Oil & Gas Biocides Market: Overview

Currently, the global oil & gas sector uses technology that enhances recovery processes; helps initiate the desulfurization and denitrification of oil; and helps in the control of the two processes by microorganisms. In oilfield activities and, essentially, during drilling and oil recovery, microorganisms can cause a severe impact on the oil recovery process through corrosion of equipment and piping systems and formation of bio-films on walls of storage tanks, piping systems, filters, and valves. Microorganisms can plug the flow and cause degradation of oilfield chemicals being used. In order to kill microorganisms, biocides are employed.

Oil & Gas Biocides Market: Trends & Demands

Rise in the demand for oil and gas led by industrialization, urbanization, and growth of population is driving the global drilling industry. This, in turn, is boosting the oil & gas biocides market. Additionally, rise in investments in the oil & gas sector is boosting the market. Harmful effects on the health and environment caused by the use of oil and gas biocides pose a challenge for the global oil & gas biocides market. Biocides can disrupt the endocrine system in humans. In addition, biocidal products are ecotoxic, allergic, and carcinogenic for humans.

Oil & Gas Biocides Market: Key Segments

The global oil & gas biocides market can be segmented based on type, application, and region. Based on type, the market can be classified into glutaraldehyde, chlorine, tetrakis (hydroxymethyl) phosphonium sulfate (THPS) biocide, quaternary ammonium, and others. Glutaraldehyde is largely used in the oilfield industry, owing to its excellent performance in both neutral and alkaline water. It is a pungent, colorless, and oily liquid. Subsequently, use of glutaraldehyde results in reduced accumulation of bio-films in oilfields. Also, it considerably reduces bacterial population and metabolic activity. This factor drives the oil & gas biocides market. The chlorine segment is expected to expand at a substantial CAGR during the forecast period. Rapid development of hydraulic fracturing and unconventional shale gas extraction have led to increased use of chlorine dioxide (ClO2) in the microbiological control technology.

Based on application, the global oil & gas biocides market can be segmented into drilling, hydraulic fracturing, pit treatment, enhanced oil recovery, and others. In drilling operations, biocide products are used to safeguard drilling mud properties during ongoing operations and prevent equipment damage caused by microbial spoilage.

Oil & Gas Biocides Market: Regional Outlook

In terms of region, the global oil & gas biocides market can be segmented into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. North America dominated the global oil & gas biocides market in 2017. The trend is estimated to continue during the forecast period, owing to abundance of shale reserves in the U.S. and presence of a large number of private oil companies in the region. As per Baker Hughes Inc. a General Electric Company, the oil rig count in the U.S. increased by approximately 42% in 2017 over that in 2016, owing to recovery in crude oil prices. Middle East & Africa is a major producer of oil across the world. Offshore developments and discoveries, particularly in the Red Sea area, by countries such as Qatar, the UAE, and Saudi Arabia, are anticipated to drive the oil & gas biocides market in the Middle East in the next few years.

Oil & Gas Biocides Market: Key Players

Major companies operating in the global oil & gas biocides market are Schülke & Mayr GmbH, BASF, Evonik Industries, The Dow Chemical Company, Akzo Nobel N.V., Croda International Plc, Stepan Company, Solvay, Nanotera Group, Nalco Champions, and Seatex Corp.

This intelligence report by TMR is the outcome of intense study and rigorous assessment of various dynamics shaping the growth of the market. TMR nurtures a close-knit team of analysts, strategists, and industry experts who offer clients tools, methodologies, and frameworks to make smarter decisions. Our objective, insights, and actionable analytics provide CXOs and executives to advance their mission-critical priorities with confidence.

The scrutiny of the various forces impacting the dynamics of the market, and key and associated industries, guides enterprises in understanding various consumer propositions. Our clients leverage these insights and perspectives to enhance customer experience in the fast-paced business environment.

All our insights and perspectives are broadly based on 4 Pillars or Stages: ASBC-S, which offer an elaborate and customizable framework for the success of an organization. The essence and the roles of these in organizational successes are highlighted below:

  • Agenda for CXOs: TMR, through the study, sets the tone for agendas that are pertinent to CEOs, CFOs, CIOs, and other CXO executives of businesses operating in the market. The perspectives help our clients to bridge the gap between agenda and action plan. TMR strives to offer guidance to CXOs to undertake mission-critical activities empowered by various business analysis tools, and boost the performance of the organizations. The perspectives guide you to decide on your own marketing mix that align well with the policies, visions, and mission.
  • Strategic Frameworks: The study offers how organizations are setting both short-term and long-term strategic plans. Our team of experts collaborate and communicate with you to understand these to make your organizations sustainable and resilient during tough times. The insights help them decide sustainable competitive advantage for each business units.
  • Benchmarking for Deciding Target Markets and Brand Positioning: The assessments in the study provides a scrutiny of marketing channels and marketing mix. Our various teams work synergistically with you to help identify your actual and potential direct, indirect, and budget competition areas. Additionally, the study helps you decide most effective budgets for various processes and promotional activities. Furthermore, the study guides you to set benchmarks for integrating people and processes with the 4Ps of marketing. Eventually, this will empower you to find out unique propositioning strategies and niches.
  • Business Composability for Sustainability (C-S): Constant strategy planning for sustainability characterizing our C-S framework in the report has become more relevant than before in the face of disruptions caused by pandemics, recessions, boom and bust cycles, and changing geopolitical scenario. The TMR study offers a high level of customization to help you achieve business composability. Composable enterprises are increasingly gaining the attention of CXOs in order to help them combat market volatility. Our analysts and industry experts help you wade through such uncertainties and guide you to become a smart sustainable business in entirety.

The study presents scrutiny of region-specific consumer and technology trends, including the most recent industry dynamics. These broadly cover but not limited to

  • North America, South America, and the Americas
  • Asia Pacific and Japan
  • Europe
  • Latin America
  • Middle East and Africa

The study offers data-driven insights and guidance of several aspects. Some of the more notable questions are:

  • What are the major recent trends that can influence the product life cycle and the RoI?
  • Which regulatory trends shape corporate-level, business-level, and functional-level strategies?
  • Which micromarketing initiatives of leading players will bring in investments?
  • What can be the best framework and tools for PESTLE analysis?
  • Which regions will witness rise in new opportunities?
  • Which are the game-changing technologies being used to capture new revenue streams in the near future?
  • Which operational and tactical frameworks are being adopted by various players in gaining customer loyalty?
  • What is the current and expected intensity of competition the market in the near future?

With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.

TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.

Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:

Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.

Perfect Market Size Estimations: The report analyzes the demographics, growth potential, and capability of the market through the forecast period. This factor leads to the estimation of the market size and also provides an outline about how the market will retrieve growth during the assessment period.

Investment Research: The report focuses on the ongoing and upcoming investment opportunities across a particular market. These developments make the stakeholders aware of the current investment scenario across the market.

Disclaimer: This market research study is an ongoing effort and extreme care has been taken to maintain the highest levels of accuracy at all stages. However, in the light of the rapidly evolving business dynamics, some region-specific or other segment-specific changes may take time to be part of the study.

Enquiry Before Buying

TMR offers Enquiry Before Buying that help clients to get information on their business scenario required where syndicated solutions are not enough.

Enquiry Before Buying

Oil & Gas Biocides Market