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Oilfield Chemicals Market Report by Product (Inhibitors, Demulsifiers, Rheology Modifiers, Friction Reducers, Biocides, Surfactants, Foamers, and Others), Location (Onshore, Offshore), Application (Drilling Fluid, Production Chemicals, Cementing, Workover and Completion), and Region 2024-2032
Market Report I 2024-07-01 I 143 Pages I IMARC Group
The global oilfield chemicals market size reached US$ 23.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 32.6 Billion by 2032, exhibiting a growth rate (CAGR) of 3.4% during 2024-2032. The growing demand for energy in the residential, commercial, and industrial sectors, rising employment of shale gas for generating electricity, and increasing adoption of drilling fluids for applying hydrostatic pressure represent some of the key factors driving the market.
Oilfield chemicals consists of fibers, suspension, clay control, biocides, polymers, rheology chemicals, surface modifiers, and fillers. These chemicals also comprise surfactants, acids, friction reducers, iron control agents, polymers, retarders, deformers, emulsifiers, and demulsifiers. They are effective in preventing unwanted microbial growth in oil and gas pipelines, which can cause gas sourcing, pipeline clogging, and microbial-induced corrosion of equipment and transportation pipes. Oilfield chemicals function as effective emulsion breakers and are used to separate crude oil, such as petroleum, from water. These chemicals restrict abrasive materials to cause hindrances in the pipelines and reduce friction in metal-to-metal contact and provide lubricity to the drill string in open holes of deviated wells. They are also employed to prevent the formation of insoluble calcium salts when the drilling fluid contacts formation minerals and saline formation water. Furthermore, as oilfield chemicals inhibit undesirable foaming and help in pH control, their demand is increasing around the world.
Oilfield Chemicals Market Trends:
At present, the rising demand for oilfield chemicals for drilling, cementing, and well-stimulation purposes represents one of the primary factors influencing the market positively. Besides this, the increasing utilization of petroleum and petroleum-based fuels to operate vehicles and generate energy is propelling the growth of the market. In addition, the growing demand for energy in the residential, commercial, and industrial sectors to operate various electronic appliances and heavy machinery is offering a favorable market outlook. Apart from this, the rising employment of shale gas for generating electricity and domestic heating and cooking purposes is contributing to the growth of the market. Additionally, the increasing adoption of drilling fluids for applying hydrostatic pressure to maintain the temperature and cleanliness of the drill and prevent formation fluids from entering wells is supporting the market growth. Moreover, the rising usage of various eco-friendly oilfield chemicals with lower exposure toxicity, reduced flammability or flashpoint, enhanced biodegradability, minimized bioaccumulation, and high sustainability in application and production is strengthening the market growth. Furthermore, key market players are manufacturing novel demulsifiers that offer oil producers a more suitable option to separate crude oil from a combination of natural gas and water.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global oilfield chemicals market report, along with forecasts at the global, regional and country levels from 2024-2032. Our report has categorized the market based on product, location, and application.
Product Insights:
Inhibitors
Demulsifiers
Rheology Modifiers
Friction Reducers
Biocides
Surfactants
Foamers
Others
The report has provided a detailed breakup and analysis of the oilfield chemicals market based on the product. This includes inhibitors, demulsifiers, rheology modifiers, friction reducers, biocides, surfactants, foamers, and others.
Location Insights:
Onshore
Offshore
A detailed breakup and analysis of the oilfield chemicals market based on the location has also been provided in the report. This includes onshore and offshore. According to the report, onshore accounted for the largest market share.
Application Insights:
Drilling Fluid
Production Chemicals
Cementing
Workover and Completion
A detailed breakup and analysis of the oilfield chemicals market based on the application has also been provided in the report. This includes drilling fluid, production chemicals, cementing, and workover and completion. According to the report, drilling fluid accounted for the largest market share.
Regional Insights:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (the United Kingdom, Germany, France, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America (the United States and Canada) was the largest market for oilfield chemicals. Some of the factors driving the North America oilfield chemicals market included the growing oil exploration activities, increasing demand for energy, rising availability of sustainable oilfield chemicals, etc.
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global oilfield chemicals market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include Albemarle Corporation, Ashland, Baker Hughes Company, BASF SE, CES Energy Solutions Corp., ChampionX Corporation, Chevron Phillips Chemical Company, Clariant AG, Halliburton, Huntsman International LLC, Kemira Oyj, Stepan Company, The Dow Chemical Company, The Lubrizol Corporation, etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
Key Questions Answered in This Report
1. What was the size of the global oilfield chemicals market in 2023?
2. What is the expected growth rate of the global oilfield chemicals market during 2024-2032?
3. What are the key factors driving the global oilfield chemicals market?
4. What has been the impact of COVID-19 on the global oilfield chemicals market?
5. What is the breakup of the global oilfield chemicals market based on the location?
6. What is the breakup of the global oilfield chemicals market based on the application?
7. What are the key regions in the global oilfield chemicals market?
8. Who are the key players/companies in the global oilfield chemicals market?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Oilfield Chemicals Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Product
6.1 Inhibitors
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Demulsifiers
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Rheology Modifiers
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Friction Reducers
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Biocides
6.5.1 Market Trends
6.5.2 Market Forecast
6.6 Surfactants
6.6.1 Market Trends
6.6.2 Market Forecast
6.7 Foamers
6.7.1 Market Trends
6.7.2 Market Forecast
6.8 Others
6.8.1 Market Trends
6.8.2 Market Forecast
7 Market Breakup by Location
7.1 Onshore
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Offshore
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Application
8.1 Drilling Fluid
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Production Chemicals
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Cementing
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Workover and Completion
8.4.1 Market Trends
8.4.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Albemarle Corporation
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 Financials
14.3.1.4 SWOT Analysis
14.3.2 Ashland
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 Financials
14.3.2.4 SWOT Analysis
14.3.3 Baker Hughes Company
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Financials
14.3.3.4 SWOT Analysis
14.3.4 BASF SE
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 Financials
14.3.4.4 SWOT Analysis
14.3.5 CES Energy Solutions Corp.
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 Financials
14.3.5.4 SWOT Analysis
14.3.6 ChampionX Corporation
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 Financials
14.3.6.4 SWOT Analysis
14.3.7 Chevron Phillips Chemical Company
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.7.3 SWOT Analysis
14.3.8 Clariant AG
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.8.3 Financials
14.3.9 Halliburton
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.9.3 Financials
14.3.9.4 SWOT Analysis
14.3.10 Huntsman International LLC
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.11 Kemira Oyj
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.11.3 Financials
14.3.11.4 SWOT Analysis
14.3.12 Stepan Company
14.3.12.1 Company Overview
14.3.12.2 Product Portfolio
14.3.12.3 Financials
14.3.12.4 SWOT Analysis
14.3.13 The Dow Chemical Company
14.3.13.1 Company Overview
14.3.13.2 Product Portfolio
14.3.14 The Lubrizol Corporation
14.3.14.1 Company Overview
14.3.14.2 Product Portfolio
14.3.14.3 SWOT Analysis
Figure 1: Global: Oilfield Chemicals Market: Major Drivers and Challenges
Figure 2: Global: Oilfield Chemicals Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: Oilfield Chemicals Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 4: Global: Oilfield Chemicals Market: Breakup by Product (in %), 2023
Figure 5: Global: Oilfield Chemicals Market: Breakup by Location (in %), 2023
Figure 6: Global: Oilfield Chemicals Market: Breakup by Application (in %), 2023
Figure 7: Global: Oilfield Chemicals Market: Breakup by Region (in %), 2023
Figure 8: Global: Oilfield Chemicals (Inhibitors) Market: Sales Value (in Million US$), 2018 & 2023
Figure 9: Global: Oilfield Chemicals (Inhibitors) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 10: Global: Oilfield Chemicals (Demulsifiers) Market: Sales Value (in Million US$), 2018 & 2023
Figure 11: Global: Oilfield Chemicals (Demulsifiers) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 12: Global: Oilfield Chemicals (Rheology Modifiers) Market: Sales Value (in Million US$), 2018 & 2023
Figure 13: Global: Oilfield Chemicals (Rheology Modifiers) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 14: Global: Oilfield Chemicals (Friction Reducers) Market: Sales Value (in Million US$), 2018 & 2023
Figure 15: Global: Oilfield Chemicals (Friction Reducers) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 16: Global: Oilfield Chemicals (Biocides) Market: Sales Value (in Million US$), 2018 & 2023
Figure 17: Global: Oilfield Chemicals (Biocides) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 18: Global: Oilfield Chemicals (Surfactants) Market: Sales Value (in Million US$), 2018 & 2023
Figure 19: Global: Oilfield Chemicals (Surfactants) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 20: Global: Oilfield Chemicals (Foamers) Market: Sales Value (in Million US$), 2018 & 2023
Figure 21: Global: Oilfield Chemicals (Foamers) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 22: Global: Oilfield Chemicals (Other Products) Market: Sales Value (in Million US$), 2018 & 2023
Figure 23: Global: Oilfield Chemicals (Other Products) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 24: Global: Oilfield Chemicals (Onshore) Market: Sales Value (in Million US$), 2018 & 2023
Figure 25: Global: Oilfield Chemicals (Onshore) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 26: Global: Oilfield Chemicals (Offshore) Market: Sales Value (in Million US$), 2018 & 2023
Figure 27: Global: Oilfield Chemicals (Offshore) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 28: Global: Oilfield Chemicals (Drilling Fluid) Market: Sales Value (in Million US$), 2018 & 2023
Figure 29: Global: Oilfield Chemicals (Drilling Fluid) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 30: Global: Oilfield Chemicals (Production Chemicals) Market: Sales Value (in Million US$), 2018 & 2023
Figure 31: Global: Oilfield Chemicals (Production Chemicals) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 32: Global: Oilfield Chemicals (Cementing) Market: Sales Value (in Million US$), 2018 & 2023
Figure 33: Global: Oilfield Chemicals (Cementing) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 34: Global: Oilfield Chemicals (Workover and Completion) Market: Sales Value (in Million US$), 2018 & 2023
Figure 35: Global: Oilfield Chemicals (Workover and Completion) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 36: North America: Oilfield Chemicals Market: Sales Value (in Million US$), 2018 & 2023
Figure 37: North America: Oilfield Chemicals Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 38: United States: Oilfield Chemicals Market: Sales Value (in Million US$), 2018 & 2023
Figure 39: United States: Oilfield Chemicals Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 40: Canada: Oilfield Chemicals Market: Sales Value (in Million US$), 2018 & 2023
Figure 41: Canada: Oilfield Chemicals Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 42: Asia-Pacific: Oilfield Chemicals Market: Sales Value (in Million US$), 2018 & 2023
Figure 43: Asia-Pacific: Oilfield Chemicals Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 44: China: Oilfield Chemicals Market: Sales Value (in Million US$), 2018 & 2023
Figure 45: China: Oilfield Chemicals Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 46: Japan: Oilfield Chemicals Market: Sales Value (in Million US$), 2018 & 2023
Figure 47: Japan: Oilfield Chemicals Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 48: India: Oilfield Chemicals Market: Sales Value (in Million US$), 2018 & 2023
Figure 49: India: Oilfield Chemicals Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 50: South Korea: Oilfield Chemicals Market: Sales Value (in Million US$), 2018 & 2023
Figure 51: South Korea: Oilfield Chemicals Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 52: Australia: Oilfield Chemicals Market: Sales Value (in Million US$), 2018 & 2023
Figure 53: Australia: Oilfield Chemicals Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 54: Indonesia: Oilfield Chemicals Market: Sales Value (in Million US$), 2018 & 2023
Figure 55: Indonesia: Oilfield Chemicals Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 56: Others: Oilfield Chemicals Market: Sales Value (in Million US$), 2018 & 2023
Figure 57: Others: Oilfield Chemicals Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 58: Europe: Oilfield Chemicals Market: Sales Value (in Million US$), 2018 & 2023
Figure 59: Europe: Oilfield Chemicals Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 60: Germany: Oilfield Chemicals Market: Sales Value (in Million US$), 2018 & 2023
Figure 61: Germany: Oilfield Chemicals Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 62: France: Oilfield Chemicals Market: Sales Value (in Million US$), 2018 & 2023
Figure 63: France: Oilfield Chemicals Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 64: United Kingdom: Oilfield Chemicals Market: Sales Value (in Million US$), 2018 & 2023
Figure 65: United Kingdom: Oilfield Chemicals Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 66: Italy: Oilfield Chemicals Market: Sales Value (in Million US$), 2018 & 2023
Figure 67: Italy: Oilfield Chemicals Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 68: Spain: Oilfield Chemicals Market: Sales Value (in Million US$), 2018 & 2023
Figure 69: Spain: Oilfield Chemicals Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 70: Russia: Oilfield Chemicals Market: Sales Value (in Million US$), 2018 & 2023
Figure 71: Russia: Oilfield Chemicals Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 72: Others: Oilfield Chemicals Market: Sales Value (in Million US$), 2018 & 2023
Figure 73: Others: Oilfield Chemicals Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 74: Latin America: Oilfield Chemicals Market: Sales Value (in Million US$), 2018 & 2023
Figure 75: Latin America: Oilfield Chemicals Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 76: Brazil: Oilfield Chemicals Market: Sales Value (in Million US$), 2018 & 2023
Figure 77: Brazil: Oilfield Chemicals Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 78: Mexico: Oilfield Chemicals Market: Sales Value (in Million US$), 2018 & 2023
Figure 79: Mexico: Oilfield Chemicals Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 80: Others: Oilfield Chemicals Market: Sales Value (in Million US$), 2018 & 2023
Figure 81: Others: Oilfield Chemicals Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 82: Middle East and Africa: Oilfield Chemicals Market: Sales Value (in Million US$), 2018 & 2023
Figure 83: Middle East and Africa: Oilfield Chemicals Market: Breakup by Country (in %), 2023
Figure 84: Middle East and Africa: Oilfield Chemicals Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 85: Global: Oilfield Chemicals Industry: SWOT Analysis
Figure 86: Global: Oilfield Chemicals Industry: Value Chain Analysis
Figure 87: Global: Oilfield Chemicals Industry: Porter's Five Forces Analysis
Table 1: Global: Oilfield Chemicals Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: Oilfield Chemicals Market Forecast: Breakup by Product (in Million US$), 2024-2032
Table 3: Global: Oilfield Chemicals Market Forecast: Breakup by Location (in Million US$), 2024-2032
Table 4: Global: Oilfield Chemicals Market Forecast: Breakup by Application (in Million US$), 2024-2032
Table 5: Global: Oilfield Chemicals Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 6: Global: Oilfield Chemicals Market: Competitive Structure
Table 7: Global: Oilfield Chemicals Market: Key Players
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