Enjoy complimentary customisation on priority with our Enterprise License!
The oilfield biocides market size has the potential to grow by USD 125.13 million during 2020-2024, and the market's growth momentum will accelerate during the forecast period. The report analyzes the market's competitive landscape and offers information on several market vendors, including Akzo Nobel NV, BASF SE, Clariant International Ltd., Dow Inc., DuPont de Nemours Inc., Evonik Industries AG, Halliburton Co., Kemira Oyj, Solvay SA, and The Lubrizol Corp. Furthermore, this report provides a detailed analysis of the market by type (glutaraldehyde, chlorine, THPS, quaternary ammonium, and others) and geography (APAC, Europe, MEA, North America, and South America).
Browse TOC and LoE with selected illustrations and example pages of Oilfield Biocides Market
The oilfield biocides market is fragmented and competitive in nature. The key market players are competing against each other to claim a sizable portion of the market share. The vendors have been focusing on innovative methods of production of oilfield biocides to gain competitive edge. Among the strategies employed by the vendors, the most common strategy is expansion. Furthermore, the prominent vendors in the market are trying to expand their operations, thereby giving themselves an opportunity to offer a broader range of oilfield services such as drilling, design, exploration, and engineering. Companies are also focused on regional expansions to penetrate untapped markets. Akzo Nobel NV, BASF SE, and Clariant International Ltd. are some of the major market participants. Although the increasing adoption of oxidizing oilfield biocides will offer immense growth opportunities, the health hazards associated with exposure to oilfield biocides will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
To help clients improve their market position, this oilfield biocides market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market's competitive landscape and offers information on the products offered by various companies. Moreover, this oilfield biocides market analysis report also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.
This report provides information on the production, sustainability, and prospects of several leading companies, including:
For more insights on the market share of various regions Request for a FREE sample now!
North America was the largest oilfield biocides market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The rapid expansion of gas and shale oil production and drilling, inclination toward adopting environment-friendly products among consumers, and stringent environmental regulations relating to volatile organic compounds (VOCs) emissions of synthetic solvents will significantly drive oilfield biocides market growth in this region over the forecast period.
62% of the market's growth will originate from North America during the forecast period. The US and Canada are the key markets for oilfield biocides in North America. Market growth in this region will be faster than the growth of the market in APAC and South America.
Request for a FREE sample and Get more information on the market contribution of various segments
Glutaraldehyde is used as an effective biocide in the oilfield industry due to its excellent performance in both neutral and alkaline water. It is a pungent, colorless, and oily liquid. Since the application of glutaraldehyde has resulted in a reduced biofilm accumulation in oilfields and significantly reduces bacterial population and metabolic activity, the oilfield biocides market will witness considerable growth in the glutaraldehyde segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the oilfield biocides market size.
Oxidizing biocides are extensively used in various applications, including commercial cleaning and industrial processes, as a chemical agent since they are ideal for destroying microorganisms. Technavio's research analysis on the global oilfield biocides market has identified the increasing adoption of oxidizing oilfield biocides as one of the major factors that will have a positive impact on the market growth in the coming years. Oilfield biocides are used in different stages of various industrial processes, including packer fluids and drilling. Oxidizing oilfield biocides are highly preferred over non-oxidizing agents because they are ideal for cases wherein the oilfield microbial growth is too high. Oxidizing biocides are more reactive and persistent than the non-oxidizing biocides and as a result, the coming years will witness a positive increase in the demand for oxidizing oilfield biocide chemicals. This will subsequently fuel the growth of the oilfield biocides market. Our market research analysts predict that this oilfield chemicals market will grow at a CAGR of almost 4% during the forecast period.
One of the emerging oilfield biocides market trends that is expected to gain traction during the next few years is the combined application of biocides with microbiocides for better microbial control solutions. For instance, biocides such as glutaraldehyde are combined with microbiocides such as TRIS (hydroxymethyl) nitromethane (THNM). THNM is used to control the proliferation of common oilfield bacteria such as acid producing bacteria (APB) and sulfate-reducing bacteria (SRB). This combination also helps in the prevention of biofouling, corrosion of assets (microbial influenced), and the formation (biogenic) of souring.
We can help! Our analysts can customize this report to meet your requirements. Get in touch
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Type
Customer Landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.
Get the report (PDF) sent to your email within minutes.