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Oilfield Chemical

PUBLISHER: Grand View Research | PRODUCT CODE: 1405871

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PUBLISHER: Grand View Research | PRODUCT CODE: 1405871

Specialty Oilfield Chemicals Market Size, Share & Trends Analysis Report By Product, By Application, By Region, And Segment Forecasts, 2024 - 2030

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Description

Table of Contents

List of Tables

Specialty Oilfield Chemicals Market Growth & Trends:

The global specialty oilfield chemicals market is expected to reach USD 13.40 billion by 2030, registering a CAGR of 4.4% from 2024 to 2030, according to a new study by Grand View Research, Inc. This growth is attributed to the technological advancement in the oilfield industry. It involves the exploration, extraction, production, and refining of crude oil and natural gas resources.

The upstream sector of the oilfield industry focuses on exploration and production activities. This involves the identification and assessment of potential oil and gas reserves, drilling of wells, and extraction of hydrocarbons from underground reservoirs. Upstream operations are often carried out in remote and challenging environments, such as deserts, deep-sea areas, or arctic regions with extremely low or high temperatures thus, generating the need for specialty oilfield chemicals.

For example, high-temperature drilling fluids are designed to remain effective and stable in geothermal or high-temperature reservoirs. Acidizing chemicals help enhance well productivity by eliminating any barriers in the formation and stimulating production. Cement additives are specifically formulated to improve the characteristics of cement used in well construction, ensuring proper isolation between different zones and maintaining overall well integrity.

Moreover, technological advancements play a significant role in shaping the market. The integration of automation technologies with specialty oilfield chemicals has enhanced operational efficiency and improved overall performance. For example, the use of advanced sensors and data analytics allows for real-time monitoring and optimization of chemical usage, leading to cost savings and improved productivity.

However, rising awareness among consumers regarding the harmful environmental impact of specialty oilfield chemicals is forcing manufacturing companies to develop advanced processes that reduce the damages caused by the discharge of by products during their production and usage. Several guidelines need to be followed for the proper disposal of the product. Thus, meeting the stringent laws levied by both regional and local governments across regions without burdening the consumer with higher prices can be a difficult challenge. Although these restraints have opened up new avenues toward the development of sustainable products.

Specialty Oilfield Chemicals Market Report Highlights:

  • The market is anticipated to witness growth with a CAGR of 4.4% from 2024 to 2030. This is attributed to the growing demand for oil & gas extraction processes.They are used in various applications to enhance the efficiency, productivity, and safety of operations in the oil and gas industry
  • Biocides in product segment is anticipated to witness the fastest growth with a CAGR of 5.0% over the forecast period. This growth is attributed to the fact that biocides are specifically formulated to regulate and suppress the proliferation of microorganisms within oilfield systems
  • Drilling fluids in application segment is anticipated to witness growth with a CAGR of 4.6% over the forecast period. The growth is attributed to the fact that they serve multiple purposes, including cooling the drill bit, carrying cuttings to the surface, and maintaining wellbore stability. These chemicals offer a range of benefits, from enhancing lubrication to controlling viscosity and filtration properties
  • Asia Pacific region is anticipated to witness the fastest growth with a CAGR of 5.1% over the forecast period. This growth is attributed to the growing demand for crude oil and petroleum, coupled with significant investments in the energy sector
  • According to the IEA China, the world's second-largest oil consumer, is expected to contribute significantly to global growth in 2023, accounting for nearly 60% of global growth in 2023. To meet the rising demand for oil and gas, state-controlled offshore oil and gas company CNOOC Ltd. in China has set an ambitious production target for 2023. They aim to produce a record-breaking 650 to 660 million barrels of oil per day, which represents an approximately 8% increase from previous targets. Thus, driving the product demand in the region
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Product Code: GVR-4-68040-169-0

Table of Contents

Chapter 1 Methodology and Scope

  • 1.1 Market Segmentation & Scope
  • 1.2 Market Definition
  • 1.3 Information Procurement
    • 1.3.1 Purchased Database
    • 1.3.2 GVR's Internal Database
  • 1.4 Information analysis
  • 1.5 Market formulation & data visualization
  • 1.6 Data validation & publishing
    • 1.6.1 Research scope and assumptions
    • 1.6.2 List to Data Sources

Chapter 2 Executive Summary

  • 2.1 Market Snapshot
  • 2.2 Segment Snapshot
  • 2.3 Competitive Landscape Snapshot

Chapter 3 Specialty Oilfield Chemicals: Market Variables, Trends & Scope

  • 3.1 Market Lineage Outlook
    • 3.1.1 Global Oilfield Chemicals Market Outlook
  • 3.2 Industry Value Chain Analysis
  • 3.3 Regulatory Framework
    • 3.3.1 United States (U.S.) Environmental Protection Agency (US EPA)
    • 3.3.2 American Geosciences Institute (AGI)
    • 3.3.3 Occupational Safety and Health Administration (OSHA)
    • 3.3.4 Oil and Gas Occupational Safety and Health Regulations - Canada Labor Code
  • 3.4 Market Dynamics
    • 3.4.1 Market Driver Analysis
      • 3.4.1.1 Technological Advancement in Oilfield Industry
    • 3.4.2 Market Restraint Analysis
      • 3.4.2.1 Stringent Regulations
    • 3.4.3 Industry Opportunities Analysis
  • 3.5 Industry Analysis Tools
    • 3.5.1 PORTER's Analysis
    • 3.5.2 Macroeconomic Analysis - PESTLE Analysis

Chapter 4 Specialty Oilfield Chemicals Market: Product Estimates & Trend Analysis

  • 4.1 Product Movement Analysis & Market Share, 2023 & 2030
    • 4.1.1 Inhibitors
    • 4.1.2 Friction Reducers
    • 4.1.3 Surfactants
    • 4.1.4 Biocides
    • 4.1.5 Demulsifiers
    • 4.1.6 Other Products

Chapter 5 Specialty Oilfield Chemicals Market: Application Estimates & Trend Analysis

  • 5.1 Application Movement Analysis & Market Share, 2023 & 2030
    • 5.1.1 Production
    • 5.1.2 Drilling Fluids
    • 5.1.3 Oil Recovery
    • 5.1.4 Cementing
    • 5.1.5 Other Applications

Chapter 6 Specialty Oilfield Chemicals Market: Regional Estimates & Trend Analysis

  • 6.1 Specialty Oilfield Chemicals Market: Regional Outlook
  • 6.2 North America
    • 6.2.1 North America Specialty Oilfield Chemicals Market Estimates & Forecasts, 2018 - 2030 (USD Million)
    • 6.2.2 U.S.
      • 6.2.2.1 Key country dynamics
      • 6.2.2.2 U.S. Specialty Oilfield Chemicals Market Estimates & Forecasts, 2018 - 2030 (USD Million)
    • 6.2.3 Canada
      • 6.2.3.1 Key country dynamics
      • 6.2.3.2 Canada Specialty Oilfield Chemicals Market Estimates & Forecasts, 2018 - 2030 (USD Million)
    • 6.2.4 Mexico
      • 6.2.4.1 Key country dynamics
      • 6.2.4.2 Mexico Specialty Oilfield Chemicals Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  • 6.3 Europe
    • 6.3.1 Europe Specialty Oilfield Chemicals Market Estimates & Forecasts, 2018 - 2030 (USD Million)
    • 6.3.2 UK
      • 6.3.2.1 Key country dynamics
      • 6.3.2.2 UK Specialty Oilfield Chemicals Market Estimates & Forecasts, 2018 - 2030 (USD Million)
    • 6.3.3 Russia
      • 6.3.3.1 Key country dynamics
      • 6.3.3.2 Russia Specialty Oilfield Chemicals Market Estimates & Forecasts, 2018 - 2030 (USD Million)
    • 6.3.4 Norway
      • 6.3.4.1 Key country dynamics
      • 6.3.4.2 Norway Specialty Oilfield Chemicals Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  • 6.4 Asia Pacific
    • 6.4.1 Asia Pacific Specialty Oilfield Chemicals Market Estimates & Forecasts, 2018 - 2030 (USD Million)
    • 6.4.2 China
      • 6.4.2.1 Key country dynamics
      • 6.4.2.2 China Specialty Oilfield Chemicals Market Estimates & Forecasts, 2018 - 2030 (USD Million)
    • 6.4.3 India
      • 6.4.3.1 Key country dynamics
      • 6.4.3.2 India Specialty Oilfield Chemicals Market Estimates & Forecasts, 2018 - 2030 (USD Million)
    • 6.4.4 Indonesia
      • 6.4.4.1 Key country dynamics
      • 6.4.4.2 Indonesia Specialty Oilfield Chemicals Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  • 6.5 Central & South America
    • 6.5.1 Central & South America Specialty Oilfield Chemicals Market Estimates & Forecasts, 2018 - 2030 (USD Million)
    • 6.5.2 Brazil
      • 6.5.2.1 Key country dynamics
      • 6.5.2.2 Brazil Specialty Oilfield Chemicals Market Estimates & Forecasts, 2018 - 2030 (USD Million)
    • 6.5.3 Argentina
      • 6.5.3.1 Key country dynamics
      • 6.5.3.2 Argentina Specialty Oilfield Chemicals Market Estimates & Forecasts, 2018 - 2030 (USD Million)
    • 6.5.4 Venezuela
      • 6.5.4.1 Key country dynamics
      • 6.5.4.2 Venezuela Specialty Oilfield Chemicals Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  • 6.6 Middle East & Africa
    • 6.6.1 Middle East & Africa Specialty Oilfield Chemicals Market Estimates & Forecasts, 2018 - 2030 (USD Million)
    • 6.6.2 Saudi Arabia
      • 6.6.2.1 Key country dynamics
      • 6.6.2.2 Saudi Arabia Specialty Oilfield Chemicals Market Estimates & Forecasts, 2018 - 2030 (USD Million)
    • 6.6.3 UAE
      • 6.6.3.1 Key country dynamics
      • 6.6.3.2 UAE Specialty Oilfield Chemicals Market Estimates & Forecasts, 2018 - 2030 (USD Million)
    • 6.6.4 Algeria
      • 6.6.4.1 Key country dynamics
      • 6.6.4.2 Algeria Specialty Oilfield Chemicals Market Estimates & Forecasts, 2018 - 2030 (USD Million)
    • 6.6.5 Nigeria
      • 6.6.5.1 Key country dynamics
      • 6.6.5.2 Nigeria Specialty Oilfield Chemicals Market Estimates & Forecasts, 2018 - 2030 (USD Million)

Chapter 7 Competitive Landscape

  • 7.1 Company Ranking Analysis
  • 7.2 Company Market Positioning Analysis, 2023 (%)
  • 7.3 Company Categorization
  • 7.4 Strategy Mapping
    • 7.4.1 Expansions
    • 7.4.2 Partnerships
    • 7.4.3 Mergers & Aquisitions
  • 7.5 Company Listing
    • 7.5.1 Nouryon
      • 7.5.1.1 Business Overview
      • 7.5.1.2 Financial Performance
      • 7.5.1.3 Product Benchmarking
    • 7.5.2 BASF SE
    • 7.5.3 SMC Global
    • 7.5.4 Baker Hughes
    • 7.5.5 Halliburton
    • 7.5.6 The Lubrizol Corporation
    • 7.5.7 Aquapharm Chemical Pvt. Ltd.
    • 7.5.8 Clariant
    • 7.5.9 Solvay S.A.
    • 7.5.10 Thermax Chemical Division
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Product Code: GVR-4-68040-169-0

List of Tables

  • Table 1 U.S. macro-economic outlay
  • Table 2 Canada macro-economic outlay
  • Table 3 Mexico macro-economic outlay
  • Table 4 UK macro-economic outlay
  • Table 5 Russia macro-economic outlay
  • Table 6 Norway macro-economic outlay
  • Table 7 China macro-economic outlay
  • Table 8 India macro-economic outlay
  • Table 9 Indonesia macro-economic outlay
  • Table 10 Brazil macro-economic outlay
  • Table 11 Argentina macro-economic outlay
  • Table 12 Venezuela macro-economic outlay
  • Table 13 Saudi Arabia macro-economic outlay
  • Table 14 UAE macro-economic outlay
  • Table 15 Algeria macro-economic outlay
  • Table 16 Nigeria macro-economic outlay
  • Table 17 Company Ranking Analysis
  • Table 18 Financial Performance
  • Table 19 Product Benchmarking
  • Table 20 Key Companies Undergoing Expansions
  • Table 21 Key Companies Involved in Partnerships
  • Table 22 Key Companies involved in mergers & acquisitions.

List of Figures

  • Fig. 1 Specialty Oilfield Chemicals Market Segmentation & Scope
  • Fig. 2 Information procurement
  • Fig. 3 Data analysis models
  • Fig. 4 Market formulation and validation
  • Fig. 5 Data validation & publishing
  • Fig. 6 Specialty Oilfield Chemicals Market Snapshot
  • Fig. 7 Specialty Oilfield Chemicals Market Segment Snapshot
  • Fig. 8 Specialty Oilfield Chemicals Market Competitive Landscape Snapshot
  • Fig. 9 Global Oilfield Chemicals & Specialty Oilfield Chemicals Market Value, 2023 (USD Billion)
  • Fig. 10 Specialty Oilfield Chemicals Market - Value Chain Analysis
  • Fig. 11 Specialty Oilfield Chemicals Market Dynamics
  • Fig. 12 Share of World Oil Production by Top 10 Oil Producers, 2022 (%)
  • Fig. 13 Specialty Oilfield Chemicals Market: PORTER's Analysis
  • Fig. 14 Specialty Oilfield Chemicals Market: PESTLE Analysis
  • Fig. 15 Specialty Oilfield Chemicals Market Estimates & Forecasts, by Product: Key Takeaways
  • Fig. 16 Specialty Oilfield Chemicals Market Share, By Product, 2023 & 2030
  • Fig. 17 Inhibitors Specialty Oilfield Chemicals Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  • Fig. 18 Friction Reducer Specialty Oilfield Chemicals Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  • Fig. 19 Surfactants Specialty Oilfield Chemicals Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  • Fig. 20 Biocides Specialty Oilfield Chemicals Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  • Fig. 21 Demulsifier Specialty Oilfield Chemicals Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  • Fig. 22 Other Specialty Oilfield Chemicals Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  • Fig. 23 Specialty Oilfield Chemicals Market Estimates & Forecasts, by Application Key Takeaways
  • Fig. 24 Specialty Oilfield Chemicals Market Share, By Application, 2023 & 2030
  • Fig. 25 Specialty Oilfield Chemicals Market Estimates & Forecasts, by Production, 2018 - 2030 (USD Million)
  • Fig. 26 Specialty Oilfield Chemicals Market Estimates & Forecasts, by Drilling Fluids, 2018 - 2030 (USD Million)
  • Fig. 27 Specialty Oilfield Chemicals Market Estimates & Forecasts, by Oil Recovery, 2018 - 2030 (USD Million)
  • Fig. 28 Specialty Oilfield Chemicals Market Estimates & Forecasts, by Cementing, 2018 - 2030 (USD Million)
  • Fig. 29 Specialty Oilfield Chemicals Market Estimates & Forecasts, by Other Applications, 2018 - 2030 (USD Million)
  • Fig. 30 Specialty Oilfield Chemicals Market Revenue, by Region, 2023 & 2030, (USD Billion)
  • Fig. 31 North America Specialty Oilfield Chemicals Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  • Fig. 32 U.S. Specialty Oilfield Chemicals Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  • Fig. 33 Canada Specialty Oilfield Chemicals Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  • Fig. 34 Mexico Specialty Oilfield Chemicals Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  • Fig. 35 Europe Specialty Oilfield Chemicals Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  • Fig. 36 UK Specialty Oilfield Chemicals Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  • Fig. 37 Russia Specialty Oilfield Chemicals Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  • Fig. 38 Norway Specialty Oilfield Chemicals Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  • Fig. 39 Asia Pacific Specialty Oilfield Chemicals Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  • Fig. 40 China Specialty Oilfield Chemicals Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  • Fig. 41 India Specialty Oilfield Chemicals Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  • Fig. 42 Indonesia Specialty Oilfield Chemicals Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  • Fig. 43 Central & South America Specialty Oilfield Chemicals Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  • Fig. 44 Brazil Specialty Oilfield Chemicals Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  • Fig. 45 Argentina Specialty Oilfield Chemicals Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  • Fig. 46 Venezuela Specialty Oilfield Chemicals Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  • Fig. 47 Middle East & Africa Specialty Oilfield Chemicals Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  • Fig. 48 Saudi Arabia Specialty Oilfield Chemicals Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  • Fig. 49 UAE Specialty Oilfield Chemicals Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  • Fig. 50 Algeria Specialty Oilfield Chemicals Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  • Fig. 51 Nigeria Specialty Oilfield Chemicals Market Estimates & Forecasts, 2018 - 2030 (USD Million)
  • Fig. 52 Specialty Oilfield Chemicals Market - Company Market Positioning Analysis - 2023
  • Fig. 53 Key Company Categorization
  • Fig. 54 Strategy Mapping
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