The Oilfield Chemicals Market 2011-2021
28 Nov 2011 • by Natalie Aster
The stimulating chemicals market is calculated to be worth $3.14bn in 2011. This value will grow to $3.93bn in 2016 and it is expected to reach $4.98bn in 2021. The CAGR for the stimulating chemicals market from 2011-2021 is expected to be 4.7%. The CAGRs for 2011-2016 and 2016-2021 are expected to be 4.6% and 4.8% respectively. This moderate growth will be driven by the necessity to increase productivity of the existing oilfields, since the major part of easily extractable oil has already been widely exploited, Visiongain predicts.
Stimulating Oilfield Chemicals Market Forecast 2011-2021 ($bn, AGN%)
Source: Visiongain 2011
The Oilfield Chemicals Market 2011-2021
Published: October 2011
Price: US$ 2,664.00
Report Sample Abstract
Deleum Berhad is an investment holding company which offers a diverse range of specialised products and services for the oil and gas industry. With more than 25 years of experience, Deleum Berhad has become a major provider of specialized products and services to the oil and gas industry in Malaysia. The company is engaged in the following areas of business: Gas turbine technical services, Subsea production and development, Exploration and production equipment and services, Supply and commissioning of Gas turbine packages, specialised products and services and Oilfield chemicals and services. In terms of oilfield chemicals, the group currently supplies speciality production and water treatment chemicals and chemical solutions for solid deposit removal from oil well production and crude oil transport systems.
Visiongain interviewed, Anwarudin Saidu Mohamed, a representative of Deleum Berhad, and would like to thank him for his insightful comments.
Key Trends and Developments in the Oilfield Chemicals Market
Visiongain: What are the key trends and developments in the oilfield chemicals market?
Anwarudin Saidu Mohamed: The applications of chemicals vary depending on the techniques. For instance, during secondary recovery, the treated water is injected in the reservoir where the quality is regulated with water treatment chemicals. In IOR (Improved Oil Recovery), chemicals are injected into the reservoir through the well about 2-3 feet behind the casing to remediate near wellbore damage. In CEOR (Chemical Enhanced Oil Recovery), generally Alkaline Surfactant Polymer (ASP) is injected into the reservoir to obtain better sweep efficiency. Production chemical technologies are widely used in the aspect of crude oil conditioning and separation technologies in surface facilities. Apart from these, oilfield application also finds its stake in drilling application (drilling mud), wellbore clean-up and completion.
Leading Companies in the Oilfield Chemicals Market: Akzo Nobel N.V. (AkzoNobel)
Headquarters: Amsterdam, Netherlands
AkzoNobel is a global paints and coatings company and a producer of specialty chemicals. AkzoNobel has activities in more than 80 countries, and employs approximately 55,500 people. Its revenues in 2010 amounted to €14.6bn ($19.67bn). The company operates in three segments: Decorative Paints, Performance Coatings, and Specialty Chemicals. The chemicals group consists of six business units:
- Industrial Chemicals (IC);
- Functional Chemicals (FC), including former Polymer Chemicals (PC);
- Surface Chemistry (SC);
- Pulp and Paper Chemicals;
- Specialty Polymers;
- Regional and Industrial activities.
Headquarters: Baton Rouge, Louisiana, US
Albemarle is a developer, manufacturer and marketer of highly engineered specialty chemicals. Albemarle has over 4,100 employees in 100 locations around the world. The operations of Albemarle are managed and reported as three business segments: Polymer Solutions, Catalysts and Fine Chemistry. Albemarle‘s net sales in 2010 were worth $2.36bn.
In January 2010 Albemarle Corporation announced the start-up of a new unit to produce SpectraSyn polyalphaolefins (PAO), a high viscosity basestock for lubricants, for ExxonMobil Chemical.
More information can be found in the report “The Oilfield Chemicals Market 2011-2021” by Visiongain.
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