Oilfield Chemicals Market, By Type (Inhibitors, Demulsifiers, Rheology Modifiers, Friction Reducers, Biocides, Surfactants, Foamers, and Other Products), By Application (Drilling, Production, Cementing, and Workover & Completion), By Location (Onshore and

Oilfield Chemicals Market, By Type (Inhibitors, Demulsifiers, Rheology Modifiers, Friction Reducers, Biocides, Surfactants, Foamers, and Other Products), By Application (Drilling, Production, Cementing, and Workover & Completion), By Location (Onshore and Offshore), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)


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


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
* Browse 25 market data tables* and 20 figures* on “Global Oilfield Chemicals Market” - Global forecast to 2031.

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