Production Chemicals Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

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Production Chemicals Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

Status : July, 2020 | Chemical & Materials | PPT format

Report Digest


Global Production Chemicals Market: Snapshot

The global production chemicals market derives significant growth from the increasing usage of production chemicals in improving the recovery of hydrocarbons from the oil wells. The substantial rise in oil exploration and manufacturing activities, augmenting the need for oilfield chemicals, is reflecting on the demand for highly advanced drilling fluids. It is also increasing the number of ultra-deep-water drilling projects and influencing the expansion of shale oil and gas drilling.

Moreover, the need to meet the escalating demand from energy across the world has resulted in the discovery of more petroleum crude oil wells, worldwide. This, in turn, has augmented the demand for oilfield chemicals to a great extent. On the flip side, the fluctuating value of crude oil and the rise in environmental issues are likely to limit the growth of the production chemicals market in the years to come. However, the emergence of eco-friendly oilfield chemicals will provide lucrative growth opportunities, normalizing the impact of these deterrents in the long run.

  • With a large pool of participants, the global production chemicals market demonstrates a highly fragmented landscape.
  • Owing to the rivalry between the leading players, the level of the competition within the production chemicals market is relatively high and is projected to continue to rise in the near future.

Heavy investments by key players in research and developments to improve their production is likely to support the growth of this market in the forthcoming years. Mergers and acquisitions are also expected to result in high growth of this market.

Global Production Chemicals Market: Overview

Use of production chemicals enhances the recovery of hydrocarbons from reaction procedures. Numerous types such as corrosion inhibitors, biocides, demulsifies, scale inhibitors, scavengers, asphaltene inhibitors, surfactants, and others are available in the market. Uptake of these chemicals also improves the performance, enhances the effectiveness in numerous manufacturing processes of the production of chemicals, and especially conducts the effective oil recovery. 

The production chemicals market report is intended to help readers for discovering the dominant trends and gauge future opportunities in the production chemicals market globally. It includes recent data that are offering growth opportunities as well as key threats. Information on prevailing competitive threat is also a crucial part of this market analysis.

Global Production Chemicals Market: Key Trends

Booming shale oil and gas industry globally and primarily in North America is propelling the demand for production chemicals. The other factors boosting growth of the production chemicals market are growing production of crude oil and growing drilling activities. The market is predictable to witness growth owing to massive potential due to these drivers. Additionally, many of the oil and gas companies have presence and headquarter in this region for boosting the oil and gas industry in the Latin American region.

Production chemicals are used for the oilfield operations and mainly for improving the production maintenance and transport also helps for recovery from reserves. Growing oil production and extraction of oils from technologically challenging hydrocarbon and inevitability of better extraction are boosting investment and growth of the market.

The market is primarily driven by growing production of crude oil, pursuing development and growing drilling activities. The demand for production chemicals is growing in order to enhance oil recovery as EOR activities are expanding globally. These initiatives for enhancing crude oil production from exhausting reserves are boosting growth of the global production chemicals market.

Global Production Chemicals Market: Key Potential

In order to gain competitive edge in the production chemicals market, manufacturers are working towards launching high-performing and cost-effective production chemicals. The manufacturers and key players in the production chemicals market are primarily focus on mergers and acquisitions (M&A) for expansion of their product portfolio. Business expansion is also preferred strategy of these companies across the growing markets such as Brazil, Asia Pacific, and the Middle East. These strategies are expected to the key success for production chemicals if they are looking to upsurge the overall sales and revenue.

Global Production Chemicals Market: Regional Outlook

The production chemicals market is expected to witness high demand from the Asia Pacific owing to rising adoption of the air treatment and conditioning systems primarily in the Japan, India, South Korea, and China. This is a key factor influencing positively on growth of the air treatment market over the coming years. Additionally, the Middle East and Africa countries dominated the production chemicals marke owing to high demand from the Saudi Arabia, Russia, and Iran. The major countries that are increasingly demanding the production chemicals are boosting growth of the global production chemicals market.

Global Production Chemicals Market: Competitive Landscape

Some of the leading companies operating in the global production chemicals market are BASF SE, Clariant AG, Halliburton Company, Ecolab Inc., Schlumberger Limited, Akzonobel N.V., Baker Hughes Incorporated, Croda International PLC, and The DOW Chemical Company.

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.