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Oilfield Chemicals Market Size, Sales Revenue, Comprehensive Research Study, Demand, CAGR of 4.51%, Segmentation and Forecast to 2026

The global oilfield chemicals market was valued at USD 0.92 billion in 2018 and is expected to reach USD 29.45 billion by year 2026, at a CAGR of 4.51%.


New York, NY -- (SBWIRE) -- 04/15/2021 -- High investments from multinational oil and gas majors such as Suncor Energy, Husky Energy, Shell, Imperial Oil, Cenovus, and ExxonMobil is expected to steer drilling activities over the forecast period. Additionally, large reserves of unconventional hydrocarbon reserves in the form of shale gas, tight oil and oil sands will drive the oilfield chemicals market.

Market Size – USD 0.92 Billion in 2018, Market Growth - CAGR of 4.51%, Market Trends – Product launches and research for advanced Oilfield Chemicals Market

The global Oilfield Chemicals market is expected to reach USD 29.45 Billion by 2026, according to a new report by Reports and Data. Over the past few years, the global energy landscape has changed significantly as a result of technological advances in the recovery of unconventional hydrocarbon resources such as tight oil and shale gas. A number of researches have been established to examine the impacts of extraction and production of unconventional hydrocarbons on surface water, groundwater, and local air quality. The extraction and utilization of such unconventional hydrocarbons poses concerns about their contribution to the atmospheric chemistry and global climate change. Nevertheless, their application in operations including drilling, production, cementing and work over and completion is expected to drive the demand for oilfield chemicals.

Key participants include BASF SE (Germany), Lubrizol Corporation (U.S.), AkzoNobel N.V. (Netherlands), The Dow Chemical Company (U.S.), Schlumberger (U.S.), Halliburton (U.S.), Kemira Oyj (Finland) and Clariant (Switzerland), Nalco (U.S.) and Baker Hughes Incorporated. (U.S.)

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Further key findings from the report suggest

- Mexico will witness significant rise valued at USD 1.6 Billion in 2023. The global oil demand is growing robustly, particularly in India and China. Furthermore, it is expected that oil demand in emerging markets will continue to grow at a remarkable rate. Additionally, the notable growth of shale gas has not only changed the energy landscape in the US, but also in the world such as competing with coal in electricity generation, and redirecting of recent growth in liquefied natural gas (LNG) supply to Europe and Asia.
- In 2015, global offshore oil production which included lease condensate and hydrocarbon gas liquids from deep-water projects reached 9.3 million barrels per day. The deep water production has increased 25% from nearly 7 million b/d a decade ago.
- The advancements in drilling technology, dynamic positioning equipment, and floating production and drilling units have made the prospects feasible that were previously unreachable. This is one of the main aspects which is triggering the growth of the oilfield chemical market. Nevertheless, deep-water projects require more investment and time compared to shallow waters or onshore developments.

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For the purpose of this report, Reports and Data has segmented the global Oilfield Chemicals market basis of Product, Location, Applications and Region:

Product (Revenue, USD Million; 2016–2026)

Rheology Modifiers
Friction Reducers

Location (Revenue, USD Million; 2016–2026)


Applications (Revenue, USD Million; 2016–2026)

Drilling & Cementing
Enhanced Oil Recovery
Well Stimulation
Workover & Completion

Regional (Revenue, USD Million; 2016–2026)

North America
Asia Pacific
Middle East & Africa
Latin America

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Table of Content:

Chapter 1. Market Synopsis
    1.1. Market Definition
    1.2. Research Scope & Premise
    1.3. Methodology
    1.4. Market Estimation Technique
Chapter 2. Executive Summary
    2.1. Summary Snapshot, 2018 - 2026
Chapter 3. Indicative Metrics
Chapter 4. Oilfield Chemicals Segmentation & Impact Analysis
    4.1. Oilfield Chemicals Segmentation Analysis
    4.2. Oilfield Chemicals Market Value Chain Analysis, 2016-2026
    4.3. Regulatory framework
    4.4. Oilfield Chemicals Market Impact Analysis
           4.4.1. Market driver analysis
           4.4.2. Market restraint analysis
    4.5. Key opportunities prioritized
    4.6. Oilfield Chemicals Manufacturing Cost Analysis
    4.7. Industry analysis - Porter's
    4.8. Oilfield Chemicals PESTEL Analysis

Chapter 9 Competitive Landscape
    9.1 Market Revenue Share by Manufacturers
    9.2 Manufacturing Cost Breakdown Analysis
    9.3 Mergers & Acquisitions
    9.4 Market positioning
    9.5 Strategy Benchmarking
    9.6 Vendor Landscape
Chapter 10 Company Profiles
    10.1 BASF SE
            10.1.1 Company Overview
            10.1.2 Financial Performance
            10.1.3 Product Length Benchmarking
            10.1.4 Strategic Initiatives
    10.2 Lubrizol Corporation
            10.2.1 Company Overview
            10.2.2 Financial Performance
            10.2.3 Product Length Benchmarking
            10.2.4 Strategic Initiatives
    10.3 AkzoNobel N.V.
            10.3.1 Company Overview
            10.3.2 Financial Performance
            10.3.3 Product Length Benchmarking
            10.3.4 Strategic Initiatives
    10.4 The Dow Chemical Company
            10.4.1 Company Overview
            10.4.2 Financial Performance
            10.4.3 Product Length Benchmarking
            10.4.4 Strategic Initiatives
    10.5 Schlumberger
            10.5.1 Company Overview
            10.5.2 Financial Performance
            10.5.3 Product Length Benchmarking
            10.5.4 Strategic Initiatives
    10.6 Halliburton
            10.6.1 Company Overview
            10.6.2 Financial Performance
            10.6.3 Product Length Benchmarking
            10.6.4 Strategic Initiatives


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