Increasing use of specialty oilfield chemicals for application in drilling activities, cementing, production, enhanced oil recovery, and well stimulation is a key factor driving market revenue growth.
Market Size - USD 10.98 Billion in 2020, Market Growth - CAGR of 3.9%, Market Trends - Increasing focus of major players on technological advancements in developing and introducing more environment-friendly products and solutions.
The global specialty oilfield chemicals market size is expected to reach USD 14.95 Billion in 2028, and register a CAGR of 3.9% during the forecast period. Market growth is expected to be driven by increasing demand for crude oil and petroleum from power and energy industry, and increasing number of deep-drilling projects for extraction of oil and gas from existing and new unconventional reserves.
Increasing exploration activities is expected to result in high demand for the product, and is expected to drive market growth. However, fluctuating crude oil price and stringent regulations concerning negative impact of using certain chemicals on the environment are factors that could hamper growth of the global specialty oilfield chemicals market to some extent.
Some Key Findings From the Report:
For the purpose of this report, the global specialty oilfield chemicals market has been segmented on the basis of product, application, and region.
Product Outlook:
Application Outlook:
Region Outlook
Reasons to Buy the Report
Market Size - USD 10.98 Billion in 2020, Market Growth - CAGR of 3.9%, Market Trends - Increasing focus of major players on technological advancements in developing and introducing more environment-friendly products and solutions.
The global specialty oilfield chemicals market size is expected to reach USD 14.95 Billion in 2028, and register a CAGR of 3.9% during the forecast period. Market growth is expected to be driven by increasing demand for crude oil and petroleum from power and energy industry, and increasing number of deep-drilling projects for extraction of oil and gas from existing and new unconventional reserves.
Increasing exploration activities is expected to result in high demand for the product, and is expected to drive market growth. However, fluctuating crude oil price and stringent regulations concerning negative impact of using certain chemicals on the environment are factors that could hamper growth of the global specialty oilfield chemicals market to some extent.
Some Key Findings From the Report:
- Among the product segments, the demulsifier segment accounted for the largest revenue share in 2020, followed by the inhibitor and scavenger segment in terms of revenue share.
- Among the application segments, the well stimulation segment is expwcted to register a robust revenue CAGR over the forecast period.
- North America market accounted for the largest revenue share in 2020, followed by the Middle East & Africa market.
- Increasing demand for the product from markets in Saudi Arabia, Kuwait, and Iran is expected to drive revenue growth of the Middle East & Africa market.
- Companies profiled in the market report include BASF SE, Solvay, Akzo Nobel NV, Huntsman International LLC, Thermax Global, Sadara, Global Drilling Fluids & Chemicals Limited, Roemex Limited, Schlumberger, and Ashland Inc. Major market players deploy various strategies including mergers, acquisitions, partnerships, and new product developments, among other strategies, to stay ahead of the competition and expand market footprint. Companies are focusing on providing oilfield specialty chemical products quickly and efficiently, and at more cost-effective prices to maximize competitiveness.
For the purpose of this report, the global specialty oilfield chemicals market has been segmented on the basis of product, application, and region.
Product Outlook:
- Demulsifier
- Deoiler
- Biocide
- Fluid Loss Additive
- Corrosion and Scale Inhibitors
- Clay Stabilizer
- Pour Point Depressant
- Others
Application Outlook:
- Drilling
- Cementing
- Production
- Enhanced Oil Recovery
- Well Stimulation
Region Outlook
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Benelux
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East and Africa
- Saudi Arabia
- UAE
- South Africa
- Rest of Middle East & Africa
Reasons to Buy the Report
- A robust analysis and estimation of the Specialty Oilfield Chemicals Market with four levels of quality check - in-house database, expert interviews, governmental regulation, and a forecast specifically done through time series analysis
- A holistic competitive landscape of the all the major players in Specialty Oilfield Chemicals Market. The report covers their market shares, strategic initiatives, new product launches, R&D expenditure, M&As, Joint ventures, expansionary plans, product wise metric space analysis and key developments
- Go-to-market strategies specifically formulated in line with location analysis which takes into the factors such as government regulations, supplier mapping, supply chain obstacles, and feedback from local vendors
- Most deep dive segmental bifurcation available currently in the market. Our stellar methodology helps us understand the overall gamut of the supply chain and will help you explain the current market dynamics
- Special focus given on vendor landscape, supplier portfolio, customer mapping, production capacity, and yearly capacity utilization
Table of Contents
Chapter 1. Market Synopsis
Chapter 2. Executive Summary
Chapter 3. Indicative Metrics
Chapter 4. Specialty Oilfield Chemicals Segmentation & Impact Analysis
Chapter 5. Specialty Oilfield Chemicals Market By Product Insights & Trends
Chapter 6. Specialty Oilfield Chemicals Market By Application Insights & Trends
Chapter 7. Specialty Oilfield Chemicals Market Regional Outlook
Chapter 8. Competitive Landscape
Chapter 9. Company Profiles
Companies Mentioned
- BASF SE
- Solvay
- Akzo Nobel NV
- Huntsman International LLC
- Thermax Global
- Sadara
- Global Drilling Fluids & Chemicals Limited
- Roemex Limited
- Schlumberger
- Ashland Inc.
