The Oilfield Biocides Market & Bio Solvents MarketPosted by Lohitha on August 8th, 2019 According to the new market research report by IndustryARC titled, “Oilfield Biocides and Bio Solvents Market: By Biocide (Glutaraldehyde, DBNPA, THPS, Chlorine, Quaternary Ammonium, Others); By Bio Solvent (Hydrocarbon, Alcohols, Glycols, Others); By Application (Drilling, Production, Fracturing, Completion, Others); By Geography - Forecast(2018-2023)”, the market growth is attributed to favorable regulations and government initiatives to encourage eco-friendly and bio-products. View Full Table Of Contents Of Oilfield Biocides Market & Bio Solvents Market: https://www.industryarc.com/Report/1306/oilfield-biocides-bio-solvents-market-analysis.html All the products that are used in oilfields are not specifically produced for the oilfield application, these can also be used in other applications such as paints, coatings, water treatment and more. The global oilfield biocides market and global bio-solvents market revenue was 5.8 million and 6.2 million respectively in 2017, and are estimated to grow at a CAGR of 5.0% and 7.0% respectively till 2023 and are projected to reach 6.37 million and 8.45 million by 2023. Among all the applications, production segment is dominating with a revenue of 4.5 million in 2017 and is projected to reach 2.16 million by 2023 at highest CAGR of 5.6%. North America continues to lead the market share and growth during 2018-2023 North America is dominating the both global Oilfield Biocides & Bio Solvents markets and were estimated to register 0.9 million and .1 million, respectively in 2017 and expected to reach 1.204 million and 9.66 million, respectively by 2023. North America is the major consumer and producer of oilfield biocides and bio-solvents across the world. It is due to high production of shale oil and gas activities in North America.
Biocides: The biocides are prepared using different blends and proportions of chemicals. The chemicals which are used here are the raw materials for the biocides. Chlorine Dioxide, Bromine, Peracetic acid, Glutaraldehyde (glut), Quaternary ammonium and so on, are used as the raw materials for preparing biocides. These chemicals with different proportions and blends result in biocides which are used in oilfields to kill the unwanted microorganisms at different instances based on the drilling area and climatic conditions. The end product biocide is supplied to the end users in oilfield such as ExxonMobil, PetroChina and so on, directly or by the biocide distributors such as Viachem, Shiv Shakti Trading Corporation and so on. Bio-Solvents: Raw materials for bio-solvents are derived from fruits and seeds such as soy bean, peanut, castor bean, orange peel and so on. These raw materials contain chemical compounds such as glycols, ethers, esters, ketones and so on. The chemical compounds are produced/ derived by companies such as India Glycols Limited (India), ADM (U.S.) and others. Using these chemical compounds, bio-solvents such as Absorb-OILTM, STEPOSOL® C-25, and so on are manufactured by companies like Stepan (U.S.), i-SOLV (Canada), and others. These bio-solvents reach to the end user companies such as Korea National Oil Company (South Korea), Murphy Oil (U.S.) and others. Bio-solvents reach the end user directly or through distributors such as Nexeo Solutions (Canada), Brenntag Canada Inc (Canada), Swift Australia (Australia), Biryong Corporation (Korea) and so on. Talk to one of our sales representative about the full report by providing your details in the below link: https://www.industryarc.com/support.php?id=1306 Excerpts on Market Growth Factors Mentioned in the Full Report: The growing shale gas initiatives and investments in China led to the demand for biocides, and also expect to grow in the near future which is the main driving factor for the market. Key Players of the Oilfield Biocides & Bio Solvents Market: Dow Chemicals and BASF are the two key market players that are dominating the oilfield biocides industry. Dow Chemical deals extensively in non-oxidizing biocides market which includes glutaraldehyde, THPS, DBNPA, and others. Dow supplies a wide range of chemicals, and hence, is usually priced more than the average market price. As the U.S. is the major consumer for oilfield biocides, due to its revolutionary fracking operations, and with Dow Company’s major business presence n the U.S., the company stood as the global oilfield biocides market leader. The product line of BASF is mostly into biocides, whereas the company is a specialist in supplying end user specific formulated products. Ecolab, one of the global leaders in specialty chemicals business, is now part of oilfield chemicals market with the recent acquisition of Nalco chemicals business, and all the biocide products are supplied under Nalco Champion Company. Media Contact: Mr. Venkat Reddy About IndustryARC: IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences &Healthcare. Like it? Share it! More by this author |