asia-pacific-oilfield-chemicals-market-industry
Published

September 2016

Asia-Pacific Oilfield Chemicals Market Segmented by Chemical Type, Application and Geography (2015-2020)

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The demand for Asia-Pacific oilfield chemicals valued at USD 1.933 billion in 2015, it is comparatively lower than that in the other regions; however, this market is slated to emerge as the fastest growing in the near future. The oilfield chemicals market in Asia-Pacific has a prospect of posting a compounded annual rate of nearly 7.05% over 2015-2020.

Oilfield chemicals are used in various stages of oil exploration. Incidentally, this is  mainly because there are, on several occasions, problems associated with water gushing into the oil-well during drilling and exploration; this accompanied by the emission of gasses like carbon dioxide and hydrogen sulphide, causes corrosion of the equipment. Fortunately, this is avoided by using corrosion inhibitor chemicals. Alternately, emulsion breakers are used to separate the oil from the well. The usage of chemicals is important to remove the metal scales, those which interfere with the machine operations, during drilling. However, there are stringent environmental norms that require the use of eco-friendly chemicals. Presently, there is a great deal of research going on into developing chemicals that are both eco-friendly and effective.

The countries such as India and China are making large investments in the energy sector as there is a growing demand for crude oil and petroleum. This, in turn, increases the demand for oilfield chemicals. Thus, Asia-Pacific has a growing market for oilfield chemicals.

Market Dynamics of the Asia-Pacific Oilfield Chemicals Market:

Drivers:

The increasing demand for energy and shale gas exploration increases demand for oilfield chemicals. There is also an increasing demand for environmental friendly chemicals. Theses account to be chief drivers for this market.

Restraints:

Development of alternate and renewable sources of energy is a possible restraint.

The Asia-Pacific oilfield chemicals market can be segmented by chemical types (biocides, corrosion & scale inhibitors, demulsifiers, polymers, pour-point depressants, surfactants and other chemicals), by their application (cementing, drilling, enhanced oil discovery, production, well stimulation, workover and completion) and by their geography (China, India, Japan, South Korea and other countries). The key players in this market are:

  • Ashland Inc.
  • Lamberti Group
  • Stepan Company
  • Weatherford International

Key Deliverables in the Study

  • Analysis for the Asia-Pacific oilfield chemicals market, with region specific assessments and competition analysis.
  • Market definition along with the identification of key drivers and restraints.
  • Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence this market on a regional scale.
  • Extensively researched competitive landscape section with profiles of major companies along with their market share.
  • Identification and analysis of the macro and micro factors that affect the Asia-Pacific oilfield chemicals market on a regional scale.
  • A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
  • A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.
  • Insights on the major countries/regions where this industry is blooming and to also identify the regions that are still untapped.
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