Global Oil Fields Chemical Market Overview:
According to SPER Market Research, the Global Oil Fields Chemical Market is estimated to reach USD 35.07 billion by 2032 with a CAGR of 3.43%.
Oilfield Chemicals are chemical substances that are used to increase the efficacy and efficiency of oilfield activities.Oilfield chemicals are also used to clean equipment, machinery, oil, and oil sites. These chemicals help in the management of a smooth-running oilfield, resulting in fewer expenses due to drilling delays and stoppages. These chemicals prevent metal scale formation and reduce the quantity of water pumped into oil wells during exploration and drilling, leading in a rise in demand for and usage of oilfield chemicals.
Impact of COVID-19 on the Global Oil Fields Chemical Market
The market for Global Oil Fields Chemicals was negatively impacted by the COVID-19 outbreak. The market saw a sharp decline in the demand from several industries. The COVID-19 outbreak has had a significant impact on the oil and gas as it resulted in lockdown, which had an impact on several end-use sectors due to interruptions in vendor operations and the supply chain. Major interruptions have affected the production facilities. The supply and price of raw materials have fluctuated as a result of border closures and export bans.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Type, By Application |
| Regions covered | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Companies Covered | Albermale, Ashland, Baker Hughes Incorporated, BASF SE, Chevron Philips Chemical Company, Clariant, Croda, Geo Specialty Chemicals, Halliburton, Huntsman, Innospec Inc., Kemira, Kraton, National Oilwell Varco, Nouryon, Oil Field Chemicals Market Key Player, Oleon, Schlumberger Limited, The Dow Chemical Company Solvay Ecolab Inc., Thermax
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Global Oil Fields Chemical Market Segmentation:
By Type: Based on the Type, Global Oil Fields Chemical Market is segmented as; Corrison and Scale Inhibitors, Demulsifiers, Foamers, Friction Reducers, Inhibitors, Pour Point Depressants, Rheology Modifiers, Scavengers, Speciality Biocides, Speciality Surfactants.
By Application: Based on the Application, Global Oil Fields Chemical Market is segmented as; Cement
Drilling, Medicines and Treatments, Producers, Stimulation.
By Region: North America led the worldwide oil field chemicals market. Due to its growing uses in the workover & completion and production sectors, the industry in the area is a well-established and mature sector. Additionally, its demand is influenced by the quantity of active wells in different basins.
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1 Research data source
2.1.1 Secondary data
2.1.2 Primary data
2.1.3 SPER’s internal database
2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2. COVID-19 Impacts of the Global Oil Fields Chemical Market
5. Market variables and outlook
5.1. SWOT analysis
5.1.1 Strengths
5.1.2 Weaknesses
5.1.3 Opportunities
5.1.4 Threats
5.2. PESTEL analysis
5.2.1 Political landscape
5.2.2 Economic landscape
5.2.3 Social landscape
5.2.4 Technological landscape
5.2.5 Environmental landscape
5.2.6 Legal landscape
5.3. PORTER’S five forces analysis
5.3.1 Bargaining power of suppliers
5.3.2 Bargaining power of Buyers
5.3.3 Threat of Substitute
5.3.4 Threat of new entrant
5.3.5 Competitive rivalry
5.4. Heat map analysis
6. Global Oil Fields Chemical Market, By Type, 2019-2032 (USD Million)
6.1. Corrison and Scale Inhibitors
6.2. Demulsifiers
6.3. Foamers
6.4. Friction Reducers
6.5. Inhibitors
6.6. Pour Point Depressants
6.7. Rheology Modifiers
6.8. Scavengers
6.9. Speciality Biocides
6.10. Speciality Surfactants
7. Global Oil Fields Chemical Market, By Application, 2019-2032 (USD Million)
7.1. Cement
7.2. Drilling
7.3. Medicines and Treatments
7.4. Producers
7.5. Stimulation
8. Global Oil Fields Chemical Market, By Region, 2019-2032 (USD Million)
8.1. North America
8.1.1. United States
8.1.2. Canada
8.1.3. Mexico
8.2. Europe
8.2.1. Germany
8.2.2. United Kingdom
8.2.3. France
8.2.4. Italy
8.2.5. Spain
8.2.6. Rest of Europe
8.3. Asia-Pacific
8.3.1. China
8.3.2. Japan
8.3.3. India
8.3.4. Australia
8.3.5. South Korea
8.3.6. Rest of Asia-Pacific
8.4. South America
8.4.1. Brazil
8.4.2. Argentina
8.4.3. Rest of South America
8.5. Middle East & Africa
8.5.1. Kingdom of Saudi Arabia
8.5.2. United Arab Emirates
8.5.3. Rest of Middle East & Africa
9. Company Profiles
9.1. Albermale
9.1.1. Company details
9.1.2. Financial outlook
9.1.3. Product summary
9.1.4. Recent developments
9.2. Ashland
9.2.1. Company details
9.2.2. Financial outlook
9.2.3. Product summary
9.2.4. Recent developments
9.3. Baker Hughes Incorporated
9.3.1. Company details
9.3.2. Financial outlook
9.3.3. Product summary
9.3.4. Recent developments
9.4. BASF SE
9.4.1. Company details
9.4.2. Financial outlook
9.4.3. Product summary
9.4.4. Recent developments
9.5. Chevron Philips Chemical Company
9.5.1. Company details
9.5.2. Financial outlook
9.5.3. Product summary
9.5.4. Recent developments
9.6. Clariant
9.6.1. Company details
9.6.2. Financial outlook
9.6.3. Product summary
9.6.4. Recent developments
9.7. Croda
9.7.1. Company details
9.7.2. Financial outlook
9.7.3. Product summary
9.7.4. Recent developments
9.8. Geo Specialty Chemicals
9.8.1. Company details
9.8.2. Financial outlook
9.8.3. Product summary
9.8.4. Recent developments
9.9. Halliburton
9.9.1. Company details
9.9.2. Financial outlook
9.9.3. Product summary
9.9.4. Recent developments
9.10. Huntsman
9.10.1. Company details
9.10.2. Financial outlook
9.10.3. Product summary
9.10.4. Recent developments
9.11. Innospec Inc.
9.11.1. Company details
9.11.2. Financial outlook
9.11.3. Product summary
9.11.4. Recent developments
9.12. Kemira
9.12.1. Company details
9.12.2. Financial outlook
9.12.3. Product summary
9.12.4. Recent developments
9.13. Kraton
9.13.1. Company details
9.13.2. Financial outlook
9.13.3. Product summary
9.13.4. Recent developments
9.14. National Oilwell Varco
9.14.1. Company details
9.14.2. Financial outlook
9.14.3. Product summary
9.14.4. Recent developments
9.15. Nouryon
9.15.1. Company details
9.15.2. Financial outlook
9.15.3. Product summary
9.15.4. Recent developments
9.16. Oil Field Chemicals Market Key Player
9.16.1. Company details
9.16.2. Financial outlook
9.16.3. Product summary
9.16.4. Recent developments
9.17. Oleon
9.17.1. Company details
9.17.2. Financial outlook
9.17.3. Product summary
9.17.4. Recent developments
9.18. Schlumberger Limited
9.18.1. Company details
9.18.2. Financial outlook
9.18.3. Product summary
9.18.4. Recent developments
9.19. The Dow Chemical Company Solvay Ecolab Inc.
9.19.1. Company details
9.19.2. Financial outlook
9.19.3. Product summary
9.19.4. Recent developments
9.20. Thermax
9.20.1. Company details
9.20.2. Financial outlook
9.20.3. Product summary
9.20.4. Recent developments
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
