Europe Oilfield Chemicals-Forecasts and Trends (2017-2022)

Summary

Europe Oilfield Chemicals Market Segmented by Chemical, Application and (2017-2022).

Description

The oilfield chemicals market in Europe, valued at USD 2.119 billion in 2015, is likely to sustain its current CAGR of about 7.09% in the oncoming (2017 – 2022) analysis period. Interestingly, the demand is expected to be growing at the fastest rate in Russia. The oilfield chemicals market is anticipated to grow due to the explorations of shale gas from unconventional sources, those which were previously considered uneconomical for the same. The recent discoveries of new oil-wells are also assisting this entire augmentation in the demand for oilfield chemicals in Europe.

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, cause 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, especially 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.

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Market Dynamics of the European Oilfield 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.

Restraints:

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

The European 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), by their geography (U.K, Spain, Italy, Germany and other countries). The European oilfield market is fast growing because of the increasing demands especially from countries like Russia, Italy, UK and Spain.

 

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The report offers insights into the recent developments, financials and the product & services of the major market players of the industry in the region.

 The key players in this market are:

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

Key Deliverables in the Study:

  1. Analysis for the European oilfield chemicals market, with region specific assessments and competition analysis.
  2. Market definition along with the identification of key drivers and restraints.
  3. 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.
  4. Extensively researched competitive landscape section with profiles of major companies along with their market share.
  5. Identification and analysis of the macro and micro factors that affect the European oilfield chemicals market on a regional scale.
  6. A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
  7. 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.
  8. Insights on the major countries/regions where this industry is blooming and to also identify the regions that are still untapped.

No. of Report Pages:  144

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