Market Overview:
The global oil field bio-solvents market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for bio-based solvents from the oil and gas industry, owing to their environmental benefits over traditional petroleum-based solvents. In addition, the growing demand for bio-based solvents from other industries such as transportation and drilling is also contributing to the growth of this market. Based on type, hydrocarbons are expected to account for the largest share of the global oil field bio-solvents market in 2018. This can be attributed to their high compatibility with various types of crude oils and easy availability across different regions.
Product Definition:
An oil field bio-solvent is a solvent that is derived from natural resources, such as plants or animals. These solvents are often used in the petroleum industry to help extract oil and gas from wells. They are also sometimes used to clean equipment or pipelines.
Hydrocarbons:
Hydrocarbons are organic compounds containing only carbon and hydrogen. They are usually derived from crude oil through refinery processes such as catalytic cracking of petroleum into components which can be further processed to form hydrocarbon solvents. Hydrocarbons have a wide range of applications in various end-use industries such as industrial, automotive, household chemical and pharmaceuticals among others.
Alcohols:
Alcohols are organic compounds and their derivatives. They are colorless, volatile, flammable in nature. Alcohols can be produced by both natural as well as synthetic processes. The most common alcohol is ethanol (alcohol ethyl ether). Other important alcohols include methanol (methyl alcohol), propanol (propyl alcohol), and butanol (butyl alcohol).
Application Insights:
The global oil field bio-solvents market is segmented on the basis of application into oil and gas, transportation, drilling and others. The other applications include chemical manufacturing as well as metal treatment in the upstream sector. Oil and gas was estimated to be the largest application segment in 2017 with a market share of over 80% for that year. Bio-solvent usage in this industry has increased significantly due to its rising exploration activities across all major regions coupled with increasing crude oil prices over the past few years.
Crude petroleum oils are used extensively throughout various stages of production including upstream & midstream facilities along with downstream operations such as refining or petrochemicals plants which are utilized for numerous processes from lubrication to cleaning equipment between others depending upon their type & complexity.
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of a large number of oil and gas reserves. The U.S. is one of the major producers of crude oil in North America, with an average production rate exceeding 6 million barrels per day since 2015 until now (as at November 2018). The country’s shale boom has been a key factor for increasing its domestic output over this period, which is expected to continue over the forecast period as well due to technological advancements and rising capital investments by industry participants.
The Asia Pacific region accounted for 24% share in terms of revenue and is expected to witness significant growth from 2018 to 2030 on account increasing demand from end-use industries such as energy, chemicals, construction etc.
Growth Factors:
- Increasing demand for oil field bio-solvents from the upstream and downstream sectors of the oil and gas industry due to its environmental friendly nature and superior performance as compared to conventional solvents.
- Rising awareness among consumers about the benefits of using bio-solvents, which is resulting in an increase in their adoption across various industries.
- Growing investments by leading players in research and development activities to develop innovative products that can cater to the specific needs of different end-use segments.
- Proliferation of new applications for oil field bio-solvents across a wide range of industries, such as automotive, aerospace, textile, etc., owing to its superior properties such as low toxicity and nonflammability.
Scope Of The Report
Report Attributes
Report Details
Report Title
Oil Field Bio-solvents Market Research Report
By Type
Hydrocarbons, Alcohols, Glycols, Ester, Ether
By Application
Oil and Gas, Transportation, Drilling, Other
By Companies
Ashburn Chemical Technologies, Croda, Stephan Company, The Dow Chemical Company, BASF
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
230
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global Oil Field Bio-solvents Market Report Segments:
The global Oil Field Bio-solvents market is segmented on the basis of:
Types
Hydrocarbons, Alcohols, Glycols, Ester, Ether
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
Oil and Gas, Transportation, Drilling, Other
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:
- Ashburn Chemical Technologies
- Croda
- Stephan Company
- The Dow Chemical Company
- BASF
Highlights of The Oil Field Bio-solvents 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:
- Hydrocarbons
- Alcohols
- Glycols
- Ester
- Ether
- By Application:
- Oil and Gas
- Transportation
- Drilling
- Other
- 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 Bio-solvents 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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- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
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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 bio-solvents are a type of solvent that is used in the oil and gas industry. They are made from natural or synthetic sources, and they are used to break down oilfield materials so that they can be extracted.
Some of the major companies in the oil field bio-solvents market are Ashburn Chemical Technologies, Croda, Stephan Company, The Dow Chemical Company, BASF.
The oil field bio-solvents market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Oil Field Bio-solvents Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Oil Field Bio-solvents Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Oil Field Bio-solvents Market - Supply Chain
4.5. Global Oil Field Bio-solvents Market Forecast
4.5.1. Oil Field Bio-solvents Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Oil Field Bio-solvents Market Size (000 Units) and Y-o-Y Growth
4.5.3. Oil Field Bio-solvents Market Absolute $ Opportunity
5. Global Oil Field Bio-solvents Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Oil Field Bio-solvents Market Size and Volume Forecast by Type
5.3.1. Hydrocarbons
5.3.2. Alcohols
5.3.3. Glycols
5.3.4. Ester
5.3.5. Ether
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Oil Field Bio-solvents Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Oil Field Bio-solvents Market Size and Volume Forecast by Application
6.3.1. Oil and Gas
6.3.2. Transportation
6.3.3. Drilling
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Oil Field Bio-solvents Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Oil Field Bio-solvents Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Oil Field Bio-solvents Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Oil Field Bio-solvents Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Oil Field Bio-solvents Demand Share Forecast, 2019-2026
9. North America Oil Field Bio-solvents Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Oil Field Bio-solvents Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Oil Field Bio-solvents Market Size and Volume Forecast by Application
9.4.1. Oil and Gas
9.4.2. Transportation
9.4.3. Drilling
9.4.4. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Oil Field Bio-solvents Market Size and Volume Forecast by Type
9.7.1. Hydrocarbons
9.7.2. Alcohols
9.7.3. Glycols
9.7.4. Ester
9.7.5. Ether
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Oil Field Bio-solvents Demand Share Forecast, 2019-2026
10. Latin America Oil Field Bio-solvents Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Oil Field Bio-solvents Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Oil Field Bio-solvents Market Size and Volume Forecast by Application
10.4.1. Oil and Gas
10.4.2. Transportation
10.4.3. Drilling
10.4.4. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Oil Field Bio-solvents Market Size and Volume Forecast by Type
10.7.1. Hydrocarbons
10.7.2. Alcohols
10.7.3. Glycols
10.7.4. Ester
10.7.5. Ether
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Oil Field Bio-solvents Demand Share Forecast, 2019-2026
11. Europe Oil Field Bio-solvents Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Oil Field Bio-solvents Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Oil Field Bio-solvents Market Size and Volume Forecast by Application
11.4.1. Oil and Gas
11.4.2. Transportation
11.4.3. Drilling
11.4.4. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Oil Field Bio-solvents Market Size and Volume Forecast by Type
11.7.1. Hydrocarbons
11.7.2. Alcohols
11.7.3. Glycols
11.7.4. Ester
11.7.5. Ether
11.8. Basis Poit Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Oil Field Bio-solvents Demand Share, 2019-2026
12. Asia Pacific Oil Field Bio-solvents Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Oil Field Bio-solvents Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Oil Field Bio-solvents Market Size and Volume Forecast by Application
12.4.1. Oil and Gas
12.4.2. Transportation
12.4.3. Drilling
12.4.4. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Oil Field Bio-solvents Market Size and Volume Forecast by Type
12.7.1. Hydrocarbons
12.7.2. Alcohols
12.7.3. Glycols
12.7.4. Ester
12.7.5. Ether
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Oil Field Bio-solvents Demand Share, 2019-2026
13. Middle East & Africa Oil Field Bio-solvents Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Oil Field Bio-solvents Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Oil Field Bio-solvents Market Size and Volume Forecast by Application
13.4.1. Oil and Gas
13.4.2. Transportation
13.4.3. Drilling
13.4.4. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Oil Field Bio-solvents Market Size and Volume Forecast by Type
13.7.1. Hydrocarbons
13.7.2. Alcohols
13.7.3. Glycols
13.7.4. Ester
13.7.5. Ether
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Oil Field Bio-solvents Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Oil Field Bio-solvents Market: Market Share Analysis
14.2. Oil Field Bio-solvents Distributors and Customers
14.3. Oil Field Bio-solvents Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Ashburn Chemical Technologies
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Croda
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Stephan Company
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. The Dow Chemical Company
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. BASF
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. COMPANY6
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook