Market Overview:
The global oilfield corrosion inhibitor market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X% during the forecast period. The growth of the market can be attributed to the increasing demand for oilfield corrosion inhibitors from various applications such as oilfield drilling systems, oilfield gathering and transportation systems, and others. In addition, the growing awareness about the benefits of using corrosion inhibitors in various industries is also expected to fuel the growth of this market over the forecast period. On basis on type, organic corrosion inhibitors are expected to account for a larger share in terms revenue contribution as compared to inorganic corrosion inhibitors during 2018-2030 owing their better performance characteristics as well as low toxicity levels. On basis on application, oilfield drilling system segment is anticipated witness highest CAGR over 2018-2030 followed by other segments such as gathering & transportation system and production facilities among others segments included within this study.
Product Definition:
An oilfield corrosion inhibitor is a chemical additive used in drilling fluids to protect metal surfaces from corroding. The importance of using an oilfield corrosion inhibitor is that it can help extend the life of equipment and pipes by preventing or slowing down the rate of corrosion.
Organic Corrosion Inhibitor:
Organic corrosion inhibitor is a chemical that inhibits or delays the process of oxidation in which organic materials such as fats, oils, and greases are converted to carbon dioxide and water. The mechanism by which this takes place is by preventing the access of moisture to the metal surface. Moisture causes an exothermic reaction on contact with steel; it also leads to rapid corrosion if it's present in high quantities.
Inorganic Corrosion Inhibitors:
Inorganic corrosion inhibitors are chemicals that inhibit the progress of inorganic corrosion. The most common form of corrosion is caused by water, which attacks the metal's surface and causes a protective layer to be worn away. Other forms include oxidation (a chemical reaction where oxygen reacts with the metal), galvanic action (a combination of electrical current and water), and thermal stress (temperature rise). In many cases, an inhibitor can prevent or delay altogether such corrosive effects.
Application Insights:
The oilfield drilling system was the dominant application segment in 2017 and accounted for a market share of over 80%. The segment is expected to retain its dominance throughout the forecast period due to extensive use of steel pipes in this application. Drilling fluids are highly corrosive and require efficient inhibitors for effective protection.
Oilfield drilling systems are also used extensively across other applications such as well completions, perforating guns, cementing equipment, mud motors & circulation pumps among others. These systems witness high usage rates owing to their compact size and ability to function under extreme pressure conditions which results in increased demand across various applications regions. In addition, growing focus on increasing production capacity coupled with an increase in exploration activities is anticipated fuel product demand from 2018 through 2030.
Regional Analysis:
North America was the largest regional market in 2017 and accounted for over 35% of the global share. The U.S., being a major oil producer, is one of the most affected countries by corrosion problems owing to heavy-duty oilfield equipment used during drilling operations coupled with high water cut and pressure drop in wellbores. Corrosion issues are further compounded due to climatic changes that have led to an increase in extreme weather conditions, such as hurricanes and tornados, which has resulted in extensive damage to offshore facilities across this region.
Asia Pacific is estimated to be the fastest-growing market from 2018 to 2030 owing its increasing demand for efficient transportation systems coupled with rapidly expanding industrial sector mainly manufacturing consumer electronics products at lower costs along with other energy & power generation applications requiring corrosion protection solutions against seawater exposure onshore as well as offshore platforms.
Growth Factors:
- Increasing demand for oilfield corrosion inhibitors from the developing countries owing to the growth of their economies and rising population.
- Rapid industrialization in the Asia Pacific region is also propelling the demand for oilfield corrosion inhibitors in this region.
- Stringent environmental regulations by governments across different regions are compelling companies to use oilfield corrosion inhibitors, which is further fuelling the market growth.
- The increasing number of drilling activities and exploration projects globally is also driving the demand for oilfield corrosion inhibitors market .
Scope Of The Report
Report Attributes
Report Details
Report Title
Oilfield Corrosion Inhibitor Market Research Report
By Type
Organic Corrosion Inhibitor, Inorganic Corrosion Inhibitors
By Application
Oilfield Drilling System, Oilfield Gathering and Transportation Systems, Others
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
238
Number of Tables & Figures
167
Customization Available
Yes, the report can be customized as per your need.
Global Oilfield Corrosion Inhibitor Market Report Segments:
The global Oilfield Corrosion Inhibitor market is segmented on the basis of:
Types
Organic Corrosion Inhibitor, 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
Oilfield Drilling System, Oilfield Gathering and Transportation Systems, Others
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 Oilfield 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:
- Organic Corrosion Inhibitor
- Inorganic Corrosion Inhibitors
- By Application:
- Oilfield Drilling System
- Oilfield Gathering and Transportation Systems
- Others
- 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 Oilfield 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.
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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?
Oilfield corrosion inhibitor is a chemical used to prevent the formation of rust on metal surfaces in an oil and gas production environment.
Some of the major companies in the oilfield 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.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Oilfield 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 Oilfield Corrosion Inhibitor Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Oilfield 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 Oilfield 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 Oilfield Corrosion Inhibitor Market Size & Forecast, 2018-2028
4.5.1 Oilfield Corrosion Inhibitor Market Size and Y-o-Y Growth
4.5.2 Oilfield Corrosion Inhibitor Market Absolute $ Opportunity
Chapter 5 Global Oilfield 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 Oilfield Corrosion Inhibitor Market Size Forecast by Type
5.2.1 Organic Corrosion Inhibitor
5.2.2 Inorganic Corrosion Inhibitors
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Oilfield 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 Oilfield Corrosion Inhibitor Market Size Forecast by Applications
6.2.1 Oilfield Drilling System
6.2.2 Oilfield Gathering and Transportation Systems
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Oilfield 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 Oilfield 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 Oilfield Corrosion Inhibitor Analysis and Forecast
9.1 Introduction
9.2 North America Oilfield 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 Oilfield Corrosion Inhibitor Market Size Forecast by Type
9.6.1 Organic Corrosion Inhibitor
9.6.2 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 Oilfield Corrosion Inhibitor Market Size Forecast by Applications
9.10.1 Oilfield Drilling System
9.10.2 Oilfield Gathering and Transportation Systems
9.10.3 Others
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 Oilfield Corrosion Inhibitor Analysis and Forecast
10.1 Introduction
10.2 Europe Oilfield 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 Oilfield Corrosion Inhibitor Market Size Forecast by Type
10.6.1 Organic Corrosion Inhibitor
10.6.2 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 Oilfield Corrosion Inhibitor Market Size Forecast by Applications
10.10.1 Oilfield Drilling System
10.10.2 Oilfield Gathering and Transportation Systems
10.10.3 Others
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 Oilfield Corrosion Inhibitor Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Oilfield 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 Oilfield Corrosion Inhibitor Market Size Forecast by Type
11.6.1 Organic Corrosion Inhibitor
11.6.2 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 Oilfield Corrosion Inhibitor Market Size Forecast by Applications
11.10.1 Oilfield Drilling System
11.10.2 Oilfield Gathering and Transportation Systems
11.10.3 Others
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 Oilfield Corrosion Inhibitor Analysis and Forecast
12.1 Introduction
12.2 Latin America Oilfield 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 Oilfield Corrosion Inhibitor Market Size Forecast by Type
12.6.1 Organic Corrosion Inhibitor
12.6.2 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 Oilfield Corrosion Inhibitor Market Size Forecast by Applications
12.10.1 Oilfield Drilling System
12.10.2 Oilfield Gathering and Transportation Systems
12.10.3 Others
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) Oilfield Corrosion Inhibitor Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Oilfield 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) Oilfield Corrosion Inhibitor Market Size Forecast by Type
13.6.1 Organic Corrosion Inhibitor
13.6.2 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) Oilfield Corrosion Inhibitor Market Size Forecast by Applications
13.10.1 Oilfield Drilling System
13.10.2 Oilfield Gathering and Transportation Systems
13.10.3 Others
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 Oilfield Corrosion Inhibitor Market: Competitive Dashboard
14.2 Global Oilfield 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
