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Oilfield Chemicals Market report categorizes global market by Type of Oilfield Chemicals, and method of Application - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2016-2024

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oilfield chemicals market global industry

Oilfield Chemicals Market-Global

Industry Insights, Trends,

Outlook, and Opportunity

Analysis, 2016-2024

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report description

REPORT DESCRIPTION

 Oilfield chemicals find major application in the exploration of natural gas and at various levels of oil &

gas production process. Oilfield chemicals are used as corrosion inhibitors, emulsion breakers,

cementing super plasticizers, paraffin dispersants, and drilling additives, among others. Oilfield

chemicals market continues to witness strong growth as it has led to cost-effective extraction,

exploration, and production of oil and natural gas. Oilfield chemicals are regarded as the essential

fossil fuel elements as it helps in a feasible way of drilling reservoirs of gas or oil in various terrains

along with the easy extraction of abundant fossil fuels until the amount of recovered fuel becomes too

expensive to continue.

 With the increase in dependency on oil & gas industries, owing to increased domestic oil consumption,

upsurge in vehicle parc, growing attention towards building deep sea oil reserves, increased usage of

diesel for irrigation purposes due to the weather fluctuations and irregularities of monsoon along with

rising air traffic are expected to fuel growth of the global oilfield chemicals market. Oilfield chemicals

find major application in drilling activities, owing to increasing need to improve and enhance the

efficiency and productivity of drilling operations. For instance, oilfield chemicals are highly used in

ensuring protection of the drilling equipment and pipes from corrosion by segregating the oil and

water from oil which usually blend together.

  

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oilfield chemicals market taxonomy

Oilfield Chemicals Market Taxonomy

By Type of Oilfield Chemicals

On the basis of type of agent, the global market is classified as:

Specialty Surfactants

Demulsifiers

Rheology Modifiers

Inhibitors & Scavengers

Friction Reducers

Gellants & Viscosifiers

Specialty Biocides

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Others

market segmentation

Market Segmentation

Most of the oil produced in oilfields has excessive amount of water,

which blends in with oil which can lead to corrosion. With an aim to

reduce corrosion of pipelines, oil is separated from water through the

usage of demulsifiers. Pipeline corrosion in oilfield lead to inefficiency of

the oil production. Therefore, corrosion inhibitors are used which work

in reaction with corrosion agents such as oxygen to inactivate them.

Demulsifiers and corrosion inhibitors are very essential in oilfields as

they protect the drilling equipment, containers and pipelines from

damages, leakages, and corrosions.

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key strategies

Key Strategies

 Oilfield Chemicals Market Outlook - North America is expected to be the most lucrative

region for key players

 The regional coverage for global oilfield chemicals market include North America, Europe, Asia

Pacific and Rest of the World. Rapid growth in the gas and oil production activities in North

America represents the highest market share for oilfield chemicals industry. Exploration and

production activity has surged 12% and as reported by The North Dakota Industrial Commission

since OPEC's agreement, oil and gas operators will be shifting from running minimum number of

rigs to incremental increases throughout 2017, so long as oil prices remain above US$ 50 per

barrel.

 Major players operating in the global oilfield chemical market include Baker Hughes, Akzo Nobel

NV, Elementis Plc., NALCO Champion, Newpak Resources Inc., The Lubrizol Corporation,

Halliburton Company, Solvay SA and others.

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about coherent market insights

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