Global Oilfield Biocides Market 2017-2021
About Oilfield Biocides
Oilfield biocides can be described as chemicals associated with oilfields which are important for enhancing the biodegradability level and for decreasing toxicity levels in oilfields. Oilfield biocides assist in meeting oilfield application requirements where operations are subject to different processes. The application of oilfield biocides is especially useful in applications that are subjected to the mushrooming growth of microorganisms. The global oilfield biocides market is segmented on the basis of type and geography. By type, the market is divided into glutaraldehyde, chlorine, THPS, quaternary ammonium, peracetic acid, DBNPA, and others.
Technavio’s analysts forecast the global oilfield biocides market to grow at a CAGR of 3.50% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global oilfield biocides market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Oilfield Biocides Market 2017-2021
Technavio recognizes the following companies as the key players in the global oilfield biocides market: Akzo Nobel, BASF, Evonik Industries, Solvay, and The Dow Chemical Company.
Other Prominent Vendors in the market are: Baker Hughes, Flotek Industries, FQS, ICL Group, Kemira, Lonza, Mazrui International, Pilot Chemical, Quat-Chem, METITO, Shanghai Rich Chemicals, Stepan Company, and Thor.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is combination of biocides with microbiocides for integrated solutions. One of the emerging trends in the global oilfield biocides market is the combined use of biocides with microbiocides for better microbial control solutions. Microbiocides such as THNM that controls the proliferation of common oilfield bacteria are paired with biocides such as Glutaraldehyde.”
According to the report, one driver in the market is increasing problems associated with microbial growth in the water and oilfield industries. The global oilfield biocides market is driven by the increasing focus on the prohibition of microbial growth in the oil and gas industry. The operations and developments pertaining to oilfields go through various distinct phases or stages, all of which may be subject to unwanted microbial growth. Contamination by microbes can occur during the process of drilling of a well, stimulation or preparing of the well to make it fit for production, and during construction of facilities. The demand for oilfield biocides is increasing as operations associated with the oilfield industry are subject to the anaerobic environment, which favors the mushrooming growth of microbes such as sulfate-reducing bacteria (SRB).
Further, the report states that one challenge in the market is health hazards associated with exposure to oilfield biocides. Health and environmental hazards associated with the use of oilfield biocides pose a challenge to the growth in the global oilfield biocides market. As biocides are used to destroy living organisms, such as microbes, many oilfield biocidal products pose considerable risk to human health and the environment. Oilfield biocides can disrupt the endocrine system in humans. In addition, biocidal products are ecotoxic, allergic, and carcinogenic to humans. Some of the most common biocides used in oilfields are tetrakis-hydroxymethyl-phosphonium (THPS) and glutaraldehyde (glut). Glut causes considerable problems to human health.
Akzo Nobel, BASF, Evonik Industries, Solvay, and The Dow Chemical Company, Baker Hughes, Flotek Industries, FQS, ICL Group, Kemira, Lonza, Mazrui International, Pilot Chemical, Quat-Chem, METITO, Shanghai Rich Chemicals, Stepan Company, and Thor.
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