Oilfield Chemicals Consumption Industry Analysis & Outlook 2018-2022 by Marketresearchpro

Oilfield Chemicals Consumption research report

Researchvector has recently published a report named "Documenting The Market Growth Of Oilfield Chemicals Consumption Industry: 2017-2025" focussing on the Oilfield Chemicals Consumption which holds a huge market share in 2018 both in terms of value and volume. This report intends to study the developments of the Oilfield Chemicals Consumption market in, including its development status, applicant profiles and future trends, along with focus on the top players in the market. To understand all of it, this well-researched report will reveal the market situation in general for you, along with the future forecast of the market.

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Oilfield chemicals refers to a series of chemicals used in the process of petroleum and gas drilling, mining and transportation, water treatment and enhanced oil recovery. The applications of oilfield chemicals in oilfield include drilling fluids, cementing, completion, stimulation, production and EOR (Enhanced Oil Recovery Chemicals), delivery, etc.

North America is the world’s largest oilfield chemicals consumption area. In Europe and North America, the main application of polyacrylamide is the water treatment industry. However, polyacrylamide in oilfield is less in foreign, because of the special geological conditions in China, Daqing Oilfield and Shengli Oilfield are still using extensive of polymer in flooding technology. China is one of the countries with the highest crude oil production costs in the world. Despite this, China has had to continue mining domestic crude oil due to the huge market demand. At present, the production capacity of polyacrylamide in China has exceeded 1.2 million tons. Most of the polyacrylamide is used in the oil field industry.

The global oil field chemical industry is dominated by large corporations, and these corporations are becoming larger through acquisitions, allowing themselves to offer a wider range of oil field services such as exploration, drilling, design, and engineering. In the past few years, there have been five major acquisitions and mergers in this industry. Lower oil prices have a side effect to this industry. Big companies maintain good performance through acquisitions and mergers. In 2017, Dow, DuPont complete planned merger to form Dow DuPont. Baker Hughes, a GE company announced that the transaction combining GE’s oil and gas business with Baker Hughes is complete. In 2014, Lubrizol Corporation announced that it has completed the acquisition in the United States and Canada of Weatherford International’s global oilfield chemicals business. In 2012, Ecolab announced its intention to acquire Permian MudService, Inc., the parent company of Champion Technologies, and integrate the business with its Energy Services division.The sale closed on April 10, 2013, at which time the businesses merged and announced its new Nalco Champion brand. In 2013, Solvay acquired Chemlogics.

Over the next five years, LPI(LP Information) projects that Oilfield Chemicals will register a 4.1% CAGR in terms of revenue, reach US$ 3550 million by 2023, from US$ 2790 million in 2017.

What Are The Growth Factors That Drive Oilfield Chemicals Consumption Market

Growth in the Oilfield Chemicals Consumption market has increased the demand for Oilfield Chemicals Consumption. The higher profit growth have increased the demand for {Products} in the Oilfield Chemicals Consumption market. Other factors that are driving the growth of Oilfield Chemicals Consumption market are:

  • Growing population
  • The rise in technological advancements
  • The total market size
  • Key market drivers
  • Major players in the market
  • The growing disposable income

You will get a look at the customised market segments according to geographical regions, country or even different combinations of manufacturers in the market @

What Are The Main Criterias To Understand The Oilfield Chemicals Consumption Market?

These are the factors that are will essentials to the Oilfield Chemicals Consumption market. If you do not have access to these information, to understand the Oilfield Chemicals Consumption market would be futile:

Market Players Products User Applications Regions
SNF, CNPC, BASF, Nalco Champion, Baker Hughes, Schlumberger, Halliburton, Kemira, Clariant, Lubrizol, Dow, Chevron Phillips, Innospec
  • Alkyl Phenols and Ethoxylated Aps
  • Glutaraldehyde-base Biocides
  • Polyacrylamide
  • Pour Point Depressants
  • Segmentation by application:
  • Oil and Gas
  • Shale Gas

  • Oil and Gas
  • Shale Gas

United States, Canada, Mexico, Brazil, China, Japan, Korea, Southeast Asia, India, Australia, Germany, France, UK, Italy, Russia, Spain, Egypt, South Africa, Israel, Turkey, GCC Countries

Basic Understanding Of The Oilfield Chemicals Consumption Market

By now you must have got an answer to most of your queries on the Oilfield Chemicals Consumption market. This report will provide you an assessment of majorly the following:

  • Overview of the products in the Oilfield Chemicals Consumption market
  • The revenue generation and sales data of the Oilfield Chemicals Consumption market
  • The overview of the market size of Oilfield Chemicals Consumption market
  • The leading manufacturers and suppliers of the Oilfield Chemicals Consumption market
  • The cost analysis strategy of the manufacturers
  • Basic challenges faced by market players depending on their market position

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The major years that will be considered to estimate the market size of Oilfield Chemicals Consumption are as follow:

  • History year: 2013-2017
  • Base year: 2017
  • Estimated year: 2018
  • Forecast year 2018 to 2025

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About the author

Daniel Ndukwu

Daniel is customer success support head at Questale. He loves to read things about crypto, various markets and consumer behaviour in general. To know more about him, follow him on Twitter.

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