Oilfield Chemicals Market, By Type, By Application, By Location, By Geography

Description

The oilfield chemicals market is estimated to be valued at USD 29.37 Bn in 2024 and is expected to reach USD 36.86 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 3.3% from 2024 to 2031.

Figure 1. Oilfield Chemicals Market Share (%), By Region, 2024

The global oilfield chemicals market has been witnessing steady growth over the past few years. Oilfield chemicals are used in various oil and gas exploration and production activities like drilling, fracturing, cementing, completion, and production. They help in improving operational efficiency, reducing non-productive time, and ensuring well integrity during production. Factors such as rising energy demand worldwide, increasing oil & gas exploration activities especially in unconventional reserves, and maturity of existing fields have been driving the demand for oilfield chemicals. However, volatility in crude oil prices remains a major challenge for the market. Overall, the market is expected to continue its growth trajectory over the medium to long term supported by growing needs for chemicals across different stages of oilfield operations.

Market Dynamics:

The global oilfield chemicals market is driven by factors such as rising energy demand worldwide, increasing oil & gas exploration and production activities especially in unconventional reserves of shale gas and tight oil, and maturity of existing oilfields requiring enhancement recovery. However, volatility in crude oil prices poses a major challenge as it leads to an uncertain investment scenario for exploration and production companies. Fluctuating prices make long term capital investments challenging for upstream players. This acts as a key restraint for the growth of the oilfield chemicals market. On the positive side, increasing focus on unconventional reserves production offers significant opportunities. Further, growing utilization of sustainable and bio-based chemicals as a substitute to conventional oilfield chemicals is expected to provide new avenues for market growth over the coming years.

Key Features of the Study:

This report provides an in-depth analysis of the global oilfield chemicals market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year.
It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market.
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
It profiles key players in the global oilfield chemicals market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies.
Key companies covered as a part of this study include Baker Hughes Company, Halliburton, Schlumberger Limited, Dow Chemical Company, Weatherford , Diamoco Group, Royal Dutch Shell Plc, Solvay S.A., The Egyptian Mud Engineering & Chemicals Company, Croda International Plc, Ideal Energy Solutions, LLC, Kemira Oyj, BASF SE, Clariant, ChampionX, Lubrizol Corporation, Stepan Company, Nouryon, Huntsman International LLC, and Albermarle Corporation.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
The global oilfield chemicals market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global oilfield chemicals market.

Detailed Segmentation-

By Type:
- Inhibitors
- Demulsifiers
- Rheology Modifiers
- Friction Reducers
- Biocides
- Surfactants
- Foamers
- Other Products
By Application:
- Drilling
- Production
- Cementing
- Workover & Completion
By Location:
- Onshore
- Offshore
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Company Profiles:
- Baker Hughes Company
- Halliburton
- Schlumberger Limited
- Dow Chemical Company
- Weatherford
- Diamoco Group
- Royal Dutch Shell Plc
- Solvay S.A.
- The Egyptian Mud Engineering & Chemicals Company
- Croda International Plc
- Ideal Energy Solutions, LLC
- Kemira Oyj
- BASF SE
- Clariant
- ChampionX
- Lubrizol Corporation
- Stepan Company
- Nouryon
- Huntsman International LLC
- Albermarle Corporation

Product Code: CMI332

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Type
- Market Snippet, By Application
- Market Snippet, By Location
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
PEST Analysis
PORTER's Five Forces Analysis
Market Opportunities
Regulatory Scenario
Industry Trend
Mergers and Acquisitions

4. Global Oilfield Chemicals Market - Impact of Coronavirus (COVID-19) Pandemic

Overview
Factors Affecting the Global Oilfield Chemicals Market
Impact Analysis

5. Global Oilfield Chemicals Market, By Type, 2019-2031, (US$ Bn & KT)

Introduction
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Inhibitors
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn & KT)
- Segment Trends
Demulsifiers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn & KT)
- Segment Trends
Rheology Modifiers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn & KT)
- Segment Trends
Friction Reducers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn & KT)
- Segment Trends
Biocides
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn & KT)
- Segment Trends
Surfactants
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn & KT)
- Segment Trends
Foamers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn & KT)
- Segment Trends
Other Products
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn & KT)
- Segment Trends

6. Global Oilfield Chemicals Market, By Application, 2019-2031, (US$ Bn & KT)

Introduction
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Drilling
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn & KT)
- Segment Trends
Production
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn & KT)
- Segment Trends
Cementing
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn & KT)
- Segment Trends
Workover & Completion
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn & KT)
- Segment Trends

7. Global Oilfield Chemicals Market, By Location, 2019-2031, (US$ Bn & KT)

Introduction
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Onshore
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn & KT)
- Segment Trends
Offshore
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn & KT)
- Segment Trends

8. Global Oilfield Chemicals Market, By Region, 2019-2031, (US$ Bn & KT)

Introduction
- Market Share Analysis, By Region, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2019-2031
North America
- Introduction
- Market Size and Forecast, By Type, 2019 - 2031, (US$ Bn & KT)
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Bn & KT)
- Market Size and Forecast, By Location, 2019 - 2031, (US$ Bn & KT)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn & KT)
  - U.S.
  - Canada
Latin America
- Introduction
- Market Size and Forecast, By Type, 2019 - 2031, (US$ Bn & KT))
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Bn & KT)
- Market Size and Forecast, By Location, 2019 - 2031, (US$ Bn & KT)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn & KT)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
Europe
- Introduction
- Market Size and Forecast, By Type, 2019 - 2031, (US$ Bn & KT)
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Bn & KT)
- Market Size and Forecast, By Location, 2019 - 2031, (US$ Bn & KT)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn & KT)
  - U.K.
  - Germany
  - Italy
  - France
  - Spain
  - Russia
  - Rest of Europe
Asia Pacific
- Introduction
- Market Size and Forecast, By Type, 2019 - 2031, (US$ Bn & KT)
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Bn & KT)
- Market Size and Forecast, By Location, 2019 - 2031, (US$ Bn & KT)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn & KT)
  - China
  - India
  - Japan
  - ASEAN
  - Australia
  - South Korea
  - Rest of Asia Pacific
Middle East & Africa
- Introduction
- Market Size and Forecast, By Type, 2019 - 2031, (US$ Bn & KT)
- Market Size and Forecast, By Application, 2019 - 2031 (US$ Bn & KT)
- Market Size and Forecast, By Location, 2019 - 2031, (US$ Bn & KT)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn & KT)
  - GCC Countries
  - Israel
  - Rest of Middle East & Africa

9. Competitive Landscape

Market Share Analysis
Company Profiles
- Baker Hughes Company
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Halliburton
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Schlumberger Limited
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Dow Chemical Company
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Weatherford
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Diamoco Group
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Royal Dutch Shell Plc
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Solvay S.A.
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- The Egyptian Mud Engineering & Chemicals Company
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Croda International Plc
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Ideal Energy Solutions, LLC
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Kemira Oyj
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- BASF SE
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Clariant
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- ChampionX
- Lubrizol Corporation
- Stepan Company
- Nouryon
- Huntsman International LLC
- Albermarle Corporation

10. Analyst Recommendations

Wheel of Fortune
Analyst View
Coherent Opportunity Map

11. Section

References
Research Methodology
About Us and Sales Contact
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