Report Code: A15578 | Nov 2023 | Pages: NA | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Oilfield Surfactants Market
Request Now !Surfactants are chemicals that efficiently lower the surface tension between a fluid and a solid, or between different fluids, in the oilfield. Surfactants used in the oilfield have a variety of physical and chemical qualities that can be used during the drilling, production, refining, enhanced oil recovery, and stimulation stages. Asphalting dispersants, corrosion inhibition, emulsifiers, demulsifier intermediates, oil-wetters, paraffin inhibitors, water-wetters, foamers, and defoamers are only a few of the applications. The chemical structure, specifically the structural groups on the molecule, determines the type of surfactant behavior.
The chemical structure, specifically the structural groups on the molecule, determines the type of surfactant behavior. The oilfield surfactant market is divided into three segments: drilling, production, and stimulation, as well as the uses described before. Furthermore, despite being a niche industry, there has been an increasing interest in bio-based oil surfactants for their environmentally benign benefits that can counteract the widespread environmental worries about the oil and gas industries.Â
COVID-19 Impact analysis
COVID-19 unprecedented crisis in 2020 continues to have a visible and significant impact on the global workforce, industry, country, and economy. The pandemic has hampered the supply chain, particularly in terms of raw material for oilfield surfactants. Due to the pandemic, businesses were forced to close their doors, resulting in a shortage of raw materials. The export or import of oilfield surfactants or raw materials had to go through a strict sanitization process and had to stay at docks during the peak of the pandemic, causing a supply chain disruption that also hampered the growth of the industry.
Top Impacting Factors
Over the projection period, the global market for oilfield surfactants is expected to increase at a rapid pace, particularly in oil-producing countries like China, the United States, and OPEC members. The demand for oilfield surfactants has risen in tandem with the rapid growth in chemicals, oil exploration, and extraction, as evidenced by the demanding EOR activities. Furthermore, rising interest in bio-based oil surfactants for their environmentally favorable results, which can mitigate the oil and gas industries' widespread ecological concerns, is predicted to offer profitable prospects for manufacturers. Emulsifiers, demulsifiers, biocides, and other surfactants would be in great demand at various stages of drilling, production, and stimulation in oilfields. Bio-based oilfield surfactants would also be in high demand as the globe moves toward a more sustainable and environmentally friendly future.
Enhanced Oil Recovery (EOR) is gaining popularity in the oil sector since it reduces costs and increases yield, which could enhance the Oil Surfactants market because EOR is only achievable with the use of such surfactants.
Market Trends
Key Benefits of the Report
Questions Answered in the Oilfield Surfactants Market Report
Oilfield Surfactants Market Report Highlights
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Key Market Players | Enviro Fluid, Croda International PLC, Rimpro-India, Weatherford International, Huntsman Corporation, Stepan Company, CP Kelco Oil Field Group, Flotek Industries, Evonik Industries AG |
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