About Oilfield Chemical
After finishing the drilling and cementing operations of an oil/gas well it is necessary to displace the well fluid from a drilling fluid system to a completion fluid system. Completion requires the use of a packer fluid in the annulus between the casing and the manufacture tubing. Various types of chemicals are required to aid the production, handling, and transportation of crude oil. The chemicals used fall into several types. Most Oilfield production chemicals (OFCs) are complex formulations of many different chemicals. Often the constituent chemicals are not pure chemical species but a mixture of reaction products, reactants, and diluents.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Oilfield Chemical market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Kraton Corporation (United States), Huntsman International LLC (United States), Solvay (Belgium), NuGenTec (United States), The Freedonia Group (United States), Akzonobel NV (Netherlands), Albemarle Corporation (United States), BASF SE (Germany), CES Energy Solutions Corp. (Canada), Croda International PLC (United Kingdom), Flotek Industries Inc. (United States), Halliburton (United States), Nalco Champion Technologies Inc. (ECOLAB) (United States) and The Lubrizol Corporation (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Innospec (United States), Kemira (Finland) and Zirax Limited (United Kingdom).
Segmentation Overview
AMA Research has segmented the market of Global Oilfield Chemical market by Type (Biocides, Corrosion and Scale Inhibitors, Demulsifiers, Polymers, Surfactants and Other), Application (Drilling [Water-Based Muds, Oil Based Muds, Synthetic-Based Muds], Cementing, Workover and Completion, Well Stimulation, Production, Enhanced Oil Recovery and Others) and Region.
On the basis of geography, the market of Oilfield Chemical has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Rising Drilling and Completion Activity and Development of Eco-Friendly Chemicals
Market Growth Drivers:
Rising Demand for Petroleum-Based Fuel from the Transportation Industry and Growing Shale Gas and Oil Activity
Challenges:
High Risk of Gas Reservoirs
Restraints:
High Cost Related to Oilfield Chemicals
Opportunities:
Rapid Growth in Unconventional Oil and Gas Activity and Increasing Use in the Crude Oil and Petrol Refinery Activities
Market Leaders and their expansionary development strategies
On June 18, 2019 - The Lubrizol Corporation has announced an exclusive global partnership with Corbion Biotech, Inc, bringing AlgaPūr high stability high oleic algae oil to the personal care and cosmetics markets. Based in the Netherlands, Corbion is a global market leader in algae ingredients. This collaboration combines Lubrizol's formulation experience and knowledge of the personal care market with Corbion's innovative bio-based solutions and sustainable practices.
In Europe - Chemicals legislation like REACH and BPR represents a special case in regard to the transition of legislation from EU to UK, because an important role is defined for ECHA, which is an EU institution funded by EU Member States. The governments have put certain regulations in place which limits the use of water to a certain quantity. The regulatory bodies also pose restrictions on the chemicals used during the extraction process.
Key Target Audience
Manufacturers of Oilfield Chemicals, Suppliers of Oilfield Chemicals, Wholesalers, Distributors and Retailers of Oilfield Chemicals, Oil & Gas Industry, Regulatory Bodies and Governmental Bodies
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.