Specialty Oilfield Chemicals Market by Geography,Types, Applications and Global Forecasts upto 2016

This Blog defines and segments the global specialty oilfield chemicals market with analysis and forecasting of the global revenue for specialty oilfield chemicals. It also identifies and focuses on the vital driving factors for the global specialty oilfield chemicals markets with analysis of trends, opportunities, and challenges. The market is segmented and revenue is forecasted on the basis of types applications and geography.

Specialty Oilfield Chemicals Market by Types :

This market is segmented by its type such as ;

1. Corrosion and scale inhibitor
2. Biocides
3. Pour-point depressants
4. Demulsifiers, surfactants
5. Polymers

Specialty Oilfield Chemicals Market by Applications :

This market is segmented by its major applications such as ;

1. Drilling fluid
2. Well stimulation
3. Production chemicals
4. Cementing
5. Workover and completion
6. Enhanced oil recovery (EOR)

The demand for specialty oilfield chemicals is influenced by various factors such as increasing production of crude oil, location of reservoirs and deep of drilling, oil reservoirs availability, government policies, and trade-offs among various chemical compounds. 

Specialty Oilfield Chemicals Market by Geography:

This market is segmented by geographical regions such as ;

1. North America
2. Europe
3. Asia-Pacific
4. Middle East and Africa
5. ROW

 Specialty Oilfield Chemicals Market Forecasts :

The global specialty oilfield chemicals market is expected to grow from $7,329.2 million in 2011 to $10.9 Billion by 2016, at a CAGR of 8.3% from 2011 to 2016. Market forecasts are provided for each  geographical region for the period of 2011 through 2016.North America holds the largest share; i.e. 61% in the global market for specialty oilfield chemicals in 2011 and is expected to grow at a CAGR of 7.8% to reach $6,523.2 million in 2016. This results shows the recovery in the oil and gas industry from a sub par 2009, a year of declines in oil and gas production, rig counts, and drilling activity in many of the major markets such as U.S. and Canada. Moreover, increasing in the global oil and gas prices will also create force for further drilling and well completion activity, which drives demand for specialty oilfield chemicals.

Specialty Oilfield Chemicals Market Share, By Region, 2010 

Source: Company Sources, OPEC

The specialty oilfield chemicals are manufactured from the sources such as ethylene, ammonia, acrylic acid, phosphorous, and others

Leading players in the specialty oilfield chemicals includes Albemarle Corporation (U.S.), AkzoNobel NV (The Netherlands), Ashland Inc. (U.S.),Baker Hughes Incorporated (U.S.), BASF SE (Germany), Champion Technologies (U.S), Clariant AG (Switzerland), Croda International Plc (U.K.), Dow Chemical Company (U.S.), Halliburton (U.S.), Kemira oyj (Finland), Lubrizol Corporation (U.S.), Nalco Holding Company (U.S.), Schlumberger Limited (U.S.), etc.