Production Chemicals Market Analysis | 2023-2028

Market Highlights

"The Production Chemicals market is likely to grow at a promising CAGR of 5.6% in the long run to reach US$ 12.2 Billion in 2028".

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Market Dynamics

Introduction

Production chemicals are a broad range of chemicals used in the oil and gas industry to improve the recovery of hydrocarbons from wells.

Market Drivers

The growth of the market is being driven by the increasing demand for oil and gas, the development of new technologies, and the growing focus on environmental protection.

Key Players

The following are the key players in the Production Chemicals Market (arranged alphabetically).

• AkzoNobel NV
• Ashland Global Holdings
• Baker Hughes
• BASF
• Clariant
• Croda
• DuPont
• Ecolab
• Halliburton
• Schlumberger

Note: The above list does not necessarily include all the top players in the market.

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Market Segment Analysis

By Type

"The most dominant type of production chemical is demulsifiers".

• The Production Chemicals market is segmented into Demulsifiers, Corrosion Inhibitors, Scale Inhibitors, Asphaltene Inhibitors, Biocides, Scavengers, Surfactants, and Others. 
• Demulsifiers are used to break down emulsions, which are mixtures of oil and water.
• They are essential for the oil and gas industry because they help to improve the flow of oil and prevent the formation of scale.
• The fastest growing type of production chemical is biocides.
• Biocides are used to kill bacteria and other microorganisms that can grow in oil and gas wells. These microorganisms can produce slime, which can block flow and damage equipment

By Oil-Field Type

"The most dominant oil field type is onshore. Onshore oil fields account for about 70% of the world's oil production".

• The market is segmented into Onshore and Offshore.
• They are typically easier to access and develop than offshore oil fields, and they are also less expensive to operate.
• However, onshore oil fields are becoming increasingly depleted, and there is a growing focus on offshore oil exploration and development.
• Offshore oil fields are the fastest growing oil field type. They account for about 30% of the world's oil production, and this number is expected to grow in the coming years.
• Offshore oil fields are more challenging to access and develop than onshore oil fields, but they can be more productive. They are also less affected by environmental regulations than onshore oil fields.

Regional Analysis

"The dominant region in the Production Chemicals market is North America. North America accounts for about 35% of the global market, and this number is expected to grow in the coming years".

• The growth of the market in North America is being driven by the presence of major oil and gas producers, the development of new technologies, the focus on environmental protection.
• The fastest growing region for the production chemicals market is Asia-Pacific. Asia-Pacific accounts for about 25% of the global market.
• The growth of the market in Asia-Pacific is being driven by the increasing demand for oil and gas, the development of new oil and gas fields, and the focus on environmental protection.

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Research Methodology

• This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s Production Chemicals market realities and future market possibilities for the forecast period.
• The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.
• The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.
• This report offers high-quality insights and is the outcome of a 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 books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
• We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both 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 market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market.

What Deliverables Will You Get in this Report?

The Production Chemicals market is segmented into the following categories.

Production Chemicals Market, by Type

• Demulsifiers (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Corrosion Inhibitors (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Scale Inhibitors (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Asphaltene Inhibitors (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Biocides (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Scavengers (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Surfactants (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Production Chemicals Market, by Oil-Field Type

• Onshore (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Offshore (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Production Chemicals Market, by Region

• North America (Country Analysis: The USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, The UK, Russia, and The Rest of Europe)
• Asia-Pacific (Country Analysis: Japan, China, India, and The Rest of Asia-Pacific)
• Rest of the World (Country Analysis: Brazil, Saudi Arabia, and Others)

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 three players)
• SWOT analysis of key players (up to three players)

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 to sales@stratviewresearch.com.