

*The above list of companies is not profiled in the report, but can be added based on interest.
Note: Product cover images may vary from those shown
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CHAPTER 1. INTRODUCTION
1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS
1.3. KEY MARKET SEGMENT
1.4. RESEARCH METHODOLOGY
1.4.1. Secondary Research
1.4.2. Primary Research
1.4.3. Analyst Tool & Model

CHAPTER 2. EXECUTIVE SUMMARY
2.1. MARKET SNAPSHOT
2.2. CXO PERSPECTIVES

CHAPTER 3. MARKET OVERVIEW
3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS
3.2.1. Top Investment Pockets
3.2.2. Top Winning Strategies
3.3. MARKET PLAYER POSITIONING
3.4. PORTERS FIVE FORCES ANALYSIS
3.5. MARKET DYNAMICS
3.5.1. Drivers
3.5.1.1. Rise in oil exploration and production activities
3.5.1.2. Demand for advanced drilling fluids
3.5.1.3. Rapid expansion of shale oil & gas drilling & production
3.5.2. Restraints
3.5.2.1. Crude oil price fluctuations
3.5.2.2. Increase in environmental concerns
3.5.3. Opportunities
3.5.3.1. Emergence of eco-friendly oilfield chemicals
3.6. MARKET SHARE ANALYSIS, 2016 (%)

CHAPTER 4. GLOBAL OILFIELD CHEMICALS MARKET, BY TYPE
4.1. INTRODUCTION
4.1.1. Market Size and Forecast
4.2. BIOCIDES
4.2.1. Key Market Trends, Growth Factors, and Opportunities
4.2.2. Market Size and Forecast
4.3. CORROSION & SCALE INHIBITORS
4.3.1. Key Market Trends, Growth Factors, and Opportunities
4.3.2. Market Size and Forecast
4.4. DEMULSIFIERS
4.4.1. Key Market Trends, Growth Factors, and Opportunities
4.4.2. Market Size and Forecast
4.5. SURFACTANTS
4.5.1. Key Market Trends, Growth Factors, and Opportunities
4.5.2. Market Size and Forecast
4.6. POLYMERS
4.6.1. Key Market Trends, Growth Factors, and Opportunities
4.6.2. Market Size and Forecast
4.7. GELLANTS & VISCOSIFIER
4.7.1. Key Market Trends, Growth Factors, and Opportunities
4.7.2. Market Size and Forecast
4.8. OTHER CHEMICALS
4.8.1. Key Market Trends, Growth Factors, and Opportunities
4.8.2. Market Size and Forecast

CHAPTER 5. GLOBAL OILFIELD CHEMICALS MARKET, BY APPLICATION
5.1. INTRODUCTION
5.1.1. Market Size and Forecast
5.2. DRILLING FLUIDS
5.2.1. Key Market Trends, Growth Factors, and Opportunities
5.2.2. Market Size and Forecast
5.3. CEMENTING
5.3.1. Key Market Trends, Growth Factors, and Opportunities
5.3.2. Market Size and Forecast
5.4. ENHANCED OIL RECOVERY
5.4.1. Key Market Trends, Growth Factors, and Opportunities
5.4.2. Market Size and Forecast
5.5. PRODUCTION CHEMICALS
5.5.1. Key Market Trends, Growth Factors, and Opportunities
5.5.2. Market Size and Forecast
5.6. WELL STIMULATION
5.6.1. Key Market Trends, Growth Factors, and Opportunities
5.6.2. Market Size and Forecast
5.7. WORKOVER & COMPLETION
5.7.1. Key Market Trends, Growth Factors, and Opportunities
5.7.2. Market Size and Forecast

CHAPTER 6. GLOBAL OILFIELD CHEMICALS MARKET, BY GEOGRAPHY
6.1. INTRODUCTION
6.1.1. Market Size and Forecast
6.2. NORTH AMERICA
6.2.1. Key Market Trends, Growth Factors, and Opportunities
6.2.2. Market Size and Forecast
6.2.3. U.S.
6.2.3.1. Market size and forecast by type
6.2.3.2. Market size and forecast by application
6.2.4. Canada
6.2.4.1. Market size and forecast by type
6.2.4.2. Market size and forecast by application
6.2.5. Mexico
6.2.5.1. Market size and forecast by type
6.2.5.2. Market size and forecast by application
6.3. EUROPE
6.3.1. Key Market Trends, Growth Factors, and Opportunities
6.3.2. Market Size and Forecast
6.3.3. UK
6.3.3.1. Market size and forecast by type
6.3.3.2. Market size and forecast by application
6.3.4. Germany
6.3.4.1. Market size and forecast by type
6.3.4.2. Market size and forecast by application
6.3.5. France
6.3.5.1. Market size and forecast by type
6.3.5.2. Market size and forecast by application
6.3.6. Denmark
6.3.6.1. Market size and forecast by type
6.3.6.2. Market size and forecast by application
6.3.7. Italy
6.3.7.1. Market size and forecast by type
6.3.7.2. Market size and forecast by application
6.3.8. Rest of Europe
6.3.8.1. Market size and forecast by type
6.3.8.2. Market size and forecast by application
6.4. ASIA-PACIFIC
6.4.1. Key Market Trends, Growth Factors, and Opportunities
6.4.2. Market Size and Forecast
6.4.3. China
6.4.3.1. Market size and forecast by type
6.4.3.2. Market size and forecast by application
6.4.4. India
6.4.4.1. Market size and forecast by type
6.4.4.2. Market size and forecast by application
6.4.5. Japan
6.4.5.1. Market size and forecast by type
6.4.5.2. Market size and forecast by application
6.4.6. South Korea
6.4.6.1. Market size and forecast by type
6.4.6.2. Market size and forecast by application
6.4.7. Australia
6.4.7.1. Market size and forecast by type
6.4.7.2. Market size and forecast by application
6.4.8. Rest of Asia-Pacific
6.4.8.1. Market size and forecast by type
6.4.8.2. Market size and forecast by application
6.5. LAMEA
6.5.1. Key Market Trends, Growth Factors, and Opportunities
6.5.2. Market Size and Forecast
6.5.3. Brazil
6.5.3.1. Market size and forecast by type
6.5.3.2. Market size and forecast by application
6.5.4. Argentina
6.5.4.1. Market size and forecast by type
6.5.4.2. Market size and forecast by application
6.5.5. South Africa
6.5.5.1. Market size and forecast by type
6.5.5.2. Market size and forecast by application
6.5.6. Saudi Arabia
6.5.6.1. Market size and forecast by type
6.5.6.2. Market size and forecast by application
6.5.7. Rest of LAMEA
6.5.7.1. Market size and forecast by type
6.5.7.2. Market size and forecast by application

CHAPTER 7. COMPANY PROFILES
7.1. BAKER HUGHES
7.1.1. Company Overview
7.1.2. Company Snapshot
7.1.3. Operating Business Segments
7.1.4. Business Performance
7.1.5. Key Strategic Moves and Developments
7.2. SCHLUMBERGER LTD.
7.2.1. Company Overview
7.2.2. Company Snapshot
7.2.3. Operating Business Segments
7.2.4. Business Performance
7.2.5. Key Strategic Moves and Developments
7.3. HALLIBURTON
7.3.1. Company Overview
7.3.2. Company Snapshot
7.3.3. Operating Business Segments
7.3.4. Business Performance
7.3.5. Key Strategic Moves and Developments
7.4. SOLVAY S.A.
7.4.1. Company Overview
7.4.2. Company Snapshot
7.4.3. Operating Business Segments
7.4.4. Business Performance
7.4.5. Key Strategic Moves and Developments
7.5. ECOLAB INC.
7.5.1. Company Overview
7.5.2. Company Snapshot
7.5.3. Operating Business Segments
7.5.4. Business Performance
7.5.5. Key Strategic Moves and Developments
7.6. NEWPARK RESOURCES INC.
7.6.1. Company Overview
7.6.2. Company Snapshot
7.6.3. Operating Business Segments
7.6.4. Business Performance
7.6.5. Key Strategic Moves and Developments
7.7. BASF SE
7.7.1. Company Overview
7.7.2. Company Snapshot
7.7.3. Operating Business Segments
7.7.4. Business Performance
7.7.5. Key Strategic Moves and Developments
7.8. LUBRIZOL CORPORATION
7.8.1. Company Overview
7.8.2. Company Snapshot
7.8.3. Operating Business Segments
7.8.4. Business Performance
7.8.5. Key Strategic Moves and Developments
7.9. AKZONOBEL NV
7.9.1. Company Overview
7.9.2. Company Snapshot
7.9.3. Operating Business Segments
7.9.4. Business Performance
7.9.5. Key Strategic Moves and Developments
7.10. ALBEMARLE CORP
7.10.1. Company Overview
7.10.2. Company Snapshot
7.10.3. Operating Business Segments
7.10.4. Business Performance
7.10.5. Key Strategic Moves and Developments
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According to a new report titled, Oilfield Chemicals Market by Type and Application: Global Opportunity Alysis and Industry Forecast, 2017-2023, the oilfield chemicals market was valued at $41,667 million in 2016, and is estimated to reach $59,925 million by 2023, registering a CAGR of 5.2% from 2017 to 2023. In 2016, the drilling fluid application segment accounted for around one-third share of the total market.

Oilfield chemicals are chemical components that are used in various stages of oil & gas exploration to enhance these operations by improving productivity and efficiency of oil drilling processes. These chemicals allow temperature stability, high performance, and inhibit contamition in the drilling fluid system. It also reduces the expense over stoppages & delays by maintaining smooth operating oilfields. Moreover, these chemicals find extensive application in different stages of oil exploration and are an integral part of the oil & gas industry.

The growth of the global market is driven by the enduring activities to meet the increasing energy demand globally, which brought more petroleum crude oil wells to production state globally, which increases the demand for oilfield chemicals. Moreover, rise in exploration & production activities increases the need for oilfield chemicals, demand for advanced drilling fluids, and growth in deepwater & ultra-deepwater drilling projects are driving the global market. However, crude oil price fluctuations and increase in environmental concerns are expected to hamper the market growth in the near future. The emergence of eco-friendly oilfield chemicals is expected to provide a substantial growth opportunity in the near future.

The corrosion & scale inhibitors was the leading segment in 2016, and expected to domite the market during the forecast period, as these control corrosions in tubing, casing, pipes, and other accessories; and help reduce foam & wax formation and bacterial growth, reduce fluid loss during operation and improve process efficiency.

The drilling fluids is the leading application segment, followed by well stimulation. Oilfield chemicals are widely used in drilling fluids to improve the productivity and efficiency of the oil drilling process. These chemicals safeguard the network of pipes used during drilling in an oilfield, which is affected by the factors, such as biological deposits, water, hydrogen sulfide, and other organic acids.

Key findings of the Oilfield Chemicals Market:

In 2016, North America domited the global market, with more than two-thirds share in the overall market.
The demulsifier segment is estimated to grow at highest CAGR of 6.1% from 2017 to 2023.
In 2016, the corrosion & scale inhibitor was the leading segment, accounting for nearly one-third share in global market.
The well stimulation application segment is estimated to grow at highest growth rate, registering a CAGR of 6.0%.
Asia-Pacific is expected to grow at highest CAGR of 6.7%, during the forecast period.
U.S. is the leading country in global market, growing at a CAGR of 4.6% from 2017 to 2023.

In 2016, North America domited the global market, owing to the growth in oil gas activities with the advancement in hydraulic fracturing and drilling processes. Moreover, technological advancement and increase in drilling activities are expected to increase the demand for oilfield chemicals in the near future. U.S. domited the North America oilfield chemicals market in 2016, followed by Cada. LAMEA is the second leading geographical segment, which is expected to register a CAGR of 5.9% from 2017 to 2013.

The key companies profiled in the report include Baker Hughes, Schlumberger Limited, Halliburton, Solvay S.A., Ecolab Inc., Newpark Resources Inc., BASF SE, Lubrizol Corporation, Akzonobel NV, and Albemarle Corp.
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The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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