Report Ocean has recently published the “Oilfield Chemicals Market“ Research Report 2023-2031, offering a comprehensive analysis of the market. This report delves deep into the market dynamics, including key trends, upcoming technologies, drivers, challenges, and regulatory policies. It also features company profiles and strategies of prominent players in the industry. With over 100+ market data tables, pie charts, graphs, and figures, this global market study provides a thorough understanding of the market landscape. It presents a complete assessment, encompassing future trends, current growth factors, informed opinions, factual insights, and industry-validated market data, enabling accurate forecasts until 2031.
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.
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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.
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.
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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.
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
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
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Table of Contents:
- Introduction and Scope
- Definition and Forecast Parameters
- Methodology and Forecast Parameters
- Information Sources
- Latest Trends Summary
- Regional Trends
- Product Trends
- End-Use Trends
- Business Trends
- Industry Insights
- Industry Fragmentation
- Industry Landscape
- Vendor Matrix
- Technological and Innovative Landscape
- Market by Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
- Company Profiles
- Company Overview
- Financial Elements
- Product Landscape
- SWOT Analysis
- Systematic Outlook
What Are the Key Data Covered in This Market Report?
- The report may provide data on the current market size, historical data for previous years, and projections for future growth.
- This data may be presented in terms of revenue, market share, or other relevant metrics.
- The report may include data on the segmentation of the market based on various factors such as product type, application, end-user industry, and geography.
- This data helps to understand the market dynamics within different segments
- The report may highlight key trends and drivers that are shaping the market. This can include technological advancements, regulatory changes, consumer behavior, and industry developments.
- Data on these trends and drivers can provide insights into the factors influencing market growth.
- The report may provide data on the competitive landscape of the market, including key players, their market share, and strategies.
- This data helps to assess the competitive intensity and market positioning of different companies operating in the market.
- The report may outline the challenges and opportunities faced by market participants. This can include factors such as regulatory hurdles, competitive pressures, and emerging market opportunities.
- Data on these challenges and opportunities can inform business decisions and strategies.
- The report may provide data on the market performance and trends in different regions or countries. This can include data on market size, growth rate, and key players in each region.
- Regional data helps to understand market dynamics at a local level.
- The report may include data on consumer behavior, preferences, and buying patterns related to patient engagement solutions.
- This data can provide insights into customer needs and expectations, helping businesses tailor their offerings accordingly.
- The report may provide forecasts for the future of the market based on historical data, market trends, and other factors.
- This data helps stakeholders understand the potential growth and opportunities in the market.
Questions & Answers Market Research/Analysis Report Contains to your following:
- What is the current size of the market and how is it expected to grow in the future?
- What are the key drivers influencing market growth?
- What are the major challenges or constraints faced by market participants?
- What are the emerging trends and opportunities in the market?
- Who are the major competitors in the market and what is their market share?
- What are the key customer segments and their preferences within the market?
- What are the regional or geographic trends and variations within the market?
- What are the regulatory and legal factors impacting the market?
- What are the technological advancements or innovations shaping the market?
- What are the pricing trends and strategies observed in the market?
- What are the distribution channels and their effectiveness in reaching the target market?
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