The oilfield chemicals market is forecasted to grow by USD 6.75 bn during 2023-2028, accelerating at a CAGR of 4.37% during the forecast period. The report on the oilfield chemicals market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increased production of crude oil, growing technological advancements in oilfield industry, and intensification in shale gas exploration and production source.
Technavio's oilfield chemicals market is segmented as below:
Market Scope
Base Year
2024
End Year
2028
Series Year
2024-2028
Growth Momentum
Accelerate
YOY 2024
3.56%
CAGR
4.37%
Incremental Value
$6.75bn
By Application
Production
Well stimulation
Drilling fluids
Enhanced oil recovery
Others
By Type
Onshore
Offshore
By Geographical Landscape
North America
Europe
APAC
Middle East and Africa
South America
This study identifies the rising oilfield activities due to deepwater drilling operations as one of the prime reasons driving the oilfield chemicals market growth during the next few years. Also, increasing usage of eco-friendly chemicals for oilfield and surge in petrochemicals in oilfield industry will lead to sizable demand in the market.
The report on the oilfield chemicals market covers the following areas:
Oilfield chemicals market sizing
Oilfield chemicals market forecast
Oilfield chemicals market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading oilfield chemicals market vendors that include 3M Co., Ashland Inc., Baker Hughes Co., BASF SE, Chevron Corp., Clariant International Ltd., Croda International Plc, Evonik Industries AG, FMC Corp., Halliburton Co., Kao Corp., Qixia Aotong Chemical Co. Ltd., Sasol Ltd., Schlumberger Ltd., Solvay SA, The Lubrizol Corp., The SNF Group, Yantai Humon Group Co. Ltd., Artek Surfin Chemicals Ltd., and Huntsman International LLC. Also, the oilfield chemicals market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
1.1 Market overview
2 Market Landscape
2.1 Market ecosystem
3 Market Sizing
3.1 Market definition
3.2 Market segment analysis
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
4 Historic Market Size
4.1 Global oilfield chemicals market 2018 - 2022
4.2 Application Segment Analysis 2018 - 2022
4.3 Type Segment Analysis 2018 - 2022
4.4 Geography Segment Analysis 2018 - 2022
4.5 Country Segment Analysis 2018 - 2022
5 Five Forces Analysis
5.1 Five forces summary
5.2 Bargaining power of buyers
5.3 Bargaining power of suppliers
5.4 Threat of new entrants
5.5 Threat of substitutes
5.6 Threat of rivalry
5.7 Market condition
6 Market Segmentation by Application
6.1 Market segments
6.2 Comparison by Application
6.3 Production - Market size and forecast 2023-2028
6.4 Well stimulation - Market size and forecast 2023-2028
6.5 Drilling fluids - Market size and forecast 2023-2028
6.6 Enhanced oil recovery - Market size and forecast 2023-2028
6.7 Others - Market size and forecast 2023-2028
6.8 Market opportunity by Application
7 Market Segmentation by Type
7.1 Market segments
7.2 Comparison by Type
7.3 Onshore - Market size and forecast 2023-2028
7.4 Offshore - Market size and forecast 2023-2028
7.5 Market opportunity by Type
8 Customer Landscape
8.1 Customer landscape overview
9 Geographic Landscape
9.1 Geographic segmentation
9.2 Geographic comparison
9.3 North America - Market size and forecast 2023-2028
9.4 Europe - Market size and forecast 2023-2028
9.5 APAC - Market size and forecast 2023-2028
9.6 Middle East and Africa - Market size and forecast 2023-2028
9.7 South America - Market size and forecast 2023-2028