Global Oilfield Biocides Market By Type (Glutaraldehyde, THPS [Tetrakis (hydroxymethyl) phosphonium sulfate], TTPC [Tributyl Tetradecyl Phosphonium Chloride], DBNPA, QAC (Quaternary Ammonium Compounds), Bronopol and Others), Application (Upstream, Midstream and Downstream), Country (U.S., Canada, Mexico, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Chile, Rest of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Oilfield Biocides Market
Data Bridge Market Research analyses that the oilfield biocides market will project a compound annual growth rate (CAGR) of 7.30% during the forecast period of 2021-2028. High demand for petroleum-based products, growth and expansion of oil and gas industry, surge in the use of oilfield biocides for a wide range of applications such as drilling protection, crude oil treatment, hydraulic fracturing operations, produced water treatment, crude oil transportation and storage and pipeline pigging, scraping operations, fuel treatment and others and rapidly increasing industry competitiveness are attributable to the growth of oilfield biocides market. This means that the oilfield biocides market value, which was USD 5.850 billion in 2020 will climb up to USD 10.27 billion by the year 2028.
Oilfield biocides are used in improving the effectiveness and efficiency of operations performed at an oilfield site. Oilfield biocides are used in the purification of equipment and machines.
Rising demand for hydraulic manufacturing technology in oil and gas extraction process will emerge as the major factors fostering the growth of oilfield biocides market. Increasing expenditure for the growth and expansion of oil and gas exploration activities especially in the developing economies and rising interest for oil-based goods, fuel, and energy in several applications are other factors fostering the growth of oilfield biocides market. Increased focus on the adoption of advanced technologies coupled with increasing personal disposable income will further create lucrative and remunerative growth opportunities for the oilfield biocides market. Rising industrialization, globalization and induced focus towards fracking and oil recovery activities will also carve the way for the growth of the oilfield biocides market.
However, emerging utilization of sustainable power sources will pose a major challenge to the growth of oilfield biocides market. Harmful effects on the health and environment due to ecotoxic, allergic, and carcinogenic properties will further create hindrances for the oilfield biocides market growth. Also, requirement of huge expenditure for research and development activities will further slowdown the oilfield biocides market growth rate.
This oilfield biocides market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on oilfield biocides market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Oilfield Biocides Market Scope and Market Size
The global oilfield biocides market is segmented on the basis of type and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- Based on the type, the oilfield biocides market is segmented into glutaraldehyde, THPS [tetrakis (hydroxymethyl) phosphonium sulfate], TTPC [tributyl tetradecyl phosphonium chloride], DBNPA, QAC (quaternary ammonium compounds), bronopol and others.
- Based on the application, the oilfield biocides market is segmented into upstream, midstream and downstream. Upstream segment is sub-segmented into drilling protection, crude oil treatment, hydraulic fracturing operations and produced water treatment. Midstream segment is sub-segmented into crude oil transportation and storage and pipeline pigging and scraping operations. Downstream segment is sub-segmented into fuel treatment and others.
Oilfield Biocides Market Country Level Analysis
The global oilfield biocides market is analyses and market size, volume information is provided by country by type and application as referenced above.
The countries covered in the oilfield biocides market report are U.S., Canada, Mexico in North America, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Chile, Rest of South America as a part of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
North America dominates the oilfield biocides market and will continue to flourish its dominance during the forecast period owing to the high production of shale oil and gas activities in this region. Asia-Pacific region is undergoing substantial gains and the region is set to project the highest CAGR for the forecast period owing to the increased focus on the expansion of oil and gas exploration activities.
The country section of the oilfield biocides market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Oilfield Biocides Market Share Analysis
The global oilfield biocides market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to oilfield biocides market.
The major players covered in the oilfield biocides market report are Evonik Industries AG, Akzo Nobel N.V., Albemarle Corporation, Zirax Limited, BASF SE, Kemira, Solvay, Ashland, Baker Hughes Company, CES Energy Solutions Corp., Clariant, Chevron Phillips Chemical Company, Flotek Industries, Inc., Halliburton, Huntsman International LLC, Innospec Oilfield Services, Ecolab, Schlumberger Limited, Scomi Group Bhd, Dow., Stepan Company, Diamoco Group, EMEC, Gumpro Drilling Fluids Pvt. Ltd., Chemiphase Ltd, Jiaxing Midas Oilfield Chemical Mfg Co., Ltd, Imperial Oilfield Chemicals Private Limited and AES Drilling Fluids among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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