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Oilfield Chemicals - Global Market Outlook (2019-2027)

Oilfield Chemicals - Global Market Outlook (2019-2027)

Published: July 2020 ID: SMRC19475
Published: July 2020 ID: SMRC19475

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Oilfield Chemicals Market is accounted for $19.74 billion in 2019 and is expected to reach $32.18 billion by 2027 growing at a CAGR of 6.3% during the forecast period. Growth in oil exploration & production activities and the emergence of eco-friendly oilfield chemicals are the major factors propelling market growth. However, crude oil price fluctuations and an increase in environmental concerns are hampering the market growth.

Oilfield chemicals are chemical components that are applied in oil & gas extraction operations. These are used in good drilling and production facilities to enhance the extraction operations by improving productivity & efficiency of the oil drilling process & petroleum refining and to achieve optimum performance with effective oil recovery. These chemicals facilitate the maintenance of smooth operating oilfield, which result in the reduction of expenses over delays and stoppages during drilling processes. These chemicals impede the formation of the metal scales and reduce the water quantity into the oil well during exploration & drilling, which results in rising demand and applications of oilfield chemicals.

Based on the application, the upstream segment is going to have a lucrative growth during the forecast period owing to increasing deep & ultra-deep drilling activities. Moreover, well stimulations & enhanced oil recovery are further expected to witness high gains to the oilfield chemicals market over the forecast period.

By geography, North America is going to have a lucrative growth during the forecast period due to the owing to the growth in oil gas activities with the advancement in hydraulic fracturing and drilling processes. Moreover, technological advancement and the rise in drilling activities are expected to increase the demand for oilfield chemicals shortly. The U.S. dominated the North America oilfield chemicals market, followed by Canada.

Some of the key players profiled in the Oilfield Chemicals Market include Baker Hughes, Schlumberger Limited, Halliburton, Solvay S.A, Ecolab Inc, Newpark Resources Inc, BASF SE, Lubrizol Corporation, Akzonobel NV, Albemarle Corp, E I Dupont, Clariant AG, and Stepan Company.

Locations Covered:
• Onshore
• Offshore

Types Covered:
• Biocides
• Friction Reducers
• Demulsifiers
• Surfactants
• Polymers
• Gellants & Viscosifiers
• Pour-Point Depressants
• Inhibitors & Scavengers
• Rheology Modifiers
• Foamers

Applications Covered:
• Upstream
• Downstream

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019 2020, 2024, and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliance

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