Oilfield Surfactants Market Expected to Reach USD 1035 Million by 2021

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Oilfield Surfactants Market to reach by $1035 Million by 2021, owing to the enhanced oil recovery technologies which has facilitated increased use of surfactants.

According to the market research report “Oilfield Surfactants Market: By Types (Anionic, Non-ionic, Cationic, Amphoteric and Others); By Substrate (Synthetic and Bio-based); By Applications (Emulsifiers/Demulsifier, Lubricants, Dispersants, Corrosion inhibitors, Foaming Agent, Wetting and suspending agents, Biocides and Acrylic) & Geography -Forecast (2017-2021)”, published by IndustryARC, the market to reach $1,035 Million by 2021.

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Oilfield surfactants are the part of specialty oilfield chemicals that are used in drilling, production and stimulation. Surfactants in oilfields act as detergents, corrosion inhibitors, emulsifiers and so on. Oilfield surfactants are in wide ranges that can be classified as anionic, non-ionic, cationic, amphoteric and others. The advent of enhanced oil recovery technologies has facilitated increased use of oilfield surfactants. Oilfield surfactants that meet the environmental regulations and performance norms witness high demand. The most popular oilfield surfactant is anionic due to its properties and is of low cost compared to other surfactants. However, the types of surfactant to be used is end user specific based on the end location to be used. The anionic surfactants are the dominant type accounting for $297 million in 2016. The amphoteric surfactants market held huge potential to grow to $96.76m by 2021 owing to the ability to withstand high temperature and pressure. The amphoteric surfactants are best used for corrosion inhibition and are used in enhanced oil recovery technology such as steam flooding.

Booming crude oil production is one major driving factor for oilfield surfactants.The demand for oil among consumers in the developed region is yet to reach pre- recession levels. Multiple factors such as fuel efficient cars with better mileage and consumer restraint on spending on gas are the major factors. However, there is strong demand from emerging economies such as China, India, Brazil, Indonesia and others for the oilfield surfactants market. This is primarily due to increasing income levels and disposable incomes.There is an increase in automotive ownerships in these countries increasing per capita number of cars. This strong demand is the key factor for keeping the oil production at high volumes albeit economies are slowing. This is set to drive oil production along with usage of various oilfield surfactants.

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North America is the leading oilfield surfactants market with generated revenue of $235 million revenue in 2016. Emulsifiers held the largest market share in 2014 accounting for revenue of $273m in 2016.

The Major Players in Oilfield Surfactants Market includes:

  • Stepan Company

  • Akzo Nobel N.V.

  • The Lubrizol Corporation

  • Solvay SA

  • BASF SE

  • Dow Chemical Company

The Oilfield Surfactants Report provides detailed analysis of the different product type and applications. The Oilfield Surfactants market is also presented from the perspective of key region for above mention applications. Competitive landscape for oilfield surfactants is highlighted and major market players are profiled.

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