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Oilfield Chemicals - Global Market Trajectory & Analytics

  • ID: 516883
  • Report
  • April 2021
  • Region: Global
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • Akzo Nobel NV
  • Albemarle Corp.
  • Baker Hughes
  • Elementis Plc
  • Halliburton Company
  • NALCO Champion
  • MORE
Global Oilfield Chemicals Market to Reach $43.9 Billion by 2027

Amid the COVID-19 crisis, the global market for Oilfield Chemicals estimated at US$27.9 Billion in the year 2020, is projected to reach a revised size of US$43.9 Billion by 2027, growing at a CAGR of 6.7% over the analysis period 2020-2027. Drilling Fluids, one of the segments analyzed in the report, is projected to record a 7.6% CAGR and reach US$17.5 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Stimulation Chemicals segment is readjusted to a revised 7.7% CAGR for the next 7-year period.



The U.S. Market is Estimated at $7.5 Billion, While China is Forecast to Grow at 10.3% CAGR

The Oilfield Chemicals market in the U.S. is estimated at US$7.5 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$9.7 Billion by the year 2027 trailing a CAGR of 10.3% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.6% and 6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.3% CAGR.

Production Chemicals Segment to Record 4.3% CAGR

In the global Production Chemicals segment, USA, Canada, Japan, China and Europe will drive the 3.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$2.7 Billion in the year 2020 will reach a projected size of US$3.5 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$6 Billion by the year 2027, while Latin America will expand at a 5.3% CAGR through the analysis period.

Select Competitors (Total 147 Featured):
  • Akzo Nobel NV
  • Albemarle Corp.
  • Baker Hughes
  • Elementis Plc
  • Halliburton Company
  • NALCO Champion
  • Newpark Resources, Inc.
  • Schlumberger Limited
  • Schlumberger Limited (M-I SWACO)
  • Solvay SA
  • The Lubrizol Corporation
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Akzo Nobel NV
  • Albemarle Corp.
  • Baker Hughes
  • Elementis Plc
  • Halliburton Company
  • NALCO Champion
  • MORE
I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of COVID-19 and Looming Global Recession
  • COVID Impact on Oil & Gas Industry
  • An Introduction to Oilfield Chemicals
  • Global Market Prospects & Outlook
2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS
  • Need to Improve Productivity & Efficiency of Oil Fields Fuels Demand for Oilfield Chemicals
  • E&P Activities Determine Demand Dynamics in the Global Oilfield Chemicals Market
  • Exhibit 1: Global Liquid Fuels Production (in Million Barrels Per Day) for 2015-2021
  • Shale Gas E&P Activities Translate into Opportunities for Oilfield Chemicals Market
  • Exhibit 2: Cumulative E&P Bankruptcy Filings in North America: 2015-2020
  • Market Benefits from the Increase in Deepwater & Ultra-Deepwater Drilling Projects
  • Exhibit 3: Global Project Sanctioning Status by Project Type for 2014-2022
  • Energy Demand Dynamics and Need to Bring Petroleum Crude Oil Wells to Production Drives Demand for Oilfield Chemicals
  • Demand for Petroleum-based Fuel from Transportation Industry Augurs Well for the Market
  • Exhibit 4: Energy Demand in Transportation Sector by Energy Type
  • Exhibit 5: US Energy Consumption by Transportation and Other Applications: 2020E
  • Shift towards Unconventional Drilling and Increasing Complexity of Drilling Activities Bodes Well for the Market
  • Demand Poised to Rise for Environment Friendly Oilfield Chemicals
  • Natural Polymeric Materials Hold Potential in Oilfield Operations
  • Specialty Oilfield Chemicals Market: Poised for Growth
  • EOR Chemicals Poised for Healthy Growth
  • Nanotechnology’s Growing Role in Oilfield Chemicals
  • Tremendous Benefits of Custom Oilfield Chemical Manufacturing Augurs Well for the Market
  • Specialty Oilfield Chemicals Gain Traction
  • Innovations & Advancements to Boost Market Prospects
  • Challenges Facing Market Growth
4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS
  • UNITED STATES
  • Oilfield Chemicals Market: An Overview
  • COVID-19 Related Downturn in Oil & Gas Industry to Impact Market Prospects
  • Exhibit 6: US Production of Petroleum and Other Liquids (in Million Barrels Per Day) for 2018-2021
  • Exhibit 7: US Consumption of Petroleum and Other Liquids (in Million Barrels Per Day) for 2018-2021
  • Exhibit 8: US Crude Oil Prices (in US$ Per Barrel) for 2018-2021
  • CANADA
  • JAPAN
  • CHINA
  • EUROPE
  • FRANCE
  • GERMANY
  • ITALY
  • UNITED KINGDOM
  • SPAIN
  • RUSSIA
  • REST OF EUROPE
  • ASIA-PACIFIC
  • AUSTRALIA
  • INDIA
  • Oil & Gas Sector in Deep Distress Amidst the COVID-19 Pandemic
  • SOUTH KOREA
  • REST OF ASIA-PACIFIC
  • LATIN AMERICA
  • ARGENTINA
  • BRAZIL
  • MEXICO
  • REST OF LATIN AMERICA
  • MIDDLE EAST
  • IRAN
  • ISRAEL
  • SAUDI ARABIA
  • UNITED ARAB EMIRATES
  • REST OF MIDDLE EAST
  • AFRICA
  • COVID-19 Impact on Oil & Gas Industry to Affect Demand for Oilfield Chemicals
IV. COMPETITION
  • Total Companies Profiled: 147
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Akzo Nobel NV
  • Albemarle Corp.
  • Baker Hughes
  • Elementis Plc
  • Halliburton Company
  • NALCO Champion
  • Newpark Resources, Inc.
  • Schlumberger Limited
  • Schlumberger Limited (M-I SWACO)
  • Solvay SA
  • The Lubrizol Corporation
Note: Product cover images may vary from those shown
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