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Report Highlights
The global market for oilfield process chemicals should reach $29.6 billion by 2021 from $26.9 billion in 2016 at a compound annual growth rate (CAGR) of 2%, from 2016 to 2021.
Report Includes
- An overview of the global market for oilfield process chemicals
- Analyses of global market trends, with data from 2015, estimates for 2016, and projections of compound annual growth rates (CAGRs) from 2015 through 2021
- Information on how these chemicals impact the challenges associated with drilling deeper, help the industry cope with hotter and higher pressure environments, and affect the drive to recycle and reuse materials
- Analyses of which chemical segments are growing, segments of the market that are contracting, technology challenges the industry is facing, and possible solutions and remedies for those challenges
- Identification of the segments that should experience high growth during the time frame covered
- A look at the challenges that multifunctional and specialty chemicals need to overcome in the near future
- Profiles of leading companies in the industry
Report Scope
The scope of this study includes only the chemicals used in the upstream part of the oilfield processes. In many cases, what material is in scope and what is out of scope is clear-cut, and materials that are classified as minerals have been excluded. Where it is not so clear (as in the case of insoluble salts or the usage of material produced on-site) judgment has been made by the analysts based on discussions with industry experts. Chemicals in scope have been categorized in three different ways: by process application, by type, and by chemical function. Both past and current market performance of oilfield process chemicals is assessed. Projected sales for the industry as a whole are forecast by application, type and function and the market is assessed on a worldwide scale. Impacts on the oil and gas industry are explained and the potential effects of political issues, environmental legislation and energy policies are also considered.
Analyst Credentials
Andrew McWilliams spent more than 25 years as a consultant with Ernst & Young, McKinsey & Company and A.T. Kearny focused on manufacturing before segueing into research analysis. He has been covering myriad technology categories for BCC Research for more than 15 years. McWilliams has a BA from Princeton University and an MA from Harvard University. He has worked in more than 40 countries and he resides in the greater Boston area.
Report Highlights
The global market for oilfield process chemicals reached nearly $7.4 billion in 2013. This market is expected to grow to $7.7 billion in 2014 and nearly $9.7 billion in 2019, with a compound annual growth rate (CAGR) of 4.6%.
Report Includes
- An overview of the global market for oilfield process chemicals.
- Analyses of global market trends, with data from 2013, and projections of compound annual growth rates (CAGRs) from 2014 through 2019.
- Information on how these chemcials impact the challenges associated with drilling deeper, help the industry cope with hotter and higher pressure environments, and affect the drive to recycle and reuse materials.
- Analyses of which chemicals are growing, segments of the market that are contracting, technology challenges the industry is facing, and possible solutions and remedies for those challenges.
- Identification of the segments that should experience high growth during the time frame covered as well as highlight the challenges that multifunctional and specialty chemicals could overcome in the near future.
- Comprehensive profiles of leading companies in the industry.
Report Highlights
The global oilfield chemicals market is projected to increase at a compound annual growth rate (CAGR) of 5.7% between 2010 and 2015 as the drilling activities return and production rates are stimulated and new wells brought online. The market should reach a value of $8.2 billion at the manufacturing level by 2015, from a value of $6.2 billion in 2010.
Report Highlights
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The projected annual growth of the oilfield chemicals market is 6.6% per year between 2002 and 2007.
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The market should reach a value of $2.3 billion annually by 2007.
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Enhanced oil recovery (EOR) applications will increase by an average annual growth rate (AAGR) of 22% between 2002 and 2007.
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The peak demand for oil will occur around 2015, delaying the decline in production until 2016.
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