Introduction of the Oilfield Chemicals Market Report

Oilfield Chemicals refers to the chemical components that are used in the extraction operations of oil & gas. Such chemicals are used in various applications that include completing, drilling, and producing oil and gas wells to improve productivity from these fields. The oilfield chemicals include common organic chemicals, transition metal compounds, oil-soluble, and water-soluble polymers and surfactants. Environmental considerations are increasingly important in choosing the chemicals that are used in the well treatment fluids, specifically in the offshore locations.

To have an edge over the competition by knowing the market dynamics and current trends of “Oilfield Chemicals Market”, request for Sample Report here

The factors which are responsible for the growth of the Global Oilfield Chemicals market include the increasing production of oil and natural gas as a result of increasing demand majorly in the developing countries. In addition to this, an increase in the research activities for new oil and natural gas reserves along with increasing production of crude oil and inclination towards alternative operations of drilling are some other key factors boosting the demand for oilfield chemicals in the market during the forecast period. Moreover, a rise in drilling, completion, and production activities and growth in the enhanced oil recovery activities will have a positive impact on the growing demand of the market. The increase in the demand for crude oil products and rising inclination of manufacturers for the development of superior performance oilfield chemicals will surge the demand for such chemicals in the market over the forecast period. The factors hampering the growth of the global oilfield chemicals market include the decline in the prices of oil.

Do you want to know more about the Research process and detailed Methodology, Request Research Methodology of this report

Based on the product, the biocides are expected to grow at a higher CAGR during the forecast period owing to the rising adoption of this product across the offshore operations. Biocides protect the equipment in the offshore oil and gas applications and also enhances the operational efficiency by controlling the corrosion persuaded by microbial.

Based on the application, the workover & completion segment is anticipated to grow at a higher CAGR over the forecast period owing to the increasing utilization of oilfield chemicals. The ability to maximize the recovery of oil & gas and the productivity of the reservoir at an effective price, is boosting the market growth of this segment.

Based on the location, the onshore segment is expected to grow at a higher CAGR during the forecast period owing to the high utilization of oilfield chemicals in this location due to the occurrence of traditional forms of operations in this location that confirms the continuous demand for the products at this location.

In case, any of your pain points areas are not covered in the current scope of this report, Request for Customization here

Based on the region, North America is anticipated to grow at a higher CAGR during the forecast period due to the high adoption of oilfield chemicals in the workover & completion applications and production sector. In addition, the expansion of shale oil and gas industries in the US, along with improved oil recovery activities, are some other factors fuelling the market growth of the oilfield chemicals market in this region.

Various notable players operating in the global oilfield chemicals market include DowDuPont Inc., Baker Hughes, BASF SE, Clariant AG, Albemarle Corporation, Halliburton, Schlumberger Limited, Lubrizol Corporation, Flotek Industries Inc. and Akzo Nobel NV among others.

Key Market Developments:

• • In 2019, Baker Hughes expanded its presence by opening a chemical manufacturing facility in Saudi Arabia to enhance production, reduce costs, and also to increase the value of their assets across the value chain of chemicals.
  • In 2019, Halliburton announced the setup of the first oilfield chemical manufacturing reaction plant in Saudi Arabia. Through this plant, the company aimed to expand or accelerate its fast-growing specialty chemical business.

The global oilfield chemicals market is segmented by product, application, location, and key regions. Based on the product, the market is segmented into Demulsifiers, Surfactants, Inhibitors, Foamers, Friction reducers, Rheology Modifiers, Biocides, and Others. Based on the application, the market is segmented into Production, Drilling, Cementing, and Workover & Completion. On the basis of location, the market is segmented into Offshore and Onshore.

For detailed scope of the “Oilfield Chemicals Market” report request a Sample Copy of the report

Key questions answered in this research report:

• • At what pace is the global oilfield chemicals market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in the global oilfield chemicals market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global oilfield chemicals market?
  • What are the various application areas of oilfield chemicals, and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Product, By Application, By Location, and By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	DowDuPont Inc., Baker Hughes, BASF SE, Clariant AG, Albemarle Corporation, Halliburton, Schlumberger Limited, among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation:

Global Oilfield Chemicals Market by Product

• • Demulsifiers
  • Surfactants
  • Inhibitors
  • Foamers
  • Friction reducers
  • Rheology Modifiers
  • Biocides
  • Others

Global Oilfield Chemicals Market by Application

• • Production
  • Drilling
  • Cementing
  • Workover & Completion

Global Oilfield Chemicals Market by Location

• • Offshore
  • Onshore

Global Oilfield Chemicals Market by Region

• • North America Oilfield Chemicals Market
    (Option 1: As a part of the free 25% customization)
    • North America Market by Product
    • North America Market by Application
    • North America Market by Location
    • United States of America (US) Market All-Up
    • Canada Market All-Up
  • Europe Oilfield Chemicals Market
    (Option 2: As a part of the free 25% Customization)
    • Europe Market by Product
    • Europe Market by Application
    • Europe Market by Location
    • United Kingdom (UK) All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Oilfield Chemicals Market
    (Option 3: As a part of the free 25% Customization)
    • Asia-Pacific Market by Product
    • Asia-Pacific Market by Application
    • Asia-Pacific Market by Location
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • ROW Oilfield Chemicals Market
    (Option 4: As a part of the free 25% Customization)
    • ROW Market by Product
    • ROW Market by Application
    • ROW Market by Location
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Leading market players (Option 5: As a part of the free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • DowDuPont Inc.
  • Baker Hughes
  • BASF SE
  • Clariant AG
  • Albemarle Corporation
  • Halliburton
  • Schlumberger Limited
  • Lubrizol Corporation
  • Flotek Industries Inc.
  • Akzo Nobel N.V.