Press release
Global Oilfield Stimulation Chemicals Market Size & Share, Growth and Forecast, 2017 - 2025
The objectives of this study are as follows:
To define, describe, and forecast the "Oilfield Stimulation Chemicals" market by type, application, component, delivery model, end user, and region
To provide detailed information regarding major factors influencing market growth (drivers, restraints, opportunities, and industry-specific challenges)
To analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
To analyze opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
To forecast the market size of market segments with respect to the four key regions: North America, Europe, Asia, and the Rest of the World (RoW)
To strategically profile the key players and comprehensively analyze their product portfolios, market positions, and core competencies
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Oilfield stimulation chemicals include an extensive range of specialty chemicals intended to augment and support the stimulation process. Stimulation treatments are carried out in order to restore or improve the productivity of a well. Improvement in the productivity of the new flow channels results in better recovery of oil and gas from the targeted formation.
Products such as acids and biocides are used to control the bacteria present in the fracturing fluid at the surface. Corrosion inhibitors are frequently required in highly acidic and saline environments in order to protect the metal equipment. Friction pressure is a concern during the pumping process. It can be efficiently controlled by employing friction inhibitors. The viscosity of fluids can be controlled by using gelling agents.
Oilfield Stimulation Chemicals Market: Drivers and Restraints
Of late, the oil & gas industry has witnessed a decline in terms of production due to the low pricing. Surfactants are used in oilfield chemicals for lubrication. They are also employed as corrosion inhibitors, wetting agents, dispersants, foam control agents, and biocides. Contraction in the oil & gas industry is projected to adversely affect the demand for oilfield stimulation chemicals in the near future. This is anticipated to restrain the oilfield stimulation chemicals market during the forecast period.
Oilfield Stimulation Chemicals Market: Segmentation
Based on product, the oilfield stimulation chemicals market can be segmented into:
Gelling Agents/Viscosifiers
Corrosion Inhibitors
Acids & Biocides
Friction Reducers
Others (Iron Control Agents, Water Control Agents, etc.)
The acid treatment is given to the reservoir in order to stimulate sandstone and carbonate wells.. This acid treatment creates long channels that enter the formation and permit oil & gas to transfer. Hydrochloric Acid is frequently used for acid treatment; however, substitute acids are also used for matrix acidizing. Biocides are employed to regulate the growth of several types of bacteria. Controlling the development of sulfate reducing bacteria (SRB) is acute for reducing the formation of hydrogen sulfide. Furthermore, non-oxidizing organic biocides are less prone to corrosion than oxidizing biocides. Corrosion inhibitors are recommended to be used in acid treatments such as acid fracturing, matrix acidizing, and sand control treatments. However, the use of extremely acidic fluids leads to severe corrosion. Acidizing corrosion inhibitors are able to lessen corrosion in low and high chrome steels and carbon alloy steels. Acidizing corrosion inhibitors are stable under high reservoir temperatures and in high acid concentrations. Friction reducers are added in order to reduce pipe friction, which in turn allows higher injection rates.
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Based on application, the oilfield stimulation chemicals market can be divided into:
Hydraulic Fracturing
Matrix Acidization
Acid Fracking
Others
Gelling agents/viscosifiers ensure the precise settlement of proppants in hydraulic fracturing. They generate better rheology for matrix stimulations when used in combination with other acids. The hydraulic fracturing segment accounted for major share of the oilfield stimulation chemicals market in 2016.
Oilfield Stimulation Chemicals Market: Region-wise Outlook
Rapid growth in exploration of oil & gas reserves in North America is expected to boost the oilfield stimulation chemicals market in the near future. Asia Pacific held significant share of the global oilfield stimulation chemicals market in 2016. It is a key region in terms of production of surfactants, acids, etc. The U.S. and China are anticipated to play an important role in the growth of the global oilfield stimulation chemicals market. On the other hand, Canada, India, and ASEAN are estimated to be lucrative countries for oilfield stimulation chemicals during the forecast period.
Key manufacturers include BASF SE, Chevron Philips, DuPont, Clariant, The Dow Chemical Company, etc.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
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The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
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Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market
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