Oilfield Stimulation Chemical Market

Oilfield Stimulation Chemical - Global Market Outlook (2019-2027)

4.4 (82 reviews)
Published: July 2020 ID: SMRC19703
4.4 (82 reviews)
Published: July 2020 ID: SMRC19703

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

According to Stratistics MRC, the Global Oilfield Stimulation Chemical Market is accounted for $2.65 billion in 2019 and is expected to reach $6.61 billion by 2027 growing at a CAGR of 12.1% during the forecast period. Increasing applications of chemicals for penetrating deeper into earth’s crust and rapid expansion in exploration of shale gas & oil reserves are the major factors driving the market growth. However, greater concerns regarding personnel safety and environmental impact are restraining the market growth.

Oilfield stimulation chemicals include an extensive range of specialty chemicals intended to augment and support the stimulation process. Stimulation treatments are carried out in order to restore or improve the productivity of a well. Improvement in the productivity of the new flow channels results in better recovery of oil and gas from the targeted formation. 

Based on application, the hydraulic fracturing segment is likely to have a huge demand as in this process; gelling agents ensure the precise settlement of proppants. They generate better rheology for matrix stimulations when used in with other acids. By geography, Asia Pacific is going to have a lucrative growth during the forecast period due to the heavy activities of oilfield stimulation and massive investment in oil extraction market in the region. It is a key region in terms of production of surfactants, acids, etc.

Some of the key players profiled in the Oilfield Stimulation Chemical Market include BASF SE, Akzonobel N.V., Albemarle Corp, Ashland Inc, Baker Hughes Incorporated, Chevron Phillips Chemical Company, Clariant AG, DOW Chemical Company, E.I Dupont, Flotek Industries Inc, Halliburton, Schlumberger Limited and Solvay SA.

Types Covered:
• Acids & Biocides
• Breakers
• Corrosion & Scale Inhibitors
• Friction Reducers
• Gelling Agents
• Surfactants
• Other Types

Sales Channels Covered:
• Aftermarket
• Manufacturer/Distributor/Service Provider

Applications Covered:
• Shale Gas
• Oil and Gas
• Matrix Acidization
• Hydraulic Fracturing
• Acid Fracking   

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 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 analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- 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

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