The global specialty oilfield chemicals market was valued at USD 12.24 billion in 2018 and is expected to reach USD 16.41 billion in 2026, growing at a CAGR of 3.8% during the forecast period.
The specialty oilfield chemicals market is growing at a steady pace due to its increasing production of crude oil backed by the rising demand for energy production. Growing demand for EOR application along with the increasing deep drilling activities for oil and gas is further driving the growth of the global market. However, fluctuations in crude oil prices and stringent regulatory policies for chemicals are some of the major factors hampering the growth of the global market. The technological advancements in environmental-friendly products and solutions are expected to offer growth opportunities for the global specialty oilfield chemicals market in the near future.
Specialty Oilfield Chemicals Market Segmentation |
|
| By Type | 1. Demulsifiers |
| 2. Inhibitors & Scavengers | |
| 3. Rheology Modifiers | |
| 4. Others | |
| By Application | 1. Drilling Fluids |
| 2. Cementing | |
| 3. Well Stimulation | |
| 4. Enhanced Oil Recovery (EOR) | |
| 5. Production | |
| 6. Others | |
| By Region | 1. North America (US and Canada) |
| 2. Europe (UK, Germany, France and Rest of Europe) | |
| 3. Asia Pacific (China, Japan, India and Rest of Asia Pacific) | |
| 4. Latin America (Brazil, Mexico and Rest of Latin America) | |
| 5. Middle East & Africa (GCC and Rest of Middle East & Africa) | |
The demulsifiers segment is expected contributes a major share in the global specialty oilfield chemicals market
Based on type, the specialty oilfield chemicals market has been segmented into demulsifiers, inhibitors & scavengers, rheology modifiers, and others. Among these types of specialty oilfield chemicals, the demulsifiers segment accounted for around 38% share in the global specialty oilfield chemicals market in 2018. This is owing to increasing applications in petrol refinery and crude oil activities. Moreover, the demulsifiers are used to separate oil from water, which in turn, increases its application in the export of crude oil.
Based on application, the production segment expected to grow at the fastest rate, a CAGR of 4.8%, during the forecast period
Based on applications, the specialty oilfield chemicals market has been segmented into drilling fluids, cementing, well stimulation, enhanced oil recovery (EOR), production, and others. The production segment accounted to register a remarkable growth in the market over the forecast period. The increasing production of crude oil in North America and Middle East, such as Saudi Arabia, is significantly augmenting the demand for specialty oilfield chemicals at a global level.
North America to hold a major share in the global specialty oilfield chemicals market throughout the forecast period
North America contributes the largest share in the market and held for around 29% of the total market in 2018. The US crude oil and natural gas plant liquids production continues to grow as a result of the further development of tight oil resources. According to the US Energy Information Administration, in 2018, around 669 million metric tons of oil were produced in the US. The US is the largest oil-consuming nation across the globe, consuming nearly 919.7 million metric tons in 2018. Technological advancements for extraction in the US have made shale oil projects more feasible, which creates a lucrative opportunity for specialty oilfield chemicals manufacturers to invest in the country.
Company Profiles and Competitive Intelligence in Specialty Oilfield Chemicals Market Report are:
The major players operating in the global specialty oilfield chemicals market are AkzoNobel N.V. (The Netherlands), Solvay S.A. (Belgium), The Dow Chemical Company (US), Schlumberger Ltd. (US), The Lubrizol Corporation (US), Clariant AG (Switzerland), Baker Hughes Inc. (US), Halliburton Energy Services, Inc. (US), Kemira OYJ (Finland), and BASF SE (Germany), among others.
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Chapter 1 Executive Summary
1.1. Market Summary
1.1.1. Global Specialty Oilfield Chemicals Market, 2016-2026, (USD Million)
1.2. Market Snapshot: Global Specialty Oilfield Chemicals Market
1.3. Market Dynamics
1.4. Global Specialty Oilfield Chemicals Market, by Segment, 2018
1.4.1. Global Specialty Oilfield Chemicals Market, by Type, 2018, (USD Million)
1.4.2. Global Specialty Oilfield Chemicals Market, by Application, 2018, (USD Million)
1.4.3. Global Specialty Oilfield Chemicals Market, by Region, 2018 (USD Million)
1.5. Premium Insights
1.5.1. Specialty Oilfield Chemicals Market In Developed Vs. Developing Economies, 2018 vs 2026
1.5.2. Global Specialty Oilfield Chemicals Market: Regional Life Cycle Analysis
Chapter 2 Market Dynamics
2.1. Market Overview
2.2. Market Drivers
2.2.1. Growing demand for EOR application
2.2.2. Rising demand for energy production
2.3. Market Restraints
2.3.1. Fluctuations in crude oil prices
2.4. Market Opportunities
2.4.1. Technological advancements in environmental-friendly products and solutions
2.5. Industry Value Chain Analysis
2.6. Pricing Analysis
2.7. Porter’s Five Forces Analysis
Chapter 3 Global Specialty Oilfield Chemicals Market, by Type
3.1. Market Overview, by Type
3.1.1. Global Specialty Oilfield Chemicals Market, by Type, 2016-2026 (USD Million)
3.1.2. Incremental Opportunity, by Type, 2018
3.2. Demulsifiers
3.2.1. Global Specialty Oilfield Chemicals Market, by Demulsifiers, 2016-2026, (USD Million)
3.3. Inhibitors & Scavengers
3.3.1. Global Specialty Oilfield Chemicals Market, by Inhibitors & Scavengers, 2016-2026, (USD Million)
3.4. Rheology Modifiers
3.4.1. Global Specialty Oilfield Chemicals Market, by Rheology Modifiers, 2016-2026, (USD Million)
3.5. Others
3.5.1. Global Specialty Oilfield Chemicals Market, by Others, 2016-2026, (USD Million)
Chapter 4 Global Specialty Oilfield Chemicals Market, by Application
4.1. Market Overview, by Application
4.1.1. Global Specialty Oilfield Chemicals Market, by Application, 2016-2026 (USD Million)
4.1.2. Incremental Opportunity, by Application, 2018
4.2. Drilling Fluids
4.2.1. Global Specialty Oilfield Chemicals Market, by Drilling Fluids, 2016-2026, (USD Million)
4.3. Cementing
4.3.1. Global Specialty Oilfield Chemicals Market, by Cementing, 2016-2026, (USD Million)
4.4. Well Stimulation
4.4.1. Global Specialty Oilfield Chemicals Market, by Well Stimulation, 2016-2026, (USD Million)
4.5. Enhanced Oil Recovery (EOR)
4.5.1. Global Specialty Oilfield Chemicals Market, by Enhanced Oil Recovery (EOR), 2016-2026, (USD Million)
4.6. Production
4.6.1. Global Specialty Oilfield Chemicals Market, by Production, 2016-2026, (USD Million)
4.7. Others
4.7.1. Global Specialty Oilfield Chemicals Market, by Others, 2016-2026, (USD Million)
Chapter 5 Global Specialty Oilfield Chemicals Market, by Region
5.1. Market Overview, by Region
5.1.1. Global Specialty Oilfield Chemicals Market, by Region, 2016-2026, (USD Million)
5.2. Attractive Investment Opportunity, by Region, 2018
5.3. North America Specialty Oilfield Chemicals Market
5.3.1. North America Specialty Oilfield Chemicals Market, by Type, 2016-2026 (USD Million)
5.3.2. North America Specialty Oilfield Chemicals Market, by Application, 2016-2026 (USD Million)
5.3.3. United States Specialty Oilfield Chemicals Market, 2016-2026 (USD Million)
5.3.4. Canada Specialty Oilfield Chemicals Market, 2016-2026 (USD Million)
5.4. Europe Specialty Oilfield Chemicals Market
5.4.1. Europe Specialty Oilfield Chemicals Market, by Type, 2016-2026 (USD Million)
5.4.2. Europe Specialty Oilfield Chemicals Market, by Application, 2016-2026 (USD Million)
5.4.3. United Kingdom Specialty Oilfield Chemicals Market, 2016-2026 (USD Million)
5.4.4. Germany Specialty Oilfield Chemicals Market, 2016-2026 (USD Million)
5.4.5. France Specialty Oilfield Chemicals Market, 2016-2026 (USD Million)
5.4.6. Rest of Europe Specialty Oilfield Chemicals Market, 2016-2026 (USD Million)
5.5. Asia Pacific Specialty Oilfield Chemicals Market
5.5.1. Asia Pacific Specialty Oilfield Chemicals Market, by Type, 2016-2026 (USD Million)
5.5.2. Asia Pacific Specialty Oilfield Chemicals Market, by Application, 2016-2026 (USD Million)
5.5.3. China Specialty Oilfield Chemicals Market, 2016-2026 (USD Million)
5.5.4. Japan Specialty Oilfield Chemicals Market, 2016-2026 (USD Million)
5.5.5. India Specialty Oilfield Chemicals Market, 2016-2026 (USD Million)
5.5.6. Rest of Asia Pacific Specialty Oilfield Chemicals Market, 2016-2026 (USD Million)
5.6. Latin America Specialty Oilfield Chemicals Market
5.6.1. Latin America Specialty Oilfield Chemicals Market, by Type, 2016-2026 (USD Million)
5.6.2. Latin America Specialty Oilfield Chemicals Market, by Application, 2016-2026 (USD Million)
5.6.3. Brazil Specialty Oilfield Chemicals Market, 2016-2026 (USD Million)
5.6.4. Mexico Specialty Oilfield Chemicals Market, 2016-2026 (USD Million)
5.6.5. Rest of Latin America Specialty Oilfield Chemicals Market, 2016-2026 (USD Million)
5.7. Middle East & Africa Specialty Oilfield Chemicals Market
5.7.1. Middle East & Africa Specialty Oilfield Chemicals Market, by Type, 2016-2026 (USD Million)
5.7.2. Middle East & Africa Specialty Oilfield Chemicals Market, by Application, 2016-2026 (USD Million)
5.7.3. GCC Specialty Oilfield Chemicals Market, 2016-2026 (USD Million)
5.7.4. Rest of Middle East & Africa Specialty Oilfield Chemicals Market, 2016-2026 (USD Million)
Chapter 6 Competitive Intelligence
6.1. Top 5 Players Comparison
6.2. Market Positioning of Key Players, 2018
6.3. Market Players Mapping
6.3.1. By Type
6.3.2. By Application
6.3.3. By Region
6.4. Strategies Adopted by Key Market Players
6.5. Recent Developments in the Market
6.5.1. Mergers & Acquisitions, Partnership, New Type Developments
Chapter 7 Company Profiles
7.1. BASF SE
7.1.1. BASF SE Overview
7.1.2. BASF SE Types Portfolio
7.1.3. BASF SE Financial Overview
7.1.4. BASF SE News/Recent Developments
7.2. Solvay S.A.
7.2.1. Solvay S.A. Overview
7.2.2. Solvay S.A. Types Portfolio
7.2.3. Solvay S.A. Financial Overview
7.2.4. Solvay S.A. News/Recent Developments
7.3. The Dow Chemical Company
7.3.1. The Dow Chemical Company Overview
7.3.2. The Dow Chemical Company Types Portfolio
7.3.3. The Dow Chemical Company Financial Overview
7.3.4. The Dow Chemical Company News/Recent Developments
7.4. Schlumberger Ltd.
7.4.1. Schlumberger Ltd. Overview
7.4.2. Schlumberger Ltd. Types Portfolio
7.4.3. Schlumberger Ltd. Financial Overview
7.4.4. Schlumberger Ltd. News/Recent Developments
7.5. The Lubrizol Corporation
7.5.1. The Lubrizol Corporation Overview
7.5.2. The Lubrizol Corporation Types Portfolio
7.5.3. The Lubrizol Corporation Financial Overview
7.5.4. The Lubrizol Corporation News/Recent Developments
7.6. AkzoNobel N.V.
7.6.1. AkzoNobel N.V. Overview
7.6.2. AkzoNobel N.V. Types Portfolio
7.6.3. AkzoNobel N.V. Financial Overview
7.6.4. AkzoNobel N.V. News/Recent Developments
7.7. Clariant AG
7.7.1. Clariant AG Overview
7.7.2. Clariant AG Types Portfolio
7.7.3. Clariant AG Financial Overview
7.7.4. Clariant AG News/Recent Developments
7.8. Baker Hughes Inc.
7.8.1. Baker Hughes Inc. Overview
7.8.2. Baker Hughes Inc. Types Portfolio
7.8.3. Baker Hughes Inc. Financial Overview
7.8.4. Baker Hughes Inc. News/Recent Developments
7.9. Halliburton Energy Services, Inc.
7.9.1. Halliburton Energy Services, Inc. Overview
7.9.2. Halliburton Energy Services, Inc. Types Portfolio
7.9.3. Halliburton Energy Services, Inc. Financial Overview
7.9.4. Halliburton Energy Services, Inc. News/Recent Developments
7.10. Kemira OYJ
7.10.1. Kemira OYJ Overview
7.10.2. Kemira OYJ Types Portfolio
7.10.3. Kemira OYJ Financial Overview
7.10.4. Kemira OYJ News/Recent Developments
Chapter 8 Preface
8.1. Data Triangulation
8.2. Research Methodology
8.2.1. Phase I – Secondary Research
8.2.2. Phase II – Primary Research
8.2.3. Phase III – Expert Panel Review
8.2.4. Approach Adopted
8.2.4.1. Top-Down Approach
8.2.4.2. Bottom-Up Approach
8.2.5. Supply- Demand side
8.2.6. Breakup of the Primary Profiles
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