Specialty Oilfield Chemicals Market Report

Market Insights

Specialty Oilfield Chemicals Market is likely to witness an impressive CAGR of 4.8% during the forecast period. The prime factor that is contributing to the demand for specialty oilfield chemicals market is the growing demand for energy production and increase in the production of crude oil. Most of the countries are focusing to extract more oil from the existing as well as from new reserves, due to which, the global production of crude oil is growing at a faster pace.

Segments' Analysis

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Specialty Oilfield Chemicals Market Share: By Application Type

Based on the application type, the market is segmented as Enhanced Oil Recovery (EOR), cementing, production, well stimulation, drilling fluids, and workover & completion. Production is likely to be the largest as well as the fastest-growing segment of the specialty oilfield chemicals market. In recent years, the production of crude oil has been increased in countries such as the USA and in Arabian countries. This continuous demand from such countries is likely to boost the demand for specialty oilfield chemicals during the forecast period.

Specialty Oilfield Chemicals Market Share: By Chemical Type

Based on the chemical type, the market is segmented as inhibitors & scavengers, demulsifiers, friction reducers, specialty biocides, rheology modifiers, specialty surfactants, pour-point depressants, and others. The biocides segment of the specialty oilfield chemicals market is estimated to grow at the highest CAGR during the forecast period. Biocides completely eliminate or control the microbial growth in oilfields. They maintain and optimize oil & gas production from reservoirs by reducing the downtime caused by corrosion. These chemicals are also used to clean oil wells and surface equipment.

Specialty Oilfield Chemicals Market Share: By Region

In terms of regions, North America is estimated to be the largest as well as the fastest-growing market due to the presence of various key producers of specialty oilfield chemicals in the region and growing exploration activities for oil reserves & shale gas. The US is depicting increased demand for specialty oilfield chemicals, which is expected to continue in the future as well. Latin America and The Middle East are amongst the other rapidly growing markets. These markets are characterized by increasing oil exploration and drilling activities owing to rapid industrial growth in the regions. Europe and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.

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Market Scope & Segmentation

Completion, well drilling, treating and workover fluids perform to their outmost because of the specialty chemicals that are added to impart unique properties and functionality. The specialty oilfield chemical helps to balance unpredictability and provide excellent performance, with an eye to the environment protection.

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The specialty oilfield chemicals market is segmented into the following categories. 

Specialty Oilfield Chemicals Market Size, Share, & Forecast, by Application Type:

• Enhanced Oil Recovery (EOR) (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Cementing (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Production (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Well Stimulation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Drilling Fluids (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Workover & Completion (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Specialty Oilfield Chemicals Market Size, Share, & Forecast, by Chemical Type:

• Inhibitors & Scavengers (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Demulsifiers (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Friction Reducers (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Specialty Biocides (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Rheology Modifiers (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Specialty Surfactants (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Pour-point Depressants (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Specialty Oilfield Chemicals Market Size, Share, & Forecast, by Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Key Players

Some of the major specialty oilfield chemical manufacturers are-

• Akzo Nobel N.V.
• BASF SE
• Halliburton Company
• Baker Hughes, Inc
• Schlumberger N.V.
• Solvay SA
• DowDuPont
• Ecolab Inc.
• Clariant AG
• The Lubrizol Corporation.

Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the application types by chemical type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].