Oilfield Stimulation Chemicals Market Size, Share, Growth Report 2030

Oilfield Stimulation Chemicals Market

Oilfield Stimulation Chemicals Market By Material Product (Friction reducers, Gelling agents, Corrosion and scale inhibitor, Surfactant, Acids and others) for Matrix oxidization, Hydraulic fracturing, Acid fracking and Others: Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2026

Category: Chemical & Materials Report Format : PDF Pages: 110 Report Code: ZMR-855 Published Date: Nov-2020 Status : Published

According to the report published by Zion Market Research, Global demand for Oilfield Stimulation Chemicals market was valued at approximately USD 2,900 Million in 2019, and is expected to generate revenue of around USD 5,416.2 Million by end of 2026, growing at a CAGR of around 5.4% between 2020 and 2026.

Oilfield Stimulation Chemicals Market

According to the report published by Zion Market Research, Global demand for Oilfield Stimulation Chemicals market was valued at approximately USD 2,900 Million in 2019, and is expected to generate revenue of around USD 5,416.2 Million by end of 2026, growing at a CAGR of around 5.4% between 2020 and 2026.

Oilfield Stimulation Chemicals Market: Overview

For improving and restoring the productivity of oil wells, stimulation process is carried out. To support and enhance the stimulation process during oil extraction, oil stimulation chemicals are used. These chemicals help in the free flow of hydrocarbons from the wells. Different chemicals are used for different processes of oil extraction such as acids, corrosion inhibitors, biocides, gelling agents/viscosities, friction reducers, water control polymers, iron control agents, and breakers. Among these, gelling agents or viscosities are the most widely used oilfield stimulation chemicals and acid stimulation is the technique, which is frequently adopted in oil extraction. Problems that may arise before and during oil extraction procedure can be solved by oilfield stimulation chemicals. It saves energy consumption during fracturing and reduces consumption of water.

Global Oilfield Stimulation Chemicals MarketRequest Free Sample

Oilfield Stimulation Chemicals Market: Growth Factors

The global oilfield stimulation chemicals market is growing at a significant pace. This growth can be attributed to reasons such as opportunity towards the progressions in the area of iron control agents, focus on providing cost effective and better results at lesser quantity and launching of new products in the global market. However, there are certain restraining factors in the global oilfield stimulation chemicals market. They include increase the cost of oil production level, limited possibility to operate at depth, increasing concerns regarding environmental impact and personnel safety and low crude oil price, which reduce the margin for oil producers.

Oilfield Stimulation Chemicals Market: Segmentation

The global oilfield stimulation market is segmented into its type, application, and geography. On the basis of type, the global market is divided into friction reducers, gelling agents, corrosion and scale inhibitors, surfactants, acids and others. Based on application, the global oilfield stimulation chemicals market is segregated into matrix oxidization, hydraulic fracturing, acid fracking, and others. Diversification of the global market on the basis of the region is seen in North America, Asia-Pacific, Europe, Latin America and the Middle East and Africa.

Oilfield Stimulation Chemicals Market: Regional Analysis

The largest market share in the global oilfield stimulation chemicals market is held by North America. The major demand is seen in countries such as the U.S. and Canada. Growth in North America is followed by Asia-Pacific. In this region, major demand is seen in countries such as China, South Korea, Indonesia, India, and Malaysia. More than half of the demand in Asia Pacific is seen in China. Owing to the heavy oilfield stimulation activities in the Asia-Pacific region, it is anticipated to be the fastest growing region in the coming years. In addition, a significant amount of growth is visible in Europe, Latin America and the Middle East and Africa. Countries such as Mexico, Poland, Germany, Vietnam, Germany, the U.K., France, Poland, and Brazil are the major oilfield stimulation chemicals markets in these regions.

Oilfield Stimulation Chemicals Market: Competitive Players

Some main participants of the Oilfield Stimulation Chemicals market are E.I. Du Pont, BASF SE, Albemarle Corp., Clariant AG, Dow Chemical, AkzoNobel N.V., Ashland Inc., Halliburton, Flotek Industries Inc., Solvay SA, Schlumberger Limited, Chevron Phillips Chemical Company, Baker Hughes Incorporated and DOW Chemical Company.

Oilfield Stimulation Chemicals Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

Methodology

FrequentlyAsked Questions

Crude oil Production  followed by rising deep drilling operation is considrded as one of the major driving factor affecting the growth of the market. Rapid development in the oil industry and the rising penetration of the products in these considered as one of the major driving factor for promoting the growth of the market.

According to Zion Market Research, global demand for Oilfield Stimulation Chemicals market is expected to generate revenue of around USD 5,416.2 Million by end of 2026, growing at a CAGR of around 9.4% between 2020 and 2026.

North America region hold the largest market share in the year 2019 followed by Asia Pacific region. Recent, heavy growth in Oil industries in the countries like India, China, Vietnam and various others is one of the major factors promoting the growth of the market in Asia Pacific region.

Some main participants of the Oilfield Stimulation Chemicals market are E.I. Du Pont, BASF SE, Albemarle Corp., Clariant AG, Dow Chemical, AkzoNobel N.V., Ashland Inc., Halliburton, Flotek Industries Inc., Solvay SA, Schlumberger Limited, Chevron Phillips Chemical Company, Baker Hughes Incorporated and DOW Chemical Company.

Choose License Type

  • zion payment modes

HappyClients

Office Address

Contact Us

Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651

Asia Pacific Office

3rd Floor, Mrunal Paradise, Opp Maharaja Hotel, Pimple Gurav, Pune 411061, Maharashtra, India
Phone No +91 7768 006 007, +91 7768 006 008

Contact #

US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com

We Are On Social

Industry Press Release

We Accept

We have secured system to process your transaction.

  • payment methods

Business Hours

Our support available to help you 24 hours a day, five days a week.

Monday - Friday: 9AM - 6PM

Saturday - Sunday: Closed