Oilfield Chemicals Market Research
Report - Global Forecast till 2025
Oilfield Chemicals Market is projected to be valued at USD 46.2 Billion by 2025, expanding at a
CAGR of 5.52%.
The Global Oilfield Chemicals Market is expected to witness healthy growth during the forecast period.
This growth is due to the increasing demand for oil and petroleum-based products in various end-use
industries such as automotive, consumer goods, aerospace, and electronics. Oilfield chemicals are
used in all the stages of the oil & gas industry, including initial drilling of wells, production of oil and
gas, and in all the aspects of maintenance of the oilfields, including storage of oil and natural gas in
geological conditions. These chemicals are used to increase the output of the oil & gas extraction and
increasing the working life of the oil & gas machines and structure. The increasing investments in
exploration and production of unconventional resources due to growing concern regarding depleting
conventional resources has increased the use of hydraulic fracturing technology in the oil and gas
industry, this, in turn, is propelling the demand for oilfield chemicals.
The Global Oilfield Chemicals Industry has been segmented on the basis of type, application, and
On the basis of type, the market has been segregarted into inhibitors & scavengers, demulsifiers,
friction reducers, rheology modifiers, surfactants, biocides, pour-point depressants, and others. The
inhibitors & scavengers and demulsifiers segments collectively accounted for the highest market share
of 71.4% in 2018 and expected to continue the trend in the coming years. Inhibitors and scavengers
are further sub-segmented into corrosion inhibitors, paraffin inhibitors, asphaltene inhibitors, scale
inhibitors, H2S scavengers, oxygen scavengers, and others. The corrosion inhibitors segment
accounted for the largest share of 30.2% in 2018 due to increasing applications in the manufacturing
of pipes, water