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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