LONDON--(BUSINESS WIRE)--Technavio has announced the top five leading vendors in their recent global oilfield process chemicals market report from 2017 to 2021. This research report also lists 18 other prominent vendors that are expected to impact the market during the forecast period.
The global oilfield process chemicals market will exhibit a remarkable growth during the forecast period. The oil and gas industry, which is the only end-user for oilfield process chemicals, has a high demand for these chemicals because of their various applications in making upstream operations in the oil and gas industry highly productive and efficient.
Competitive vendor landscape
The global oilfield process chemicals market consists of many players, and they operate their businesses at both global and regional levels. These players possess dominant positions in the market along with other important players and feature a wide range of oilfield process chemicals suitable for different operations such as drilling, cementing, completion, and production.
“Key vendors have enormous geographical presence with numerous manufacturing facilities situated around the world. They have production sites located across the globe and function at optimal capacities through strategic partnerships and collaborations. There are many regional vendors, which also have substantial shares in the market. Therefore, major players in the market seek out to broaden their geographical footprints with the help of mergers and acquisitions or joint ventures, which offer them easy approachability to saturating markets and pose little risk,” says Amber Chourasia, a lead specialty chemicals research analyst from Technavio.
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Top five oilfield process chemicals market vendors
Baker Hughes Oilfield products and services fall into the drilling and evaluation and completion and production business units. The drilling and evaluation business unit consists of drilling and completion fluids such as emulsion and water-based drilling fluids, completion fluids, and reservoir drill-in fluids.
Oilfield solutions provided by BASF include drilling, cementing, stimulation, production, and enhanced oil recovery. Main products include lubricants, biocides, corrosion inhibitors, defoamers, shale inhibitors, flocculants, dispersants, fluid loss control additives, retarders, acids, friction reducers, water control polymers, hydrogen sulfide scavengers, and surfactants.
Halliburton provides oilfield chemicals for applications such as drilling, cementing, completion, stimulation, and well intervention. Halliburton Baroid is a high-quality additive used as a drilling fluid. The chemicals used for cementing includes accelerators, defoamers, dispersants, and retarders.
Schlumberger offers oilfield process chemicals for various applications such as drilling, production, completion, and processing and separations. They provide chemical solutions under three segments such as PREVENT, PERFORM, and CURE in production chemicals. The drilling fluid products are based on water, oil, and synthetic technologies to improve the drilling efficiency.
The Dow Chemical Company
Chelating agents produced by The Dow Chemical Company are extensively used in oilfield applications such as drilling, production, and oil recovery. VERSENE is a scale inhibitor used in boilers for enhanced oil recovery. Other oilfield applications include acidizing, fracturing fluids, scale control, and dispersants.
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