Oilfield Chemicals Market Size:
The Oilfield Chemicals Market was USD 28.5 billion in 2023 and is expected to reach USD 40.2 billion by 2032, growing at a CAGR of 3.9 % over the forecast period of 2024-2032.
An increase in oil and gas exploration activities, especially in offshore and unconventional reserves, is one of the major drivers for the growth of the oilfield chemical market. Energy companies are scrambling to explore lost reserves fast as global energy demand rises. Deepwater, ultra-deepwater offshore projects, shale gas, and tight oil production demand shipping more sophisticated drilling and production technologies. Drilling fluids, cementing additives, stimulation chemicals, and other oilfield chemicals are key to maximizing operational performance, improving well output, as well as dealing with issues such as high-pressure, and high-temperature (HPHT). These factors further fuel the demand for this segment as dedicated chemicals are required to maximize the extraction of a resource while adhering to environmental and operational standards.
In the United States, the development of shale resources has been particularly impactful. The EIA reports that in 2023, about 3.04 billion barrels (or approximately 8.32 million barrels per day) of crude oil were produced directly from tight-oil resources, accounting for about 64% of total U.S. crude oil production.
The application of smart technologies to the activities of oilfields is already changing the way that oilfield chemicals are being utilized by increasing the efficiency and accuracy of their usage. Cutting-edge innovations such as real-time monitoring, data analytics, and artificial intelligence (AI) are used to optimize the consumption of chemicals, minimize waste, and increase well productivity. They enable operators to observe reservoir state and chemical performance in real time and facilitate predictive maintenance, which helps minimize downtime. As an example, smart chemical injection systems, dosing inhibitors, demulsifies, or friction reducers accurately only when needed, contributing to cost reduction and environmental protection. Furthermore, digital twins and connected devices enable improved decision-making about chemical needs especially within the drilling and production environment, which can be complex.
Drivers
Increasing usage of eco-friendly oilfield chemicals drives market growth.
Eco-friendly oilfield chemicals are one of the main drivers of the market as it aims to provide optimal chemical usage while also benefitting the environment. Rising environmental regulations and awareness of their effects have forced oilfield operators to utilize biodegradable and non-toxic chemicals, particularly in the areas of drilling, production, and well-stimulation processes. Such sustainable alternatives reduce harmful waste and water pollution, thereby providing a solution for shrinking the environmental footprint. Green corrosion inhibitors and plant-based surfactants, for example, are gaining momentum as they perform equally well, or better than traditional chemicals with lower environmental compliance standards. In addition, the global oil and gas industry is encouraging advancement towards sustainability and carbon neutrality through government initiatives, which is also boosting the demand for eco-friendly chemical technologies and the growth of the market over the forecast period.
The U.S. Department of Agriculture (USDA) reported that the biobased products industry, which includes eco-friendly oilfield chemicals, contributed USD 470 billion to the U.S. economy in 2023.
Restraint
Competition from alternative technologies may hamper the market growth.
The availability of alternative technologies poses significant competition to the oilfield chemicals market in the years to come. The oil and gas industry is evolving and innovative technologies are in place to lessen the need for biocides, corrosion inhibitors, and other chemical solutions. As another example, there is an emerging interest in electric fracturing and other new stimulation methods because they may be much less energy-intensive and environmentally damaging by having little or no reliance on large quantities of chemical additives that are usually used for hydraulic fracturing. In addition to causing less environmental impact, these technologies also allow for savings by decreasing the use of chemicals and improving operational efficiency. These alternative technologies are gradually reducing the United States market acceptance of traditional oilfield chemistries and, therefore, competition for chemical-based solutions, and they may even diminish the United States market growth.
Market segmentation
By Product
Rheology modifiers held the largest market share around 28% in 2023. It is because they are extremely important in improving the flow properties of the fluids such as drilling, completion, and production fluids. This allows drilling muds, cement slurries, and fracturing fluids to quickly respond to changes in temperature–effectively modifying viscosity and flow properties to remain effective under downhole conditions. Rheology modifiers enhance the mobility of fluids thus avoiding pipe sticking, and fluid loss to formation, which contributes to better well control and more efficient hydraulic fracturing operations. This makes them particularly important in offshore and unconventional oilfields, where the ability to maintain fluid consistency at high-pressure, high-temperature conditions is critical. Consequently, their ubiquitous utilization in drilling, stimulation and production has entrenched their commanding market share as they are vital to sustaining operational performance in the oil and gas sector.
By Location
The onshore segment held the largest market share around 63% in 2023. It is due to oil and gas reserves located onshore and these reserves continue to be the major contributors of global oil. Given that onshore oilfields are easier and cheaper to explore and extract than offshore fields, they remain a focus for global oil and gas producers. Further, the operational cost of onshore drilling is usually less, the logistics are simpler, and the project time is less, which are again some factors leading to high oilfield chemical demand which includes drilling fluids, demulsifiers, corrosion inhibitors, etc. High mature onshore fields within regions such as North America, the Middle East, Russia also present a large number of mature oil field chemicals used to improve production and optimize recovery rates. Despite the ongoing growth of onshore operations accompanied by increasingly unique chemical solutions to optimize efficiency, the dominant market contributor is still the onshore segment.
By Application
Workover & Completion held the largest market share around 42% in 2023. The workover & completion process plays an important role in maintaining and improving the productivity of oil and gas wells. Workover operations are used to repair, re-stimulate, or improve flows from existing wells, whereas completion operations will allow new well bores to be prepared for production. The well integrity and well flow efficiency are achieved through the use of a variety of chemicals such as corrosion inhibitors, friction reducers, cementing agents, etc, for these activities. Straddling mature fields, workover and completion activities become critical to production, recovery rates, and well-being. A growing number of aging wells along with the need for improved oil recovery techniques have led to increased demand for oilfield chemicals in workover and completion operations, thus, it accounted for the highest market share. In addition, the demand for specialized chemicals in this segment is further driven by advancements in completion techniques (hydraulic fracturing).
Regional Analysis
North America held the largest market share around 40% in 2023. which is mainly attributable to the high activity of the oil and gas sector in the United States and Canada. The rapid growth of shale oil production in the U.S. and the active development of other unconventional oil resources, such as tight oil, make the United States one of the most significant oil and gas producers in the world. Such advancements necessitate sophisticated oilfield chemicals for hydraulic fracturing, well stimulation, drilling, and completion operations. Further, the conducive chemical solution market environment in North America can be attributed to the presence of several established players, infrastructure, technology, and investments in R&D of eco-friendly and efficient chemical solutions. The other regional markets are the Middle East and Africa, and the overall regulators conditioning the area creating anticipations for innovative application of chemicals with sustainability potential forms the key demand for specialty chemicals. This leaves North America at the front of the oilfield chemicals market, driven by a high level of exploration, production, and well rejuvenation activity.
Key Players
BASF SE (Basorol, Irgacor)
Schlumberger Limited (MI SWACO, CemWELL)
Halliburton (Baroid, ConDET)
Baker Hughes (X-tend, Poly-Clear)
Chevron Phillips Chemical (Drill-Treat, Toluene)
Clariant (Dissolvine, Phasetreat)
Dow (VERSENE, ECOSURF)
Nalco Champion (EC6113A, EC6106A)
Croda International (Demulsifiers, FlowSolve)
Stepan Company (PetroStep, STEPANTEX)
SNF Group (Flopam, FLOQUAT)
AkzoNobel (Armohib, Ethylan)
Solvay (AEROSOL, Rhodacal)
Ashland (DREWFLOC, Drewplus)
Huntsman Corporation (Surfonic, Jeffsol)
Kemira (Superfloc, KemEguard)
Albemarle Corporation (Ethacure, Maxhib)
Innospec (DIESELENE, OLISEAL)
Lamberti Group (Cetex, Flojel)
Thermax Limited (Demin, Thermax FloChlor)
Recent Development:
In 2024: BASF launched new chemical solutions aimed at enhancing the efficiency of hydraulic fracturing operations. Their new product, Basorol, is designed to improve fluid recovery while minimizing environmental impact, especially in water-intensive operations.
In 2023: Schlumberger introduced CemWELL, a state-of-the-art well cementing technology, designed to reduce the risk of wellbore failure by providing superior sealing performance in challenging environments, including deepwater and high-pressure applications.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | USD 28.5 Billion |
| Market Size by 2032 | USD40.2 Billion |
| CAGR | CAGR of 3.9% From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Product (Inhibitors, Demulsifiers, Rheology Modifiers, Friction Reducers, Biocides, Surfactants, Foamers, Other) • By Location (Onshore, Offshore), • By Application (Drilling, Production, Cementing, Workover & Completion) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
| Company Profiles | BASF SE, Schlumberger Limited, Halliburton, Baker Hughes, Chevron Phillips Chemical, Clariant, Dow, Nalco Champion, Croda International, Stepan Company, SNF Group, AkzoNobel, Solvay, Ashland, Huntsman Corporation, Kemira, Albemarle Corporation, Innospec, Lamberti Group, Thermax Limited. |
| Key Drivers | •Increasing usage of eco-friendly oilfield chemicals drives market growth. |
| Restraints | •Competition from alternative technologies may hamper the market growth. |
Ans: The Oilfield Chemicals Market was valued at USD 28.5 Billion in 2023.
Ans: The expected CAGR of the global Oilfield Chemicals Market during the forecast period is 3.9%.
Ans: The Workover & Completion application will grow rapidly in the Oilfield Chemicals Market from 2024-2032.
Ans: Increasing usage of eco-friendly oilfield chemicals drives market growth.
Ans: The North America led the Oilfield Chemicals Market in the region with the highest revenue share in 2023.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope (Inclusion and Exclusions)
1.3 Research Assumptions
2. Executive Summary
2.1 Market Overview
2.2 Regional Synopsis
2.3 Competitive Summary
3. Research Methodology
3.1 Top-Down Approach
3.2 Bottom-up Approach
3.3. Data Validation
3.4 Primary Interviews
4. Market Dynamics Impact Analysis
4.1 Market Driving Factors Analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2 PESTLE Analysis
4.3 Porter’s Five Forces Model
5. Statistical Insights and Trends Reporting
5.1 By Production Capacity and Utilization, by Country, By Type, 2023
5.2 Feedstock Prices, by Country, By Type, 2023
5.3 Regulatory Impact, by l Country, By Type, 2023.
5.4 Environmental Metrics: Emissions Data, Waste Management Practices, and Sustainability Initiatives, by Region
5.5 Innovation and R&D, Type, 2023
6. Competitive Landscape
6.1 List of Major Companies, By Region
6.2 Market Share Analysis, By Region
6.3 Product Benchmarking
6.3.1 Product specifications and features
6.3.2 Pricing
6.4 Strategic Initiatives
6.4.1 Marketing and promotional activities
6.4.2 Distribution and Supply Chain Strategies
6.4.3 Expansion plans and new Product launches
6.4.4 Strategic partnerships and collaborations
6.5 Technological Advancements
6.6 Market Positioning and Branding
7. Oilfield Chemicals Market Segmentation, by Product
7.1 Chapter Overview
7.2 Inhibitors
7.2.1 Inhibitors Market Trends Analysis (2020-2032)
7.2.2 Inhibitors Market Size Estimates and Forecasts to 2032 (USD Billion)
7.3 Demulsifiers
7.3.1 Demulsifiers Market Trends Analysis (2020-2032)
7.3.2 Demulsifiers Market Size Estimates and Forecasts to 2032 (USD Billion)
7.4 Rheology Modifiers
7.4.1 Rheology Modifiers Market Trends Analysis (2020-2032)
7.4.2 Rheology Modifiers Market Size Estimates and Forecasts to 2032 (USD Billion)
7.5 Friction Reducers
7.5.1 Friction Reducers Market Trends Analysis (2020-2032)
7.5.2 Friction Reducers Market Size Estimates and Forecasts to 2032 (USD Billion)
7.6 Biocides
7.6.1 Biocides Market Trends Analysis (2020-2032)
7.6.2 Biocides Market Size Estimates and Forecasts to 2032 (USD Billion)
7.7 Surfactants
7.7.1 Surfactants Market Trends Analysis (2020-2032)
7.7.2 Surfactants Market Size Estimates and Forecasts to 2032 (USD Billion)
7.8 Foamers
7.8.1 Foamers Market Trends Analysis (2020-2032)
7.8.2 Foamers Market Size Estimates and Forecasts to 2032 (USD Billion)
7.9 Other
7.9.1 Other Market Trends Analysis (2020-2032)
7.9.2 Other Market Size Estimates and Forecasts to 2032 (USD Billion)
8. Oilfield Chemicals Market Segmentation, by Location
8.1 Chapter Overview
8.2 Onshore
8.2.1 Onshore Market Trends Analysis (2020-2032)
8.2.2 Onshore Market Size Estimates and Forecasts to 2032 (USD Billion)
8.3 Offshore
8.3.1 Offshore Market Trends Analysis (2020-2032)
8.3.2 Offshore Market Size Estimates and Forecasts to 2032 (USD Billion)
9. Oilfield Chemicals Market Segmentation, by Application
9.1 Chapter Overview
9.2 Drilling
9.2.1 Drilling Market Trends Analysis (2020-2032)
9.2.2 Drilling Market Size Estimates and Forecasts to 2032 (USD Billion)
9.3 Production
9.3.1 Production Market Trends Analysis (2020-2032)
9.3.2 Production Market Size Estimates and Forecasts to 2032 (USD Billion)
9.4 Cementing
9.4.1 Cementing Market Trends Analysis (2020-2032)
9.4.2 Cementing Market Size Estimates and Forecasts to 2032 (USD Billion)
9.5 Workover & Completion
9.5.1 Workover & Completion Market Trends Analysis (2020-2032)
9.5.2 Workover & Completion Market Size Estimates and Forecasts to 2032 (USD Billion)
10. Regional Analysis
10.1 Chapter Overview
10.2 North America
10.2.1 Trends Analysis
10.2.2 North America Oilfield Chemicals Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.2.3 North America Oilfield Chemicals Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.2.4 North America Oilfield Chemicals Market Estimates and Forecasts, by Location (2020-2032) (USD Billion)
10.2.5 North America Oilfield Chemicals Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.2.6 USA
10.2.6.1 USA Oilfield Chemicals Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.2.6.2 USA Oilfield Chemicals Market Estimates and Forecasts, by Location (2020-2032) (USD Billion)
10.2.6.3 USA Oilfield Chemicals Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.2.7 Canada
10.2.7.1 Canada Oilfield Chemicals Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.2.7.2 Canada Oilfield Chemicals Market Estimates and Forecasts, by Location (2020-2032) (USD Billion)
10.2.7.3 Canada Oilfield Chemicals Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.2.8 Mexico
10.2.8.1 Mexico Oilfield Chemicals Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.2.8.2 Mexico Oilfield Chemicals Market Estimates and Forecasts, by Location (2020-2032) (USD Billion)
10.2.8.3 Mexico Oilfield Chemicals Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3 Europe
10.3.1 Eastern Europe
10.3.1.1 Trends Analysis
10.3.1.2 Eastern Europe Oilfield Chemicals Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.3.1.3 Eastern Europe Oilfield Chemicals Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.3.1.4 Eastern Europe Oilfield Chemicals Market Estimates and Forecasts, by Location (2020-2032) (USD Billion)
10.3.1.5 Eastern Europe Oilfield Chemicals Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.1.6 Poland
10.3.1.6.1 Poland Oilfield Chemicals Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.3.1.6.2 Poland Oilfield Chemicals Market Estimates and Forecasts, by Location (2020-2032) (USD Billion)
10.3.1.6.3 Poland Oilfield Chemicals Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.1.7 Romania
10.3.1.7.1 Romania Oilfield Chemicals Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.3.1.7.2 Romania Oilfield Chemicals Market Estimates and Forecasts, by Location (2020-2032) (USD Billion)
10.3.1.7.3 Romania Oilfield Chemicals Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.1.8 Hungary
10.3.1.8.1 Hungary Oilfield Chemicals Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.3.1.8.2 Hungary Oilfield Chemicals Market Estimates and Forecasts, by Location (2020-2032) (USD Billion)
10.3.1.8.3 Hungary Oilfield Chemicals Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.1.9 Turkey
10.3.1.9.1 Turkey Oilfield Chemicals Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.3.1.9.2 Turkey Oilfield Chemicals Market Estimates and Forecasts, by Location (2020-2032) (USD Billion)
10.3.1.9.3 Turkey Oilfield Chemicals Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.1.10 Rest of Eastern Europe
10.3.1.10.1 Rest of Eastern Europe Oilfield Chemicals Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.3.1.10.2 Rest of Eastern Europe Oilfield Chemicals Market Estimates and Forecasts, by Location (2020-2032) (USD Billion)
10.3.1.10.3 Rest of Eastern Europe Oilfield Chemicals Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.2 Western Europe
10.3.2.1 Trends Analysis
10.3.2.2 Western Europe Oilfield Chemicals Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.3.2.3 Western Europe Oilfield Chemicals Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.3.2.4 Western Europe Oilfield Chemicals Market Estimates and Forecasts, by Location (2020-2032) (USD Billion)
10.3.2.5 Western Europe Oilfield Chemicals Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.2.6 Germany
10.3.2.6.1 Germany Oilfield Chemicals Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.3.2.6.2 Germany Oilfield Chemicals Market Estimates and Forecasts, by Location (2020-2032) (USD Billion)
10.3.2.6.3 Germany Oilfield Chemicals Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.2.7 France
10.3.2.7.1 France Oilfield Chemicals Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.3.2.7.2 France Oilfield Chemicals Market Estimates and Forecasts, by Location (2020-2032) (USD Billion)
10.3.2.7.3 France Oilfield Chemicals Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.2.8 UK
10.3.2.8.1 UK Oilfield Chemicals Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.3.2.8.2 UK Oilfield Chemicals Market Estimates and Forecasts, by Location (2020-2032) (USD Billion)
10.3.2.8.3 UK Oilfield Chemicals Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.2.9 Italy
10.3.2.9.1 Italy Oilfield Chemicals Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.3.2.9.2 Italy Oilfield Chemicals Market Estimates and Forecasts, by Location (2020-2032) (USD Billion)
10.3.2.9.3 Italy Oilfield Chemicals Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.2.10 Spain
10.3.2.10.1 Spain Oilfield Chemicals Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.3.2.10.2 Spain Oilfield Chemicals Market Estimates and Forecasts, by Location (2020-2032) (USD Billion)
10.3.2.10.3 Spain Oilfield Chemicals Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.2.11 Netherlands
10.3.2.11.1 Netherlands Oilfield Chemicals Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.3.2.11.2 Netherlands Oilfield Chemicals Market Estimates and Forecasts, by Location (2020-2032) (USD Billion)
10.3.2.11.3 Netherlands Oilfield Chemicals Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.2.12 Switzerland
10.3.2.12.1 Switzerland Oilfield Chemicals Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.3.2.12.2 Switzerland Oilfield Chemicals Market Estimates and Forecasts, by Location (2020-2032) (USD Billion)
10.3.2.12.3 Switzerland Oilfield Chemicals Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.2.13 Austria
10.3.2.13.1 Austria Oilfield Chemicals Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.3.2.13.2 Austria Oilfield Chemicals Market Estimates and Forecasts, by Location (2020-2032) (USD Billion)
10.3.2.13.3 Austria Oilfield Chemicals Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.2.14 Rest of Western Europe
10.3.2.14.1 Rest of Western Europe Oilfield Chemicals Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.3.2.14.2 Rest of Western Europe Oilfield Chemicals Market Estimates and Forecasts, by Location (2020-2032) (USD Billion)
10.3.2.14.3 Rest of Western Europe Oilfield Chemicals Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.4 Asia Pacific
10.4.1 Trends Analysis
10.4.2 Asia Pacific Oilfield Chemicals Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.4.3 Asia Pacific Oilfield Chemicals Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.4.4 Asia Pacific Oilfield Chemicals Market Estimates and Forecasts, by Location (2020-2032) (USD Billion)
10.4.5 Asia Pacific Oilfield Chemicals Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.4.6 China
10.4.6.1 China Oilfield Chemicals Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.4.6.2 China Oilfield Chemicals Market Estimates and Forecasts, by Location (2020-2032) (USD Billion)
10.4.6.3 China Oilfield Chemicals Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.4.7 India
10.4.7.1 India Oilfield Chemicals Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.4.7.2 India Oilfield Chemicals Market Estimates and Forecasts, by Location (2020-2032) (USD Billion)
10.4.7.3 India Oilfield Chemicals Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.4.8 Japan
10.4.8.1 Japan Oilfield Chemicals Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.4.8.2 Japan Oilfield Chemicals Market Estimates and Forecasts, by Location (2020-2032) (USD Billion)
10.4.8.3 Japan Oilfield Chemicals Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.4.9 South Korea
10.4.9.1 South Korea Oilfield Chemicals Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.4.9.2 South Korea Oilfield Chemicals Market Estimates and Forecasts, by Location (2020-2032) (USD Billion)
10.4.9.3 South Korea Oilfield Chemicals Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.4.10 Vietnam
10.4.10.1 Vietnam Oilfield Chemicals Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.4.10.2 Vietnam Oilfield Chemicals Market Estimates and Forecasts, by Location (2020-2032) (USD Billion)
10.4.10.3 Vietnam Oilfield Chemicals Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.4.11 Singapore
10.4.11.1 Singapore Oilfield Chemicals Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.4.11.2 Singapore Oilfield Chemicals Market Estimates and Forecasts, by Location (2020-2032) (USD Billion)
10.4.11.3 Singapore Oilfield Chemicals Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.4.12 Australia
10.4.12.1 Australia Oilfield Chemicals Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.4.12.2 Australia Oilfield Chemicals Market Estimates and Forecasts, by Location (2020-2032) (USD Billion)
10.4.12.3 Australia Oilfield Chemicals Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.4.13 Rest of Asia Pacific
10.4.13.1 Rest of Asia Pacific Oilfield Chemicals Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.4.13.2 Rest of Asia Pacific Oilfield Chemicals Market Estimates and Forecasts, by Location (2020-2032) (USD Billion)
10.4.13.3 Rest of Asia Pacific Oilfield Chemicals Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.5 Middle East and Africa
10.5.1 Middle East
10.5.1.1 Trends Analysis
10.5.1.2 Middle East Oilfield Chemicals Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.5.1.3 Middle East Oilfield Chemicals Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.5.1.4 Middle East Oilfield Chemicals Market Estimates and Forecasts, by Location (2020-2032) (USD Billion)
10.5.1.5 Middle East Oilfield Chemicals Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.5.1.6 UAE
10.5.1.6.1 UAE Oilfield Chemicals Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.5.1.6.2 UAE Oilfield Chemicals Market Estimates and Forecasts, by Location (2020-2032) (USD Billion)
10.5.1.6.3 UAE Oilfield Chemicals Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.5.1.7 Egypt
10.5.1.7.1 Egypt Oilfield Chemicals Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.5.1.7.2 Egypt Oilfield Chemicals Market Estimates and Forecasts, by Location (2020-2032) (USD Billion)
10.5.1.7.3 Egypt Oilfield Chemicals Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.5.1.8 Saudi Arabia
10.5.1.8.1 Saudi Arabia Oilfield Chemicals Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.5.1.8.2 Saudi Arabia Oilfield Chemicals Market Estimates and Forecasts, by Location (2020-2032) (USD Billion)
10.5.1.8.3 Saudi Arabia Oilfield Chemicals Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.5.1.9 Qatar
10.5.1.9.1 Qatar Oilfield Chemicals Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.5.1.9.2 Qatar Oilfield Chemicals Market Estimates and Forecasts, by Location (2020-2032) (USD Billion)
10.5.1.9.3 Qatar Oilfield Chemicals Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.5.1.10 Rest of Middle East
10.5.1.10.1 Rest of Middle East Oilfield Chemicals Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.5.1.10.2 Rest of Middle East Oilfield Chemicals Market Estimates and Forecasts, by Location (2020-2032) (USD Billion)
10.5.1.10.3 Rest of Middle East Oilfield Chemicals Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.5.2 Africa
10.5.2.1 Trends Analysis
10.5.2.2 Africa Oilfield Chemicals Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.5.2.3 Africa Oilfield Chemicals Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.5.2.4 Africa Oilfield Chemicals Market Estimates and Forecasts, by Location (2020-2032) (USD Billion)
10.5.2.5 Africa Oilfield Chemicals Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.5.2.6 South Africa
10.5.2.6.1 South Africa Oilfield Chemicals Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.5.2.6.2 South Africa Oilfield Chemicals Market Estimates and Forecasts, by Location (2020-2032) (USD Billion)
10.5.2.6.3 South Africa Oilfield Chemicals Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.5.2.7 Nigeria
10.5.2.7.1 Nigeria Oilfield Chemicals Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.5.2.7.2 Nigeria Oilfield Chemicals Market Estimates and Forecasts, by Location (2020-2032) (USD Billion)
10.5.2.7.3 Nigeria Oilfield Chemicals Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.5.2.8 Rest of Africa
10.5.2.8.1 Rest of Africa Oilfield Chemicals Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.5.2.8.2 Rest of Africa Oilfield Chemicals Market Estimates and Forecasts, by Location (2020-2032) (USD Billion)
10.5.2.8.3 Rest of Africa Oilfield Chemicals Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.6 Latin America
10.6.1 Trends Analysis
10.6.2 Latin America Oilfield Chemicals Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.6.3 Latin America Oilfield Chemicals Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.6.4 Latin America Oilfield Chemicals Market Estimates and Forecasts, by Location (2020-2032) (USD Billion)
10.6.5 Latin America Oilfield Chemicals Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.6.6 Brazil
10.6.6.1 Brazil Oilfield Chemicals Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.6.6.2 Brazil Oilfield Chemicals Market Estimates and Forecasts, by Location (2020-2032) (USD Billion)
10.6.6.3 Brazil Oilfield Chemicals Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.6.7 Argentina
10.6.7.1 Argentina Oilfield Chemicals Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.6.7.2 Argentina Oilfield Chemicals Market Estimates and Forecasts, by Location (2020-2032) (USD Billion)
10.6.7.3 Argentina Oilfield Chemicals Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.6.8 Colombia
10.6.8.1 Colombia Oilfield Chemicals Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.6.8.2 Colombia Oilfield Chemicals Market Estimates and Forecasts, by Location (2020-2032) (USD Billion)
10.6.8.3 Colombia Oilfield Chemicals Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.6.9 Rest of Latin America
10.6.9.1 Rest of Latin America Oilfield Chemicals Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.6.9.2 Rest of Latin America Oilfield Chemicals Market Estimates and Forecasts, by Location (2020-2032) (USD Billion)
10.6.9.3 Rest of Latin America Oilfield Chemicals Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
11. Company Profiles
11.1 BASF SE
11.1.1 Company Overview
11.1.2 Financial
11.1.3 Product/ Services Offered
11.1.4 SWOT Analysis
11.2 Schlumberger Limited
11.2.1 Company Overview
11.2.2 Financial
11.2.3 Product/ Services Offered
11.2.4 SWOT Analysis
11.3 Halliburton
11.3.1 Company Overview
11.3.2 Financial
11.3.3 Product/ Services Offered
11.3.4 SWOT Analysis
11.4 Baker Hughes
11.4.1 Company Overview
11.4.2 Financial
11.4.3 Product/ Services Offered
11.4.4 SWOT Analysis
11.5 Chevron Phillips Chemical
11.5.1 Company Overview
11.5.2 Financial
11.5.3 Product/ Services Offered
11.5.4 SWOT Analysis
11.6 Clariant
11.6.1 Company Overview
11.6.2 Financial
11.6.3 Product/ Services Offered
11.6.4 SWOT Analysis
11.7 Dow
11.7.1 Company Overview
11.7.2 Financial
11.7.3 Product/ Services Offered
11.7.4 SWOT Analysis
11.8 Nalco Champion
11.8.1 Company Overview
11.8.2 Financial
11.8.3 Product/ Services Offered
11.8.4 SWOT Analysis
11.9 Croda International
11.9.1 Company Overview
11.9.2 Financial
11.9.3 Product/ Services Offered
11.9.4 SWOT Analysis
11.10 Stepan Company
11.10.1 Company Overview
11.10.2 Financial
11.10.3 Product/ Services Offered
11.10.4 SWOT Analysis
12. Use Cases and Best Practices
13. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
Key Segments:
By Product
Inhibitors
Demulsifiers
Rheology Modifiers
Friction Reducers
Biocides
Surfactants
Foamers
Other
By Location
Onshore
Offshore
By Application
Drilling
Production
Cementing
Workover & Completion
Request for Segment Customization as per your Business Requirement: Segment Customization Request
Regional Coverage:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
Request for Country Level Research Report: Country Level Customization Request
Available Customization
With the given market data, SNS Insider offers customization as per the company’s specific needs. The following customization options are available for the report:
Product Analysis
Criss-Cross segment analysis (e.g. Product X Application)
Product Matrix which gives a detailed comparison of the product portfolio of each company
Geographic Analysis
Additional countries in any of the regions
Company Information
Detailed analysis and profiling of additional market players (Up to five)
Hydrocolloids Market size was USD 11.5 billion in 2023 and is expected to reach USD 18.9 billion by 2032, growing at a CAGR of 5.6% from 2024 to 2032.
The Furfural Derivatives Market Size was valued at USD 13.2 Billion in 2023 and is expected to reach USD 21.4 Billion by 2032 and grow at a CAGR of 5.5% over the forecast period 2024-2032.
The Aromatherapy Market Size was valued at USD 7.19 Billion in 2023 and is expected to reach USD 14.55 Bn by 2032, growing at a CAGR of 18.18% over the forecast period of 2024-2032.
The Advanced Composites Market size was valued at USD 38.5 billion in 2023 and is expected to reach USD 91.1 Billion by 2032, growing at a CAGR of 10.07% Over the Forecast Peroid of 2024-2032.
Bioresorbable Polymers Market was valued at USD 1.49 billion in 2023 and is expected to reach USD 4.73 billion by 2032, at a CAGR of 13.70% from 2024-2032.
Thermoplastic Polyolefin (TPO) Market Size was valued at USD 6.7 billion in 2023 and is expected to reach USD 12.4 billion by 2032 and grow at a CAGR of 7.4% over the forecast period 2024-2032.
Hi! Click one of our member below to chat on Phone
© 2025 All Rights Reserved by SNS Insider Pvt Ltd
