Oilfield Chemicals Market Size & Forecast Report, 2014 - 2025

The global Oilfield Chemicals Market is estimated to touch US$ 28.48 Billion by the completion of the year 2025. The growing demand for crude oil is expected to navigate the progress of the chemicals business above the period of prediction. The market is expected to develop by a CAGR of 4.3%. The international business is estimated to detect a rectilinear development tendency above the period of prediction due to the change in preference in the direction of misusing the exceptional means of hydrocarbon. Their uses in operations comprise workover & completion, production, cementing, and drilling.

The oilfield chemicals are constituents that are useful in the operation of oil & gas pulling out. These are utilized in the amenities of well drilling and production to increase the taking out processes by way of refining efficiency & productivity of the oil drilling, procedure of petroleum purification and to attain the optimal performance using actual oil retrieval. These chemicals help in the conservation of even operational oilfields, which effect a decrease of expenditures above postponements and work stoppage for the period of drilling procedures. These chemicals obstruct the creation of the metallic scales and decrease the water content into the oil well throughout exploration & drilling. Its consequences in growing demand and uses of oilfield chemicals.

The market is motivated by the growth in oil exploration & production actions, which sequentially upsurges the necessity for oilfield chemicals. Furthermore, the continuing actions to fulfill the universal demand for energy carried more crude oil wells and production all over the world. It upsurges demand for the chemicals. However, price variation of crude oil and surge in conservational anxieties are likely to impede the progress of the market in the nearby future. The arrival of ecological responsive oilfield chemicals is likely to deliver a considerable opening for progress shortly.

The market on the source of Type of Location could span Offshore, Onshore. The market on the source of Type of Application could span Workover & Completion, Production Chemicals, Enhanced Oil Recovery, Cementing, Drilling Fluids, Well Stimulation. The market on the source of Type of Product could span Foamers, Biocides, Rheology Modifiers, Inhibitors, Surfactants, Friction Reducers, Gallants & Viscosifiers, Demulsifiers, Corrosion & Scale Inhibitors, Polymers, and Others.

The market on the source of Area concerning Trades in terms of intake, Profits, Market stake, and Development percentage could span North America [U.S., Canada, and Mexico], Europe [Norway, Russia U.K.], Asia Pacific [India, China, Indonesia], Central & South America [Brazil, Argentina, Venezuela], and the Middle East & Africa [UAE, Saudi Arabia, Nigeria, Algeria].

By the source of geography, North America is the most important area in the Oilfield Chemicals market. North America appeared by way of the biggest customer of oilfield chemicals and the provincial business was appreciated above US$ 6.80 billion in the year 2016 and is expected to observe stable development above the following eight years. The demand for inhibitor formulations in the U.S. was appreciated by US$ 910.8 billion in the year 2016 and is anticipated to develop by a CAGR of 4.5% above the period of prediction.

The Asia Pacific is expected to appear as the speedily developing provincial section; thanks to the fact that it will be responsible for grabbing more than 17% stake of the complete profits by the completion of the year 2025. The area of the Middle East & Africa is likely to observe a sturdy development by a CAGR of 4.5% for the duration of the prediction. The statement revises trades in terms of intake in the market; particularly in North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa. It concentrates on the topmost companies operating in these regions. Some of the important companies operating in the field are Albemarle Corp., Lubrizol Corporation, New park Resources Inc., Solvay S.A., Schlumberger Limited, Akzonobel NV, BASF SE, Ecolab Inc., Halliburton, and Baker Hughes.

Additional noticeable companies operating in the field are Champion Technologies, REDA Oilfield, Universal Oil Field Chemicals Pvt. Ltd., Clariant AG, Huntsman Corporation, Stepan Company, Imperial Oilfield Chemicals Pvt. Ltd., Chemcon Specialty Chemicals Pvt. Ltd., Kemira Oyj, and E I DuPont de Nemours and Company.

Market Segment:

Product Outlook (Revenue, USD Million, 2014 - 2025)
    • Inhibitors
    • Demulsifiers
    • Rheology Modifiers
    • Friction Reducers
    • Biocides,
    • Surfactants
    • Foamers
    • Others

Application Outlook (Revenue, USD Million, 2014 - 2025)
    • Drilling
    • Production
    • Cementing
    • Workover & completion

Location Outlook (Revenue, USD Million, 2014 - 2025)
    • Onshore
    • Offshore

Regional Outlook (Revenue, USD Million, 2014 - 2025)
    • North America
        • the U.S.
        • Canada
        • Mexico
    • Europe
        • the UK
        • Russia
        • Norway
    • the Asia Pacific
        • China
        • India
        • Indonesia
    • Central and South America
        • Brazil
        • Argentina
        • Venezuela
    • the Middle East and Africa
        • Saudi Arabia
        • UAE
        • Algeria
        • Nigeria