Market Overview:
The global specialty oilfield 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 oil and gas across the globe. In addition, the increasing drilling and exploration activities are also contributing to the growth of this market. The global specialty oilfield chemicals market is segmented on the basis of type, application, and region. On the basis of type, it is divided into drilling fluids, cementing, completion & stimulation, production & delivery Chemicals), and EOR (enhanced oil recovery Chemicals). and many more applications .On account on application , it is classified into Drilling Fluids , Cementing , Completion & Stimulation Production Delivery) Chemicals), and EOR (enhanced oil recovery Chemicals). The completion & stimulation segment dominated th emarketin 2017 due t othe growing demandfor hydraulic fracturing worldwide .
Product Definition:
Oilfield chemicals are used to enhance oil and gas production. They are also used in the drilling and completion of wells, as well as in the transportation and refining of oil and gas.
Drilling Fluids:
Drilling fluids are a group of water-based chemicals used in the drilling process. The primary function of drilling fluids is to carry cuttings from the drill string to the surface and prevent mud contamination. Drilling fluid consists of one or more liquids, which are pumped into a wellbore under high pressure, thus creating a hole through which further supplies can be pumped using pipes and cables.
Cementing:
Cementing is a process in which the cement-like substance called as proppant is forced into the pore spaces of rocks through hydraulic pressure. The proppant acts as a plug to prevent the permeation of oil and gas. This effectively prevents water from getting into contact with oil, thereby preventing corrosion and scaling.
Application Insights:
On the basis of application, the global specialty oilfield chemicals market has been segmented into drilling fluids, cementing, completion & stimulation, production & delivery and others. Drilling fluids was estimated as the largest application segment in 2017 and is expected to maintain its dominance over the forecast period. The growth of this segment can be attributed to increasing use of advanced drilling fluid technology for shale gas exploration coupled with high-performance requirements from hydraulic fracturing operations.
The Completion & Stimulation segment is anticipated to register a significant CAGR over the forecast period owing to rising number of completions across all major regions including Texas China and Mexico which are driven by high demand for crude oil extraction across all major regions including North America Mexico Canada U.S., Europe Russia China etcetera.
Regional Analysis:
North America was the largest market for specialty oilfield chemicals in terms of volume share in 2017. The U.S., specifically, is one of the major consumers owing to its large number of active wells and ongoing projects. For instance, according to EIA data, as of December 2018, there were approximately 11 million active oil wells in the country that consumed around 1 million barrels per day worth specialty oils field chemicals.
The Middle East & Africa (MEA) region is expected to witness significant growth over the forecast period on account rising demand from offshore fields coupled with increasing exploration activities off coastlines such as Qatar and Saudi Arabia which are among some of the major producers across this region globally. In addition, growing energy demand from emerging economies including UAE and Egypt is anticipated to fuel product consumption across this region over next eight years or so.
Growth Factors:
- Increasing demand for oilfield chemicals from the upstream and downstream sectors of the oil and gas industry
- Rising investments in exploration and production activities by oil and gas companies
- Growing use of specialty oilfield chemicals in shale plays to improve production rates
- Proliferation of new technologies that require specialty oilfield chemicals for optimum performance
- Stringent environmental regulations governing the use of hydrocarbons
Scope Of The Report
Report Attributes
Report Details
Report Title
Specialty Oilfield Chemicals Market Research Report
By Type
Drilling Fluids, Cementing, Conpletion & Stimulation, Production & Delivery
By Application
Drilling Fluids, Cementing, Completion & Stimulation, Production & EOR (Enhanced Oil Recovery Chemicals), Delivery
By Companies
Ineos, Asahi Chemical Corp, China National Petroleum Corporation (CNPC), ASCEND, Secco, Sinopec Group, Formosa Plastics, DSM, Tae Kwang Industrial, CPDC, Cytec Industries, Mitsubishi Rayon, LUKOIL, Repsol YPF
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
234
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Specialty Oilfield Chemicals Market Report Segments:
The global Specialty Oilfield Chemicals market is segmented on the basis of:
Types
Drilling Fluids, Cementing, Conpletion & Stimulation, Production & Delivery
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, Cementing, Completion & Stimulation, Production & EOR (Enhanced Oil Recovery Chemicals), Delivery
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:
- Ineos
- Asahi Chemical Corp
- China National Petroleum Corporation (CNPC)
- ASCEND
- Secco
- Sinopec Group
- Formosa Plastics
- DSM
- Tae Kwang Industrial
- CPDC
- Cytec Industries
- Mitsubishi Rayon
- LUKOIL
- Repsol YPF
Highlights of The Specialty Oilfield 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:
- Drilling Fluids
- Cementing
- Conpletion & Stimulation
- Production & Delivery
- By Application:
- Drilling Fluids
- Cementing
- Completion & Stimulation
- Production & EOR (Enhanced Oil Recovery Chemicals)
- Delivery
- 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 Specialty Oilfield 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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- Correctly Positioning New Products
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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?
Specialty oilfield chemicals are those that are specifically designed for the oil and gas industry. They can be used in a variety of ways, including to help drillers and producers extract more oil and gas from wells, to clean up spills, or to protect equipment.
Some of the major players in the specialty oilfield chemicals market are Ineos, Asahi Chemical Corp, China National Petroleum Corporation (CNPC), ASCEND, Secco, Sinopec Group, Formosa Plastics, DSM, Tae Kwang Industrial, CPDC, Cytec Industries, Mitsubishi Rayon, LUKOIL, Repsol YPF.
The specialty oilfield chemicals market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Specialty Oilfield Chemicals 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. Specialty Oilfield Chemicals Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Specialty Oilfield Chemicals Market - Supply Chain
4.5. Global Specialty Oilfield Chemicals Market Forecast
4.5.1. Specialty Oilfield Chemicals Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Specialty Oilfield Chemicals Market Size (000 Units) and Y-o-Y Growth
4.5.3. Specialty Oilfield Chemicals Market Absolute $ Opportunity
5. Global Specialty Oilfield Chemicals 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. Specialty Oilfield Chemicals Market Size and Volume Forecast by Type
5.3.1. Drilling Fluids
5.3.2. Cementing
5.3.3. Conpletion & Stimulation
5.3.4. Production & Delivery
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Specialty Oilfield Chemicals 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. Specialty Oilfield Chemicals Market Size and Volume Forecast by Application
6.3.1. Drilling Fluids
6.3.2. Cementing
6.3.3. Completion & Stimulation
6.3.4. Production & EOR (Enhanced Oil Recovery Chemicals)
6.3.5. Delivery
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Specialty Oilfield Chemicals 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. Specialty Oilfield Chemicals 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 Specialty Oilfield Chemicals 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. Specialty Oilfield Chemicals 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 Specialty Oilfield Chemicals Demand Share Forecast, 2019-2026
9. North America Specialty Oilfield Chemicals 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 Specialty Oilfield Chemicals 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 Specialty Oilfield Chemicals Market Size and Volume Forecast by Application
9.4.1. Drilling Fluids
9.4.2. Cementing
9.4.3. Completion & Stimulation
9.4.4. Production & EOR (Enhanced Oil Recovery Chemicals)
9.4.5. Delivery
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Specialty Oilfield Chemicals Market Size and Volume Forecast by Type
9.7.1. Drilling Fluids
9.7.2. Cementing
9.7.3. Conpletion & Stimulation
9.7.4. Production & Delivery
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 Specialty Oilfield Chemicals Demand Share Forecast, 2019-2026
10. Latin America Specialty Oilfield Chemicals 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 Specialty Oilfield Chemicals 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 Specialty Oilfield Chemicals Market Size and Volume Forecast by Application
10.4.1. Drilling Fluids
10.4.2. Cementing
10.4.3. Completion & Stimulation
10.4.4. Production & EOR (Enhanced Oil Recovery Chemicals)
10.4.5. Delivery
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Specialty Oilfield Chemicals Market Size and Volume Forecast by Type
10.7.1. Drilling Fluids
10.7.2. Cementing
10.7.3. Conpletion & Stimulation
10.7.4. Production & Delivery
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 Specialty Oilfield Chemicals Demand Share Forecast, 2019-2026
11. Europe Specialty Oilfield Chemicals 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 Specialty Oilfield Chemicals 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 Specialty Oilfield Chemicals Market Size and Volume Forecast by Application
11.4.1. Drilling Fluids
11.4.2. Cementing
11.4.3. Completion & Stimulation
11.4.4. Production & EOR (Enhanced Oil Recovery Chemicals)
11.4.5. Delivery
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Specialty Oilfield Chemicals Market Size and Volume Forecast by Type
11.7.1. Drilling Fluids
11.7.2. Cementing
11.7.3. Conpletion & Stimulation
11.7.4. Production & Delivery
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 Specialty Oilfield Chemicals Demand Share, 2019-2026
12. Asia Pacific Specialty Oilfield Chemicals 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 Specialty Oilfield Chemicals 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 Specialty Oilfield Chemicals Market Size and Volume Forecast by Application
12.4.1. Drilling Fluids
12.4.2. Cementing
12.4.3. Completion & Stimulation
12.4.4. Production & EOR (Enhanced Oil Recovery Chemicals)
12.4.5. Delivery
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Specialty Oilfield Chemicals Market Size and Volume Forecast by Type
12.7.1. Drilling Fluids
12.7.2. Cementing
12.7.3. Conpletion & Stimulation
12.7.4. Production & Delivery
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 Specialty Oilfield Chemicals Demand Share, 2019-2026
13. Middle East & Africa Specialty Oilfield Chemicals 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 Specialty Oilfield Chemicals 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 Specialty Oilfield Chemicals Market Size and Volume Forecast by Application
13.4.1. Drilling Fluids
13.4.2. Cementing
13.4.3. Completion & Stimulation
13.4.4. Production & EOR (Enhanced Oil Recovery Chemicals)
13.4.5. Delivery
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Specialty Oilfield Chemicals Market Size and Volume Forecast by Type
13.7.1. Drilling Fluids
13.7.2. Cementing
13.7.3. Conpletion & Stimulation
13.7.4. Production & Delivery
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 Specialty Oilfield Chemicals Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Specialty Oilfield Chemicals Market: Market Share Analysis
14.2. Specialty Oilfield Chemicals Distributors and Customers
14.3. Specialty Oilfield Chemicals Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Ineos
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Asahi Chemical Corp
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. China National Petroleum Corporation (CNPC)
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. ASCEND
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Secco
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Sinopec Group
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Formosa Plastics
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. DSM
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Tae Kwang Industrial
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. CPDC
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Cytec Industries
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Mitsubishi Rayon
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. LUKOIL
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Repsol YPF
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
