Environmental Concerns in Oil Industry Driving Oilfield Biocides Market to $658.3 Million By 2020.

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.

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MARKET TRENDS & MARKET GROWTH:

Application wise, the oilfield biocide and bio solvents market have different applications in the oilfield among which drilling, production and hydraulic fracturing are the major applications.

Region wise, 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. 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.

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REPORT SCOPE:

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. 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.

Market Segmentation:

The Oil-Field Biocides and Bio Based Solvents Market is broadly segmented into 4 types based on the following factors:

1.       By Types: Oil Field Biocides and Bio Based Solvents. This further being segmented into:

a.       Oil Field Biocides: Oxidizing Organic Biocides and Non Organic Oxidizing Organic Biocides.

b.      Bio Based Solvents: Hydrocarbons, Alcohols, Ketones, Esters, Ethers, Glycols and Others.

2.       By Application: Drilling, Production, Fracturing and Others.

3.   By Sources: Synthetic Biocides and Natural Biocides. Natural Biocides futher being classified into Bacteria and Plants.

4.       By Geography: America, Europe, APAC and ROW.

Key Players:

Few notable competitors studied and mentioned in this report:

·         BASF SE

·         Dow Speciality Chemical Pvt Ltd

·         Akzo Nobel N.V.

·         Chemtex Specialty Limited

·         Sichem LLC

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New Entrants in Biocides Market Fair Good Due to Global Demand for Biocides.

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:

http://industryarc.com/pdfdownload.aspx?id=1306

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.

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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.

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About IndustryARC:

IndustryARC is a research and consulting firm that publishes more than 500 reports annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare.

IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications of the Market. Our Custom Research Services are designed to provide insights on the constant flux in the global demand-supply gap of markets. Our strong analyst team enables us to meet the client research needs at a very quick speed with a variety of options for your business.

We look forward to support the client to be able to better address customer needs; stay ahead in the market; become the top competitor and get real-time recommendations on business strategies and deals. Contact us to find out how we can help you today.

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Introduction of Mutual Recognition Agreement under BPT (Biocidal Product Regulation) by European Commission and Swiss Confederation: To Have a Positive Effect on Biocides Trading Market

The European Commission regularly reviews the implementation of the European legislations. Recently, Switzerland and European Union signed a bilateral agreement on a mutual recognition of conformity assessments for updating Biocidal products and various other construction products. This Mutual Recognition Agreement (MRA) came into action on April 14, 2015.

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Mutual Recognition Agreement (MRA) has been adapted by the Swedish and the European authorities, mainly, to improvise the laboratory and manufacturing practices of Biocidal products. Due to this MRA, Switzerland will now have the same rights under Biocidal product recognition (BPR) as the other European free trade association (EFTA) countries. This will allow Switzerland to recommend for free trade authority of biocide products same as the EFTA countries. Hence, Switzerland can also generate the BPR union authorisation procedure.

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Currently, according to the European Commission analysis, the trading process is slow and complicated wherein biocides are not delivering efficiently as per the standards.  Due to this reason, MRA is mainly formed, to improve the workability of biocides legislation by proposing new regulations. This agreement is clearly about the improvisation of Biocidal information requirements, process of regulatory approvals and authorization of products. However, there is no modification on technical side of how the scientific evaluation of Biocidal product has taken place.

Main advantage of the new directive is the introduction of a new process called Union Authorization by the European authorities. This process implies that except for national authorization, all the other companies can directly approach all EU member state marketers rather than approaching individual member state. Companies also granted uniform and simplified market accessibility. All the changes in new directive are implemented by government authorities, which will lead to increasing competition and improvisation in the Biocide market in short span of time. It will also help in reviewing and modification of product information and further improvisation in the process like functioning of the national authorizations.

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During this collaboration, European Chemical Agency (ECHA) also provided respective services to Swiss authorities and received a reasonable financial contribution by Switzerland, which is not disclosed. The market leaders believe that this agreement will also help in flexible trading in biocide market; and hence, all the advantages of new directive imposed through the bilateral agreement between Europe and Switzerland showcase a positive effect upon the biocides market.

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About IndustryARC:

IndustryARC is a research and consulting firm that publishes more than 500 reports annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare.

IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications of the Market. Our Custom Research Services are designed to provide insights on the constant flux in the global demand-supply gap of markets. Our strong analyst team enables us to meet the client research needs at a very quick speed with a variety of options for your business.

We look forward to support the client to be able to better address customer needs; stay ahead in the market; become the top competitor and get real-time recommendations on business strategies and deals. Contact us to find out how we can help you today.

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