HYDERABAD, India, January 29, 2015 /PRNewswire/ --
Oil field Surfactants are amphiphiles that are used to lower
surface tension between two liquids. These speciality oil field
chemicals are used in oil extraction, transportation and refining
processes due to their function of being used as emulsifiers,
corrosion inhibitors, dispersants, lubricants and so on. The market
is segmented in to various types, applications, substrates along
with detailed geographic analysis. The IndustryARC estimates that
the market Volume for oilfield surfactants in 2014 to be 598.1
KT.
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The major factor that is contributing to the growth of demand
for oil field surfactants is increase in discovery of new oilfields
and increase in number of oil fields in operation. The advent of
technologies for extraction of shale oil and gas has been a
prominent phenomenon in U.S. and European nations including
Germany & France. The hydraulic fracking is the most
common technique involved in oil extraction from shale formations
requiring oilfield surfactants in oil drilling, extraction and
transportation as drilling fluid, well stimulating agent and
cementing chemical. This coupled with increase in demand from
emerging regions is providing the much needed impetus to the market
demand.
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The anionic surfactants are the dominant type accounting for
more than 30% in 2014. The amphoteric surfactants are poised to
exhibit the fastest growth due to their usage as corrosion
inhibitor. Each of these broader categories is further sub
segmented based on their chemical nature.
Emulsification/de-emulsification is the dominant application
of oil field surfactants in oil and gas industry. These are also
used as wetting and suspending agents predominantly. The growing
shale oil production, particularly in U.S is forecast to propel the
demand in North America region
The method of extraction from the shale oil reservoirs
include fracking, horizontal drilling and multi-well pad drilling
that require considerable usage of oilfield specialty chemicals
such as surfactants for utilization as emulsifiers and wetting
agents. The growing safety concerns and environmental protection
laws have led to a growing surfactant market for corrosion
inhibition and dispersant uses.
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Stepan, Azkonobel, Huntsman, Lubrizol, Dow Chemicals and BASF
are some of the prominent market players in oil field surfactants.
The top 5 major companies account for more than 50% of the market
share in 2014. Stepan occupies the dominant share in the market
followed by Azkonbel and Lubrizol. An in-depth analysis of their
market expansion strategies along with business overview, product
and services offered, financials and developments are provided in
the report.
Contact:
Sanjay Matthews
Business Development Manager
Email: sanjay.matthews@industryarc.com
Phone: +1-614-588-8538 (Ext-101 / 102)
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