Market Overview:
The global oil field corrosion inhibitor market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth of the market can be attributed to the increasing demand for oil and gas across the globe. In addition, the growing awareness about environmental protection is also propelling the growth of this market. The global oil field corrosion inhibitor market can be segmented on the basis of type, application, and region. On the basis of type, it can be divided into imidazoline, quaternary ammonium salt, inorganic corrosion inhibitor, organic phosphorus inhibitors and others. On account of application it can be classified into acidification operation sewage treatment pipeline corrosion inhibition among others .
Product Definition:
An oil field corrosion inhibitor is a chemical compound that is used to prevent or reduce corrosion in oil fields. Corrosion can lead to the formation of scale, which can clog pipelines and other infrastructure, and can also cause equipment failure. Oil field corrosion inhibitors are typically added to produced water (water that is produced along with oil and gas) in order to protect metal surfaces from attack by the water.
Imidazoline:
Imidazoline is a chemical compound, which is soluble in water and ethanol. It has a molecular weight of 172.16 and the structure consists of 1-4 nitrogen atoms bonded together in an aromatic ring with two methyl groups (CH3). The product name comes from its first identified use as an intermediate for the production of nitric acid; it was later found to have anti-corrosive properties.
Quaternary Ammonium salt:
Quaternary ammonium salt is a compound of organic nature which has four nitrogen atoms and one hydrogen atom. It is white in color solid material, usually available as a crystalline powder. Quaternary ammonium compounds are used for the treatment of heavy oil and gas well corrosion problems by forming an anti-corrosive layer on the surface of downhole equipment or pipelines.
Application Insights:
The others application segment includes corrosion inhibition in pulp and paper, mining, chemical processing, water treatment and others. The product is widely used in the pulp and paper industry owing to its ability to prevent acid from eating away at the metal parts of machines and equipment. In addition, it is also used for wastewater treatment due to its high biodegradability.
Acidification operation was estimated as the largest segment with a share of over 40% in 2017 on account of increasing demand for sour gas production coupled with low crude prices across major economies including Russia & Saudi Arabia. Low crude prices have led to an overall decline in energy sector investments which has consequently affected global oil production leading to increased imports into these countries resulting in higher demand for inhibitors worldwide.
Regional Analysis:
The market in North America was valued at USD X billion in 2017 and is expected to witness significant growth over the forecast period owing to increasing demand for corrosion inhibitors from various end-use industries, such as oil & gas, power generation, petrochemicals and others. The presence of major oil field service companies coupled with high investments by them in exploration activities is also anticipated to drive the regional market growth over the forecast period.
Asia Pacific held a significant share of global revenue due to growing industrialization along with rapid urbanization across emerging economies including China and India which has led to an increase in energy consumption and production of wastewater resulting ultimately into increased demand for corrosion inhibitors in this region. In addition, rising government initiatives on improving water treatment facilities are further expected fuel product demand across Asia Pacific during the projected period.
Growth Factors:
- Increasing demand for oil field 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 oil field corrosion inhibitors in this region.
- Stringent environmental regulations by governments across different regions are compelling companies to use oil field corrosion inhibitors, which is further fuelling the market growth.
- The increasing number of drilling activities and production operations in offshore areas is also driving the market for oilfield corrosion inhibitors globally.
Scope Of The Report
Report Attributes
Report Details
Report Title
Oil Field Corrosion Inhibitor Market Research Report
By Type
Imidazoline, Quaternary Ammonium salt, Inorganic Corrosion Inhibitor, Organic phosphorus, Others
By Application
Acidification Operation, Sewage Treatment, Pipeline Corrosion Inhibition, Others
By Companies
Baker Hughes, Ecolab, GE Water, Halliburton, Schlumberger, Lubrizol, Solenis, Angus Chemical Company, BASF, ChemTreat, Clariant, ICL Advanced Additives, LANXESS, Arkema, Lonza, King Industries, 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
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Oil Field Corrosion Inhibitor Market Report Segments:
The global Oil Field Corrosion Inhibitor market is segmented on the basis of:
Types
Imidazoline, Quaternary Ammonium salt, Inorganic Corrosion Inhibitor, Organic phosphorus, 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
Acidification Operation, Sewage Treatment, Pipeline Corrosion Inhibition, 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:
- Baker Hughes
- Ecolab
- GE Water
- Halliburton
- Schlumberger
- Lubrizol
- Solenis
- Angus Chemical Company
- BASF
- ChemTreat
- Clariant
- ICL Advanced Additives
- LANXESS
- Arkema
- Lonza
- King Industries
- Daubert Chemical
Highlights of The Oil Field 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:
- Imidazoline
- Quaternary Ammonium salt
- Inorganic Corrosion Inhibitor
- Organic phosphorus
- Others
- By Application:
- Acidification Operation
- Sewage Treatment
- Pipeline Corrosion Inhibition
- 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 Oil Field 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?
Oil field corrosion inhibitor (OFCI) is a chemical or mixture of chemicals that are used to prevent the deterioration of metal in an oil and gas well.
Some of the key players operating in the oil field corrosion inhibitor market are Baker Hughes, Ecolab, GE Water, Halliburton, Schlumberger, Lubrizol, Solenis, Angus Chemical Company, BASF, ChemTreat, Clariant, ICL Advanced Additives, LANXESS, Arkema, Lonza, King Industries, Daubert Chemical.
The oil field corrosion inhibitor market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Oil Field Corrosion Inhibitor 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 Corrosion Inhibitor 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 Corrosion Inhibitor Market - Supply Chain
4.5. Global Oil Field Corrosion Inhibitor Market Forecast
4.5.1. Oil Field Corrosion Inhibitor Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Oil Field Corrosion Inhibitor Market Size (000 Units) and Y-o-Y Growth
4.5.3. Oil Field Corrosion Inhibitor Market Absolute $ Opportunity
5. Global Oil Field Corrosion Inhibitor 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 Corrosion Inhibitor Market Size and Volume Forecast by Type
5.3.1. Imidazoline
5.3.2. Quaternary Ammonium salt
5.3.3. Inorganic Corrosion Inhibitor
5.3.4. Organic phosphorus
5.3.5. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Oil Field Corrosion Inhibitor 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 Corrosion Inhibitor Market Size and Volume Forecast by Application
6.3.1. Acidification Operation
6.3.2. Sewage Treatment
6.3.3. Pipeline Corrosion Inhibition
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Oil Field Corrosion Inhibitor 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 Corrosion Inhibitor 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 Corrosion Inhibitor 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 Corrosion Inhibitor 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 Corrosion Inhibitor Demand Share Forecast, 2019-2029
9. North America Oil Field Corrosion Inhibitor 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 Corrosion Inhibitor 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 Corrosion Inhibitor Market Size and Volume Forecast by Application
9.4.1. Acidification Operation
9.4.2. Sewage Treatment
9.4.3. Pipeline Corrosion Inhibition
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Oil Field Corrosion Inhibitor Market Size and Volume Forecast by Type
9.7.1. Imidazoline
9.7.2. Quaternary Ammonium salt
9.7.3. Inorganic Corrosion Inhibitor
9.7.4. Organic phosphorus
9.7.5. Others
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 Corrosion Inhibitor Demand Share Forecast, 2019-2029
10. Latin America Oil Field Corrosion Inhibitor 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 Corrosion Inhibitor 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 Corrosion Inhibitor Market Size and Volume Forecast by Application
10.4.1. Acidification Operation
10.4.2. Sewage Treatment
10.4.3. Pipeline Corrosion Inhibition
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Oil Field Corrosion Inhibitor Market Size and Volume Forecast by Type
10.7.1. Imidazoline
10.7.2. Quaternary Ammonium salt
10.7.3. Inorganic Corrosion Inhibitor
10.7.4. Organic phosphorus
10.7.5. Others
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 Corrosion Inhibitor Demand Share Forecast, 2019-2029
11. Europe Oil Field Corrosion Inhibitor 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 Corrosion Inhibitor 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 Corrosion Inhibitor Market Size and Volume Forecast by Application
11.4.1. Acidification Operation
11.4.2. Sewage Treatment
11.4.3. Pipeline Corrosion Inhibition
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Oil Field Corrosion Inhibitor Market Size and Volume Forecast by Type
11.7.1. Imidazoline
11.7.2. Quaternary Ammonium salt
11.7.3. Inorganic Corrosion Inhibitor
11.7.4. Organic phosphorus
11.7.5. Others
11.8. Basis Point 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 Corrosion Inhibitor Demand Share, 2019-2029
12. Asia Pacific Oil Field Corrosion Inhibitor 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 Corrosion Inhibitor 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 Corrosion Inhibitor Market Size and Volume Forecast by Application
12.4.1. Acidification Operation
12.4.2. Sewage Treatment
12.4.3. Pipeline Corrosion Inhibition
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Oil Field Corrosion Inhibitor Market Size and Volume Forecast by Type
12.7.1. Imidazoline
12.7.2. Quaternary Ammonium salt
12.7.3. Inorganic Corrosion Inhibitor
12.7.4. Organic phosphorus
12.7.5. Others
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 Corrosion Inhibitor Demand Share, 2019-2029
13. Middle East & Africa Oil Field Corrosion Inhibitor 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 Corrosion Inhibitor 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 Corrosion Inhibitor Market Size and Volume Forecast by Application
13.4.1. Acidification Operation
13.4.2. Sewage Treatment
13.4.3. Pipeline Corrosion Inhibition
13.4.4. Others
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 Corrosion Inhibitor Market Size and Volume Forecast by Type
13.7.1. Imidazoline
13.7.2. Quaternary Ammonium salt
13.7.3. Inorganic Corrosion Inhibitor
13.7.4. Organic phosphorus
13.7.5. Others
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 Corrosion Inhibitor Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Oil Field Corrosion Inhibitor Market: Market Share Analysis
14.2. Oil Field Corrosion Inhibitor Distributors and Customers
14.3. Oil Field Corrosion Inhibitor Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Baker Hughes
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Ecolab
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. GE Water
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Halliburton
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Schlumberger
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Lubrizol
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Solenis
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Angus Chemical Company
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. BASF
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. ChemTreat
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Clariant
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. ICL Advanced Additives
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. LANXESS
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Arkema
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Lonza
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. King Industries
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Daubert Chemical
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
