Specialty 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 specialty oilfield chemicals in oilfield include drilling fluids, cementing, completion, stimulation, production and EOR (Enhanced Oil Recovery Chemicals), delivery, etc.
Currently, specialty oilfield chemicals market has a certain potential in Europe, Middle East. These areas demand are relatively stable. In China, specialty oilfield chemicals industry maintained a rapid growth. Rapid growth in unconventional oil and gas activity in North America has resulted in increases in the volume of chemicals used and, based on the projected growth in this area; the volumes consumed in the future will represent a significant portion of the market. Growth in Latin America, particularly in Brazil, the industry maintained a relatively fast growth rate. Africa has seen significant growth across the continent and growth is forecast to continue over the next five years. There are questions about political instability in some countries, such as Libya and Sudan. However, we hold confidence in Africa. 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. E.g.: Halliburton recently announced plans to acquire Baker Hughes in 2015. Solvay, Nalco Champion, Innospec, Calumet and Lubrizol have acquired a number of companies.
According to this study, over the next five years the Specialty Oilfield Chemicals market will register a 3.6% CAGR in terms of revenue, the global market size will reach US$ 36100 million by 2024, from US$ 29200 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Specialty Oilfield Chemicals business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Specialty Oilfield Chemicals market by product type, application, key manufacturers and key regions and countries.
This study considers the Specialty 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.
Drilling Fluids
Cementing
Conpletion & Stimulation
Production & Delivery
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Drilling Fluids
Cementing
Completion & Stimulation
Production & EOR (Enhanced Oil Recovery Chemicals)
Delivery
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.
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
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 Specialty 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 Specialty Oilfield Chemicals market by identifying its various subsegments.
Focuses on the key global Specialty 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 Specialty 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 Specialty 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 Specialty Oilfield Chemicals . Industry analysis & Market Report on Specialty Oilfield Chemicals is a syndicated market report, published as Global Specialty Oilfield Chemicals Market Growth 2019-2024. It is complete Research Study and Industry Analysis of Specialty Oilfield Chemicals market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.