The oilfield surfactants market was estimated at around USD 875 million in 2021, growing at a CAGR of nearly 6.1% during 2022-2030. The market is projected to reach approximately USD 1,480 million by 2030.
Surfactants are substances that effectively reduce the surface tension between two fluids in an oil field, or between two fluids and a solid. Oilfield surfactants are utilized in a number of physical and chemical processes, including drilling, production, refining, increased oil recovery, and stimulation. Only a few of the applications include asphalting dispersants, corrosion prevention, emulsifiers, demulsifier intermediates, oil wetters, paraffin inhibitors, water-wetters, foamers, and defoamers. The type of surfactant behaviour is determined by the chemical structure, specifically the structural groups on the molecule. Due to the expanding oil and gas exploration across the world and the rising demand for energy by the residential and commercial sectors, there is an increased demand for international oilfield services. The equipment and services for well completion, well intervention, coiled tubing, pressure pumping, Oil Country Tubular Goods (OCTG), and wireline services are all considered oil field services. As a result, the demand for oilfield services in the global market for oilfield surfactants has increased due to the growth of oilfield services.
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Due to the global lockdown in many nations brought on by the COVID-19 epidemic, there has been a disruption in the global supply chain of many industrial items. Additionally, because of the unpredictability of the capital markets and the global economy, the coronavirus outbreak results in a decline in demand for industrial goods. In the oil and gas sector, surfactants are essential for fluid recovery, enhanced oil recovery, drilling, and other processes. As the world initially went into lockdowns, crude oil prices plunged to extremely low levels. Since 2020, as crude oil production increased, the surfactant sector has been slowly recovering. It is anticipated that this recovery will continue from 2022 through 2030.
Increasing production of oil & gas to accelerate the market’s growth
Global oil and natural gas production has been rising consistently over the past ten years, with oil reaching 92.6 million barrels per day (BPD), with the United States leading the world in oil production. These figures suggest that oilfield surfactants have a very substantial growth potential to fulfil this high demand capacity as oil production, extraction, and exploration activities expand. At different stages of drilling, production, and stimulation in oilfields, surfactants such emulsifiers, demulsifiers, biocides, etc. would be greatly in demand. Bio-based oilfield surfactants would also be in great demand as the globe intends to move toward a more sustainable and environmentally friendly future. Since Enhanced Oil Recovery (EOR) is only possible with the use of these surfactants, their use is growing in favor in the oil sector due to its ability to reduce costs and increase production.
The amount of oil and gas projects expanding throughout Europe will increase consumer demand
European power markets have begun to see unheard-of transformation. Baseload week-ahead prices have increased to €200 per megawatt-hour (MWh) in a number of European countries, which is nearly four times the historical norm. Power prices have reached new highs. The rise in natural gas and carbon prices, which are currently above €100 per MWh and €60 per metric ton, respectively, is largely to blame for this increase. The price of electricity generated by natural-gas power plants, which largely determines prices in European markets, has been impacted by this change. A tight supply-and-demand balance in the European power system and the uncertain output of renewable assets are causing price volatility to soar to new heights at the same time. To balance the supply and demand, new initiatives and government projects are being established. Thus, this will have an impact on the market for oilfield surfactants.
Oilfield Surfactants Market: Segmentation Analysis
The oilfield surfactants market is segmented into the product, source, and application. By product, the non-ionic segment is anticipated to dominant the oilfield surfactants market during the forecast period. The primary element driving the expansion of the non-ionic segment has been the expanding oil exploration by oil and gas firms in developing countries. These surfactants are more affordable than other types of surfactants and are useful in the emulsification of fluids. These elements are anticipated to positively affect the non-ionic category's growth and help it become the fastest-growing section.
Based on source, the market for bio-based segment is estimated to lead the market during the forecast period. Compared to its competitors, bio-based oilfield surfactants are highly biodegradable and have a longer shelf life. The development of the oilfield surfactants market should be aided by low toxicity and high sustainability in relation to petroleum-based replacements coupled with rigorous regulations anticipated for the usage of bio-based products. In order to reduce pollution and educate consumers about the benefits of using bio-based products, biosurfactants are employed.
Based on application, the market for enhanced oil recovery segment is estimated to lead the market during the forecast period. Chemical approaches in enhanced oil recovery frequently involve surfactants. Because of the expanding population and industrialization, there are an increasing number of deep-water drilling projects worldwide. This supports the demand for chemicals used in enhanced oil recovery procedures, which has a direct impact on the demand for surfactants in the EOR application.
Report Scope
Attribute | Description |
---|---|
Base Year | 2021 |
Forecast period | 2022-2030 |
Report Coverage | Revenue estimation and forecast, company profile, competitive landscape, growth factors, and recent trends |
Regional scope | North America, Europe, Asia Pacific, Middle East & Africa, and Latin America |
Market Size(unit) | USD Million |
CAGR (2022 to 2030) | 6.1% |
Segments Covered |
By Product |
Throughout the projection period, North America is projected to stay one of the most alluring markets, accounting for the majority revenue share in the market. One of the main producers of crude oil worldwide is North America. Over the previous six years, the United States has been the world's leading oil producer, producing more than 19% of all crude oil produced worldwide in 2020. (as of 2021). The top five crude oil producers worldwide include Canada. One of the key factors in this market's supremacy has been the region's significant oil and gas presence.
The global Oilfield Surfactants Market is segmented as follows:
By Product
By Source
By Application
By Region/Geography
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis By Product
4.3.2. Market Attractiveness Analysis By Source
4.3.3. Market Attractiveness Analysis By Application
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. Increasing production of oil & gas to accelerate the market’s growth
5.2.2. The amount of oil and gas projects expanding throughout Europe will increase consumer demand
5.3. Restrains
5.3.1. Costly biosurfactant production could impede industry expansion
5.4. Opportunities
5.4.1. Rising investments
6. Global Oilfield Surfactants Market Analysis and Forecast, By Product
6.1. Segment Overview
6.2. Anionic
6.3. Non-Ionic
6.4. Cationic
6.5. Amphoteric
6.6. Silicone
7. Global Oilfield Surfactants Market Analysis and Forecast, By Source
7.1. Segment Overview
7.2. Synthetic
7.3. Bio-Based
8. Global Oilfield Surfactants Market Analysis and Forecast, By Application
8.1. Segment Overview
8.2. Stimulation Flowback/ Fluid Recovery
8.3. Enhanced Oil Recovery
8.4. Foamers
8.5. Drilling Surfactants
8.6. Rig Wash Solutions/Cleaners
8.7. Wetting Agents
8.8. Surface Active Materials
8.9. Emulsion Breakers
8.10. Non-Emulsifiers
8.11. Spacers
9. Global Oilfield Surfactants Market Analysis and Forecast, By Regional Analysis
9.1. Segment Overview
9.2. North America
9.2.1. U.S.
9.2.2. Canada
9.2.3. Mexico
9.3. Europe
9.3.1. Germany
9.3.2. France
9.3.3. U.K.
9.3.4. Italy
9.3.5. Spain
9.3.6. Rest of Europe
9.4. Asia-Pacific
9.4.1. Japan
9.4.2. China
9.4.3. India
9.4.4. Australia
9.4.5. South Korea
9.4.6. Rest of Asia-Pacific
9.5. South America
9.5.1. Brazil
9.5.2. Argentina
9.5.3. Rest of South America
9.6. Middle East and Africa
9.6.1. UAE
9.6.2. South Africa
9.6.3. Egypt
9.6.4. Kuwait
9.6.5. Saudi Arabia
9.6.6. Rest of Middle East & Africa
10. Global Oilfield Surfactants Market-Competitive Landscape
10.1. Overview
10.2. Market Share of Key Players in the Oilfield Surfactants market
10.2.1. Global Company Market Share
10.2.2. North America Company Market Share
10.2.3. Europe Company Market Share
10.2.4. APAC Company Market Share
10.3. Competitive Situations and Trends
10.3.1. Product Launches and Developments
10.3.2. Partnerships, Collaborations, and Agreements
10.3.3. Mergers & Acquisitions
10.3.4. Expansions
11. Company Profiles
11.1. CP Kelco Oil Field Group
11.1.1. Business Overview
11.1.2. Company Snapshot
11.1.3. Company Market Share Analysis
11.1.4. Company Source Portfolio
11.1.5. Recent Developments
11.1.6. SWOT Analysis
11.2. Huntsman Corporation
11.2.1. Business Overview
11.2.2. Company Snapshot
11.2.3. Company Market Share Analysis
11.2.4. Company Source Portfolio
11.2.5. Recent Developments
11.2.6. SWOT Analysis
11.3. Croda International PLC
11.3.1. Business Overview
11.3.2. Company Snapshot
11.3.3. Company Market Share Analysis
11.3.4. Company Source Portfolio
11.3.5. Recent Developments
11.3.6. SWOT Analysis
11.4. Weatherford International
11.4.1. Business Overview
11.4.2. Company Snapshot
11.4.3. Company Market Share Analysis
11.4.4. Company Source Portfolio
11.4.5. Recent Developments
11.4.6. SWOT Analysis
11.5. Stepan Company
11.5.1. Business Overview
11.5.2. Company Snapshot
11.5.3. Company Market Share Analysis
11.5.4. Company Source Portfolio
11.5.5. Recent Developments
11.5.6. SWOT Analysis
11.6. Evonik Industries AG
11.6.1. Business Overview
11.6.2. Company Snapshot
11.6.3. Company Market Share Analysis
11.6.4. Company Source Portfolio
11.6.5. Recent Developments
11.6.6. SWOT Analysis
11.7. Flotek Industries
11.7.1. Business Overview
11.7.2. Company Snapshot
11.7.3. Company Market Share Analysis
11.7.4. Company Source Portfolio
11.7.5. Recent Developments
11.7.6. SWOT Analysis
11.8. DowDupont
11.8.1. Business Overview
11.8.2. Company Snapshot
11.8.3. Company Market Share Analysis
11.8.4. Company Source Portfolio
11.8.5. Recent Developments
11.8.6. SWOT Analysis
11.9. Schlumberger
11.9.1. Business Overview
11.9.2. Company Snapshot
11.9.3. Company Market Share Analysis
11.9.4. Company Source Portfolio
11.9.5. Recent Developments
11.9.6. SWOT Analysis
11.10. Halliburton
11.10.1. Business Overview
11.10.2. Company Snapshot
11.10.3. Company Market Share Analysis
11.10.4. Company Source Portfolio
11.10.5. Recent Developments
11.10.6. SWOT Analysis
List of Table
1. Global Oilfield Surfactants Market, By Product, 2022-2030(USD Million)
2. Global Anionic Oilfield Surfactants Market, By Region, 2022-2030(USD Million)
3. Global Non-Ionic Oilfield Surfactants Market, By Region, 2022-2030(USD Million)
4. Global Cationic Oilfield Surfactants Market, By Region, 2022-2030(USD Million)
5. Global Amphoteric Oilfield Surfactants Market, By Region, 2022-2030(USD Million)
6. Global Silicone Oilfield Surfactants Market, By Region, 2022-2030(USD Million)
7. Global Oilfield Surfactants Market, By Source, 2022-2030(USD Million)
8. Global Synthetic Oilfield Surfactants Market, By Region, 2022-2030(USD Million)
9. Global Bio-Based Oilfield Surfactants Market, By Region, 2022-2030(USD Million)
10. Global Oilfield Surfactants Market, By Application, 2022-2030(USD Million)
11. Global Stimulation Flowback/ Fluid Recovery Oilfield Surfactants Market, By Region, 2022-2030(USD Million)
12. Global Enhanced Oil Recovery Oilfield Surfactants Market, By Region, 2022-2030(USD Million)
13. Global Foamers Oilfield Surfactants Market, By Region, 2022-2030(USD Million)
14. Global Drilling Surfactants Oilfield Surfactants Market, By Region, 2022-2030(USD Million)
15. Global Rig Wash Solutions/Cleaners Oilfield Surfactants Market, By Region, 2022-2030(USD Million)
16. Global Wetting Agents Oilfield Surfactants Market, By Region, 2022-2030(USD Million)
17. Global Surface Active Materials Oilfield Surfactants Market, By Region, 2022-2030(USD Million)
18. Global Emulsion Breakers Oilfield Surfactants Market, By Region, 2022-2030(USD Million)
19. Global Non-Emulsifiers Oilfield Surfactants Market, By Region, 2022-2030(USD Million)
20. Global Spacers Oilfield Surfactants Market, By Region, 2022-2030(USD Million)
21. Global Oilfield Surfactants Market, By Region, 2022-2030(USD Million)
22. Global Oilfield Surfactants Market, By North America, 2022-2030(USD Million)
23. North America Oilfield Surfactants Market, By Product, 2022-2030(USD Million)
24. North America Oilfield Surfactants Market, By Source, 2022-2030(USD Million)
25. North America Oilfield Surfactants Market, By Application, 2022-2030(USD Million)
26. U.S. Oilfield Surfactants Market, By Product, 2022-2030(USD Million)
27. U.S. Oilfield Surfactants Market, By Source, 2022-2030(USD Million)
28. U.S. Oilfield Surfactants Market, By Application, 2022-2030(USD Million)
29. Canada Oilfield Surfactants Market, By Product, 2022-2030(USD Million)
30. Canada Oilfield Surfactants Market, By Source, 2022-2030(USD Million)
31. Canada Oilfield Surfactants Market, By Application, 2022-2030(USD Million)
32. Mexico Oilfield Surfactants Market, By Product, 2022-2030(USD Million)
33. Mexico Oilfield Surfactants Market, By Source, 2022-2030(USD Million)
34. Mexico Oilfield Surfactants Market, By Application, 2022-2030(USD Million)
35. Europe Oilfield Surfactants Market, By Product, 2022-2030(USD Million)
36. Europe Oilfield Surfactants Market, By Source, 2022-2030(USD Million)
37. Europe Oilfield Surfactants Market, By Application, 2022-2030(USD Million)
38. Germany Oilfield Surfactants Market, By Product, 2022-2030(USD Million)
39. Germany Oilfield Surfactants Market, By Source, 2022-2030(USD Million)
40. Germany Oilfield Surfactants Market, By Application, 2022-2030(USD Million)
41. France Oilfield Surfactants Market, By Product, 2022-2030(USD Million)
42. France Oilfield Surfactants Market, By Source, 2022-2030(USD Million)
43. France Oilfield Surfactants Market, By Application, 2022-2030(USD Million)
44. U.K. Oilfield Surfactants Market, By Product, 2022-2030(USD Million)
45. U.K. Oilfield Surfactants Market, By Source, 2022-2030(USD Million)
46. U.K. Oilfield Surfactants Market, By Application, 2022-2030(USD Million)
47. Italy Oilfield Surfactants Market, By Product, 2022-2030(USD Million)
48. Italy Oilfield Surfactants Market, By Source, 2022-2030(USD Million)
49. Italy Oilfield Surfactants Market, By Application, 2022-2030(USD Million)
50. Spain Oilfield Surfactants Market, By Product, 2022-2030(USD Million)
51. Spain Oilfield Surfactants Market, By Source, 2022-2030(USD Million)
52. Spain Oilfield Surfactants Market, By Application, 2022-2030(USD Million)
53. Rest of Europe Oilfield Surfactants Market, By Product, 2022-2030(USD Million)
54. Rest of Europe Oilfield Surfactants Market, By Source, 2022-2030(USD Million)
55. Rest of Europe Oilfield Surfactants Market, By Application, 2022-2030(USD Million)
56. Asia Pacific Oilfield Surfactants Market, By Product, 2022-2030(USD Million)
57. Asia Pacific Oilfield Surfactants Market, By Source, 2022-2030(USD Million)
58. Asia Pacific Oilfield Surfactants Market, By Application, 2022-2030(USD Million)
59. Japan Oilfield Surfactants Market, By Product, 2022-2030(USD Million)
60. Japan Oilfield Surfactants Market, By Source, 2022-2030(USD Million)
61. Japan Oilfield Surfactants Market, By Application, 2022-2030(USD Million)
62. China Oilfield Surfactants Market, By Product, 2022-2030(USD Million)
63. China Oilfield Surfactants Market, By Source, 2022-2030(USD Million)
64. China Oilfield Surfactants Market, By Application, 2022-2030(USD Million)
65. India Oilfield Surfactants Market, By Product, 2022-2030(USD Million)
66. India Oilfield Surfactants Market, By Source, 2022-2030(USD Million)
67. India Oilfield Surfactants Market, By Application, 2022-2030(USD Million)
68. Australia Oilfield Surfactants Market, By Product, 2022-2030(USD Million)
69. Australia Oilfield Surfactants Market, By Source, 2022-2030(USD Million)
70. Australia Oilfield Surfactants Market, By Application, 2022-2030(USD Million)
71. South Korea Oilfield Surfactants Market, By Product, 2022-2030(USD Million)
72. South Korea Oilfield Surfactants Market, By Source, 2022-2030(USD Million)
73. South Korea Oilfield Surfactants Market, By Application, 2022-2030(USD Million)
74. Rest of Asia-Pacific Oilfield Surfactants Market, By Product, 2022-2030(USD Million)
75. Rest of Asia-Pacific Oilfield Surfactants Market, By Source, 2022-2030(USD Million)
76. Rest of Asia-Pacific Oilfield Surfactants Market, By Application, 2022-2030(USD Million)
77. South America Oilfield Surfactants Market, By Product, 2022-2030(USD Million)
78. South America Oilfield Surfactants Market, By Source, 2022-2030(USD Million)
79. South America Oilfield Surfactants Market, By Application, 2022-2030(USD Million)
80. Brazil Oilfield Surfactants Market, By Product, 2022-2030(USD Million)
81. Brazil Oilfield Surfactants Market, By Source, 2022-2030(USD Million)
82. Brazil Oilfield Surfactants Market, By Application, 2022-2030(USD Million)
83. Argentina Oilfield Surfactants Market, By Product, 2022-2030(USD Million)
84. Argentina Oilfield Surfactants Market, By Source, 2022-2030(USD Million)
85. Argentina Oilfield Surfactants Market, By Application, 2022-2030(USD Million)
86. Rest of Latin America Oilfield Surfactants Market, By Product, 2022-2030(USD Million)
87. Rest of Latin America Oilfield Surfactants Market, By Source, 2022-2030(USD Million)
88. Rest of Latin America Oilfield Surfactants Market, By Application, 2022-2030(USD Million)
89. Middle East and Africa Oilfield Surfactants Market, By Product, 2022-2030(USD Million)
90. Middle East and Africa Oilfield Surfactants Market, By Source, 2022-2030(USD Million)
91. Middle East and Africa Oilfield Surfactants Market, By Application, 2022-2030(USD Million)
92. UAE Oilfield Surfactants Market, By Product, 2022-2030(USD Million)
93. UAE Oilfield Surfactants Market, By Source, 2022-2030(USD Million)
94. UAE Oilfield Surfactants Market, By Application, 2022-2030(USD Million)
95. South Africa Oilfield Surfactants Market, By Product, 2022-2030(USD Million)
96. South Africa Oilfield Surfactants Market, By Source, 2022-2030(USD Million)
97. South Africa Oilfield Surfactants Market, By Application, 2022-2030(USD Million)
98. Egypt Oilfield Surfactants Market, By Product, 2022-2030(USD Million)
99. Egypt Oilfield Surfactants Market, By Source, 2022-2030(USD Million)
100. Egypt Oilfield Surfactants Market, By Application, 2022-2030(USD Million)
101. Kuwait Oilfield Surfactants Market, By Product, 2022-2030(USD Million)
102. Kuwait Oilfield Surfactants Market, By Source, 2022-2030(USD Million)
103. Kuwait Oilfield Surfactants Market, By Application, 2022-2030(USD Million)
104. Saudi Arabia Oilfield Surfactants Market, By Product, 2022-2030(USD Million)
105. Saudi Arabia Oilfield Surfactants Market, By Source, 2022-2030(USD Million)
106. Saudi Arabia Oilfield Surfactants Market, By Application, 2022-2030(USD Million)
107. Rest of Middle East Oilfield Surfactants Market, By Product, 2022-2030(USD Million)
108. Rest of Middle East Oilfield Surfactants Market, By Source, 2022-2030(USD Million)
109. Rest of Middle East Oilfield Surfactants Market, By Application, 2022-2030(USD Million)
List of Figures
1. Global Oilfield Surfactants Market Segmentation
2. Oilfield Surfactants Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Oilfield Surfactants Market Attractiveness Analysis By Product
9. Global Oilfield Surfactants Market Attractiveness Analysis By Source
10. Global Oilfield Surfactants Market Attractiveness Analysis By Application
11. Global Oilfield Surfactants Market Attractiveness Analysis By Region
12. Global Oilfield Surfactants Market: Dynamics
13. Global Oilfield Surfactants Market Share By Product(2022 & 2030)
14. Global Oilfield Surfactants Market Share By Source(2022 & 2030)
15. Global Oilfield Surfactants Market Share By Application(2022 & 2030)
16. Global Oilfield Surfactants Market Share by Regions (2022 & 2030)
17. Global Oilfield Surfactants Market Share by Company (2021)
By Product
By Source
By Application
By Region/Geography
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