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Oilfield Chemicals Market Size & Share - Industry Report 2018-2026

Oilfield Chemicals Market

The oilfield services market is expected to grow from an estimated USD 106.4 billion in 2017 to USD 125.5 billion by 2022, registering a CAGR of 3.4%, from 2017 to 2022. The global market is set to witness a significant growth due to the increasing shale gas exploration, increasing oil & gas production, and growing efforts in exploring new oil & gas reserves.

Global Hydraulic Fracturing Market Overview The global hydraulic fracturing market is projected to reach USD 74.4 billion by 2028 from an estimated USD 52.1 billion in 2023, at a CAGR of 7.4% during the forecast period. Factors such as the growing demand for hydraulic fracturing technology with increasing requirements for energy are driving the growth of the hydraulic fracturing market. Key Market Players The hydraulic fracturing market is served by many international players with a global operational presence and local players with a strong domestic supply network. Halliburton (US), SLB (US), Liberty Oilfield Services LLC (US), Baker Hughes (US), and NexTier Oilfield Solutions (US) are the market leaders in the global hydraulic fracturing market. These companies use strategies such as acquisitions, expansions, contracts, agreements, mergers, and investments, to increase their market share.

Malikai oilfield is located approximately 100km off the coast of Sabah, Malaysia, in water depths of up to 500m within Block G of the South China Sea. It is Malaysia's third deepwater project after the Kikeh and Gumusut Kakap projects. Shell (the operator) and ConocoPhillips hold 35% interest each in the development, while Petronas Carigali owns the remaining 30% interest.

Energy major Cairn India, which operates the biggest on-land oilfield in Rajasthan's Barmer district, said the oil potential from this field had been revised upwards to 6.5 billion barrels of oil equivalent -- from an earlier estimate of 4 billion barrels.

Forties Oilfield, located in the UK Licence Block 21/10, approximately 140 miles north-east of Aberdeen in the UK sector of the North Sea, was discovered by British Petroleum (BP) in October 1970. The platforms at the field include Forties Alpha, Forties Bravo, Forties Charlie, Forties Delta and Forties Echo.

A few major players that have a wide regional presence dominate the well intervention market. The leading players in the well intervention market include Halliburton (US), Schlumberger (US), Baker Hughes (US), Weatherford International (US), and NexTier Oilfield Solutions (US).

Oil major ONGC will invest Rs.3,241 crore in the development of the marginal fields in Arabian Sea. It also plans to initiate a pilot research project in the exploration of shale gas in Damodar basin.

The global market of Artificial Lift is mainly driven by rising number of rig counts and wells completion activities in conventional and non-conventional fields. Rising demand and price of hydrocarbons led to the development in upstream sector and drive oilfield service and equipment market accompanied with artificial lift market.

The sand control systems market is expected to grow at a CAGR of 3.78%, from 2017 to 2022, to reach a market size of USD 2.84 billion by 2022. Rising oil & gas production, high day rates of offshore rigs, and growth in number of wells are the major factors driving the sand control systems market. New oilfield reserves, and redevelopment of ageing reservoirs are expected to create new opportunities for the sand control system companies. Moreover, governments in most of the countries are investing in oil & gas industry to match up with the growing energy demand. All these factors are further expected to boost the sand control systems market during the forecast period.

The global coiled tubing market size is projected to reach USD 4.0 billion by 2025 from an estimated USD 3.0 billion in 2020, at a post COVID-19 CAGR of 5.8% during the forecast period. Stabilized oil prices have revitalized the exploration & production expenditures globally. This has led to increased investments in the enhancement of productivity of oil & gas wells. Furthermore, the global coiled tubing industry is driven by the upsurge in the oil & gas production by countries owing to rising demand from the Asia Pacific.

Increasing efforts by upstream companies to enhance the production from the mature fields is driving the enhanced oil recovery market. The global enhanced oil recovery market size is projected to reach USD 59.4 billion by 2025 from an estimated USD 43.3 billion in 2020, at a CAGR of 6.5% during the forecast period.

the global coiled tubing market size is projected to reach USD 4.0 billion by 2025 from an estimated USD 3.0 billion in 2020, at a post COVID-19 CAGR of 5.8% during the forecast period. Stabilized oil prices have revitalized the exploration & production expenditures globally. This has led to increased investments in the enhancement of productivity of oil & gas wells. Furthermore, the global coiled tubing industry is driven by the upsurge in the oil & gas production by countries owing to rising demand from the Asia Pacific. Browse 245 market data Tables and 61 Figures spread through 264 Pages and in-depth TOC on "Coiled Tubing Market" Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=804 North America is estimated to be the fastest-growing market for coiled tubing during the forecast period. The region has been segmented, by country, into the US and Canada. The increasing shale oil & gas production in the North America region is driving the coiled tubing market. According to the BP statistical report for June 2019, the US is the top producer of oil, producing 15.3 billion barrels of oil, in 2018. Moreover, the country has been experiencing huge investments from upstream operators to increase the production from the depleting fields in Texas, Permian Basin, and the Gulf of Mexico, along with new drilling activities in ultra-deepwater locations in the Gulf of Mexico, which is likely to drive the North American coiled tubing market. The coiled tubing market, by service, is segmented into well intervention service, drilling service, and others. Others include minor services such as fishing, fracturing, wireline logging, and inspection. Well Intervention services is the fastest growing market by region and are also observed as new revenue pockets. These services are further sub-segmented as well cleaning & pumping operations and well completions & mechanical operations. The challenges faced by oilfield operators during the well comple

The global well intervention market is projected to reach USD 9.3 billion by 2026 from an estimated USD 7.6 billion in 2021, at a CAGR of 4.2 % during the forecast period. The global well intervention market is driven by the upsurge in the new oil and gas discoveries and increase in production of oil & gas by countries owing to rising demand from the Asia Pacific.

According to the new market research report "Power Grid System Market in Subsea by Component (Cables, Variable Speed Drives, Transformers, Switchgears), Application (Captive Generation, Wind Power), Depth (Shallow Water and Deepwater) and Region - Global Forecast to 2027", is expected to grow from an estimated USD 9.1 billion in 2022 to USD 14.8 billion in 2027, at a CAGR of 10.2% during the forecast period. Power grid systems in subsea play an important role in the offshore power supply network. Subsea power grid comprise of several components such as cables, transformers, variable speed drives, switchgears, and others used for various applications. The subsea power grid system is gaining traction as oilfield operators are moving toward deep and ultra-deepwater levels for exploring oil and gas reserves. Moreover, offshore wind power is also one of the prominent applications for subsea power grid systems. Favorable government policies for offshore renewable power production, especially using wind energy along with urgent need to reduce carbon emissions and improve grid reliability and efficiency is expected to drive the demand for subsea power grid systems.

Utilizing both primary and secondary research methods, Reports and Insights investigated the industrial surfactants Market from every perspective in recent times. The issued report is promising the clients to help them gain a deeper understanding of prevailing market dynamics such as supply-demand asymmetry, product preferences, customer preferences and habits, pricing trends, and so forth. The data is then compiled and evaluated using a scale of market assessment and data validation approaches. In addition, Reports and Insights have an in-house data prognostic approach that prophecies market growth through 2030.   Request To Download Sample of This Strategic Report: https://reportsandinsights.com/sample-request/4786 Industrial Surfactants Market Size & Share According to Reports and Insights analysis, the global industrial surfactants market size is estimated to be US$ 8.5 Bn in 2022. Furthermore, the industrial surfactants market to register a CAGR of 5.0% which is expected to result in market forecast value for 2030 as US$ 12.6 Bn. Chemicals with low surface tension are known as surfactants. They are utilized in the home, and in the textile and personal care industries. In the food and beverage business, they are also commonly used. The numerous industries that employ surfactants are predicted to increase significantly during the coming years. Surfactants are typically utilized as emulsifiers, detergents, wetting agents, dispersants, or foaming agents to reduce the surface tension between any two liquids or a solid and a liquid. They are used in a variety of end-use sectors, including those involving petroleum, medicines, agrochemicals, and cosmetics. Over the next seven years, the industry is expected to profit from ongoing sector development. Increase in awareness and standard of living lead to expansion of market Consumers worldwide have adapted to and positively responded to a variety of applications with surfactants at their core. In the midst of the

The well intervention market is expected to grow from an estimated USD 7.6 billion in 2021 to USD 9.3 billion by 2026, at a CAGR of 4.2% during the forecast period. The growing need for maximizing production potential of mature oil and gas fields is the main driver for the well intervention market. Digitalization and automation of well intervention solutions and the growing demand for offshore and subsea well intervention are expected to offer lucrative opportunities for the well intervention market during the forecast period.

The global well intervention market is projected to reach USD 9.3 billion by 2026 from an estimated USD 7.6 billion in 2021, at a CAGR of 4.2 % during the forecast period. The global well intervention market is driven by the upsurge in the new oil and gas discoveries and increase in production of oil & gas by countries owing to rising demand from the Asia Pacific.

With the increasing production from mature oilfields, there are high growth prospects for the enhanced oil recovery market during the forecast period.The leading players in the enhanced oil recovery market include Halliburton (US), Schlumberger (US), Baker Hughes Company (US), Royal Dutch Shell Plc (Netherlands), and BP Plc(UK).

the Power Grid System Market in Subsea is expected to grow from an estimated USD 9.1 billion in 2022 to USD 14.8 billion in 2027, at a CAGR of 10.2% during the forecast period. Power grid systems in subsea play an important role in the offshore power supply network. Subsea power grid comprise of several components such as cables, transformers, variable speed drives, switchgears, and others used for various applications. The subsea power grid system is gaining traction as oilfield operators are moving toward deep and ultra-deepwater levels for exploring oil and gas reserves. Moreover, offshore wind power is also one of the prominent applications for subsea power grid systems. Favorable government policies for offshore renewable power production, especially using wind energy along with urgent need to reduce carbon emissions and improve grid reliability and efficiency is expected to drive the demand for subsea power grid systems.