Study #: 3781 | Published: 01/2020 | Pages: 290 | Individual User License: US$ 5,500

US demand for oilfield chemicals is forecast to increase to 9.2% annually to $14.4 billion in 2023. Demand will be supported by:

  • increasing numbers and footage of wells drilled, which will require larger volumes of oilfield fluids and boost demand for chemicals, particularly those used in drilling and completion activities
  • ongoing dominance of unconventional drilling activity, driving demand for stimulation chemicals
  • concerns regarding the environmental impact of drilling, supporting demand for more environmentally friendly (and higher cost) oilfield chemicals

Increasing Drilling Activity & Increased Well Lengths Driving Oilfield Chemical Demand

Though drilling and production activity are projected to show moderate growth through 2023, increases in average well length will continue to boost per well volumes required for drilling, stimulation, production, and completion. As a result, the consumption of oilfield chemicals per well will rise, resulting in a healthy pace of demand growth for oilfield chemicals, faster than the gains seen in drilling and production activity.

Continued Dominance of Unconventional Drilling Will Buoy Oilfield Chemical Demand

The drilling of unconventional plays is expected to continue to dominate drilling activity through 2023, and the higher costs and greater level of complexity associated with unconventional oil and gas wells will require higher performance oilfield chemicals, further driving value demand growth. However, growth will not be as rapid as the during the 2008-2018 period due in part to oil and gas prices that remain below peaks reached earlier in the decade. Uncertainty surrounding oil prices could also discourage the drilling of more complex wells, which typically utilize larger volumes of oilfield chemicals.

Although oil prices are forecast to trend up, they will see some volatility and remain below a peak reached in the earlier part of the decade. While this would have historically been a drag on drilling activity, the ability to produce oil more efficiently at a lower cost has somewhat reduced the impact of pricing on oil production by lowering the threshold at which drilling becomes profitable.

Environmental Concerns Expected to Shape Oilfield Product Mix

Regulations have been introduced that seek to limit the potentially harmful effects of the oil and gas industry, with these regulations ranging from curbing the use of environmentally harmful chemicals to guidelines regarding water management issues and the appropriate disposal of hazardous wastes. These concerns will continue to drive the development and use of higher value products as the industry attempts to forestall formal regulation by embracing more environmentally friendly alternatives, including biodegradable shale inhibitors and less toxic biocides. This will in turn boost oilfield chemical demand due to the higher price of these chemicals compared to the products they are replacing.

Nevertheless, the shift toward more environmentally friendly slickwater fracturing fluids that contain reduced chemical loadings will limit stronger advances, as will increasing use of recycled produced water, which often contains residual oilfield chemicals.


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Table of Contents

1. Executive Summary

2. Factors Affecting Oilfield Chemical Demand

Crude Oil & Natural Gas Industry Overview

Crude Oil & Natural Gas Production & Consumption

Crude Oil & Petroleum Liquids

Natural Gas

Oil & Gas Prices

Petroleum

Supply & Demand

Production

Drilling

Pricing

Natural Gas

Supply & Demand

Production

Drilling

Pricing

Oilfield Services Outlook

Environmental & Regulatory Considerations

Overview

Drilling Fluids Waste

Offshore Drilling

Exploration & Production in Environmentally Sensitive Regions

Hydraulic Fracturing

Water Management Issues

Market Volatility

Pricing Trends

Pricing Overview

Drilling & Completion Fluids

Oilfield Chemicals

Foreign Trade

3. Oilfield Technology

Overview

Drilling Technologies

Trends in Use

Directional Drilling

Horizontal Drilling

Pad Drilling

Underbalanced Drilling

Other Drilling Technologies

Well Completion

Well Stimulation

Developments in Well Stimulation

Hydraulic Fracturing

Gas Fracturing

Multistage Fracturing

Refracturing

Acidizing

Other Well Stimulation Technologies

Enhanced Oil Recovery (EOR)

Enhanced Oil Recovery Outlook

Thermal Recovery

Gas Recovery

Chemical Recovery

Other EOR Methods

Unconventional Resource Development

Unconventional Resource Development's Effect on US Oil & Gas Industry

Tight Oil

Shale Gas

Coalbed Methane

4. Oilfield Fluids

Key Findings

Scope

Oilfield Fluids Demand by Type

Stimulation Fluids

Scope & Fluid Description

Demand by Type

Slickwater Fracturing Fluids

Crosslinked & Linear Gels

Other Stimulation Fluids

Drilling Fluids

Scope & Fluid Description

Demand by Type

Water-Based Drilling Fluids

Oil-Based Drilling Fluids

Synthetic-Based Drilling Fluids

Demand by Location

Market Share

Cement Slurries

Scope & Fluid Description

Demand Outlook

Suppliers

Completion & Workover Fluids

Scope & Fluid Description

Demand Outlook

Market Share

5. Oilfield Chemical Applications

Key Findings

Historical Oilfield Chemical Demand

Oilfield Chemical Demand by Application

Stimulation Fluid Additives

Demand by Type

Suppliers

Gelling Agents

Acids

Biocides

Friction Reducers

Breakers

Other Stimulation Fluid Additives

Drilling Fluid Additives

Demand by Type

Suppliers

Weighting Materials

Viscosifiers

Shale Inhibitors

Other Drilling Fluid Additives

Production Chemicals

Scope

Demand by Type

Suppliers

Corrosion & Scale Inhibitors

Demulsifiers

Asphaltene & Paraffin Inhibitors

Other Production Chemicals

Enhanced Oil Recovery (EOR) Products

Completion & Workover Fluid Additives

Scope

Demand by Type

Suppliers

Cement Additives

Demand by Type

Fluid Loss Control Additives

Accelerators & Retarders

Extenders

Other Cement Additives

6. Oilfield Chemical Products

Key Findings

Oilfield Chemicals Demand by Product

Specialty Chemicals

Demand by Type

Suppliers

Biocides

Corrosion & Scale Inhibitors

Demulsifiers

Other Specialty Chemicals

Commodity Chemicals

Demand by Type

Suppliers

Acids

Barite

Clays

Other Commodity Chemicals

Polymers

Demand by Type

Suppliers

Natural & Synthetic Gums (Guar, Xanthan, & Other Gums)

Demand by Type

Guar Gum

Xanthan Gum

Other Gums

Polyacrylamides

Cellulose & Starch Polymers

Other Polymers

Gases

Carbon Dioxide

Product Description

Demand Outlook

Suppliers

Nitrogen

7. Industry Structure

Key Findings & Industry Composition

Market Share

Formulated Product Suppliers

Materials Suppliers

Competitive Strategies

Mergers & Acquisitions

Cooperative Agreements

Marketing & Distribution

Research & Development

List of Industry Participants

8. Appendix

Scope

Definitions

Abbreviations

Freedonia Methodology

Study-Specific Methodology

Sources

Associations & Agencies

Related Studies & Reports

Macroeconomic Assumptions

Economic Environment

Demographics


List of Tables

2. Factors Affecting Oilfield Chemical Demand

Table 2-1 | Oil & Gas Production & Consumption, 2008 - 2023

Table 2-2 | Petroleum Supply & Demand, 2008 - 2023 (million barrels)

Table 2-3 | Crude Oil Drilling Indicators, 2008 - 2023

Table 2-4 | Natural Gas Supply & Demand, 2008 - 2023 (trillion cubic feet)

Table 2-5 | Natural Gas Drilling Indicators, 2008 - 2023

Table 2-6 | Oilfield Services Indicators, 2008 - 2023

Table 2-7 | Oilfield Chemical Market, 2008 - 2018

Table 2-8 | Average Drilling & Completion Fluid Prices, 2008 - 2023 (dollars per gallon)

Table 2-9 | Selected Oilfield Chemical Product Prices, 2008 - 2023 (dollars per pound)

3. Oilfield Technology

Table 3-1 | Directional Drilling: Characteristics, Advantages, & Disadvantages

Table 3-2 | Horizontal Drilling: Characteristics, Advantages, & Disadvantages

Table 3-3 | Oil Production from Enhanced Oil Recovery (EOR), 2008 - 2023 (million barrels & number of projects)

4. Oilfield Fluids

Table 4-1 | Formulated Oilfield Fluid Volume by Type, 2008 - 2023 (million gallons)

Table 4-2 | Stimulation Fluid Demand by Type, 2008 - 2023 (million gallons)

Table 4-3 | Crosslinked & Linear Gel Fracturing Fluid Demand by Type, 2008 - 2023 (million gallons)

Table 4-4 | Other Stimulation Fluid Volume by Type, 2008 - 2023 (million gallons)

Table 4-5 | Drilling Fluid Demand by Type, 2008 - 2023 (million gallons & million dollars)

Table 4-6 | Water-Based Drilling Fluid Demand by Location, 2008 - 2023 (million gallons & million dollars)

Table 4-7 | Water-Based Drilling Fluids: Characteristics, Advantages, & Disadvantages

Table 4-8 | Oil-Based Drilling Fluid Demand by Location, 2008 - 2023 (million gallons & million dollars)

Table 4-9 | Synthetic-Based Drilling Fluid Demand by Location, 2008 - 2023 (million gallons & million dollars)

Table 4-10 | Drilling Fluid Demand by Location, 2008 - 2023 (million dollars)

Table 4-11 | Completion & Workover Fluid Demand, 2088 - 2023 (million gallons & million dollars)

5. Oilfield Chemical Applications

Table 5-1 | Formulated Oilfield Chemical Product Demand by Application, 2008 - 2023 (million dollars)

Table 5-2 | Stimulation Fluid Additive Demand by Type, 2008 - 2023 (million dollars & million pounds)

Table 5-3 | Selected Stimulation Fluid Additive Suppliers

Table 5-4 | Gelling Agent Demand in Stimulation Fluids by Type, 2008 - 2023 (million dollars & million pounds)

Table 5-5 | Acid Demand in Stimulation Fluids by Type, 2008 - 2023 (million dollars & million pounds)

Table 5-6 | Biocide Demand in Stimulation Fluids, 2008 - 2023 (million dollars & million pounds)

Table 5-7 | Friction Reducer Demand in Stimulation Fluids by Type, 2008 - 2023 (million dollars & million pounds)

Table 5-8 | Breaker Demand in Stimulation Fluids, 2008 - 2023 (million dollars & million pounds)

Table 5-9 | Other Stimulation Fluid Additive Demand by Type, 2008 - 2023 (million dollars & million pounds)

Table 5-10 | Drilling Fluid Additive Demand by Type, 2008 - 2023 (million dollars & million pounds)

Table 5-11 | Selected Drilling Fluid Additive Suppliers

Table 5-12 | Weighting Material Demand in Drilling Fluids by Type, 2008 - 2023 (million dollars & million pounds)

Table 5-13 | Viscosifier Demand in Drilling Fluid by Type, 2008 - 2023 (million dollars & million pounds)

Table 5-14 | Shale Inhibitor Demand in Drilling Fluids, 2008 - 2023 (million dollars & million pounds)

Table 5-15 | Other Drilling Fluid Additive Demand by Type, 2008 - 2023 (million dollars & million pounds)

Table 5-16 | Other Drilling Fluid Additives: Characteristics & Selected Types

Table 5-17 | Oilfield Production Chemical Demand by Type, 2008 - 2023 (million dollars & million pounds)

Table 5-18 | Selected Production Chemicals Suppliers

Table 5-19 | Corrosion & Scale Inhibitor Demand in Oilfield Production, 2008 - 2023 (million dollars & million pounds)

Table 5-20 | Demulsifier Demand in Oilfield Production, 2008 - 2023 (million dollars & million pounds)

Table 5-21 | Demulsifiers & Related Chemicals: Characteristics, Uses, & Components

Table 5-22 | Asphaltene & Paraffin Inhibitor Demand in Oilfield Production, 2008 - 2023 (million dollars & million pounds)

Table 5-23 | Other Production Chemical Demand by Type, 2008 - 2023 (million dollars & million pounds)

Table 5-24 | Enhanced Oil Recovery (EOR) Product Demand by Type, 2008 - 2023 (million dollars & million barrels)

Table 5-25 | Completion & Workover Fluid Additive Demand by Type, 2008 - 2023 (million dollars)

Table 5-26 | Cement Additive Demand by Type, 2008 - 2023 (million dollars & million pounds)

Table 5-27 | Fluid Loss Control Additive Demand in Oilfield Cement Slurries, 2008 - 2023 (million dollars & million pounds)

Table 5-28 | Accelerator & Retarder Demand in Oilfield Cement Slurries, 2008 - 2023 (million dollars & million pounds)

Table 5-29 | Extender Demand in Oilfield Cement Slurries, 2008 - 2023 (million dollars & million pounds)

Table 5-30 | Other Additive Demand in Oilfield Cement Slurries, 2008 - 2023 (million dollars & million pounds)

6. Oilfield Chemical Products

Table 6-1 | Oilfield Chemical Demand by Type, 2008 - 2023 (million dollars)

Table 6-2 | Specialty Chemical Demand in Oilfield Applications by Type, 2008 - 2023 (million dollars & million pounds)

Table 6-3 | Selected Specialty Chemical Suppliers, Products, & Brands

Table 6-4 | Biocide Demand in Oilfield Applications, 2008 - 2023 (million dollars & million pounds)

Table 6-5 | Corrosion & Scale Inhibitor Demand in Oilfield Applications, 2008 - 2023 (million dollars & million pounds)

Table 6-6 | Demulsifiers & Related Product Demand in Oilfield Applications, 2008 - 2023 (million dollars & million pounds)

Table 6-7 | Other Specialty Chemical Demand in Oilfield Applications, 2008 - 2023 (million dollars & million pounds)

Table 6-8 | Commodity Chemical Demand in Oilfield Applications by Type, 2008 - 2023 (million dollars & million pounds)

Table 6-9 | Selected Commodity Chemical Suppliers, Products, & Brands

Table 6-10 | Acid Demand in Oilfield Applications by Type, 2008 - 2023 (million dollars)

Table 6-11 | Barite Demand in Oilfield Applications, 2008 - 2023 (million dollars)

Table 6-12 | Clay Demand in Oilfield Applications by Type, 2008 - 2023 (million dollars & million pounds)

Table 6-13 | Other Commodity Chemical Demand in Oilfield Applications, 2008 - 2023 (million dollars & million pounds)

Table 6-14 | Polymer Demand in Oilfield Applications by Type, 2008 - 2023 (million dollars & million pounds)

Table 6-15 | Selected Polymer Suppliers, Products, & Brands

Table 6-16 | Natural & Synthetic Gum Demand in Oilfield Applications by Type, 2008 - 2023 (million dollars & million pounds)

Table 6-17 | Polyacrylamide Demand in Oilfield Applications, 2008 - 2023 (million dollars & million pounds)

Table 6-18 | Cellulose & Starch Polymer Demand in Oilfield Applications, 2008 - 2023 (million dollars & million pounds)

Table 6-19 | Other Polymer Demand in Oilfield Applications, 2008 - 2023 (million dollars & million pounds)

Table 6-20 | Gas Demand in Oilfield Applications by Type, 2008 - 2023 (million dollars)

Table 6-21 | Merchant Carbon Dioxide Demand in Oilfield Applications by Type, 2008 - 2023 (million dollars & million pounds)

Table 6-22 | Nitrogen Demand in Oilfield Applications, 2008 - 2023 (million dollars & million pounds)

7. Industry Structure

Table 7-1 | US Oilfield Chemical Sales by Company, 2018 (million dollars)

Table 7-2 | Selected Mergers & Acquisitions

Table 7-3 | Selected Cooperative Agreements

Table 7-4 | Selected Industry Participants

8. Appendix

Table 8-1 | Abbreviations & Acronyms Used in Study

Table 8-2 | Macroeconomic Indicators, 2008 - 2023 (billion 2012 dollars & billion dollars)

Table 8-3 | Population & Households, 2008 - 2023 (million persons)


List of Figures

1. Executive Summary

Figure 1-1 | US Oilfield Chemical Market

2. Factors Affecting Oilfield Chemical Demand

Figure 2-1 | Crude Oil & Other Petroleum Liquid Production & Consumption, 2008 - 2023 (quadrillion Btu)

Figure 2-2 | Natural Gas Production & Consumption, 2008 - 2023 (quadrillion Btu)

Figure 2-3 | Natural Gas & Crude Oil Prices, 2008 - 2018 (dollars per thousand Btu)

Figure 2-4 | US Petroleum Production, 2008 - 2018 (million barrels)

Figure 2-5 | Crude Oil Drilling Indicators, 2009 - 2018 (percent change)

Figure 2-6 | Crude Oil Prices, 2009 - 2018 (dollars per barrel)

Figure 2-7 | Natural Gas Production, 2008 - 2018 (trillion cubic feet)

Figure 2-8 | Natural Gas Drilling Indicators, 2009 - 2018 (percent change)

Figure 2-9 | Natural Gas Prices, 2008 - 2018 (dollars per thousand cubic feet)

Figure 2-10 | Oilfield Chemical Market: Oilfield Chemical Demand & Oil & Gas Indicators, 2009 - 2018 (percent change)

4. Oilfield Fluids

Figure 4-1 | Oilfield Fluids Market in the US

Figure 4-2 | Oilfield Fluid Demand by Type, 2008 - 2018 (million gallons)

Figure 4-3 | Stimulation Fluid Demand Share by Type, 2008 - 2023 (million gallons)

Figure 4-4 | Slickwater Fracturing Fluid Demand, 2008 - 2023 (million gallons)

Figure 4-5 | Crosslinked & Linear Gel Fracturing Fluid Demand Share by Type, 2008 - 2023 (million gallons)

Figure 4-6 | Drilling Fluid Demand Share by Type, 2008 - 2023 (million gallons)

Figure 4-7 | Drilling Fluid Market Share, 2018 (billion dollars)

Figure 4-8 | Cement Slurry Demand, 2008 - 2023 (million gallons)

Figure 4-9 | Completion & Workover Fluid Demand, 2008 - 2023 (million gallons)

Figure 4-10 | Completion Fluid Market Share, 2018 (million dollars)

5. Oilfield Chemical Applications

Figure 5-1 | Oilfield Chemical Applications in the US

Figure 5-2 | Oilfield Chemical Demand, 2008 - 2018 (million dollars)

Figure 5-3 | Formulated Oilfield Chemical Product Demand by Application, 2008 - 2023 (billion dollars)

Figure 5-4 | Stimulation Fluid Additive Demand by Type, 2008 - 2023 (billion dollars)

Figure 5-5 | Gelling Agent Demand in Stimulation Fluids by Type, 2008 - 2023 (million dollars)

Figure 5-6 | Acid Demand in Stimulation Fluids by Type, 2008 - 2023 (million dollars)

Figure 5-7 | Biocide Demand in Stimulation Fluids, 2008 - 2023 (million dollars)

Figure 5-8 | Friction Reducer Demand in Stimulation Fluids by Type, 2008 - 2023 (million dollars)

Figure 5-9 | Breaker Demand in Stimulation Fluids, 2008 - 2023 (million dollars)

Figure 5-10 | Other Stimulation Fluid Additive Demand by Type, 2008 - 2023 (million dollars)

Figure 5-11 | Drilling Fluid Additive Demand by Type, 2008 - 2023 (million dollars)

Figure 5-12 | Weighting Material Demand in Drilling Fluids by Type, 2008 - 2023 (million dollars)

Figure 5-13 | Shale Inhibitor Demand in Drilling Fluids, 2008 - 2023 (million dollars)

Figure 5-14 | Other Additive Demand in Drilling Fluids by Type, 2008 - 2023 (million dollars)

Figure 5-15 | Oilfield Production Chemical Demand by Type, 2008 - 2023 (million dollars)

Figure 5-16 | Corrosion & Scale Inhibitor Demand in Oilfield Production, 2008 - 2023 (million dollars)

Figure 5-17 | Demulsifier Demand in Oilfield Production, 2008 - 2023 (million dollars)

Figure 5-18 | Asphaltene & Paraffin Inhibitor Demand in Oilfield Production, 2008 - 2023 (million dollars)

Figure 5-19 | Other Production Chemical Demand by Type, 2008 - 2023 (million dollars)

Figure 5-20 | Enhanced Oil Recovery (EOR) Product Demand by Type, 2008 - 2023 (million dollars)

Figure 5-21 | Completion & Workover Fluid Additive Demand by Type, 2008 - 2023 (million dollars)

Figure 5-22 | Cement Additive Demand by Type, 2008 - 2023 (million dollars)

Figure 5-23 | Fluid Loss Control Additive Demand in Oilfield Cement Slurries, 2008 - 2023 (million dollars)

Figure 5-24 | Accelerator & Retarder Demand in Oilfield Cement Slurries, 2008 - 2023 (million dollars)

Figure 5-25 | Extender Demand in Oilfield Cement Slurries, 2008 - 2023 (million dollars)

Figure 5-26 | Other Additives Demand in Oilfield Cement Slurries, 2008 - 2023 (million dollars)

6. Oilfield Chemical Products

Figure 6-1 | US Oilfield Chemical Market by Type

Figure 6-2 | Oilfield Chemical Demand Share by Product Type, 2018 (billion dollars)

Figure 6-3 | Specialty Chemical Demand in Oilfield Applications: Share by Type, 2018 (billion dollars)

Figure 6-4 | Biocide Demand in Oilfield Applications, 2008 - 2023 (million dollars)

Figure 6-5 | Corrosion & Scale Inhibitor Demand in Oilfield Applications, 2008 - 2023 (million dollars)

Figure 6-6 | Demulsifiers & Related Product Demand in Oilfield Applications, 2008 - 2023 (million dollars)

Figure 6-7 | Other Specialty Chemical Demand in Oilfield Applications, 2008 - 2023 (million dollars)

Figure 6-8 | Commodity Chemical Demand Share in Oilfield Applications, 2018 (billion dollars)

Figure 6-9 | Acid Demand in Oilfield Applications, 2008 - 2023 (million dollars)

Figure 6-10 | Barite Demand in Oilfield Applications, 2008 - 2023 (million dollars)

Figure 6-11 | Clay Demand in Oilfield Applications by Type, 2008 - 2023 (million dollars)

Figure 6-12 | Other Commodity Chemical Demand in Oilfield Applications, 2008 - 2023 (million dollars)

Figure 6-13 | Polymer Demand in Oilfield Applications: Share by Type, 2018 (billion dollars)

Figure 6-14 | Natural & Synthetic Gum Market Share in Oilfield Applications by Type, 2008 - 2023 (million dollars)

Figure 6-15 | Guar Gum Demand in Oilfield Applications, 2008 - 2023 (million dollars)

Figure 6-16 | Xanthan Gum Demand in Oilfield Applications, 2008 - 2023 (million dollars)

Figure 6-17 | Other Gums Demand in Oilfield Applications, 2008 - 2023 (million dollars)

Figure 6-18 | Polyacrylamide Demand in Oilfield Applications, 2008 - 2023 (million dollars)

Figure 6-19 | Cellulose & Starch Polymer Demand in Oilfield Applications, 2008 - 2023 (million dollars)

Figure 6-20 | Other Polymer Demand in Oilfield Applications, 2008 - 2023 (million dollars)

Figure 6-21 | Gas Demand in Oilfield Applications by Type, 2008 - 2023 (million dollars)

Figure 6-22 | Merchant Carbon Dioxide Demand in Oilfield Applications, 2008 - 2023 (million dollars)

Figure 6-23 | Nitrogen Demand in Oilfield Applications, 2008 - 2023 (million dollars)

7. Industry Structure

Figure 7-1 | US Oilfield Chemical Formulated Products Market Share, 2018 (billion dollars)

Figure 7-2 | Oilfield Chemicals: Market Leader

Figure 7-3 | Oilfield Chemicals: Second Market Leader

Figure 7-4 | Oilfield Chemicals: Third Market Leader

Figure 7-5 | Oilfield Chemicals: Fourth Market Leader

Figure 7-6 | Oilfield Chemical Supply Chain

8. Appendix

Figure 8-1 | Annual Growth in Real GDP, 2000 - 2018, Compared to 1980 - 2005 Average (percent)


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