Bio-solvents are used in oilfield operation during enhanced oil recovery processes as well as cleaners for oilfield equipment. Application of biocides in oilfield activities include its injection during oil recovery, fracking, drilling, pit treatment, and others. In the oilfield activities and especially during drilling and oil recovery, microorganisms can have a severe impact on the oil recovery process due to microbial corrosion of the equipment and the piping systems and by formation of bio-films on the walls of storage tanks, on the filters and valves. Thus, plugging the flow and causing degradation of the oilfield chemicals being used and corrosion of the pipes. Biocides are used to kill these microorganisms to prevent these situations.
Market Scope and Structure Analysis
Oilfield biocides and bio-solvents are being used on a large scale in oil & gas industry along with many other sectors and it is expected to drive the oilfield biocides and bio-solvents Market’s significant growth in the next upcoming years.
COVID-19 Impact Analysis
- The outbreak of the COVID-19 pandemic has severely affected the business of almost all industries, while the COVID-19 pandemic crisis unfolds, regulatory bodies all over the world are in the compulsion to impose strict lockdown and travel bans. Moreover, this has drastically affected the growth of the oilfield biocides and bio-solvents market.
- Due to the COVID-19 pandemic, the supply chain systems were, disrupted as a number of fundamental equipment and materials are profoundly dependent on imports from other countries. Furthermore, the strict instruction of the governing bodies to follow social distancing norms forced the industries to work with minimal workforce, which led to the decrease in the production rate of the industries. Thus, all these factors negatively contribute to the growth of the oilfield biocides and bio-solvents market.
- However, after the COVID-19 pandemic, the diversified and innovative applications of oilfield biocides and bio-solvents such as drilling, production, hydraulic fracturing, enhanced oil recovery, degreasing & cleaning of equipment and others will foster the growth of the oilfield biocides and bio-solvents market.
Top Impacting Factors
- Strict regulations on volatile organic compound (VOC) content in different materials, since bio-solvents are made from renewable feed stocks.
- One major challenge for the biocide and bio-solvent industry in oilfields is the shift from crude oil to other renewable sources for various applications including fuel production and the rising market for oleo chemicals replacing the petrochemical demand. This affects the oilfield biocide and bio-solvent market adversely as the consumption of crude oil reduces thus directly affecting the demand for biocides and bio-solvents in oilfield operations adversely.
- Application of bio-solvents in the oilfield operation include during enhance oil recovery and during cleaning of equipment part to remove mud, soil, grease, polymers and other residues.
Market Trends
- In recent years, people’s awareness of air quality and air pollution has led many governments to implement strict regulations on VOC solvents and their use in various fields of R&D trend and production of bio solvents with very low or no VOC content.
- There is an increase in the oil drilling as, many new drilling sites are being explored, and operations are in progress. In addition to the trend in fracturing operations, this trend in the oil and gas industry is also important for hydraulic systems for natural gas production. Positive factors. For the oilfield Biocide and bio solvent market, although ecologists have noticed similar setbacks in this activity.
Key Benefits of the Report
- This study presents the analytical depiction of the oilfield biocides and bio-solvents industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the oilfield biocides and bio-solvents market share.
- The current market is quantitatively analyzed to highlight the oilfield biocides and bio-solvents market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed oilfield biocides and bio-solvents market analysis based on competitive intensity and how the competition will take shape in coming years
Questions answered in the oilfield biocides and bio-solvents Report
- Who are the leading market players active in the oilfield biocides and bio-solvents market?
- What current trends will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What future projections would help in taking further strategic steps?
- Upcoming Report specific FAQs Examples: Can be utilized randomly 4-5 FAQs per RD OR other from own suggestions, suitable for upcoming report.
- What is “oilfield biocides and bio-solvents "?
- What does “oilfield biocides and bio-solvents " allow organizations to achieve?
- Which technologies combine to make “oilfield biocides and bio-solvents “a critical organizational asset?
- What is “oilfield biocides and bio-solvents " Market prediction in the future?
- Who are the leading global players in the “oilfield biocides and bio-solvents “Market?
- What are the current trends and predicted trends?
- What are the challenges faced in the “oilfield biocides and bio-solvents “Market?
- What are the key benefits of the “oilfield biocides and bio-solvents “Market report?
- What will be the anticipated growth rates for your own oilfield biocides and bio-solvents Market economy altogether and for every segment inside?
- Which will be the niches at which players profiling with recent advancements should set a presence?
- What are the driving factors and opportunities in the market?
- Upcoming Report specific FAQs Examples: Can be utilized randomly 4-5 FAQs per RD OR other from own suggestions, suitable for upcoming report.
Oilfield Biocides and Bio-Solvents Market Report Highlights
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 Key Market Players | BASF, Ashburn Chemicals, Stepan Company, Dow chemicals, Seatex Corp, Pilot Chemicals, Solvay, Nalco Champions, Croda Chemicals, Nanotera Group |
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