Abstract
Worldwide growth in oil & gas production to spur gains for oilfield chemicals
World demand for oilfield chemicals is expected to reach $14 billion in 2010. A number of factors are expected to contribute to these gains. Growth of oil and natural gas production is expected to accelerate, especially in the Africa/ Mideast region and in Latin America. Rig activity and well completions are expected to continue to increase, though at a somewhat slower pace than was seen in the previous five years, as oil prices moderate from the highs recorded in 2005 and 2006. Additionally, producers are becoming increasingly reliant on unconventional sources of oil and natural gas and placing wells in more difficult conditions, which will further stimulate chemical demand.
Stimulation and EOR chemicals to lead advances
Although drilling fluids will remain by far the largest product category, well stimulation and enhanced oil recovery (EOR) chemicals will register the fastest growth. At present, well stimulation chemical demand is heavily concentrated in four countries: the US, Russia, Canada and China. Demand in the US alone accounts for more than half of the global well stimulation market. Over the past decade, Russia has registered exceptionally rapid growth in demand for well stimulation materials, in the process becoming the second largest market in the world -- though still well behind the US. The number of well completions in Canada in 2004 and in 2005 both set all time records and future growth in drilling and exploration activity is expected to remain strong. Among the leading producing nations, demand for well stimulation materials holds strongest growth prospects in China through 2010.
Cement additives are also expected to register above average growth, as wells in demanding conditions or depths require cements that perform under large ranges of temperature and pressure. Most other products are expected to post growth comparable to the overall average.
North America to remain largest regional market
Although oil and gas production is expected to grow more rapidly in other regions of the world, the North American market is expected to be the largest and fastest-growing market for oilfield chemicals. The US and Canada, with older and more developed oilfields, offer a much larger market for chemicals designed to maintain output levels in areas of diminishing well flows. Not surprisingly, these factors contribute to North America' s position as the leading regional market for well stimulation and EOR chemicals, the fastest-growing product type.
In contrast, Africa and the Mideast are much less intensive users of oilfield chemicals, as extraction of oil and gas are relatively easy in that part of the world. However, increased growth in oil and gas production in Africa and the Mideast are expected to boost demand for production chemicals and other product types.
Study coverage
Details on these and other findings are contained in World Oilfield Chemicals, a new Freedonia industry study presents historical demand data in US dollars for 1995, 2000 and 2005 plus forecasts to 2010 and 2015. Demand data is provided by major product type and by region, as well as for 27 countries. This study also considers market environment factors, evaluates company market share data and profiles 37 global industry participants including Baker Hughes, BJ Services, Champion Technologies, Halliburton, M-I SWACO and Nalco.
Table of Contents
INTRODUCTION
I. EXECUTIVE SUMMARY
II. MARKET ENVIRONMENT
- General
- World Economic Overview
- Recent Historical Trends
- Macroeconomic Outlook
- World Demographic Outlook
- World Manufacturing Outlook
- World Oil & Gas Outlook
- World Petroleum Outlook
- Reserves & Exploration
- Production
- Crude Oil Pricing Patterns
- World Natural Gas Outlook
- Reserves & Exploration
- Production
- Natural Gas Pricing Patterns
- Oilfield Service Indicators
- Environmental & Regulatory Issues
III. OILFIELD TECHNOLOGY
- General
- Well Drilling
- Directional Drilling
- Horizontal Drilling
- Other Drilling Technologies
- Drilling Fluids
- Well Completion & Workover
- Well Stimulation
- Fracturing
- Acidizing
- Types
- Uses
- Retardation of Acid Reactions
- Other Well Stimulation Techniques & Technology
- Enhanced Oil Recovery
- Thermal Recovery
- Gas Recovery
- Chemical Recovery
- Other Enhanced Oil Recovery Methods
- Other Oilfield Technologies
- Oil Sands Recovery
- Coal Bed Methane
IV. WORLD OVERVIEW
- Regional Overview
- Product Overview
- Drilling Fluids
- Formulation Characteristics
- Offshore & Deepwater Drilling
- Oilfield Cement & Cement Additives
- Production Chemicals
- Demulsifiers
- Corrosion & Scale Inhibitors
- Biocides
- Other
- Stimulation & Enhanced Oil Recovery (EOR) Chemicals
- Stimulation Chemicals
- EOR Chemicals
- Completion & Workover Fluids
- Drilling Fluids
- Chemical Consumption Trends
V. NORTH AMERICA
- General
- Macroeconomic Outlook
- Oil & Gas Outlook
- Oilfield Chemical Demand
- United States
- Canada
- Mexico
VI. LATIN AMERICA
- General
- Macroeconomic Outlook
- Oil & Gas Outlook
- Oilfield Chemical Demand
- Macroeconomic Outlook
- Venezuela
- Brazil
- Argentina
- Other Latin America
VII. EUROPE
- General
- Macroeconomic Outlook
- Western Europe
- Eastern Europe
- Oil & Gas Outlook
- Oilfield Chemical Demand
- Macroeconomic Outlook
- Russia
- Norway
- United Kingdom
- Other Europe
VIII. AFRICA/MIDEAST
- General
- Macroeconomic Outlook
- Oil & Gas Outlook
- Oilfield Chemical Demand
- Africa
- Oil & Gas Outlook
- Oilfield Chemical Demand
- Algeria
- Nigeria
- Libya
- Angola
- Other Africa
- Middle East
- Oil & Gas Outlook
- Oilfield Chemical Demand
- Saudi Arabia
- Iran
- United Arab Emirates
- Oman
- Kuwait
- Syria
- Qatar
- Iraq
- Other
IX. ASIA/PACIFIC
- General
- Macroeconomic Outlook
- Oil & Gas Outlook
- Oilfield Chemical Demand
- China
- Indonesia
- Malaysia
- India
- Kazakhstan
- Other Asia/Pacific
X. INDUSTRY STRUCTURE
- General
- Market Share
- Drilling Fluids
- Production Chemicals
- Completion & Workover Fluids
- Other Oilfield Chemicals
- Industry Restructuring
- Competitive Strategies
- Cooperative Agreements
- Marketing & Distribution
- Company Profiles
- Albemarle Corporation
- Alco Chemical, see Imperial Chemical Industries
- Alpha Cement JSC, see Holcim
- AMCOL International Corporation
- American Colloid Company, see AMCOL International
- Aqualon, see Hercules
- Ava SpA, see Newpark Resources
- Baker Hughes Incorporated
- Baroid Drilling Fluids, see Halliburton BJ Services Company
- Buzzi Unicem SpA
- Champion Technologies Incorporated
- Chemtura Corporation
- Clariant International Limited
- Cognis Deutschland GmbH & Company KG
- Colin Stewart Minchem Limited, see AMCOL International
- Cytec Industries Incorporated
- Data Chem Incorporated, see Clariant International
- Dead Sea Bromine Group, see Israel Chemicals
- Delcom Chemicals Sdn Berhad, see Navdeep Chemicals
- Dow Chemical Company
- DuPont (EI) de Nemours
- Dyckerhoff AG, see Buzzi Unicem
- Egyptian Canadian Company for Chemical Industries FZ, see Enerchem International
- Enerchem International Incorporated
- Excalibar Minerals Incorporated, see Newpark Resources
- Gumpro Chem Drilling Fluids
- Halliburton Company
- Henan Puyang Kaili Chemical Company Limited
- Hercules Incorporated
- Holcim Limited
- Imperial Chemical Industries plc
- Israel Chemicals Limited
- Jordan Bromine Company Limited, see Albemarle Lafarge SA
- M-I SWACO LLC, see Schlumberger and Smith International
- Nalco Holdings LLC
- National Starch and Chemical Company, see Imperial Chemical Industries
- Navdeep Chemicals Private Limited
- Newpark Resources Incorporated
- NGC Oil Services Limited, see Nigerian-German Chemicals plc
- Nigerian-German Chemicals plc
- Nurchemicals & Engineering Industries Company
- OAO Sucholoshskzement, see Buzzi Unicem
- PetroChina Company Limited
- PT Tesso Tetra Chemika
- Rhodia SA
- Roemex Limited
- Schlumberger Limited
- Sichem
- Smith International Incorporated
- Societe Algerienne de Stimulation de Puits Producteurs
- d' Hydroncarbures, see BJ Services
- Specialised Petroleum Services Group Limited, see Smith International
- TETRA Technologies Incorporated
- Texas Industries Incorporated
- Thermax Group
- TXI Energy Services, see Texas Industries
- Volclay Pty Limited, see AMCOL International
- Wildcat Chemicals Pty Limited
- Zhuhai Huafu Oilfield Chemicals Limited, see PetroChina Company
- Other Companies Mentioned in Study
LIST OF TABLES
SECTION I -- EXECUTIVE SUMMARY
- Summary Table
SECTION II -- MARKET ENVIRONMENT
- World Gross Domestic Product by Region
- World Population by Region
- World Manufacturing Value Added by Region
- World Oil & Gas Output
- World Crude Oil Production by Region
- World Natural Gas Production by Region
- World Oilfield Service Indicators
SECTION IV -- WORLD OVERVIEW
- World Oilfield Chemical Demand by Region
- World Oilfield Chemical Demand by Type
- Drilling Fluid Demand by Region
- Drilling Fluid Demand by Formulation
- Oilfield Cement & Cement Additive Demand by Type & Region
- Production Chemical Demand by Type & Region
- Well Stimulation & Enhanced Oil Recovery Chemical
- Demand by Type & Region
- Completion & Workover Fluid Demand by Region
SECTION V -- NORTH AMERICA
- North America: Key Indicators for Oilfield Chemical Demand
- North America: Oilfield Chemical Demand
- United States: Key Indicators for Oilfield Chemical Demand
- United States: Oilfield Chemical Demand
- Canada: Key Indicators for Oilfield Chemical Demand
- Canada: Oilfield Chemical Demand
- Mexico: Key Indicators for Oilfield Chemical Demand
- Mexico: Oilfield Chemical Demand
SECTION VI -- LATIN AMERICA
- Latin America: Key Indicators for Oilfield Chemical Demand
- Latin America: Oilfield Chemical Demand
- Venezuela: Key Indicators for Oilfield Chemical Demand
- Venezuela: Oilfield Chemical Demand
- Brazil: Key Indicators for Oilfield Chemical Demand
- Brazil: Oilfield Chemical Demand
- Argentina: Key Indicators for Oilfield Chemical Demand
- Argentina: Oilfield Chemical Demand
- Other Latin America: Key Indicators for Oilfield Chemical Demand
- Other Latin America: Oilfield Chemical Demand
SECTION VII -- EUROPE
- Europe: Key Indicators for Oilfield Chemical Demand
- Europe: Oilfield Chemical Demand
- Russia: Key Indicators for Oilfield Chemical Demand
- Russia: Oilfield Chemical Demand
- Norway: Key Indicators for Oilfield Chemical Demand
- Norway: Oilfield Chemical Demand
- United Kingdom: Key Indicators for Oilfield Chemical Demand
- United Kingdom: Oilfield Chemical Demand
- Other Europe: Key Indicators for Oilfield Chemical Demand
- Other Europe: Oilfield Chemical Demand
SECTION VIII -- AFRICA/MIDEAST
- Africa/Mideast: Key Indicators for Oilfield Chemical Demand
- Africa/Mideast: Oilfield Chemical Demand
- Africa: Key Indicators for Oilfield Chemical Demand
- Africa: Oilfield Chemical Demand
- Middle East: Key Indicators for Oilfield Chemical Demand
- Middle East: Oilfield Chemical Demand
SECTION IX -- ASIA/PACIFIC
- Asia/Pacific: Key Indicators for Oilfield Chemical Demand
- Asia/Pacific: Oilfield Chemical Demand
- China: Key Indicators for Oilfield Chemical Demand
- China: Oilfield Chemical Demand
- Indonesia: Key Indicators for Oilfield Chemical Demand
- Indonesia: Oilfield Chemical Demand
- Malaysia: Key Indicators for Oilfield Chemical Demand
- Malaysia: Oilfield Chemical Demand
- India: Key Indicators for Oilfield Chemical Demand
- India: Oilfield Chemical Demand
- Kazakhstan: Key Indicators for Oilfield Chemical Demand
- Kazakhstan: Oilfield Chemical Demand
- Other Asia/Pacific: Key Indicators for Oilfield Chemical Demand
- Other Asia/Pacific: Oilfield Chemical Demand
SECTION X -- INDUSTRY STRUCTURE
- Selected Acquisitions & Divestitures
- Selected Cooperative Agreements
LIST OF CHARTS
SECTION II -- MARKET ENVIRONMENT
- Proven Oil Reserves by Region, 2005
- Average Annual Spot Crude Oil Prices, 1995-2005
- Proven Natural Gas Reserves by Region, 2005
- Average Natural Gas Prices, 1995-2005
SECTION IV -- WORLD OVERVIEW
- World Oilfield Chemical Demand by Region, 2005
- World Oilfield Chemical Demand by Type, 2005
- Drilling Fluid Demand by Region, 2005
- Drilling Fluid Demand by Formulation, 2005
- Oilfield Cement & Cement Additive Demand by Region, 2005
- Production Chemical Demand by Type, 2005
- Production Chemical Demand by Region, 2005
- Well Stimulation & EOR Chemical Demand by Region, 2005
- Completion & Workover Fluid Demand by Region, 2005
- Chemical Use Intensity in Relation to Oil & Gas Production, 2005
SECTION X -- INDUSTRY STRUCTURE
- World Oilfield Chemical Market Share, 2005
- World Drilling Fluid Market Share, 2005
- World Production Chemical Market Share, 2005
- World Completion & Workover Fluid Market Share, 2005
