Global Specialty Oilfield Chemicals Market Size study & Forecast, by Product by Application and Regional Analysis, 2023-2030

Description

List of Tables

Global Specialty Oilfield Chemicals Market is valued approximately at USD 9.62 billion in 2022 and is anticipated to grow with a growth rate of more than 4.4% over the forecast period 2023-2030. Specialty oilfield chemicals are a specialized category of chemicals that play a crucial role in various processes within the oil and gas industry. These chemicals are designed to address specific challenges and enhance the efficiency of oilfield operations. These chemicals serve a range of purposes, including drilling fluids that aid in the drilling process by lubricating and cooling the drill bit, preventing corrosion, and controlling the viscosity of the drilling mud. Additionally, specialty chemicals are employed in enhanced oil recovery (EOR) methods, which aim to maximize the extraction of oil from reservoirs by altering the physical and chemical properties of the reservoir fluids. The Specialty Oilfield Chemicals market is expanding because of factors such as increasing crude oil production growing demand from the enhanced oil recovery application and rising adoption of automation in the oil & gas production techniques.

The OPEC 2021 World Oil Outlook 2045 report predicts that between 2021 and 2045, upstream investments will amount to roughly US$1.5 trillion. About US$ 450 billion of this is allocated for investments in new refinery projects and the expansion of current facilities, primarily in developing nations. According to the International Energy Agency, total oil demand across the globe was 91 million barrels per day in 2020, climbed to 99.4 million barrels per day in 2022, and is expected to reach 104.1 million barrels per day by 2026. Thus, increasing demand, and consumption of oil across the globe is catering the market growth. Additionally, as per the U.S. Energy Information Administration, it is projected that crude oil production in the United States will constitute 12.90 million barrels per day in 2023 and is expected to increase to 13.15 million barrels per day in 2024. In addition, the rise in deep drilling and ultra-deep drilling activities and rising research and development for advancement in oilfield chemicals is creating new opportunities to the market growth. However, stringent government regulation and fluctuations in oil prices stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Specialty Oilfield Chemicals Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 with largest market share owing to expansion in oil and gas production due to advancements in drilling technologies, specifically hydraulic fracturing (fracking) and horizontal drilling. These innovations have empowered the extraction of oil and gas from unconventional sources, such as shale formations, resulting in a substantial uptick in production. Consequently, there has been a heightened demand for specialty oilfield chemicals to facilitate and enhance the extraction, production, and refining processes within the oil and gas industry. Europe is expected to grow at a fastest CAGR during the forecast period. Europe has been experiencing high oil production activity, particularly in countries like Norway and the North Sea region. Norway, as one of Europe's largest oil producers, has been investing in advanced technologies and techniques to maximize oil recovery from mature fields. This includes the use of specialty chemicals to improve reservoir sweep efficiency, enhance oil recovery rates, and mitigate production challenges such as formation damage and scaling. Thus, the demand for these chemicals has consequently increased to support the ongoing oil production activities in the region.

Major market player included in this report are:

BASF SE
Baker Hughes
GE company LLC
Croda International Plc
Schlumberger Limited
Huntsman International LLC
ELEMENTIS PLC
Evonik Industries AG
CPS Performance Materials
Roemex Limited,

Recent Developments in the Market:

In October 2023, The Lubrizol Corporation has unveiled a new distribution partnership with IMCD Group, a leading global distributor and developer of specialty chemicals and ingredients. This strategic collaboration is designed to assist Lubrizol in addressing the expanding needs of the specialty and related chemicals market in Bangladesh, reaffirming the company's dedication to the region.

Global Specialty Oilfield Chemicals Market Report Scope:

Historical Data - 2020 - 2021
Base Year for Estimation - 2022
Forecast period - 2023-2030
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered - Product, Application, Region
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope - Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product:

Inhibitors
Friction Reducers
Surfactants
Biocides
Demulsifiers
Other Products

By Application:

Production
Drilling fluids
Oil Recovery
Cementing
Other Applications

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Specialty Oilfield Chemicals Market, by region, 2020-2030 (USD Billion)
- 1.2.2. Specialty Oilfield Chemicals Market, by Products, 2020-2030 (USD Billion)
- 1.2.3. Specialty Oilfield Chemicals Market, by Application, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

Chapter 2. Global Specialty Oilfield Chemicals Market Definition and Scope

2.1. Objective of the Study
2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

Chapter 3. Global Specialty Oilfield Chemicals Market Dynamics

3.1. Specialty Oilfield Chemicals Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
  - 3.1.1.1. Increasing crude oil production
  - 3.1.1.2. Growing demand from the enhanced oil recovery application
  - 3.1.1.3. Rising adoption of automation in the oil & gas production techniques
- 3.1.2. Market Challenges
  - 3.1.2.1. Stringent government regulation
  - 3.1.2.2. Fluctuations in Oil Prices
- 3.1.3. Market Opportunities
  - 3.1.3.1. Rise in deep drilling and ultra-deep drilling activities
  - 3.1.3.2. Rising research and development for advancement in oilfield chemicals

Chapter 4. Global Specialty Oilfield Chemicals Market: Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Porter's 5 Force Impact Analysis
4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economic
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

Chapter 5. Global Specialty Oilfield Chemicals Market, by Products

5.1. Market Snapshot
5.2. Global Specialty Oilfield Chemicals Market by Products, Performance - Potential Analysis
5.3. Global Specialty Oilfield Chemicals Market Estimates & Forecasts by Products 2020-2030 (USD Billion)
5.4. Specialty Oilfield Chemicals Market, Sub Segment Analysis
- 5.4.1. Inhibitors
- 5.4.2. Friction Reducers
- 5.4.3. Surfactants
- 5.4.4. Biocides
- 5.4.5. Demulsifiers
- 5.4.6. Other Products

Chapter 6. Global Specialty Oilfield Chemicals Market, by Application

6.1. Market Snapshot
6.2. Global Specialty Oilfield Chemicals Market by Application, Performance - Potential Analysis
6.3. Global Specialty Oilfield Chemicals Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
6.4. Specialty Oilfield Chemicals Market, Sub Segment Analysis
- 6.4.1. Production
- 6.4.2. Drilling fluids
- 6.4.3. Oil Recovery
- 6.4.4. Cementing
- 6.4.5. Other Applications

Chapter 7. Global Specialty Oilfield Chemicals Market, Regional Analysis

7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. Specialty Oilfield Chemicals Market, Regional Market Snapshot
7.4. North America Specialty Oilfield Chemicals Market
- 7.4.1. U.S. Specialty Oilfield Chemicals Market
  - 7.4.1.1. Products breakdown estimates & forecasts, 2020-2030
  - 7.4.1.2. Application breakdown estimates & forecasts, 2020-2030
- 7.4.2. Canada Specialty Oilfield Chemicals Market
7.5. Europe Specialty Oilfield Chemicals Market Snapshot
- 7.5.1. U.K. Specialty Oilfield Chemicals Market
- 7.5.2. Germany Specialty Oilfield Chemicals Market
- 7.5.3. France Specialty Oilfield Chemicals Market
- 7.5.4. Spain Specialty Oilfield Chemicals Market
- 7.5.5. Italy Specialty Oilfield Chemicals Market
- 7.5.6. Rest of Europe Specialty Oilfield Chemicals Market
7.6. Asia-Pacific Specialty Oilfield Chemicals Market Snapshot
- 7.6.1. China Specialty Oilfield Chemicals Market
- 7.6.2. India Specialty Oilfield Chemicals Market
- 7.6.3. Japan Specialty Oilfield Chemicals Market
- 7.6.4. Australia Specialty Oilfield Chemicals Market
- 7.6.5. South Korea Specialty Oilfield Chemicals Market
- 7.6.6. Rest of Asia Pacific Specialty Oilfield Chemicals Market
7.7. Latin America Specialty Oilfield Chemicals Market Snapshot
- 7.7.1. Brazil Specialty Oilfield Chemicals Market
- 7.7.2. Mexico Specialty Oilfield Chemicals Market
7.8. Middle East & Africa Specialty Oilfield Chemicals Market
- 7.8.1. Saudi Arabia Specialty Oilfield Chemicals Market
- 7.8.2. South Africa Specialty Oilfield Chemicals Market
- 7.8.3. Rest of Middle East & Africa Specialty Oilfield Chemicals Market

Chapter 8. Competitive Intelligence

8.1. Key Company SWOT Analysis
- 8.1.1. Company 1
- 8.1.2. Company 2
- 8.1.3. Company 3
8.2. Top Market Strategies
8.3. Company Profiles
- 8.3.1. BASF SE
  - 8.3.1.1. Key Information
  - 8.3.1.2. Overview
  - 8.3.1.3. Financial (Subject to Data Availability)
  - 8.3.1.4. Product Summary
  - 8.3.1.5. Recent Developments
- 8.3.2. Baker Hughes
- 8.3.3. GE company LLC
- 8.3.4. Croda International Plc
- 8.3.5. Schlumberger Limited
- 8.3.6. Huntsman International LLC
- 8.3.7. ELEMENTIS PLC
- 8.3.8. Evonik Industries AG
- 8.3.9. CPS Performance Materials
- 8.3.10. Roemex Limited

Chapter 9. Research Process

9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Specialty Oilfield Chemicals Market, report scope
TABLE 2. Global Specialty Oilfield Chemicals Market estimates & forecasts by region 2020-2030 (USD Billion)
TABLE 3. Global Specialty Oilfield Chemicals Market estimates & forecasts by Products 2020-2030 (USD Billion)
TABLE 4. Global Specialty Oilfield Chemicals Market estimates & forecasts by Application 2020-2030 (USD Billion)
TABLE 5. Global Specialty Oilfield Chemicals Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 6. Global Specialty Oilfield Chemicals Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 7. Global Specialty Oilfield Chemicals Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8. Global Specialty Oilfield Chemicals Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global Specialty Oilfield Chemicals Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Specialty Oilfield Chemicals Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Specialty Oilfield Chemicals Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Specialty Oilfield Chemicals Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Specialty Oilfield Chemicals Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Specialty Oilfield Chemicals Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. U.S. Specialty Oilfield Chemicals Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. U.S. Specialty Oilfield Chemicals Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 17. U.S. Specialty Oilfield Chemicals Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 18. Canada Specialty Oilfield Chemicals Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 19. Canada Specialty Oilfield Chemicals Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 20. Canada Specialty Oilfield Chemicals Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 21. UK Specialty Oilfield Chemicals Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 22. UK Specialty Oilfield Chemicals Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 23. UK Specialty Oilfield Chemicals Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 24. Germany Specialty Oilfield Chemicals Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 25. Germany Specialty Oilfield Chemicals Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 26. Germany Specialty Oilfield Chemicals Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 27. France Specialty Oilfield Chemicals Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 28. France Specialty Oilfield Chemicals Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 29. France Specialty Oilfield Chemicals Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 30. Italy Specialty Oilfield Chemicals Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 31. Italy Specialty Oilfield Chemicals Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 32. Italy Specialty Oilfield Chemicals Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 33. Spain Specialty Oilfield Chemicals Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 34. Spain Specialty Oilfield Chemicals Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 35. Spain Specialty Oilfield Chemicals Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 36. RoE Specialty Oilfield Chemicals Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 37. RoE Specialty Oilfield Chemicals Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 38. RoE Specialty Oilfield Chemicals Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 39. China Specialty Oilfield Chemicals Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 40. China Specialty Oilfield Chemicals Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 41. China Specialty Oilfield Chemicals Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 42. India Specialty Oilfield Chemicals Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 43. India Specialty Oilfield Chemicals Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 44. India Specialty Oilfield Chemicals Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 45. Japan Specialty Oilfield Chemicals Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 46. Japan Specialty Oilfield Chemicals Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 47. Japan Specialty Oilfield Chemicals Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 48. South Korea Specialty Oilfield Chemicals Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 49. South Korea Specialty Oilfield Chemicals Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 50. South Korea Specialty Oilfield Chemicals Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 51. Australia Specialty Oilfield Chemicals Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 52. Australia Specialty Oilfield Chemicals Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 53. Australia Specialty Oilfield Chemicals Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 54. RoAPAC Specialty Oilfield Chemicals Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 55. RoAPAC Specialty Oilfield Chemicals Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 56. RoAPAC Specialty Oilfield Chemicals Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 57. Brazil Specialty Oilfield Chemicals Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 58. Brazil Specialty Oilfield Chemicals Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 59. Brazil Specialty Oilfield Chemicals Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 60. Mexico Specialty Oilfield Chemicals Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 61. Mexico Specialty Oilfield Chemicals Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 62. Mexico Specialty Oilfield Chemicals Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 63. RoLA Specialty Oilfield Chemicals Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 64. RoLA Specialty Oilfield Chemicals Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 65. RoLA Specialty Oilfield Chemicals Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 66. Saudi Arabia Specialty Oilfield Chemicals Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 67. South Africa Specialty Oilfield Chemicals Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 68. RoMEA Specialty Oilfield Chemicals Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 69. List of secondary sources, used in the study of global Specialty Oilfield Chemicals Market
TABLE 70. List of primary sources, used in the study of global Specialty Oilfield Chemicals Market
TABLE 71. Years considered for the study
TABLE 72. Exchange rates considered

List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Specialty Oilfield Chemicals Market, research methodology
FIG 2. Global Specialty Oilfield Chemicals Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Specialty Oilfield Chemicals Market, key trends 2022
FIG 5. Global Specialty Oilfield Chemicals Market, growth prospects 2023-2030
FIG 6. Global Specialty Oilfield Chemicals Market, porters 5 force model
FIG 7. Global Specialty Oilfield Chemicals Market, pest analysis
FIG 8. Global Specialty Oilfield Chemicals Market, value chain analysis
FIG 9. Global Specialty Oilfield Chemicals Market by segment, 2020 & 2030 (USD Billion)
FIG 10. Global Specialty Oilfield Chemicals Market by segment, 2020 & 2030 (USD Billion)
FIG 11. Global Specialty Oilfield Chemicals Market by segment, 2020 & 2030 (USD Billion)
FIG 12. Global Specialty Oilfield Chemicals Market by segment, 2020 & 2030 (USD Billion)
FIG 13. Global Specialty Oilfield Chemicals Market by segment, 2020 & 2030 (USD Billion)
FIG 14. Global Specialty Oilfield Chemicals Market, regional snapshot 2020 & 2030
FIG 15. North America Specialty Oilfield Chemicals Market 2020 & 2030 (USD Billion)
FIG 16. Europe Specialty Oilfield Chemicals Market 2020 & 2030 (USD Billion)
FIG 17. Asia pacific Specialty Oilfield Chemicals Market 2020 & 2030 (USD Billion)
FIG 18. Latin America Specialty Oilfield Chemicals Market 2020 & 2030 (USD Billion)
FIG 19. Middle East & Africa Specialty Oilfield Chemicals Market 2020 & 2030 (USD Billion)