Specialty Oilfield Chemicals Market Research Report – Forecast to 2030

Global Specialty Oilfield Chemicals Market: Information by Application (Drilling, Cementing, Production, EOR), Type (Demulsifier, Deoiler, Biocide, Dewatering Additive, Fluid Loss Additive, Corrosion Inhibitor, Other), and Region—Forecast till 2030

ID: MRFR/CnM/4846-HCR | February 2021 | Region: Global | 100 Pages         

TABLE OF CONTENTS

1 Executive Summary

2 Scope of the Report

2.1 Market Definition

2.2 Scope of the Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

3 Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

4 Market Landscape

4.1 Porter’s Five Forces Analysis

4.1.1 Threat of New Entrants

4.1.2 Bargaining Power of Buyers

4.1.3 Threat of Substitutes

4.1.4 Segment Rivalry

4.2 Value Chain/Supply Chain of Global Specialty Oilfield Chemicals Market

5 Industry Overview of Global Specialty Oilfield Chemicals Market

5.1 Introduction

5.2 Growth Drivers

5.3 Impact Analysis

5.4 Market Challenges

6 Market Trends

6.1 Introduction

6.2 Growth Trends

6.3 Impact Analysis

7. Global Specialty Oilfield Chemicals Market, by Application

7.1 Introduction

7.2 Drilling

7.2.1 Market Estimates & Forecast, 2020–2027

7.2.2 Market Estimates & Forecast by Region, 2020–2027

7.3 Cementing

7.3.1 Market Estimates & Forecast, 2020–2027

7.3.2 Market Estimates & Forecast by Region, 2020–2027

7.4 Production

7.3.1 Market Estimates & Forecast, 2020–2027

7.3.2 Market Estimates & Forecast by Region, 2020–2027

7.5 Enhanced Oil Recovery (EOR)

7.5.1 Market Estimates & Forecast, 2020–2027

7.5.2 Market Estimates & Forecast by Region, 2020–2027

7.6 Stimulation

7.6.1 Market Estimates & Forecast, 2020–2027

7.6.2 Market Estimates & Forecast by Region, 2020–2027

8. Global Specialty Oilfield Chemicals Market, by Type

8.1 Introduction

8.2 Demulsifier

8.2.1 Market Estimates & Forecast, 2020–2027

8.2.2 Market Estimates & Forecast by Region, 2020–2027

8.3 Deoiler

8.3.1 Market Estimates & Forecast, 2020–2027

8.3.2 Market Estimates & Forecast by Region, 2020–2027

8.4 Biocide

8.4.1 Market Estimates & Forecast, 2020–2027

8.4.2 Market Estimates & Forecast by Region, 2020–2027

8.5 Fluid Loss Additive

8.5.1 Market Estimates & Forecast, 2020–2027

8.5.2 Market Estimates & Forecast by Region, 2020–2027

8.6 Corrosion Inhibitor

8.6.1 Market Estimates & Forecast, 2020–2027

8.6.2 Market Estimates & Forecast by Region, 2020–2027

8.7 Scale Inhibitor

8.7.1 Market Estimates & Forecast, 2020–2027

8.7.2 Market Estimates & Forecast by Region, 2020–2027

8.8 Clay Stabilizer

8.8.1 Market Estimates & Forecast, 2020–2027

8.8.2 Market Estimates & Forecast by Region, 2020–2027

8.9 Pour Point Depressant

8.9.1 Market Estimates & Forecast, 2020–2027

8.9.2 Market Estimates & Forecast by Region, 2020–2027

8.10 Others

8.10.1 Market Estimates & Forecast, 2020–2027

8.10.2 Market Estimates & Forecast by Region, 2020–2027

9. Global Specialty Oilfield Chemicals Market, by Region

9.1 Introduction

9.2 North America

9.2.1 Market Estimates & Forecast, 2020–2027

9.2.2 Market Estimates & Forecast by Application, 2020–2027

9.2.3 Market Estimates & Forecast by Type, 2020–2027

9.2.4 US

9.2.4.1 Market Estimates & Forecast, 2020–2027

9.2.4.2 Market Estimates & Forecast by Application, 2020–2027

9.2.4.3 Market Estimates & Forecast by Type, 2020–2027

9.2.5 Canada

9.2.5.1 Market Estimates & Forecast, 2020–2027

9.2.5.2 Market Estimates & Forecast by Application, 2020–2027

9.2.5.3 Market Estimates & Forecast by Type, 2020–2027

9.3 Europe

9.3.1 Market Estimates & Forecast, 2020–2027

9.3.2 Market Estimates & Forecast by Application, 2020–2027

9.3.3 Market Estimates & Forecast by Type, 2020–2027

9.3.4 Germany

9.3.4.1 Market Estimates & Forecast, 2020–2027

9.3.4.2 Market Estimates & Forecast by Application, 2020–2027

9.3.4.3 Market Estimates & Forecast by Type, 2020–2027

9.3.5. France

9.3.5.1 Market Estimates & Forecast, 2020–2027

9.3.5.2 Market Estimates & Forecast by Application, 2020–2027

9.3.5.2 Market Estimates & Forecast by Type, 2020–2027

9.3.6 Italy

9.3.6.1 Market Estimates & Forecast, 2020–2027

9.3.6.2 Market Estimates & Forecast by Application, 2020–2027

9.3.6.2 Market Estimates & Forecast by Type, 2020–2027

9.3.7 Spain

9.3.7.1 Market Estimates & Forecast, 2020–2027

9.3.7.2 Market Estimates & Forecast by Application, 2020–2027

9.3.7.2 Market Estimates & Forecast by Type, 2020–2027

9.3.8 UK

9.3.8.1 Market Estimates & Forecast, 2020–2027

9.3.8.2 Market Estimates & Forecast by Application, 2020–2027

9.3.8.3 Market Estimates & Forecast by Type, 2020–2027

9.3.9 Russia

9.3.9.1 Market Estimates & Forecast, 2020–2027

9.3.9.2 Market Estimates & Forecast by Application, 2020–2027

9.3.9.3 Market Estimates & Forecast by Type, 2020–2027

9.3.10 Poland

9.3.10.1 Market Estimates & Forecast, 2020–2027

9.3.10.2 Market Estimates & Forecast by Application, 2020–2027

9.3.10.3 Market Estimates & Forecast by Type, 2020–2027

9.4 Asia-Pacific

9.4.1 Market Estimates & Forecast, 2020–2027

9.4.2 Market Estimates & Forecast by Application, 2020–2027

9.4.3 Market Estimates & Forecast by Type, 2020–2027

9.4.4 China

9.4.4.1 Market Estimates & Forecast, 2020–2027

9.4.4.2 Market Estimates & Forecast by Application, 2020–2027

9.4.4.3 Market Estimates & Forecast by Type, 2020–2027

9.4.5 India

9.4.4.1 Market Estimates & Forecast, 2020–2027

9.4.4.2 Market Estimates & Forecast by Application, 2020–2027

9.4.4.3 Market Estimates & Forecast by Type, 2020–2027

9.4.6 Japan

9.4.6.1 Market Estimates & Forecast, 2020–2027

9.4.6.2 Market Estimates & Forecast by Application, 2020–2027

9.4.6.3 Market Estimates & Forecast by Type, 2020–2027

9.4.7 Australia

9.4.7.1 Market Estimates & Forecast, 2020–2027

9.4.7.2 Market Estimates & Forecast by Application, 2020–2027

9.4.7.3 Market Estimates & Forecast by Type, 2020–2027

9.4.8 New Zealand

9.4.8.1 Market Estimates & Forecast, 2020–2027

9.4.8.2 Market Estimates & Forecast by Application, 2020–2027

9.4.8.3 Market Estimates & Forecast by Type, 2020–2027

9.4.9 Rest of Asia-Pacific

9.4.9.1 Market Estimates & Forecast, 2020–2027

9.4.9.2 Market Estimates & Forecast by Application, 2020–2027

9.4.9.2 Market Estimates & Forecast by Type, 2020–2027

9.5 Middle East & Africa

9.5.1 Market Estimates & Forecast, 2020–2027

9.5.2 Market Estimates & Forecast by Application, 2020–2027

9.5.3 Market Estimates & Forecast by Type, 2020–2027

9.5.4 Turkey

9.5.4.1 Market Estimates & Forecast, 2020–2027

9.5.4.2 Market Estimates & Forecast by Application, 2020–2027

9.5.4.3 Market Estimates & Forecast by Type, 2020–2027

9.5.5 Israel

9.5.5.1 Market Estimates & Forecast, 2020–2027

9.5.5.2 Market Estimates & Forecast by Application, 2020–2027

9.5.5.3 Market Estimates & Forecast by Type, 2020–2027

9.5.6 North Africa

9.5.6.1 Market Estimates & Forecast, 2020–2027

9.5.6.2 Market Estimates & Forecast by Application, 2020–2027

9.5.6.3 Market Estimates & Forecast by Type, 2020–2027

9.5.7 GCC

9.5.7.1 Market Estimates & Forecast, 2020–2027

9.5.7.2 Market Estimates & Forecast by Application, 2020–2027

9.5.7.3 Market Estimates & Forecast by Type, 2020–2027

9.5.8 Rest of the Middle East & Africa

9.5.8.1 Market Estimates & Forecast, 2020–2027

9.5.8.2 Market Estimates & Forecast by Application, 2020–2027

9.5.8.3 Market Estimates & Forecast by Type, 2020–2027

9.6 Latin America

9.6.1 Market Estimates & Forecast, 2020–2027

9.6.2 Market Estimates & Forecast by Application, 2020–2027

9.6.3 Market Estimates & Forecast by Type, 2020–2027

9.6.4 Brazil

9.6.4.1 Market Estimates & Forecast, 2020–2027

9.6.4.2 Market Estimates & Forecast by Application, 2020–2027

9.6.4.3 Market Estimates & Forecast by Type, 2020–2027

9.6.5 Argentina

9.6.5.1 Market Estimates & Forecast, 2020–2027

9.6.5.2 Market Estimates & Forecast by Application, 2020–2027

9.6.5.3 Market Estimates & Forecast by Type, 2020–2027

9.6.6 Mexico

9.6.6.1 Market Estimates & Forecast, 2020–2027

9.6.6.2 Market Estimates & Forecast by Application, 2020–2027

9.6.6.3 Market Estimates & Forecast by Type, 2020–2027

9.6.7 Rest of Latin America

9.6.7.1 Market Estimates & Forecast, 2020–2027

9.6.7.2 Market Estimates & Forecast by Application, 2020–2027

9.6.7.3 Market Estimates & Forecast by Type, 2020–2027

10. Company Landscape

11. Company Profiles

11.1 BASF SE

11.1.1 Company Overview

11.1.2 Type/Business Segment Overview

11.1.3 Financial Updates

11.1.4 Key Developments

11.2 Solvay

11.2.1 Company Overview

11.2.2 Type/Business Segment Overview

11.2.3 Financial Updates

11.2.4 Key Developments

11.3 Akzo Nobel NV

11.3.1 Company Overview

11.3.2 Type/Business Segment Overview

11.3.3 Financial Updates

11.3.4 Key Developments

11.4 Huntsman International LLC

11.4.1 Company Overview

11.4.2 Type/Business Segment Overview

11.4.3 Financial Updates

11.4.4 Key Developments

11.5 Thermax Global

11.5.1 Company Overview

11.5.2 Type/Business Segment Overview

11.5.3 Financial Updates

11.5.4 Key Developments

11.6 Sadara

11.6.1 Company Overview

11.6.2 Type/Business Segment Overview

11.6.3 Financial Updates

11.6.4 Key Developments

11.7 DowDuPont

11.7.1 Company Overview

11.7.2 Type/Business Segment Overview

11.7.3 Financial Updates

11.7.4 Key Developments

11.8 Shrieve

11.8.1 Company Overview

11.8.2 Type/Business Segment Overview

11.8.3 Financial Updates

11.8.4 Key Developments

11.9 SMC Oilfield Chemicals

11.9.1 Company Overview

11.9.2 Type/Business Segment Overview

11.9.3 Financial Updates

11.9.4 Key Developments

11.10 Roemex Limited

11.10.1 Company Overview

11.10.2 Type/Business Segment Overview

11.10.3 Financial Updates

11.10.4 Key Developments

11.11 KMCO LLC

11.11.1 Company Overview

11.11.2 Type/Business Segment Overview

11.11.3 Financial Updates

11.11.4 Key Developments

11.12 Global Drilling Fluids & Chemicals Limited

11.12.1 Company Overview

11.12.2 Type/Business Segment Overview

11.12.3 Financial Updates

11.12.4 Key Developments

12. Conclusion

LIST OF TABLES

Table 1 World Population in Major Regions (2020–2030)

Table 2 Specialty Oilfield Chemicals Market, by Region, 2020–2027

Table 3 North America: Specialty Oilfield Chemicals Market, by Country, 2020–2027

Table 4 Europe: Specialty Oilfield Chemicals Market, by Country, 2020–2027

Table 5 Asia-Pacific: Specialty Oilfield Chemicals Market, by Country, 2020–2027

Table 6 Middle East & Africa: Specialty Oilfield Chemicals Market, by Country, 2020–2027

Table 7 Latin America: Specialty Oilfield Chemicals Market, by Country, 2020–2027

Table 8 Specialty Oilfield Chemicals Application Market, by Region, 2020–2027

Table 9 North America: Specialty Oilfield Chemicals Application Market, by Country, 2020–2027

Table 10 Europe: Specialty Oilfield Chemicals Application Market, by Country, 2020–2027

Table 11 Asia-Pacific: Specialty Oilfield Chemicals Application Market, by Country, 2020–2027

Table 12 Middle East & Africa: Specialty Oilfield Chemicals Application Market, by Country, 2020–2027

Table 13 Latin America: Specialty Oilfield Chemicals Application Market, by Country, 2020–2027

Table 14 Specialty Oilfield Chemicals Type Market, by Region, 2020–2027

Table 15 North America: Specialty Oilfield Chemicals Type Market, by Country, 2020–2027

Table 16 Europe: Specialty Oilfield Chemicals Type Market, by Country, 2020–2027

Table 17 Asia-Pacific: Specialty Oilfield Chemicals Type Market, by Country, 2020–2027

Table 18 Middle East & Africa: Specialty Oilfield Chemicals Type Market, by Country, 2020–2027

Table 19 Latin America: Specialty Oilfield Chemicals Type Market, by Country, 2020–2027

Table 20 Global Application Market, by Region, 2020–2027

Table 21 Global Type Market, by Region, 2020–2027

Table 22 North America: Specialty Oilfield Chemicals Market, by Country, 2020–2027

Table 23 North America: Specialty Oilfield Chemicals Market, by Application, 2020–2027

Table 24 North America: Specialty Oilfield Chemicals Market, by Type, 2020–2027

Table 25 Europe: Specialty Oilfield Chemicals Market, by Country, 2020–2027

Table 26 Europe: Specialty Oilfield Chemicals Market, by Application, 2020–2027

Table 27 Europe: Specialty Oilfield Chemicals Market, by Type, 2020–2027

Table 28 Asia-Pacific: Specialty Oilfield Chemicals Market, by Country, 2020–2027

Table 29 Asia-Pacific: Specialty Oilfield Chemicals Market, by Application, 2020–2027

Table 30 Asia-Pacific: Specialty Oilfield Chemicals Market, by Type, 2020–2027

Table 31 Middle East & Africa: Specialty Oilfield Chemicals Market, by Country, 2020–2027

Table 32 Middle East & Africa: Specialty Oilfield Chemicals Market, by Application, 2020–2027

Table 33 Middle East & Africa: Specialty Oilfield Chemicals Market, by Type, 2020–2027

Table 34 Latin America: Specialty Oilfield Chemicals Market, by Country, 2020–2027

Table 35 Latin America: Specialty Oilfield Chemicals Market, by Application, 2020–2027

Table 36 Latin America: Specialty Oilfield Chemicals Market, by Type, 2020–2027

LIST OF FIGURES

FIGURE 1 Specialty Oilfield Chemicals Market Segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Porter’s Five Forces Analysis of Specialty Oilfield Chemicals Market

FIGURE 4 Value Chain of Specialty Oilfield Chemicals Market

FIGURE 5 Share of Specialty Oilfield Chemicals Market, by Country, 2020 (%)

FIGURE 6 Specialty Oilfield Chemicals Market, 2020–2027

FIGURE 7 Sub-Segments of Applications

FIGURE 8 Specialty Oilfield Chemicals Market Size, by Application, 2020

FIGURE 9 Share of Specialty Oilfield Chemicals Market, by Application, 2020–2027

FIGURE 10 Sub-Segments of Type

FIGURE 11 Specialty Oilfield Chemicals Market Size, by Type, 2020

FIGURE 12 Share of Specialty Oilfield Chemicals Market, by Type, 2020–2027

Specialty Oilfield Chemicals Market

The global specialty oilfield chemicals market size is expected to reach USD 14.99 Billion in 2030, and register a CAGR of 3.12% during the forecast period (2021-2030).

$14.99 Billion

Market Size


3.12%

CAGR


North America

Dominating Region

2021-2030

Forecast Period

Segmentation

By Application Drilling Cementing Production Eor
By Type Demulsifier Deoiler Biocide Dewatering Additive Fluid Loss Additive Corrosion Inhibitor Other

Key Players

  • BASF SE (Germany)
  • Solvay (Belgium)
  • Akzo Nobel NV (Netherlands)
  • Huntsman International LLC (US)
  • Thermax Global (India)
  • Sadara (Saudi Arabia)
  • DowDuPont (US)
  • Shrieve (US)
  • SMC Oilfield Chemicals (US)
  • Roemex Limited (UK)
  • KMCO LLC (US)
  • Global Drilling Fluids & Chemicals Limited (India)

Drivers

  • Increasing demand for specialty oilfield chemicals in the oil & gas industry
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Specialty Oilfield Chemicals Market Overview


Specialty oilfield chemicals are used to improve the efficiency of oil recovery from oil wells and reduce the environmental impact of the recovery process. They are mainly applicable in the oil & gas industry during drilling, cementing, production, stimulation, and enhanced oil recovery (EOR). Furthermore, these chemicals are used to prevent wax formation in oil, oil-water emulsion, and scaling and corrosion of pipe walls. In addition, these chemicals find application as drilling fluids, fluid loss control additives, gas blocking additives, deoiler, and cement retarders, among others. Apart from this, specialty oil chemicals are used as flocculants and coagulants in process water, waste oil, and oil sludge treatment.  


The increasing demand for specialty oilfield chemicals in the oil & gas industry is expected to propel market growth during the forecast period. These chemicals prevent corrosion and scale formation in pipelines, thus reducing losses. Moreover, they are used for microbial control in oil refining, such as controlling the growth of sulfate-reducing bacteria to minimize the formation of H2S. The varied applications of the chemicals are projected to fuel demand for the product in the years to follow.


The key players operating in this market are adopting various business strategies such as product launches, expansions, joint ventures, agreements, and acquisitions to gain significant market shares. For instance, on 10 July 2015, Solvay inaugurated the expanded oil & gas laboratory at its research and innovation center in Singapore to meet product demand in Asia-Pacific.


Global Specialty Oilfield Chemicals Market Share, by Application, 2017 (%) Specialty Oilfield Chemicals Market Share


Source: MRFR analysis


 Regional Analysis


The global specialty oilfield chemicals market has been segmented into five regions, namely, Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa. North America accounted for the largest share of the global specialty oilfield chemicals market in 2017. This is mainly due to the increased use of these chemicals in the oil & gas industry.


The Middle East & Africa and Asia-Pacific are the other substantial markets for specialty oilfield chemicals. The Middle East & Africa is the second-largest market due to the increasing product demand in major oil-producing countries such as Saudi Arabia, Iran, and Kuwait. Lastly, the markets in Europe and Latin America are expected to witness moderate growth during the forecast period.


Market Segmentation


The global specialty oilfield chemicals market has been segmented on the basis of application, type, and region.


Based on application, the global specialty oilfield chemicals market has been categorized as drilling, cementing, production, enhanced oil recovery (EOR), and stimulation.


Based on type, the global specialty oilfield chemicals market has been divided into demulsifier, deoiler, biocide, fluid loss additive, corrosion inhibitor, scale inhibitor, clay stabilizer, pour point depressant, and others.


The global specialty oilfield chemicals market has been studied with respect to five key regions—Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.


Key Players


Some of the leading players in the global specialty oilfield chemicals market are BASF SE (Germany), Solvay (Belgium), Akzo Nobel NV (Netherlands), Huntsman International LLC (US), Thermax Global (India), Sadara (Saudi Arabia), DowDuPont (US), Shrieve (US), SMC Oilfield Chemicals (US), Roemex Limited (UK), KMCO LLC (US), and Global Drilling Fluids & Chemicals Limited (India).

Industry/ Innovation/ Related News:

February 25, 2020 - FMR LLC (the US), a leading fidelity investments & financial services corporation, announced the boosting of its stake in shares of a US-based specialty chemicals company - Innospec Inc. by 11.4%. Several other large investors also recently added their stakes in the stock. For instance, Tower Research Capital LLC TRC raised its stake in Innospec by 63.5%.


Intended Audience



  • Specialty oilfield chemicals manufacturers

  • Traders and distributors of specialty oilfield chemicals

  • Research and development institutes

  • Potential investors

  • Raw material suppliers

  • Nationalized laboratories

Report Scope:
Report Attribute/Metric Details
  Market Size   2030: Significant Value
  CAGR   2030: Substantial CAGR
  Base Year   2019
  Forecast Period   2020-2030
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Application, Type
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   BASF SE (Germany), Solvay (Belgium), Akzo Nobel NV (Netherlands), Huntsman International LLC (US), Thermax Global (India), Sadara (Saudi Arabia), DowDuPont (US), Shrieve (US), SMC Oilfield Chemicals (US), Roemex Limited (UK), KMCO LLC (US), and Global Drilling Fluids & Chemicals Limited (India).
  Key Market Opportunities   New product launches and R&D Amongst major key Players
  Key Market Drivers   increasing demand for specialty oilfield chemicals in the oil & gas industry


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Frequently Asked Questions (FAQ) :

Specialty oilfield chemicals used during oil recovery to improve the process and reduce the environmental impact of the recovery process.

Rise in the oil & gas industry.

North America holds the largest share in the global specialty oilfield chemicals market followed by the Middle East & Africa and Asia Pacific, respectively.

Solvay (Belgium), BASF SE (Germany), Akzo Nobel NV (Netherlands), Thermax Global (India), Huntsman International LLC (US), Sadara (Saudi Arabia), Shrieve (US), DowDuPont (US), SMC Oilfield Chemicals (US), KMCO LLC (US), Roemex Limited (UK), and Global Drilling Fluids & Chemicals Limited (India), are some of the leading players in the global specialty oilfield chemicals market.

Strategic initiatives such as mergers & acquisitions, collaborations, expansion, and technology/ product launch are some of the growth strategies that players operating in the global oilfield chemicals market adopt to gain a larger competitive advantage.