Specialty Oilfield Chemicals Market Analysis - Global Industry Size, Share, Trends and Forecast, 2014 - 2024

Category : Chemicals and Materials | Delivery Format : PDF | Status: Forthcoming | Report ID : ARC298

Specialty oilfield chemicals refer to those chemicals which help in enhancement of the overall efficiency of oil recovery. Such specialty chemicals pose their effect only when they are present in the process of oilfields. But after the removal of oilfield, their properties gradually start declining and hence have to be added continuously or periodically as per the need and requirement of the oil production. Specialty oilfield chemicals help in achieving relatively greater efficiency in oilfields and improve its overall productivity. Specialty oilfield chemicals have ability to maximize the recovery of oil & gas reserves more cost effectively and further help in minimizing the ill impact on environment. Specialty oilfield chemicals are also considered as a critical product which facilitates well completion, drilling and intervention services. Various industries across the globe are focusing on promoting improved and wellsite operations which allows maximum recovery of oil and gas reserves in a relatively more cost effective manner. In addition, achieving greater oilfield efficiency and productivity and to ensure minimum wastage as well as reduced ill impact on the environment, specialty chemicals are being widely deployed. The wellsite operations including well drilling, treating, workover fluids and completion, specialty oilfield chemicals are able to perform to their greatest owing to the added functionalities and properties by the specialty oilfield chemicals. Chemicals such as ethylene amines are widely used in the manufacturing of corrosion inhibitors which inhibit corrosion of mild steel machinery and equipment in any aqueous medium. In addition to this, chelates are being widely used with different types of acids to prevent reprecipitation of ferric scales and to avoid the redissolve of other unwanted metal scales such as CaCO3, BaSO4 and SrSO4 among others.

One of the key factors fueling the demand for specialty oilfield chemicals includes rapidly increasing production of crude oil across the globe. However, oil & gas industry is currently facing a slump, thus leading to the shutdown of various oil rigs across the globe. Furthermore, the increasing use of such chemical agents prolongs the total lifespan of industrial equipment after removing the unwanted metal scales deposited which intervene with the machine operations. Hence, minimizing the overall cost of maintenance of the equipments.

The global specialty oilfield chemicals market can be segmented on the basis of type, application and region. By type, the global specialty oilfield chemicals market can be segmented into inhibitors and scavengers, demulsifiers, gellants and viscofiers, friction reducers, rheology modifiers, specialty surfactants, specialty biocides, pour point depressant, other synthetic polymers, other natural polymers and other specialty chemicals. On the basis of application, the global specialty oilfield chemicals market can be segmented into drilling fluid, well stimulation, production chemicals, cementing, workover & completion and enhanced oil recovery. On the basis of region, the global specialty oilfield chemicals market can be segmented into North America, Latin America, Europe, Middle East & Africa (MEA) and Asia-Pacific.

Key players in the global specialty oilfield chemicals market are focusing on various key market strategies such as mergers and acquisitions to gain competitive advantage in the global market. Moreover, they are concentrating on other key strategies such as expansion and new product development. Some of the major companies operating in the global specialty oilfield chemicals market globally include BASF SE, Akzonobel NV, Baker Hughes, DuPont, The Dow Chemical Company, Halliburton, Schlumberger Limited and The Lubrizol Corporation among others.

Market Segmentation

Market by Type

·         Inhibitors and scavengers

·         Demulsifiers

·         Rheology modifiers specialty surfactants

·         Gellants and viscofiers

·         Friction reducers

·         Specialty biocides

·         Pour point depressant

·         Other synthetic polymers

·         Other natural polymers

·         Other specialty chemicals

Market by Application

·         Drilling fluid

·         Well stimulation

·         Production chemicals

·         Cementing, workover & completion

·         Enhanced oil recovery

Market by Geography

·         North America

o   US

o   Canada

o   Mexico

·         Europe

o   UK

o   Germany

o   France

o   Rest of Europe

·         Asia-Pacific

o   China

o   Japan

o   India

o   Philippines

o   Rest of Asia-Pacific

·         Latin America

o    Brazil

o   Chile

o   Rest of Latin America

·         Middle East and Africa (MEA)

o   South Africa

o   Saudi Arabia

o   Rest of MEA

Related Reports

Oil Spill Dispersants Market (By Application: Onshore, Offshore) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

Introduction Oil spill is a general term used for contamination of sea, soil or land by oil or release by accident or mistake. Oil sources are spread throughout the world and are drilled both onshore and offshore. Since oil is a key source of energy, it is important that oil be consistently distributed and shipped. Oil is mainly transported by sea vessels and land pipelines. The ve

Nylon 6 & 66 Market (By Product: Nylon 66, Nylon 6; By Application: Automobile, Engineering Plastics, Electronics & Electrical, Textile, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

Introduction Nylon is a lightweight, tough synthetic polymer that is capable of producing as a molded, filamented and sheet object, and has a chemical structure. It is a thermoplastic, silky material that after melting process can be converted into films, fibers and forms. Two synthetic polymers are nylons 6 and 66 known to be polyamides used in the automotive, plastic and textile

Vanadium Market (By Application: Iron & Steel, Energy Storage, Chemical, Titanium Alloys) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

In 2017, the global Vanadium market was approximately 86.47 Kilotons and is expected to grow at the CAGR of 6.6% during the forecasted period 2019-2026. Vanadium is a chemical element discovered by Andrés Manuel del Río and atomic number 23. Owing to its various properties such as ductile and malleable transition metal it has found a wide array of application in vario

Organic Personal Care Market (By Application: Cosmetics, Skin, Oral, Hair Care, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

Personal care are the products used for daily tasks for bathing, showering, dressing and toileting, applying creams and lotions, all in the comfort of the home. During last few years, there is a significant increase in the demand for the organic products which has ultimately boosted the market for the organic personal care. Wide arrays of organic products are available in the market which includes hair care, skin care, oral care, cosm

Emulsion Polymers Market (By Type: Acrylics, Vinyl Acetate Polymers, SB Latex; By Application: Paints & Coatings, Adhesives & Sealants, Paper & Paperboard) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2018 - 2026

Emulsion polymers are obtained through combination of monomer, surfactants, and water. Oil and water based are most commonly used emulsion polymers. Emulsion polymers are majorly used for paints & coatings, automotive applications as they exhibit low VOC. Regulations such as REACH and clean air act are the major factors driving the emulsion polymer market. The market research study on &

Automotive Wrap Films Market (By Film Type: Window Films, Wrap Films, Paint Protection Film; By Vehicle Type: Heavy Duty Vehicle, Medium Duty Vehicle, Light Duty Vehicle; By Application: Advertisement Purpose, Special Purpose) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

Automotive wrap films are vinyl based graphic used on the paint of the vehicle for the purpose of enhancing the vehicle’s appearance. Automotive wrap films are also used to protect vehicle’s original paint from environmental hazards such as corrosion and dust. Average shelf life of an automotive wrap film is reported to be approximately five years, thereby making it cost effective. As they are affordable, hence they are al

Cart Summary