Oilfield Stimulation Chemicals Market Set to Grow Exponentially During the Forecast, 2027
Oilfield Stimulation Chemicals are revolutionary products that are designed to support and enhance the stimulation process during oil extraction. Stimulation treatments are carried out to improve or restore the productivity of an oil well. Oilfield Stimulation Chemicals helps in the free flow of hydrocarbons from wells.
Oilfield Stimulation Chemicals are revolutionary products that are designed to support and enhance the stimulation process during oil extraction. Stimulation treatments are carried out to improve or restore the productivity of an oil well. Oilfield Stimulation Chemicals helps in the free flow of hydrocarbons from wells.
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<strong>Oilfield</strong> <strong>Stimulation</strong> <strong>Chemicals</strong> <strong>Market</strong> <strong>Set</strong> <strong>to</strong> <strong>Grow</strong><br />
<strong>Exponentially</strong> <strong>During</strong> <strong>the</strong> <strong>Forecast</strong>, <strong>2027</strong><br />
May 2017<br />
Report Id : REP-GB-2687<br />
Status : Ongoing<br />
Category : <strong>Chemicals</strong> and Materials<br />
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<strong>Oilfield</strong> <strong>Stimulation</strong> <strong>Chemicals</strong> <strong>Market</strong><br />
<strong>Oilfield</strong> <strong>Stimulation</strong> <strong>Chemicals</strong> are revolutionary products that are designed <strong>to</strong> support and enhance <strong>the</strong><br />
stimulation process during oil extraction. <strong>Stimulation</strong> treatments are carried out <strong>to</strong> improve or res<strong>to</strong>re<br />
<strong>the</strong> productivity of an oil well. <strong>Oilfield</strong> <strong>Stimulation</strong> <strong>Chemicals</strong> helps in <strong>the</strong> free flow of hydrocarbons from<br />
wells. <strong>Oilfield</strong> <strong>Stimulation</strong> <strong>Chemicals</strong> are commonly used in hydraulic fracturing treatment and matrix<br />
treatments especially in <strong>the</strong> processes of emulsification, wetting, and compatibilization. <strong>Oilfield</strong><br />
<strong>Stimulation</strong> <strong>Chemicals</strong> are also used in high-stability foaming systems for formation blocking and foam<br />
fracturing. It is also used in down-hole stimulation fluids including slick water fracturing applications.<br />
<strong>Oilfield</strong> <strong>Stimulation</strong> <strong>Chemicals</strong> are finding high usage in various applications and new geographical areas<br />
which are driving <strong>the</strong> market. Different types of chemicals are used in <strong>the</strong> various process of oil extraction<br />
viz. acids, biocides, corrosion inhibi<strong>to</strong>rs, friction reducers, gelling agents/ viscosities, iron control agents,<br />
water control polymers and breakers. Out of <strong>the</strong>se, gelling agents or viscosities is <strong>the</strong> most widely used<br />
oilfield stimulation chemical with largest market share. Most commonly used technique among oilfield<br />
stimulation is acid stimulation whose work is <strong>to</strong> clean existing fractures by dissolving filling materials<br />
(mostly drilling mud or secondary minerals) and molding <strong>the</strong>m for an efficient removal. Acid treatment<br />
technique is used in bearing rock formations for many years <strong>to</strong> maintain or increase <strong>the</strong> rate of flow of oil<br />
from production wells or <strong>the</strong> rate of flow of oil-displacing fluids in<strong>to</strong> injection wells. Because of its vast<br />
usage oilfield, stimulation chemicals market will witness an escalating demand in <strong>the</strong> oil industry.<br />
<strong>Oilfield</strong> <strong>Stimulation</strong> <strong>Chemicals</strong>: <strong>Market</strong> Dynamics<br />
<strong>Oilfield</strong> <strong>Stimulation</strong> <strong>Chemicals</strong> market is mainly driven by <strong>the</strong> increasing applications of chemicals for<br />
penetrating deeper in<strong>to</strong> earth’s crust and findings of new oil basins in Rocky or sea regions.<br />
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<strong>Oilfield</strong> <strong>Stimulation</strong> <strong>Chemicals</strong> <strong>Market</strong><br />
<strong>Oilfield</strong> <strong>Stimulation</strong> <strong>Chemicals</strong> is an essential part of oil extraction and solves many purposes, before and<br />
during <strong>the</strong> process. It reduces consumption of water, saves energy consumption during fracturing, by<br />
considerably reducing <strong>the</strong> surface footprint of a well and no formation damage in most of <strong>the</strong> hydraulic<br />
fracturing, Pneumatic fracturing, Dynamic loading and o<strong>the</strong>r primary processes.<br />
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However, <strong>Oilfield</strong> <strong>Stimulation</strong> <strong>Chemicals</strong> comes along with some restraints. <strong>Oilfield</strong> <strong>Stimulation</strong> <strong>Chemicals</strong><br />
might increase <strong>the</strong> cost of oil production level, greater concerns regarding personnel safety and<br />
environmental impact. Apart from this limited possibility <strong>to</strong> operate at depth is also a disadvantage of<br />
some specific types of chemicals. Low crude oil price is a major restraint for <strong>the</strong> market as it holds oil<br />
producers <strong>to</strong> take necessary precautions or process in oil extraction <strong>to</strong> increase <strong>the</strong>ir margins.<br />
<strong>Oilfield</strong> <strong>Stimulation</strong> <strong>Chemicals</strong> market have an opportunity <strong>to</strong>wards <strong>the</strong> advancements in <strong>the</strong> area of iron<br />
control agents which will give pace <strong>to</strong> <strong>the</strong> market growth of <strong>Oilfield</strong> <strong>Stimulation</strong> <strong>Chemicals</strong> for next ten<br />
years. New varieties of iron control agents are required which are cost efficient and provide better results<br />
at lesser quantity used in <strong>the</strong> process.<br />
<strong>Oilfield</strong> <strong>Stimulation</strong> <strong>Chemicals</strong>: <strong>Market</strong> Segmentation<br />
<strong>Oilfield</strong> <strong>Stimulation</strong> <strong>Chemicals</strong> market can be segmented on <strong>the</strong> basis of type, which include:<br />
• Acids<br />
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<strong>Oilfield</strong> <strong>Stimulation</strong> <strong>Chemicals</strong> <strong>Market</strong><br />
• Biocides<br />
• Corrosion inhibi<strong>to</strong>rs<br />
• Friction reducers<br />
• Gelling agents/ viscosifiers<br />
• Iron control agents<br />
• Water control polymers<br />
• Breakers<br />
• O<strong>the</strong>rs<br />
<strong>Oilfield</strong> <strong>Stimulation</strong> <strong>Chemicals</strong> market can be segmented on <strong>the</strong> basis of applications, which include:<br />
• Hydraulic Fracturing<br />
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<strong>Oilfield</strong> <strong>Stimulation</strong> <strong>Chemicals</strong> <strong>Market</strong><br />
• Matrix Treatments<br />
• Acid Fracking<br />
• O<strong>the</strong>rs<br />
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<strong>Oilfield</strong> <strong>Stimulation</strong> <strong>Chemicals</strong>: Segment Outlook<br />
<strong>Oilfield</strong> <strong>Stimulation</strong> <strong>Chemicals</strong> market can be segmented by types which include acids, biocides, corrosion<br />
inhibi<strong>to</strong>rs, friction reducers, gelling agents/ viscosities, iron control agents, water control polymers,<br />
breakers and o<strong>the</strong>rs. <strong>Oilfield</strong> <strong>Stimulation</strong> <strong>Chemicals</strong> market can also be segmented by applications which<br />
hydraulic fracturing, matrix treatments, acid fracking and o<strong>the</strong>rs.<br />
<strong>Oilfield</strong> <strong>Stimulation</strong> <strong>Chemicals</strong>: Regional Outlook<br />
Regional coverage for <strong>Oilfield</strong> <strong>Stimulation</strong> <strong>Chemicals</strong> market includes North America, Latin America,<br />
Eastern Europe, Western Europe, Asia Pacific Excluding Japan (APEJ), Middle East and Africa (MEA) and<br />
Japan. <strong>Oilfield</strong> <strong>Stimulation</strong> <strong>Chemicals</strong> market will witnesses a high demand in APEJ because of <strong>the</strong> large<br />
oil consumption & production and massive investment in oil extraction market. The market in <strong>the</strong> Middle<br />
East and African countries are still at growth stage which will fuel <strong>the</strong> market for next ten years in <strong>the</strong><br />
region.<br />
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<strong>Oilfield</strong> <strong>Stimulation</strong> <strong>Chemicals</strong> <strong>Market</strong><br />
<strong>Oilfield</strong> <strong>Stimulation</strong> <strong>Chemicals</strong>: <strong>Market</strong> Players<br />
The market players in <strong>Oilfield</strong> <strong>Stimulation</strong> <strong>Chemicals</strong> market are Akzonobel N.V., Albemarle Corp.,<br />
Ashland Inc., Baker Hughes Incorporated, BASF SE, Chevron Phillips Chemical Company, Clariant AG,<br />
DOW Chemical Company, DuPont, Flotek Industries Inc., Hallibur<strong>to</strong>n, Schlumberger Limited, Solvay SA<br />
and many more.<br />
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