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Increasing demand for biocides from the oil & gas industry to drive the global Oilfield Biocides market during the forecast period 2022-2030

Market Research Future (MRFR) has published a cooked research report on the “global Oilfield Biocides market” that contains information from 2019 to 2030. The Oilfield Biocides market is estimated to register a CAGR of 6.4% during the forecast period of 2023 to 2030.


MRFR recognizes the following companies as the key players in the global Oilfield Biocides market--DowDuPont Inc, Solvay, BASF SE, Lonza, Kemira OYJ, VINK CHEMICALS GmbH & Co. KG, Evonik Industries AG, BWA Water Additives, Pilot Chemical Corp, Stepan Company, and Nouryon. and others.


Oilfield Biocides Market Highlights


The Oilfield Biocides Market is accounted to register a CAGR of 6.4% during the forecast period and is estimated to reach USD 5,15,239.05 Thousand thousand by 2022.


The growth of the global oilfield biocides market is mainly driven by the growth of the oil and gas industry due to increasing energy demand mainly in India and China on account of rapid industrialization. The increasing investment in the exploration and production of unconventional resources due to rising concern regarding depleting conventional resources is likely to increase the adoption of hydraulic fracturing technology in the oil and gas industry. The surge in the use of hydraulic fracturing has resulted in increased demand for water, which is derived from rivers, lakes, and ponds, and recovered from previous fracturing treatments, which is expected to fuel the demand for oilfield biocides.


The increasing oil & gas production and extraction activities in the developing countries of Asia-Pacific and the Middle East & Africa are likely to create lucrative opportunities for the players operating in the global oilfield biocides market.


However, increasing preference for renewable energy sources to reduce greenhouse gas emissions is expected to hamper the global market growth in the coming years.


Segment Analysis


The global Oilfield Biocides market has been segmented based on types, and applications.


Based on types, the market is segmented into, the global Oilfield Biocides market has been segmented into Glutaraldehyde, THPS [Tetrakis (hydroxymethyl) phosphonium sulfate], TTPC [Tributyl Tetradecyl Phosphonium Chloride], DBNPA, QAC (Quaternary Ammonium Compounds), Bronopol and Others). Glutaraldehyde accounted for the largest market share in terms of tonnage and value in 2021 and is expected to maintain its dominance throughout the forecast period as estimated by MRFR analysts.


Further, we estimate that the market segment would continue to pool in the largest chunk of revenue during the forecast period. It has been identified that the segment market yet witnesses continuous innovations and movements in terms of new product launches.  


Further, based on the application, the market is segmented into upstream, midstream, and downstream. Upstream applications accounted for the largest market share in the global market which is followed by the downstream operations during the forecast period.


Regional Analysis


The global oilfield biocides market, based on region, has been divided into North America, Europe, Asia-Pacific, Latin America, Middle East & Africa. North America consists of US and Canada. The Europe Oilfield Biocides market comprises Germany, France, the UK, Italy, Spain, and the rest of Europe. The Oilfield Biocides market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Middle East and Africa consist of GCC Countries, South Africa, and Rest of the Middle East and Africa. The Latin America market covers Brazil, Mexico, Argentina, and the Rest of Latin America.


The imperative factors, such as the growth of the oil and gas industry with an increase in oil drilling activities and government support are boosting the growth of the North American region.


Moreover, the Europe market has been persistently growing owing to factors such as rapid industrialization due to the growing advancement in technology in upstream exploration activities.


Additionally, market factors, such as the growing oil and gas exploration activities in developing countries are projected to create lucrative opportunities for the market players in the Asia-Pacific region’s growth.


Furthermore, the Middle East, Africa, and Latin America are driven by growing technological advancements and the presence of oil reserves is positively contributing to the market growth.


Key Findings of the Study



  • The global oilfield biocides market is expected to reach USD 7,13,200.10 thousand by 2027, at a CAGR of 6.4% during the forecast period.

  • The Asia-Pacific region accounted for the fastest-growing global market, with growth in diverse applications in end-use industries in developing countries such as India, China, and others.

  • Based on application, the upstream segment was attributed to holding the largest market in 2021, with an approximate market share.

  • DowDuPont Inc, Solvay, BASF SE, Lonza, Kemira OYJ, VINK CHEMICALS GmbH & Co. KG, Evonik Industries AG, BWA Water Additives, Pilot Chemical Corp, Stepan Company, and Nouryon. and others are the key market players.


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