The Oilfield Biocides Market & Bio Solvents Market are estimated to hit $486.37 million and $198.45 million by 2023
Oilfield Biocides Market & Bio solvents Market
The global oilfield biocides & bio solvents market revenue was $345.8 million and $126.2 million in 2017,and are estimated to grow at a CAGR of 5.0%
HYDERABAD, TELANGANA, INDIA, June 12, 2018 /EINPresswire.com/ -- According to the new market research report by IndustryARC1 titled, “Oilfield Biocides and Bio Solvents Market: By Biocide (Glutaraldehyde, DBNPA, THPS, Chlorine, Quaternary Ammonium, Others); By Bio Solvent (Hydrocarbon, Alcohols, Glycols, Others); By Application (Drilling, Production, Fracturing, Completion, Others); By Geography – Forecast (2018-2023)”, the market growth is attributed to favorable regulations and government initiatives to encourage eco-friendly and bio-products.All the products that are used in oilfields are not specifically produced for the oilfield application, these can also be used in other applications such as paints, coatings, water treatment and more.
North America continues to lead the market share and growth during 2018-2023.
North America is dominating the both global Oilfield Biocides & Bio Solvents markets and were estimated to register $160.9 million and $71.1 million, respectively in 2017 and expected to reach $231.204 million and $129.66 million, respectively by 2023. North America is the major consumer and producer of oilfield biocides and bio-solvents across the world. It is due to high production of shale oil and gas activities in North America.
Selected / Sample Analysis done in the full Report:
Biocides:
The biocides are prepared using different blends and proportions of chemicals. The chemicals which are used here are the raw materials for the biocides. Chlorine Dioxide, Bromine, Peracetic acid, Glutaraldehyde (glut), Quaternary ammonium and so on, are used as the raw materials for preparing biocides. These chemicals with different proportions and blends result in biocides which are used in oilfields to kill the unwanted microorganisms at different instances based on the drilling area and climatic conditions. The end product biocide is supplied to the end users in oilfield such as ExxonMobil, PetroChina and so on, directly or by the biocide distributors such as Viachem, Shiv Shakti Trading Corporation and so on.
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Excerpts on Market Growth Factors Mentioned in the Full Report:
1. The growing shale gas initiatives and investments in China led to the demand for biocides, and also expect to grow in the near future which is the main driving factor for the market.
2. Indispensable use of biocides for reducing microbial content in oilfields is acting like a key factor to drive the market growth.
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Key Players of the Oilfield Biocides & Bio Solvents Market:
Dow Chemicals and BASF are the two key market players that are dominating the oilfield biocides industry. Dow Chemical deals extensively in non-oxidizing biocides market which includes glutaraldehyde, THPS, DBNPA, and others. Dow supplies a wide range of chemicals, and hence, is usually priced more than the average market price. As the U.S. is the major consumer for oilfield biocides, due to its revolutionary fracking operations, and with Dow Company’s major business presence n the U.S., the company stood as the global oilfield biocides market leader. The product line of BASF is mostly into biocides, whereas the company is a specialist in supplying end user specific formulated products. Ecolab, one of the global leaders in specialty chemicals business, is now part of oilfield chemicals market with the recent acquisition of Nalco chemicals business, and all the biocide products are supplied under Nalco Champion Company.
Oilfield Biocides & Bio Solvents Market Report is Segmented as below.
Oilfield Biocides & Bio Solvents Market By Types:
1. Oilfield Biocides
1.1. Oxidizing biocides
1.1.1. Chlorine
1.1.2. Peracetic Acid
1.1.3. Others
1.2. Non-oxidizing Biocides
1.2.1. Glutaraldehyde
1.2.2. Quaternary Ammonium
1.2.3. Tetrakis Hydroxymethyl Phosphonium Sulfate (THPS)
1.2.4. 2,2-dibromo-3-nitrilopropionamide (DBNPA)
1.2.5. Others
2. Bio Solvents
2.1. Hydrocarbons
2.2. Alcohols
2.3. Glycols
2.4. Esters
2.5. Ethers
2.6. Others
Oilfield Biocides & Bio Solvents Market By Application:
1. Drilling
2. Production
3. Hydraulic Fraucting
4. Completion
5. Packer Fluids
6. Others
Oilfield Biocides & Bio Solvents Market By Geography ( Covers 15+ Countries )
Oilfield Biocides & Bio Solvents Market Entropy
Companies Citied / Interviewed
1. QUAT-CHEM LTD.
2. THERMAX LIMITED
3. CHEMTEX SPECIALTY LIMITED
4. AVISTA TECHNOLOGIES
5. ASHLAND INC.
6. STEPAN COMPANY
7. NALCO HOLDING COMPANY
8. SOLVAY SA
9. AKZONOBEL N.V
10. EVONIK INDUSTRIES AG
11. LONZA GROUP LTD.
12. PILOT CHEMICAL COMPANY
13. KEMIRA OYJ
14. CHEMIPHASE LTD
15. GEMTEK PRODUCTS, LLC
16. Company 16+
Related Report:
A. Oilfield Surfactants Market
https://industryarc.com/Report/243/oil-field-surfactants-market-analysis.html
B. Oilfield Drilling Fluid Additives Market
https://industryarc.com/Report/6356/Oilfield-Drilling-Fluid-Additives-Market-Research-Report.html
What can you expect from the report?
The Oilfield Biocides & Bio Solvents Market Report is Prepared with the Main Agenda to Cover the following 20 points:
1. Market Size by Product Categories
2. Market trends
3. Manufacturer Landscape
4. Distributor Landscape
5. Pricing Analysis
6. Top 10 End user Analysis
7. Product Benchmarking
8. Product Developments
9. Mergers & Acquisition Analysis
10. Patent Analysis
11. Demand Analysis ( By Revenue & Volume )
12. Country level Analysis (10+)
13. Competitor Analysis
14. Market Shares Analysis
15. Value Chain Analysis
16. Supply Chain Analysis
17. Strategic Analysis
18. Current & Future Market Landscape Analysis
19. Opportunity Analysis
20. Revenue and Volume Analysis
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