Oilfield Surfactant Market Size, Share, Growth Report 2032

According to the report published by Zion Market Research, the global Oilfield Surfactant market size was valued at USD 1402.36 million in 2022 and is predicted to reach USD 1961.47 million by the end of 2030. The market is expected to grow with a CAGR of 4.3% during the forecast period. The report analyzes the global Oilfield Surfactant market’s growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Oilfield Surfactant industry.

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Global Oilfield Surfactants Market: Overview

In Global Oilfield Surfactants Market Report, Oilfield surfactants are the organic compounds that are used to lessen the surface tension between the liquids. Surfactants play a vital role in all the stages of oil production including the formulation of water-based or oil-based drilling muds, hydraulic fracturing, Enhanced Oil Recovery (EOR), acidization of oil wells, crude oil transportation, corrosion inhibition, and oil-water-gas separation. In addition to this, they also act as dispersing agents or kinetic inhibitors for gas hydrates.

Global Oilfield Surfactants Market: Growth Factors

The oilfield surfactants demand is growing at a significant rate. Key factors which are contributing to the growth of the global oilfield surfactants market include increasing oil mining all over the world, growing demand for oil surfactants at oil fields for efficient recovery of oil, and increasing global demand for biosurfactants due to their environmentally friendly properties. The demand for petroleum products increased significantly. In the last decade, oil production set a record with more than 92 million barrels per day. This demand is mostly driven by the expansion of transport, personal vehicle, and other industries. With the rising exploration and extraction of oil, demand for oilfield surfactants will grow significantly. Additionally, due to growing research on biosurfactants, adoption of surfactants is expected to increase more over the forecast period. However, the biggest challenge for the market is governments are more aware of harmful carbon footprints that the oil and gas industries leave behind, this has resulted in finding alternate energy sources which may cut down the demand for surfactants over the forecast period. On the other hand, the availability of environment-friendly biosurfactants will increase its demand in the oil industry thereby driving the growth of the global oilfield surfactants market during the forecast period.

The COVID-19 pandemic has moderately affected the demand for surfactants. The pandemic hit all over the world and affected major industries around the world. The oil industry also got struck due to the COVID-19 pandemic. Most of the industries got temporarily shut down during the pandemic period and most of the oilfield decreased their production due to strict lockdown. This results in a moderate decline in the demand for surfactants. However, the decline in the demand is expected to be temporary and as soon as the business open back the oil demand will come to its track, which will again boost the demand for surfactants over the forecast period.

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Global Oilfield Surfactants Market: Segmentation

The global oilfield surfactants market is bifurcated based on source, product type, application, and region. Based on the source, the global oilfield surfactants market is divided into bio-based and synthetic. Based on the product type, the global market is categorized into cationic, anionic, non-ionic, silicone, and amphoteric. The application segment is fragmented into wetting agents, drilling surfactants, foamers, EOR, stimulation flowback/fluid recovery, and others.

Oilfield Surfactant Market: Report Scope

Global Oilfield Surfactants Market: Regional Analysis

North America is predicted to contribute the largest share in the global oilfield surfactants market in terms of revenue during the forecast period. Factors such as the presence of key participants, growing demand for bio-surfactant owing to their environment-friendly properties, and rise in research & development activities for bio-based surfactants are likely to boost the market in this region. The market in the Europe region is anticipated to account for a significant share due to huge investment made by the key players to expand their business & in R&D activities and rise in use of oilfield surfactants in Enhanced Oil Recovery application. Asia Pacific region is also expected to contribute a significant share to the market during the forecast period. Increase in oil mining, expanding oil & gas industry, implementation of 100 percent FDI policy imposed by the government of India allowing foreign companies to expand their business including petroleum and natural gas are the major factors that are primarily contributing to the growth of the market in this region.

Global Oilfield Surfactants Market: Competitive Players

The key participants in the global oilfield surfactants market are:

• LIBRA SPECIALITY CHEMICALS LIMITED
• Schlumberger Limited
• 3M Company
• BASF SE
• The Dow Chemical Company
• Croda International PLC
• Evonik Industries AG
• Lubrizol Corporation
• Sasol Limited
• Oxiteno USA LLC among others

The global Oilfield Surfactant Market is segmented as follows:

BY Source

• bio-based
• synthetic 

By Product type

• cationic
• anionic 
• non-ionic 
• silicone 
• amphoteric

By Aapplication

• wetting agents 
• drilling surfactants 
• foamers
• EOR 
• stimulation flowback/fluid recovery
• and others.
   

Global Oilfield Surfactants Market: Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

What Reports Provides

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market.