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Global Oilfield Corrosion Inhibitor Market Outlook 2022
SKU ID : QYR-19860865 | Publishing Date : 06-Jan-2022 | No. of pages : 111
Corrosion inhibitors are chemical compounds that are added in small concentration to a fluid to minimize or prevent the corrosion-related problems triggered by widely varying processing conditions and concentrations of salts and water at different stages of oil and gas production processes.
Oilfield corrosion inhibitors are widely used in the petroleum industry. From oil drilling, mining, gathering and transportation to refining, corrosion inhibitors are often used. Especially in the development of high-sulfur oil and gas fields, due to the severe corrosion of hydrogen sulfide gas to drill pipe equipment and tubing and casing, corrosion inhibitors resistant to hydrogen sulfide corrosion must be used. For oil and gas wells to be acidified, high temperature acidification corrosion inhibitors must be used; in addition，oilfield oily wastewater treatment and re-injection should also use corrosion inhibitors for anti-corrosion treatment.
Global key players of Oilfield Corrosion Inhibitor include Ecolab, GE (Baker Hughes), SUEZ Water Technologies & Solutions, Halliburton, Schlumberger and Lubrizol, etc. Top five players occupy for a share about 46%. North America is the largest market, with a share about 23%, followed by Asia-Pacific and Europe. In terms of product, Organic Corrosion Inhibitor is the largest segment, with a share over 82%. In terms of application, Oilfield Gathering and Transportation Systems is the largest market, with a share over 44%.
Market Analysis and Insights: Global Oilfield Corrosion Inhibitor Market
The global Oilfield Corrosion Inhibitor market was valued at US$ 1748.1 million in 2020 and it is expected to reach US$ 2325.3 million by the end of 2027, growing at a CAGR of 4.2% during 2021-2027.
Global Oilfield Corrosion Inhibitor Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Oilfield Corrosion Inhibitor Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027. by Application segment also provides consumption during the forecast period of 2016 to 2027. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Organic Corrosion Inhibitor
Inorganic Corrosion Inhibitors
Segment by Application
Oilfield Drilling System
Oilfield Gathering and Transportation Systems
Others
By Company
Ecolab
GE (Baker Hughes)
SUEZ Water Technologies & Solutions
Halliburton
Schlumberger
Lubrizol
Solenis
BASF
Clariant
ICL Advanced Additives
LANXESS
Lonza
Daubert Chemical
Production by Region
North America
Europe
China
Consumption by Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE
Oilfield corrosion inhibitors are widely used in the petroleum industry. From oil drilling, mining, gathering and transportation to refining, corrosion inhibitors are often used. Especially in the development of high-sulfur oil and gas fields, due to the severe corrosion of hydrogen sulfide gas to drill pipe equipment and tubing and casing, corrosion inhibitors resistant to hydrogen sulfide corrosion must be used. For oil and gas wells to be acidified, high temperature acidification corrosion inhibitors must be used; in addition，oilfield oily wastewater treatment and re-injection should also use corrosion inhibitors for anti-corrosion treatment.
Global key players of Oilfield Corrosion Inhibitor include Ecolab, GE (Baker Hughes), SUEZ Water Technologies & Solutions, Halliburton, Schlumberger and Lubrizol, etc. Top five players occupy for a share about 46%. North America is the largest market, with a share about 23%, followed by Asia-Pacific and Europe. In terms of product, Organic Corrosion Inhibitor is the largest segment, with a share over 82%. In terms of application, Oilfield Gathering and Transportation Systems is the largest market, with a share over 44%.
Market Analysis and Insights: Global Oilfield Corrosion Inhibitor Market
The global Oilfield Corrosion Inhibitor market was valued at US$ 1748.1 million in 2020 and it is expected to reach US$ 2325.3 million by the end of 2027, growing at a CAGR of 4.2% during 2021-2027.
Global Oilfield Corrosion Inhibitor Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Oilfield Corrosion Inhibitor Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027. by Application segment also provides consumption during the forecast period of 2016 to 2027. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Organic Corrosion Inhibitor
Inorganic Corrosion Inhibitors
Segment by Application
Oilfield Drilling System
Oilfield Gathering and Transportation Systems
Others
By Company
Ecolab
GE (Baker Hughes)
SUEZ Water Technologies & Solutions
Halliburton
Schlumberger
Lubrizol
Solenis
BASF
Clariant
ICL Advanced Additives
LANXESS
Lonza
Daubert Chemical
Production by Region
North America
Europe
China
Consumption by Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
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The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
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