Oilfield Chemicals Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2022 - 2028

Oilfield Chemicals Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2022 - 2028

Oilfield chemicals enable the production of oil & gas and make it more efficient. Various chemicals are used at diverse stages of process, starting from the borehole drilling, to stimulation and production, and finally to the closing of the borehole. Organic and inorganic, both chemicals are used as base chemicals that provide distinct and sophisticated functionalities such as matrix fluid or as weighting agents in order to increase the specific weight of the drilling fluid.
Oilfield chemicals are used as cementing super plasticizers, corrosion inhibitors, emulsion breakers, drilling additives, and paraffin dispersants. Global oilfield chemicals market continues to witness strong growth as it has led to cost-effective production, extraction, and exploration of oil and natural gas. Oil field chemicals contribute in achieving the greater efficiency and productivity, which cost-effectively maximize the recovery of oil and gas reserves, while minimizing the impact on the environment.
Market Dynamics
Based on applications, oilfield chemicals has been segregated into upstream, midstream, and downstream chemicals. Furthermore, under upstream segment, drilling chemicals category held the significant market share of around 15.0% in the global market in 2021. The growth in unconventional and offshore fields is likely to propel the demand for oilfield chemicals in the coming years.
Among regions, Asia Pacific held dominant position in the global oilfield chemicals market in terms of revenue share, in 2021. Factors such as increasing demand for petroleum-based fuel from transportation sector is predicted to boost the demand for oilfield chemicals in the region. Furthermore, growing number of deep-water drilling operations is likely to provide impetus opportunities for industry players in Asia Pacific in the near future.
Key features of the study:
This report provides in-depth analysis of global oilfield chemicals market and provides market size (US$ Million and KT) and Compound Annual Growth Rate (CAGR 5.5%) for the forecast period (2022-2028), considering 2021 as the base year
It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategy adopted by key players
It profiles key players in the global oilfield chemicals market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
Key companies covered as a part of this study include Baker Hughes Inc., Halliburton, Schlumberger Ltd., Weatherford International Ltd, Diamoco Group, Royal Dutch Shell Plc, Solvay S.A, and The Egyptian Mud Engineering & Chemicals Company.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, technology up-gradation, market expansion, and marketing tactics
The global oilfield chemicals market report caters to various stakeholders in this industry including investors, suppliers, oilfield chemicals 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:
Global Oilfield Chemicals Market, By Application:
Upstream
Drilling Chemicals
Cementing Chemicals
Production Chemicals
Workover & Competion (incl. Flowlines and Production Pipelines)
Stimulation Chemicals
Enhanced Oil Recovery Chemicals
Midstream
Flow Assurance
Cargo Additives
Water Treatment Chemicals
Desalting Chemicals
Slop Oil Movement
Others
Downstream
Petrochemical Additives
Refinery Process Chemical
Refinery and Finished Fuel Additives
Global Oilfield Chemicals Market, By Region:
North America
U.S.
By Application:
Upstream
Drilling Chemicals
Cementing Chemicals
Production Chemicals
Workover & Competion (incl. Flowlines and Production Pipelines)
Stimulation Chemicals
Enhanced Oil Recovery Chemicals
Midstream
Flow Assurance
Cargo Additives
Water Treatment Chemicals
Desalting Chemicals
Slop Oil Movement
Others
Downstream
Petrochemical Additives
Refinery Process Chemical
Refinery and Finished Fuel Additives
Canada
By Application:
Upstream
Drilling Chemicals
Cementing Chemicals
Production Chemicals
Workover & Competion (incl. Flowlines and Production Pipelines)
Stimulation Chemicals
Enhanced Oil Recovery Chemicals
Midstream
Flow Assurance
Cargo Additives
Water Treatment Chemicals
Desalting Chemicals
Slop Oil Movement
Others
Downstream
Petrochemical Additives
Refinery Process Chemical
Refinery and Finished Fuel Additives
South America
Brazil
By Application:
Upstream
Drilling Chemicals
Cementing Chemicals
Production Chemicals
Workover & Competion (incl. Flowlines and Production Pipelines)
Stimulation Chemicals
Enhanced Oil Recovery Chemicals
Midstream
Flow Assurance
Cargo Additives
Water Treatment Chemicals
Desalting Chemicals
Slop Oil Movement
Others
Downstream
Petrochemical Additives
Refinery Process Chemical
Refinery and Finished Fuel Additives
Colombia
By Application:
Upstream
Drilling Chemicals
Cementing Chemicals
Production Chemicals
Workover & Competion (incl. Flowlines and Production Pipelines)
Stimulation Chemicals
Enhanced Oil Recovery Chemicals
Midstream
Flow Assurance
Cargo Additives
Water Treatment Chemicals
Desalting Chemicals
Slop Oil Movement
Others
Downstream
Petrochemical Additives
Refinery Process Chemical
Refinery and Finished Fuel Additives
Mexico
By Application:
Upstream
Drilling Chemicals
Cementing Chemicals
Production Chemicals
Workover & Competion (incl. Flowlines and Production Pipelines)
Stimulation Chemicals
Enhanced Oil Recovery Chemicals
Midstream
Flow Assurance
Cargo Additives
Water Treatment Chemicals
Desalting Chemicals
Slop Oil Movement
Others
Downstream
Petrochemical Additives
Refinery Process Chemical
Refinery and Finished Fuel Additives
Rest of South America
By Application:
Upstream
Drilling Chemicals
Cementing Chemicals
Production Chemicals
Workover & Competion (incl. Flowlines and Production Pipelines)
Stimulation Chemicals
Enhanced Oil Recovery Chemicals
Midstream
Flow Assurance
Cargo Additives
Water Treatment Chemicals
Desalting Chemicals
Slop Oil Movement
Others
Downstream
Petrochemical Additives
Refinery Process Chemical
Refinery and Finished Fuel Additives
Europe
Russia
By Application:
Upstream
Drilling Chemicals
Cementing Chemicals
Production Chemicals
Workover & Competion (incl. Flowlines and Production Pipelines)
Stimulation Chemicals
Enhanced Oil Recovery Chemicals
Midstream
Flow Assurance
Cargo Additives
Water Treatment Chemicals
Desalting Chemicals
Slop Oil Movement
Others
Downstream
Petrochemical Additives
Refinery Process Chemical
Refinery and Finished Fuel Additives
Denmark
By Application:
Upstream
Drilling Chemicals
Cementing Chemicals
Production Chemicals
Workover & Competion (incl. Flowlines and Production Pipelines)
Stimulation Chemicals
Enhanced Oil Recovery Chemicals
Midstream
Flow Assurance
Cargo Additives
Water Treatment Chemicals
Desalting Chemicals
Slop Oil Movement
Others
Downstream
Petrochemical Additives
Refinery Process Chemical
Refinery and Finished Fuel Additives
Norway
By Application:
Upstream
Drilling Chemicals
Cementing Chemicals
Production Chemicals
Workover & Competion (incl. Flowlines and Production Pipelines)
Stimulation Chemicals
Enhanced Oil Recovery Chemicals
Midstream
Flow Assurance
Cargo Additives
Water Treatment Chemicals
Desalting Chemicals
Slop Oil Movement
Others
Downstream
Petrochemical Additives
Refinery Process Chemical
Refinery and Finished Fuel Additives
Italy
By Application:
Upstream
Drilling Chemicals
Cementing Chemicals
Production Chemicals
Workover & Competion (incl. Flowlines and Production Pipelines)
Stimulation Chemicals
Enhanced Oil Recovery Chemicals
Midstream
Flow Assurance
Cargo Additives
Water Treatment Chemicals
Desalting Chemicals
Slop Oil Movement
Others
Downstream
Petrochemical Additives
Refinery Process Chemical
Refinery and Finished Fuel Additives
U.K.
By Application:
Upstream
Drilling Chemicals
Cementing Chemicals
Production Chemicals
Workover & Competion (incl. Flowlines and Production Pipelines)
Stimulation Chemicals
Enhanced Oil Recovery Chemicals
Midstream
Flow Assurance
Cargo Additives
Water Treatment Chemicals
Desalting Chemicals
Slop Oil Movement
Others
Downstream
Petrochemical Additives
Refinery Process Chemical
Refinery and Finished Fuel Additives
Ukraine
By Application:
Upstream
Drilling Chemicals
Cementing Chemicals
Production Chemicals
Workover & Competion (incl. Flowlines and Production Pipelines)
Stimulation Chemicals
Enhanced Oil Recovery Chemicals
Midstream
Flow Assurance
Cargo Additives
Water Treatment Chemicals
Desalting Chemicals
Slop Oil Movement
Others
Downstream
Petrochemical Additives
Refinery Process Chemical
Refinery and Finished Fuel Additives
Rest of Europe
By Application:
Upstream
Drilling Chemicals
Cementing Chemicals
Production Chemicals
Workover & Competion (incl. Flowlines and Production Pipelines)
Stimulation Chemicals
Enhanced Oil Recovery Chemicals
Midstream
Flow Assurance
Cargo Additives
Water Treatment Chemicals
Desalting Chemicals
Slop Oil Movement
Others
Downstream
Petrochemical Additives
Refinery Process Chemical
Refinery and Finished Fuel Additives
Asia Pacific
China
By Application:
Upstream
Drilling Chemicals
Cementing Chemicals
Production Chemicals
Workover & Competion (incl. Flowlines and Production Pipelines)
Stimulation Chemicals
Enhanced Oil Recovery Chemicals
Midstream
Flow Assurance
Cargo Additives
Water Treatment Chemicals
Desalting Chemicals
Slop Oil Movement
Others
Downstream
Petrochemical Additives
Refinery Process Chemical
Refinery and Finished Fuel Additives
India
By Application:
Upstream
Drilling Chemicals
Cementing Chemicals
Production Chemicals
Workover & Competion (incl. Flowlines and Production Pipelines)
Stimulation Chemicals
Enhanced Oil Recovery Chemicals
Midstream
Flow Assurance
Cargo Additives
Water Treatment Chemicals
Desalting Chemicals
Slop Oil Movement
Others
Downstream
Petrochemical Additives
Refinery Process Chemical
Refinery and Finished Fuel Additives
Kazakhstan
By Application:
Upstream
Drilling Chemicals
Cementing Chemicals
Production Chemicals
Workover & Competion (incl. Flowlines and Production Pipelines)
Stimulation Chemicals
Enhanced Oil Recovery Chemicals
Midstream
Flow Assurance
Cargo Additives
Water Treatment Chemicals
Desalting Chemicals
Slop Oil Movement
Others
Downstream
Petrochemical Additives
Refinery Process Chemical
Refinery and Finished Fuel Additives
ASEAN
By Application:
Upstream
Drilling Chemicals
Cementing Chemicals
Production Chemicals
Workover & Competion (incl. Flowlines and Production Pipelines)
Stimulation Chemicals
Enhanced Oil Recovery Chemicals
Midstream
Flow Assurance
Cargo Additives
Water Treatment Chemicals
Desalting Chemicals
Slop Oil Movement
Others
Downstream
Petrochemical Additives
Refinery Process Chemical
Refinery and Finished Fuel Additives
Australia
By Application:
Upstream
Drilling Chemicals
Cementing Chemicals
Production Chemicals
Workover & Competion (incl. Flowlines and Production Pipelines)
Stimulation Chemicals
Enhanced Oil Recovery Chemicals
Midstream
Flow Assurance
Cargo Additives
Water Treatment Chemicals
Desalting Chemicals
Slop Oil Movement
Others
Downstream
Petrochemical Additives
Refinery Process Chemical
Refinery and Finished Fuel Additives
Rest of Asia Pacific
By Application:
Upstream
Drilling Chemicals
Cementing Chemicals
Production Chemicals
Workover & Competion (incl. Flowlines and Production Pipelines)
Stimulation Chemicals
Enhanced Oil Recovery Chemicals
Midstream
Flow Assurance
Cargo Additives
Water Treatment Chemicals
Desalting Chemicals
Slop Oil Movement
Others
Downstream
Petrochemical Additives
Refinery Process Chemical
Refinery and Finished Fuel Additives
Middle East
Iran
By Application:
Upstream
Drilling Chemicals
Cementing Chemicals
Production Chemicals
Workover & Competion (incl. Flowlines and Production Pipelines)
Stimulation Chemicals
Enhanced Oil Recovery Chemicals
Midstream
Flow Assurance
Cargo Additives
Water Treatment Chemicals
Desalting Chemicals
Slop Oil Movement
Others
Downstream
Petrochemical Additives
Refinery Process Chemical
Refinery and Finished Fuel Additives
Iraq
By Application:
Upstream
Drilling Chemicals
Cementing Chemicals
Production Chemicals
Workover & Competion (incl. Flowlines and Production Pipelines)
Stimulation Chemicals
Enhanced Oil Recovery Chemicals
Midstream
Flow Assurance
Cargo Additives
Water Treatment Chemicals
Desalting Chemicals
Slop Oil Movement
Others
Downstream
Petrochemical Additives
Refinery Process Chemical
Refinery and Finished Fuel Additives
Kuwait
By Application:
Upstream
Drilling Chemicals
Cementing Chemicals
Production Chemicals
Workover & Competion (incl. Flowlines and Production Pipelines)
Stimulation Chemicals
Enhanced Oil Recovery Chemicals
Midstream
Flow Assurance
Cargo Additives
Water Treatment Chemicals
Desalting Chemicals
Slop Oil Movement
Others
Downstream
Petrochemical Additives
Refinery Process Chemical
Refinery and Finished Fuel Additives
Qatar
By Application:
Upstream
Drilling Chemicals
Cementing Chemicals
Production Chemicals
Workover & Competion (incl. Flowlines and Production Pipelines)
Stimulation Chemicals
Enhanced Oil Recovery Chemicals
Midstream
Flow Assurance
Cargo Additives
Water Treatment Chemicals
Desalting Chemicals
Slop Oil Movement
Others
Downstream
Petrochemical Additives
Refinery Process Chemical
Refinery and Finished Fuel Additives
Rest of Middle East
By Application:
Upstream
Drilling Chemicals
Cementing Chemicals
Production Chemicals
Workover & Competion (incl. Flowlines and Production Pipelines)
Stimulation Chemicals
Enhanced Oil Recovery Chemicals
Midstream
Flow Assurance
Cargo Additives
Water Treatment Chemicals
Desalting Chemicals
Slop Oil Movement
Others
Downstream
Petrochemical Additives
Refinery Process Chemical
Refinery and Finished Fuel Additives
Africa
Nigeria
By Application:
Upstream
Drilling Chemicals
Cementing Chemicals
Production Chemicals
Workover & Competion (incl. Flowlines and Production Pipelines)
Stimulation Chemicals
Enhanced Oil Recovery Chemicals
Midstream
Flow Assurance
Cargo Additives
Water Treatment Chemicals
Desalting Chemicals
Slop Oil Movement
Others
Downstream
Petrochemical Additives
Refinery Process Chemical
Refinery and Finished Fuel Additives
Algeria
By Application:
Upstream
Drilling Chemicals
Cementing Chemicals
Production Chemicals
Workover & Competion (incl. Flowlines and Production Pipelines)
Stimulation Chemicals
Enhanced Oil Recovery Chemicals
Midstream
Flow Assurance
Cargo Additives
Water Treatment Chemicals
Desalting Chemicals
Slop Oil Movement
Others
Downstream
Petrochemical Additives
Refinery Process Chemical
Refinery and Finished Fuel Additives
Angola
By Application:
Upstream
Drilling Chemicals
Cementing Chemicals
Production Chemicals
Workover & Competion (incl. Flowlines and Production Pipelines)
Stimulation Chemicals
Enhanced Oil Recovery Chemicals
Midstream
Flow Assurance
Cargo Additives
Water Treatment Chemicals
Desalting Chemicals
Slop Oil Movement
Others
Downstream
Petrochemical Additives
Refinery Process Chemical
Refinery and Finished Fuel Additives
Egypt
By Application:
Upstream
Drilling Chemicals
Cementing Chemicals
Production Chemicals
Workover & Competion (incl. Flowlines and Production Pipelines)
Stimulation Chemicals
Enhanced Oil Recovery Chemicals
Midstream
Flow Assurance
Cargo Additives
Water Treatment Chemicals
Desalting Chemicals
Slop Oil Movement
Others
Downstream
Petrochemical Additives
Refinery Process Chemical
Refinery and Finished Fuel Additives
Libya
By Application:
Upstream
Drilling Chemicals
Cementing Chemicals
Production Chemicals
Workover & Competion (incl. Flowlines and Production Pipelines)
Stimulation Chemicals
Enhanced Oil Recovery Chemicals
Midstream
Flow Assurance
Cargo Additives
Water Treatment Chemicals
Desalting Chemicals
Slop Oil Movement
Others
Downstream
Petrochemical Additives
Refinery Process Chemical
Refinery and Finished Fuel Additives
Sudan
By Application:
Upstream
Drilling Chemicals
Cementing Chemicals
Production Chemicals
Workover & Competion (incl. Flowlines and Production Pipelines)
Stimulation Chemicals
Enhanced Oil Recovery Chemicals
Midstream
Flow Assurance
Cargo Additives
Water Treatment Chemicals
Desalting Chemicals
Slop Oil Movement
Others
Downstream
Petrochemical Additives
Refinery Process Chemical
Refinery and Finished Fuel Additives
Chad
By Application:
Upstream
Drilling Chemicals
Cementing Chemicals
Production Chemicals
Workover & Competion (incl. Flowlines and Production Pipelines)
Stimulation Chemicals
Enhanced Oil Recovery Chemicals
Midstream
Flow Assurance
Cargo Additives
Water Treatment Chemicals
Desalting Chemicals
Slop Oil Movement
Others
Downstream
Petrochemical Additives
Refinery Process Chemical
Refinery and Finished Fuel Additives
South Africa
By Application:
Upstream
Drilling Chemicals
Cementing Chemicals
Production Chemicals
Workover & Competion (incl. Flowlines and Production Pipelines)
Stimulation Chemicals
Enhanced Oil Recovery Chemicals
Midstream
Flow Assurance
Cargo Additives
Water Treatment Chemicals
Desalting Chemicals
Slop Oil Movement
Others
Downstream
Petrochemical Additives
Refinery Process Chemical
Refinery and Finished Fuel Additives
Republic of Congo
By Application:
Upstream
Drilling Chemicals
Cementing Chemicals
Production Chemicals
Workover & Competion (incl. Flowlines and Production Pipelines)
Stimulation Chemicals
Enhanced Oil Recovery Chemicals
Midstream
Flow Assurance
Cargo Additives
Water Treatment Chemicals
Desalting Chemicals
Slop Oil Movement
Others
Downstream
Petrochemical Additives
Refinery Process Chemical
Refinery and Finished Fuel Additives
Equatorial Guinea
By Application:
Upstream
Drilling Chemicals
Cementing Chemicals
Production Chemicals
Workover & Competion (incl. Flowlines and Production Pipelines)
Stimulation Chemicals
Enhanced Oil Recovery Chemicals
Midstream
Flow Assurance
Cargo Additives
Water Treatment Chemicals
Desalting Chemicals
Slop Oil Movement
Others
Downstream
Petrochemical Additives
Refinery Process Chemical
Refinery and Finished Fuel Additives
Gabon
By Application:
Upstream
Drilling Chemicals
Cementing Chemicals
Production Chemicals
Workover & Competion (incl. Flowlines and Production Pipelines)
Stimulation Chemicals
Enhanced Oil Recovery Chemicals
Midstream
Flow Assurance
Cargo Additives
Water Treatment Chemicals
Desalting Chemicals
Slop Oil Movement
Others
Downstream
Petrochemical Additives
Refinery Process Chemical
Refinery and Finished Fuel Additives
Rest of Africa
By Application:
Upstream
Drilling Chemicals
Cementing Chemicals
Production Chemicals
Workover & Competion (incl. Flowlines and Production Pipelines)
Stimulation Chemicals
Enhanced Oil Recovery Chemicals
Midstream
Flow Assurance
Cargo Additives
Water Treatment Chemicals
Desalting Chemicals
Slop Oil Movement
Others
Downstream
Petrochemical Additives
Refinery Process Chemical
Refinery and Finished Fuel Additives
Company Profiles
Baker Hughes Inc.*
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments
Future Plans
Halliburton
Schlumberger Ltd.
Weatherford International Ltd
Diamoco Group
Royal Dutch Shell Plc
Solvay S.A
The Egyptian Mud Engineering & Chemicals Company
“*” marked represents similar segmentation in other categories in the respective section.