Oilfield Surfactants Market size worth over $1 billion by 2026

According to a new research report by Global Market Insights, Inc., the Oilfield Surfactants Market size is set to surpass USD 1 Billion by 2026. Increasing demand for oilfield services is likely to surge the product demand during the forecast period.
 

Oilfield surfactants lower the surface tension during the formulation of drilling fluids and act as emulsifiers in oil - water or water-oil systems. Oilfield surfactants function as oil wetting or water wetting agents for dispersed solids. For well cementation, surfactants help to remove residual drilling mud in the intermediate spacer fluid.

 

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Surfactants also act as dispersing agents in foamed or liquid cement. In enhanced oil recovery (EOR), during waterflooding, surfactants are added to injection water in order to displace the oil near the well. Increasing technological advancements to improve the oil production from wells will foster the oilfield surfactants market growth.
 

Growing application scope of non-ionic surfactants will foster the market growth

Non-ionic segment held a USD 352.4 million in 2019, exhibiting major oilfield surfactants market growth potential by 2026. Non-ionic surfactants are neutral and are majorly used for their emulsifying properties in oil and gas production practices.
 

Both non-ionic and anionic are used together to obtain dual-action, cleaners and emulsification in drilling operations. Surfactants witness enhanced demand in drilling muds and drilling fluids owing to their lubrication properties for better flow and pumpability for foam control, emulsification, and to reduce water loss during the drilling.
 

Non-ionic surfactants witness applications in various operations of petroleum production. These are majorly preferred for drilling, cementing slurries, fracturing, acidization, demulsification, corrosion inhibition applications.
 

 “As per industry forecasts, amphoteric surfactants segment will register a CAGR of over 3.0% through 2026 owing to its rising demand application in improving oil recovery”.
 

Browse key industry insights spread across 300 pages with 249 market data tables and 49 figures & charts from the report, “Oilfield Surfactants Market By Product (Anionic, Non-Ionic, Cationic, Amphoteric, Silicone), By Source (Synthetic, Bio-Based), By Application (Stimulation Flowback/ Fluid recovery, EOR, Foamers, Drilling Surfactants, Rig Wash Solutions/Cleaners, Wetting Agents, Surface active materials, Emulsion Breakers, Non emulsifiers, Spacers) Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/oilfield-surfactants-market
 

Increasing application as wetting agents will spur the oilfield surfactants market analysis

According to analysis, wetting agents is anticipated to witness significant gains over 2.0% by 2026. Surfactants functions as oil wetting and water wetting agents in case of dispersed solids. Amines or tetraalkylammonium salts offer oil wettable solids. Wetting agents helps in stabilizing emulsions to manage rheological characteristics and fluid loss control. These factors will have a positive impact on oilfield surfactants market value.
 

“As per the analysis, oilfield surfactants market from drilling application accounted for a market share of nearly 48.0% in 2019, due to its rising demand in drilling muds and fluids to provide lubricity for better flow and pumpability for foam control and lowers water loss during the drilling.”
 

Rising shale gas production in North America to foster the market analysis

North America is projected to be the fastest growing region in global oilfield surfactants market, recording a CAGR of 3.5% through 2026. Increasing number of proved oil reserves in the region will stimulate the demand for surfactants as these are widely used in the enhanced oil recovery processes in improving the oil production.
 

U.S. shale gas production has grown widely in recent years due to decline in natural gas production levels in the region. In accordance with U.S. EIA, U.S. dry shale gas production was 20.95 trillion cubic feet (Tcf), nearly accounting for 69% of total U.S. dry natural gas production in 2018.
 

Key market participants in oilfield surfactants industry include Clariant AG, Halliburton, Solvay, Croda International PLC, Evonik Industries AG, Nouryon Holding B.V. and Schlumberger Limited.
 

Several market players are involved in various strategies and initiatives including innovative product launches, technological advancements, and mergers & acquisitions so as to maintain their hold in the global industry.
 

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