the global oilfield chemicals market generated $44.86 billion in 2018 and is anticipated to reach $70.377 billion by 2026, rolling a CAGR of 7.1% from 2019 to 2026. The report cites a detailed analysis of market size & forecast, market dynamics, drivers & opportunities, research methodology and key market segment.
The high demand for top-end drilling fluids has escalated the growth of the market in more than one way, while the rise in oil exploration and several production activities has also been a dominating factor. At the same time, the rapid expansion of shale oil production is expected to cox the growth to a great height. Nevertheless, price fluctuations in crude oil and the awareness of environmental concerns might work as a barrier against the growth of the market. On the other hand, the advent of various eco-friendly oil-field chemicals creates new opportunities in the market.
North America held the largest share in the market in terms of revenue in the year 2018, contributing more than two-third of the total revenue. The dynamic domestic shale gas production and the huge expansion in horizontal drilling & hydraulic fracturing has helped North America continue the legacy to remain the traditional leader in oilfield chemicals market.
Corrosion and Score inhibitors contributed to three-tenth of the total market share in 2018 and is expected to maintain the same ratio by 2026. Application of corrosion inhibitors as anti-corrosion has now become quite common in drilling activities.
The segment of Drilling Fluids contributed to more than one third of the total market share in 2018 and will dominate in terms of revenue during the forecast period. The high demand for lubricator in chemical production and the increase in the number of oilfield drilling activities has spurred the growth of this particular segment. The Well Stimulation segment, on the other hand, is assumed to grow at the highest CAGR of 8% during 2018-2026.
The report analyzes and forecasts the oilfield chemicals market at global and regional levels. The market has been forecast based on volume (Tons) and value (US$ Mn) from 2019 to 2026. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report comprises a detailed value chain analysis, which provides a comprehensive view of the global oilfield chemicals market. The Porter’s Five Forces model has also been included to help understand the competitive landscape of the market. The study encompasses market attractiveness analysis, wherein various applications have been benchmarked based on their market size, growth rate, and general attractiveness.
The study provides a decisive view of the oilfield chemicals market by segmenting it in terms of form and application. The segment has been analyzed based on the present and future trends. Regional segmentation includes the current and projected demand in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
The report provides size (in terms of volume and value) of oilfield chemicals market for the base year 2018 and the forecast between 2019 and 2026. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
Competitive Landscape is the most valuable part of this report
The key players profiled in the report are Baker Hughes, Schlumberger Limited, Halliburton, Solvay S.A., Ecolab Inc., Newpark Resources Inc., BASF SE, Lubrizol Corporation, Akzonobel NV, and Albemarle Corp.
The other major players (not profiled in report) in the market include E I Dupont de Nemours and Company, Huntsman Corporation, Kemira Oyj, Clariant AG, Chemcon Specialty Chemicals Pvt. Ltd., Universal Oil Field Chemicals Pvt. Ltd., Imperial Oilfield Chemicals Pvt. Ltd., REDA Oilfield, Stepan Company, and Champion Technologies.
Key financial developments of a particular company and product & company overview are some of the elements that help in acquiring information about top vendors in the market. This particular section has also included a SWOT analysis of the companies featured in the report. This will help the audience in knowing about opportunities, strengths, threats and weaknesses that are facing by the key vendors in the chemical and material industry across the world. As the competitive landscape is the most valuable part of any report, it consists of all the required information for the detailed study of top players functioning in the industries. It is also an interesting part to find how exactly these key manufacturers implement various strategies to secure the top rank in the industry. Such an in-depth information is useful for the new entrants into the industry as they would be able to learn a bit from these key vendors. Similarly, the information provided in the research report will also be valuable for the renowned key players as well, as they come to know the strategies of their counterparts to sustain in the competitive industry.
Corrosion & Scale Inhibitors
Gellants & Viscosifiers
Enhanced Oil Recovery
Workover & Completion
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
Primary research represents a bulk of research efforts, supplemented by extensive secondary research. Annual reports, press releases, and relevant documents of key players operating in various application areas have been reviewed for competition analysis and market understanding.
Secondary research also includes recent trends, technical writing, Internet sources, and statistical data from government websites, trade associations, and agencies. These have proved to be reliable, effective, and successful approaches for obtaining precise market data, capturing market participants’ insights, and recognizing business opportunities.
The study objectives of this report are:
Global Textile Printing Machine Market Size, Share, Growth, Trends, Company Analysis and Forecast 2019-2026Read more...
Global Green Coatings Market Size, Share, Growth, Trends, Company Analysis and Forecast 2019-2026Read more...
Global Precast Construction Market Size, Share, Growth, Trends, Company Analysis and Forecast 2019-2026Read more...
Global Oilfield Chemicals Market Size, Share, Growth, Trends, Company Analysis and Forecast 2019-2026Read more...
Global Molded Plastics Market Size, Share, Growth, Trends, Company Analysis and Forecast 2019-2026Read more...