US oilfield chemical demand will rise 4.3 percent annually through 2011. Gains will be driven by a rise in rig counts, more use of well stimulation and enhanced oil recovery (EOR) methods and more deepwater drilling and production. Best prospects include EOR chemicals, drilling fluids and well stimulation chemicals.
This study analyzes the $6 billion US oilfield chemical industry. It presents historical demand data (1996, 2001, 2006) with forecasts for 2011 and 2016 for formulated oilfield chemical products (e.g., drilling fluids, stimulation chemicals, demulsifiers, corrosion and scale inhibitors, lubricants, biocides, defoamers, cementing chemicals, EOR products, completion and workover fluids); and their raw materials (e.g., commodity chemicals, specialty chemicals, gases, polymers).
The study also considers market environment factors, details industry structure, evaluates company market share and profiles 35 major players including M-I SWACO, Baker Hughes, Halliburton, Newpark Resources, BJ Services, Champion Technologies, and Dow Chemical.