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Oilfield surfactants market in Latin America to trace exponential gain till 2026 | Companies like BASF, Baker Hughes, Halliburton, Schlumberger, Dow
oilfield surfactants market
These surfactants are extensively utilized to increase fluid recovery after the fracturing process. The product aids in preventing downhole emulsions and enhances long-term production after fracturing. It also enables dealing with low permeability reservoirs or unfavorable gas-water surface tension conditions.
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Rising oilfield exploration activities and changing industry dynamics to increase dependency on alternative energy sources will positively favor oilfield surfactant businesses over the coming years. Europe is estimated to hold over 24% of total oilfield surfactants market share over 2020-2026, owing to active involvement of regional and global oil & gas firms in exploration drilling activities.
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.
Meanwhile, the Europe oilfield surfactants market 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.
Recently, Norway, one of the largest oil exporters in the world, announced that it would be adjusting its crude oil production in efforts to support the global oil market stabilization efforts. This is expected to create significant growth impetus for oilfield surfactants across Europe in coming years.
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The demand for oilfield surfactants in Asia Pacific countries is slated to rise at a steady 3% CAGR through 2026. Government investments and initiatives to accelerate oil and gas exploration are likely to further augment this demand.
Citing an instance, the Indian government as allowed 100% Foreign Direct Investment (FDI)on natural gas, petroleum products, and refineries. Upgradation of existing exploration licensing policies to the new Hydrocarbon Exploration and Licensing Policy (HELP) will certainly complement the regional outlook.
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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