Dec 23, 2021   SOURCE: BusinessWire

Global Oilfield Chemicals Market to 2026 - Featuring Akzo Nobel, BASF and Baker Hughes Among Others - ResearchAndMarkets.com

The "Global Oilfield Chemicals Market Outlook to 2026" report has been added to ResearchAndMarkets.com's offering.

The report examines the market drivers and restraints and the impact of Covid-19 on the market growth in detail. The study covers and includes emerging market analysis, trends, market dynamics, developments, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with prominent companies and profiles, including their market shares and projects.

Oilfield chemicals are chemical compounds with applications in Improved Oil Recovery, Drilling Optimization, and Corrosion Protection. According to the publisher, the Global Oilfield Chemicals Market is expected to witness a significant growth rate during the forecasted period. Factors such as the increasing demand and its wide application in oil exploration and production activities, demand for advanced drilling fluid, and rapid expansion of shale drilling & production. Further, due to the growing urbanization and increasing population, the need to fulfill the global energy demand is projected to drive the Global Oilfield Chemicals market.

Further, the increased usage and demand for shale gas and oil across the industry is expected to drive the market. Rising demand for advanced drilling fluid and the growing preference for deep and ultra-deepwater drilling is projected to drive the market. However, frequent crude oil fluctuations, geopolitical tensions, increases in environmental concerns, and expensive disposal techniques are expected to hinder the growth of the Oilfield Chemicals market. Oilfield Chemicals are used to drill and explore gas and oil as demulsifiers, rheology modifiers, surfactant, stimulation chemicals, corrosion inhibitors, anti-corrosion agents, iron control agents, among others.

With thousands of drilling rigs in the world and increasing crude oil production annually to fulfill the increasing demand to meet the energy requirement, and with both organic and inorganic base chemicals used, the drilling and cementing segment is set to drive the market for the global oilfield chemicals. Contract drilling company, Transocean limited reported drilling revenues at USD 653 million in its 2021 quarter one results. Since drilling and cementing is essential to every oil and gas exploration, the need for oilfield chemicals is expected to rise. Nabors Industries, one of the leading drilling companies globally, posted USD 461 million as revenue in their 2021 quarter one results. Further, there is an increased preference for deep and ultra-deepwater drilling, with oil and gas giant ExxonMobil increasing its holding in Argentina to add around 2.6 million net acres to its total holding. Therefore the use of Oilfield Chemicals for drilling and cementing is expected to grow and drive the overall market in the future.

Some of the market's key players are Akzo Nobel N.V, BASF SE, Baker Hughes, Schlumberger Limited, Clariant AG, Solvay S.A., among others.

Key Topics Covered:

1. Executive Summary

2. Research Scope and Methodology

  • 2.1 Aim & Objective of the study
  • 2.2 Market Definition
  • 2.3 Study Information
  • 2.4 General Study Assumptions
  • 2.5 Research Phases

3. Market Analysis

  • 3.1 Introduction
  • 3.2 Market Dynamics
    • 3.2.1 Drivers
    • 3.2.2 Restraints
  • 3.3 Market Trends & Developments
  • 3.4 Market Opportunities
  • 3.5 Regulatory Policies
  • 3.6 Analysis of Covid-19 Impact

4. Industry Analysis

  • 4.1 Supply Chain Analysis
  • 4.2 Porter's Five Forces Analysis
    • 4.2.1 Competition in the Industry
    • 4.2.2 Potential of New Entrants into the Industry
    • 4.2.3 Bargaining Power of Suppliers
    • 4.2.4 Bargaining Power of Consumers
    • 4.2.5 Threat of substitute products

5. Market Segmentation & Forecast

  • 5.1 By Type
    • 5.1.1 Biocides
    • 5.1.2 Corrosion and Scale Inhibitors
    • 5.1.3 Demulsifiers
    • 5.1.4 Surfactants
    • 5.1.5 Polymers
    • 5.1.6 Others
  • 5.2 By Application
    • 5.2.1 Drilling and Cementing
    • 5.2.2 Enhanced Oil Recovery
    • 5.2.3 Production
    • 5.2.4 Well Stimulation
    • 5.2.5 Others

6. Regional Market Analysis

7. Key Company Profiles

8. Competitive Landscape

9. Conclusions and Recommendations

For more information about this report visit https://www.researchandmarkets.com/r/9wbxtx