Oilfield Biocides Market Growth Analysis | Trends, Drivers and Vendor Forecasts for 2020-2024

Technavio has been monitoring the oilfield biocides market and it is expected to grow by $ 125.13 mn, accelerating at a CAGR of almost 4% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking View Free Sample Report

Oilfield Biocides Market: Key Trends to impact market growth

The is one of the key oilfield biocides market market trends. This research report provides a detailed impact analysis of all the trends that are likely to influence the growth of the market in focus.

Oilfield Biocides Market: Top Drivers to Boost Demand

The Increasing adoption of oxidizing oilfield biocides is one of the primary factors driving the growth of the oilfield biocides market. The report provides a detailed study of all the factors that are likely to boost the market. This analysis will enable clients to leverage growth opportunities to their advantage and set their business

Vendor Analysis: Akzo Nobel NV, BASF SE and Clariant International Ltd. are key growth contributors

The market is fragmented. The research report provides insights into the top market player and their product portfolio along with a pipeline analysis of upcoming developments and growth opportunities. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Akzo Nobel NV, BASF SE, Clariant International Ltd., Dow Inc., DuPont de Nemours Inc., Evonik Industries AG, Halliburton Co., Kemira Oyj, Solvay SA, and The Lubrizol Corp. are some of the major market participants.

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Oilfield Biocides Market: Key Highlights of the Report for 2020-2024

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will drive oilfield biocides market growth during the next five years
• Precise estimation of the oilfield biocides market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the oilfield biocides market industry across North America, Europe, APAC, MEA, and South America
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of oilfield biocides market vendors

Oilfield Biocides Market Size to Grow by Over $ 125 Million through 2024

The Global Oilfield Biocides Market is expected to grow by USD 125.13 million, accelerating at a CAGR of almost 4% during the forecast period. Technavio evaluates the market with a detailed investigation into the market forces, emerging trends, and growth drivers. It also provides competitive benchmarking to equip clients with actionable insights that will help them navigate through the current market scenario. Preview our latest report

"The increasing adoption of oxidizing oilfield biocides will drive the growth prospects for the Global Oilfield Biocides Market in the forthcoming years. 62% of the market growth will originate from North America during the forecast period", says senior research analyst for the materials Industry at Technavio.

Oilfield Biocides Market:TypeSegment Highlights

• Type Segmentation: Glutaraldehyde, Chlorine, THPS, Quaternary ammonium, and Others
• Glutaraldehyde is used as an effective biocide in the oilfield industry due to its excellent performance in both neutral and alkaline water. It is a pungent, colorless, and oily liquid.
• Since the application of glutaraldehyde has resulted in reduced biofilm accumulation in oilfields and significantly reduces bacterial population and metabolic activity, the oilfield biocides market will witness considerable growth in the glutaraldehyde segment. 

Oilfield Biocides Market: Competitive Analysis

• The Oilfield Biocides Market is fragmented due to the presence of several vendors.
• Market vendors focused on market expansion, innovations, and expansion of distribution networks.
• Akzo Nobel NV, BASF SE, Clariant International Ltd., Dow Inc., DuPont de Nemours Inc., Evonik Industries AG, Halliburton Co., Kemira Oyj, Solvay SA, and The Lubrizol Corp. are some of the major market participants. Although the increasing adoption of oxidizing oilfield biocides will offer immense growth opportunities, the health hazards associated with exposure to oilfield biocides will challenge the growth of the market participants.

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