Oilfield Chemicals

 Published On: Nov, 2015 |    No of Pages: 321 |  Published By: Freedonia | Format: PDF
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US demand to reach $10.3 billion in 2019
US demand for oilfield chemicals is forecast to increase to $10.3 billion in 2019, with healthy growth overcoming declines expected in 2015 and 2016. Although low oil prices in 2015 have led to sharp reductions in exploration and development spending, a recovery in prices should bring about a rebound by 2019, allowing the market for chemicals used in drilling, cementing, hydraulic fracturing, completion, and enhanced oil recovery (EOR) to see increases in demand. The development of unconventional oil and gas has dramatically changed the market for oilfield chemicals as higher costs and a greater level of complexity associated with each well have led to rapid demand growth. The use of large volume hydraulic fracturing has markedly increased the volume of chemicals utilized in an average well completion, while the drilling of ever longer horizontal wells has promoted additional consumption of drilling and completion fluids, cement, and related chemicals.

Trends to favor evolving fracturing fluids, drilling muds
The technologies employed in developing tight oil and shale gas resources continue to evolve, and key trends over the next several years will include the ongoing shift toward slickwater fracturing fluids and high-performance drilling muds. Environmental concerns and the development of chemical formulations that can address these concerns will also have an increasing impact on the market during the forecast period, promoting additional demand for more environmentally friendly chemicals, such as biodegradable shale inhibitors and less toxic biocides. Offshore activity is expected to remain an important contributor to the overall market as well, and the need for environmentally compatible fluids and chemicals will be greatest in offshore environments.

Stimulation, drilling fluids to remain key applications
Hydraulic fracturing has emerged as the largest application for oilfield chemicals. Despite the low oil price environment, continued growth in the average volume of fluids used per well will sustain growth in chemical demand. However, this positive factor will be partially offset by the increasing use of slickwater fluids with reduced chemical loadings, holding back stronger advances. Guar gum will remain the most significant chemical in hydraulic fracturing, although others, including friction reducers, acids, and surfactants, will also exhibit a high level of usage. The number of wells and total footage drilled in 2019 are expected to exceed those in 2014, stimulating demand for chemicals utilized in both drilling and completion activities. Demand will be strongest for chemicals associated with improved drilling efficiency and reduced rig time, less tendency to cause formation damage, and more favorable environmental profiles. Although oil-based drilling fluids remain most commonly utilized in horizontal wells, cost, environmental, and regulatory considerations have encouraged development of better performing water-based drilling fluids, and these will continue to see increasing usage even in difficult drilling conditions. Although investment in EOR projects will be sharply curtailed by the low oil price environment, EOR practices will remain significant over the longer term. The use of industrially generated waste carbon dioxide for EOR will begin to emerge as a practical method of permanent storage of the greenhouse gas.

Study coverage
This Freedonia industry study, Oilfield Chemicals, presents historical demand data (2004, 2009 and 2014) plus forecasts for 2019 and 2024 by material, product, market and application. The study also considers market environment factors, examines the industry structure, evaluates company market share and profiles 42 competitors in the US industry.


Macroeconomic Environment
Crude Oil & Natural Gas Outlook
Oil & Gas Prices
Exploration & Reserves
Natural Gas
Exploration & Reserves
Oilfield Services Outlook
Enhanced Oil Recovery
Market Volatility
Pricing Trends
Drilling & Completion Fluids
Oilfield Chemicals
Environmental & Regulatory Considerations
Foreign Trade
World Oilfield Chemicals Outlook

Drilling Technologies
Directional Drilling
Horizontal Drilling
Pad Drilling
Underbalanced Drilling
Other Drilling Technologies
Well Completion
Well Stimulation
Hydraulic Fracturing
Gas Fracturing
Multistage Fracturing
Other Well Stimulation Technologies
Enhanced Oil Recovery
Thermal Recovery
Gas Recovery
Chemical Recovery
Other EOR Methods
Unconventional Resource Development
Tight Oil
Shale Gas
Coalbed Methane

Stimulation Fluids
Slickwater Fracturing Fluids
Crosslinked & Linear Gels
Other Stimulation Fluids
Gas Fracturing Fluids
Acidizing Fluids
All Other Stimulation Fluids
Drilling Fluids
Water-Based Drilling Fluids
Oil-Based Drilling Fluids
Synthetic-Based Drilling Fluids
Demand by Location
Market Share
Cement Slurries
Completion & Workover Fluids
Product Characteristics
Market Share

Stimulation Fluid Additives
Gelling Agents
Friction Reducers
Other Stimulation Fluid Additives
Drilling Fluid Additives
Weighting Materials
Shale Inhibitors
Other Drilling Fluid Additives
Production Chemicals
Corrosion & Scale Inhibitors
Asphaltene & Paraffin Inhibitors
Other Production Chemicals
Enhanced Oil Recovery (EOR) Products
Completion & Workover Fluid Additives
Cement Additives
Fluid Loss Control Additives
Accelerators & Retarders
Other Cement Additives

Specialty Chemicals
Corrosion & Scale Inhibitors
Other Specialty Chemicals
Commodity Chemicals
Other Commodity Chemicals
Natural & Synthetic Gums
Guar Gum
Xanthan Gum
Other Gums
Cellulose & Starch Polymers
Other Polymers
Carbon Dioxide

Market Share
Formulated Product Suppliers
Materials Suppliers
Competitive Strategies
Mergers & Acquisitions
Marketing & Distribution
Research & Development
Company Profiles
AES Drilling Fluids, see Canadian Energy Service & Technology
Air Products and Chemicals Incorporated
Akzo Nobel NV
Albemarle Corporation
AMCOL International, see Minerals Technologies
American Colloid, see Minerals Technologies
Ashland Incorporated
Baker Hughes Incorporated
Baroid Fluid Services, see Halliburton
Berkshire Hathaway Incorporated
Canadian Energy Services & Technology Corporation
Capitol Aggregates Limited
Chemlogics, see Solvay
Chemours Company
Chemtura Corporation
Chevron Phillips Chemical Company LLC
Clariant International Limited
Croda International plc
Cytec Industries Incorporated
Dow Chemical Company
Drilling Specialties, see Chevron Phillips Chemical
DuPont (EI) de Nemours
Ecolab Incorporated
Elementis plc
Emery Oleochemicals Group
Enerchem International Incorporated
Excalibar Minerals, see Newpark Resources
GEO Drilling Fluids Incorporated
Geo Technologies, see Croda International
Great Lakes Solutions, see Chemtura
Halliburton Company
Hindustan Gum & Chemicals, see Solvay
ICL-IP, see Israel Chemicals
Independence Oilfield Chemicals, see Innospec
Innospec Incorporated
INVISTA Sarl, see Koch Industries
Israel Chemicals Limited
JACAM Chemicals, see Canadian Energy Service & Technology
Jordan Bromine, see Albemarle
Kemira Oyj
Kinder Morgan Energy Partners LP
Koch Industries Incorporated
LafargeHolcim Limited
Lubrizol, see Berkshire Hathaway
M-I SWACO, see Schlumberger
Mega Fluids Mid-Continent, see Canadian Energy Services & Technology
Messina Incorporated
Minerals Technologies Incorporated
Multi-Chem, see Halliburton
Nalco Champion, see Ecolab
National Oilwell Varco Incorporated
Newpark Resources Incorporated
Nexeo Solutions LLC
NOV FluidControl, see National Oilwell Varco
Novecare, see Solvay
Praxair Incorporated
PureChem Services, see Canadian Energy Services & Technology
Roemex Limited
Schlumberger Limited
Solvay SA
Southwest Treating Products, see Canadian Energy Services & Technology
Strata Control Services, see Innospec
TETRA Technologies Incorporated
3F Chimica, see Kemira
TIORCO, see Ecolab
Weatherford International plc
Other Companies Mentioned in Study

List of Tables

Summary Table

Macroeconomic Indicators
Oil & Gas Production & Consumption
Petroleum Supply & Demand
Crude Oil Drilling Indicators
Natural Gas Supply & Demand
Natural Gas Drilling Indicators
Oilfield Services Indicators
Enhanced Oil Recovery (EOR)
Oilfield Chemical Market, 2004-2014
Average Drilling & Completion Fluid Prices
Selected Oilfield Chemical Product Prices


Oilfield Fluid Volume by Type
Stimulation Fluid Volume
Slickwater Fracturing Fluid Volume
Crosslinked & Linear Gel Fracturing Fluid Volume
Other Stimulation Fluid Volume
Drilling Fluid Demand by Type
Water-Based Drilling Fluid Demand
Oil-Based Drilling Fluid Demand
Synthetic-Based Drilling Fluid Demand
Drilling Fluid Demand by Location
Oilfield Cement Slurry Volume
Completion & Workover Fluid Demand

Oilfield Chemical Product Demand by Application
Stimulation Fluid Additive Demand
Gelling Agent Demand
Acid Demand in Stimulation Fluids
Biocide Demand in Stimulation Fluids
Friction Reducer Demand in Stimulation Fluids
Breaker Demand
Other Stimulation Fluid Additive Demand
Drilling Fluid Additive Demand
Drilling Fluid Weighting Material Demand
Drilling Fluid Viscosifier Demand
Shale Inhibitor Demand
Other Drilling Fluid Additive Demand
Oilfield Production Chemical Demand
Demulsifier Demand in Oilfield Production
Corrosion & Scale Inhibitor Demand in Oilfield Production
Asphaltene & Paraffin Inhibitor Demand i Oilfield Production
Other Production Chemical Demand
Enhanced Oil Recovery (EOR) Product Demand
Completion & Workover Fluid Additive Demand
Cement Additive Demand
Cement Fluid Loss Control Additive Demand
Cement Accelerator & Retarder Demand
Cement Extender Demand
Other Cement Additive Demand

Oilfield Chemical Demand by Type
Specialty Chemical Demand in Oilfield Applications
Biocide Demand in Oilfield Applications
Corrosion & Scale Inhibitor Demand in Oilfield Applications
Demulsifier & Related Product Demand i Oilfield Applications
Other Specialty Chemical Demand in Oilfield Applications
Commodity Chemical Demand in Oilfield Applications
Barite Demand in Oilfield Applications
Acid Demand in Oilfield Applications
Clay Demand in Oilfield Applications
Other Commodity Chemical Demand in Oilfield Applications
Polymer Demand in Oilfield Applications
Natural & Synthetic Gum Demand in Oilfield Applications
Polyacrylamide Demand in Oilfield Applications
Starch & Cellulose Polymer Demand in Oilfield Applications
Other Polymer Demand in Oilfield Applications
Gas Demand in Oilfield Applications
Merchant Carbon Dioxide Demand in Oilfield Applications
Nitrogen Demand in Oilfield Applications

US Oilfield Chemical Sales by Company, 2014
Selected Acquisitions & Divestitures

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