Oilfield Surfactants are important type of oil field speciality chemicals that are utilized in oil extraction, transportation and refining processes for augmenting the recovery process of petrochemicals from the wells. The market for oilfield surfactants has been broadly classified into several segments based on product type, substrate and its applications. Owing their chemical properties oilfield surfactants act as emulsifiers, corrosion inhibitors, lubricants, wetting and suspending agents, foam control agents, dispersants and biocides. The report provides detailed account of key oil filed surfactant types such as anionic, non-anionic, cationic, amphoteric, and others depending on their dissociation in water.
The increase in energy demand over the last decade propelled by economic development in developing regions has increased output of oil and gas extraction. This has resulted in growing demand for oil field chemicals used in exploration, extraction and refining process. Booming crude oil production to cater the growing oil demand from emerging economies is the major driver for oil field surfactants. Growing interest in bio-based oil surfactants is set to propel market growth of this niche category. Environmental concerns and decreasing oil prices might restrain oil production refraining market growth. The IndustryARC estimates that the market value for oilfield surfactants will advance from $853m in 2014 to $1.1 billion by 2020 with a CAGR of 5.5%.
Global Oilfield Surfactants Market Revenue, By Years, 2014-2020 ($M)
SOURCE: IndustryARC Analysis, Expert Insights
The anionic surfactants are the dominant type. The amphoteric surfactants are best used for corrosion inhibition and are used in enhanced oil recovery technology such as steam flooding. Each of these types is further divided in to subtypes as well. The oilfield surfactants market is analysed based on type of substrates including synthetic and bio-based oilfield surfactants. Due to the growing environmental awareness the demand for bio-based oil field surfactants is witnessing rapid gains outpacing synthetic substrate types.
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An extensive overview of the oilfield surfactants market from geographic perspective is provided in the report. North America is the dominant region for oilfield surfactants market in 2014 with a share of 34%. Europe held the second highest share in the oilfield surfactants market due to the presence of major oil producing nations such as Russia, Kazakhstan and Azerbaijan. The APAC region is poised to exhibit the fastest growth due to increasing adoption of using oil field surfactants.
The report also includes detailed profiles of several key players associated with the oilfield surfactants market. Stepan, Azkonobel, Huntsman, Lubrizol, Dow Chemicals and BASF are some of the prominent market players. The top 5 major companies account for more than 50% of the market share in 2014. An in-depth analysis of their market expansion strategies along with business overview, product and services offered, financials and developments are provided in the report.
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