Specialty Oilfield Chemicals Market

Specialty Oilfield Chemicals Market by Type (Demulsifiers, Inhibitors & Scavengers, Friction Reducers, Rheology Modifiers), Application (Production, Drilling Fluids, Well Stimulation, EOR), and Region - Global Forecast to 2023

Report Code: CH 2574 Jun, 2018, by marketsandmarkets.com

[143 Pages Report] Specialty Oilfield Chemicals Market was valued at USD 10.92 Billion in 2017 and is projected to reach USD 13.88 Billion by 2023, at a CAGR of 4.1% from 2018 to 2023. In this report, 2017 has been considered as the base year and the forecast period that has been considered is from 2018 to 2023.

Objectives of this study are:

  • To define, describe, and analyze the specialty oilfield chemicals market based on type, application, and region
  • To forecast and analyze the size of the specialty oilfield chemicals market (in terms of value and volume) in 6 key regions, namely, North America, the Middle East & Africa, the Former Soviet Union (FSU), Asia Pacific, South America, and Europe
  • To forecast and analyze the specialty oilfield chemicals market at the country level in each region
  • To strategically analyze each submarket with respect to the individual growth trends and its contribution to the specialty oilfield chemicals market
  • To analyze opportunities in the specialty oilfield chemicals market for the stakeholders by identifying high-growth segments of the market
  • To identify significant market trends and factors driving or inhibiting the growth of the specialty oilfield chemicals market and its submarkets
  • To analyze competitive developments such as expansions, joint ventures, new products launches, and acquisitions in the specialty oilfield chemicals market
  • To strategically profile the key players in the specialty oilfield chemicals market and comprehensively analyze their growth strategies

This research study involves extensive use of secondary sources, directories, and databases such as Hoovers, Bloomberg BusinessWeek, and Factiva to identify and collect information useful for this technical, market-oriented, and commercial study on the specialty oilfield chemicals market. Primary sources that have been considered mainly include several industry experts from the core and related industries, and preferred suppliers, manufacturers, distributors, service providers, and organizations related to all segments of the oil & gas industry’s supply chain. After arriving at the overall market size, the total market has been split into several segments and subsegments. The figure below illustrates the breakdown of the primary interviews based on company type, designation, and region conducted during this research study on the specialty oilfield chemicals market:

Specialty Oilfield Chemicals Market

To know about the assumptions considered for the study, download the pdf brochure

The value chain of specialty oilfield chemicals includes manufacturers of specialty oilfield chemicals such as BASF (Germany), Ecolab (US), Clariant (US), DowDuPont (US), Solvay (Belgium), and Schlumberger (US) that manufacture different types of specialty oilfield chemicals such as demulsifiers, inhibitors & scavengers, rheology modifiers, friction reducers, specialty surfactants, specialty biocides, pour-point depressants, and others. These chemicals are used in the production, well stimulation, drilling fluids, workover & completion, Enhanced Oil Recovery (EOR), and cementing applications in the upstream oil & gas industry.

Target audiences for the specialty oilfield chemicals market report are as follows:

  • Producers of Specialty Oilfield Chemicals
  • Suppliers of Specialty Oilfield Chemicals
  • Chemical Formulators
  • Distributors
  • Service Providers
  • Oil & Gas End Users
  • Government Bodies

Scope of the Report

This report categorizes the specialty oilfield chemicals market based on type, application, and region.

Specialty Oilfield Chemicals Market, by Type:

  • Demulsifiers
  • Inhibitors & Scavengers
  • Rheology Modifiers
  • Friction Reducers
  • Specialty Surfactants
  • Specialty Biocides
  • Pour-point Depressants
  • Others

Specialty Oilfield Chemicals Market, by Application:

  • Production
  • Well Stimulation
  • Drilling Fluids
  • Workover & Completion
  • Enhanced Oil Recovery (EOR)
  • Cementing

Specialty Oilfield Chemicals Market, by Region:

  • North America
  • Middle East & Africa
  • Former Soviet Union (FSU)
  • Asia Pacific
  • South America
  • Europe

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the specific needs of companies. The following customization options are available for the report:

Regional Analysis

  • A further breakdown of the regional specialty oilfield chemicals market to the country level with additional applications and/or types

Country Information

  • Additional country information (up to 3)

Company Information

  • Detailed analysis and profiles of additional market players (up to 5)

The specialty oilfield chemicals market is projected to grow from USD 11.36 Billion in 2018 to USD 13.88 Billion by 2023, at a CAGR of 4.1% from 2018 to 2023. The use of specialty oilfield chemicals helps oilfield companies achieve maximum productivity from oilfields to cater to the growing energy requirements of consumers. Advanced techniques used in horizontal drilling and hydraulic fracturing are making drilling and extraction of oil from unconventional shale reserves possible. The increase in fracking and horizontal drilling, especially, in the North American region has been fueling the demand for specialty chemicals in the region. The increased exploration activities for shale oil using fracking technique provide immense opportunities for the growth of the specialty oilfield chemicals market across the globe.

The specialty oilfield chemicals market has been classified based on type into demulsifiers, inhibitors & scavengers, rheology modifiers, friction reducers, specialty surfactants, specialty biocides, pour-point depressants, and others. Among types, the specialty biocides segment of the market is projected to grow at the highest CAGR during the forecast period, in terms of value. Oilfields are normally affected by the redundant microbial growth during various stages such as drilling of oil wells, their stimulation, construction of facilities, and during oil production. Biocides are used either to completely eliminate or control the microbial growth in oilfields. They are used to maintain and optimize oil & gas production from reservoirs by reducing the downtime caused by corrosion. These chemicals are also used to clean oil wells and the surface equipment.

Based on application, the specialty oilfield chemicals market has been segmented into production, well stimulation, drilling fluids, workover & completion, Enhanced Oil Recovery (EOR), and cementing. The production application segment is projected to lead the specialty oilfield chemicals market during the forecast period, in terms of value. The production of crude oil has increased in the recent years in countries such as the US and Saudi Arabia. Thus, the continuous increase in the production of crude oil is expected to boost the demand for specialty oilfield chemicals during the forecast period. The production application is also projected to grow at the highest CAGR between 2018 and 2023, in terms of value.

The North American region is the largest consumer of specialty oilfield chemicals across the globe. The North America specialty oilfield chemicals market is projected to grow at the highest CAGR between 2018 and 2023, in terms of value. The growth of the North America specialty oilfield chemicals market can be attributed to the presence of various key producers of specialty oilfield chemicals in the region and increased exploration activities for shale gas & oil reserves. The US is witnessing increased demand for specialty oilfield chemicals, which is projected to continue in the future as well. The increasing consumption of the well stimulation chemicals has a significant impact on the exploration activities of shale oil & gas in the North American region.

Specialty Oilfield Chemicals Market

The major factor restraining the growth of the specialty oilfield chemicals market is the declining crude oil prices and ongoing geopolitical issues in the Middle East.

Some of the key players operating in the specialty oilfield chemicals market are BASF (Germany), Ecolab (US), Clariant (US), DowDuPont (US), Solvay (Belgium), Schlumberger (US), AkzoNobel (Netherlands), Halliburton (US), and Baker Hughes (US). Competition among these players is high, and they mostly compete with each other on the prices and quality of their products, after sale services, and customized products, among others.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 13)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 16)
    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 Primary Interviews
    2.2 Market Size Estimation
           2.2.1 Market Size Estimation: Top-Down Approach
           2.2.2 Market Size Estimation: Bottom-Up Approach
    2.3 Data Triangulation
           2.3.1 Assumptions

3 Executive Summary (Page No. - 24)

4 Premium Insights (Page No. - 28)
    4.1 Attractive Opportunities in the Specialty Oilfield Chemicals Market
    4.2 Specialty Oilfield Chemicals Market, By Type
    4.3 Specialty Oilfield Chemicals Market in North America, By Application and Country
    4.4 Specialty Oilfield Chemicals Market, Developed vs Developing Economies

5 Market Overview (Page No. - 30)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Increasing Crude Oil Production
           5.2.2 Restraints
                    5.2.2.1 Declining Crude Oil Prices
                    5.2.2.2 Geopolitical Issues in the Middle East
           5.2.3 Opportunities
                    5.2.3.1 Discovery of New Oilfields
           5.2.4 Challenges
                    5.2.4.1 Stringent Environmental Regulations
    5.3 Porter’s Five Forces Analysis
           5.3.1 Bargaining Power of Suppliers
           5.3.2 Threat of New Entrants
           5.3.3 Threat of Substitutes
           5.3.4 Bargaining Power of Buyers
           5.3.5 Intensity of Competitive Rivalry
    5.4 Macroeconomic Indicators
           5.4.1 Introduction
           5.4.2 Trends and Forecasts of GDP
           5.4.3 Trends of Production & Drilling
                    5.4.3.1 Oil Production (Thousand Barrels Daily)
                    5.4.3.2 Oil & Gas Wells Drilled, By Region

6 Specialty Oilfield Chemicals Market, By Type (Page No. - 40)
    6.1 Introduction
    6.2 Demulsifiers
    6.3 Inhibitors & Scavengers
    6.4 Rheology Modifiers
    6.5 Friction Reducers
    6.6 Specialty Biocides
    6.7 Specialty Surfactants
    6.8 Pour Point Depressants
    6.9 Others

7 Specialty Oilfield Chemicals Market, By Application (Page No. - 51)
    7.1 Introduction
    7.2 Production
    7.3 Well Stimulation
    7.4 Drilling Fluids
    7.5 Enhanced Oil Recovery (EOR)
    7.6 Cementing
    7.7 Workover & Completion

8 Specialty Oilfield Chemicals Market, By Region (Page No. - 59)
    8.1 Introduction
    8.2 North America
           8.2.1 Us
           8.2.2 Canada
           8.2.3 Mexico
    8.3 Middle East & Africa
           8.3.1 Saudi Arabia
           8.3.2 Iran
           8.3.3 Iraq
           8.3.4 UAE
           8.3.5 Nigeria
           8.3.6 Rest of Middle East & Africa
    8.4 Former Soviet Union (FSU)
           8.4.1 Russia
           8.4.2 Kazakhstan
           8.4.3 Rest of FSU
    8.5 APAC
           8.5.1 China
           8.5.2 Indonesia
           8.5.3 India
           8.5.4 Malaysia
           8.5.5 Thailand
           8.5.6 Rest of APAC
    8.6 South America
           8.6.1 Venezuela
           8.6.2 Brazil
           8.6.3 Rest of South America
    8.7 Europe
           8.7.1 Norway
           8.7.2 Uk
           8.7.3 Netherlands
           8.7.4 Rest of Europe

9 Competitive Landscape (Page No. - 98)
    9.1 Overview
    9.2 Market Ranking Analysis
    9.3 Competitive Scenario
           9.3.1 Expansions
           9.3.2 Acquisitions
           9.3.3 Agreements & Joint Ventures
           9.3.4 New Product Launches

10 Company Profiles (Page No. - 103)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
     10.1 BASF
     10.2 Ecolab
     10.3 Clariant
     10.4 Dowdupont
     10.5 Solvay
     10.6 Schlumberger
     10.7 Akzonobel
     10.8 Halliburton
     10.9 Baker Hughes
     10.10 Kemira
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.
     10.11 Additional Company Profiles
             10.11.1 Huntsman
             10.11.2 Croda
             10.11.3 Albemarle
             10.11.4 Chevron Philips Chemical Company
             10.11.5 Innospec
             10.11.6 National Oilwell Varco
             10.11.7 Geo Specialty Chemicals
             10.11.8 Kraton
             10.11.9 Thermax
             10.11.10 Oleon
             10.11.11 RoEmex
             10.11.12 Ashland
             10.11.13 Purechem Energy Services
             10.11.14 Stepan Company
             10.11.15 Elementis

11 Appendix (Page No. - 134)
     11.1 Insights From Industry Experts
     11.2 Discussion Guide
     11.3 Knowledge Store: Marketsandmarkets Subscription Portal
     11.4 Introducing RT: Real-Time Market Intelligence
     11.5 Available Customizations
     11.6 Related Reports
     11.7 Author Details


List of Tables (65 Tables)

Table 1 Trends and Forecast of Per Capita GDP (USD)
Table 2 Specialty Oilfield Chemicals Market Size, By Type, 2016–2023 (USD Million)
Table 3 Demulsifiers Market Size for Specialty Oilfield Chemicals, By Region, 2016–2023 (USD Million)
Table 4 Inhibitors & Scavengers Market Size for Specialty Oilfield Chemicals, By Region, 2016–2023 (USD Million)
Table 5 Rheology Modifiers Market Size for Specialty Oilfield Chemicals, By Region, 2016–2023 (USD Million)
Table 6 Friction Reducers Market Size for Specialty Oilfield Chemicals, By Region, 2016–2023 (USD Million)
Table 7 Specialty Biocides Market Size for Specialty Oilfield Chemicals, By Region, 2016–2023 (USD Million)
Table 8 Specialty Surfactants Market Size for Specialty Oilfield Chemicals, By Region, 2016–2023 (USD Million)
Table 9 Pour Point Depressants Market Size for Specialty Oilfield Chemicals, By Region, 2016–2023 (USD Million)
Table 10 Other Specialty Oilfield Chemicals Market Size, By Region, 2016–2023 (USD Million)
Table 11 Specialty Oilfield Chemicals Market Size, By Application, 2016–2023 (USD Million)
Table 12 Specialty Oilfield Chemicals Market Size in Production, By Region, 2016–2023 (USD Million)
Table 13 Specialty Oilfield Chemicals Market Size in Well Stimulation, By Region, 2016–2023 (USD Million)
Table 14 Specialty Oilfield Chemicals Market Size in Drilling Fluids, By Region, 2016–2023 (USD Million)
Table 15 Specialty Oilfield Chemicals Market Size in EOR, By Region, 2016–2023 (USD Million)
Table 16 Specialty Oilfield Chemicals Market Size in Cementing, By Region, 2016–2023 (USD Million)
Table 17 Specialty Oilfield Chemicals Market Size in Workover & Completion, By Region, 2016–2023 (USD Million)
Table 18 Specialty Oilfield Chemicals Market Size, By Region, 2016–2023 (USD Million)
Table 19 North America: Specialty Oilfield Chemicals Market Size, By Country, 2016–2023 (USD Million)
Table 20 North America: Specialty Oilfield Chemicals Market Size, By Type, 2016–2023 (USD Million)
Table 21 North America: Specialty Oilfield Chemicals Market Size, By Application, 2016–2023 (USD Million)
Table 22 US: Specialty Oilfield Chemicals Market Size, By Application, 2016–2023 (USD Million)
Table 23 Canada: Specialty Oilfield Chemicals Market Size, By Application, 2016–2023 (USD Million)
Table 24 Mexico: Specialty Oilfield Chemicals Market Size, By Application, 2016–2023 (USD Million)
Table 25 Middle East & Africa: Specialty Oilfield Chemicals Market Size, By Country, 2016–2023 (USD Million)
Table 26 Middle East & Africa: Specialty Oilfield Chemicals Market Size, By Type, 2016–2023 (USD Million)
Table 27 Middle East & Africa: Specialty Oilfield Chemicals Market Size, By Application, 2016–2023 (USD Million)
Table 28 Saudi Arabia: Specialty Oilfield Chemicals Market Size, By Application, 2016–2023 (USD Million)
Table 29 Iran: Specialty Oilfield Chemicals Market Size, By Application, 2016–2023 (USD Million)
Table 30 Iraq: Specialty Oilfield Chemicals Market Size, By Application, 2016–2023 (USD Million)
Table 31 UAE: Specialty Oilfield Chemicals Market Size, By Application, 2016–2023 (USD Million)
Table 32 Nigeria: Specialty Oilfield Chemicals Market Size, By Application, 2016–2023 (USD Million)
Table 33 Rest of Middle East & Africa: Specialty Oilfield Chemicals Market Size, By Application, 2016–2023 (USD Million)
Table 34 FSU: Specialty Oilfield Chemicals Market Size, By Country, 2016–2023 (USD Million)
Table 35 FSU: Specialty Oilfield Chemicals Market Size, By Type, 2016–2023 (USD Million)
Table 36 FSU: Specialty Oilfield Chemicals Market Size, By Application, 2016–2023 (USD Million)
Table 37 Russia: Specialty Oilfield Chemicals Market Size, By Application, 2016–2023 (USD Million)
Table 38 Kazakhstan: Specialty Oilfield Chemicals Market Size, By Application, 2016–2023 (USD Million)
Table 39 Rest of FSU: Specialty Oilfield Chemicals Market Size, By Application, 2016–2023 (USD Million)
Table 40 APAC: Specialty Oilfield Chemicals Market Size, By Country, 2016–2023 (USD Million)
Table 41 APAC: Specialty Oilfield Chemicals Market Size, By Type, 2016–2023 (USD Million)
Table 42 APAC: Specialty Oilfield Chemicals Market Size, By Application, 2016–2023 (USD Million)
Table 43 China: Specialty Oilfield Chemicals Market Size, By Application, 2016–2023 (USD Million)
Table 44 Indonesia: Specialty Oilfield Chemicals Market Size, By Application, 2016–2023 (USD Million)
Table 45 India: Specialty Oilfield Chemicals Market Size, By Application, 2016–2023 (USD Million)
Table 46 Malaysia: Specialty Oilfield Chemicals Market Size, By Application, 2016–2023 (USD Million)
Table 47 Thailand: Specialty Oilfield Chemicals Market Size, By Application, 2016–2023 (USD Million)
Table 48 Rest of APAC: Specialty Oilfield Chemicals Market Size, By Application, 2016–2023 (USD Million)
Table 49 South America: Specialty Oilfield Chemicals Market Size, By Country, 2016–2023 (USD Million)
Table 50 South America: Specialty Oilfield Chemicals Market Size, By Type, 2016–2023 (USD Million)
Table 51 South America: Specialty Oilfield Chemicals Market Size, By Application, 2016–2023 (USD Million)
Table 52 Venezuela: Specialty Oilfield Chemicals Market Size, By Application, 2016–2023 (USD Million)
Table 53 Brazil: Specialty Oilfield Chemicals Market Size, By Application, 2016–2023 (USD Million)
Table 54 Rest of South America: Specialty Oilfield Chemicals Market Size, By Application, 2016–2023 (USD Million)
Table 55 Europe: Specialty Oilfield Chemicals Market Size, By Country, 2016–2023 (USD Million)
Table 56 Europe: Specialty Oilfield Chemicals Market Size, By Type, 2016–2023 (USD Million)
Table 57 Europe: Specialty Oilfield Chemicals Market Size, By Type, 2016–2023 (USD Million)
Table 58 Norway: Specialty Oilfield Chemicals Market Size, By Application, 2016–2023 (USD Million)
Table 59 UK: Specialty Oilfield Chemicals Market Size, By Application, 2016–2023 (USD Million)
Table 60 Netherlands: Specialty Oilfield Chemicals Market Size, By Application, 2016–2023 (USD Million)
Table 61 Rest of Europe: Specialty Oilfield Chemicals Market Size, By Application, 2016–2023 (USD Million)
Table 62 Expansions, 2013–2017
Table 63 Acquisitions, 2013–2017
Table 64 Agreements & Joint Ventures, 2013–2017
Table 65 New Product Launches, 2013–2017


List of Figures (36 Figures)

Figure 1 Specialty Oilfield Chemicals Market Segmentation
Figure 2 Specialty Oilfield Chemicals Market: Research Design
Figure 3 Specialty Oilfield Chemicals Market: Data Triangulation
Figure 4 Demulsifiers to Be the Largest Type of Specialty Oilfield Chemicals
Figure 5 Production to Be the Fastest-Growing Application of Specialty Oilfield Chemicals
Figure 6 North America Dominated the Specialty Oilfield Chemicals Market in 2017
Figure 7 Specialty Oilfield Chemicals Market to Grow Considerably Between 2018 and 2023
Figure 8 Demulsifiers to Be the Largest Type
Figure 9 Production Was the Largest Application in North America
Figure 10 Specialty Oilfield Chemicals Market to Register High Growth in the Us
Figure 11 Factors Governing the Specialty Oilfield Chemicals Market
Figure 12 Specialty Oilfield Chemicals Market: Porter’s Five Forces Analysis
Figure 13 Specialty Biocides to Be the Fastest-Growing Type of Specialty Oilfield Chemicals
Figure 14 Middle East & Africa to Be the Largest Market for Specialty Oilfield Chemicals in the Demulsifiers Type Segment
Figure 15 Production to Be the Largest Application of Specialty Oilfield Chemicals
Figure 16 Production to Be the Largest Application of Specialty Oilfield Chemicals in APAC
Figure 17 Regional Snapshot: Specialty Oilfield Chemicals Market
Figure 18 North America: Specialty Oilfield Chemicals Market Snapshot
Figure 19 Middle East & Africa: Specialty Oilfield Chemicals Market Snapshot
Figure 20 FSU: Specialty Oilfield Chemicals Market Snapshot
Figure 21 APAC: Specialty Oilfield Chemicals Market Snapshot
Figure 22 South America: Specialty Oilfield Chemicals Market Snapshot
Figure 23 Europe: Specialty Oilfield Chemicals Market Snapshot
Figure 24 Companies Primarily Adopted Expansions as the Key Growth Strategy Between 2013 and 2017
Figure 25 Specialty Oilfield Chemicals Market Ranking, 2017
Figure 26 BASF: Company Snapshot
Figure 27 BASF: SWOT Analysis
Figure 28 Ecolab: Company Snapshot
Figure 29 Clariant: Company Snapshot
Figure 30 Dowdupont: Company Snapshot
Figure 31 Solvay: Company Snapshot
Figure 32 Schlumberger: Company Snapshot
Figure 33 Akzonobel: Company Snapshot
Figure 34 Halliburton: Company Snapshot
Figure 35 Baker Hughes: Company Snapshot
Figure 36 Kemira: Company Snapshot


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