#Oilfield Stimulation Chemicals Market Share

[pearlsmith25]

Oilfield Stimulation Chemicals Market Sustainability: Balancing Economic Growth with Environmental Responsibility

Oilfield stimulation chemicals are used to enhance oil and natural gas production from unconventional reservoirs. They help in maximizing the production potential of the reservoir by improving flow to the wellbore. Some key oilfield stimulation chemicals and their uses include gels and surfactants that are used to transport proppants into fractures, breakers that dissolve the gel and allow hydrocarbons to flow after fracturing, acids used to dissolve minerals in the rocks to increase permeability, and corrosion and scale inhibitors employed to protect production equipment.

The global oilfield stimulation chemicals market is estimated to be valued at US$ 4.27 billion in 2024 and is expected to exhibit a CAGR of 3.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Opportunity: Increased usage in unconventional oil and gas extraction is expected to drive the growth of the oilfield stimulation chemicals market over the forecast period. Around 90% of new oil and gas wells are now drilled horizontally and stimulated using hydraulic fracturing and other technologies. These unconventional resources have lower permeability and require stimulation chemicals to maximize production. The continued focus on shale development as well as increasing horizontal and fracturing activity in tight oil and gas reservoirs globally is expected to boost the demand for various oilfield stimulation chemicals such as gels, fracturing fluids, surfactants, and breakers. Therefore, oilfield stimulation chemicals manufacturers are poised to tap significant opportunities in the unconventional oil and gas industry. Porter’s Analysis Threat of new entrants: The oilfield stimulation chemicals market requires significant capital investment for R&D, production facilities and brand establishment. Regulations around chemicals also pose barriers. Bargaining power of buyers: Buyers have moderate bargaining power due to the availability of substitute products and differentiated needs of exploration and production companies. Bargaining power of suppliers: A few major players dominate the supply market, increasing their bargaining power over pricing and product differentiation. Threat of new substitutes: Alternate stimulation methods can replace chemical stimulation to some extent based on reservoir conditions and economic viability. Competitive rivalry: Major players compete on innovation, quality, health & safety and environmental standards to gain market share. SWOT Analysis Strength: Differentiated products and technologies provide competitive edge. Established distribution channels ensure product availability. Weaknesses: Volatility in oil prices poses demand risks. Stringent environment regulations increase compliance costs. Opportunities: Unconventional drilling rises in the US, China and global deepwater activities boost demand. Acquisitions aid portfolio expansion. Threats: Substitutes like hydraulic fracturing impact market. Economic slowdowns and energy transition pose long-term threat. Key Takeaways The global Oilfield Stimulation Chemicals Market is expected to witness high growth between 2023-2030 driven by increasing shale drilling in the US and China. The global oilfield stimulation chemicals market is estimated to be valued at US$ 4.27 billion in 2024 and is expected to exhibit a CAGR of 3.3% over the forecast period 2023 to 2030.

North America dominates currently due to active unconventional extraction. Demand is also rising in the Middle East and Asia Pacific region led by drilling initiatives in Saudi Arabia, Iran and India. Key players operating in the Oilfield Stimulation Chemicals market are Baker Hughes, Schlumberger, Halliburton, BASF SE, Huntsman Corporation, Croda International Plc, AkzoNobel, The Dow Chemical Company, DuPont de Nemours, Inc., and Solvay. Regional fast growing markets include the US, China and Middle East nations. Market leaders are focusing on product innovation, mergers & acquisitions to expand their portfolio and geographic presence.

[chemicalsources]

Oilfield Stimulation Chemicals Market Odyssey Charting a Course Towards Green Growth

Oilfield stimulation chemicals are used to enhance recovery and maximize production from oil and gas reservoirs. Oilfield stimulation chemicals help in maintaining production by increasing formation permeability or by propping open new fractures. Some key uses of oilfield stimulation chemicals include hydraulic fracturing, acidizing, and matrix treatments. Hydraulic fracturing requires gelling agents, crosslinkers, breakers, and surfactants to effectively fracture the formation. Acidizing uses acids such as hydrochloric and hydrofluoric acids to dissolve minerals and improve flow pathways in carbonate formations.

The Oilfield Stimulation Chemicals market is estimated to be valued at US$ 4.27 Bn in 2023 and is expected to exhibit a CAGR of 3.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

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Oilfield Surfactants Market - Forecast(2024 - 2030)

 Oilfield Surfactants Market Overview:

Oilfield Surfactants Market Size is forecast to reach $2044.1 Million by 2030, at a CAGR of 4.5% during forecast period 2024-2030.The global market for Oilfield Surfactants was estimated at $2044.1 million in 2030 and is predicted to witness robust and accelerated growth in the coming years, especially in the oil producing countries such the US, China and members of the OPEC. Demand for oilfield surfactants has grown since the need for chemicals in sustainable oil exploration, extraction and production has skyrocketed as witnessed in the rigorous EOR (Enhanced Oil Recovery) activities. Furthermore, there has been a growing interest in the bio-based oil surfactants, although being a niche market, for its environment friendly effects that can counter-act the wide environmental concerns about the oil and gas industries.

Oilfield Surfactants Market Outlook:

Oilfield surfactants are chemicals that effectively lower the surface tension between a fluid and a solid or between various fluids. Oilfield surfactants have various physical and chemical properties that can be exploited in the stages of drilling, production, refining, enhanced oil recovery and stimulation. Its applications vary from asphaltene dispersants, corrosion inhibition, emulsifiers, demulsifier intermediates, oil-wetters, paraffin inhibitors, water-wetters, foamers and defoamers. The type of surfactant behavior is dictated by the chemical structure, specifically the structural groups on the molecule). The oilfield surfactant market is segmented based on the stage of application such as drilling, production and stimulation as well as its applications as mentioned above.

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Oilfield Surfactants Market Growth drivers:

Global oil and natural gas production has been increasing steadily since the last decade with oil production recording 92.6 million barrels per day (BPD) with US being the largest oil producing country in the world. These statistics imply that as oil production, extraction and exploration activities increase, there is clearly a huge growth potential for oilfield surfactants to meet this large demand capacity. Surfactants such as emulsifiers, demulsifiers, biocides etc. would highly in demand at various stages of drilling, production and stimulation in oilfields. In addition, as the world plans to move towards a more sustainable and environment friendly future, bio-based oilfield surfactants would be in high demand. Enhanced Oil Recovery (EOR) is gaining increasing popularity in the oil industry as it cuts costs and maximizes yield, and thus this could clearly boost the Oil Surfactants market as EOR is only possible due to the usage of such surfactants.

Oilfield Surfactants Market Challenges:

The prime challenge faced by the Oilfield Surfactants market is the dangerous carbon footprint that the oil and gas industries leave behind in the world’s atmosphere. The use of fossil fuels has always been criticized and many developed countries in the EU planning to phase out their energy dependence on oil and natural gas. Growing environmental concerns about oilfield production levels coupled with massive oil spills are the major challenges to the Oilfield Surfactant market. 

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Oilfield Surfactants Market Research Scope:

The base year of the study is 2017, with forecast done up to 2023. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the Oilfield Surfactants market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the types of plastics in the Oilfield Surfactants market, and their specific applications in different types of vehicles.

Oilfield Surfactants Market Report: Industry Coverage

Oilfield Surfactants–By Class of Substrate: Synthetic and Bio-based 

Oilfield Surfactants– By Application: Drilling, Stimulation and Stimulation 

Oilfield Surfactants– By Surfactant Class: Non-Ionic, Anionic, Cationic, Polymeric, Amphoteric and others

The Oilfield Surfactants market report also analyzes the major geographic regions for the market as well as the major countries for the market in these regions. The regions and countries covered in the study include:

North America: The U.S., Canada, Mexico

South America: Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, Costa Rica

Europe: The U.K., Germany, Italy, France, The Netherlands, Belgium, Spain, Denmark

APAC: China, Japan, Australia, South Korea, India, Taiwan, Malaysia, Hong Kong

Middle East and Africa: Israel, South Africa, Saudi Arabia

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Oilfield Surfactants Market Key Players Perspective:

Some of the Key players in this market that have been studied for this report include: CP Kelco Oil Field Group, Huntsman Corporation, Croda International PLC, Weatherford International, Stepan Company, Enviro Fluid, Rimpro-India, Evonik Industries AG, Flotek Industries and others

Market Research and Market Trends of Oilfield Surfactants Market

Researchers at the University of Houston discovered an innovative technique using nanotechnology to maximize oil recovery from oil wells, as oilfields yield only 30-35% on average. The researchers have developed a graphene amphilic nanosheet designed from Janus nanoparticles that could aid in tertiary oil recovery. If producers can unlock this untapped potential, the crude oil supply could be boosted and could drive the selling price lower.

According to the 2018 BP Statistical Review of World Energy global oil production hit a record of 92.6 million barrels per day (BPD). This large increase in oil production levels would indicate a large demand for oilfield surfactants in the oil and gas industries. 

Based in Texas, U.S, Huntsman Corporation is a global key player with a significant market share in the oilfield surfactant market. Huntsman Corporation recently acquired Nanocomp Technologies Inc., a company specialized in manufacturing advanced carbon materials based in New Hampshire, USA. Its popular product is an advanced carbon-based material branded as Miralon, which could have potential use in corrosion inhibition and can lead to a new class of nanomaterial based oilfield surfactant. 

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Key Market Players:

The Top 5 companies in the Oilfield Surfactants Market are:

Exxon Mobil

Arlanxeo

Sibur International

Reliance Industries

BRP Manufacturing

[chemicalresearchupdates]

Unlocking the Potential of Unconventional Resources: A Study of Oilfield Stimulation Chemicals Market

Oilfield stimulation chemicals are used to enhance oil and natural gas production from unconventional reservoirs. They help in maximizing the production potential of the reservoir by improving flow to the wellbore. Some key oilfield stimulation chemicals and their uses include gels and surfactants that are used to transport proppants into fractures, breakers that dissolve the gel and allow hydrocarbons to flow after fracturing, acids used to dissolve minerals in the rocks to increase permeability, and corrosion and scale inhibitors employed to protect production equipment.

The global oilfield stimulation chemicals market is estimated to be valued at US$ 4.27 billion in 2024 and is expected to exhibit a CAGR of 3.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Opportunity:

Increased usage in unconventional oil and gas extraction is expected to drive the growth of the oilfield stimulation chemicals market over the forecast period. Around 90% of new oil and gas wells are now drilled horizontally and stimulated using hydraulic fracturing and other technologies. These unconventional resources have lower permeability and require stimulation chemicals to maximize production. The continued focus on shale development as well as increasing horizontal and fracturing activity in tight oil and gas reservoirs globally is expected to boost the demand for various oilfield stimulation chemicals such as gels, fracturing fluids, surfactants, and breakers. Therefore, oilfield stimulation chemicals manufacturers are poised to tap significant opportunities in the unconventional oil and gas industry. Porter’s Analysis Threat of new entrants: The oilfield stimulation chemicals market requires significant capital investment for R&D, production facilities and brand establishment. Regulations around chemicals also pose barriers. Bargaining power of buyers: Buyers have moderate bargaining power due to the availability of substitute products and differentiated needs of exploration and production companies. Bargaining power of suppliers: A few major players dominate the supply market, increasing their bargaining power over pricing and product differentiation. Threat of new substitutes: Alternate stimulation methods can replace chemical stimulation to some extent based on reservoir conditions and economic viability. Competitive rivalry: Major players compete on innovation, quality, health & safety and environmental standards to gain market share. SWOT Analysis Strength: Differentiated products and technologies provide competitive edge. Established distribution channels ensure product availability. Weaknesses: Volatility in oil prices poses demand risks. Stringent environment regulations increase compliance costs. Opportunities: Unconventional drilling rises in the US, China and global deepwater activities boost demand. Acquisitions aid portfolio expansion. Threats: Substitutes like hydraulic fracturing impact market. Economic slowdowns and energy transition pose long-term threat. Key Takeaways The global Oilfield Stimulation Chemicals Market is expected to witness high growth between 2023-2030 driven by increasing shale drilling in the US and China. The global oilfield stimulation chemicals market is estimated to be valued at US$ 4.27 billion in 2024 and is expected to exhibit a CAGR of 3.3% over the forecast period 2023 to 2030.

North America dominates currently due to active unconventional extraction. Demand is also rising in the Middle East and Asia Pacific region led by drilling initiatives in Saudi Arabia, Iran and India. Key players operating in the Oilfield Stimulation Chemicals market are Baker Hughes, Schlumberger, Halliburton, BASF SE, Huntsman Corporation, Croda International Plc, AkzoNobel, The Dow Chemical Company, DuPont de Nemours, Inc., and Solvay. Regional fast growing markets include the US, China and Middle East nations. Market leaders are focusing on product innovation, mergers & acquisitions to expand their portfolio and geographic presence.

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A Comprehensive Study exploring Specialty Oilfield Chemicals Market

Stratview Research delivers key insights on the global Specialty Oilfield Chemicals Market.

The report also covers the Covid impact on the market. Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2021 and an uptrend is witnessed from 2022.

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Market Insights

The Specialty Oilfield Chemicals Market was accounted for US$ 730.4 Mn in terms of value in 2021 and is expected to grow at CAGR of 9.0% for the period 2022-2028.

Profiling Key Companies –

Akzo Nobel N.V.

BASF SE

Halliburton Company

Baker Hughes, Inc

Schlumberger N.V.

Solvay SA

DowDuPont

Ecolab Inc.

Clariant AG

The Lubrizol Corporation

Growth drivers and Market Value:

This report, from Stratview Research, studies the Specialty Oilfield Chemicals Market value and growth drivers over the trend period of 2022-27. According to the report -

Specialty Oilfield Chemicals Market is likely to witness an impressive CAGR of 4.8% during the forecast period. The prime factor that is contributing to the demand for specialty oilfield chemicals market is the growing demand for energy production and increase in the production of crude oil. Most of the countries are focusing to extract more oil from the existing as well as from new reserves, due to which, the global production of crude oil is growing at a faster pace.

Segment Analysis:

Based on Production Application Type:

Based on the application type, the market is segmented as Enhanced Oil Recovery (EOR), cementing, production, well stimulation, drilling fluids, and workover & completion. Production is likely to be the largest as well as the fastest-growing segment of the specialty oilfield chemicals market. In recent years, the production of crude oil has been increased in countries such as the USA and in Arabian countries. This continuous demand from such countries is likely to boost the demand for specialty oilfield chemicals during the forecast period.

Based on Region:

In terms of regions, North America is estimated to be the largest as well as the fastest-growing market due to the presence of various key producers of specialty oilfield chemicals in the region and growing exploration activities for oil reserves & shale gas. The US is depicting increased demand for specialty oilfield chemicals, which is expected to continue in the future as well. Latin America and The Middle East are amongst the other rapidly growing markets. These markets are characterized by increasing oil exploration and drilling activities owing to rapid industrial growth in the regions. Europe and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.

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Covid Impact

This informative research report also includes the most recent global events concerning the coronavirus pandemic. The report provides a detailed analysis of the pandemic's impact and the industry's economic scenario. The report consists of tables, graphs, charts, figures, and diagrams, that are used to graphically represent important statistical information.

Appropriate market trend and forecast analysis.

All-inclusive report

Decent price-performance ratio

Reliable data

Attractive market segments and associated growth opportunities.

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Stratview research offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please connect with our experts at +1-313-307-4176.

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Oilfield Stimulation Chemicals Market 2023 | Business Opportunity, Growth Strategies & Forecast Report By 2028

The Oilfield Stimulation Chemicals Market Report, in its latest update, highlights the significant impacts and the recent strategical changes under the present socio-economic scenario. The Oilfield Stimulation Chemicals industry growth avenues are deeply supported by exhaustive research by the top analysts of the industry. The report starts with the executive summary, followed by a value chain and marketing channels study. The report then estimates the CAGR and market revenue of the Global and regional segments.

Base Year: 2021

Estimated Year: 2022

Forecast Till: 2023 to 2028

The report classifies the market into different segments based on type and product. These segments are studied in detail, incorporating the market estimates and forecasts at regional and country levels. The segment analysis is helpful in understanding the growth areas and potential opportunities of the market.

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A special section is dedicated to the analysis of the impact of the COVID-19 pandemic on the growth of the Oilfield Stimulation Chemicals market.  The impact is closely studied in terms of production, import, export, and supply.

The report covers the complete competitive landscape of the Worldwide Oilfield Stimulation Chemicals market with company profiles of key players such as:

Akzonobel N.V.

Albemarle Corp.

Ashland Inc.

Baker Hughes Incorporated

BASF SE

Chevron Phillips Chemical Company

Clariant AG

E. I. du Pont de Nemours and Company

Flotek Industries Inc.

Halliburton

Schlumberger Limited

Solvay SA.

The DOW Chemical Company

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Oilfield Stimulation Chemicals Market Analysis by Type:

Gelling Agents

Friction Reducers

Surfactants

Corrosion & Scale Inhibitors

Acids

Others

Oilfield Stimulation Chemicals Market Analysis by Applications:

Hydraulic Fracturing

Matrix Acidization

Acid Fracking

Others

Oilfield Stimulation Chemicals Market Analysis by Geography:

North America (USA, Canada, and Mexico)

Europe (Germany, UK, France, Italy, Russia, Spain, Rest of Europe)

Asia Pacific (China, India, Japan, South Korea, Australia, South-East Asia, Rest of Asia-Pacific)

Latin America (Brazil, Argentina, Peru, Chile, Rest of Latin America)

The Middle East and Africa (Saudi Arabia, UAE, Israel, South Africa, Rest of the Middle East and Africa)

Key questions answered in the report:

 What is the expected growth of the Oilfield Stimulation Chemicals market between 2023 to 2028?

Which application and type segment holds the maximum share in the Global Oilfield Stimulation Chemicals market?

Which regional Oilfield Stimulation Chemicals market shows the highest growth CAGR between 2023 to 2028?

What are the opportunities and challenges currently faced by the Oilfield Stimulation Chemicals market?

Who are the leading market players and what are their Strengths, Weakness, Opportunities, and Threats (SWOT)?

What business strategies are the competitors considering to stay in the Oilfield Stimulation Chemicals market?

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Oilfield Stimulation Chemicals Market Pioneers: Leading the Charge in Sustainable Oil and Gas Operations

Market Overview:

Oilfield stimulation chemicals are used to enhance oil recovery from reservoirs during drilling and completion operations. These chemicals help in the cleaning and acidizing of oil wells.

Market Dynamics:

Rising exploration and production activities globally are expected to drive the growth of the oilfield stimulation chemicals market during the forecast period. Development of unconventional oil and gas reserves require stimulating reservoirs using chemicals in order to enhance oil and gas recovery. Furthermore, aging oilfields require re-stimulation and enhancement techniques using stimulation chemicals to boost production. According to the IEA, global oil demand is estimated to reach pre-pandemic levels by 2023 with projections of continued growth through 2030, further propelling the demand for oilfield stimulation chemicals. In addition, the increasing complexity of oil reservoirs has led E&P companies to use advanced stimulation techniques and customized chemical formulations for improving productivity. This is positively impacting the market growth.

Oilfield Stimulation Chemicals Market Drivers and Restrainst

Increasing Global Oil Demand Driving Need for More Unconventional Oil Production

The demand for oil and gas continues to rise across the globe driven by increasing industrialization and urbanization in developing nations like India and China. At the same time, more easily accessible conventional reserves are being depleted necessitating more production from harder-to-extract unconventional reserves like tight oil and shale gas which requires stimulation chemicals. This growing need for unconventional oil and gas to meet demand is a key driver boosting the oilfield stimulation chemicals market.

Rising Shale Gas Exploration and Production Augmenting Demand for Stimulation Chemicals

With technological advances like hydraulic fracturing and horizontal drilling, shale gas production has grown multi-fold in countries like the US and Canada in the last decade. Other nations are also pursuing shale gas reserves to diversify their energy mix. This increased focus on shale gas exploration and production around the world directly impacts the oilfield stimulation chemicals consumption positively.

Stringent Environmental Regulations Hindering Market Growth

While stimulation chemicals help boost productivity from oil and gas wells, some components of these chemicals can potentially pollute the air and groundwater if not handled properly. Consequently, regulations around the use, transportation and disposal of stimulation chemicals, especially hydraulic fracturing fluids, have become stricter in regions like the US and Europe in recent years to minimize environmental footprint. This poses a challenge for the oilfield stimulation chemicals industry.

Opportunity: Growing Oil and Gas Operations in Asia-Pacific Opening New Avenues

Asia-Pacific currently holds some of the largest proved reserves of oil and gas globally but production is still less than potential. Several countries like India, China, Indonesia are investing heavily in developing their upstream oil and gas infrastructure which includes stepping up unconventional production. This rapid expansion of Asia-Pacific's oilfield operations opens attractive opportunities for stimulation chemicals suppliers to tap into the fast-growing regional market.

Trend: Shift Towards Environmentally Friendly, "Green" Stimulation Chemicals formulations

With environmental protection gaining more importance, oilfield service companies and operators are collaborating with stimulation chemical manufacturers to develop alternatives to toxic and hazardous components traditionally used. This involves investigating safer base fluid options and additives that can reduce water, air and land footprint of operations. The trend towards more sustainable, "green" chemical systems matching economic and ecological objectives is gathering strong momentum in the stimulation chemicals industry.

[chemicalsources]

Propylene Oxide Market Impact: Environmental and Regulatory Considerations

Propylene oxide is an important organic chemical used as an intermediate in the production of polyether polyols, which are used to manufacture polyurethane foams. It is commonly used in products such as furniture upholstery, insulation for pipes, buildings and vehicles, bedding, carpet underlay, children's items, packaging, and more.

The global propylene oxide market is estimated to be valued at US$ 16,852.2 Mn or Mn in 2023 and is expected to exhibit a CAGR of 5.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Dynamics: The global propylene oxide market is witnessing substantial growth owing to the rising demand for polyether polyols from various industries such as construction, automotive, and furniture. According to statistics published by American Chemistry Council, the production of polyurethane foam in North America increased from 9.4 million tons in 2016 to 9.8 million tons in 2019, growing at a CAGR of 1.2% during the period. Moreover, propylene oxide is also used in other applications such as solvents, chemical intermediates, and hydrophilic polyether polyols. Expansion of end-use industries globally is expected to fuel the demand for propylene oxide during the forecast period. However, the availability of substitutes such as propylene glycol may hamper market growth over the forecast period. SWOT Analysis Strength: Propylene oxide is used for producing various industrial and consumer goods with three leading end-use industries being construction chemicals, automotive, and textiles. It is a versatile chemical having good reactivity and water solubility allowing its wide application. Production of propylene oxide from propylene is relatively easier and more economical than other production processes. Weakness: Propylene oxide is highly flammable in nature bringing safety concerns during production, handling, transportation and storage. Stringent regulations over exhaust emissions and disposal of hazardous by-products increase production costs. Dependence on crude oil prices for obtaining raw materials represents a threat.

[thetejasamale]

Enhanced Oil Recovery Market | Strategies, Size, Share, Growth, Trends, Demand, Industry Analysis, Key Player profile and Regional Outlook by 2030

In the last decade, the oil and gas industry witnessed a decline in new due to a sharp drop in oil prices and the preference of energy shifting from oil to renewable sources of energy. To overcome the cost associated with new oil discoveries and reduce existing operational overhead costs, oilfield operators are looking for new techniques to boost oil production from existing wells. Moreover, 70% of the existing oil fields are nearing their operational lifetime or maturing, where oil extraction through primary and secondary methods will yield lesser oil than before.

Enhanced oil recovery methods are expected to play a crucial role as they can enable oil extraction from mature oilfields. The global oil and gas industry is investing a lot in enhanced oil recovery methods as they are expected to play a key role in meeting the energy demands of the world. The enhanced oil recovery market, by is segmented into thermal, chemical, and microbial methods of oil recovery. By employing enhanced recovery methods, the oil and gas present deep down in the reservoirs get stimulated, and the fluids are then extracted.

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By technology type, the CO2 based enhanced oil recovery methods have been quite successful for a few decades now, owing to the government initiatives for carbon capture and storage programs. CO2 emissions from power plants are captured and are used in the enhanced oil recovery process. This helps the power industry to reduce its carbon footprints and the oil industry to use the toxic CO2 for oil recovery processes. Besides, new techniques, such as microbial enhanced oil recovery methods, are gaining prominence with several companies investing in this space. One of the major reasons for is that it uses naturally present bacteria in the oil fields to enhance the oil recovery process. Oilfield operators who employ this method of oil recovery have an additional advantage of having control over the G Global enhanced oil recovery market is projected to witness ~ 15.7% CAGR during the forecast period.

Key Players

The key players in the global enhanced oil recovery market are Praxair Technology, Inc., PJSC Lukoil Oil Company , FMC Technologies, Inc., Chevron Phillips Chemical Corporation, Schlumberger Ltd., Royal Dutch Shell Plc, Halliburton Corporation, Basf SE, Baker Hughes, a GE company, Statoil ASA, BP Plc., Exxon Mobil, and Titan Oil Recovery.

Market Research Analysis

North America and Europe regions are expected to command a major market share

By US EIA s, the U.S. is dominating the market for enhanced oil recovery processes. The country has several support legislatures and policies that support the use of enhanced oil recovery methods. Several oilfields in the Gulf of Mexico are rapidly reaching their operational lifetime and, thus,  enhanced oil recovery methods are being implemented widely. Similarly, the European region is witnessing an increased implementation of oil recovery process due to rapidly maturing fields in the North Sea region. In the Middle East and Asia Pacific, onshore wells are undergoing an increased implementation of oil recovery processes. Developing countries, such as India, Indonesia, and Malaysia, are expected to contribute to the growth of the market in the coming years.

Scope of the Report

This report provides an in-depth analysis of the global enhanced oil Recovery market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, and share for North America, Europe, Asia Pacific (APAC), Middle East, Africa and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the Enhanced Oil Recovery market by its technology type, application type, and by region.

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By Technology Type

Thermal

Chemical  

Microbial

Steam Injection

In-Situ Combustion

Hot water

Polymer

Alkaline

Surfactant

Others

Cyclic Injection

Microbial Flooding

Feeding Existing Bacteria

Others

By Application Type

Onshore

Offshore

By Regions

North America

Asia Pacific

Middle East and Africa

Europe

Rest of the World  

[instanttimetravelnut]

Oilfield Process Chemicals Market Sales Revenue to Significantly Increase in the Next Few Years

Market Overview

Oilfield process chemicals are used in exploration and various extraction stages such as surfactant flooding and caustic flooding at oil and gas refineries or reservoirs. Oilfield process chemicals are used in separating gas from oil or separating oil from gas. Further Oilfield process chemicals control corrosion, fluid loss, waxes, bacteria, hydrogen sulfide and foam. It is also responsible for removal of water vapor, acid gas separation, and heavy hydrocarbon separation from the gases. Based on the application the major product categories of oilfield process chemicals include, stimulation fluids, drilling, workover, completion, cementing, production, and enhanced oil recovery chemicals. Drilling chemicals holds the largest market share in 2013.

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Based on chemical characteristics the global market for oilfield process chemicals can be broadly categories as biocides, demulsifiers, corrosion and scale inhibitors, pour point depressants, advanced polymers, surfactants and others. Demulsifier holds the largest market share in 2013. Demulsifiers are special surface active agents comprising relatively high molecular weight of polymers. When they are added to the oil, they tend to migrate to the oil–water interface and break the stabilizing film present in crude oil.

The demand for oilfield process chemicals is influenced by numerous factors. The energy requirement of developing countries such as India, China, and Brazil, are continuously increasing owing to improving living standards of consumers in these regions. Crude oil and natural gas are crucial to the energy supply chain and plays an important role in overall economy development of a region. In recent years, several developing nations are stepping towards self-reliability in oil and gas by investing in development of new onshore as well as offshore oil reserve.

Moreover production capacities of oil and gas refineries are increasing. This increase demand and production capacity of oil and gas leads to an increased market for oilfield process chemicals. North America is the largest market for oilfield chemicals followed by Rest of the World (Middle East and Latin America) and Asia Pacific. The market for oilfield process chemicals in North America experiencing a double digit growth rate attributed to recent development of North America shale assets, oil sands, and Gulf of Mexico’s deepwater resources in this region. The oilfield process chemical is growing at moderate rate in Asia Pacific mainly led by the increase production capacity of China. Middle East and Latin America are two traditional markets for oilfield process chemicals where market is offering a lucrative growth owing to increasing production capacity of oil and gas processing plants in this region.

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The major companies operating in global oilfield process chemical market include Baker Hughes, Inc., Ecolab, Inc., Halliburton Co., Schlumberger Ltd., Ashland, Inc., Gulf Coast Chemical LLC, BASF SE., Canadian Energy Services & Technology Corp., Chemex Inc., Chevron Corp., China National Petroleum Corp., Lamberti S.p.A., Sichem LLC, SMC Technologies, Inc., Stepan Co., Syrgis Performance Chemicals, The Dow Chemical Co., The Lubrizol Corp., Unitop Chemicals Pvt. Ltd.,Weatherford International, and Well Flow International LLC

Key points covered in the report

The report segments the market on the basis of types, application, products, technology, etc (as applicable)

The report covers geographic segmentation

North America

Europe

Asia

RoW

The report provides the market size and forecast for the different segments and geographies for the period of 2010 to 2020

The report provides company profiles of some of the leading companies operating in the market

The report also provides porters five forces analysis of the market

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Oil and Gas Chemicals Market Size, Share, Growth, and Industry Analysis: A Detailed Examination of the Global Oil and Gas Chemicals Market

The oil and gas chemicals market refers to the sector that provides specialized chemical products and services to the oil and gas industry. These chemicals play a crucial role in various stages of oil and gas exploration, production, refining, and transportation processes. They are designed to enhance production efficiency, improve operational safety, and optimize overall performance in the oil and gas sector.

The oil and gas chemicals market offers a wide range of products that cater to different requirements within the industry. Some of the key types of chemicals used in this sector include:

Drilling and Completion Chemicals: These chemicals are used during the drilling and completion process to improve drilling efficiency, prevent corrosion, control formation damage, and enhance well productivity.

Production Chemicals: Production chemicals are used to optimize the production process by reducing scaling, preventing corrosion, controlling bacterial growth, and mitigating other production-related issues.

Well Stimulation Chemicals: Well stimulation chemicals, such as fracturing fluids, acidizing agents, and demulsifiers, are utilized to enhance well productivity and increase oil and gas recovery rates.

Enhanced Oil Recovery (EOR) Chemicals: EOR chemicals, including surfactants, polymers, and alkalis, are employed to improve oil recovery from reservoirs by altering the physical and chemical properties of the reservoir fluids.

Refinery Chemicals: Refinery chemicals are utilized in petroleum refining processes to enhance fuel quality, maximize yield, and improve the efficiency of refining operations. These chemicals include catalysts, corrosion inhibitors, and additives.

Gas Treatment Chemicals: Gas treatment chemicals are used to remove impurities from natural gas streams, including sulfur compounds, carbon dioxide, and water, to meet pipeline specifications and ensure safe transportation.

The oil and gas chemicals market is influenced by various factors, including global energy demand, oil and gas prices, environmental regulations, and technological advancements. Key market players in this industry include major chemical manufacturers, oilfield service companies, and specialty chemical providers.

The market is geographically diverse, with significant demand coming from regions such as North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Each region has its own unique characteristics and requirements based on the local oil and gas industry landscape.

Overall, the oil and gas chemicals market plays a vital role in supporting the oil and gas industry by providing tailored solutions to address operational challenges, improve efficiency, and ensure the safe and sustainable extraction, production, and transportation of oil and gas resources.

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Specialty Oilfield Chemicals Market Research, growth trends and opportunities for the forecast period 2021-2030

  Specialty Oilfield Chemicals Market Overview - According to Market Research Future (MRFR), the global specialty oilfield chemicals market expected to witness significant growth by 2030, registering an impressive CAGR throughout the assessment period (2021 – 2030). Increasing crude oil production and deep drilling activities in offshore & onshore oilfields are some of the major tailwinds pushing the growth of the market, excellently. The global specialty oilfield chemicals market is witnessing a constant rise in its revenue gains, mainly due to the skyrocketing demand for energy. The rising demand for these high value, well-stimulated chemicals for O&G exploration, Enhanced Oil Recovery (EOR), and energy production (E&P) activities drive the growth of the market. Increasing oil & gas exploration initiatives across the globe is a key driving force behind the market growth.

Obtain Brochure For Latest Technology Advancements @ https://www.marketresearchfuture.com/sample_request/6307 Specialty Oilfield Chemicals Market - Eminent Firms: 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), and others. Tactical implementations of strategies by various companies not only ensure their respective growth but assist the market move forward. Policies such as merger, acquisition, collaboration, and other methods play crucial roles in taking the market forward by making it more competitive. For instance, the Carlyle group is planning to acquire Akzo Nobel's chemical wing which is of great importance for the market. It will change the present market dynamics and help Carlyle Group set a better portfolio for themselves. Market Boosters and Barriers :-

The key market driver for the global specialty oilfield chemicals market growth is the increasing demand for specialty oilfield chemicals in the oil & gas industry and the use of specialty oilfield chemicals in various industries. Other factors driving the market growth include prevention of corrosion, prevention of scale formation in pipelines, and reduction of losses. Some other benefits that specialty oilfield chemicals offer microbial control in oil refining, such as sulfate growth control that can minimize the formation of H2S.

The global specialty oilfield chemicals market has been segmented on the basis of application, type, and lastly, region. The application-based segmentation has segmented this market into cementing, drilling, enhanced oil recovery (EOR), production, and stimulation. By type, the market has been segmented into biocide, clay stabilizer, corrosion inhibitor, demulsifier, deoiler, fluid loss additive, pour point depressant, scale inhibitor, and others.

The regional segmentation of the global specialty oilfield chemicals market segments the global market into regional markets namely North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa (MEA). North America holds the largest market share in the global market due to the increased use of these chemicals in the oil & gas industry. In this region, the crucial country-specific markets are the USA and Canada.

The MEA region and Asia Pacific region are the other substantial markets. The MEA region is the second-largest market due to the increasing product demand in major oil-producing countries such as Iran, Kuwait, and Saudi Arabia. Other important country-specific markets in this region are Bahrain, Iran, Israel, Kuwait, Oman, Qatar, Turkey, and United Arab Emirates (UAE), followed by the remaining countries of the MEA region. In the Africa segment of the MEA region, most of the relevant market is in North Africa. In the Asia Pacific region, the primary country-specific markets are Australia, China, India, Japan, and New Zealand, followed by the remaining countries of the Asia Pacific region. Presence of growing economies is the reason for market growth in the Asia Pacific region.

During the forecast period, the markets in Europe and Latin America are expected to witness moderate growth. The most important country-specific markets in Europe are France, Germany, Italy, Russia, Poland, Spain, and the UK. Important country-specific markets in Latin America are Argentina, Brazil, and Mexico, followed by the remaining the remaining countries of Latin America. Access Complete Report @ https://www.marketresearchfuture.com/reports/specialty-oilfield-chemicals-market-6307 Segment Study of Specialty Oilfield Chemicals Market :- The global specialty oilfield chemicals market can be segmented by application and type.

Based on application, the global specialty oilfield chemicals market can be segmented into drilling, cementing, production, enhanced oil recovery (EOR), and stimulation.

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

Buy Now @ https://www.marketresearchfuture.com/reports/specialty-oilfield-chemicals-market-6307 Specialty Oilfield Chemicals Market Market  - Geographical Analysis :- North America dominates the global specialty oilfield chemicals market, witnessing the increasing consumption of these chemicals in the oil & gas industry. Also, the largest market share of the region attributes to the increased exploration activities in the USA and Canada. Besides, the rising demand for energy in the region fosters the growth of the market, consuming a massive amount of specialty oilfield chemicals. Furthermore, increasing crude oil production and investments in shale gas exploration activities in the US drives the growth of the regional market. The North American oilfield chemicals market is projected to retain its dominance throughout the assessment period, creating a huge revenue pocket.

The Middle East & Africa region stands second in the global specialty oilfield chemicals market. The market growth majorly attributes to the augmenting demand and consumption of these chemicals in key oil-producing countries such as Saudi Arabia, Kuwait, and Iran. Besides, unfavorable geological conditions (extreme heat/cold) in the Middle Eastern region that demand more advanced & expensive oilfield chemicals in the O&G extraction process foster the growth of the market, excellently.

The Asia Pacific region is a promising market for specialty oilfield chemicals. The market growth attributes to the rapid industrialization & urbanization and increasing population, leading to increasing the demand for energy & fuel. Rising government support and the recent decision to auction government-owned sixty-nine inactive O&G fields to private companies on a new revenue-sharing contract is projected to fuel the growth of the APAC specialty oilfield chemicals market, reinforcing increase in O&G exploration activities. Heading with the increasing investments, the APAC specialty oilfield chemicals market is estimated to witness the fastest growth during the assessment period. Latest Industry News

Oilfield chemical provider Innospec Inc. has announced a series of investments designed to further expand its capabilities in research, development and technical service for its performance chemicals business. 21 JAN 2019

Halliburton, one of the world's largest oil field service firm, has acquired Houston based Athlon Solutions. Athlon is a now a part of Halliburton's specialty oilfield chemicals business division, Multi-Chem. 22 AUG 2019

Versalis, Mazrui Energy Services (a Mazrui International Company), a leading service company in the Oil & Gas industry in the Middle East, and Petrochem (a Mazrui Energy Services Company), a leading manufacturer of drilling fluids, have signed an agreement to establish Versalis Petrochem Mazrui (VPM), a joint venture for the commercialization of innovative chemicals for the Oil & Gas industry in the Abu Dhabi. 15 NOV 2018.

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