Market Overview:
The global specialty oilfield stimulation chemical 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, shale gas, and other unconventional resources across the globe. In addition, the growing focus on improving production efficiency is also contributing to the growth of this market. The acidizing segment is expected to dominate the global specialty oilfield stimulation chemical market during the forecast period owing to its ability to improve well productivity and increase hydrocarbon recovery rates.
Product Definition:
A Specialty Oilfield Stimulation Chemical is a chemical that is used to stimulate oil production in an oilfield. The stimulation of the oil production can be done by adding the chemical to the well, or by injecting it into formation near the well.
Acidizing:
Acidizing is a chemical process that increases the pH of a solution. In oilfield terms, it means to make water soluble so that it can dissolve the desired minerals from the rock. The most common way this is done in oil & gas extraction operations is by using sulfuric acid or hydrochloric acid as they are strong enough to dissolve almost all types of minerals including iron, calcium and magnesium which are present in large quantities in oil & gas formation.
Fracturing:
Fracturing is a process of creating micro-fractures in the reservoir to enable fluid flow. The main objective of fracturing is to increase the permeability or hydraulic conductivity so that hydrocarbons can move easily through the rock, and reach desired production level. There are different types of fracturing processes such as linear, multi-stage, multistage etc.
Application Insights:
Oil and gas application dominated the global market in 2017, accounting for over 60% of the total revenue share. The segment is expected to witness significant growth on account of rising demand for stimulation chemicals from oil and gas operators across the world.
The growing importance of hydraulic fracturing operations in shale basins including North America, Europe Russia & Middle East has resulted in increased use of these products globally. Furthermore, increasing need to develop new sources of hydrocarbons will drive this industry further during the forecast period.
Shale Gas applications are anticipated to grow at a CAGR around 5% from 2018 to 2030 owing to its unconventional nature as compared with conventional natural gas found in deep underground rock formations.
Regional Analysis:
North America was the largest regional market in 2017 and is expected to maintain its dominance over the forecast period. The U.S., specifically, has been witnessing an increasing demand for fracturing fluids due to their enhanced oil recovery (EOR) capabilities coupled with high productivity of shale plays across the region.
The Asia Pacific is anticipated to be one of the fastest-growing regions owing to rising investments from various governments in China, India, Japan and Australia for developing unconventional energy resources such as oil sands and shale gas deposits across this region. In addition, growing exploration activities are also expected drive product demand over the next eight years.
Europe accounted for a significant share in 2017 owing to large unexplored reserves present across countries such as Norway, Russia and UK which have led them being referred by media outlets as 'the new Middle East'.
Growth Factors:
- Increasing demand for oil and gas due to population growth and industrialization in developing countries
- Rising investments in oilfield stimulation chemicals by upstream players to increase production from aging fields
- Proliferation of hydraulic fracturing and horizontal drilling techniques across the globe
- Stringent environmental regulations governing the use of traditional stimulation chemicals such as diesel fuel, xylene, etc.
- Emergence of novel specialty oilfield stimulation chemicals that offer improved performance over traditional products
Scope Of The Report
Report Attributes
Report Details
Report Title
Specialty Oilfield Stimulation Chemical Market Research Report
By Type
Acidizing, Fracturing
By Application
Oil and Gas, Shale Gas
By Companies
Schlumberger, Halliburton, DowDupont, Nalco Champion, BASF, GE(Baker Hughes), Chevron Phillips, Clariant, Lubrizol, Flotek Industries, Borregaard LignoTech, Innospec, Calumet, Ashland, TETRA Technologies, Kemira, CNPC, CNOOC
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
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.
Global Specialty Oilfield Stimulation Chemical Market Report Segments:
The global Specialty Oilfield Stimulation Chemical market is segmented on the basis of:
Types
Acidizing, Fracturing
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, Shale Gas
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:
- Schlumberger
- Halliburton
- DowDupont
- Nalco Champion
- BASF
- GE(Baker Hughes)
- Chevron Phillips
- Clariant
- Lubrizol
- Flotek Industries
- Borregaard LignoTech
- Innospec
- Calumet
- Ashland
- TETRA Technologies
- Kemira
- CNPC
- CNOOC
Highlights of The Specialty Oilfield Stimulation Chemical 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:
- Acidizing
- Fracturing
- By Application:
- Oil and Gas
- Shale Gas
- 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 Stimulation Chemical 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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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?
A specialty oilfield stimulation chemical is a type of chemical used in the oil and gas industry to help increase production from wells. Specialty chemicals are often specific to certain types of oil or gas, making them more effective at stimulating production than general-purpose chemicals.
Some of the key players operating in the specialty oilfield stimulation chemical market are Schlumberger, Halliburton, DowDupont, Nalco Champion, BASF, GE(Baker Hughes), Chevron Phillips, Clariant, Lubrizol, Flotek Industries, Borregaard LignoTech, Innospec, Calumet, Ashland, TETRA Technologies, Kemira, CNPC, CNOOC.
The specialty oilfield stimulation chemical market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Specialty Oilfield Stimulation Chemical 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 Stimulation Chemical 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 Stimulation Chemical Market - Supply Chain
4.5. Global Specialty Oilfield Stimulation Chemical Market Forecast
4.5.1. Specialty Oilfield Stimulation Chemical Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Specialty Oilfield Stimulation Chemical Market Size (000 Units) and Y-o-Y Growth
4.5.3. Specialty Oilfield Stimulation Chemical Market Absolute $ Opportunity
5. Global Specialty Oilfield Stimulation Chemical 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 Stimulation Chemical Market Size and Volume Forecast by Type
5.3.1. Acidizing
5.3.2. Fracturing
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Specialty Oilfield Stimulation Chemical 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 Stimulation Chemical Market Size and Volume Forecast by Application
6.3.1. Oil and Gas
6.3.2. Shale Gas
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Specialty Oilfield Stimulation Chemical 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 Stimulation Chemical 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 Stimulation Chemical 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 Stimulation Chemical 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 Stimulation Chemical Demand Share Forecast, 2019-2026
9. North America Specialty Oilfield Stimulation Chemical 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 Stimulation Chemical 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 Stimulation Chemical Market Size and Volume Forecast by Application
9.4.1. Oil and Gas
9.4.2. Shale Gas
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Specialty Oilfield Stimulation Chemical Market Size and Volume Forecast by Type
9.7.1. Acidizing
9.7.2. Fracturing
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 Stimulation Chemical Demand Share Forecast, 2019-2026
10. Latin America Specialty Oilfield Stimulation Chemical 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 Stimulation Chemical 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 Stimulation Chemical Market Size and Volume Forecast by Application
10.4.1. Oil and Gas
10.4.2. Shale Gas
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Specialty Oilfield Stimulation Chemical Market Size and Volume Forecast by Type
10.7.1. Acidizing
10.7.2. Fracturing
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 Stimulation Chemical Demand Share Forecast, 2019-2026
11. Europe Specialty Oilfield Stimulation Chemical 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 Stimulation Chemical 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 Stimulation Chemical Market Size and Volume Forecast by Application
11.4.1. Oil and Gas
11.4.2. Shale Gas
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Specialty Oilfield Stimulation Chemical Market Size and Volume Forecast by Type
11.7.1. Acidizing
11.7.2. Fracturing
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 Stimulation Chemical Demand Share, 2019-2026
12. Asia Pacific Specialty Oilfield Stimulation Chemical 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 Stimulation Chemical 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 Stimulation Chemical Market Size and Volume Forecast by Application
12.4.1. Oil and Gas
12.4.2. Shale Gas
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Specialty Oilfield Stimulation Chemical Market Size and Volume Forecast by Type
12.7.1. Acidizing
12.7.2. Fracturing
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 Stimulation Chemical Demand Share, 2019-2026
13. Middle East & Africa Specialty Oilfield Stimulation Chemical 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 Stimulation Chemical 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 Stimulation Chemical Market Size and Volume Forecast by Application
13.4.1. Oil and Gas
13.4.2. Shale Gas
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 Stimulation Chemical Market Size and Volume Forecast by Type
13.7.1. Acidizing
13.7.2. Fracturing
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 Stimulation Chemical Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Specialty Oilfield Stimulation Chemical Market: Market Share Analysis
14.2. Specialty Oilfield Stimulation Chemical Distributors and Customers
14.3. Specialty Oilfield Stimulation Chemical Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Schlumberger
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Halliburton
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. DowDupont
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Nalco Champion
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. GE(Baker Hughes)
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Chevron Phillips
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Clariant
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Lubrizol
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Flotek Industries
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Borregaard LignoTech
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Innospec
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Calumet
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Ashland
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. TETRA Technologies
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Kemira
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. CNPC
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. CNOOC
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
