Market Overview:
The global crude oil well corrosion inhibitor market is estimated to grow from USD 1.5 billion in 2018 to USD 2.4 billion by 2030, at a CAGR of 5.5% from 2018 to 2030. The growth of the market can be attributed to the increasing demand for crude oil and rising concerns about the corrosion of wells and pipelines due to various factors such as acidic rain, sulfurous gases, and salt water intrusion. Based on type, the global crude oil well corrosion inhibitor market is segmented into imidazolines, organic amines, organic phosphoric acid, other organic inhibitors, and inorganic inhibitors.
Product Definition:
A Crude Oil Well Corrosion Inhibitor is a chemical compound that is added to crude oil in order to prevent or slow down the corrosion of metal surfaces in the wellbore and production facilities.
Imidazolines:
Imidazolines are organic compounds with nitrogen and oxygen functional groups. They have a pyridine-like structure. Imidazolines are colorless, water-soluble, and highly soluble in alcohols & solvents. The product is used as a corrosion inhibitor in crude oil well inhibit the growth of bacteria which causes hole corrosion in oil & gas wells during production operations such as hydraulic fracturing or drilling operations for shale gas or tight oil extraction from the ground surface.
Organic Amines:
Organic amines are nitrogen-based compounds. They are basic heterocyclic chemical compounds with the formula (NH2)3CO2H. Some typical organic amines include ethanolamines, diethanolamines, triethanolamine, and N-methyl morpholine; they have a similar structure with different groups attached to the same carbon atom.
Application Insights:
The global crude oil well corrosion inhibitor market is segmented by application into land oil well and ocean oil well. The land oil well application segment dominated the overall industry in terms of revenue share in 2017, accounting for over 60% of the total market volume. This high share is attributable to rising demand from onshore activities such as shale gas and tight gas extraction along with offshore activities such as deepwater drilling and exploration for hydrocarbons in harsh environments.
Crudeoilwells are drilled into the earth's crust through a borehole then connected to wells that carry its produced fluids to the surface. Corrosion inhibitors are used at various stages during this process including cementing, perforating, casing/ tubing installation & removal operations leading up to production stage where it meets with other additives like proppant management services before hydraulic fracturing occurs.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The presence of major crude oil reserves in countries such as China, India, Vietnam, Indonesia and Thailand are some of the key factors contributing to regional growth. Furthermore, increasing offshore drilling activities coupled with growing exploration activities off-shore from India and China are estimated to drive product demand further.
The Middle East & Africa region is anticipated to witness significant growth over the forecast period owing to rising oil production levels across major economies including Saudi Arabia and Iran. In addition, large proven reserves of crude oil in Nigeria will also help boost industry expansion over the next eight years. However political instability along with economic sanctions imposed by various nations such as U.S.
Growth Factors:
- Increasing demand from the oil and gas industry for crude oil well corrosion inhibitors to protect equipment and pipelines from corrosion.
- Growing investment in the oil and gas sector, which is expected to drive the demand for crude oil well corrosion inhibitors over the forecast period.
- Rising awareness among consumers about the benefits of using crude oil well corrosion inhibitors in order to reduce maintenance costs and extend equipment life.
- Technological advancements in crude oil production processes that are resulting in increased use of corrosive chemicals, which is expected to boost demand for crude oil well corrosion inhibitors over the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Crude Oil Well Corrosion Inhibitor Market Research Report
By Type
Imidazolines, Organic Amines, Organic Phosphoric Acid, Other Organic Corrosion Inhibitors, Inorganic Corrosion Inhibitors
By Application
Land Oil Well, Ocean Oil Well
By Companies
Ecolab, GE (Baker Hughes), SUEZ Water Technologies & Solutions, Halliburton, Schlumberger, Lubrizol, Solenis, BASF, Clariant, ICL Advanced Additives, LANXESS, Lonza, Daubert Chemical
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
188
Number of Tables & Figures
132
Customization Available
Yes, the report can be customized as per your need.
Global Crude Oil Well Corrosion Inhibitor Market Report Segments:
The global Crude Oil Well Corrosion Inhibitor market is segmented on the basis of:
Types
Imidazolines, Organic Amines, Organic Phosphoric Acid, Other Organic Corrosion Inhibitors, Inorganic Corrosion Inhibitors
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Land Oil Well, Ocean Oil Well
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Ecolab
- GE (Baker Hughes)
- SUEZ Water Technologies & Solutions
- Halliburton
- Schlumberger
- Lubrizol
- Solenis
- BASF
- Clariant
- ICL Advanced Additives
- LANXESS
- Lonza
- Daubert Chemical
Highlights of The Crude Oil Well Corrosion Inhibitor Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Imidazolines
- Organic Amines
- Organic Phosphoric Acid
- Other Organic Corrosion Inhibitors
- Inorganic Corrosion Inhibitors
- By Application:
- Land Oil Well
- Ocean Oil Well
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Crude Oil Well Corrosion Inhibitor Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Crude oil well corrosion inhibitor is a chemical or mixture of chemicals that are used to prevent the deterioration of metal in oil wells.
Some of the major companies in the crude oil well corrosion inhibitor market are Ecolab, GE (Baker Hughes), SUEZ Water Technologies & Solutions, Halliburton, Schlumberger, Lubrizol, Solenis, BASF, Clariant, ICL Advanced Additives, LANXESS, Lonza, Daubert Chemical.
The crude oil well corrosion inhibitor market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Crude Oil Well Corrosion Inhibitor Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Crude Oil Well Corrosion Inhibitor Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Crude Oil Well Corrosion Inhibitor Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Crude Oil Well Corrosion Inhibitor Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Crude Oil Well Corrosion Inhibitor Market Size & Forecast, 2018-2028
4.5.1 Crude Oil Well Corrosion Inhibitor Market Size and Y-o-Y Growth
4.5.2 Crude Oil Well Corrosion Inhibitor Market Absolute $ Opportunity
Chapter 5 Global Crude Oil Well Corrosion Inhibitor Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Crude Oil Well Corrosion Inhibitor Market Size Forecast by Type
5.2.1 Imidazolines
5.2.2 Organic Amines
5.2.3 Organic Phosphoric Acid
5.2.4 Other Organic Corrosion Inhibitors
5.2.5 Inorganic Corrosion Inhibitors
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Crude Oil Well Corrosion Inhibitor Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Crude Oil Well Corrosion Inhibitor Market Size Forecast by Applications
6.2.1 Land Oil Well
6.2.2 Ocean Oil Well
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Crude Oil Well Corrosion Inhibitor Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Crude Oil Well Corrosion Inhibitor Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Crude Oil Well Corrosion Inhibitor Analysis and Forecast
9.1 Introduction
9.2 North America Crude Oil Well Corrosion Inhibitor Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Crude Oil Well Corrosion Inhibitor Market Size Forecast by Type
9.6.1 Imidazolines
9.6.2 Organic Amines
9.6.3 Organic Phosphoric Acid
9.6.4 Other Organic Corrosion Inhibitors
9.6.5 Inorganic Corrosion Inhibitors
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Crude Oil Well Corrosion Inhibitor Market Size Forecast by Applications
9.10.1 Land Oil Well
9.10.2 Ocean Oil Well
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Crude Oil Well Corrosion Inhibitor Analysis and Forecast
10.1 Introduction
10.2 Europe Crude Oil Well Corrosion Inhibitor Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Crude Oil Well Corrosion Inhibitor Market Size Forecast by Type
10.6.1 Imidazolines
10.6.2 Organic Amines
10.6.3 Organic Phosphoric Acid
10.6.4 Other Organic Corrosion Inhibitors
10.6.5 Inorganic Corrosion Inhibitors
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Crude Oil Well Corrosion Inhibitor Market Size Forecast by Applications
10.10.1 Land Oil Well
10.10.2 Ocean Oil Well
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Crude Oil Well Corrosion Inhibitor Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Crude Oil Well Corrosion Inhibitor Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Crude Oil Well Corrosion Inhibitor Market Size Forecast by Type
11.6.1 Imidazolines
11.6.2 Organic Amines
11.6.3 Organic Phosphoric Acid
11.6.4 Other Organic Corrosion Inhibitors
11.6.5 Inorganic Corrosion Inhibitors
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Crude Oil Well Corrosion Inhibitor Market Size Forecast by Applications
11.10.1 Land Oil Well
11.10.2 Ocean Oil Well
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Crude Oil Well Corrosion Inhibitor Analysis and Forecast
12.1 Introduction
12.2 Latin America Crude Oil Well Corrosion Inhibitor Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Crude Oil Well Corrosion Inhibitor Market Size Forecast by Type
12.6.1 Imidazolines
12.6.2 Organic Amines
12.6.3 Organic Phosphoric Acid
12.6.4 Other Organic Corrosion Inhibitors
12.6.5 Inorganic Corrosion Inhibitors
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Crude Oil Well Corrosion Inhibitor Market Size Forecast by Applications
12.10.1 Land Oil Well
12.10.2 Ocean Oil Well
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Crude Oil Well Corrosion Inhibitor Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Crude Oil Well Corrosion Inhibitor Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Crude Oil Well Corrosion Inhibitor Market Size Forecast by Type
13.6.1 Imidazolines
13.6.2 Organic Amines
13.6.3 Organic Phosphoric Acid
13.6.4 Other Organic Corrosion Inhibitors
13.6.5 Inorganic Corrosion Inhibitors
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Crude Oil Well Corrosion Inhibitor Market Size Forecast by Applications
13.10.1 Land Oil Well
13.10.2 Ocean Oil Well
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Crude Oil Well Corrosion Inhibitor Market: Competitive Dashboard
14.2 Global Crude Oil Well Corrosion Inhibitor Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Ecolab
14.3.2 GE (Baker Hughes)
14.3.3 SUEZ Water Technologies & Solutions
14.3.4 Halliburton
14.3.5 Schlumberger
14.3.6 Lubrizol
14.3.7 Solenis
14.3.8 BASF
14.3.9 Clariant
14.3.10 ICL Advanced Additives
14.3.11 LANXESS
14.3.12 Lonza
14.3.13 Daubert Chemical
