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PUBLISHER: Grand View Research | PRODUCT CODE: 1405980
PUBLISHER: Grand View Research | PRODUCT CODE: 1405980
Oilfield Chemicals Market Size, Share & Trends Analysis Report By Product (Rheology Modifiers, Inhibitors), By Application (Production) By Location (Onshore), By Region, And Segment Forecasts, 2024 - 2030
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Oilfield Chemicals Market Growth & Trends:
The global oilfield chemicals market is expected to reach USD 35.46 billion by 2030, according to a new study by Grand View Research, Inc. The market is expected to grow at a CAGR of 3.2% from 2024 to 2030. This growth is attributed to the growing production of crude oil worldwide. Increased crude oil production often leads to higher drilling activities including the drilling of new wells and the maintenance of existing ones. Higher drilling activities result in an increased demand for drilling fluids, cementing additives, and other chemicals used in drilling operations. Moreover, as oilfields mature, techniques such as well stimulation and enhanced oil recovery (EOR) may be employed to extract additional oil from existing reservoirs. These methods/techniques involve the use of oilfield chemicals, including polymers, surfactants, and acids, leading to an increased demand for these chemicals.
In addition, oilfield chemicals, such as retarders, accelerators, fluid loss additives, and dispersants, are incorporated into cement slurries used for wellbore cementing. These additives enhance the properties of the cement, ensuring effective zonal isolation and preventing gas migration between formations. Furthermore, in some mature fields, these chemicals are employed in enhanced oil recovery processes to improve the displacement of oil from reservoirs. This can include the injection of polymers, surfactants, or alkali agents.
Furthermore, as per the ongoing changing trends in the consumption of renewable/eco-friendly chemicals, various manufacturing companies are looking forward to developing and launching environmentally friendly chemicals that can be used in oilfield applications. For example, Nouryon has an extensive product portfolio of environmentally friendly and sustainable oilfield chemicals under multiple brand names, such as Armoclean 6000, Armohib CI, and StimWell HTFWitbreak NEO. These chemicals have been accepted by various regulatory agencies like CEFAS, WGK, and REACH. Another company named NuGenTec offers environmentally friendly and tailored chemical solutions to augment oil & gas production, clean out and recover oil from sludge in tanks, clean up and recover oil from spills, remove scale and prevent scale, reinstate flow efficiency to pipelines, and improve the overall efficiencies in the oilfield.
Oilfield Chemicals Market Report Highlights:
- The product market is anticipated to witness growth with a CAGR of 3.2% from 2024 to 2030. This is attributed to the advancement in the production of oil & gas.The increasing complexity of oil and gas extraction processes has led to a greater need for specialized chemicals to optimize production and ensure operational efficiency. Oilfield chemicals play a crucial role in enhancing the performance of drilling, production, and transportation activities, thereby contributing to the overall success of oil and gas operations
- Biocides in product segment is anticipated to witness the fastest growth with a CAGR of 4.1% over the forecast period. This growth is attributed to the fact that biocides are used in offshore oil exploration projects to maximize production by protecting the equipment used for oil extraction by preventing corrosion and microbial-induced biofilm on metal surfaces
- Production in application segment is anticipated to witness growth with a CAGR of 3.3% over the forecast period. The growth is attributed to the fact that the usage of oilfield chemicals in production processes allows higher yields for the oil & gas industry
- Offshore in location segment is anticipated to witness the fastest growth with a CAGR of 3.7% over the forecast period. This is attributed to the large offshore exploration projects in Brazil, Guyana, and the Middle East along with an expansion in production capacity in African nations such as Tanzania and Namibia
- Asia Pacific region is anticipated to witness the fastest growth with a CAGR of 3.9% over the forecast period. This growth is attributed to the growing energy demand in Asia Pacific which is driven by ongoing industrialization and urbanization and has contributed to increased oil exploration activities in the region
- Indonesia is a major end user of oilfield chemicals in Southeast Asia owing to the presence of large-scale oilfields in Sumatra, Java, and Kalimantan regions. The country remains a net importer of oil products and the Government of Indonesia is taking steps to increase the local oil production to decrease its import volumes. For instance, in January 2023, the government of the country announced plans to auction 10 more oil-working areas in Indonesia throughout 2023, after auctioning 13 oilfields in 2022. The move is part of the plan of the country to reach a crude oil-lifting capacity of 1 million barrels per day by 2030
Product Code: GVR-1-68038-683-7
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 Oilfield Chemicals: Market Variables, Trends & Scope
- 3.1 Market Lineage Outlook
- 3.1.1 Global 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)
- 3.3.3.1 Frequently Cited Standards
- 3.3.3.2 Health Hazards Associated with Oil and Gas Extraction Activities
- 3.3.4 California Code of Regulations
- 3.3.5 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 Increasing Crude Oil Production
- 3.4.2 Market Restraint Analysis
- 3.4.2.1 Shift toward renewable energy
- 3.4.3 Industry Opportunities Analysis
- 3.4.3.1 Emergence of EnvironmenT Friendly Oilfield Chemicals
- 3.4.1 Market Driver Analysis
- 3.5 Industry Analysis Tools
- 3.5.1 PORTER's Analysis
- 3.5.2 Macroeconomic Analysis- PESTLE Analysis
Chapter 4 Oilfield Chemicals Market: Product Estimates & Trend Analysis
- 4.1 Product Movement Analysis & Market Share, 2023 & 2030
- 4.1.1 Inhibitors
- 4.1.2 Demulsifiers
- 4.1.3 Rheology Modifiers
- 4.1.4 Friction Reducers
- 4.1.5 Biocides
- 4.1.6 Surfactants
- 4.1.7 Foamers
- 4.1.8 Other Products
Chapter 5 Oilfield Chemicals Market: Application Estimates & Trend Analysis
- 5.1 Application Movement Analysis & Market Share, 2023 & 2030
- 5.1.1 Drilling
- 5.1.2 Production
- 5.1.3 Cementing
- 5.1.4 Workover & Completion
Chapter 6 Oilfield Chemicals Market: Location Estimates & Trend Analysis
- 6.1 Location Movement Analysis & Market Share, 2023 & 2030
- 6.1.1 Onshore
- 6.1.2 Offshore
Chapter 7 Oilfield Chemicals Market: Regional Estimates & Trend Analysis
- 7.1 Oilfield Chemicals Market: Regional Outlook
- 7.2 North America
- 7.2.1 North america Oilfield Chemicals Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.2.2 U.S.
- 7.2.2.1 Key country dynamics
- 7.2.2.2 U.S. Oilfield Chemicals Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.2.3 Canada
- 7.2.3.1 Key country dynamics
- 7.2.3.2 Canada Oilfield Chemicals Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.2.4 Mexico
- 7.2.4.1 Key country dynamics
- 7.2.4.2 Mexico Oilfield Chemicals Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.3 Europe
- 7.3.1 Europe Oilfield Chemicals Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.3.2 UK
- 7.3.2.1 Key country dynamics
- 7.3.2.2 UK Oilfield Chemicals Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.3.3 Russia
- 7.3.3.1 Key country dynamics
- 7.3.3.2 Russia Oilfield Chemicals Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.3.4 Norway
- 7.3.4.1 Key country dynamics
- 7.3.4.2 Norway Oilfield Chemicals Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.4 Asia Pacific
- 7.4.1 Asia Pacific Oilfield Chemicals Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.4.2 China
- 7.4.2.1 Key country dynamics
- 7.4.2.2 China Oilfield Chemicals Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.4.3 India
- 7.4.3.1 Key country dynamics
- 7.4.3.2 India Oilfield Chemicals Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.4.4 Indonesia
- 7.4.4.1 Key country dynamics
- 7.4.4.2 Indonesia Oilfield Chemicals Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.5 Central & South America
- 7.5.1 Oilfield Chemicals Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.5.2 Brazil
- 7.5.2.1 Key country dynamics
- 7.5.2.2 Brazil Oilfield Chemicals Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.5.3 Argentina
- 7.5.3.1 Key country dynamics
- 7.5.3.2 Argentina Oilfield Chemicals Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.5.4 Venezuela
- 7.5.4.1 Key country dynamics
- 7.5.4.2 Venezuela Oilfield Chemicals Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.6 Middle East & Africa
- 7.6.1 Middle East & Africa Oilfield Chemicals Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.6.2 Saudi Arabia
- 7.6.2.1 Key country dynamics
- 7.6.2.2 Saudi Arabia Oilfield Chemicals Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.6.3 UAE
- 7.6.3.1 Key country dynamics
- 7.6.3.2 UAE Oilfield Chemicals Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.6.4 Algeria
- 7.6.4.1 Key country dynamics
- 7.6.4.2 Algeria Oilfield Chemicals Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.6.5 Nigeria
- 7.6.5.1 Key country dynamics
- 7.6.5.2 Nigeria Oilfield Chemicals Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Chapter 8 Competitive Landscape
- 8.1 Company Ranking Analysis
- 8.2 Company Market Positioning Analysis 2023
- 8.3 Company Categorization
- 8.4 Strategy Mapping
- 8.4.1 Expansions
- 8.4.2 Partnerships
- 8.4.3 Mergers & Aquisitions
- 8.5 Company Listing (Company Overview, Product Benchmarking, Financial Performance)
- 8.5.1 Nouryon
- 8.5.2 BASF SE
- 8.5.3 SMC Global
- 8.5.4 Baker Hughes
- 8.5.5 Halliburton
- 8.5.6 The Lubrizol Corporation
- 8.5.7 Aquapharm Chemical Pvt. Ltd.
- 8.5.8 Clariant
- 8.5.9 Solvay S.A.
- 8.5.10 Thermax Chemical Division
Product Code: GVR-1-68038-683-7
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 Oilfield Chemicals Market Segmentation & Scope
- Fig. 2 Information procurement
- Fig. 3 Data analysis models
- Fig. 4 Market formulation and validation
- Fig. 5 Data validating & publishing
- Fig. 6 Oilfield Chemicals Market Snapshot
- Fig. 7 Oilfield Chemicals Market Segment Snapshot
- Fig. 8 Oilfield Chemicals Market Segment Snapshot
- Fig. 9 Oilfield Chemicals Market Competitive Landscape Snapshot
- Fig. 10 Global Chemicals & Oilfield Chemicals Market Value, 2022 (USD Billion)
- Fig. 11 Oilfield Chemicals Market - Value Chain Analysis
- Fig. 12 Oilfield Chemicals Market Dynamics
- Fig. 13 Global Crude Oil Production, 2012 - 2022 (Mt)
- Fig. 14 Oilfield Chemicals Market: PORTER's Analysis
- Fig. 15 Oilfield Chemicals Market: PESTLE Analysis
- Fig. 16 Oilfield Chemicals Market Estimates & Forecasts, by Product Key Takeaways
- Fig. 17 Oilfield Chemicals Market Share, By Product, 2023 & 2030
- Fig. 18 Oilfield Inhibitors Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 19 Oilfield Demulsifiers Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 20 Oilfield Rheology Modifiers Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 21 Oilfield Friction Reducers Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 22 Oilfield Biocides Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 23 Oilfield Surfactants Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 24 Oilfield Foamers Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 25 Other Oilfield Products Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 26 Oilfield Chemicals Market Estimates & Forecasts, by Application: Key Takeaways
- Fig. 27 Oilfield Chemicals Market Share, By Application, 2023 & 2030
- Fig. 28 Oilfield Chemicals Market Estimates & Forecasts, in Drilling, 2018 - 2030 (USD Million)
- Fig. 29 Oilfield Chemicals Market Estimates & Forecasts, in Production, 2018 - 2030 (USD Million)
- Fig. 30 Oilfield Chemicals Market Estimates & Forecasts, in Cementing, 2018 - 2030 (USD Million)
- Fig. 31 Oilfield Chemicals Market Estimates & Forecasts, in Workover & Completion, 2018 - 2030 (USD Million)
- Fig. 32 Oilfield Chemicals Market Estimates & Forecasts, by Location: Key Takeaways
- Fig. 33 Oilfield Chemicals Market Share, By Location, 2023 & 2030
- Fig. 34 Onshore Oilfield Chemicals Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 35 Offshore Oilfield Chemicals Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 36 Oilfield Chemicals Market Revenue, by Region, 2023 & 2030 (USD Million)
- Fig. 37 North America Oilfield Chemicals Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 38 U.S. Oilfield Chemicals Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 39 Canada Oilfield Chemicals Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 40 Mexico Oilfield Chemicals Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 41 Europe Oilfield Chemicals Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 42 UK Oilfield Chemicals Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 43 Russia Oilfield Chemicals Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 44 Norway Oilfield Chemicals Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 45 Asia Pacific Oilfield Chemicals Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 46 China Oilfield Chemicals Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 47 India Oilfield Chemicals Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 48 Indonesia Oilfield Chemicals Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 49 Central & South America Oilfield Chemicals Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 50 Brazil Oilfield Chemicals Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 51 Argentina Oilfield Chemicals Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 52 Venezuela Oilfield Chemicals Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 53 Middle East & Africa Oilfield Chemicals Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 54 Saudi Arabia Oilfield Chemicals Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 55 UAE Oilfield Chemicals Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 56 Algeria Oilfield Chemicals Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 57 Nigeria Oilfield Chemicals Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- Fig. 58 Oilfield Chemicals Market - Company Market Positioning Analysis - 2023
- Fig. 59 Key Company Categorization
- Fig. 60 Strategy Mapping
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