Specialty Oilfield Chemicals Market Size 2019 Global Industry Growth, , Share, Trends and Forecasts Report
Global Specialty Oilfield Chemicals Market: Information by Application (Drilling, Cementing, Production, EOR), Type (Demulsifier, Deoiler, Biocide, Dewatering Additive, Fluid Loss Additive, Corrosion Inhibitor, Other), and Region—Forecast till 2023
Some of the leading players in the global specialty oilfield chemicals market are BASF SE (Germany), Solvay (Belgium), Akzo Nobel NV (Netherlands), Huntsman International LLC (US), Thermax Global (India), Sadara (Saudi Arabia), DowDuPont (US), Shrieve (US), SMC Oilfield Chemicals (US), Roemex Limited (UK), KMCO LLC (US), Global Drilling Fluids & Chemicals Limited (India), and others.
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Specialty oilfield chemicals market is gaining precedence across the globe as eco-awareness has started impacting sectors across verticals. The product itself can improve the efficiency of oil recovery from oil wells and reduce environmental impact in the process by a considerable margin. The global specialty oilfield chemicals market can expect robust growth during the forecast period (2018-20230 owing to its percolation in oil & gas industry due to its use in drilling, cementing, production, stimulation, and enhanced oil recovery (EOR). Market Research Future (MRFR) further enlists its use as corrosion preventives and microbial controlling substance that can trigger the market growth during the forecast period. Most of the chemicals are synthetic in origin. However, the sector is taking initiatives to turn products eco-friendly.
Tactical implementations of strategies by various companies not only ensure their respective growth but assist the market move forward. Policies such as merger, acquisition, collaboration, and other methods play crucial roles in taking the market forward by making it more competitive. For instance, the Carlyle group is planning to acquire Akzo Nobel’s chemical wing which is of great importance for the market. It will change the present market dynamics and help Carlyle Group set a better portfolio for themselves.
On the flip side, the market can witness slight slag as stringent government laws can impact the regular growth. Chemicals find it challenging to operate in the market nowadays owing to their harmful side-effects. Furthermore, natural substances are gaining traction which can dampen specialty oilfield chemical market prospect during the forecast period.
NuGenTec’s NuFlo Flow Enhancer follows the eco-friendly regulations and is a special formulation that helps in breaking down of crude oils. It is equally effective in both light, and heavy crude oils and its performance has been tested across a wide range of temperature and pressure.
Specialty Oilfield Chemicals Market can be segmented by application and type.
Based on application, the global specialty oilfield chemicals market can be segmented into drilling, cementing, production, enhanced oil recovery (EOR), and stimulation.
Based on type, the global specialty oilfield chemicals market can be segmented into demulsifier, deoiler, biocide, fluid loss additive, corrosion inhibitor, scale inhibitor, clay stabilizer, pour point depressant, and others.
Geographically, the specialty oilfield chemicals market spans across Asia Pacific (APAC), North America, Europe, Latin America (LATAM), and the Middle East & Africa (MEA).
North America has the largest market share and is currently, leading the pack. The region is investing heavily in the oil & gas industry owing to which specialty oilfield chemicals market is gaining much precedence. Shale gas exploration is also getting a fresh lease of life which is also triggering the market growth.
The MEA market is assuming the second position with Saudi Arabia, Kuwait, and Iran producing a substantial amount of oil and using specialty oilfield chemicals in the process. The APAC region is also showing significant progress. However, Europe and the LATAM can only expect moderate growth.
- Specialty oilfield chemicals manufacturers
- Traders and distributors of specialty oilfield chemicals
- Research and development institutes
- Potential investors
- Raw material suppliers
- Nationalized laboratories
TABLE OF CONTENTS
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Porter’s Five Forces Analysis
4.1.1 Threat Of New Entrants
4.1.2 Bargaining Power Of Buyers
4.1.3 Threat Of Substitutes
4.1.4 Segment Rivalry
4.2 Value Chain/Supply Chain Of Global Specialty Oilfield Chemicals Market
5 Industry Overview Of Global Specialty Oilfield Chemicals Market