Global Oilfield Process Chemicals Market 2018-2023 Analysis of Top Companies Air Liquide, Albemarle, BASF, Dow Chemical Co., and Schlumberger

Orbis Research Publish a New Market Research Report On - “Global Oilfield Process Chemicals Market”. The Report Covers Industry Trends, Statistic, Segmentation, Growth, Market Share, Revenue, Leading Players, Region, Types and Application.

Since the publication of the last report, CHM039D Oilfield Process Chemicals, there have been significant changes in the market that have contributed to a more than double increase in the five-year forecast for the period 2016-2021 to the current forecast period, 2018-2023. BCC Research attributes the upward adjustment to a REDACTED compound annual growth rate (CAGR) from 2018-2023 due to substantive price increases in most fossil fuels since 2016. The price increases were driven by production cuts by OPEC in 2017, a drop in Venezuelan production and a REDACTED increase in global oil and gas industry capital expenditures from 2016 to 2017, which is expected to support greater usage of oilfield process chemicals in the coming years.

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In 2017, the value of the oilfield process chemicals market was approximately REDACTED. BCC Research expects the market to grow to over REDACTED in 2018 and REDACTED in 2023, a CAGR of REDACTED over the next five years. As noted under Methodology, these values were calculated at the user level rather than the manufacturer level as was done in previous editions of this rep ort.

The scope of this study includes only the chemicals used in the upstream part of the oilfield processes. In many cases, what material is in scope and what is out of scope is clear-cut, and materials that are classified as minerals have been excluded. Where it is not so clear (as in the case of insoluble salts or the usage of material produced on-site) judgment has been made by the analysts based on discussions with industry experts.

Chemicals in scope have been categorized in three different ways: by process application, by type and by chemical function. Both past and current market performance of oilfield process chemicals is assessed. Projected sales for the industry as a whole are forecast by application, type and function, and the market is assessed on a worldwide scale. Impacts on the oil and gas industry are explained and the potential effects of political issues, environmental legislation and energy policies are also considered. Estimated values used are based on manufacturers’ total revenues. Projected and forecasted revenue values are in constant U.S. dollars, unadjusted for inflation.

Reasons for Doing This Study

This report is an update of an earlier (2016) BCC Research study of the oilfield process chemicals industry. The last two years have been a turbulent period in the global oil and gas industry, as global economic weakness, more stringent fuel economy regulations, expanding use of alternative energy and the development of extremely efficient engines have combined to dramatically reduce the need for oil. Meanwhile, the exploitation of new reserves, especially of shale oil, in numerous regions around the world, has glutted the market for oil. While market conditions are more favorable in the gas industry, gas production is still expected to exceed consumption in the near to mid-term.

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These conditions are a recipe for lower prices and decreased profits. Oil and gas companies therefore are focusing on increasing their operating efficiency to preserve their margins and maintain the reinvestment rates necessary to grow production.

In view of these trends, BCC Research has decided that this is an appropriate time to revise the 2016 report in order to provide readers with an up-to-date understanding of the value and structure of the global oilfield process chemicals industry. This study will review the chemicals that are consumed in the exploration, drilling and production of oil and gas globally. It will highlight growing and contracting segments, technological challenges that the industry is facing, and possible solutions to those challenges

Report Scope:

The scope of this study includes only the chemicals used in the upstream part of the oilfield processes. In many cases, what material is in scope and what is out of scope is clear-cut, and materials that are classified as minerals have been excluded. Where it is not so clear (as in the case of insoluble salts or the usage of material produced on-site) judgment has been made by the analysts based on discussions with industry experts.

Chemicals in scope have been categorized in three different ways: by process application, by type and by chemical function. Both past and current market performance of oilfield process chemicals is assessed. Projected sales for the industry as a whole are forecast by application, type and function, and the market is assessed on a worldwide scale. Impacts on the oil and gas industry are explained and the potential effects of political issues, environmental legislation and energy policies are also considered.

Estimated values used are based on manufacturers’ total revenues. Projected and forecasted revenue values are in constant U.S. dollars, unadjusted for inflation.

Report Includes:

- 37 data tables and 38 additional tables
- An overview of the global market for oilfield process chemicals
- Analyses of global market trends with data from 2017, estimates for 2018, and projections of compound annual growth rates (CAGRs) through 2023
- Information as to how these chemicals affect the challenges associated with drilling deeper, help the industry cope with hotter and higher-pressure environments, and affect the drive to recycle and reuse materials
- Analyses of which chemical segments are growing, segments of the market that are contracting, technology challenges the industry is facing, and possible solutions and remedies for those challenges
- Identification of the segments that should experience high growth during the time frame covered
- A look at the challenges that multifunctional and specialty chemicals need to overcome in the near future
- Profiles of leading companies in the market, including Air Liquide, Albemarle, BASF, Dow Chemical Co., and Schlumberger

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Companies Mentioned:
ADVANCED AROMATICS L.P.
AIR LIQUIDE
AIR PRODUCTS AND CHEMICALS
AKZO NOBEL
AL SANEA CHEMICALS
ALBEMARLE
ANCHOR DRILLING FLUIDS USA INC.
AQUA CHEMICALS
ASHLAND AQUALON FUNCTIONAL INGREDIENTS
AUBIN

...Continued

Table of Contents
Chapter 1 Introduction
Study Goals and Objectives
Reasons for Doing This Study
Scope of Report
Information Sources
Methodology
Geographic Breakdown
Analyst's Credentials
BCC Custom Research
Related BCC Research Reports
Chapter 2 Summary and Highlights
Chapter 3 Market and Technology Background
Oilfield Process Chemicals
Chemical Applications
Chemical Types
Chemical Functions
Factors Shaping the Market
Oil and Gas Price Trends
Production Levels
Political Environment
Environmental Regulations
Chapter 4 Market Breakdown by Product Type
Specialty Chemicals
Functions and Applications
Market Forecast
Commodity Chemicals
Distribution
Functions
Market Forecast
Polymers
Gases
Chapter 5 Market Breakdown by Function
Summary
Corrosion Control
Factors
Products and Projected Sales
Rheology Modifiers
Factors
Products and Projected Sales
Viscosifiers
Factors
Products and Projected Sales
Synthetic-Based Muds
Factors
Products and Projected Sales
Scale Control
Factors
Products and Projected Sales
Fluid Loss Control
Factors
Products and Projected Sales
Cement Retarders
Factors
Products and Projected Sales
Bacterial Control
Factors
Products and Projected Sales
Wax and Asphaltene Control
Factors
Products and Projected Sales
Hydrate Control
Factors
Products and Projected Sales
Hydrogen Sulfide Control
Factors
Products and Projected Sales
Oil and Water Separation
Factors
Products and Projected Sales
Foam Control
Factors
Products and Projected Sales
Maintenance and Utility
Factors
Products and Projected Sales
Shale Control
Factors
Products and Projected Sales
Acidizing
Factors
Products and Projected Sales
Multifunctional Chemicals
Products and Projected Sales
Other Chemicals
Products and Projected Sales
Chapter 6 Market Breakdown by Application
Summary
Drilling
Workover and Completion Fluids
Cementing Additives
Stimulation and Production Chemicals
Enhanced Oil Recovery
Processes for Enhanced Oil Recovery
Chapter 7 Growth Opportunities
Market Drivers
Competitive Strategies
Weaknesses Associated with the Oil and Gas Industry
Mergers and Acquisitions
Chapter 8 Patent Review/New Developments
Patents by Process Application
Patents by Company
New Technologies
Chapter 9 Worldwide Industry Structure

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