Market Overview:
The global oilfield chemicals market reached a value of US$ 21.91 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 29.39 Billion by 2027, exhibiting a CAGR of 4.80% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Oilfield chemicals refer to chemical compounds that are a sub-category of specialty chemicals constituting petroleum sulfonate, Fe-Cr lignosulfonate, anionic polyacrylamide, and xanthan gum. Designed to improve the efficiency and efficacy of various on-site oilfield activities, they are extensively used in production, drilling, completion, extraction, and refining applications. These chemicals minimize the amount of water injected into oil wells during exploration and drilling to prevent the production of metal scales. Thus, they help maintain a smooth-running oilfield at lower costs due to minimal stoppages or delays during the drilling process. Some of the different types of oilfield chemicals include biocides, demulsifiers, polymers, corrosion and scale inhibitors, and surfactants. As a result, these chemicals are extensively used in drilling and cementing, well stimulation, and enhanced oil recovery.
Oilfield Chemicals Market Trends:
The market is primarily driven by the rising demand for petroleum and petroleum-based fuels in the automotive industry. This demand is further supported by the widespread adoption of shale gas in numerous industry verticals, thereby providing an overall boost to the market. In line with this, a considerable rise in oil production and exploration operations in deep-water drilling operations is providing an impetus to the market growth. Apart from this, the growing demand for energy across the world, coupled with the significant increase in crude oil production, is propelling the growth of the specialty oilfield chemical market. Other factors, such as the rising global population, extensive research and development (R&D) activities conducted by numerous key players and the increasing investments by the governments of several countries to improve the overall oil and gas infrastructure, are also contributing to the market growth across the globe.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global oilfield chemicals market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product, location and application.
Breakup by Product:
- Inhibitors
- Demulsifiers
- Rheology Modifiers
- Friction Reducers
- Biocides
- Surfactants
- Foamers
- Others
Breakup by Location:
Breakup by Application:
- Drilling Fluid
- Production Chemicals
- Cementing
- Workover and Completion
Breakup by Region:
- North America
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Albemarle Corporation, Ashland, Baker Hughes Company, BASF SE, CES Energy Solutions Corp., ChampionX Corporation, Chevron Phillips Chemical Company, Clariant AG, Halliburton, Huntsman International LLC, Kemira Oyj, Stepan Company, The Dow Chemical Company and The Lubrizol Corporation.
Report Coverage:
| Report Features |
Details |
|---|
| Base Year of the Analysis |
2021 |
| Historical Period |
2016-2021 |
| Forecast Period |
2022-2027 |
| Units |
US$ Billion |
| Segment Coverage |
Product, Location, Application, Region |
| Region Covered |
Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered |
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered |
Albemarle Corporation, Ashland, Baker Hughes Company, BASF SE, CES Energy Solutions Corp., ChampionX Corporation, Chevron Phillips Chemical Company, Clariant AG, Halliburton, Huntsman International LLC, Kemira Oyj, Stepan Company, The Dow Chemical Company and The Lubrizol Corporation. |
| Customization Scope |
10% Free Customization |
| Report Price and Purchase Option |
Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499 |
| Post-Sale Analyst Support |
10-12 Weeks |
| Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
- How has the global oilfield chemicals market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global oilfield chemicals market?
- What are the key regional markets?
- What is the breakup of the market based on the product?
- What is the breakup of the market based on the location?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global oilfield chemicals market and who are the key players?
- What is the degree of competition in the industry?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Oilfield Chemicals Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Product
6.1 Inhibitors
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Demulsifiers
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Rheology Modifiers
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Friction Reducers
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Biocides
6.5.1 Market Trends
6.5.2 Market Forecast
6.6 Surfactants
6.6.1 Market Trends
6.6.2 Market Forecast
6.7 Foamers
6.7.1 Market Trends
6.7.2 Market Forecast
6.8 Others
6.8.1 Market Trends
6.8.2 Market Forecast
7 Market Breakup by Location
7.1 Onshore
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Offshore
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Application
8.1 Drilling Fluid
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Production Chemicals
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Cementing
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Workover and Completion
8.4.1 Market Trends
8.4.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Albemarle Corporation
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 Financials
14.3.1.4 SWOT Analysis
14.3.2 Ashland
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 Financials
14.3.2.4 SWOT Analysis
14.3.3 Baker Hughes Company
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Financials
14.3.3.4 SWOT Analysis
14.3.4 BASF SE
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 Financials
14.3.4.4 SWOT Analysis
14.3.5 CES Energy Solutions Corp.
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 Financials
14.3.5.4 SWOT Analysis
14.3.6 ChampionX Corporation
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 Financials
14.3.6.4 SWOT Analysis
14.3.7 Chevron Phillips Chemical Company
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.7.3 SWOT Analysis
14.3.8 Clariant AG
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.8.3 Financials
14.3.9 Halliburton
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.9.3 Financials
14.3.9.4 SWOT Analysis
14.3.10 Huntsman International LLC
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.11 Kemira Oyj
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.11.3 Financials
14.3.11.4 SWOT Analysis
14.3.12 Stepan Company
14.3.12.1 Company Overview
14.3.12.2 Product Portfolio
14.3.12.3 Financials
14.3.12.4 SWOT Analysis
14.3.13 The Dow Chemical Company
14.3.13.1 Company Overview
14.3.13.2 Product Portfolio
14.3.14 The Lubrizol Corporation
14.3.14.1 Company Overview
14.3.14.2 Product Portfolio
14.3.14.3 SWOT Analysis
List of Figures
Figure 1: Global: Oilfield Chemicals Market: Major Drivers and Challenges
Figure 2: Global: Oilfield Chemicals Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Oilfield Chemicals Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Oilfield Chemicals Market: Breakup by Product (in %), 2021
Figure 5: Global: Oilfield Chemicals Market: Breakup by Location (in %), 2021
Figure 6: Global: Oilfield Chemicals Market: Breakup by Application (in %), 2021
Figure 7: Global: Oilfield Chemicals Market: Breakup by Region (in %), 2021
Figure 8: Global: Oilfield Chemicals (Inhibitors) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Oilfield Chemicals (Inhibitors) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Oilfield Chemicals (Demulsifiers) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Oilfield Chemicals (Demulsifiers) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Oilfield Chemicals (Rheology Modifiers) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Oilfield Chemicals (Rheology Modifiers) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Oilfield Chemicals (Friction Reducers) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Oilfield Chemicals (Friction Reducers) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Oilfield Chemicals (Biocides) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Oilfield Chemicals (Biocides) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Oilfield Chemicals (Surfactants) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Oilfield Chemicals (Surfactants) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Oilfield Chemicals (Foamers) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Oilfield Chemicals (Foamers) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Oilfield Chemicals (Other Products) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Oilfield Chemicals (Other Products) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Oilfield Chemicals (Onshore) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Oilfield Chemicals (Onshore) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Oilfield Chemicals (Offshore) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Oilfield Chemicals (Offshore) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Oilfield Chemicals (Drilling Fluid) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Oilfield Chemicals (Drilling Fluid) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Global: Oilfield Chemicals (Production Chemicals) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Global: Oilfield Chemicals (Production Chemicals) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Global: Oilfield Chemicals (Cementing) Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Global: Oilfield Chemicals (Cementing) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Global: Oilfield Chemicals (Workover and Completion) Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Global: Oilfield Chemicals (Workover and Completion) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: North America: Oilfield Chemicals Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: North America: Oilfield Chemicals Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: United States: Oilfield Chemicals Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: United States: Oilfield Chemicals Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Canada: Oilfield Chemicals Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Canada: Oilfield Chemicals Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Asia-Pacific: Oilfield Chemicals Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Asia-Pacific: Oilfield Chemicals Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: China: Oilfield Chemicals Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: China: Oilfield Chemicals Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Japan: Oilfield Chemicals Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Japan: Oilfield Chemicals Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: India: Oilfield Chemicals Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: India: Oilfield Chemicals Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: South Korea: Oilfield Chemicals Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: South Korea: Oilfield Chemicals Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Australia: Oilfield Chemicals Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Australia: Oilfield Chemicals Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Indonesia: Oilfield Chemicals Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Indonesia: Oilfield Chemicals Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Others: Oilfield Chemicals Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Others: Oilfield Chemicals Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Europe: Oilfield Chemicals Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Europe: Oilfield Chemicals Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Germany: Oilfield Chemicals Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Germany: Oilfield Chemicals Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: France: Oilfield Chemicals Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: France: Oilfield Chemicals Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: United Kingdom: Oilfield Chemicals Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: United Kingdom: Oilfield Chemicals Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Italy: Oilfield Chemicals Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Italy: Oilfield Chemicals Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Spain: Oilfield Chemicals Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Spain: Oilfield Chemicals Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Russia: Oilfield Chemicals Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Russia: Oilfield Chemicals Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Others: Oilfield Chemicals Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Others: Oilfield Chemicals Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Latin America: Oilfield Chemicals Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Latin America: Oilfield Chemicals Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: Brazil: Oilfield Chemicals Market: Sales Value (in Million US$), 2016 & 2021
Figure 77: Brazil: Oilfield Chemicals Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 78: Mexico: Oilfield Chemicals Market: Sales Value (in Million US$), 2016 & 2021
Figure 79: Mexico: Oilfield Chemicals Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 80: Others: Oilfield Chemicals Market: Sales Value (in Million US$), 2016 & 2021
Figure 81: Others: Oilfield Chemicals Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 82: Middle East and Africa: Oilfield Chemicals Market: Sales Value (in Million US$), 2016 & 2021
Figure 83: Middle East and Africa: Oilfield Chemicals Market: Breakup by Country (in %), 2021
Figure 84: Middle East and Africa: Oilfield Chemicals Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 85: Global: Oilfield Chemicals Industry: SWOT Analysis
Figure 86: Global: Oilfield Chemicals Industry: Value Chain Analysis
Figure 87: Global: Oilfield Chemicals Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Oilfield Chemicals Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Oilfield Chemicals Market Forecast: Breakup by Product (in Million US$), 2022-2027
Table 3: Global: Oilfield Chemicals Market Forecast: Breakup by Location (in Million US$), 2022-2027
Table 4: Global: Oilfield Chemicals Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 5: Global: Oilfield Chemicals Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Oilfield Chemicals Market: Competitive Structure
Table 7: Global: Oilfield Chemicals Market: Key Players