Oilfield chemicals refers to a series of chemicals used in the process of petroleum and gas drilling, mining and transportation, water treatment and enhanced oil recovery. The applications of oilfield chemicals in oilfield include drilling fluids, cementing, completion, stimulation, production and EOR (Enhanced Oil Recovery Chemicals), delivery, etc.
North America is the world's largest oilfield chemicals consumption area. In Europe and North America, the main application of polyacrylamide is the water treatment industry. However, polyacrylamide in oilfield is less in foreign, because of the special geological conditions in China, Daqing Oilfield and Shengli Oilfield are still using extensive of polymer in flooding technology. China is one of the countries with the highest crude oil production costs in the world. Despite this, China has had to continue mining domestic crude oil due to the huge market demand. At present, the production capacity of polyacrylamide in China has exceeded 1.2 million tons. Most of the polyacrylamide is used in the oil field industry.
The global oil field chemical industry is dominated by large corporations, and these corporations are becoming larger through acquisitions, allowing themselves to offer a wider range of oil field services such as exploration, drilling, design, and engineering. In the past few years, there have been five major acquisitions and mergers in this industry. Lower oil prices have a side effect to this industry. Big companies maintain good performance through acquisitions and mergers. In 2017, Dow, DuPont complete planned merger to form Dow DuPont. Baker Hughes, a GE company announced that the transaction combining GE’s oil and gas business with Baker Hughes is complete. In 2014, Lubrizol Corporation announced that it has completed the acquisition in the United States and Canada of Weatherford International's global oilfield chemicals business. In 2012, Ecolab announced its intention to acquire Permian MudService, Inc., the parent company of Champion Technologies, and integrate the business with its Energy Services division.The sale closed on April 10, 2013, at which time the businesses merged and announced its new Nalco Champion brand. In 2013, Solvay acquired Chemlogics.
According to this study, over the next five years the Oilfield Chemicals market will register a 4.1% CAGR in terms of revenue, the global market size will reach US$ 3550 million by 2024, from US$ 2790 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Oilfield Chemicals business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Oilfield Chemicals market by product type, application, key manufacturers and key regions and countries.
This study considers the Oilfield Chemicals value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Alkyl Phenols and Ethoxylated Aps
Glutaraldehyde-base Biocides
Polyacrylamide
Pour Point Depressants
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Oil and Gas
Shale Gas
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
SNF
CNPC
BASF
Nalco Champion
Baker Hughes
Schlumberger
Halliburton
Kemira
Clariant
Lubrizol
Dow
Chevron Phillips
Innospec
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Oilfield Chemicals consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Oilfield Chemicals market by identifying its various subsegments.
Focuses on the key global Oilfield Chemicals manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Oilfield Chemicals with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Oilfield Chemicals submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Summary:
Get latest Market Research Reports on Oilfield Chemicals . Industry analysis & Market Report on Oilfield Chemicals is a syndicated market report, published as Global Oilfield Chemicals Market Growth 2019-2024. It is complete Research Study and Industry Analysis of Oilfield Chemicals market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.