Market Insights:

Specialty oilfield chemicals are commonly used to recover oil and reduce environmental impact in the process efficiently. The global specialty oilfield chemicals market is poised to experience growth at a significant pace during the forecast period from 2018 to 2023. Market Research Future has made this projection among others in its newest report on the subject.

Key Players:

The key players in the global specialty oilfield chemicals market include Akzo Nobel NV (Netherlands), BASF SE (Germany), DowDuPont (USA), Global Drilling Fluids & Chemicals Limited (India), Huntsman International LLC (USA), KMCO LLC (USA), Roemex Limited (UK), Sadara (Saudi Arabia), Shrieve (USA), SMC Oilfield Chemicals (USA), Solvay (Belgium), and Thermax Global (India)

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Used during production, enhanced oil recovery, drilling, and other oil & gas activities, specialty oilfield chemicals are also used to prevent wax formation in oil, and for the scaling and reduced corrosion of pipe walls. Many other applications for these chemicals exist in the oil & gas industry. The broad scope of application and variety of chemicals used for various necessary purposes drives market growth considerably. Moreover, the high demand for energy and fuel is growing continuously with the population. Several industries are growing at a swift pace and often require oil & gas. For instance the high demand for fuel from consumers who are increasingly buying automotive vehicles. Research and innovation to ensure a reduced negative impact of oil & gas activities on the environment are likely to reveal key market opportunities in the coming years.

Latest Industry News:

Oilfield chemical provider Innospec Inc. has announced a series of investments designed to further expand its capabilities in research, development and technical service for its performance chemicals business. 21 JAN 2019
Halliburton, one of the world's largest oil field service firm, has acquired Houston based Athlon Solutions. Athlon is a now a part of Halliburton's specialty oilfield chemicals business division, Multi-Chem. 22 AUG 2019
Versalis, Mazrui Energy Services (a Mazrui International Company), a leading service company in the Oil & Gas industry in the Middle East, and Petrochem (a Mazrui Energy Services Company), a leading manufacturer of drilling fluids, have signed an agreement to establish Versalis Petrochem Mazrui (VPM), a joint venture for the commercialization of innovative chemicals for the Oil & Gas industry in the Abu Dhabi. 15 NOV 2018
Specialty oilfield chemicals are useful for recovering oil and for reducing environmental impact in the process efficiently. Market Research Future (MRFR) has published a research report about the global specialty oilfield chemicals market that predicts growth for this market between 2018 and 2023.

The key market driver for the global specialty oilfield chemicals market growth is the increasing demand for specialty oilfield chemicals in the oil & gas industry and the use of specialty oilfield chemicals in various industries. Other factors driving the market growth include prevention of corrosion, prevention of scale formation in pipelines, and reduction of losses. Some other benefits that specialty oilfield chemicals offer microbial control in oil refining, such as sulfate growth control that can minimize the formation of H2S.

Segments:

The global specialty oilfield chemicals market has been segmented on the basis of application, type, and lastly, region. The application-based segmentation has segmented this market into cementing, drilling, enhanced oil recovery (EOR), production, and stimulation. By type, the market has been segmented into biocide, clay stabilizer, corrosion inhibitor, demulsifier, deoiler, fluid loss additive, pour point depressant, scale inhibitor, and others.

The regional segmentation of the global specialty oilfield chemicals market segments the global market into regional markets namely North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa (MEA). North America holds the largest market share in the global market due to the increased use of these chemicals in the oil & gas industry. In this region, the crucial country-specific markets are the USA and Canada.

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Regions:

The MEA region and Asia Pacific region are the other substantial markets. The MEA region is the second-largest market due to the increasing product demand in major oil-producing countries such as Iran, Kuwait, and Saudi Arabia. Other important country-specific markets in this region are Bahrain, Iran, Israel, Kuwait, Oman, Qatar, Turkey, and United Arab Emirates (UAE), followed by the remaining countries of the MEA region. In the Africa segment of the MEA region, most of the relevant market is in North Africa. In the Asia Pacific region, the primary country-specific markets are Australia, China, India, Japan, and New Zealand, followed by the remaining countries of the Asia Pacific region. Presence of growing economies is the reason for market growth in the Asia Pacific region.

During the forecast period, the markets in Europe and Latin America are expected to witness moderate growth. The most important country-specific markets in Europe are France, Germany, Italy, Russia, Poland, Spain, and the UK. Important country-specific markets in Latin America are Argentina, Brazil, and Mexico, followed by the remaining the remaining countries of Latin America.

TABLE OF CONTENTS

1 Executive Summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

3 Market Research Methodology