Abstract
World demand to rise over 10% annually through 2010
World demand for well stimulation materials is projected to increase ten percent per year through 2010 to $4 billion. High oil and gas prices over much of the 2002- 2006 period have enabled and motivated major producers to raise production of crude oil and natural gas via increasing exploration and use of well stimulation techniques as a consequence. In countries where existing reserves are depleting at a rapid pace, stimulation needs are significantly expanding.
Four countries dominate worldwide demand
In the major oil producing countries of the Middle East, stimulation requirements are minimal at present due to the presence of a relatively small number of producing wells that require limited production enhancement. In fact, over 90 percent of world well stimulation material demand is concentrated in just four countries: the US, Russia, China and Canada, in order of importance.
All four of these countries cover vast land masses and large coastlines suitable for onshore and offshore exploration. US demand by itself represents about 60 percent of the global market for well stimulation materials. Through 2010, US sales of well stimulation materials will grow in excess of the global average due to increasingly maturing existing oil and gas wells in the country as well as rising exploration and drilling in challenging environments -- oftentimes requiring deeper well drilling and use of more expensive well stimulation materials.
Demand for well stimulation materials holds the strongest prospects in China through 2010, as the country continues to exhibit robust economic growth. To maintain such a rapid pace of economic development, China is attaching increasing focus on energy security from both external and internal supplies. Western well stimulation material producing companies are increasingly setting up production sites in China.
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 Petroleum Outlook
- Reserves & Exploration
- Production
- Crude Oil Pricing Patterns
- World Natural Gas Outlook
- Reserves & Exploration
- Production
- Natural Gas Pricing Patterns
- Oilfield Services Indicators
III. TECHNOLOGY
- General
- Well Drilling & Completion
- Horizontal Drilling
- Multilateral Drilling
- Coiled Tubing Drilling
- Underbalanced Drilling
- Well Completion
- Well Stimulation Technologies
- Hydraulic Fracturing
- Acidizing
- Fracture Acidizing
- Other Well Stimulation Technologies
- Well Stimulation Fluids
- Fracturing Fluids
- Foamed Fracturing Fluids
- Acidizing Fluids
- Foamed Acidizing Fluids
- Seismology
IV. WORLD OVERVIEW
- General
- Product Overview
- Proppants Demand
- Ceramic Proppants
- Sand & Other Proppants
- Proppants Demand by Country
- Base Fluid Materials Demand
- Gelling Agents
- Foaming Agents
- Acids
- Crosslinking Agents
- Other Base Fluid Materials
- Base Fluid Materials Demand by Country
- Additives Demand
- Breakers
- Friction Reducers
- Fluid Loss Control Agents
- Nonemulsifiers
- Biocides
- Corrosion Inhibitors
- Other Additives
- Additives Demand by Country
- Proppants Demand
V. KEY COUNTRIES
- United States
- Russia
- Canada
- China
VI. OTHER REGIONS
- Latin America
- Europe
- Asia/Pacific
- Africa/Mideast
VII. INDUSTRY STRUCTURE
- General
- Market Share & Industry Composition
- Mergers & Acquisitions
- Cooperative Agreements
- Marketing & Distribution
- Research & Development
- Competitive Strategies
- COMPANY PROFILES
- Akzo Nobel NV
- Albemarle Corporation
- Aqualon, see Hercules Incorporated
- Badger Mining Corporation
- Baker Hughes Incorporated
- BASF AG
- BJ Services Company
- Borden Chemical Incorporated, see Hexion Specialty Chemicals Incorporated
- Canfrac Sands Limited, see Metro Engineering and Contracting Limited
- CARBO Ceramics Incorporated
- Champion Technologies Incorporated
- Chevron Phillips Chemical Company LLC
- Cognis Deutschland GmbH & Company KG
- Dow Chemical Company
- DuPont (EI) de Nemours
- Enerchem International Incorporated
- Engelhard Corporation, see BASF AG
- Fairmount Minerals Limited
- FMC Corporation
- Guizhou LinHai New Material Manufacturing Company
- Halliburton Company
- Hercules Incorporated
- Hexion Specialty Chemicals Incorporated
- JSC Borovichi Refractories Plant
- M-I SWACO LLC, see Smith International Incorporated and Schlumberger Limited
- Metro Engineering and Contracting Limited
- Mineração Curimbaba Limitada
- Navdeep Chemicals Private Limited
- Praxair Incorporated
- PT Tesso Tetra Chemika
- Rhodia SA
- Saint-Gobain
- Santrol, see Fairmount Minerals Limited
- Schlumberger Limited
- Smith International Incorporated
- Trekhgorny Ceramic Factory
- Unimin Corporation
- US Silica Company
- Yixing Orient Petroleum Proppant Company Limited
- Other Companies Mentioned in Study
LIST OF TABLES
SECTION I -- EXECUTIVE SUMMARY
- Summary Table
SECTION II -- MARKET ENVIRONMENT
- 1 World Gross Domestic Product by Region
- 2 World Population by Region
- 3 World Manufacturing Value Added by Region
- 4 World Crude Oil Production by Country
- 5 World Natural Gas Production by Country
- 6 World Oilfield Service Indicators
SECTION IV -- WORLD OVERVIEW
- 1 World Well Stimulation Materials Demand
- 2 World Well Stimulation Materials Demand by Product
- 3 World Proppants Demand by Type
- 4 World Proppants Demand by Country
- 5 World Well Stimulation Base Fluid Materials Demand by Type
- 6 World Well Stimulation Base Fluid Materials Demand by Country
- 7 World Well Stimulation Additives Demand by Type
- 8 World Well Stimulation Additives Demand by Country
SECTION V -- KEY COUNTRIES
- 1 United States -- Key Indicators for Well Stimulation Materials
- 2 United States -- Well Stimulation Materials Demand
- 3 United States -- Proppants Demand
- 4 United States -- Well Stimulation Fluids & Additives Demand
- 5 Russia -- Key Indicators for Well Stimulation Materials
- 6 Russia -- Well Stimulation Materials Demand
- 7 Russia -- Proppants Demand
- 8 Russia -- Well Stimulation Fluids & Additives Demand
- 9 Canada -- Key Indicators for Well Stimulation Materials
- 10 Canada -- Well Stimulation Materials Demand
- 11 Canada -- Proppants Demand
- 12 Canada -- Well Stimulation Fluids & Additives Demand
- 13 China -- Key Indicators for Well Stimulation Materials
- 14 China -- Well Stimulation Materials Demand
- 15 China -- Proppants Demand
- 16 China -- Well Stimulation Fluids & Additives Demand
SECTION VI -- OTHER REGIONS
- 1 Latin America -- Key Indicators for Well Stimulation Materials
- 2 Latin America -- Well Stimulation Materials Demand by Type
- 3 Latin America -- Well Stimulation Materials Demand by Country
- 4 Europe -- Key Indicators for Well Stimulation Materials
- 5 Europe -- Well Stimulation Materials Demand by Type
- 6 Europe -- Well Stimulation Materials Demand by Area
- 7 Asia/Pacific -- Key Indicators for Well Stimulation Materials
- 8 Asia/Pacific -- Well Stimulation Materials Demand by Type
- 9 Asia/Pacific -- Well Stimulation Materials Demand by Country
- 10 Africa/Mideast -- Key Indicators for Well Stimulation Materials
- 11 Africa/Mideast -- Well Stimulation Materials Demand by Type
SECTION VII -- INDUSTRY STRUCTURE
- 1 Selected Acquisitions & Divestitures
- 2 Selected Cooperative Agreements
LIST OF CHARTS
SECTION II -- MARKET ENVIRONMENT
- 1 Proven Oil Reserves by Region, 2005
- 2 Average Annual Spot Crude Prices, 1995-2005
- 3 Proven Natural Gas Reserves by Region, 2005
- 4 Average Natural Gas Prices, 1995-2005
SECTION VII -- INDUSTRY STRUCTURE
- 1 World Well Stimulation Materials Market Share, 2005
