Oil Field Chemicals Market [2018-2028] Analysis by Demands, Share, trends, Forecast

Summary

Report Description

Global Oil Field Chemicals Market is expected to witness significant growth in the coming years due to deployment of advanced unconventional oil recovery methods. Oil and Gas Industry is known for its volatility since the inception of the first hydrocarbon discovery in Pennsylvania. Crude being a highly volatile substance reflects, how volatile this industry can be. Oil and gas Industry possess massive potential whose end use cannot be easily determined as crude itself is a significant raw material to almost all the chemicals which are manufactured and utilized across broad range of applications that are useful in daily lives.

Oil and Gas Industry is broadly categorized in two major segments which is Upstream and Downstream. Upstream Industry deals with the processes which begins from the discovery of hydrocarbon producing blocks to successful production of crude Oil from underground reservoirs. Whereas Downstream Segment ensures that raw crude oil is properly segregated and refined for the final consumption by end user industries.

From the Investor perspective, it becomes paramount to optimize the cash flow at each node of various operations running under upstream and downstream segments. So huge amount of capital is invested by the industry players to regulate the cashflow in the entire hydrocarbon value chain. Production tools, recovery techniques, drilling technologies, and oil field chemicals are the basic minimum requirements which are consumed at their best limits to generate larger profits. Thus, oil field chemicals have huge impact on oil fields and refineries facilitate the production without damaging any adjoining processes from drilling an oil well to refining by the downstream companies. Its specific usage in operations like drilling, production, workover, cementing, completion, EOR, etc. has made the overall market more investible.

Paradigm Shift Towards Local Manufacturing

Countries across the globe are witnessing rapid development in the local manufacturing of oil field chemicals, linked with the incentivized schemes framed by the government and setup of new manufacturing plants by major oil field chemical companies. Increased production of Oil field chemicals would aid in reducing the cost associated with the supply chain and maintenance thereby ensuring ease accessibility of oil field chemicals in various onshore and offshore oil and gas developmental activities. The Upstream Investment plans in OPEC has significantly increased in 2020 compared to 2019. In 2019, the upstream investment plans stood at around USD30 billion, which increased to around USD36.5 billion in 2020. With rising upstream investments in the OPEC region, the upstream activities are anticipated to increase, resulting in creating more demand for oilfield chemicals in the region over the course of next five years.

Rise of Oil Exploration and Production Activities Will Drive Market Growth

The market is driven by the increase in oil exploration and production activities, which in turn fuels demand for sophisticated drilling fluids, oilfield chemicals, deep-water and ultra-deep-water drilling projects, and the rapid development of shale oil and gas drilling and production. The drilling and cementing segment is expected to dominate the market for the global oilfield chemicals due to the thousands of drilling rigs present around the world, rising crude oil production each year to meet the rising demand to meet the energy requirement, and the use of both organic and inorganic base chemicals. Oilfield chemicals in the drilling segment maintain temperature and stop contaminated goods from getting into the drilling fluid system.

Incorporating Unconventional Techniques to Extract Oil from Tight Fields

Conventional methods to produce oil might work normally in a field where natural energy of the reservoir is sufficient to pull out oil from the earth against high temperature and pressure conditions. However, , those methods are obsolete and needs an improvisation as most of the fields are profitable. Oil and gas assets demand advanced techniques to be deployed to have most of the recoverable oil for further sale to oil refiners. The E&P companies operating in Oil producing countries are switching to new and emerging production techniques, such as hydraulic fracturing, EOR, etc. which is pushing the use of specialty oilfield chemicals as lot of chemical assistance is required for oil and gas extraction through these techniques, thus resulting in boosting demand for oil filed chemicals and driving the growth of Global Oil Field Chemicals.

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Market Segmentation

Global Oil Field Chemicals Market is segmented based on application, oil field type, type, company, and regional distribution. Based on Application Drilling & Cementing, Production, Completion, Midstream & Downstream and Enhance Oil Recovery. Based on the Oil Field Type, the market is divided into Onshore and Offshore. By Type the market is further fragmented into Commodity Oil Field Chemicals, Specialty Oil Field Chemicals. The market analysis also studies the regional segmentation divided among the Middle East & African region, North American region, European region, South American region, and Asia-Pacific region.

Company Profiles

Saudi Arabian Oil Company (Saudi Aramco), PJSC Rosneft Oil Company, Kuwait Petroleum Corporation, National Iranian Oil Company, China National Petroleum Company, ExxonMobil Corporation, Petróleo Brasileiro S.A, Abu Dhabi National Oil Company, Chevron Corporation, Petroleos Mexicanos, are among the major market players in the Global Oil Field Chemicals market.

Attribute	Details
Base Year	2022
Historical Years	2018-2022
Estimated Year	2023
Forecast Period	2024-2028
Quantitative Units	Revenue in USD Million, Volume in Thousand Tonnes, and CAGR for 2018-2022 and 2023E-2028F
Report Coverage	Revenue forecast, company share, competitive landscape, growth factors, and trends
Segments Covered	Application Oil Field Type Type
Regional Scope	Middle East & Africa; North America; Europe; South America; and Asia Pacific.
Country Scope	Saudi Arabia, Iraq, United Arab Emirates, Kuwait, Iran, USA, Canada, Mexico, Russia, Norway, United Kingdom, Brazil, Colombia, Venezuela, Argentina, China, Indonesia, India and Malaysia
Key Companies Profiled	Saudi Arabian Oil Company (Saudi Aramco), PJSC Rosneft Oil Company, Kuwait Petroleum Corporation, National Iranian Oil Company, China National Petroleum Company, ExxonMobil Corporation, Petróleo Brasileiro S.A, Abu Dhabi National Oil Company, Chevron Corporation, Petroleos Mexicanos
Customization Scope	10% free report customization with purchase. Addition or alteration to country, regional & segment scope.
Pricing and Purchase Options	Avail customized purchase options to meet your exact research needs. Explore purchase options
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request)

Report Scope:

In this report, Global Oil Field Chemicals Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

· Oil Field Chemicals Market, By Application:

o Drilling and Cementing

o Production

o Completion

o Midstream & Downstream

o Enhance Oil Recovery

o Others

· Oil Field Chemicals Market, By Oil Field Type:

o Onshore

o Offshore

· Oil Field Chemicals Market, By Type:

o Commodity Oil Field Chemicals

o Specialty Oil Field Chemicals

· Oil Field Chemicals Market, By Region:

o Middle East & Africa

§ Saudi Arabia

§ Iraq

§ United Arab Emirates

§ Kuwait

§ Iran

o North America

§ USA

§ Canada

§ Mexico

o Europe

§ Russia

§ Norway

§ United Kingdom

o South America

§ Brazil

§ Colombia

§ Venezuela

§ Argentina

o Asia-Pacific

§ China

§ Indonesia

§ India

§ Malaysia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Global Oil Field Chemicals Market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Global Oil Field Chemicals Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Product Overview

1.1. Market Definition

1.2. Scope of the Market

1.2.1. Markets Covered

1.2.2. Years Considered for Study

1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Key Industry Partners

2.4. Major Association and Secondary Sources

2.5. Forecasting Methodology

2.6. Data Triangulation & Validation

2.7. Assumptions and Limitations

3. Executive Summary

3.1. Overview of the Market

3.2. Overview of Key Market Segmentations

3.3. Overview of Key Market Players

3.4. Overview of Key Regions/Countries

3.5. Overview of Market Drivers, Challenges, Trends

4. Impact of COVID-19 on Global Oil Field Chemicals Market

5. Voice of Customer

6. Global Oil Field Chemicals Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.1.2. By Volume

6.2. Market Share & Forecast

6.2.1. By Application (Drilling & Cementing, Production, Completion, Midstream & Downstream and Enhance Oil Recovery)

6.2.2. By Oil Field Type (Onshore and Offshore)

6.2.3. By Type (Commodity Oil Field Chemicals and Specialty Oil Field Chemicals)

6.2.4. By Region

6.2.5. By Company (2022)

6.3. Market Map

6.3.1. By Application

6.3.2. By Oil Field Type

6.3.3. By Type

6.3.4. By Region

7. Middle East & Africa Oil Field Chemicals Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.1.2. By Volume

7.2. Market Share & Forecast

7.2.1. By Application

7.2.2. By Oil Field Type

7.2.3. By Type

7.3. Middle East & Africa: Country Analysis

7.3.1. Saudi Arabia Oil Field Chemicals Market Outlook

7.3.1.1. Market Size & Forecast

7.3.1.1.1. By Volume

7.3.1.2. Market Share & Forecast

7.3.1.2.1. By Application

7.3.1.2.2. By Oil Field Type

7.3.1.2.3. By Type

7.3.2. Iraq Oil Field Chemicals Market Outlook

7.3.2.1. Market Size & Forecast

7.3.2.1.1. By Volume

7.3.2.2. Market Share & Forecast

7.3.2.2.1. By Application

7.3.2.2.2. By Oil Field Type

7.3.2.2.3. By Type

7.3.3. United Arab Emirates Oil Field Chemicals Market Outlook

7.3.3.1. Market Size & Forecast

7.3.3.1.1. By Volume

7.3.3.2. Market Share & Forecast

7.3.3.2.1. By Application

7.3.3.2.2. By Oil Field Type

7.3.3.2.3. By Type

7.3.4. Kuwait Oil Field Chemicals Market Outlook

7.3.4.1. Market Size & Forecast

7.3.4.1.1. By Volume

7.3.4.2. Market Share & Forecast

7.3.4.2.1. By Application

7.3.4.2.2. By Oil Field Type

7.3.4.2.3. By Type

7.3.5. Iran Oil Field Chemicals Market Outlook

7.3.5.1. Market Size & Forecast

7.3.5.1.1. By Volume

7.3.5.2. Market Share & Forecast

7.3.5.2.1. By Application

7.3.5.2.2. By Oil Field Type

7.3.5.2.3. By Type

8. North America Oil Field Chemicals Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.1.2. By Volume

8.2. Market Share & Forecast

8.2.1. By Application

8.2.2. By Oil Field Type

8.2.3. By Type

8.3. North America: Country Analysis

8.3.1. United States Oil Field Chemicals Market Outlook

8.3.1.1. Market Size & Forecast

8.3.1.1.1. By Volume

8.3.1.2. Market Share & Forecast

8.3.1.2.1. By Application

8.3.1.2.2. By Oil Field Type

8.3.1.2.3. By Type

8.3.2. Canada Oil Field Chemicals Market Outlook

8.3.2.1. Market Size & Forecast

8.3.2.1.1. By Volume

8.3.2.2. Market Share & Forecast

8.3.2.2.1. By Application

8.3.2.2.2. By Oil Field Type

8.3.2.2.3. By Type

8.3.3. Mexico Oil Field Chemicals Market Outlook

8.3.3.1. Market Size & Forecast

8.3.3.1.1. By Volume

8.3.3.2. Market Share & Forecast

8.3.3.2.1. By Application

8.3.3.2.2. By Oil Field Type

8.3.3.2.3. By Type

9. Europe Oil Field Chemicals Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value

9.1.2. By Volume

9.2. Market Share & Forecast

9.2.1. By Application

9.2.2. By Oil Field Type

9.2.3. By Type

9.3. Europe: Country Analysis

9.3.1. Russia Oil Field Chemicals Market Outlook

9.3.1.1. Market Size & Forecast

9.3.1.1.1. By Volume

9.3.1.2. Market Share & Forecast

9.3.1.2.1. By Application

9.3.1.2.2. By Oil Field Type

9.3.1.2.3. By Type

9.3.2. Norway Oil Field Chemicals Market Outlook

9.3.2.1. Market Size & Forecast

9.3.2.1.1. By Volume

9.3.2.2. Market Share & Forecast

9.3.2.2.1. By Application

9.3.2.2.2. By Oil Field Type

9.3.2.2.3. By Type

9.3.3. United Kingdom Oil Field Chemicals Market Outlook

9.3.3.1. Market Size & Forecast

9.3.3.1.1. By Volume

9.3.3.2. Market Share & Forecast

9.3.3.2.1. By Application

9.3.3.2.2. By Oil Field Type

9.3.3.2.3. By Type

10. South America Oil Field Chemicals Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.1.2. By Volume

10.2. Market Share & Forecast

10.2.1. By Application

10.2.2. By Oil Field Type

10.2.3. By Type

10.3. South America: Country Analysis

10.3.1. Brazil Oil Field Chemicals Market Outlook

10.3.1.1. Market Size & Forecast

10.3.1.1.1. By Volume

10.3.1.2. Market Share & Forecast

10.3.1.2.1. By Application

10.3.1.2.2. By Oil Field Type

10.3.1.2.3. By Type

10.3.2. Colombia Oil Field Chemicals Market Outlook

10.3.2.1. Market Size & Forecast

10.3.2.1.1. By Volume

10.3.2.2. Market Share & Forecast

10.3.2.2.1. By Application

10.3.2.2.2. By Oil Field Type

10.3.2.2.3. By Type

10.3.3. Venezuela Oil Field Chemicals Market Outlook

10.3.3.1. Market Size & Forecast

10.3.3.1.1. By Volume

10.3.3.2. Market Share & Forecast

10.3.3.2.1. By Application

10.3.3.2.2. By Oil Field Type

10.3.3.2.3. By Type

10.3.4. Argentina Oil Field Chemicals Market Outlook

10.3.4.1. Market Size & Forecast

10.3.4.1.1. By Volume

10.3.4.2. Market Share & Forecast

10.3.4.2.1. By Application

10.3.4.2.2. By Oil Field Type

10.3.4.2.3. By Type

11. Asia-Pacific Oil Field Chemicals Market Outlook

11.1. Market Size & Forecast

11.1.1. By Value

11.1.2. By Volume

11.2. Market Share & Forecast

11.2.1. By Application

11.2.2. By Oil Field Type

11.2.3. By Type

11.2.4. By Country

11.3. Asia-Pacific: Country Analysis

11.3.1. China Oil Field Chemicals Market Outlook

11.3.1.1. Market Size & Forecast

11.3.1.1.1. By Volume

11.3.1.2. Market Share & Forecast

11.3.1.2.1. By Application

11.3.1.2.2. By Oil Field Type

11.3.1.2.3. By Type

11.3.2. Indonesia Oil Field Chemicals Market Outlook

11.3.2.1. Market Size & Forecast

11.3.2.1.1. By Volume

11.3.2.2. Market Share & Forecast

11.3.2.2.1. By Application

11.3.2.2.2. By Oil Field Type

11.3.2.2.3. By Type

11.3.3. India Oil Field Chemicals Market Outlook

11.3.3.1. Market Size & Forecast

11.3.3.1.1. By Volume

11.3.3.2. Market Share & Forecast

11.3.3.2.1. By Application

11.3.3.2.2. By Oil Field Type

11.3.3.2.3. By Type

11.3.4. Malaysia Oil Field Chemicals Market Outlook

11.3.4.1. Market Size & Forecast

11.3.4.1.1. By Volume

11.3.4.2. Market Share & Forecast

11.3.4.2.1. By Application

11.3.4.2.2. By Oil Field Type

11.3.4.2.3. By Type

12. Market Dynamics

12.1. Drivers

12.2. Challenges

13. Market Trends and Developments

13.1. Recent Developments

13.2. Mergers & Acquisitions

13.3. Product Launches

14. Company Profiles

14.1. Saudi Arabian Oil Company (Saudi Aramco)

14.2. PJSC Rosneft Oil Company

14.3. Kuwait Petroleum Corporation

14.4. National Iranian Oil Company

14.5. China National Petroleum Company

14.6. ExxonMobil Corporation

14.7. Petróleo Brasileiro S.A

14.8. Abu Dhabi National Oil Company

14.9. Chevron Corporation

14.10. Petroleos Mexicanos

15. Strategic Recommendations

Figures and Tables

Frequently asked questions

Which segment is the dominating by Application in the Global Oil Field Chemicals Market?

Oil Field Chemicals is widely used in maintaining the balance pressure between drilling and reservoir fluid, and for cementing purposes to prevent the well from breakout conditions and therefore, the Drilling and Cementing held the largest market share in the base year 2022.

Which is the fastest growing region in the Global Oil Field Chemicals Market?

North America is the fastest growing region in the Global Oil Field Chemicals Market during the forecast period.

What are the major drivers for the Global Oil Field Chemicals Market?

Growing Focus towards local manufacturing, increase in upstream investment plans in OPEC along with large oil reserves, adoption of new technologies in upstream segment, and rising use of water-based oilfield chemicals for directional drilling are the major drivers for the Global Oil Field Chemicals Market.

Who are the key players operating in the Global Oil Field Chemicals Market?

Some of the key players operating in the Global Oil Field Chemicals Market include Saudi Arabian Oil Company (Saudi Aramco), PJSC Rosneft Oil Company, Kuwait Petroleum Corporation, National Iranian Oil Company, China National Petroleum Company, ExxonMobil Corporation, Petróleo Brasileiro S.A, Abu Dhabi National Oil Company, Chevron Corporation, Petroleos Mexicanos, and others.

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Oil field Chemicals Market to be dominated by Middle East & Africa Region

Mar, 2023

Objective to enhance Hydrocarbon recovery by deploying optimized production techniques that requires optimal usage in Oil field chemicals from onshore and offshore oil fields is driving the growth in

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