Market Overview:
The global oil field specialty chemicals market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for oilfield specialty chemicals from drilling fluids, workover and completion fluids, cementing and stimulation chemicals, oil production chemicals, and enhanced oil recovery (EOR) Chemicals. North America is expected to dominate the global market during the forecast period owing to the presence of major players in this region.
Product Definition:
Oil Field Specialty Chemicals are chemicals which are used in the oil and gas industry. They include solvents, corrosion inhibitors, and other specialty chemicals which are used to improve the efficiency of extraction processes or to protect equipment from damage. The importance of Oil Field Specialty Chemicals is that they help to make the extraction process more efficient and less damaging to equipment.
Demulsifiers:
Demulsifiers are used to reduce the viscosity of oil. They are also used in water treatment and mining applications. The global demulsifiers market is expected to witness significant growth over the forecast period owing to its increasing demand from end-use industries such as automotive, construction, marine, and energy sectors.
Inhibitors & Scavengers:
Inhibitors & Scavengers is a group of chemicals that react together to form an insoluble complex.
The product has applications in the oil field specialty chemicals market as they are used for removing water from the formation along with other functions such as biocides, corrosion inhibitors, and scale inhibitors. They are also used in treating produced water before it is pumped into the wellbore or disposed of on site.
Application Insights:
The drilling fluids segment led the global oil field specialty chemicals market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing demand for high-performance drilling fluids that optimize wellbore conditions for efficient operations at reduced costs, while improving the long-term productivity of wells.
Workover and completion fluids are further classified into cementing and stimulation chemicals, production chemical additives, other production chemical additives including corrosion inhibitors as well as biocides used in onshore activities along with offshore activities such as installation/removal of pipelines or platforms etc., post-salt recovery techniques such as waterflood or steamflood etc., pre-salt recovery techniques such as gas flooding or gas injection etc.
Regional Analysis:
North America dominated the global market in 2017. The U.S., being a major oil producer, is a key contributor to the regional demand for field specialty chemicals. In addition, technological advancements and high R&D investment by industry players are expected to fuel product penetration in North America over the forecast period.
Asia Pacific is estimated to be the fastest-growing region from 2018 to 2030 owing to increasing exploration and production activities across various crude oil fields of China, India, Malaysia and Indonesia as well as growing energy demand from developing economies such as China and India.
Growth Factors:
- Increasing demand for oil field specialty chemicals from the upstream and downstream sectors of the oil and gas industry as a result of the growth in global energy demand.
- Rising investments in exploration and production activities by oilfield service companies to meet the growing demand for petroleum products.
- Proliferation of new technologies and processes that require specialty chemicals for enhanced hydrocarbon recovery, production, processing, and pipeline transportation operations.
- Growing concerns over environmental safety and regulations that are encouraging use of more environmentally friendly specialty chemicals in the oilfield industry operations 5 Increased focus on shale gas development which is expected to drive increased spending on hydraulic fracturing (fracking) fluids, proppants, gels etc., thereby providing opportunities for growth for suppliers of Oil Field Specialty Chemicals
Scope Of The Report
Report Attributes
Report Details
Report Title
Oil Field Specialty Chemicals Market Research Report
By Type
Demulsifiers, Inhibitors & Scavengers, Rheology Modifiers, Friction Reducers, Specialty Biocides, Specialty Surfactants, Pour Point Depressants, Others
By Application
Drilling Fluids, Workover and Completion Fluids, Cementing and Stimulation Chemicals, Oil Production Chemicals, Enhanced Oil Recovery Chemicals
By Companies
BASF, Clariant, Dow, Solvay, Schlumberger, Halliburton, GE (Baker Hughes), Ineos, China National Petroleum Corporation (CNPC), AkzoNobel, Kemira OYJ, Albemarle Corp
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
195
Number of Tables & Figures
137
Customization Available
Yes, the report can be customized as per your need.
Global Oil Field Specialty Chemicals Market Report Segments:
The global Oil Field Specialty Chemicals market is segmented on the basis of:
Types
Demulsifiers, Inhibitors & Scavengers, Rheology Modifiers, Friction Reducers, Specialty Biocides, Specialty Surfactants, Pour Point Depressants, Others
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
Drilling Fluids, Workover and Completion Fluids, Cementing and Stimulation Chemicals, Oil Production Chemicals, Enhanced Oil Recovery Chemicals
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:
- BASF
- Clariant
- Dow
- Solvay
- Schlumberger
- Halliburton
- GE (Baker Hughes)
- Ineos
- China National Petroleum Corporation (CNPC)
- AkzoNobel
- Kemira OYJ
- Albemarle Corp
Highlights of The Oil Field Specialty Chemicals 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:
- Demulsifiers
- Inhibitors & Scavengers
- Rheology Modifiers
- Friction Reducers
- Specialty Biocides
- Specialty Surfactants
- Pour Point Depressants
- Others
- By Application:
- Drilling Fluids
- Workover and Completion Fluids
- Cementing and Stimulation Chemicals
- Oil Production Chemicals
- Enhanced Oil Recovery Chemicals
- 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 Oil Field Specialty Chemicals 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.
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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?
Oil field specialty chemicals are a type of chemical used in the oil and gas industry. They are designed to help improve the production of oil and gas.
Some of the major companies in the oil field specialty chemicals market are BASF, Clariant, Dow, Solvay, Schlumberger, Halliburton, GE (Baker Hughes), Ineos, China National Petroleum Corporation (CNPC), AkzoNobel, Kemira OYJ, Albemarle Corp.
The oil field specialty chemicals 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 Oil Field Specialty Chemicals 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 Oil Field Specialty Chemicals Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Oil Field Specialty Chemicals 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 Oil Field Specialty Chemicals 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 Oil Field Specialty Chemicals Market Size & Forecast, 2020-2028
4.5.1 Oil Field Specialty Chemicals Market Size and Y-o-Y Growth
4.5.2 Oil Field Specialty Chemicals Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Demulsifiers
5.2.2 Inhibitors & Scavengers
5.2.3 Rheology Modifiers
5.2.4 Friction Reducers
5.2.5 Specialty Biocides
5.2.6 Specialty Surfactants
5.2.7 Pour Point Depressants
5.2.8 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Drilling Fluids
6.2.2 Workover and Completion Fluids
6.2.3 Cementing and Stimulation Chemicals
6.2.4 Oil Production Chemicals
6.2.5 Enhanced Oil Recovery Chemicals
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Oil Field Specialty Chemicals 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 Oil Field Specialty Chemicals 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Demulsifiers
9.6.2 Inhibitors & Scavengers
9.6.3 Rheology Modifiers
9.6.4 Friction Reducers
9.6.5 Specialty Biocides
9.6.6 Specialty Surfactants
9.6.7 Pour Point Depressants
9.6.8 Others
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 Market Size Forecast by Applications
9.10.1 Drilling Fluids
9.10.2 Workover and Completion Fluids
9.10.3 Cementing and Stimulation Chemicals
9.10.4 Oil Production Chemicals
9.10.5 Enhanced Oil Recovery Chemicals
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Demulsifiers
10.6.2 Inhibitors & Scavengers
10.6.3 Rheology Modifiers
10.6.4 Friction Reducers
10.6.5 Specialty Biocides
10.6.6 Specialty Surfactants
10.6.7 Pour Point Depressants
10.6.8 Others
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 Market Size Forecast by Applications
10.10.1 Drilling Fluids
10.10.2 Workover and Completion Fluids
10.10.3 Cementing and Stimulation Chemicals
10.10.4 Oil Production Chemicals
10.10.5 Enhanced Oil Recovery Chemicals
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Demulsifiers
11.6.2 Inhibitors & Scavengers
11.6.3 Rheology Modifiers
11.6.4 Friction Reducers
11.6.5 Specialty Biocides
11.6.6 Specialty Surfactants
11.6.7 Pour Point Depressants
11.6.8 Others
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 Market Size Forecast by Applications
11.10.1 Drilling Fluids
11.10.2 Workover and Completion Fluids
11.10.3 Cementing and Stimulation Chemicals
11.10.4 Oil Production Chemicals
11.10.5 Enhanced Oil Recovery Chemicals
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Demulsifiers
12.6.2 Inhibitors & Scavengers
12.6.3 Rheology Modifiers
12.6.4 Friction Reducers
12.6.5 Specialty Biocides
12.6.6 Specialty Surfactants
12.6.7 Pour Point Depressants
12.6.8 Others
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 Market Size Forecast by Applications
12.10.1 Drilling Fluids
12.10.2 Workover and Completion Fluids
12.10.3 Cementing and Stimulation Chemicals
12.10.4 Oil Production Chemicals
12.10.5 Enhanced Oil Recovery Chemicals
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Demulsifiers
13.6.2 Inhibitors & Scavengers
13.6.3 Rheology Modifiers
13.6.4 Friction Reducers
13.6.5 Specialty Biocides
13.6.6 Specialty Surfactants
13.6.7 Pour Point Depressants
13.6.8 Others
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) Market Size Forecast by Applications
13.10.1 Drilling Fluids
13.10.2 Workover and Completion Fluids
13.10.3 Cementing and Stimulation Chemicals
13.10.4 Oil Production Chemicals
13.10.5 Enhanced Oil Recovery Chemicals
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 Oil Field Specialty Chemicals Market: Competitive Dashboard
14.2 Global Oil Field Specialty Chemicals Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BASF
14.3.2 Clariant
14.3.3 Dow
14.3.4 Solvay
14.3.5 Schlumberger
14.3.6 Halliburton
14.3.7 GE (Baker Hughes)
14.3.8 Ineos
14.3.9 China National Petroleum Corporation (CNPC)
14.3.10 AkzoNobel
14.3.11 Kemira OYJ
14.3.12 Albemarle Corp
