Oilfield Chemicals Market - Global Industry Insights, Trends, Outlook

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Oilfield Chemicals Market-Global Industry
Insights, Trends, Outlook, and Opportunity
Analysis, 2016-2024
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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

• 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
• Others

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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

• 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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