The Canadian oilfield chemicals market size is projected to reach USD 1.79 billion by 2025, registering a CAGR of 3.9% over the forecast period, as per a new report by Grand View Research, Inc. Growing exploration in the states such as Alberta, Newfoundland, British Columbia, and Manitoba is expected to promote the demand for chemicals used in the aforementioned processes. The industry is characterized by the production of bio-based products which is expected to limit the demand for the oilfield chemicals. However, increasing complexity of the exploration processes coupled with the rise in the demand for oil in Mexico is expected to result in an increased demand for such chemicals over the forecast period. The crude oil prices have been witnessing a steady decline due to overproduction and oversupply from OPEC members and North America, making the market less lucrative for E&P activities. As a result, the key players in the industry have adopted sustainable resolutions keeping in mind the long-term aids and the dominant regulatory situation Large reserves of unconventional hydrocarbon reserves in the form of shale gas, tight oil and oil sands is likely to drive the industry growth. In addition, high investments from multinational oil and gas majors such as Imperial Oil, ExxonMobil, and Suncor is expected to steer drilling activities over the forecast period which is further expected to drive growth. Further key findings from the report suggest: • The use of corrosion inhibitor in the country is expected to realize market revenues of USD 415.0 Million by 2025 on account of high concerns regarding scale removal and pipeline protection • The demand for oilfield chemicals in drilling is expected to grow at a CAGR of 3.9% from 2019 to 2025 on account of growth in the exploration activities driven by the demand for oil in North America • The demand for the products for onshore exploration accounted for a revenue share of 91.4% of the overall market on account of the presence of majority of the oil wells onshore • The segment development is mainly driven by the increasing E&P activities in unconventional reserves for shale gas, tight gas and CBM and large number of mature wells across the country • Some of the companies operating in the Canadian oilfield chemicals industry include BASF, Dow Chemical Company, Lubrizol Canada, Ltd., and are integrated across the value chain to provide a number of services
Table of Contents Chapter 1 Methodology and Scope 1.1 Research Methodology 1.2 Research Scope and Assumptions 1.3 List of Data Sources Chapter 2 Executive Summary Chapter 3 Market Variables, Trends, and Scope 3.1 Market Segmentation 3.2 Market Size and Growth Prospects, 2014 - 2025 3.3 Canadian Oil & Gas Industry Overview 3.4 Recent Developments & Trend Analysis 3.5 Value Chain Analysis 3.6 Regulatory Scenario 3.7 Raw Material Trends 3.8 Technology Overview 3.8.1 Scope for Bio-Based Oilfield Chemicals & Recent Developments 3.9 Canadian Oilfield Chemicals Market Dynamics 3.9.1 Market Driver Analysis 18.104.22.168 Rising Crude Oil Production 22.214.171.124 Shift in Trend towards Unconventional Hydrocarbon Resources 126.96.36.199 Increasing Complexity in Operations 3.9.2 Market Restraint Analysis 188.8.131.52 Costly Disposal Procedures for Chemicals 184.108.40.206 Stringent Regulations against Harmful Chemicals 3.10 Industry Porter's Analysis 3.11 PESTEL Analysis 3.12 Opportunity Assessment Chapter 4 Canadian Oilfield Chemicals Market: By Product Estimates & Trend Analysis 4.1 Canadian oilfield chemicals market by product analysis, 2018 & 2025 4.1.1 Canada Oilfield Chemicals Market Estimates & Forecasts, by Product, 2014 - 2025 (USD Million) 4.1.2 Corrosion & Scale Inhibitors 4.1.3 Demulsifiers 4.1.4 Biocides 4.1.5 Surfactants 4.1.6 Polymers 4.1.7 Others Chapter 5 Canadian Oilfield Chemicals Market: By Application Estimates & Trend Analysis 5.1 Canadian oilfield chemicals market by application analysis, 2018 & 2025 5.1.1 Canada Oilfield Chemicals Market Estimates & Forecasts, by Application, 2014 - 2025 (USD Million) 5.1.2 Drilling 5.1.3 Production 5.1.4 Cementing 5.1.5 Workover and completion 5.1.6 Enhanced Oil Recovery 5.1.7 Hydraulic fracturing 5.1.8 Water treatment 5.1.9 Others Chapter 6 Canadian Oilfield Chemicals Market: By Location Estimates & Trend Analysis 6.1 Canadian Oilfield Chemicals market: by location analysis, 2018 & 2025 6.1.1 Canada Oilfield Chemicals Market Estimates & Forecasts, by Location, 2014 - 2025 (USD Million) 6.1.2 Onshore 6.1.3 Offshore Chapter 7 Competitive & Vendor Landscape 7.1 Competitive Environment 7.2 Strategic Framework 7.2.1 Sourcing Strategy 7.2.2 Product Strategy 7.2.3 OPERATIONAL Strategy 7.2.4 Expansion Strategy 7.3 Vendor Landscape Chapter 8 Company Profiles 8.1 BASF SE 8.1.1 Company Overview 8.1.2 Financial Performance 8.1.3 Product Benchmarking 8.2 Dow Chemical Company 8.2.1 Company Overview 8.2.2 Financial Performance 8.2.3 Product Benchmarking 8.3 Lubrizol Corporation 8.3.1 Company Overview 8.3.2 Financial Performance 8.3.3 Product Benchmarking 8.4 AkzoNobel N.V. 8.4.1 Company Overview 8.4.2 Financial Performance 8.4.3 Product Benchmarking 8.5 Stepan Company. 8.5.1 Company Overview 8.5.2 Financial Performance 8.5.3 Product Benchmarking 8.6 Schlumberger Limited. 8.6.1 Company Overview 8.6.2 Financial Performance 8.6.3 Product benchmarking 8.7 Halliburton 8.7.1 Company Overview 8.7.2 Financial Performance 8.7.3 Product Benchmarking 8.8 Kemira Oyj 8.8.1 Company Overview 8.8.2 Financial Performance 8.8.3 Product Benchmarking 8.9 Solvay 8.9.1 Company Overview 8.9.2 Financial Performance 8.9.3 product Benchmarking 8.10 Clariant 8.10.1 Company Overview 8.10.2 Financial Performance 8.10.3 Product Benchmarking 8.11 Baker Hughes. 8.11.1 Company Overview 8.11.2 Financial Performance 8.11.3 product Benchmarking 8.12 Croda International Plc. 8.12.1 Company Overview 8.12.2 Financial Performance 8.12.3 product Benchmarking 8.13 PureChem Services. 8.13.1 Company Overview 8.13.2 product Benchmarking 8.14 COSL CANADA Ltd. 8.14.1 Company Overview 8.14.2 Financial Performance 8.15 Kraton Corporation 8.15.1 Company Overview 8.15.2 Financial Performance and R&D activities 8.15.3 Product Benchmarking 8.16 NuGenTec 8.16.1 Company Overview 8.16.2 Product Benchmarking 8.17 Arkema 8.17.1 Company Overview 8.17.2 Financial Performance and R&D Activities 8.17.3 Product Benchmarking
List of Tables Table 1 Major raw materials used in oilfield chemicals Table 2 Potential applications of biotechnology in petroleum refinery Table 3 Canada oilfield chemicals market estimates and forecast, by product, 2014 - 2025 (USD Million) Table 4 Canada oilfield chemicals market estimates and forecast, by application, 2014 - 2025 (USD Million) Table 5 Canada oilfield chemicals market estimates and forecast, by location, 2014 - 2025 (USD Million)
List of Figures Fig. 1 Canadian oilfield chemicals market segmentation Fig. 2 Canadian oilfield chemicals market revenue, 2014 - 2025 (USD Million) Fig. 3 Canadian oil & gas producers, 2018 Fig. 4 Canadian crude oil production, by region, 2018, Million b/d Fig. 5 Canadian oilfield chemicals: ongoing trends Fig. 6 Canadian oilfield chemicals: value chain analysis Fig. 7 Bio-mass based oilfield chemicals: Supply chain analysis Fig. 8 Canadian oilfield chemicals scenario Fig. 9 Industry transformation for oilfield chemicals Fig. 10 Canadian CES treatment points Fig. 11 Canadian oilfield chemicals market dynamics Fig. 12 Canadian crude oil production (2007 - 2018), thousands of barrels per day Fig. 13 Canadian crude oil production by provinces (2018) (%) Fig. 14 PORTER'S analysis: Canadian oilfield chemicals market Fig. 15 PESTEL Analysis: Canadian Oilfield Chemicals market Fig. 16 Oilfield chemicals market - Key opportunities prioritized Fig. 17 Strategy framework"
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