Specialty Oilfield Chemicals Market by Type, Application, and Region - Global Forecast to 2025
DUBLIN, June 26, 2020 /PRNewswire/ -- The "Specialty Oilfield Chemicals Market by Type (Demulsifiers, Inhibitors & Scavengers, Rheology Modifiers, Friction Reducers, Specialty Biocides, Specialty Surfactants, Pour Point Depressants), Application, and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The market size of specialty oilfield chemicals was USD 11,824.7 million in 2019 and is projected to reach USD 13,363.4 million by 2025, at a CAGR of 4.2%.
Specialty oilfield chemicals are used to achieve higher productivity and increase the yield of an oil & gas field. The consumption of these chemicals varies according to the oil well specifications and imparts unique capabilities and functionality to well drilling, completion, and intervention or stimulation activities. North America is the largest market, followed by the Middle East & Africa.
A projected increase in crude oil production after an expected decrease in the COVID-19 impact in the near future is expected to drive the market during the forecast period. Stringent environmental regulations and geopolitical issues in the Middle East region are the factors restraining the market. The discovery of new oilfields and an increase in aging oil reservoirs are expected to provide high growth opportunities to manufacturers.
Demulsifiers to be the largest type segment in the global specialty oilfield chemicals market
Demulsifiers is projected to be the largest type segment in the global specialty oilfield chemicals market from 2020 to 2025. They find extensive application in the separation of water and oil from water-oil emulsions, and thereby, reduce the chance of adulteration in the produced oil. They act on the emulsion by flocculation of oil droplets, dropping of water, and coalescence of water droplets. The major factor driving the demulsifiers type is an expected increase in crude oil production after an expected decrease in the COVID-19 impact in the near future.
Production to be the largest application of specialty oilfield chemicals during the forecast period
Production is expected to be the largest application segment of the global specialty oilfield chemicals market from 2020 to 2025. The increase in the production of crude from major oil-producing countries around the globe is expected to propel the demand for specialty oilfield chemicals during the forecast period. Conventionally, drilling and production applications have the highest consumption of oilfield chemicals, but the decrease in drilling activities in various regions due to the declining oil prices have resulted in production as the largest application of specialty oilfield chemicals, globally. These factors are expected to boost the demand for these chemicals in the production application.
North America to be the leading market during the forecast period, in terms of both volume and value
North America is the largest specialty oilfield chemicals market as the region holds considerable growth potential for extensive oil and gas production and even drilling activities, which plays an important role in propelling the demand for specialty oilfield chemicals in the country. The exploration of shale gas reserves in the region presents growth opportunities for the specialty oilfield chemicals market. This trend is expected to continue due to the discovery of new resources and continued exploration and production activities in this region.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Specialty Oilfield Chemicals Market
4.2 Specialty Oilfield Chemicals Market, by Type
4.3 Specialty Oilfield Chemicals Market, by Type and Country
4.4 Specialty Oilfield Chemicals Market, by Application
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Expected Increase in Crude Oil Production in the Near Future
5.2.1.2 Unique Characteristics of Specialty Oilfield Chemicals
5.2.2 Restraints
5.2.2.1 Declining Crude Oil Prices
5.2.2.2 Geopolitical Issues in the Middle East
5.2.3 Opportunities
5.2.3.1 Discoveries of New Oilfields
5.2.3.2 Increase in Aging Oil Reservoirs
5.2.4 Challenges
5.2.4.1 Stringent Environmental Regulations
6 Industry Trends
6.1 Porter's Five Forces Analysis
6.1.1 Bargaining Power of Suppliers
6.1.2 Threat of New Entrants
6.1.3 Threat of Substitutes
6.1.4 Bargaining Power of Buyers
6.1.5 Intensity of Competitive Rivalry
6.2 Supply Chain Analysis
6.2.1 Supply Chain of Specialty Oilfield Chemicals Market
6.2.2 Impact of Covid-19 on the Supply Chain
6.2.2.1 Impact of Covid-19 on the Oil & Gas Industry
6.2.2.1.1 most Affected Regions
6.2.2.1.2 Publisher Viewpoint on Growth and New Market Opportunities
6.3 Ecosystem
6.4 Case Study
6.5 Macroeconomic Indicators
6.5.1 Trends and Forecast of Gdp
6.5.2 Trends of Production & Drilling
7 Specialty Oilfield Chemicals Market, by Type
7.1 Introduction
7.2 Demulsifiers
7.2.1 Increase in Crude Oil Production is Expected to Drive the Demand for Demulsifiers
7.3 Inhibitors & Scavengers
7.3.1 Increased Demand for Inhibitors & Scavengers in Aging Wells to Boost the Market
7.4 Rheology Modifiers
7.4.1 Increase in Drilling Activities is Expected to Drive the Demand in This Segment
7.5 Friction Reducers
7.5.1 Growth of This Segment is Dependent Upon Well Stimulation Activities
7.6 Specialty Biocides
7.6.1 Increased Usage in Various Oil Extraction Processes is Expected to Drive their Demand
7.7 Specialty Surfactants
7.7.1 Increasing Enhanced Oil Recovery Activities to Drive the Segment
7.8 Pour Point Depressant
7.8.1 High Wax Content of Asian Crude Oil is Expected to Drive the Market
7.9 Others
8 Specialty Oilfield Chemicals Market, by Application
8.1 Introduction
8.2 Production
8.2.1 Decreasing Crude Oil Prices is Boosting the Production Application
8.3 Well Stimulation
8.3.1 Extensive Use of Hydraulic Fracturing Technique in Increasing the Demand for Well Stimulation
8.4 Drilling Fluids
8.4.1 Increasing Drilling Activities for Oil & Gas Exploration is Boosting the Application
8.5 Enhanced Oil Recovery
8.5.1 This Application Helps to Recover Oil from Reserves that are in Declining or Matured Stage
8.6 Cementing
8.6.1 Cementing Helps to Overcome Numerous Oil Well-Related Problems and Lost Operation Time
8.7 Workover & Completion
8.7.1 Increased Drilling Activities along with Increasing need for Fluids is Boosting the Application Segment
9 Specialty Oilfield Chemicals Market, by Region
9.1 Introduction
9.2 North America
9.2.1 Impact of Covid-19 on the Oil & Gas Industry in North America
9.2.2 US
9.2.2.1 Efficient Crude Oil Production will Drive the Demand for Specialty Oilfield Chemicals
9.2.3 Canada
9.2.3.1 Increased Onshore and Offshore Oil Production to Propel the Market
9.2.4 Mexico
9.2.4.1 the Country is the Third- Largest Crude Oil Producer in the Region
9.3 Middle East & Africa
9.3.1 Impact of Covid-19 on the Oil & Gas Industry in the Middle East & Africa
9.3.2 Saudi Arabia
9.3.2.1 Crude Oil Production to Boost the Growth of the Specialty Oilfield Chemicals Market
9.3.3 Iran
9.3.3.1 Increasing Crude Oil Production As a Result of the Lifting of the Iranian Oil Export Sanctions to Drive the Market
9.3.4 Iraq
9.3.4.1 Restructuring the Oil & Gas Industry to Drive the Demand for Specialty Oilfield Chemicals
9.3.5 UAE
9.3.5.1 Increased Enhanced Oil Recovery Activities to Drive the Demand for Specialty Oilfield Chemicals
9.3.6 Nigeria
9.3.6.1 Projected Rise in Oil Prices to Drive the Demand for Specialty Oilfield Chemicals
9.3.7 Rest of Middle East & Africa
9.4 Former Soviet Union
9.4.1 Impact of Covid-19 on the Oil & Gas Industry in Former Soviet Union
9.4.2 Russia
9.4.2.1 Development of New Oilfields will Drive the Demand in the Market
9.4.3 Kazakhstan
9.4.3.1 Increased Onshore Crude Oil Production to Propel the Market
9.4.4 Rest of Former Soviet Union
9.5 APAC
9.5.1 Impact of Covid-19 on the Oil & Gas Industry in Apac
9.5.2 China
9.5.2.1 Increase in Investments by National Oil Companies in Oil & Gas Exploration to Drive the Market
9.5.3 Indonesia
9.5.3.1 Reorientation of Oil & Gas Sector Through Government Support to Result in Increasing Exploration Activities
9.5.4 India
9.5.4.1 Government Initiatives to Boost the Oil & Gas Sector in the Country
9.5.5 Malaysia
9.5.5.1 Government Initiatives in the Enhanced Oil Recovery Activities and Development of Smaller and Marginal Fields will Boost the Market
9.5.6 Thailand
9.5.6.1 Increasing Crude Oil Production and New Drilling Activities will Boost the Market in the Country
9.5.7 Rest of Apac
9.6 Europe
9.6.1 Impact of Covid-19 on the Oil & Gas Industry in Europe
9.6.2 Norway
9.6.2.1 Increased Foreign Investment in Exploration Activities will Drive the Demand for Specialty Oilfield Chemicals
9.6.3 UK
9.6.3.1 Discoveries of Oil Reserves will Drive the Demand for Specialty Oilfield Chemicals
9.6.4 Netherlands
9.6.4.1 Growing Gas Exploration to Drive the Specialty Oilfield Chemicals Market
9.6.5 Rest of Europe
9.7 South America
9.7.1 Impact of Covid-19 on Oil & Gas Industry
9.7.2 Brazil
9.7.2.1 Rising Exploration Activities and Discovery of New Oilfields to Drive the Market
9.7.3 Venezuela
9.7.3.1 Presence of Potential Oilfields in the Country to Drive the Demand for Specialty Oilfield Chemicals
9.7.4 Rest of South America
10 Competitive Landscape
10.1 Overview
10.2 Market Ranking Analysis
10.3 Competitive Scenario
10.3.1 Merger & Acquisitions
10.3.2 New Product Development
10.3.3 Agreements & Joint Ventures
11 Company Profiles
11.1 BASF SE
11.1.1 Business Overview
11.1.2 Products Offered
11.1.3 Recent Developments
11.1.4 Swot Analysis
11.1.5 Winning Imperatives
11.1.6 Current Focus and Strategies
11.1.7 Threat from Competition
11.1.8 Basf'S Right to Win
11.2 Ecolab
11.3 Clariant
11.4 The DOW Chemical Company
11.5 Solvay
11.6 Schlumberger
11.7 Nouryon
11.8 Halliburton
11.9 Baker Hughes Company
11.10 Kemira
11.11 Other Company Profiles
11.11.1 Huntsman
11.11.2 Croda
11.11.3 Albemarle
11.11.4 Chevron Philips Chemical Company
11.11.5 Innospec
11.11.6 National Oilwell Varco
11.11.7 Geo Specialty Chemicals
11.11.8 Kraton
11.11.9 Thermax
11.11.10 Oleon
11.11.11 Roemex
11.11.12 Ashland
11.11.13 Purechem Energy Services
11.11.14 Stepan Company
11.11.15 Elementis
For more information about this report visit https://www.researchandmarkets.com/r/w2ahrs
Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.
Media Contact:
Research and Markets
Laura Wood, Senior Manager
[email protected]
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1904
Fax (outside U.S.): +353-1-481-1716
SOURCE Research and Markets
Share this article