- Drilling Chemicals,
- Cementing Chemicals,
- Production Chemicals,
- Work-over,
- Completion Chemicals,
- Stimulation Chemicals,
- EOR Chemicals,
- Flow Assurance,
- Cargo Additives,
- Water Treatment Chemicals,
- Desalting Chemicals,
- Slop Oil Movement,
- Petrochemical Additives,
- Refinery Process Chemicals,
- Finished Fuel Additives
Oil and Gas Chemicals Market size was valued at USD 18,215.7 million in 2023 and is expected to grow at a CAGR of x% from 2024 to 2030. The global market report By product type, the oil and gas chemicals market has been segmented into drilling chemicals, cementing chemicals, production chemicals, work-over & completion chemicals, stimulation chemicals, for chemicals, flow assurance, cargo additives, water treatment chemicals, desalting chemicals, slop oil movement, petrochemical additives, refinery process chemicals, finished fuel additives. Among these, the refinery process chemicals are expected to witness the highest CAGR in the foretelling period. Based on the application, the segment has been segregated into Upstream, Midstream, and Downstream. The upstream segment witnessed the highest CAGR in the upcoming period.
Oil and Gas Chemicals Market Key Development:
- In May 2021, In order to enhance the use of automated drilling systems by drilling contractors and oil & gas operators, Schlumberger and NOV worked together. The strategic alliance will increase safety, make manual procedures automatable, and increase the effectiveness of drilling operations.
Oil And Gas Chemicals Market Summary
Study Period
2024-2030
Base Year
2023
CAGR
x%
Largest Market
Asia Pacific
Fastest Growing Market
Asia Pacific
Oil and Gas Chemicals Market Dynamics
Drivers: Plastics like polyethylene, polypropylene, and polystyrene, among others, are created using a significant portion of the petrochemicals generated around the world. Over the past few decades, demand for these polymers has dramatically expanded, particularly in key end-use industries like plastic food and another commercial product packaging. During the projected period, this upward trend is likely to persist, notably in developing nations in the Asia Pacific, Latin America, and Africa.
North-America Got Significant Share
Oil and Gas Chemicals Market Regional Analysis
By region, During the projected period, the North American market is anticipated to rule the global market. This is linked to increased oil and gas operations due to the advancement of drilling and hydraulic fracturing techniques. Additionally, during the anticipated period, an increase in drilling activity and technological advancements are likely to boost regional growth. Oil-based chemicals are anticipated to rise as shale gas exploration and production increase in the United States.
Latin America
Europe
Asia Pacific
Middle East
North America
Oil And Gas Chemicals Market Segmentation
By Product
By Application
- Upstream, Midstream
- Downstream
By Geography
- North America
- Asia Pacific
- Europe
- Latin America
Frequently Asked Questions
The oil and gas chemicals market size was valued at USD 18,215.7 million in 2023
The oil and gas chemicals market key players are: Baker Hughes Akzo Nobel NV Elementis Plc. Nalco Champion Newpack Resources Inc. Lubrizol Corporation Halliburton Solvay SA.
The oil and gas chemicals market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.
Key Features of the Report
- The report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
- The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments, and start-up details that are actively working in the market
- The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
| 1. Executive Summary |
| 2. Global Oil and Gas Chemicals Market Introduction |
| 2.1. Global Oil and Gas Chemicals Market – Taxonomy |
| 2.2. Global Oil and Gas Chemicals Market –Definitions |
| 2.2.1. By Product |
| 2.2.2. By Application |
| 2.2.3. By Region |
| 3. Global Oil and Gas Chemicals Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Global Oil and Gas Chemicals Market Dynamic Factors - Impact Analysis |
| 4. Global Oil and Gas Chemicals Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Oil and Gas Chemicals Market, By Product, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.1. Drilling Chemicals |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Cementing Chemicals |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Production Chemicals |
| 5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Work-over and Completion Chemicals |
| 5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 5.5. Stimulation Chemicals |
| 5.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.5.3. Market Opportunity Analysis |
| 5.6. EOR Chemicals |
| 5.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.6.3. Market Opportunity Analysis |
| 5.7. Flow Assurance |
| 5.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.7.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.7.3. Market Opportunity Analysis |
| 5.8. Cargo Additives |
| 5.8.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.8.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.8.3. Market Opportunity Analysis |
| 5.9. Water Treatment Chemicals |
| 5.9.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.9.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.9.3. Market Opportunity Analysis |
| 5.10. Desalting Chemicals |
| 5.10.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.10.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.10.3. Market Opportunity Analysis |
| 5.11. Slop Oil Movement |
| 5.11.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.11.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.11.3. Market Opportunity Analysis |
| 5.12. Petrochemical Additives |
| 5.12.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.12.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.12.3. Market Opportunity Analysis |
| 5.13. Refinery Process Chemicals |
| 5.13.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.13.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.13.3. Market Opportunity Analysis |
| 5.14. Finished Fuel Additives |
| 5.14.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.14.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.14.3. Market Opportunity Analysis |
| 6. Global Oil and Gas Chemicals Market, By Application, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 6.1. Upstream |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Midstream |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Downstream |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 7. Global Oil and Gas Chemicals Market Forecast, By Region, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Europe |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Asia-Pacific |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Latin America |
| 7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Middle East and Africa |
| 7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 7.6. Global Oil and Gas Chemicals Market - Opportunity Analysis Index, By Product, Application, and Region, 2024 - 2030 |
| 8. North America Oil and Gas Chemicals Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 8.1. Product Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 8.1.1. Drilling Chemicals |
| 8.1.2. Cementing Chemicals |
| 8.1.3. Production Chemicals |
| 8.1.4. Work-over and Completion Chemicals |
| 8.1.5. Stimulation Chemicals |
| 8.1.6. EOR Chemicals |
| 8.1.7. Flow Assurance |
| 8.1.8. Cargo Additives |
| 8.1.9. Water Treatment Chemicals |
| 8.1.10. Desalting Chemicals |
| 8.1.11. Slop Oil Movement |
| 8.1.12. Petrochemical Additives |
| 8.1.13. Refinery Process Chemicals |
| 8.1.14. Finished Fuel Additives |
| 8.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 8.2.1. Upstream |
| 8.2.2. Midstream |
| 8.2.3. Downstream |
| 8.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 8.3.1. USA |
| 8.3.2. Canada |
| 8.4. North America Oil and Gas Chemicals Market - Opportunity Analysis Index, By Product, Application, and Country, 2024 - 2030 |
| 8.5. North America Oil and Gas Chemicals Market Dynamics – Trends |
| 9. Europe Oil and Gas Chemicals Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 9.1. Product Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1. Drilling Chemicals |
| 9.1.2. Cementing Chemicals |
| 9.1.3. Production Chemicals |
| 9.1.4. Work-over and Completion Chemicals |
| 9.1.5. Stimulation Chemicals |
| 9.1.6. EOR Chemicals |
| 9.1.7. Flow Assurance |
| 9.1.8. Cargo Additives |
| 9.1.9. Water Treatment Chemicals |
| 9.1.10. Desalting Chemicals |
| 9.1.11. Slop Oil Movement |
| 9.1.12. Petrochemical Additives |
| 9.1.13. Refinery Process Chemicals |
| 9.1.14. Finished Fuel Additives |
| 9.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1. Upstream |
| 9.2.2. Midstream |
| 9.2.3. Downstream |
| 9.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 9.3.1. Germany |
| 9.3.2. UK |
| 9.3.3. France |
| 9.3.4. Spain |
| 9.3.5. Italy |
| 9.3.6. Russia |
| 9.3.7. Rest of Europe |
| 9.4. Europe Oil and Gas Chemicals Market - Opportunity Analysis Index, By Product, Application, and Country, 2024 - 2030 |
| 9.5. Europe Oil and Gas Chemicals Market Dynamics – Trends |
| 10. Asia-Pacific Oil and Gas Chemicals Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 10.1. Product Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1. Drilling Chemicals |
| 10.1.2. Cementing Chemicals |
| 10.1.3. Production Chemicals |
| 10.1.4. Work-over and Completion Chemicals |
| 10.1.5. Stimulation Chemicals |
| 10.1.6. EOR Chemicals |
| 10.1.7. Flow Assurance |
| 10.1.8. Cargo Additives |
| 10.1.9. Water Treatment Chemicals |
| 10.1.10. Desalting Chemicals |
| 10.1.11. Slop Oil Movement |
| 10.1.12. Petrochemical Additives |
| 10.1.13. Refinery Process Chemicals |
| 10.1.14. Finished Fuel Additives |
| 10.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1. Upstream |
| 10.2.2. Midstream |
| 10.2.3. Downstream |
| 10.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 10.3.1. China |
| 10.3.2. India |
| 10.3.3. Japan |
| 10.3.4. ASEAN |
| 10.3.5. Australia & New Zealand |
| 10.3.6. Rest of Asia-Pacific |
| 10.4. Asia-Pacific Oil and Gas Chemicals Market - Opportunity Analysis Index, By Product, Application, and Country, 2024 - 2030 |
| 10.5. Asia-Pacific Oil and Gas Chemicals Market Dynamics – Trends |
| 11. Latin America Oil and Gas Chemicals Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 11.1. Product Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1. Drilling Chemicals |
| 11.1.2. Cementing Chemicals |
| 11.1.3. Production Chemicals |
| 11.1.4. Work-over and Completion Chemicals |
| 11.1.5. Stimulation Chemicals |
| 11.1.6. EOR Chemicals |
| 11.1.7. Flow Assurance |
| 11.1.8. Cargo Additives |
| 11.1.9. Water Treatment Chemicals |
| 11.1.10. Desalting Chemicals |
| 11.1.11. Slop Oil Movement |
| 11.1.12. Petrochemical Additives |
| 11.1.13. Refinery Process Chemicals |
| 11.1.14. Finished Fuel Additives |
| 11.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1. Upstream |
| 11.2.2. Midstream |
| 11.2.3. Downstream |
| 11.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 11.3.1. Brazil |
| 11.3.2. Mexico |
| 11.3.3. Argentina |
| 11.3.4. Rest of Latin America |
| 11.4. Latin America Oil and Gas Chemicals Market - Opportunity Analysis Index, By Product, Application, and Country, 2024 - 2030 |
| 11.5. Latin America Oil and Gas Chemicals Market Dynamics – Trends |
| 12. Middle East and Africa Oil and Gas Chemicals Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 12.1. Product Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1. Drilling Chemicals |
| 12.1.2. Cementing Chemicals |
| 12.1.3. Production Chemicals |
| 12.1.4. Work-over and Completion Chemicals |
| 12.1.5. Stimulation Chemicals |
| 12.1.6. EOR Chemicals |
| 12.1.7. Flow Assurance |
| 12.1.8. Cargo Additives |
| 12.1.9. Water Treatment Chemicals |
| 12.1.10. Desalting Chemicals |
| 12.1.11. Slop Oil Movement |
| 12.1.12. Petrochemical Additives |
| 12.1.13. Refinery Process Chemicals |
| 12.1.14. Finished Fuel Additives |
| 12.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1. Upstream |
| 12.2.2. Midstream |
| 12.2.3. Downstream |
| 12.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 12.3.1. Gulf Cooperation Council (GCC) Countries |
| 12.3.2. South Africa |
| 12.3.3. Rest of MEA |
| 12.4. MEA Oil and Gas Chemicals Market - Opportunity Analysis Index, By Product, Application, and Country, 2024 - 2030 |
| 12.5. MEA Oil and Gas Chemicals Market Dynamics – Trends |
| 13. Competition Landscape |
| 13.1. Strategic Dashboard of Top Market Players |
| 13.2. Company Profiles (Introduction, Financial Analysis, Product Offerings, Key Developments, Strategies, and SWOT Analysis) |
| 13.2.1. Baker Hughes |
| 13.2.2. Akzo Nobel NV |
| 13.2.3. Elementis Plc. |
| 13.2.4. Nalco Champion |
| 13.2.5. Newpack Resources Inc. |
| 13.2.6. Lubrizol Corporation |
| 13.2.7. Halliburton |
| 13.2.8. Solvay SA. |
| 14. Research Methodology |
| 15. Key Assumptions and Acronyms |
- Baker Hughes
- Akzo Nobel NV
- Elementis Plc.
- Nalco Champion
- Newpack Resources Inc.
- Lubrizol Corporation
- Halliburton
- Solvay SA.