US Oilfield Chemicals Market

NEW YORK, Nov. 23, 2011 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:

US Oilfield Chemicals Market

http://www.reportlinker.com/p0151108/US-Oilfield-Chemicals-Market.html#utm_source=prnewswire&utm_medium=pr&utm_campaign=Petrochemical

US demand to exceed $13 billion in 2015

Demand for oilfield chemicals in the US is expected to surpass $13 billion in 2015. The oilfield chemical market suffered a downturn in 2009 due to the precipitous decline in oil and gas prices. However, oil prices have rebounded and shale gas development has proceeded at a rapid rate. Both of these factors have served to boost oilfield chemical demand despite a substantial slowdown in offshore activity since mid-2010 and low natural gas prices.

Challenges abound for domestic producers

The era of easy oil production in the US has been gone for decades. Since 1970, domestic crude oil output has generally fallen due to depleting reservoirs, environmental restrictions and a lack of investment. The natural gas situation is somewhat more complex. Limited ability to import natural gas has prompted greater reliance on maintaining domestic production levels. Conventional production has begun to suffer from an increasingly mature resource base. Improved technologies have boosted initial well flows, but they have also substantially accelerated depletion rates, forcing producers to drill more wells just to keep natural gas output at existing levels. However, sharp gains in unconventional gas production -- especially in shale plays such as the Haynesville and Marcellus Shales -- are expected to allow for growth in overall natural gas production.

Oilfield chemicals optimize production in new and extant plays

Continued growth in rig counts, the expanded use of well stimulation techniques and the ongoing push into other unconventional environments will provide a wide range of opportunities for the suppliers of both formulated oilfield chemicals and their raw materials. The fastest among these gains for formulated products will be from stimulation chemicals, due to overall growth in stimulation activity and the increased use of more sophisticated technologies such as multistage hydraulic fracturing of horizontal wells. Such increases will also drive gains for the raw materials (such as barite, surfactants and polymers) needed to formulate all oilfield chemicals.

Oil prices and shale gas development to boost demand

Oil prices soared to nearly $140 per barrel in mid-2008, before dropping below $35 in early 2009. This led to a substantial curtailment of drilling activity, but renewed strength in oil prices -- which are expected to remain high through the forecast period -- will boost drilling activity and, in turn, demand for oilfield chemicals. Although natural gas prices have generally remained low, the enthusiasm in the industry for the development of shale gas plays, such as the Haynesville Shale in Texas and Louisiana, and the Marcellus Shale in several Eastern states, has led to rapid growth in gas drilling activity and increased shale gas production. This heightened level of activity is expected to continue as natural gas prices rise, making shale gas development more economically attractive.

Study coverage

Details on these and other findings are contained in the new study, Oilfield Chemicals. The upstream environment of the US oil and gas industry is discussed in detail, including projections assessing future levels of oilfield activity and the effects of emerging trends. The study provides historical data plus forecasts (2015 and 2020) for formulated products and for raw materials. In addition, the study assesses market environment factors, evaluates company market share data and profiles major US oilfield chemical suppliers.

TABLE OF CONTENTS

INTRODUCTION ix

I. EXECUTIVE SUMMARY 1

II. MARKET ENVIRONMENT 4

General 4

Macroeconomic Environment 5

Petroleum & Natural Gas Outlook 9

Natural Gas 11

Exploration & Reserves 14

Production 16

Drilling 20

Pricing 22

Petroleum 25

Exploration & Reserves 28

Production 31

Drilling 35

Pricing 38

Oilfield Services Outlook 40

Enhanced Oil Recovery 42

Historical Market Trends 45

Raw Material Pricing Trends 49

Formulated Product Pricing Trends 51

Environmental & Regulatory Considerations 52

Foreign Trade 58

International Environment 59

World Oil & Gas Reserves 60

Petroleum 60

Natural Gas 62

World Oil & Gas Production 65

World Oilfield Chemicals Outlook 69

III. TECHNOLOGY 72

General 72

Well Drilling 74

Directional Drilling 75

Horizontal Drilling 75

Expandable Technologies 77

Coiled Tubing Drilling 78

Dual-Gradient Drilling 79

Other Drilling Technologies 80

Drilling Fluids 81

Well Completion & Workover 83

Coalbed Methane 85

Shale Formations 86

Well Stimulation 88

Hydraulic Fracturing 89

Nitrogen Fracturing 92

Acidizing 93

Types 93

Uses 94

Retardation of Acid Reactions 96

Fracture Acidizing 98

Other Well Stimulation Techniques & Technology 98

Well Stimulation Fluids 100

Fracturing Fluids 101

Foamed Fracturing Fluids 104

Acidizing Fluids 104

Foamed Acidizing Fluids 105

Enhanced Oil Recovery 105

Thermal Recovery 106

Gas Recovery 107

Chemical Recovery 107

Other EOR Methods 108

Other Oilfield Technologies 109

IV. OILFIELD CHEMICAL PRODUCTS 112

General 112

Stimulation Chemicals 115

Base Fluid Materials 118

Additives 119

Drilling Fluids 121

Product Characteristics 123

Demand by Type 125

Water-Based 128

Synthetic-Based 129

Oil-Based 130

Demand by Location 132

Market Share 134

Production Chemicals 137

Corrosion & Scale Inhibitors 140

Demulsifiers & Related Products 142

Lubricants 144

Asphaltene & Paraffin Inhibitors 146

Biocides 148

Defoamers 150

Other 152

Market Share 154

Cementing Chemicals 156

Enhanced Oil Recovery (EOR) Products 158

Completion & Workover Fluids 161

Product Characteristics 162

Market Share 163

V. OILFIELD CHEMICAL RAW MATERIALS 166

General 166

Specialty Chemicals 168

Surfactants 170

Other Specialty Chemicals 173

Commodity Chemicals 176

Cement 179

Barite 183

Acids 186

Bromine Compounds 188

Clays 190

Calcium Chloride 192

Other Commodity Chemicals 194

Polymers 196

Natural Gums 199

Xanthan Gum 201

Guar Gum 201

Other Gums 202

Cellulose Polymers 202

Polyacrylamides 205

Other Polymers 207

Gases 209

Nitrogen 212

Carbon Dioxide 214

Other Raw Materials 217

VI. INDUSTRY STRUCTURE 220

General 220

Market Share 223

Formulated Product Market Share 225

Raw Material Market Share 228

Industry Restructuring 229

Cooperative Agreements 233

Marketing & Distribution 234

Research & Development 236

Competitive Strategies 238

Company Profiles 241

Adomite, see Nalco Holding

Air Products and Chemicals Incorporated 242

Akzo Nobel NV 243

Albemarle Corporation 245

AMCOL International Corporation 247

American Colloid, see AMCOL International

Ashland Incorporated 249

Baker Hughes Incorporated 252

BASF SE 257

Berkshire Hathaway Incorporated 259

Capitol Aggregates Limited 260

CEMEX SAB de CV 261

Champion Technologies Incorporated 262

Chemtura Corporation 264

Chevron Phillips Chemical Company LLC 265

Clariant International Limited 267

Croda International plc 269

Dow Chemical Company 271

Drilling Specialties, see Chevron Phillips Chemical

DuPont (EI) de Nemours 273

Elementis plc 274

Emery Oleochemicals Group 276

Enerchem International Incorporated 277

Excalibar Minerals, see Newpark Resources

GEO Drilling Fluids Incorporated 278

Halliburton Company 279

International Specialty Products, see Ashland

Israel Chemicals Limited 283

Kemira Oyj 285

Kinder Morgan Energy Partners LP 287

Koch Industries Incorporated 288

Lafarge SA 290

M-I SWACO, see Schlumberger

Messina Incorporated 291

Nalco Holding Company 293

National Oilwell Varco Incorporated 295

Newpark Resources Incorporated 296

Nexeo Solutions LLC 299

Patterson-UTI Energy Incorporated 300

Praxair Incorporated 301

Roemex Limited 302

Schlumberger Limited 303

Smith International, see Schlumberger

Solvay SA 307

TETRA Technologies Incorporated 309

Texas Industries Incorporated 311

Weatherford International Limited 312

Other Companies Mentioned in Study 315

LIST OF TABLES

SECTION I -- EXECUTIVE SUMMARY

Summary Table 3

SECTION II -- MARKET ENVIRONMENT

1 Macroeconomic Indicators 9

2 US Oil & Natural Gas Field Production 11

3 US Natural Gas Supply & Demand 13

4 Natural Gas Drilling Indicators 21

5 US Petroleum Supply & Demand 27

6 Petroleum Drilling Indicators 37

7 Oilfield Services Indicators 42

8 US Enhanced Oil Recovery (EOR) Outlook 45

9 Oilfield Chemical Market, 2000-2010 47

10 Selected Oilfield Chemical Raw Material Prices 51

11 Selected Oilfield Chemical Product Prices 52

12 Petroleum Reserves by Country, 2010 62

13 Natural Gas Reserves by Country, 2010 64

14 World Oil & Gas Production 69

SECTION IV -- OILFIELD CHEMICAL PRODUCTS

1 Formulated Oilfield Chemical Demand by Type 114

2 Oilfield Stimulation Chemical Demand 118

3 Drilling Fluid Demand 123

4 Selected Drilling Fluid Additives & Their Functions 125

5 Drilling Fluid Demand by Type 126

6 Water-Based Drilling Fluid Demand 129

7 Synthetic-Based Drilling Fluid Demand 130

8 Oil-Based Drilling Fluid Demand 131

9 Drilling Fluid Demand by Location 134

10 Oilfield Production Chemical Demand by Type 139

11 Corrosion & Scale Inhibitor Demand in Oilfield Applications 142

12 Demulsifier & Related Product Demand

in Oilfield Applications 144

13 Lubricant Demand in Oilfield Applications 146

14 Asphaltene & Paraffin Inhibitor Demand

in Oilfield Applications 148

15 Biocide Demand in Oilfield Applications 150

16 Defoamer Demand in Oilfield Applications 152

17 Other Oilfield Production Chemicals Demand 154

18 Oilfield Cementing Chemical Demand 158

19 Enhanced Oil Recovery (EOR) Products Demand 161

20 Completion & Workover Fluid Demand 162

SECTION V -- OILFIELD CHEMICAL RAW MATERIALS

1 Oilfield Chemical Raw Material Demand by Type 167

2 Specialty Chemical Demand in Oilfield Applications 169

3 Surfactant Demand in Oilfield Applications 173

4 Other Specialty Chemical Demand in Oilfield Applications 176

5 Commodity Chemical Demand in Oilfield Applications 178

6 Cement Demand in Oilfield Applications 183

7 Barite Demand in Oilfield Applications 186

8 Acid Demand in Oilfield Applications 188

9 Bromine Compound Demand in Oilfield Applications 190

10 Clay Demand in Oilfield Applications 192

11 Calcium Chloride Demand in Oilfield Applications 194

12 Other Commodity Chemical Demand in Oilfield Applications 196

13 Polymer Demand in Oilfield Applications 198

14 Natural Gum Demand in Oilfield Applications 200

15 Cellulose Polymer Demand in Oilfield Applications 205

16 Polyacrylamide Demand in Oilfield Applications 207

17 Other Polymer Demand in Oilfield Applications 209

18 Gases Demand in Oilfield Applications 212

19 Nitrogen Demand in Oilfield Applications 214

20 Merchant Carbon Dioxide Demand in Oilfield Applications 217

21 Other Raw Material Demand in Oilfield Applications 219

SECTION VI -- INDUSTRY STRUCTURE

1 US Oilfield Chemical Sales by Company, 2010 222

2 Selected Acquisitions & Divestitures 231

3 Selected Cooperative Agreements 234

4 Research & Development Expenditures for Selected Oilfield

Chemical Firms 238

LIST OF CHARTS

SECTION II -- MARKET ENVIRONMENT

1 US Natural Gas Production by Type, 2000-2020 14

2 US Natural Gas Reserves, 2000-2010 15

3 US Natural Gas Reserves by State, 2010 16

4 US Natural Gas Production, 2000-2010 18

5 Natural Gas Producing States, 2010 19

6 Natural Gas Drilling Indicators, 2000-2010 21

7 Natural Gas Wellhead Prices, 2000-2010 23

8 Natural Gas & Crude Oil Pricing, 2000-2010 25

9 US Crude Oil Imports by Source, 2010 28

10 US Petroleum Reserves, 2000-2010 30

11 US Crude Oil Reserves by State, 2010 31

12 US Petroleum Production, 2000-2010 33

13 Crude Oil Producing States, 2010 34

14 Petroleum Drilling Indicators, 2000-2010 37

15 Petroleum Prices, 2000-2010 40

16 Oilfield Chemical Market, 2000-2010: Formulated Product

Demand and Oil & Gas Production 48

17 Oilfield Chemical Market, 2000-2010: Formulated Product

Demand, Oil Prices & Active Rig Count 49

SECTION IV -- OILFIELD CHEMICAL PRODUCTS

1 Formulated Oilfield Chemical Demand by Type, 2010 115

2 Drilling Fluid Demand by Type, 2010: Value & Volume 127

3 Drilling Fluid Market Share, 2010 137

4 Oilfield Production Chemical Demand by Type, 2010 140

5 Oilfield Production Chemical Market Share, 2010 156

6 Completion & Workover Fluids Market Share, 2010 165

SECTION V -- OILFIELD CHEMICAL RAW MATERIALS

1 Oilfield Chemical Raw Material Demand by Type, 2010 168

2 Commodity Chemical Demand in Oilfield Applications, 2010 179

3 Polymer Demand in Oilfield Applications, 2010 199

SECTION VI -- INDUSTRY STRUCTURE

1 US Formulated Oilfield Chemical Market Share, 2010 226

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