Specialty Oilfield Chemicals Market

Executive Summary

Specialty Oilfield Chemicals Market was valued at US $18.22 billion in 2021 and is projected to grow at 7.48% CAGR over the forecast period to reach US $28.09 billion by 2027. Specialty Oilfield Chemicals Market represented US $2.45 billion opportunity over 2019-2021 and estimated to create US $9.87 billion opportunity in 2027 over 2021.

Specialty Oilfield Chemicals from Consainsights analyses the Specialty Oilfield Chemicals Market in the Chemicals & Materials industry over the forecast period to 2027.

Specialty Oilfield Chemicals research report from Consainsights outlines the detailed strategic analysis, trends, market opportunities, growth prospects, industry and market challenges and sustainable solutions to sustain in the competitive environment.

Specialty Oilfield Chemicals segmentation includes Type, Application, Region and Geography.

Based on the Type, the Specialty Oilfield Chemicals analysis covers Demulsifiers, Inhibitors & Scavengers, Rheology Modifiers, Friction Reducers, Specialty Biocides, Specialty Surfactants, Pour Point Depressant, Others.

In Type segment, Demulsifiers segment has highest cagr growth of 6.62%.

Based on the Application, the Specialty Oilfield Chemicals analysis covers Production, Well Stimulation, Drilling Fluids, Enhanced Oil Recovery, Cementing, Workover & Completion.

In Application segment, Production segment has highest cagr growth of 6.62%.

Based on the Region, the Specialty Oilfield Chemicals analysis covers North America, Middle East & Africa, Former Soviet Union, APAC, Europe, South America.

In Region segment, North America segment has highest cagr growth of 6.62%.

Based on the region, the Specialty Oilfield Chemicals analysis covers North America, Europe, Asia-Pacific, Middle-East & Africa, Latin America.

Key companies operating in the market include BASF SE, Ecolab, Clariant, The DOW Chemical Company, Solvay, Schlumberger, Nouryon, Halliburton, Baker Hughes Company, Kemira, Other Company Profiles and so on. This report covers the detailed analysis of the company profiles such as business segments, product portfolio, key brand insights and growth strategies adopted, company SWOT and Strategy analysis along with the financial analysis and analyst insights on the key companies operating in this market.

Market Overview

Definition & Scope

The base currency considered was the US Dollar (USD). Conversion of other currencies to USD was considered on the basis of the average exchange rate for the respective review-period years. The exchange rate conversion for forecast period was determined according to the base year’s conversion rates.

The base year was identified based on the availability of annual reports and secondary information. The base year considered for this study is 2027.

The review period considered for this study is from 2018-2027. The CAGR is for the forecast period, 2022-2027.

Market size estimations for the forecast years were in real terms. Inflation is not part of the pricing, and the average selling price (ASP) was kept constant throughout the forecast period for each country.

Distribution of primary interviews conducted was based on the regional share of the market and the presence of key players in each region.

As a result of data triangulation through multiple methodologies and approaches, the weighted averages of resulting estimates were considered to be the final values.

Currency, Year & Forecast

The currency used in this report is USD, with the market size indicated in terms of USD million/billion.

For companies reporting their revenues in USD, the revenues were taken from their respective annual reports/SEC filings.

For companies reporting their revenues in other currencies, the average annual currency conversion rates were used for a particular year to convert the value to USD Market Definition.

Type

Introduction

In 2021, Demulsifiers segment has the highest revenue of US $6.91 billion and is expected to grow at CAGR of 6.62% by 2027 Demulsifiers segment has highest cagr growth of 6.62%.

Demulsifiers

Demulsifiers segment was valued at US $5.98 billion in 2019 and is projected to grow at 6.62% CAGR over the forecast period to reach US $10.65 billion by 2027. Demulsifiers segment represented US $0.93 billion opportunity over 2019-2021 and estimated to create US $3.74 billion opportunity in 2027 over 2021.

Inhibitors & Scavengers

Inhibitors & Scavengers segment was valued at US $3.87 billion in 2019 and is projected to grow at 6.62% CAGR over the forecast period to reach US $6.90 billion by 2027. Inhibitors & Scavengers segment represented US $0.60 billion opportunity over 2019-2021 and estimated to create US $2.42 billion opportunity in 2027 over 2021.

Rheology Modifiers

Rheology Modifiers segment was valued at US $2.28 billion in 2019 and is projected to grow at 6.62% CAGR over the forecast period to reach US $4.07 billion by 2027. Rheology Modifiers segment represented US $0.35 billion opportunity over 2019-2021 and estimated to create US $1.43 billion opportunity in 2027 over 2021.

Friction Reducers

Friction Reducers segment was valued at US $1.58 billion in 2019 and is projected to grow at 6.62% CAGR over the forecast period to reach US $2.81 billion by 2027. Friction Reducers segment represented US $0.24 billion opportunity over 2019-2021 and estimated to create US $0.99 billion opportunity in 2027 over 2021.

Specialty Biocides

Specialty Biocides segment was valued at US $0.97 billion in 2019 and is projected to grow at 6.62% CAGR over the forecast period to reach US $1.73 billion by 2027. Specialty Biocides segment represented US $0.15 billion opportunity over 2019-2021 and estimated to create US $0.61 billion opportunity in 2027 over 2021.

Specialty Surfactants

Specialty Surfactants segment was valued at US $0.54 billion in 2019 and is projected to grow at 6.62% CAGR over the forecast period to reach US $0.96 billion by 2027. Specialty Surfactants segment represented US $0.08 billion opportunity over 2019-2021 and estimated to create US $0.34 billion opportunity in 2027 over 2021.

Pour Point Depressant

Pour Point Depressant segment was valued at US $0.39 billion in 2019 and is projected to grow at 6.62% CAGR over the forecast period to reach US $0.70 billion by 2027. Pour Point Depressant segment represented US $0.06 billion opportunity over 2019-2021 and estimated to create US $0.25 billion opportunity in 2027 over 2021.

Others

Others segment was valued at US $0.15 billion in 2019 and is projected to grow at 6.62% CAGR over the forecast period to reach US $0.27 billion by 2027. Others segment represented US $0.02 billion opportunity over 2019-2021 and estimated to create US $0.10 billion opportunity in 2027 over 2021.

Application

Introduction

In 2021, Production segment has the highest revenue of US $7.20 billion and is expected to grow at CAGR of 6.62% by 2027 Production segment has highest cagr growth of 6.62%.

Production

Production segment was valued at US $6.24 billion in 2019 and is projected to grow at 6.62% CAGR over the forecast period to reach US $11.11 billion by 2027. Production segment represented US $0.97 billion opportunity over 2019-2021 and estimated to create US $3.90 billion opportunity in 2027 over 2021.

Well Stimulation

Well Stimulation segment was valued at US $3.99 billion in 2019 and is projected to grow at 6.62% CAGR over the forecast period to reach US $7.10 billion by 2027. Well Stimulation segment represented US $0.62 billion opportunity over 2019-2021 and estimated to create US $2.50 billion opportunity in 2027 over 2021.

Drilling Fluids

Drilling Fluids segment was valued at US $2.08 billion in 2019 and is projected to grow at 6.62% CAGR over the forecast period to reach US $3.70 billion by 2027. Drilling Fluids segment represented US $0.32 billion opportunity over 2019-2021 and estimated to create US $1.30 billion opportunity in 2027 over 2021.

Enhanced Oil Recovery

Enhanced Oil Recovery segment was valued at US $1.85 billion in 2019 and is projected to grow at 6.62% CAGR over the forecast period to reach US $3.30 billion by 2027. Enhanced Oil Recovery segment represented US $0.29 billion opportunity over 2019-2021 and estimated to create US $1.16 billion opportunity in 2027 over 2021.

Cementing

Cementing segment was valued at US $0.75 billion in 2019 and is projected to grow at 6.62% CAGR over the forecast period to reach US $1.33 billion by 2027. Cementing segment represented US $0.12 billion opportunity over 2019-2021 and estimated to create US $0.47 billion opportunity in 2027 over 2021.

Workover & Completion

Workover & Completion segment was valued at US $0.87 billion in 2019 and is projected to grow at 6.62% CAGR over the forecast period to reach US $1.55 billion by 2027. Workover & Completion segment represented US $0.13 billion opportunity over 2019-2021 and estimated to create US $0.54 billion opportunity in 2027 over 2021.

Region

Introduction

In 2021, North America segment has the highest revenue of US $7.31 billion and is expected to grow at CAGR of 6.62% by 2027 North America segment has highest cagr growth of 6.62%.

North America

North America segment was valued at US $6.33 billion in 2019 and is projected to grow at 6.62% CAGR over the forecast period to reach US $11.27 billion by 2027. North America segment represented US $0.98 billion opportunity over 2019-2021 and estimated to create US $3.96 billion opportunity in 2027 over 2021.

Middle East & Africa

Middle East & Africa segment was valued at US $3.67 billion in 2019 and is projected to grow at 6.62% CAGR over the forecast period to reach US $6.54 billion by 2027. Middle East & Africa segment represented US $0.57 billion opportunity over 2019-2021 and estimated to create US $2.30 billion opportunity in 2027 over 2021.

Former Soviet Union

Former Soviet Union segment was valued at US $2.07 billion in 2019 and is projected to grow at 6.62% CAGR over the forecast period to reach US $3.69 billion by 2027. Former Soviet Union segment represented US $0.32 billion opportunity over 2019-2021 and estimated to create US $1.30 billion opportunity in 2027 over 2021.

APAC

APAC segment was valued at US $1.72 billion in 2019 and is projected to grow at 6.62% CAGR over the forecast period to reach US $3.07 billion by 2027. APAC segment represented US $0.27 billion opportunity over 2019-2021 and estimated to create US $1.08 billion opportunity in 2027 over 2021.

Europe

Europe segment was valued at US $1.08 billion in 2019 and is projected to grow at 6.62% CAGR over the forecast period to reach US $1.93 billion by 2027. Europe segment represented US $0.17 billion opportunity over 2019-2021 and estimated to create US $0.68 billion opportunity in 2027 over 2021.

South America

South America segment was valued at US $0.89 billion in 2019 and is projected to grow at 6.62% CAGR over the forecast period to reach US $1.59 billion by 2027. South America segment represented US $0.14 billion opportunity over 2019-2021 and estimated to create US $0.56 billion opportunity in 2027 over 2021.