Global Oilfield Chemicals Market, By Type (Gellants & Viscosifiers, Biocides, Lubricants/Friction Reducers, Rheology Modifiers, Corrosion & Scale Inhibitors, Demulsifiers, Scavengers, Polymers, Fluid Loss Additives, Surfactants, Foamers, Pour Point Depressant, Others), Application (Upstream, Midstream, Downstream), Location (Onshore, Offshore), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
The oilfield chemicals market will grow at a rate of 6.34% for the forecast period of 2021 to 2028. High demand for petroleum-based products is a vital factor driving the growth of oilfield chemicals market.
Oilfield chemicals are certain chemical compounds that are used in improving the effectiveness and efficiency of operations associated in an oilfield site. The operations under which these chemicals find their application are drilling, production, completion and several other operations. These chemicals are used in the purification of equipment, machines, oil itself and the oil sites.
Rise of petroleum as a fuel from the automotive industry is the vital factor escalating the market growth, also rise in the usage and demand for shale gas from the various industry verticals, increase in the levels of urbanization and population boom all over the globe and increase in the unique characteristics of specialty oilfield chemicals are the major factors among others driving the oilfield chemicals market. Moreover, increase in aging oil reservoirs and discoveries of new oilfields will further create new opportunities for the oilfield chemicals market in the forecast period of 2021- 2028.
However, declining crude oil prices and rise in the geopolitical issues in the Middle East are the major factors among others acting as restraints, while stringent environmental regulations will further challenge the growth of oilfield chemicals market in the forecast period mentioned above.
This oilfield chemicals market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on the oilfield chemicals market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Oilfield Chemicals Market Scope and Market Size
The oilfield chemicals market is segmented on the basis of type, application and location. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- Based on type, the oilfield chemicals market is segmented into gellants & viscosifiers, biocides, lubricants/friction reducers, rheology modifiers, corrosion & scale inhibitors, demulsifiers, scavengers, polymers, fluid loss additives, surfactants, foamers, pour point depressant and others.
- Based on application, the oilfield chemicals market is segmented into upstream, midstream and downstream.
- The oilfield chemicals market is also segmented on the basis of location into onshore and offshore.
Oilfield Chemicals Market Country Level Analysis
The oilfield chemicals market is analysed and market size, volume information is provided by country, type, application and location as referenced above.
The countries covered in the oilfield chemicals market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the oilfield chemicals market due to rise in the applications in the workover & completion and production sector and rise in the usage and demand for shale gas from the various industry verticals in this region. Asia-Pacific is the expected region in terms of growth in oilfield chemicals market due to rise in the usage and demand for shale gas from the various industry verticals, increase in the levels of urbanization and population in this region.
The country section of the oilfield chemicals market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Oilfield Chemicals Market Share Analysis
The oilfield chemicals market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to oilfield chemicals market.
The major players covered in the oilfield chemicals market report are Akzo Nobel N.V.; Albemarle Corporation; Zirax Limited; BASF SE; Kemira; Solvay; Ashland; Baker Hughes, a GE company LLC; CES Energy Solutions Corp.; Clariant; Chevron Phillips Chemical Company; Flotek Industries, Inc.; Halliburton; Huntsman International LLC; Innospec Oilfield Services; Ecolab; Schlumberger Limited; Scomi Group Bhd; Dow; Stepan Company; Diamoco Group; EMEC; Gumpro Drilling Fluids Pvt. Ltd.; Chemiphase Ltd; Jiaxing Midas Oilfield Chemical Mfg Co., Ltd; Imperial Oilfield Chemicals Private Limited and AES Drilling Fluids among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Oilfield Chemicals Market
Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.