Specialty Oilfield Chemicals Market - Global Forecast to 2020

“The increasing oil production in some of the regions is expected to drive the market for specialty oilfield chemicals”

The global specialty oilfield chemicals market is projected to reach USD 13.65 billion by 2020, registering a CAGR of 5.5% between 2015 and 2020. The increasing oil production in North America and some countries of the Middle East is expected to propel the demand of specialty oilfield chemicals during the forecast period.

“Production chemicals, followed by EOR are the fastest-growing applications in the specialty oilfield chemicals market”

With recent developments in increasing oil production and improving oil recovery from existing as well as new fields, newer specialty oilfield chemicals and processes are being developed. The production of oil is anticipated to increase due to the active participation of the countries in the Middle East and North America leading to the highest growth rate for production chemicals during the forecast period. On the other hand, EOR process helps to improve the wellbore productivity in a new as well as a mature oilfield. The property of the EOR process to maximize the yield and to improve product quality gives this application an impetus for growth during the forecast period. Because of these factors, production chemicals and EOR account for to be the fastest-growing applications in the specialty oilfield chemicals market.

“The Middle East & Africa is the fastest-growing region in the specialty oilfield chemicals market”
The reserves in certain countries of the Middle East & Africa are nearly unexplored and offer immense potential for growth for the region. Nigeria, Angola, and other parts of Africa have huge amount of unexplored oil & gas reserves that may provide an upsurge to the specialty oilfield chemicals, leading to the market growth during the forecast period. The uplifting of the international sanctions on Iran is definitely expected to provide an impetus to the oil & gas exploration activities in the country.
This study has been validated through primaries conducted with various industry experts, globally. These primary sources have been divided under three categories: By Company Type; By Designation; and By Region.
‧ By Company Type- Tier 1- 22%, Tier 2- 33%, and Tier 3- 45%
‧ By Designation- C Level- 12%, Director Level- 25%, and Others- 63%
‧ By Region- North America- 56%, Europe- 22%, Asia-Pacific- 11%, and RoW- 11%

“Increased drilling and exploration of oil in Venezuela and China are the new growth avenues for the market”
In Venezuela, huge oil reserves have been discovered in the Orinoco Belt. Developing this oilfield will include drilling 10,500 wells, building two refineries and a new coastal export terminal, and upgrading another one. The potential offshore reserves as well as shale reserves discovered in China are expected to drive the demand of specialty oilfield chemicals as these would help to enhance oil production, control corrosion, and prevent wax or paraffin deposition.
The report also provides company profiles and competitive strategies adopted by the major market players such as BASF SE (Germany), AkzoNobel N.V. (Netherlands), The Dow Chemical Company (U.S.), Kemira oyj (Finland), Schlumberger (U.S.), Halliburton (U.S.), Lubrizol Corporation (U.S.), Clariant (Switzerland), Nalco Champion (U.S.) among others.
The report will help the market leaders/new entrants in this market in the following ways:
1. This report segments the specialty oilfield chemicals market comprehensively and provides the closest approximations for the overall market and subsegments across different verticals and regions.
2. This report will help stakeholders to better understand the competitor and gain more insights about the business. The competitive landscape section includes competitor ecosystem, expansions, new product developments, agreements/collaborations, joint ventures, and mergers & acquisitions.

TABLE OF CONTENTS

1 INTRODUCTION 15
1.1 OBJECTIVES OF THE STUDY 15
1.2 MARKET DEFINITION 15
1.3 MARKET SCOPE 16
1.3.1 MARKET SEGMENTATION 16
1.3.2 YEARS CONSIDERED FOR THE STUDY 17
1.4 CURRENCY 17
1.5 LIMITATIONS 17
1.6 STAKEHOLDERS 17
2 RESEARCH METHODOLOGY 18
2.1 RESEARCH DATA 18
2.1.1 SECONDARY DATA 19
2.1.1.1 Key data from secondary sources 19
2.1.2 PRIMARY DATA 20
2.1.2.1 Key data from primary sources 20
2.1.2.2 Key industry insights 21
2.2 MARKET SIZE ESTIMATION 22
2.2.1 BOTTOM-UP APPROACH 22
2.2.2 TOP-DOWN APPROACH 23
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 23
2.4 RESEARCH ASSUMPTIONS AND LIMITATIONS 25
2.4.1 ASSUMPTIONS 25
2.4.2 LIMITATIONS 25
3 EXECUTIVE SUMMARY 26
4 PREMIUM INSIGHTS 31
4.1 SIGNIFICANT MARKET OPPORTUNITIES FOR SPECIALTY OILFIELD CHEMICALS 31
4.2 SHARE OF MAJOR TYPES AND REGIONS IN THE SPECIALTY OILFIELD CHEMICALS MARKET 32
4.3 MODERATE GROWTH IN THE GLOBAL SPECIALTY OILFIELD CHEMICALS MARKET 34
4.4 LIFECYCLE ANALYSIS 35
5 MARKET OVERVIEW 36
5.1 INTRODUCTION 37
5.2 EVOLUTION 38

5.3 MARKET SEGMENTATION 39
5.3.1 TYPE SEGMENTATION 39
5.3.2 APPLICATION SEGMENTATION 40
5.3.3 REGIONAL SEGMENTATION 40
5.4 MARKET DYNAMICS 41
5.4.1 DRIVERS 41
5.4.1.1 Increasing crude oil production 41
5.4.2 RESTRAINTS 42
5.4.2.1 Declining crude oil prices 42
5.4.2.2 Geopolitical issues prevailing in some countries 42
5.4.3 OPPORTUNITIES 43
5.4.3.1 Discovery of new oilfields in developing economies such as Asia-Pacific, Africa, and Latin America 43
5.4.4 CHALLENGES 43
5.4.4.1 Abiding with stringent environmental legislations 43
6 INDUSTRY TRENDS 45
6.1 INTRODUCTION 45
6.2 VALUE-CHAIN ANALYSIS 45
6.2.1 MANUFACTURERS/FORMULATORS 46
6.2.2 SUPPLIERS/DISTRIBUTORS 47
6.2.3 END USERS 47
6.3 PORTER’S FIVE FORCES ANALYSIS 48
6.3.1 THREAT OF NEW ENTRANTS 49
6.3.2 THREAT OF SUBSTITUTES 49
6.3.3 BARGAINING POWER OF BUYERS 49
6.3.4 BARGAINING POWER OF SUPPLIERS 50
6.3.5 INTENSITY OF RIVALRY 50
6.4 STRATEGIC BENCHMARKING 51
6.4.1 REGIONAL INTEGRATION & PRODUCT ENHANCEMENT 51
6.4.2 MARKET PLAYERS PREFERRED ORGANIC GROWTH STRATEGIES TO EXPAND THEIR BUSINESS 52
7 SPECIALTY OILFIELD CHEMICALS MARKET, BY TYPE 53
7.1 INTRODUCTION 54
7.1.1 INHIBITORS & SCAVENGERS 57
7.1.2 DEMULSIFIERS 60
7.1.3 GELLANTS & VISCOSIFIERS 62
7.1.4 FRICTION REDUCERS 63
7.1.5 RHEOLOGY MODIFIERS 64
7.1.6 SPECIALTY SURFACTANTS 65
7.1.7 SPECIALTY BIOCIDES 67
7.1.8 POUR-POINT DEPRESSANTS 68
7.1.9 OTHER SYNTHETIC POLYMERS 69
7.1.10 OTHER NATURAL POLYMERS 69
7.1.11 OTHER SPECIALTY CHEMICALS 70
8 SPECIALTY OILFIELD CHEMICALS MARKET, BY APPLICATION 73
8.1 INTRODUCTION 74
8.2 DRILLING FLUIDS 77
8.3 WELL STIMULATION 79
8.3.1 FRACKING 80
8.4 PRODUCTION CHEMICALS 81
8.5 CEMENTING 83
8.6 WORKOVER & COMPLETION 84
8.7 ENHANCED OIL RECOVERY (EOR) 86
9 SPECIALTY OILFIELD CHEMICALS MARKET, BY REGION 88
9.1 INTRODUCTION 89
9.2 NORTH AMERICA 90
9.2.1 U.S. 93
9.2.2 CANADA 94
9.2.3 MEXICO 95
9.3 EUROPE 96
9.3.1 RUSSIA 98
9.3.2 NORWAY 99
9.3.3 U.K. 100
9.3.4 OTHERS 101
9.4 ASIA-PACIFIC 101
9.4.1 CHINA 105
9.4.2 INDONESIA 106
9.4.3 MALAYSIA 107
9.4.4 INDIA 108
9.4.5 OTHERS 109
9.5 MIDDLE EAST & AFRICA 110
9.5.1 SAUDI ARABIA 114
9.5.2 IRAN 115
9.5.3 IRAQ 116
9.5.4 UAE 117
9.5.5 NIGERIA 118
9.5.6 ANGOLA 119
9.5.7 OTHERS 120

9.6 LATIN AMERICA & ROW 121
9.6.1 BRAZIL 123
9.6.2 VENEZUELA 124
9.6.3 OTHERS 125
10 COMPETITIVE LANDSCAPE 126
10.1 OVERVIEW 126
10.2 COMPETITIVE SITUATIONS AND TRENDS 127
10.2.1 EXPANSIONS 128
10.2.2 NEW PRODUCT/TECHNOLOGY DEVELOPMENTS 129
10.2.3 AGREEMENTS/COLLABORATIONS 131
10.2.4 MERGERS & ACQUISITIONS 132
10.2.5 JOINT VENTURES 134
10.2.6 DIVESTITURES 135
11 COMPANY PROFILES 136
(Overview, Financial*, Products & Services, Strategy, and Developments)
11.1 INTRODUCTION 136
11.2 BASF SE 137
11.3 THE DOW CHEMICAL COMPANY 141
11.4 SCHLUMBERGER LIMITED 144
11.5 HALLIBURTON COMPANY 147
11.6 BAKER HUGHES INC. 150
11.7 AKZONOBEL NV 154
11.8 SOLVAY S.A. 158
11.9 CLARIANT 162
11.10 KEMIRA OYJ 166
11.11 ALBEMARLE CORPORATION 169
11.12 STEPAN COMPANY 171
11.13 NALCO CHAMPION 173
11.14 LUBRIZOL CORPORATION 176
*Details might not be captured in case of unlisted companies.
12 APPENDIX 178
12.1 DISCUSSION GUIDE 178
12.2 INTRODUCING RT: REAL TIME MARKET INTELLIGENCE 182
12.3 AVAILABLE CUSTOMIZATIONS 183
12.4 RELATED REPORTS 184