Press release
Oilfield Surfactants Market reach to over $1 billion by 2026 | Sasol Limited, Lubrizol Corporation, BASF SE, Oxiteno USA LLC., Evonik Industries AG, Kao Corporation, Croda International PLC, Clariant AG, Solvay, 3M Company, Halliburton, Nouryon Holding B.
Oilfield surfactants are considered the most versatile chemical products across the overall chemicals sector and observe use across almost all industries, spanning from household detergents to drilling muds and pharmaceuticals to food items.
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Top Companies
1. Sasol Limited
2. Lubrizol Corporation
3. BASF SE
4. Oxiteno USA LLC.
5. Evonik Industries AG
6. Kao Corporation
7. Croda International PLC
8. Clariant AG
9. Solvay
10. 3M Company
11. Halliburton
12. Nouryon Holding B.V.
13. Flotek Industries
14. Schlumberger Limited
Speaking in terms of the application, the foamers application segment is likely to exhibit a healthy CAGR of more than 6% over projected timespan, from oil spill cleanup efforts. The surface-active materials are used to produce dispersants that help with the oil spill cleanups.
These materials, which include α/B-ethylhexylsul fosuccinate, and dioctyl-sodium sulfosuccinate, have a substantial impact on brackish and fresh water during cleanup operations.
The segment is projected to witness a CAGR of approximately 2% over the forecast timespan. Silicone surfactants are also called super spreading or wetting agents owing to their lower surface tension, which is beyond that of conventional non-ionic surfactants.
These surfactants are further classified into two types, oil-soluble, and water-dissolvable surfactants. Water-dissolvable surfactants usually spreads the water droplets before it dries, while the oil-soluble surfactants spread the oil a fraction of the spray droplet following the dissipation of water.
On the regional front, the Latin America oilfield surfactants market is also forecast to witness tremendous growth over the coming years. Especially since a number of countries in the region, including Venezuela and Brazil, have made changes in their national policies that may create equitable fiscal as well as tax regimes that may further stimulate overall market growth by 2026.
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Growth Drivers are
• North America: Increasing shale oil production in the region will stimulate product demand
• Europe: Rising number of oil & gas projects in Europe will stimulate product demand
• Asia Pacific: Rising investments and government initiatives for oil & gas projects in the region to stimulate product demand
• LATAM: Changes in national policies will foster oil & gas industry growth
• Middle East & Africa: Increasing crude oil production in the region will stimulate product demand
Meanwhile, the Europe oilfield surfactants industry is expected to account for a significant chunk of the overall market share by the end of the forecast timeframe. In fact, the region already holds an overall industry share of more than 24%, affording the region a respectable presence in the business landscape.
The competitive landscape of the global oilfield surfactants market is inclusive of players such as Schlumberger Limited, Flotek Industries, Inc., Nouryon Holding B.V., Halliburton, 3M Company, Solvay, Clariant AG, Croda International PLC, Kao Corporation, Evonik Industries AG, Oxiteno USA LLC, BASF SE, Lubrizol Corporation, and Sasol Limited among others.
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