Oilfield Production Chemicals Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2022 - 2027

Report Code: CMR 95062 Report Format: PDF + Excel

Oilfield Production Chemicals Market Overview

Oilfield production chemicals market size is forecast to reach US$3.6 billion by 2027, after growing at a CAGR of 4.1% during 2022-2027. Oilfield production chemicals like scale inhibitors, demulsifiers, and others are widely used as a drilling fluid to prevent from blocking the flow of liquid through valves, pipelines, and pumps during the processing and production of oil. Oilfield production chemicals are also used for the transportation of crude oil. According to OECD, the total production of crude oil in 2020 is around 93.90 million barrels per day, 95.53 million barrels per day in 2021, and is estimated around 101.05 million barrels per day in 2022 and 102.84 million barrels per day in 2023. Therefore, the growing production of crude oil will boost the oilfield production chemicals market during the forecast period.

COVID-19 Impact

The Covid-19 pandemic has been a major challenge for the oilfield production chemicals market owing to directly affecting the manufacturer's supply chain across the globe and shutting down the production facilities to minimize the risk of virus spread. The oil & gas sector has been highly impacted due to disruption in logistics and supply chain. The production of crude oil has been stopped and also prices of crude oil fluctuated owing to international trade being banned during the pandemic. According to U.S. Energy Information Administration (EIA), as of January 11, 2022, global oil inventories have fallen for six consecutive quarters, declining at an average rate of 2.1 million barrels per day in the second half of 2020 and an average rate of 1.4 million barrels per day in 2021. This resulted in the decline of the overall oil & gas sector and highly impacted the growth of the oilfield production chemicals market. However, for the forecast period, the market is expected to grow owing to gradually increased demand from end-use industries, which is anticipated to impact the oilfield production chemicals market positively.

Report Coverage

The report: “Oilfield Production Chemicals Market – Forecast (2022-2027)”, by IndustryARC, covers an in-depth analysis of the following segments of the Oilfield Production Chemicals industry.

By Type: Demulsifiers, Asphaltene inhibitors, Paraffin inhibitors, Scale inhibitors, Hydrate inhibitors, Biocides, H2S Scavengers, Corrosion inhibitors, Paraffin dispersants, Defoamers, Surfactant acids, and Others.
By Application: Flow Assurance, Oil Water Separator, Oil Gas Separator, Safety Transportation, Equipment protection, Pipeline cleaning, and others.
By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, Italy, France, Netherlands, Belgium, Spain, Russia, and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia, and New Zeeland, Indonesia, Taiwan, Malaysia, and Rest of APAC), and Rest of the World: The Middle East(Saudi Arabia, UAE, Israel, Rest of the Middle East) and Africa(South Africa, Nigeria, Rest of Africa). 

Key Takeaways

  • The Middle East and Africa are expected to register a CAGR of 3.1% during the forecast period (2022-2027). The increasing demand from the oil & gas sector in countries such as Saudi Arabia, Iran Kuwait, and others are driving the oilfield production chemicals market owing to the presence of oil reserves in this region.
  • The growing demand for petroleum-based fuel from the transportation sector is expected to boost the demand for oilfield production chemicals in the forecast period.
  • Oilfield production chemicals are widely used in the production processes of crude oil, drilling, cementing, hydraulic fracturing & other production methods owing to these, the oilfield production chemicals market is anticipated to witness positive growth during the forecast period.


Figure: Middle East Oilfield Production Chemicals Market Revenue, 2021-2027 (US$ Billion)

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Oilfield Production Chemicals Market Segment Analysis – By Type

The demulsifiers segment accounted for around 18% of the market share in 2021 and is estimated to grow at a significant CAGR during the forecast period. Demulsifiers type oilfield production chemical is widely used in the separation of oil emulsion & water during oil production, especially at offshore sites. The demulsifier is also used in onshore oilfield production activities for the separation of oil and water owing to the increased exploration of new oil reservoirs. Equinor along with partners PGNiG Upstream Norway and Longboat Energy Norway has found oil in exploration well 6407 / 1-9 in Egyptian Vulture in November 2021. Therefore, the increase in new reserves will help to increase demand for the use of demulsifiers in oilfield Production and turn will boost demand for oilfield production chemicals during the forecast period.

Oilfield Production Chemicals Market Segment Analysis – By Application

The oil-water separator segments held a significant share in 2021 and are estimated to grow at a significant CAGR during the forecast period owing to the extraction of oil activity for separating water by using oilfield production chemicals. The oil-water separator plays a significant role in driving the demand for oilfield production chemicals as it is one of the major processes for extracting crude oil by separating water from reserves. According to the U.S. Energy Information Administration (EIA), global oil inventories will increase by 0.5 million barrels per day in 2022 and by 0.6 million barrels per day in 2023. Global oil consumption has been increased by 5.5% in 2021 from 2020. Therefore, the increase in oil inventories and consumption of crude oil will boost the demand for oil water separator segments which in turn drive the oilfield production chemicals market during the forecast period.

Oilfield Production Chemicals Market Segment Analysis – By Geography

The Middle East region held a significant share in the oilfield production chemicals market in 2021 and estimated to grow at a CAGR of 3.8% during the forecast period. The presence of oil reserves in countries like the United Arab Eminent, Saudi Arabia, Iraq, Iran, Kuwait, and others is driving the regional growth during the forecast period. According to U.S. Energy Information Administration (EIA), Saudi Arabia holds 15% of the world's proven oil reserves and maintains the world's largest crude oil production capacity at nearly 12 million barrels per day. The UAE holds the seventh-largest proved oil reserves in the world at 98 billion barrels. According to OPEC, the export of crude oil to European countries by Nigeria is around 6.6% and Libya with 6.5%. Therefore, the use of oilfield production chemicals in extracting and transporting of crude oil is boosting the demand for the oilfield production chemicals market during the forecast period.

Oilfield Production Chemicals Market Drivers

The growing demand for advanced drilling fluids

The growing demand for advanced drilling fluids during the extraction of oil is driving the oilfield production chemicals market. The specialty polymers and surfactants are widely used for high-performance drilling fluids. These high-performance drilling fluids are designed to provide a solution for water and oil-based drilling fluids with satisfactory rheology, suspension, fluids loss control, hole cleaning, and other essential functions like rheology modifiers, biocides, emulsifiers, lubricants, corrosion inhibitors, and others. According to U.S. Energy Information Administration (EIA), the total production of crude oil in 2021 is around 11,800 thousand barrels per day in the US, and in Alaska is around 459 thousand barrels per day. Therefore, the growing use for advanced drilling fluid in the extraction of oil will be driving the oilfield production chemicals market during the forecast period. 

Increasing oil production and exploration activities

An increase in the production and exploration activities of oil will drive the oilfield production chemicals market during the forecast period. According to Oil & Gas Journal’s annual assessment, the proven oil reserves of the world is around 1.73 trillion barrels per day in 2020, with a 2.6% higher than 2019 owing to dramatic growth in Iran’s oil reserves reported by the Organization of the Petroleum Exporting Countries (OPEC). According to International Energy Agency, the regional share of crude production in 2020 in the Middle East occupied 30.9%.The increased oil production and exploration activities will increase the demand for oilfield production chemicals across the globe which in turn, will boost the demand for oilfield production chemicals during the forecast period.

Oilfield Production Chemicals Market Challenges

Stringent regulations by the government and the fluctuating rates of prices of crude oil

The regulations for protecting crude oil and other natural resources laid by the government are hindering the oilfield production chemicals market during the forecast period owing to hinder exploration activity across the globe. Also, the fluctuating prices of crude oil in the global market may act as a restrain in the overall growth of the oilfield production chemicals market. According to U.S. Energy Information Administration (EIA), Brent crude oil spot prices increased from an average of US$43 per barrel in the third quarter of 2020 to an average of US$79 per barrel in the fourth quarter of 2021. Brent prices average forecasted to be around US$75 per barrel in 2022 and US$68 per barrel in 2023. Therefore, the stringent regulations by the government and volatile prices of crude oil can hamper the oilfield production chemicals market

Oilfield Production Chemicals Industry Outlook 

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the market. Oilfield Production Chemicals top 10 companies include:

  1. Schlumberger Limited
  2. Clariant AG
  3. Akzo Nobel N.V.
  4. Halliburton Company
  5. BASF SE
  6. Arkema S.A
  7. Huntsman Corporation
  8. Solvay S.A.
  9. Baker Hughes
  10. Dow Dupont Inc. 

Relevant Reports

Oilfield Surfactants Market – Forecast (2022 - 2027)
Report Code: CMR 0021

Production Chemicals Market – Forecast (2022 - 2027)
Report Code: CMR 0752

Organic Corrosion Inhibitors Market – Forecast (2022 - 2027)
Report Code: CMR 0041

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1. Oilfield Production Chemicals Market- Market Overview
    1.1 Definitions and Scope 
2. Oilfield Production Chemicals Market- Executive Summary
    2.1 Key Trends by Type
    2.2 Key Trends by Application
    2.3 Key Trends by Geography
3. Oilfield Production Chemicals Market– Comparative analysis 
    3.1 Market Share Analysis- Major Companies
    3.2 Product Benchmarking- Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis- Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. Oilfield Production Chemicals Market - Startup Companies Scenario Premium
    4.1 Major startup company analysis:
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product portfolio
        4.1.4 Venture Capital and Funding Scenario
5. Oilfield Production Chemicals Market – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis – Major companies
6. Oilfield Production Chemicals Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Buyers
        6.3.3 Threat of New Entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of Substitutes 
7. Oilfield Production Chemicals Market – Strategic Analysis
    7.1 Value/Supply Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product/Market Life Cycle
    7.4 Distributor Analysis – Major Companies
8. Oilfield Production Chemicals Market – By Type (Market Size -US$ Million/Billion)
    8.1 Demulsifiers
    8.2 Asphaltene inhibitors
    8.3 Paraffin inhibitors
    8.4 Scale inhibitors
    8.5 Hydrate inhibitors
    8.6 Biocides
    8.7 H2S Scavengers
    8.8 Corrosion inhibitors
    8.9 Paraffin dispersants
    8.10 Defoamers
    8.11 Surfactant acids
    8.12 Others
9. Oilfield Production Chemicals Market – By Application(Market Size -US$ Million/Billion)
    9.1 Flow Assurance
    9.2 Oil Water Separator
    9.3 Oil Gas Separator
    9.4 Safety Transportation
    9.5 Equipment protection
    9.6 Pipeline cleaning
    9.7 Others 
10. Oilfield Production Chemicals Market - By Geography (Market Size -US$ Million/Billion)
    10.1 North America
        10.1.1 USA
        10.1.2 Canada
        10.1.3 Mexico
    10.2 Europe
        10.2.1 UK
        10.2.2 Germany
        10.2.3 France
        10.2.4 Italy
        10.2.5 Netherlands
        10.2.6 Spain
        10.2.7 Russia
        10.2.8 Belgium
        10.2.9 Rest of Europe
    10.3 Asia-Pacific
        10.3.1 China
        10.3.2 Japan
        10.3.3 India
        10.3.4 South Korea
        10.3.5 Australia and New Zealand
        10.3.6 Indonesia
        10.3.7 Taiwan
        10.3.8 Malaysia
        10.3.9 Rest of APAC
    10.4 South America
        10.4.1 Brazil
        10.4.2 Argentina
        10.4.3 Colombia
        10.4.4 Chile
        10.4.5 Rest of South America
    10.5 Rest of the World
        10.5.1 Middle East
            10.5.1.1 Saudi Arabia
            10.5.1.2 UAE
            10.5.1.3 Israel
            10.5.1.4 Rest of the Middle East
        10.5.2 Africa
            10.5.2.1 South Africa
            10.5.2.2 Nigeria
            10.5.2.3 Rest of Africa
11. Oilfield Production Chemicals Market– Entropy
    11.1 New Product Launches
    11.2 M&As, Collaborations, JVs and Partnerships
12. Oilfield Production Chemicals Market – Industry/Segment Competition Landscape Premium
    12.1 Company Benchmarking – Major Companies
    12.2 Market Share at Global Level - Major companies
    12.3 Market Share by Key Region - Major companies
    12.4 Market Share by Key Country - Major companies
    12.5 Market Share by Key Application - Major companies
    12.6 Market Share by Key Product Type/Product category - Major companies
13. Oilfield Production Chemicals Market – Key Company List by Country Premium Premium
14. Oilfield Production Chemicals Market Company Analysis - Business Overview, Product Portfolio, Financials, and Developments
    14.1 Company 1
    14.2 Company 2
    14.3 Company 3
    14.4 Company 4
    14.5 Company 5
    14.6 Company 6
    14.7 Company 7
    14.8 Company 8
    14.9 Company 9
    14.10 Company 10 and more
"*Financials would be provided on a best efforts basis for private companies"

LIST OF TABLES

1.Global Oilfield Production Chemicals Market Analysis and Forecast , By Type Market 2019-2024 ($M)
2.Global Competition Landscape Market 2019-2024 ($M)
2.1 Competition Deep Dive Market 2019-2024 ($M) - Global Industry Research
2.1.1 Arkema S.A. Market 2019-2024 ($M)
2.1.2 Clariant AG Market 2019-2024 ($M)
2.1.3 BASF SE Market 2019-2024 ($M)
2.1.4 Halliburton Co. Market 2019-2024 ($M)
2.1.5 Albemarle Corporation Company Market 2019-2024 ($M)
2.1.6 Huntsman Corporation Market 2019-2024 ($M)
2.1.7 ECOLAB Inc. Market 2019-2024 ($M)
2.1.8 DowDuPont Inc. Market 2019-2024 ($M)
2.1.9 Schlumberger Limited. Market 2019-2024 ($M)
2.1.10 Solvay S.A. Market 2019-2024 ($M)
2.1.11 Hexion Inc. Market 2019-2024 ($M)
2.1.12 Baker Hughes. Market 2019-2024 ($M)
2.1.13 Akzo Nobel N.V. Market 2019-2024 ($M)
2.1.14 Ashland Holdings Inc. Market 2019-2024 ($M)
3.Global Oilfield Production Chemicals Market Analysis and Forecast , By Type Market 2019-2024 (Volume/Units)
4.Global Competition Landscape Market 2019-2024 (Volume/Units)
4.1 Competition Deep Dive Market 2019-2024 (Volume/Units) - Global Industry Research
4.1.1 Arkema S.A. Market 2019-2024 (Volume/Units)
4.1.2 Clariant AG Market 2019-2024 (Volume/Units)
4.1.3 BASF SE Market 2019-2024 (Volume/Units)
4.1.4 Halliburton Co. Market 2019-2024 (Volume/Units)
4.1.5 Albemarle Corporation Company Market 2019-2024 (Volume/Units)
4.1.6 Huntsman Corporation Market 2019-2024 (Volume/Units)
4.1.7 ECOLAB Inc. Market 2019-2024 (Volume/Units)
4.1.8 DowDuPont Inc. Market 2019-2024 (Volume/Units)
4.1.9 Schlumberger Limited. Market 2019-2024 (Volume/Units)
4.1.10 Solvay S.A. Market 2019-2024 (Volume/Units)
4.1.11 Hexion Inc. Market 2019-2024 (Volume/Units)
4.1.12 Baker Hughes. Market 2019-2024 (Volume/Units)
4.1.13 Akzo Nobel N.V. Market 2019-2024 (Volume/Units)
4.1.14 Ashland Holdings Inc. Market 2019-2024 (Volume/Units)
5.North America Oilfield Production Chemicals Market Analysis and Forecast , By Type Market 2019-2024 ($M)
6.North America Competition Landscape Market 2019-2024 ($M)
6.1 Competition Deep Dive Market 2019-2024 ($M) - Regional Industry Research
6.1.1 Arkema S.A. Market 2019-2024 ($M)
6.1.2 Clariant AG Market 2019-2024 ($M)
6.1.3 BASF SE Market 2019-2024 ($M)
6.1.4 Halliburton Co. Market 2019-2024 ($M)
6.1.5 Albemarle Corporation Company Market 2019-2024 ($M)
6.1.6 Huntsman Corporation Market 2019-2024 ($M)
6.1.7 ECOLAB Inc. Market 2019-2024 ($M)
6.1.8 DowDuPont Inc. Market 2019-2024 ($M)
6.1.9 Schlumberger Limited. Market 2019-2024 ($M)
6.1.10 Solvay S.A. Market 2019-2024 ($M)
6.1.11 Hexion Inc. Market 2019-2024 ($M)
6.1.12 Baker Hughes. Market 2019-2024 ($M)
6.1.13 Akzo Nobel N.V. Market 2019-2024 ($M)
6.1.14 Ashland Holdings Inc. Market 2019-2024 ($M)
7.South America Oilfield Production Chemicals Market Analysis and Forecast , By Type Market 2019-2024 ($M)
8.South America Competition Landscape Market 2019-2024 ($M)
8.1 Competition Deep Dive Market 2019-2024 ($M) - Regional Industry Research
8.1.1 Arkema S.A. Market 2019-2024 ($M)
8.1.2 Clariant AG Market 2019-2024 ($M)
8.1.3 BASF SE Market 2019-2024 ($M)
8.1.4 Halliburton Co. Market 2019-2024 ($M)
8.1.5 Albemarle Corporation Company Market 2019-2024 ($M)
8.1.6 Huntsman Corporation Market 2019-2024 ($M)
8.1.7 ECOLAB Inc. Market 2019-2024 ($M)
8.1.8 DowDuPont Inc. Market 2019-2024 ($M)
8.1.9 Schlumberger Limited. Market 2019-2024 ($M)
8.1.10 Solvay S.A. Market 2019-2024 ($M)
8.1.11 Hexion Inc. Market 2019-2024 ($M)
8.1.12 Baker Hughes. Market 2019-2024 ($M)
8.1.13 Akzo Nobel N.V. Market 2019-2024 ($M)
8.1.14 Ashland Holdings Inc. Market 2019-2024 ($M)
9.Europe Oilfield Production Chemicals Market Analysis and Forecast , By Type Market 2019-2024 ($M)
10.Europe Competition Landscape Market 2019-2024 ($M)
10.1 Competition Deep Dive Market 2019-2024 ($M) - Regional Industry Research
10.1.1 Arkema S.A. Market 2019-2024 ($M)
10.1.2 Clariant AG Market 2019-2024 ($M)
10.1.3 BASF SE Market 2019-2024 ($M)
10.1.4 Halliburton Co. Market 2019-2024 ($M)
10.1.5 Albemarle Corporation Company Market 2019-2024 ($M)
10.1.6 Huntsman Corporation Market 2019-2024 ($M)
10.1.7 ECOLAB Inc. Market 2019-2024 ($M)
10.1.8 DowDuPont Inc. Market 2019-2024 ($M)
10.1.9 Schlumberger Limited. Market 2019-2024 ($M)
10.1.10 Solvay S.A. Market 2019-2024 ($M)
10.1.11 Hexion Inc. Market 2019-2024 ($M)
10.1.12 Baker Hughes. Market 2019-2024 ($M)
10.1.13 Akzo Nobel N.V. Market 2019-2024 ($M)
10.1.14 Ashland Holdings Inc. Market 2019-2024 ($M)
11.APAC Oilfield Production Chemicals Market Analysis and Forecast , By Type Market 2019-2024 ($M)
12.APAC Competition Landscape Market 2019-2024 ($M)
12.1 Competition Deep Dive Market 2019-2024 ($M) - Regional Industry Research
12.1.1 Arkema S.A. Market 2019-2024 ($M)
12.1.2 Clariant AG Market 2019-2024 ($M)
12.1.3 BASF SE Market 2019-2024 ($M)
12.1.4 Halliburton Co. Market 2019-2024 ($M)
12.1.5 Albemarle Corporation Company Market 2019-2024 ($M)
12.1.6 Huntsman Corporation Market 2019-2024 ($M)
12.1.7 ECOLAB Inc. Market 2019-2024 ($M)
12.1.8 DowDuPont Inc. Market 2019-2024 ($M)
12.1.9 Schlumberger Limited. Market 2019-2024 ($M)
12.1.10 Solvay S.A. Market 2019-2024 ($M)
12.1.11 Hexion Inc. Market 2019-2024 ($M)
12.1.12 Baker Hughes. Market 2019-2024 ($M)
12.1.13 Akzo Nobel N.V. Market 2019-2024 ($M)
12.1.14 Ashland Holdings Inc. Market 2019-2024 ($M)
13.MENA Oilfield Production Chemicals Market Analysis and Forecast , By Type Market 2019-2024 ($M)
14.MENA Competition Landscape Market 2019-2024 ($M)
14.1 Competition Deep Dive Market 2019-2024 ($M) - Regional Industry Research
14.1.1 Arkema S.A. Market 2019-2024 ($M)
14.1.2 Clariant AG Market 2019-2024 ($M)
14.1.3 BASF SE Market 2019-2024 ($M)
14.1.4 Halliburton Co. Market 2019-2024 ($M)
14.1.5 Albemarle Corporation Company Market 2019-2024 ($M)
14.1.6 Huntsman Corporation Market 2019-2024 ($M)
14.1.7 ECOLAB Inc. Market 2019-2024 ($M)
14.1.8 DowDuPont Inc. Market 2019-2024 ($M)
14.1.9 Schlumberger Limited. Market 2019-2024 ($M)
14.1.10 Solvay S.A. Market 2019-2024 ($M)
14.1.11 Hexion Inc. Market 2019-2024 ($M)
14.1.12 Baker Hughes. Market 2019-2024 ($M)
14.1.13 Akzo Nobel N.V. Market 2019-2024 ($M)
14.1.14 Ashland Holdings Inc. Market 2019-2024 ($M)

LIST OF FIGURES

1.US Oilfield Production Chemicals Market Revenue, 2019-2024 ($M)
2.Canada Oilfield Production Chemicals Market Revenue, 2019-2024 ($M)
3.Mexico Oilfield Production Chemicals Market Revenue, 2019-2024 ($M)
4.Brazil Oilfield Production Chemicals Market Revenue, 2019-2024 ($M)
5.Argentina Oilfield Production Chemicals Market Revenue, 2019-2024 ($M)
6.Peru Oilfield Production Chemicals Market Revenue, 2019-2024 ($M)
7.Colombia Oilfield Production Chemicals Market Revenue, 2019-2024 ($M)
8.Chile Oilfield Production Chemicals Market Revenue, 2019-2024 ($M)
9.Rest of South America Oilfield Production Chemicals Market Revenue, 2019-2024 ($M)
10.UK Oilfield Production Chemicals Market Revenue, 2019-2024 ($M)
11.Germany Oilfield Production Chemicals Market Revenue, 2019-2024 ($M)
12.France Oilfield Production Chemicals Market Revenue, 2019-2024 ($M)
13.Italy Oilfield Production Chemicals Market Revenue, 2019-2024 ($M)
14.Spain Oilfield Production Chemicals Market Revenue, 2019-2024 ($M)
15.Rest of Europe Oilfield Production Chemicals Market Revenue, 2019-2024 ($M)
16.China Oilfield Production Chemicals Market Revenue, 2019-2024 ($M)
17.India Oilfield Production Chemicals Market Revenue, 2019-2024 ($M)
18.Japan Oilfield Production Chemicals Market Revenue, 2019-2024 ($M)
19.South Korea Oilfield Production Chemicals Market Revenue, 2019-2024 ($M)
20.South Africa Oilfield Production Chemicals Market Revenue, 2019-2024 ($M)
21.North America Oilfield Production Chemicals By Application
22.South America Oilfield Production Chemicals By Application
23.Europe Oilfield Production Chemicals By Application
24.APAC Oilfield Production Chemicals By Application
25.MENA Oilfield Production Chemicals By Application