HOME Top Market Reports Oilfield Stimulation Chemicals Market by Types (Gelling Agents, Surfactants, Friction reducers, Corrosion and Scale Inhibitors, Acids), by Application(Hydraulic Fracturing, Matrix Acidization, Acid Fracking) & by region - Global Trends & Forecasts to 2020

Oilfield Stimulation Chemicals Market by Types (Gelling Agents, Surfactants, Friction reducers, Corrosion and Scale Inhibitors, Acids), by Application(Hydraulic Fracturing, Matrix Acidization, Acid Fracking) & by region - Global Trends & Forecasts to 2020

By: marketsandmarkets.com
Publishing Date: July 2015
Report Code: CH 3612

 

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Oilfield stimulation is the process undertaken for the recovery and improving the flow of hydrocarbons from drilling well. With the development of new technologies and innovative chemicals, stimulation has now become an easy process. Oilfield stimulation chemicals find majority of its applications in hydraulic fracturing, matrix acidization, acid fracking, and other processes. These processes include steam injection, CO2 injection, and so on. Oilfield stimulation chemicals can be classified into gelling agents, friction reducers, surfactants, corrosion & scale inhibitors, acids, and others such as biocides and cross linkers.

North America is projected to remain the largest regional market for oilfield chemicals, globally. However, the Asia-Pacific region, led by China, is likely to overtake North America as the fastest-growing market. China’s massive demand for energy will continue to drive the country’s exploration activities and development of its huge unconventional energy resource, especially natural gas.

Among the various important product types of oilfield stimulation chemicals, gelling agents dominated the market with 34% in terms of value of the total oilfield stimulation chemicals market share in 2014. Surfactants are another key product segment, which is projected to grow significantly between 2015 and 2020. Other product types of oilfield stimulation chemicals, such as friction reducers, corrosion & scale inhibitors, and others, are also projected to grow at a considerable rate in the near future.

This study aims to estimate the market size in 2015, in terms of value, and also to project its demand by 2020. This research study provides a detailed qualitative and quantitative analysis of the market. It provides a comprehensive review of the key market drivers, restraints, opportunities, winning imperatives, challenges, and important issues in the market. The market is further segmented and projected by region North America, Commonwealth of Independent States (CIS), Asia-Pacific, Europe, and RoW. Each of these regions is further segmented by key countries. We have used various secondary sources, such as company websites, encyclopedia, directories, and databases, to identify and collect information useful for this extensive commercial study of oilfield stimulation chemicals. The primary sources, that include experts from related industries and suppliers, have been interviewed to verify and collect critical information as well as to assess the future prospects of oilfield stimulation.

The leading players of stimulation chemicals include BASF SE (Germany), Chevron Philips (U.S.),E.I. Dupont (U.S.), Ashland Inc. (U.S.), and Dow chemicals (U.S.).

Scope of the Report:

This research report categorizes the market for oilfield stimulation chemicals on the basis of types, applications, and regions along with projection of revenue and analyzing trends in each of the submarkets.

On the basis of types: The market is segmented on the basis of types, namely, gelling agents, friction reducers, surfactants, corrosion & scale inhibitors, acids, and others. Each material type is further described in detail in the report with value forecasts.

On the basis of applications: The oilfield stimulation chemicals market is segmented into applications, namely, hydraulic fracturing, matrix acidization, acid fracking, and others. Each application segment is further described in detail in the report with value forecasts between 2015 and 2020.

On the basis of regions: The market is segmented by regions, namely, North America, Commonwealth of Independent States (CIS), Asia-Pacific, Europe, and RoW; they are further segmented by key countries in each region that include The U.S, Canada, Mexico, China, Vietnam, South Korea, India, Germany, U.K., France, Poland, Kazakhstan, and Brazil.

Table of Contents

1 Introduction (Page No. - 16)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 19)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Market Size Estimation
    2.3 Market Breakdown & Data Triangulation
    2.4 Assumptions

3 Executive Summary (Page No. - 27)

4 Premium Insights (Page No. - 32)
    4.1 Attractive Opportunities in the Oilfield Stimulation Chemicals Market
    4.2 Oilfield Stimulation Chemicals Market, By Regions
    4.3 Market in North America
    4.4 Market Attractiveness
    4.5 Market, By Application (2014)
    4.6 Market, Developing vs. Developed Nations
    4.7 Markets, By Type
    4.8 Life Cycle Analysis, By Region

5 Market Overview (Page No. - 39)
    5.1 Introduction
    5.2 Market Segmentation
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Increasing Crude Oil Production
                    5.3.1.2 Rising Deep Drilling Operations
           5.3.2 Restraints
                    5.3.2.1 Low Crude Oil Prices
           5.3.3 Opportunities
                    5.3.3.1 Discovery of New Oilfields in Asia–Pacific, Latin America, and Africa
                    5.3.3.2 Use of Biopolymer in Stimulation
           5.3.4 Challenge
                    5.3.4.1 Strict Government Regulations
                    5.3.4.2 High Environmental Risk

6 Industry Trends (Page No. - 45)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Porter’s Five Forces Analysis
           6.3.1 Bargaining Power of Suppliers
           6.3.2 Threat of New Entrants
           6.3.3 Threat of Substitutes
           6.3.4 Bargaining Power of Buyers
           6.3.5 Intensity of Rivalry

7 Oilfield Stimulation Chemicals Market, By Type (Page No. - 50)
    7.1 Introduction
    7.2 Gelling Agents
    7.3 Friction Reducers
    7.4 Surfactants
    7.5 Corrosion & Scale Inhibitors
    7.6 Acids
    7.7 Others

8 Oilfield Stimulation Chemicals Market, By Application (Page No. - 61)
    8.1 Introduction
    8.2 Hydraulic Fracturing
    8.3 Matrix Acidization
    8.4 Acid Fracking
    8.5 Others

9 Regional Analysis (Page No. - 70)
    9.1 Introduction
    9.2 North America
           9.2.1 U.S.
           9.2.2 Canada
           9.2.3 Mexico
    9.3 Former Soviet Union (FSU)
           9.3.1 Russia
           9.3.2 Kazakhstan
           9.3.3 Uzbekistan
           9.3.4 Rest of FSU
    9.4 Asia-Pacific
           9.4.1 China
           9.4.2 Indonesia
           9.4.3 India
           9.4.4 Malaysia
           9.4.5 Australia
           9.4.6 Rest of Asia-Pacific
    9.5 Europe
           9.5.1 Norway
           9.5.2 U.K.
           9.5.3 Netherlands
           9.5.4 Poland
           9.5.5 Rest of European Countries
    9.6 Rest of the World
           9.6.1 Latin America
           9.6.2 Africa
           9.6.3 Middle East

10 Competitive Landscape (Page No. - 114)
     10.1 Introduction
     10.2 Competitive Situation & Trends
     10.3 Maximum Developments in North America and Asia-Pacific, 2010-2014
     10.4 Maximum Developments Recorded in 2011
     10.5 Flotek Industries: the Most Active Player Between 2010 and 2014
     10.6 Competitive Situation & Trends
             10.6.1 Mergers & Acquisitions
             10.6.2 Agreements & Collaborations
             10.6.3 Expansions
             10.6.4 New Product Launches

11 Company Profiles (Page No. - 124)
(Overview, Financial*, Products & Services, Strategy, and Developments)
     11.1 Introduction
     11.2 BASF SE
     11.3 Baker Hughes Incorporated
     11.4 DOW Chemical Company
     11.5 E.I Dupont
     11.6 Flotek Industries Inc.
     11.7 Halliburton
     11.8 Schlumberger Limited
     11.9 Chevron Phillips Chemical Company
     11.10 Clariant AG
     11.11 Ashland Inc.
     11.12 Akzonobel N.V.
     11.13 Albemarle Corp.
     11.14 Solvay SA.

*Details Might Not Be Captured in Case of Unlisted Companies

12 Appendix (Page No. - 168)
     12.1 Insights From Industry Experts
     12.2 Discussion Guide
     12.3 Introducing RT: Real Time Market Intelligence
     12.4 Available Customizations
     12.5 Related Reports


List of Tables (76 Tables)

Table 1 Oilfield Stimulation Chemicals Market, By Type
Table 2 Oilfield Stimulation Chemicals Market, By Application
Table 3 Oilfield Stimulation Chemical Market Size, By Type, 2013–2020(USD Million)
Table 4 Oilfield Stimulation Market Size for Gelling Agents, By Region,2013–2020 (USD Million)
Table 5 Oilfield Stimulation Market Size for Friction Reducers, By Region, 2013–2020 (USD Million)
Table 6 Oilfield Stimulation Market Size for Surfactants, By Region,2013–2020 (USD Million)
Table 7 Oilfield Stimulation Market Size for Corrosion & Scale Inhibitors, By Region, 2013–2020 (USD Million)
Table 8 Oilfield Stimulation Market Size for Acids, By Region, 2013–2020(USD Million)
Table 9 Oilfield Stimulation Market Size for Other Types, By Region,2013–2020 (USD Million)
Table 10 Market Size, By Application,2013–2020 (USD Million)
Table 11 Market Size for Hydraulic Fracturing, By Region, 2013–2020 (USD Million)
Table 12 Market Size for Matrix Acidization, By Region, 2013–2020 (USD Million)
Table 13 Market Size for Acid Fracking, By Region, 2013-2020 (USD Million)
Table 14 Market Size for Others, By Region, 2013–2020 (USD Million)
Table 15 Market Size, By Region,2013–2020 (USD Million)
Table 16 North America: Oilfield Stimulation Chemicals Market Size, By Country, 2013–2020 (USD Million)
Table 17 North America: Market Size, By Type, 2013–2020 (USD Million)
Table 18 North America: Market Size, By Application, 2013–2020 (USD Million)
Table 19 U.S.: Market Size, By Type,2013–2020 (USD Million)
Table 20 U.S.: Market Size, By Application,2013–2020 (USD Million)
Table 21 Canada: Market Size, By Type,2013–2020 (USD Million)
Table 22 Canada: Market Size, By Application, 2013–2020 (USD Million)
Table 23 Mexico: Market Size, By Type,2013–2020 (USD Million)
Table 24 Mexico: Market Size, By Application, 2013–2020 (USD Million)
Table 25 FSU: Market Size, By Country,2013–2020 (USD Million)
Table 26 FSU: Market Size, By Type,2013–2020 (USD Million)
Table 27 FSU: Market Size, By Application,2013–2020 (USD Million)
Table 28 Russia: Market Size, By Type,2013–2020 (USD Million)
Table 29 Russia: Market Size, By Application, 2013–2020 (USD Million)
Table 30 Kazakhstan: Market Size, By Type,2013–2020 (USD Million)
Table 31 Kazakhstan: Market Size, By Application, 2013–2020 (USD Million)
Table 32 Uzbekistan: Market Size, By Type,2013–2020 (USD Million)
Table 33 Uzbekistan: Market Size, By Application, 2013–2020 (USD Million)
Table 34 Others: Oilfield Stimulation Chemicals Market Size, By Type,2013–2020 (USD Million)
Table 35 Others: Oilfield Stimulation Chemical Market Size, By Application, 2013–2020 (USD Million)
Table 36 Asia-Pacific: Market Size, By Country, 2013–2020 (USD Million)
Table 37 Asia-Pacific: Market Size, By Type,2013–2020 (USD Million)
Table 38 Asia-Pacific: Market Size, By Application, 2013–2020 (USD Million)
Table 39 China: Market Size, By Type,2013–2020 (USD Million)
Table 40 China: Market Size, By Application, 2013–2020 (USD Million)
Table 41 Indonesia: Market Size, By Type,2013–2020 (USD Million)
Table 42 Indonesia: Market Size, By Application, 2013–2020 (USD Million)
Table 43 India: Market Size, By Type,2013–2020 (USD Million)
Table 44 India: Market Size, By Application,2013–2020 (USD Million)
Table 45 Malaysia: Market Size, By Type,2013–2020 (USD Million)
Table 46 Malaysia: Market Size, By Application, 2013–2020 (USD Million)
Table 47 Australia: Market Size, By Type,2013–2020 (USD Million)
Table 48 Australia: Market Size, By Application, 2013–2020 (USD Million)
Table 49 Rest of Asia-Pacific: Market Size, By Type, 2013–2020 (USD Million)
Table 50 Rest of Asia-Pacific: Market Size, By Application, 2013–2020 (USD Million)
Table 51 Europe: Oilfield Stimulation Chemicals Market Size, By Country,2013–2020 (USD Million)
Table 52 Europe: Market Size, By Type,2013–2020 (USD Million)
Table 53 Europe: Market Size, By Application, 2013–2020 (USD Million)
Table 54 Norway: Market Size, By Type,2013–2020 (USD Million)
Table 55 Norway: Market Size, By Application, 2013–2020 (USD Million)
Table 56 U.K.: Market Size, By Type, 2013–2020 (USD Million)
Table 57 U.K.: Market Size, By Application, 2013–2020 (USD Million)
Table 58 Netherlands: Market Size, By Type, 2013–2020 (USD Million)
Table 59 Netherlands: Market Size, By Application, 2013–2020 (USD Million)
Table 60 Poland: Market Size, By Type,2013–2020 (USD Million)
Table 61 Poland: Market Size, By Application, 2013–2020 (USD Million)
Table 62 Rest of Europe: Oilfield Stimulation Chemicals Market Size, By Type, 2013–2020 (USD Million)
Table 63 Rest of Europe: Market Size, By Application, 2013–2020 (USD Million)
Table 64 RoW: Market Size, By Country,2013–2020 (USD MN)
Table 65 RoW: Oilfield Stimulation Chemical Market Size, By Type,2013–2020 (USD MN)
Table 66 RoW: Market Size, By Application,2013–2020 (USD MN)
Table 67 Latin America: Market Size, By Type, 2013–2020 (USD Million)
Table 68 Latin America: Market Size, By Application, 2013–2020 (USD Million)
Table 69 Africa: Market Size, By Type,2013–2020 (USD Million)
Table 70 Africa: Oilfield Stimulation Chemicals Market Size, By Application, 2013–2020 (USD Million)
Table 71 Middle East: Market Size, By Type,2013–2020 (USD Million)
Table 72 Middle East: Oilfield Stimulation Chemicals Market Size, By Application, 2013–2020 (USD Million)
Table 73 Mergers & Acquisitions, 2010–2014
Table 74 Agreements & Collaborations, 2010–2014
Table 75 Expansions, 2010–2014
Table 76 New Product Launches, 2010–2014
 
 
List of Figures (67 Figures)
 
Figure 1 Oilfield Stimulation Chemicals Market: Research Design
Figure 1 Market Size Estimation: Top-Down Approach
Figure 2 Market Size Estimation: Bottom-Up Approach
Figure 3 Data Triangulation Methodology
Figure 4 Gelling Agents and Friction Reducers Set to Drive the Global Oilfield Stimulation Chemicals Market
Figure 5 Oilfield Stimulation Chemicals Market, By Application
Figure 6 Asia-Pacific to Witness the Fastest Growth in the Oilfield Stimulation Chemical Market
Figure 7 China has the Highest Growth Potential in the Oilfield Stimulation Chemical Market
Figure 8 Oilfield Stimulation Market to Register High Growth Between2015 and 2020
Figure 9 The Market in Asia-Pacific is Projected to Grow at the Highest Rate, 2015–2020
Figure 10 The U.S. Captured the Largest Share of the North American Oilfield Stimulation Chemicals Market
Figure 11 China to Register the Highest Growth Rate During the Projected Period
Figure 12 Hydraulic Farcturing Segment Captures the Largest Share of the Market
Figure 13 China to Emerge as A Lucrative Market, 2015–2020
Figure 14 Gelling Agents Segment has High Growth Potential in the Emerging Economies
Figure 15 Asia-Pacific has the Highest Growth Potential in the Oilfield Stimulation Chemicals Market
Figure 16 Oilfield Stimulation Chemicals Market, By Type
Figure 17 Drivers, Restraints, Opportunities, & Challenges in Oilfield Stimulation Chemical Market
Figure 18 Value Chain Analysis
Figure 19 Porter’s Five Forces Analysis
Figure 20 Gelling Agents Dominate the Market, 2015 vs. 2019
Figure 21 North America is the Largest Market for Gelling Agents in Oilfield Stimulation Chemicals Market
Figure 22 Asia Pacific: the Fastest Growing Market for Friction Reducer Chemical, 2015 vs. 2020
Figure 23 North America to Capture the Highest Share of Acids for Oilfield Stimulation Chemicals Market Between 2015 and 2020
Figure 24 Hydraulic Fracturing to Witness Highest Demand During the Forecast Period
Figure 25 North America is the Largest Market for Hydraulic Fracturing
Figure 26 Asia-Pacific to Witness the Fastest Growth Rate Between 2015 and 2020
Figure 27 Europe: the Fastest-Growing Region in Acid Fracking Application,2015 vs. 2020
Figure 28 FSU to Emerge as the Largest Market
Figure 29 Rapid Growth Markets are Emerging as New Strategic Locations
Figure 30 Market in Asia-Pacific has the Highest Growth Potential
Figure 31 The U.S. is the Most Lucrative Market in North America
Figure 32 Russia Continues to Dominate the Market in FSU
Figure 33 China is the Most Lucrative Market in Asia-Pacific
Figure 34 Poland to Register the Highest Growth in the Oilfield Stimulation Chemicals Market in Europe
Figure 35 Latin America is the Largest and the Fastest-Growing Market in RoW
Figure 36 New Product Launch: Most Preferred Strategy By Key Companies From 2010-2014
Figure 37 Battle for Market Share: Mergers & Acquisitions Was the Key Strategy, 2010–2014
Figure 38 Mergers & Acquisitions Made North America and Asia-Pacific the Most Active Regions
Figure 39 Oilfield Stimulation Chemicals Market Developmental Share,2010-2014
Figure 40 Developmental Share, By Company, 2010–2014
Figure 41 Regional Revenue Mix of Top 5 Market Players
Figure 42 BASF SE: Company Snapshot
Figure 43 BASF SE: SWOT Analysis
Figure 44 Baker Hughes Incorporated: Company Snapshot
Figure 45 Baker Hughes Incorporated: SWOT Analysis
Figure 46 DOW Chemical Company: Company Snapshot
Figure 47 DOW Chemical Company: SWOT Analysis
Figure 48 E.I Dupont: Company Snapshot
Figure 49 E.I. Dupont: SWOT Analysis
Figure 50 Flotek Industries Inc.: Company Snapshot
Figure 51 Flotek Industries Inc.: SWOT Analysis
Figure 52 Halliburton: Company Snapshot
Figure 53 Halliburton: SWOT Analysis
Figure 54 Schlumberger Limited: Company Snapshot
Figure 55 Schlumberger Limited: SWOT Analysis
Figure 56 Chevron Phillips Chemical Company: Company Snapshot
Figure 57 Chevron Phillips Chemical Company: SWOT Analysis
Figure 58 Clariant AG: Company Snapshot
Figure 59 Clariant AG: SWOT Analysis
Figure 60 Ashland Inc.: Company Snapshot
Figure 61 Ashland Inc.: SWOT Analysis
Figure 62 Akzonobel N.V. Company: Company Snapshot
Figure 63 Akzonobel N.V. Company: SWOT Analysis
Figure 64 Albermarle Corp.: Company Snapshot
Figure 65 Albermarle Corp.: SWOT Analysis
Figure 66 Solvay SA. Company: Company Snapshot
Figure 67 Solvay SA. Company: SWOT Analysis

Oilfield stimulation is the process of improving the oil wells for the purpose of increasing oil production and enhancing the flow of hydrocarbons. Chemicals used in the process of well intervention are oilfield stimulation chemicals.

The production of crude oil is driving the consumption of oilfields stimulation chemicals market, globally. Rise in the drilling of deeper wells is also one of the key reasons for the growth of the market. Growing demand for well stimulation processes offers great push to the oilfield stimulation chemicals market. It offers a wide range of opportunities to chemical suppliers as well as formulated oilfield chemical suppliers. Regulations related to the protection of surface water and ground water during seismic testing is hindering the growth of the oilfield services market. The oilfield operations of existing wells have now become difficult due to the introduction of these new and stringent policies. The limited exploration activity is mainly due to the difficulty and the time length required for issuing licenses and the necessary authorization for stimulating.

The market size of oilfield stimulation chemicals is projected to reach $2.97 Billion by 2020, signifying a firm annualized growth rate of 10.1% between 2015 and 2020.

Global oil field stimulation chemicals have been segmented on the basis of applications (hydraulic fracturing, matrix acidization, acid fracking, and others), types (gelling agents, surfactants, friction reducers, corrosion & scale inhibitors, acids, and others) and regions (North America, Commonwealth of Independent States, Asia-Pacific, Europe, and RoW).

Hydraulic fracturing covers the major percent of the overall application market owing to the exploration of shale gas reserves. It is also estimated to be the fastest-growing application segment during the projected period. The gelling agents type was the largest market among the various types of stimulation chemicals in 2014. The friction reducers type is estimated to be the fastest-growing type between 2015 and 2020 as it is used in hydraulic fracturing, which is the largest and fastest-growing application segment. Currently, North America is the biggest market, accounting for nearly 50% of the total market size, in terms of value, in 2014. North America’s hold on the oilfield stimulation chemicals market is mainly due to the large exploration of unconventional oil & gas reserves. Among all the countries, the U.S. dominates the market. Asia-Pacific is believed to be the fastest-growing region during the projected period due to China’s interest in shale gas exploration. Regions, such as Former Soviet Union, Africa, are expected to witness decent growth during the projected period.

The leading players of the oilfield stimulation chemicals market include BASF SE (Germany), Chevron Philips (U.S.), E.I. Dupont(U.S.), Clariant AG, Dow Chemical (U.S.) and Ashland Inc. (U.S.). Clariant Oil Services, a business unit of Clariant International Ltd., adopted the strategy of launching new products that include a full line of corrosion inhibitors, hydrogen sulfide scavengers, degreasers, dispersants, surfactants, pipeline cleaners, and hydrostatic testing applications. The company developed and introduced this new portfolio to meet the midstream segment's increasing demands and growing challenges in the oil & gas industry.Rise in the number of deep drilling activities and crude oil production is driving the oil field stimulation markets.

The leading players include BASF SE (Germany), Chevron Philips (U.S.), E.I. Du Pont De Nemours & Company (U.S), and Ashland Inc. (U.S.).

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