Oilfield Biocides Market Research Report: Forecast to 2023
Oilfield
Biocides
Market
by
Type,
End-user,
Business
Opportunities, Top Companies Overview and Challenges by 2023
Page |1
Copyright © 2017 Market Research Future.
Oilfield Biocides Market Research Report: Forecast to 2023
Market Overview: oilfield biocides market is estimated to be valued at USD 5,85,143.0 thousand by 2023 and is expected to register a CAGR of 7.33% during the forecast period. The growth of the global oilfield biocides market is mainly driven by the growth of the oil and gas industry due to increasing energy demand mainly in India and China on account of rapid industrialization. The increasing investment in exploration and production of unconventional resources due to rising concern regarding depleting conventional resources is likely to increase the adoption of hydraulic fracturing technology in the oil and gas industry. Market Segmentation: The global oilfield biocides market has been segmented on the basis of type, application, and region. Based on type, the global market has been divided into glutaraldehyde, THPS [tetrakis (hydroxymethyl) phosphonium sulfate], TTPC [tributyl tetradecyl phosphonium chloride], DBNPA, QAC (quaternary ammonium compounds), bronopol, and others. The glutaraldehyde segment held the majority market share in 2017 and is expected to register 7.21% CAGR to reach USD 1,46,648.4 thousand by the end of 2023. However, the DBNPA is projected to be the fastest-growing segment and is expected to reach USD 1,36,936.3 thousand by 2023. DBPNA is a non-oxidizing type of biocide that acts rapidly against the microorganisms and kills the microorganisms at a rapid rate in low ppm concentrates. It can be used with both acidic and alkaline solutions and is used Competitive Landscape: •
DowDuPont
•
BASF SE
•
Kemira Oyj
•
Lonza
•
Solvay
•
Schülke & Mayr GmbH
•
BWA Water Additives
•
Pilot Chemical Corp
•
Evonik Industries AG
•
Stepan Company
•
Nouryon
Key Findings of the Study:
Page |2
Copyright © 2017 Market Research Future.
Oilfield Biocides Market Research Report: Forecast to 2023
•
The global oilfield biocides market is projected to reach over USD 5,85,143.0 thousand by 2023 at a 7.33% CAGR during the review period of 2018 to 2023.
•
North America accounted for the largest market share and the US being the major contributor to the growth of the market.
•
The glutaraldehyde segment is projected to register 7.21% CAGR during the forecast period.
•
The key manufacturers operating in the global oilfield biocides market are emphasizing on launching new products, making strategic initiatives such as expansion and collaborations with other industrial players to achieve competitive advantage and higher market value.
Regional Analysis: Geographically, the global oilfield biocides market has been segmented into North America, Europe, AsiaPacific, Latin America, and the Middle East & Africa. As per MRFR analysis, North America held the largest market share of 45.9% in 2017 and is expected to register 7.19% CAGR to reach USD 2,66,244.6 thousand by the end of 2023. Asia-pacific accounted for the second-largest market share of 23.1% in 2017 and is expected to register 7.82% CAGR during the review period. The increasing oil & gas production and extraction activities in the developing countries of Asia-Pacific mainly in South-East Asian countries is likely to drive the regional market growth. China accounted for the largest market share of 42.5% in 2017 and is projected to register a CAGR of 8.79% during the forecast period. The market in the Middle East & Africa is likely to register a CAGR of around 8.22% on account of the growing oil and gas industry in the region.
Page |3
Copyright © 2017 Market Research Future.
Oilfield Biocides Market Research Report: Forecast to 2023
Page |4
Copyright © 2017 Market Research Future.
Oilfield Biocides Market Research Report: Forecast to 2023
Page |5
Copyright © 2017 Market Research Future.