Oilfield Drilling Additives Market: Global Industry Analysis And Forecast 2015 2021

1505 words - 7 pages

Oilfield Drilling Additives Market: Global Industry Analysis and Forecast 2015 2021

Persistence Market Research

Oilfield Drilling Additives Market: Global
Industry Analysis and Forecast 2015 - 2021

Persistence Market Research

1

Oilfield Drilling Additives Market: Global Industry Analysis and Forecast 2015 2021
Persistence Market Research Released New Market Report on “Oilfield Drilling Additives
Market: Global Industry Analysis and Forecast 2015 - 2021”.
Oilfield chemicals play a significant role in the oil and gas industry. Most common oilfield
chemicals used by the industry are organic chemicals and solvents, surfactants, transition metal
compounds, inorganic salts, ...view middle of the document...

Each type varies greatly and the composition is different with
different technical specifications. The major chemicals used in the industry are sulfurized or
chlorinated compounds, polyglycols, acrylics, esters polyamides, glutaraldehyde, alcohols and
many more.
In a recent merger by The Lubrizol Corporation, a Berkshire Hathaway company, signed an
agreement with Weatherford, stating that the company’s drilling fluids and additives business
will now be a part of the Lubrizol Corporation. The Lubrizol Corporation has introduced a new
mobile application called the Oilfield Drilling Fluids Product Guide, which is designed to help
formulators of Oilfield Drilling Fluids to identify advanced Lubrizol chemistries that help achieve
a wide range of performance needs. Arabian Drilling Corporation launched three new products
AD41, AD42 and AD43; which have special drilling control systems equipped with Amphion
Integration, a technology that provides compact and comfortable rigs.

Persistence Market Research

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Oilfield Drilling Additives Market: Global Industry Analysis and Forecast 2015 2021
Increasing demand from energy sector is creating thrust to drilling deeper for more oil
extraction, the protection of oil from various harmful organisms in the biocides industry are some
of the key factors driving the growth of the oilfield drilling additives market.
Total cost to target with environmentally acceptable fluid systems, European environmental
concerns, strict environmental regulations are probable factors restraining the growth of the
oilfield drilling additives market.
The global oilfield drilling additives market is broadly classified on the basis of formulation of
coatings, type and geographies.
Based on formulation of coatings, the global oilfield drilling additives market is segmented
into:

Water based

Oil based

Synthetic based

Based on type, the global oilfield drilling additives market is segmented into:

Dispersants

Fluid Viscosifiers

Corrosion Inhibitors

Biocides

Surface Modifiers

Defoamers

The most significant change in the petrochemical industry over the past five years has been the
rapid exploitation of shale gas and oil reserves in North America. Global oilfield chemicals
market is expected to grow owing to new wells discovery in countries like China, Poland. The
global oilfield drilling additives market is expected to expand at a promising CAGR during the
forecast period (2015-2025).
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The global oilfield drilling additives Market is expected to register a double-digit CAGR for the
forecast period. Depending on geographic regions, global oilfield drilling additives market is

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Oilfield Drilling Additives Market: Global Industry...

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