Global Oilfield Surfactants Market Share

Global Oilfield Surfactants Market Share

Key players operating in the oilfield surfactants industry are :

• BASF
• Baker Hughes
• Halliburton
• Schlumberger
• Dow Chemical Company

Various players are engaged in mergers, and acquisitions which should boost market share and expand product portfolio. Companies are also focusing on investment to improve production capacity to achieve competitive advantage.
 

In August 2020, Nouryon announced that it has expanded its surfactants plant capacity in Stenungsund, Sweden. This expansion also supports the growth for several products and sustainable technologies for markets including oil & gas, lubricants & fuels, and asphalt. This expansion is estimated to cost USD 13.07 million and is expected to complete in 2021. Through this expansion, the company will be able to enhance its product portfolio and cater to a wider customer base.
 

In April 2020, Dow chemicals announced the expansion of its existing production plant in Tarragona, Spain. Through this expansion, the company will be able to increase its production capacity for products including lubricants, defoamers, specialty surfactants & ethoxylates, catering to the rising product demand from regions including Europe, the Middle East & Africa, and India.
 

In April 2019, Flotek Industries launched its latest product line named MicroSolv, a microemulsion technology based on the blend of solvents and surfactants formulated to enhance the performance by lowering interfacial tension, mitigating water blockages, reducing surface tension, aiding flow back of water-based frac fluids, improving clean up, and reducing formation damage created by phase trapping. Through this product launch, the company will be able to enhance its product portfolio and attain a stronger market position.