Biocides are the chemical
agents that kill the microorganisms
and prevent and/or control the effects of microorganisms. The microbial growth and corrosion have adverse effects in the oilfield industry which incurs huge
expenses. To avoid these effects, Biocides
and Bio Solvents are used in oilfield industry but in a lesser quantities when compared to
other special chemicals in oilfield. Bio-Based
Solvents are naturally extracted substances or mixture of substances that dissolve
another substance in them. These chemical substances are used in various
oilfield applications like drilling, production, hydraulic fracturing,
completion, packer fluids and others. The demand for the biocides and bio
solvents are high for hydraulic fracturing application because of the shale gas
production in the U.S. The most commonly used biocide is glutaraldehyde and the
solvent is the hydrocarbons which are widely used in all the oilfield
applications.
*To Know More About “Oilfield Biocides Market”,
Download Sample Brochure of the Premium Report:
The report
analyses the Oilfield Biocides and Bio
Solvents Markets in various applications and covers the market demand with
respective regions. The report also provides a market overview for the oilfield
biocides and bio solvents market. The oilfield biocide and bio solvents market
have different applications in the oilfield among which drilling, production
and hydraulic fracturing are the major applications. Europe when compared to
other regions is estimated to have a low CAGR of 0.8% during 2015-2020 to reach
$103.4m by 2020 according to IndustryARC analysis.
Synthetic
materials used to prepare biocides and bio-solvents are toxic materials, which
exhibit intrinsic properties which are harmful to the human beings when there
is an interaction. Government regulatory bodies like European Chemicals Agency (ECHA), Environmental Protection Agency
(EPA), European Solvents Industry Group and others have regulations for bio-solvents
with eco-friendly formulations. However, bio-based solvents are derived
naturally from the renewable feed stocks such as corn, soybeans, orange peels
and so on which have less effect on environment with no or less VOC.
*For More Knowledge on Biocides, Follow the Below
Report Link:
North
America is the leading consumer of oilfield biocides and
has the highest market share in the global oilfield
biocides market. In North America, U.S. is the major country in
terms of consuming high volumes and having high market revenue for oilfield
biocides market. The RoW market is relatively small as compared to the North
American market; however, it is growing rapidly as well with the high CAGR when
compared with other regions. With respect to the global market, North America
and Europe hold 74% of the entire oilfield biocide market share.
In this report,
the market has been segmented by geography as North America, Europe, APAC and
RoW. Market size of last year along with next 5 years’ forecast has been provided
for each of these regions in the report. A detailed qualitative analysis of the
factors responsible for driving and restraining the growth of the biocides and
bio solvents market and future opportunities are provided in the report.
**Full Premium Report on “Oilfield Biocides and
Bio-Based Solvents” Available. To Evaluate a Purchase, Contact our Sales
Manager.
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