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Growth in oil and gas production to spur gains
World demand for oilfield chemicals is expected to reach $20 billion in 2012. Growth will decelerate from the 2002-2007 period, but there will still be ample opportunities in most regions. A number of factors are expected to contribute to these gains. Oil and natural gas production is expected to continue to increase, especially in Latin America, Asia and Africa. Rig counts and drilling activity should also be favorable, as oil prices remain above historical levels (though down significantly from records set in 2008). Additionally, producers are becoming increasingly reliant on unconventional sources of oil and natural gas -- such as Canadian oil sands and very deep offshore waters -- and are placing wells in more difficult conditions, which will further stimulate chemical demand.

Stimulation chemicals to lead advances
Although drilling fluids will remain by far the largest product category, well stimulation chemicals will register the fastest growth. At present, well stimulation chemical demand is heavily concentrated in four countries: the US, Russia, Canada and China. Demand in the US alone accounts for more than half of the global well stimulation market. Over the past decade, Russia has registered exceptionally rapid growth in demand for well stimulation materials, in the process becoming the second largest market in the world -- though still well behind the United States.

North America to remain largest regional market
Although oil and gas production is expected to grow more rapidly in other regions of the world, the North American market is expected to remain the largest market. The US and Canada, with older and more developed oilfields, offer a much larger market for chemicals designed to maintain output levels in areas of diminishing well flows. Not surprisingly, these factors contribute to North America’s position as the leading regional market for well stimulation chemicals, the fastest-growing product type. In contrast, Africa and the Mideast are much less intensive users of oilfield chemicals, as extraction of oil and gas are relatively easy in that part of the world. However, increased growth in oil and gas production in Latin America, Africa and  Asia will contribute to above average growth for oilfield chemicals in these regions.

Other regions present challenges, opportunities
The Africa/Mideast region, which accounts for more than 40 percent of global oil production, is a smaller market for oilfield chemicals than its enormous energy output might suggest. Even so, oilfield chemical demand in the region is expected to grow based on increased natural gas production in many previously underdeveloped areas (e.g., Libya, Algeria), and a greater share of oilfield activity taking place in more demanding environments off the coasts of Nigeria, Angola and other nations in West Africa. Europe, the region in which oilfield chemical demand is expected to expand most slowly, will offer something of a mixed bag. Demand in Norway and the United Kingdom is expected to grow at a rate well below the regional average, due to a lack of expansion of drilling activity and diminishing output from the North Sea. In contrast, growth in Russia will be strong due to sustained production growth and efforts to remediate wells that were not properly managed in the past.

Study coverage
This new Freedonia industry study, World Oilfield Chemicals, is priced at $5700. It presents historical demand data (1997, 2002, 2007) plus forecasts for 2012 and 2017 by product, world region and major country. The study also evaluates market share and profiles 39 industry players.

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Table of Contents

INTRODUCTION

EXECUTIVE SUMMARY

MARKET ENVIRONMENT
General
World Economic Overview
    Recent Historical Trends
    Macroeconomic Outlook
World Demographic Outlook
World Manufacturing Outlook
World Oil & Gas Outlook
World Petroleum Outlook
    Reserves & Exploration
    Production
    Crude Oil Pricing Patterns
World Natural Gas Outlook
    Reserves & Exploration
    Production
    Natural Gas Pricing Patterns
Oilfield Service Indicators
Environmental & Regulatory Issues

OILFIELD TECHNOLOGY
General
Well Drilling
    Directional Drilling
    Horizontal Drilling
    Other Drilling Technologies
    Drilling Fluids
Well Completion & Workover
Well Stimulation
    Fracturing
    Acidizing
        Types
        Uses
        Retardation of Acid Reactions
    Other Well Stimulation Techniques & Technology
Enhanced Oil Recovery
    Thermal Recovery
    Gas Recovery
    Chemical Recovery
    Other Enhanced Oil Recovery Methods
Other Oilfield Technologies
    Oil Sands Recovery
    Coal Bed Methane

WORLD OVERVIEW
Regional Overview
Product Overview
    Drilling Fluids
        Formulation Characteristics
        Offshore & Deepwater Drilling
    Oilfield Cement & Cement Additives
    Production Chemicals
        Demulsifiers
        Corrosion & Scale Inhibitors
        Biocides
        Other
    Stimulation Chemicals
    Enhanced Oil Recovery (EOR) Chemicals
    Completion & Workover Fluids
Chemical Consumption Trends

NORTH AMERICA
General
    Macroeconomic Outlook
    Oil & Gas Outlook
    Oilfield Chemical Demand
United States
Canada
Mexico

LATIN AMERICA
General
    Macroeconomic Outlook
    Oil & Gas Outlook
    Oilfield Chemical Demand
Venezuela
Brazil
Argentina
Other Latin America

EUROPE
General
    Macroeconomic Outlook
        Western Europe
        Eastern Europe
    Oil & Gas Outlook
    Oilfield Chemical Demand
Russia
Norway
United Kingdom
Other Europe

AFRICA/MIDEAST
General
Macroeconomic Outlook
    Oil & Gas Outlook
    Oilfield Chemical Demand
Africa
    Oil & Gas Outlook
    Oilfield Chemical Demand
        Algeria
        Nigeria
        Libya
        Angola
        Other Africa
Middle East
    Oil & Gas Outlook
    Oilfield Chemical Demand
        Saudi Arabia
        Iran
        United Arab Emirates
        Oman
        Kuwait
        Syria
        Qatar
        Iraq
        Other

ASIA/PACIFIC
General
    Macroeconomic Outlook
    Oil & Gas Outlook
    Oilfield Chemical Demand
China
Indonesia
Malaysia
India
Kazakhstan
Other Asia/Pacific

INDUSTRY STRUCTURE
General
Market Share
    Drilling Fluids
    Production Chemicals
    Completion & Workover Fluids
    Other Oilfield Chemicals
Industry Restructuring
Competitive Strategies
Cooperative Agreements
Marketing & Distribution

Company Profiles

LIST OF TABLES

EXECUTIVE SUMMARY
1 Summary Table

MARKET ENVIRONMENT
1 World Gross Domestic Product by Region
2 World Population by Region
3 World Manufacturing Value Added by Region
4 World Oil & Gas Output
5 World Crude Oil Production by Region
6 World Natural Gas Production by Region
7 World Oilfield Service Indicators

WORLD OVERVIEW
1 World Oilfield Chemical Demand by Region
2 World Oilfield Chemical Demand by Type
3 Drilling Fluid Demand by Region
4 Drilling Fluid Demand by Formulation
5 Oilfield Cement & Cement Additive Demand by Type & Region
6 Production Chemical Demand by Type & Region
7 Well Stimulation & Enhanced Oil Recovery Chemical Demand by Type & Region
8 Completion & Workover Fluid Demand by Region

* Tables for each region & country feature historical data (1997, 2002, 2007) plus forecasts (2012, 2017) for the following: Key Indicators for Oilfield Chemical Demand Oilfield Chemical Demand

INDUSTRY STRUCTURE
1 Selected Acquisitions & Divestitures
2 Selected Cooperative Agreements

LIST OF CHARTS

MARKET ENVIRONMENT
1 Proven Oil Reserves by Region, 2007
2 Average Annual Spot Crude Oil Prices, 1997-2007
3 Proven Natural Gas Reserves by Region, 2007
4 Average Natural Gas Prices, 1997-2007

WORLD OVERVIEW
1 World Oilfield Chemical Demand by Region, 2007
2 World Oilfield Chemical Demand by Type, 2007
3 Drilling Fluid Demand by Region, 2007
4 Drilling Fluid Demand by Formulation, 2007
5 Oilfield Cement & Cement Additive Demand by Region, 2007
6 Production Chemical Demand by Type, 2007
7 Production Chemical Demand by Region, 2007
8 Well Stimulation & EOR Chemical Demand by Region, 2007
9 Completion & Workover Fluid Demand by Region, 2007
10 Chemical Use Intensity in Relation to Oil & Gas Production, 2007

INDUSTRY STRUCTURE
1 World Oilfield Chemical Market Share, 2007
2 World Drilling Fluid Market Share, 2007
3 World Production Chemical Market Share, 2007
4 World Completion & Workover Fluid Market Share, 2007

For full details, please email jenniferc@cmsinfo.com

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