Oilfield process
chemicals are products that are used during the exploration and processing
stages of oil and gas in the resource area or field. The Oil and Gas industry
is the end-user of such chemicals. Some of the key functions of oilfield
process chemicals include control of corrosion, fluid loss, bacteria, wax and
asphaltene, hydrogen sulfide, and foam. The major product categories are
stimulation fluids, and drilling, workover, completion, cementing, production,
and enhanced oil recovery chemicals. Analysts forecast the Global Oilfield Process Chemicals market will grow at a
CAGR of 5.54 percent over the period 2013-2018.
The Report
recognizes the following companies as the key players in Global Oilfield
Process Chemicals Market: Baker Hughes, Inc., Ecolab, Inc., Halliburton Co.,
Schlumberger Ltd, Air Liquide, Air Products and Chemicals, Inc., AkzoNobel NV,
Al Sanea Chemical Products, Albemarle Corp., Anchor Drilling Fluids USA, Inc.,
Ashland, Inc., Aubin Group,AVA S.p.A, Barzaghi srl, BASF SE, Befargroup Co.
Ltd, BDC International BV, Borregaard LignoTech, BP plc, BWA Water Additives,
Cabot Specialty Fluids Ltd, Canadian Energy Services & Technology Corp.,
Cebo Holland B.V., CECA,Celanese Corp., Chemex Inc., ChemJect International,
Inc., Chemtura Corp., Chevron Corp., Chimec S.p.A., China National Petroleum
Corp., Clariant Oil Services, Croda International plc, Cytec Industries, Inc.,
Dorf Ketal Chemicals Pvt. Ltd, DuPont, Enerchem International, Inc., Engenium
Chemicals Corp., Exxon Mobil Corp., LLC Flek, GChemical Co., Global Drilling
Fluids & Chemicals Ltd, Gulf Coast Chemical LLC, Gumpro Chem Kalol Pvt.
Ltd, INEOSOligomers, Innospec Specialty Chemicals, Kemira oyj, KMCO LLC,
Lamberti S.p.A., Messina Chemicals, Inc., Mirrico, Momentive Specialty
Chemicals Inc., Montello Inc., National Chemical and Petroleum Industries,
NavdeepChemicals Pvt. Ltd, Newpark Resources, Inc., NUR Chemicals & Engineering
Industries Co., Oil Chem Technologies LLC, PetroChina Co. Ltd, PureChem
Services, Quimica Apollo S.A. de C.V., Ramex A/S, REChem Services GmbH,Recon
Technology Ltd, REDA Oilfield, Rhodia S.A., Roemex Ltd, Sanjel Corp., Scomi
Anticor S.A., Shrieve Chemical Co., Sichem LLC, SMC Technologies, Inc., Stepan
Co., Syrgis Performance Chemicals, The Dow Chemical Co., TheLubrizol Corp.,
TIORCO, Unitop Chemicals Pvt. Ltd, Weatherford International, Well Flow
International LLC.
Several leading
oil and gas companies are expected to increase investments for onshore and
offshore drilling activities. Offshore drilling activities are expected to
increase substantially in North America and Europe. Thus, the demand for
drilling fluids is expected to witness strong growth during the forecast
period. Also, a growing focus on deepwater and ultra-deep water exploration
projects is expected to drive the Global Oilfield Process Chemicals market. For
instance, in the US, the demand for oilfield process chemicals for application in
deepwater and ultra-deepwater explorations in reserves such as the Gulf of
Mexico is expected to drive market growth.
Covered in this
Report
This report
covers the present scenario and the growth prospects of the Global Oilfield
Process Chemicals market for the period 2013-2018. To calculate the market
size, the report considers the revenue generated by vendors of oilfield process
chemicals for the upstream stage of oilfield processes. It also presents the
vendor landscape and a corresponding detailed analysis of the top four vendors
in the Global Oilfield Process Chemicals market. The report also provides data
on the different segments of the Global Oilfield Process Chemicals market,
which are based on the following criteria: type of product and geography.
In addition, the report discusses the major drivers that influence the growth
of the market. It also outlines the challenges faced by the vendors and the
market at large, as well as the key trends that are emerging in the market.
Global Oilfield
Process Chemicals Market in Europe 2014-2018, has been prepared based on an
in-depth market analysis with inputs from industry experts. The report covers
the APAC region, Europe, the MEA region, North America, and the ROW.
According to the
report, many drivers are contributing to the growth of the Global Oilfield
Process Chemicals market, the most important of which is the increase in
production of crude oil and natural gas, particularly in countries such as the
US and regions such as the Middle East and the Former Soviet Union. Moreover,
an increase in the number of global natural-gas-directed rigs, has led to the
increased demand for oilfield chemicals to support such activities, thereby
contributing to market growth.
Further, the
report states that one of the major challenges in the market is the stringent
laws and regulations governing the market, which require vendors to face
elaborate procedures before the approval of a new product. Such regulations are
particularly high in developed regions, such as North America and the EU.
