Oilfield Chemicals Market Size Analysis and Top Companies
The global oilfield chemicals market size is expected to attain around USD 45.79 billion by 2032 from USD 30.81 billion in 2023 with a CAGR of 4.5%. The major players operating in the oilfield chemicals market are SMC Global, BASF SE, Solvay, BERRYMAN CHEMICAL, Thermax Limited, Oilfield Chemicals, SVS Chemical Corporation LLP, SEATEX LLC, Kemira, Hawkins, Chemiphase, SicagenChem, SAHARA Middle East Petroleum Services, Ltd., and Others.
Oilfield Chemicals Market Scope
| Report Coverage |
Details |
| Market Size in 2023 |
USD 30.81 Billion |
| Market Size by 2032 |
USD 45.79 Billion |
| Growth Rate from 2024 to 2032 |
CAGR of 4.5% |
| Largest Market |
North America |
| Base Year |
2023 |
| Forecast Period |
2024 to 2032 |
| Segments Covered |
By Product, By Application, and By Location |
| Regions Covered |
North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Oilfield Chemicals Key Players
- SMC Global
- BASF SE
- Solvay
- BERRYMAN CHEMICAL
- Thermax Limited
- Oilfield Chemicals
- SVS Chemical Corporation LLP
- SEATEX LLC
- Kemira
- Hawkins
- Chemiphase
- SicagenChem
- SAHARA Middle East Petroleum Services, Ltd.
Recent Developments:
- In March 2022, the transaction that resulted in DL Chemical Co., Ltd. acquiring Kraton was announced by Kraton Corporation, a top manufacturer of specialty polymers and high-value bio-based products generated from byproducts of pine wood pulping. By utilizing DL Chemicals' production abilities, market presence in Asia, and financial strength, the combination enables Kraton to increase its worldwide reach and fund more investments in market-beating sustainable innovation. The combination also makes DL Chemical and Kraton's aim of dominating the world of specialty chemicals a reality soon.
- In March 2022, in Saudi Arabia, Halliburton announced the launch of the Halliburton Chemical Reaction Plant, which will produce a wide range of chemicals for use along the entire oil & gas value chain.
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