Oilfield Drilling Additives Market: Global Industry Analysis and Forecast 2015 2021

Persistence Market Research

Oilfield Drilling Additives Market: Global

Industry Analysis and Forecast 2015 - 2021

Persistence Market Research

Oilfield Drilling Additives Market: Global Industry Analysis and Forecast 2015 2021
Persistence Market Research Released New Market Report on Oilfield Drilling Additives
Market: Global Industry Analysis and Forecast 2015 - 2021.
Oilfield chemicals play a significant role in the oil and gas industry. Most common oilfield
chemicals used by the industry are organic chemicals and solvents, surfactants, transition metal
compounds, inorganic salts, water-soluble and oil-soluble polymers. These chemicals control
the bacterial growth, foam & wax formation and corrosive action in oils and gases. Drilling
additives is one of the major applications in the oilfield chemicals market.
Chemical formulations used for multiple functions in oil processing are termed as oilfield drilling
additives. The additive technologies excel with emulsification and thinning or dispersion of oilbased muds. They help to create proper fluid weighting to balance pressure formation and
optimize fluid flow. Other functions include maintaining strong boundary lubrication films in
silicate-based mud systems specialized for shale drilling, which is done by lubricating agents.
Other functions include wettability, dispersant, detergency and clay stabilization. Selection
criteria of drilling additives require careful consideration of several aspects, such as pressures
and temperatures, rock composition, well design, protection of the producing zone, reservoir
chemistry, and environmental regulations. The focus is on performance, temperature stability
and tolerance of products from contamination for drilling fluid systems.
While there are many types of components and additives currently being used in the industry,
usually the classification of fluids is based on the formulation of coatings as water based, oil
based and synthetic based. Each type varies greatly and the composition is different with
different technical specifications. The major chemicals used in the industry are sulfurized or
chlorinated compounds, polyglycols, acrylics, esters polyamides, glutaraldehyde, alcohols and
many more.
In a recent merger by The Lubrizol Corporation, a Berkshire Hathaway company, signed an
agreement with Weatherford, stating that the companys drilling fluids and additives business
will now be a part of the Lubrizol Corporation. The Lubrizol Corporation has introduced a new
mobile application called the Oilfield Drilling Fluids Product Guide, which is designed to help
formulators of Oilfield Drilling Fluids to identify advanced Lubrizol chemistries that help achieve
a wide range of performance needs. Arabian Drilling Corporation launched three new products
AD41, AD42 and AD43; which have special drilling control systems equipped with Amphion
Integration, a technology that provides compact and comfortable rigs.

Persistence Market Research

Oilfield Drilling Additives Market: Global Industry Analysis and Forecast 2015 2021
Increasing demand from energy sector is creating thrust to drilling deeper for more oil
extraction, the protection of oil from various harmful organisms in the biocides industry are some
of the key factors driving the growth of the oilfield drilling additives market.
Total cost to target with environmentally acceptable fluid systems, European environmental
concerns, strict environmental regulations are probable factors restraining the growth of the
oilfield drilling additives market.
The global oilfield drilling additives market is broadly classified on the basis of formulation of
coatings, type and geographies.
Based on formulation of coatings, the global oilfield drilling additives market is segmented
into:

Water based

Oil based

Synthetic based

Based on type, the global oilfield drilling additives market is segmented into:

Dispersants

Fluid Viscosifiers

Corrosion Inhibitors

Biocides

Surface Modifiers

Defoamers

The most significant change in the petrochemical industry over the past five years has been the
rapid exploitation of shale gas and oil reserves in North America. Global oilfield chemicals
market is expected to grow owing to new wells discovery in countries like China, Poland. The
global oilfield drilling additives market is expected to expand at a promising CAGR during the
forecast period (2015-2025).
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The global oilfield drilling additives Market is expected to register a double-digit CAGR for the
forecast period. Depending on geographic regions, global oilfield drilling additives market is

Persistence Market Research

Oilfield Drilling Additives Market: Global Industry Analysis and Forecast 2015 2021
segmented into seven key regions: North America, South America, Eastern Europe, Western
Europe, Asia-Pacific, Japan, and the Middle East & Africa. As of 2015, North America dominated
the global oilfield drilling additives market in terms of market revenue. Asia Pacific is projected to
expand at a substantial growth and in next few years, the Middle East & Africa is expected to be
the greatest market as this region is exploring new oil wells and empowering in the
transformation of old oil wells. This will contribute to the global oilfield drilling additives market
value exhibiting a robust CAGR during the forecast period, 2015 - 2025.
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Report:

Some of the key market participants in global oilfield drilling additives market are The Lubrizol
Corporation, AkzoNobel, The Dow Chemical Company, Imerys Oilfield Solutions, BASF,
Chevron Philips Chemical Company
The research report presents a comprehensive assessment of the market and contains
thoughtful insights, facts, historical data, and statistically supported and industry-validated
market data. It also contains projections using a suitable set of assumptions and methodologies.
The research report provides analysis and information according to categories such as market
segments, geographies, types and applications.
The report covers exhaustive analysis on:

Market Segments

Market Dynamics

Market Size

Supply & Demand

Current Trends/Issues/Challenges

Competition & Companies involved

Technology

Value Chain

Regional analysis includes

North America (U.S., Canada)

Latin America (Mexico. Brazil)

Persistence Market Research

Oilfield Drilling Additives Market: Global Industry Analysis and Forecast 2015 2021

Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium,
Netherlands, Luxembourg)

Eastern Europe (Poland, Russia)

Asia-Pacific (China, India, ASEAN, Australia & New Zealand)

Japan

The Middle East and Africa (GCC, S. Africa, N. Africa)

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The report is a compilation of first-hand information, qualitative and quantitative assessment by
industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and
governing factors along with market attractiveness as per segments. The report also maps the
qualitative impact of various market factors on market segments and geographies.
Report Highlights:

Detailed overview of parent market

Changing market dynamics in the industry

In-depth market segmentation

Historical, current and projected market size in terms of volume and value

Recent industry trends and developments

Competitive landscape

Strategies of key players and products offered

Potential and niche segments, geographical regions exhibiting promising growth

A neutral perspective on market performance

Must-have information for market players to sustain and enhance their market footprint.

Key points covered in the report:1. Report segments the market on the basis of types, application, products, technology, etc
(as applicable)
2. The report covers geographic segmentation
North America
Europe
Asia
RoW

Persistence Market Research

Oilfield Drilling Additives Market: Global Industry Analysis and Forecast 2015 2021
3. The report provides the market size and forecast for the different segments and
geographies for the period of 2010 to 2020
4. The report provides company profiles of some of the leading companies operating in the
market
5. The report also provides porters five forces analysis of the market.
Browse the full All Upcoming Persistence Market's report at
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Oilfield Drilling Additives Market: Global Industry Analysis and Forecast 2015 2021

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