Global Oilfield Chemicals Market Analysis: Plant Capacity, Production, Operating Efficiency, Technology, Demand & Supply, End-User Industries, Distribution Channel, Regional Demand, 2015-2030

Format: Online | Last Updated: Apr 2021

Global oilfield chemicals demand is projected to grow at a healthy CAGR of 5.55%. Oilfield chemicals are chemicals that find application in oil and gas exploration. They are used in drilling operations and production facilities to increase the efficiency and effectiveness of extraction process. These chemicals also help in smooth operation of oilfield and reducing costs related to over delays and stoppages during drilling process. They are of various types including biocides, corrosion and scale inhibitors, surfactants, demulsifiers, rheology modifiers, gellants and friction reducers. Due to various properties, oilfield chemicals find application in several areas related to oilfield operations including drilling fluids, cementing, enhanced oil recovery, production chemicals, well stimulation, and workover and completion. Increasing shale oil extraction coupled with rise in deep water drilling operations is projected to drive the demand of oilfield chemicals for the forecast period. Another factor influencing demand growth is the rise in offshore drilling operations in middle east. Furthermore, the increasing need of petroleum-based fuel in the transport industry is also going to generate demand growth. Increasing efforts towards clean energy alternatives is going to hamper the demand during the forecast period. 
 
In 2020, the spread of COVID-19 in major global economies caused nationwide lockdowns which had an impact on the crude oil extraction. The demand for crude oil fell sharply with over supply in the market. This had an impact on the demand of oilfield chemicals for the first half of 2020. The demand for oilfield chemicals fell sharply during the coronavirus pandemic. 
Region wise, North America region holds the major share of global demand for oilfield chemicals due to increasing shale oil extraction. 
 
Years considered for this report:
 
Historical Period: 2015-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022–2030
 
Objective of the Study: 
 
•To assess the demand-supply scenario of oilfield chemicals which covers production, demand and supply of oilfield chemicals market globally.
•To analyse and forecast the market size of oilfield chemicals.
•To classify and forecast global oilfield chemicals market based on fiber, technology, end-use and regional distribution.
•To identify drivers and challenges for global oilfield chemicals market.
•To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global oilfield chemicals market.
•To identify and analyse the profile of leading players involved in the manufacturing of oilfield chemicals.
 
 
 
Major players for oilfield chemicals globally include AUBIN Group, Arabian Minerals and Chemicals Co. Ltd, AkzoNobel, Baker Hughes Inc., BASF SE, CECA (Arkema Group), Clariant AG, Halliburton Company, Nalco Champion, REDA Oilfield, The Dow Chemical Company
 
To extract data for global oilfield chemicals market, primary research surveys were conducted with oilfield chemicals manufacturers, suppliers, distributors, wholesalers and end users. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various end user segments and projected a positive outlook for Global oilfield chemicals market over the coming years. 
 
ChemAnalyst calculated oilfield chemicals demand globally by analyzing the historical data and demand forecast which was carried out considering imported oilfield chemicals , styrene prices, monomers used for production of oilfield chemicals . ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst. 
 
Key Target Audience:
 
• Oilfield chemicals manufacturers and other stakeholders
•Organizations, forums and alliances related to oilfield chemicals distribution
•Government bodies such as regulating authorities and policy makers
•Market research organizations and consulting companies
 
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as oilfield chemicals manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
 
Report Scope:
 
In this report, global oilfield chemicals market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
 
Market, by Application
Drilling Fluids, Cementing, Enhanced Oil Recovery, Production Chemicals, Well Stimulation, and Workover and Completion.
Market, by Type
Biocides, Corrosion and Scale Inhibitors, Surfactants, Demulsifiers, Rheology Modifiers, Gellants, and Friction Reducers.
Market, by Sales Channel
Direct Company Sale, Direct Import, Distributors & Traders, Retailers
Market, by Region
North America, APAC, Europe, MEA, South America
 
 
Competitive Landscape
 
ChemAnalyst offers detailed analysis of major players including basic company details, Segmental/product information, financial matrices, growth strategies, expansion plans, collaborations, SWOT analysis etc.to give a comprehensive and meaningful insights on the respective product market.
 
Available Customizations:
 
With the given market data, Chemanalyst offers customizations according to a company’s specific needs. The following customization options are available for the report:
 
In case you don’t find what, you are looking for, please get in touch with our custom research team at sales@chemanalyst.com 

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