Specialty Oilfield Chemicals Market 2023 Global Industry Professional Survey with Top Company Profiles 2023 | BASF SE, Solvay, Akzo Nobel NV, Thermax Global, lobal Drilling Fluids & Chemicals Limited, DowDuPont

Global Specialty Oilfield Chemicals Market: Information by Application (Drilling, Cementing, Production, EOR), Type (Demulsifier, Deoiler, Biocide, Dewatering Additive, Fluid Loss Additive, Corrosion Inhibitor, Other), and Region—Forecast till 2023

Market Synopsis

Specialty oilfield chemicals are used to improve the efficiency of oil recovery from oil wells and reduce the environmental impact of the recovery process. They are mainly applicable in the oil & gas industry during drilling, cementing, production, stimulation, and enhanced oil recovery (EOR). Furthermore, these chemicals are used to prevent wax formation in oil, oil-water emulsion, and scaling and corrosion of pipe walls. In addition, these chemicals find application as drilling fluids, fluid loss control additives, gas blocking additives, deoiler, and cement retarders, among others. Apart from this, specialty oil chemicals are used as flocculants and coagulants in process water, waste oil, and oil sludge treatment.

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TOP 10 Key Players Profiles

BASF SE (Germany), Solvay (Belgium), Akzo Nobel NV (Netherlands), Huntsman International LLC (US), Thermax Global (India), Sadara (Saudi Arabia), DowDuPont (US), Shrieve (US), SMC Oilfield Chemicals (US), Roemex Limited (UK), KMCO LLC (US), and Global Drilling Fluids & Chemicals Limited (India).

Based on type, the global specialty oilfield chemicals market has been divided into demulsifier, deoiler, biocide, dewatering additive, fluid loss additive, corrosion inhibitor, scale inhibitor, clay stabilizer, pour point depressant, lubricant, paraffin control agent, and others. The biocide segment accounts for the largest share of the global specialty oilfield chemicals market in 2017. Biocides are used in the oil refining process to control the growth of sulfate-reducing bacteria and minimize the formation of H2S. The increasing demand for biocides in the pharmaceuticals, water treatment, and oil & gas industries is likely to drive market growth during the review period.

Competitive Landscape

The key players operating in this market are adopting various business strategies such as product launches, expansions, joint ventures, agreements, and acquisitions to gain significant market shares. For instance, on 10 July 2015, Solvay inaugurated the expanded oil & gas laboratory at its research and innovation center in Singapore to meet product demand in Asia-Pacific.

Market Segmentation

The global specialty oilfield chemicals market has been segmented on the basis of application, type, and region.

Based on application, the global specialty oilfield chemicals market has been categorized as drilling, cementing, production, enhanced oil recovery (EOR), and stimulation.

Based on type, the global specialty oilfield chemicals market has been divided into demulsifier, deoiler, biocide, fluid loss additive, corrosion inhibitor, scale inhibitor, clay stabilizer, pour point depressant, and others.

The global specialty oilfield chemicals market has been studied with respect to five key regions—Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.

Regional Analysis

The global specialty oilfield chemicals market has been segmented into five regions, namely, Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa. North America accounted for the largest share of the global specialty oilfield chemicals market in 2017. This is mainly due to the increased use of these chemicals in the oil & gas industry.

The Middle East & Africa and Asia-Pacific are the other substantial markets for specialty oilfield chemicals. The Middle East & Africa is the second-largest market due to the increasing product demand in major oil-producing countries such as Saudi Arabia, Iran, and Kuwait. Lastly, the markets in Europe and Latin America are expected to witness moderate growth during the forecast period.

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LIST OF FIGURES

FIGURE 1 Specialty Oilfield Chemicals Market Segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Porter’s Five Forces Analysis Of Specialty Oilfield Chemicals Market

FIGURE 4 Value Chain Of Specialty Oilfield Chemicals Market

FIGURE 5 Share Of Specialty Oilfield Chemicals Market, By Country, 2017 (%)

FIGURE 6 Specialty Oilfield Chemicals Market, 2017–2023

FIGURE 7 Sub-Segments Of Applications

FIGURE 8 Specialty Oilfield Chemicals Market Size, By Application, 2017

FIGURE 9 Share Of Specialty Oilfield Chemicals Market, By Application, 2017–2023

FIGURE 10 Sub-Segments Of Type

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