Oilfield Chemicals Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The market is segmented by Chemical Type (Biocides, Corrosion and Scale Inhibitors, Demulsifiers, Polymers, Surfactants, and Other Chemical Types), Application (Drilling and Cementing, Enhanced Oil Recovery, Production, Well Stimulation, and Workover and Completion), and Geography (Asia-Pacific, North America, Europe, South America, Middle-East & Africa).

Market Snapshot

oilfield-chemicals-market_Market Summary
Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: North America
Largest Market: North America
CAGR: >4 %

Need a report that reflects how COVID-19 has impacted this market and its growth?

Market Overview

The oilfield chemicals market is expected to register a CAGR of over 4% during the forecast period. This market is driven by a number of factors, such as increasing shale gas exploration and production. The opening of new horizons, due to deep-water drilling operations, is likely to act as key major opportunities for the oilfield chemicals market.

  • Rising demand for petroleum-based fuel from the transportation industry is expected to drive the demand for the market, during the forecast period.
  • Clean energy initiatives are likely to hinder the market growth.
  • Production opportunities provided by developing countries is projected to act as an opportunity for the market, in the future.

Scope of the Report

The oilfield chemicals market report includes:

Chemical Type
Corrosion and Scale Inhibitors
Other Chemical Types
Drilling and Cementing
Enhanced Oil Recovery
Well Stimulation
Workover and Completion
Australia & New Zealand
Rest of Asia-Pacific
North America
United States
United Kingdom
Rest of Europe
South America
Rest of South America
Middle-East & Africa
Saudi Arabia
United Arab Emirates
Rest of Middle-East & Africa

Report scope can be customized per your requirements. Click here.

Key Market Trends

Drilling & Cementing Application to Dominate the Market

  • In the drilling segment, oilfield chemicals are used to stabilize temperature and prevent contaminated products from entering the drilling fluid system.
  • They are also added as additives to the drilling fluids used to maintain the hydrostatic pressure and clear the wellbore from cuttings. The rise in the deep-water drilling activities is expected to drive the oilfield chemicals market in the future.
  • The rise in the deep-water drilling activities is expected to drive the oilfield chemicals market in the future.
  • Many projects on oil extraction have started, which would include drilling and cementing as the initial stages and thereby increasing the demand for oilfield chemicals in this segment.
  • Additionally, the huge demand for technologically advanced cementing products, such as Selvol Polyvinyl Alcohol having non-ionic and low-viscous properties, is expected to open up opportunities in the oilfield chemicals market.
Oilfield Chemicals Market Segmentation Trends

To understand key trends, Download Sample Report

North America to Dominate the Market

  • The North American region dominates the global oilfield chemicals market, due to the increased emphasis on shale gas production and exploration in the region.
  • The United States accounts for the major share in North America, mainly owing to the boom in the shale gas industry, advancements in technologies, and increasing oil exports.
  • The shale gas production has been increasing exceptionally over the recent years, and owing to increasing demand from the major developing economies of Asia-Pacific, the demand for natural gas is expected to rise over the forecast period.
  • This growing production of shale gas in North America, in turn, is projected to increase the demand for oilfield chemicals over the forecast period.
Oilfield Chemicals Market Regional Trends

To understand geography trends, Download Sample Report

Competitive Landscape

The oilfield chemicals market is highly consolidated. Key players in the oilfield chemicals market include Halliburton, Schlumberger Limited, Baker Hughes Company, Ecolab (NALCO Champion), and Solvay, among others.

Table of Contents


    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study




    1. 4.1 Drivers

      1. 4.1.1 Increased Shale Gas Exploration and Production

      2. 4.1.2 Rising Demand for Petroleum Based Fuel from the Transportation Industry

    2. 4.2 Restraints

      1. 4.2.1 Clean Energy Initiatives

      2. 4.2.2 Other Restraints

    3. 4.3 Industry Value-Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition


    1. 5.1 Chemical Type

      1. 5.1.1 Biocides

      2. 5.1.2 Corrosion and Scale Inhibitors

      3. 5.1.3 Demulsifiers

      4. 5.1.4 Polymers

      5. 5.1.5 Surfactants

      6. 5.1.6 Other Chemical Types

    2. 5.2 Application

      1. 5.2.1 Drilling and Cementing

      2. 5.2.2 Enhanced Oil Recovery

      3. 5.2.3 Production

      4. 5.2.4 Well Stimulation

      5. 5.2.5 Workover and Completion

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. China

        2. India

        3. Indonesia

        4. Malaysia

        5. Thailand

        6. Australia & New Zealand

        7. Vietnam

        8. Rest of Asia-Pacific

      2. 5.3.2 North America

        1. United States

        2. Canada

        3. Mexico

      3. 5.3.3 Europe

        1. Russia

        2. Norway

        3. United Kingdom

        4. Rest of Europe

      4. 5.3.4 South America

        1. Brazil

        2. Argentina

        3. Columbia

        4. Rest of South America

      5. 5.3.5 Middle-East & Africa

        1. Saudi Arabia

        2. Iran

        3. Iraq

        4. United Arab Emirates

        5. Algeria

        6. Nigeria

        7. Rest of Middle-East & Africa


    1. 6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Nouryon

      2. 6.4.2 Albemarle Corporation

      3. 6.4.3 Ashland

      4. 6.4.4 Baker Hughes Company

      5. 6.4.5 BASF SE

      6. 6.4.6 CES Energy Solutions Corp.

      7. 6.4.7 Clariant

      8. 6.4.8 Croda International Plc

      9. 6.4.9 Chevron Phillips Chemical Company (Drilling Specialties Company)

      10. 6.4.10 Dow

      11. 6.4.11 ELEMENTIS PLC

      12. 6.4.12 Flotek Industries, Inc.

      13. 6.4.13 Halliburton

      14. 6.4.14 Huntsman International LLC

      15. 6.4.15 Innospec Oilfield Services

      16. 6.4.16 Kemira

      17. 6.4.17 Ecolab (NALCO Champion)

      18. 6.4.18 Schlumberger Limited

      19. 6.4.19 MPRC

      20. 6.4.20 Solvay

      21. 6.4.21 The Lubrizol Corporation

      22. 6.4.22 Zirax Limited

    5. *List Not Exhaustive

    1. 7.1 New Horizons Opened Up, due to Deep-water Drilling Operations

    2. 7.2 Production Opportunities Provided by Developing Countries

**Subject to Availability

You can also purchase parts of this report. Do you want to check out a section wise price list?

Frequently Asked Questions

The Oilfield Chemicals Market market is studied from 2016 - 2026.

The Oilfield Chemicals Market is growing at a CAGR of >4% over the next 5 years.

North America is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Halliburton, Schlumberger Limited, Solvay, Ecolab (NALCO Champion), Baker Hughes Company are the major companies operating in Oilfield Chemicals Market.

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!