Oil and Gas Water Treatment Chemicals Market Size (2024 - 2029)

The oil and gas water treatment chemicals market is anticipated to experience growth, driven by factors such as increased shale gas extraction and the expansion of oil refineries, which contribute to higher wastewater volumes. Despite the market's initial decline due to the COVID-19 pandemic's impact on oil demand and subsequent reductions in drilling activities, the market is expected to recover. The availability of technological alternatives for water treatment poses a challenge, while a shift towards green chemicals presents future growth opportunities. The Asia-Pacific region is projected to lead in growth rate during the forecast period.

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Market Size of Oil and Gas Water Treatment Chemicals Industry

Oil and Gas Water Treatment Chemicals Market Overview
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 4.00 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration Low

Major Players

Oil and Gas Water Treatment Chemicals Market Major players

*Disclaimer: Major Players sorted in no particular order

Oil & Gas Water Treatment Chemicals Market Analysis

The Global Oil and Gas Water Treatment Chemicals Market is projected to register a CAGR of over 4% during the forecast period (2021-2026).

The market was negatively impacted by COVID-19 in 2020. The COVID-19 pandemic has resulted in a huge drop in the demand for oil. This has resulted in decreased investments and a major scaling back in the drilling activities. As a result, the demand for water treatment chemicals in the industry has declined. Owing to the pandemic scenario, the petroleum refineries units had cut their throughput as the demand for fuel had been decreased by about 30% to 40% globally during the lockdown. For instance, Indian Oil Corporation Ltd, with a refining capacity of 5 million barrels per day of crude oil, had cut its crude oil processing by about 30-40%, which had led to a decrease in the consumption of wastewater treatment chemicals in the oil and gas industry.

  • Over the short term, rising shale gas extraction leading to water contamination and expansion of oil refineries across the world, leading to an increase in the wastewater volume, are expected to drive the oil and gas water treatment chemicals market growth.
  • Availability of technological alternatives for water treatment is likely to act as a restraint to the market studied.
  • Shifting focus toward the usage of green chemicals is likely to provide opportunities for market growth in the future.
  • Asia-Pacific is likely to witness the highest growth rate during the forecast period.

Oil & Gas Water Treatment Chemicals Industry Segmentation

The oil and gas water treatment chemicals are mainly used to treat wastewater produced as a byproduct during oil and natural gas exploration and downstream petroleum refining processes. Some of the methods to remove the oil from the contaminated water include increasing overall droplet size (coalescence), changing the specific gravity of oil droplets, use of hydro cyclones and centrifuges, and others. The oil and gas water treatment chemicals market is segmented by type and geography. By type, the market is segmented into Scale and Corrosion Inhibitors, Biocides and Disinfectants, Defoamers and Defoaming Agents, Flocculants and Coagulants, Demulsifiers, Oxygen Scavengers, and Other Types. The report also covers the market size and forecasts for the oil and gas water treatment chemicals market in 16 countries across major regions. For each segment, the market sizing and forecasts have been done on the basis of revenue (USD million).

Type
Scale and Corrosion Inhibitors
Biocides and Disinfectants
Defoamers and Defoaming Agents
Flocculants and Coagulants
Demulsifiers
Oxygen Scavengers
Other Types (Emulsion Breakers, Flow Enhancers, Deoilers, etc.)
Geography
Asia-Pacific
China
India
Japan
South Korea
ASEAN Countries
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
France
United Kingdom
Italy
Rest of the Europe
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa
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Oil and Gas Water Treatment Chemicals Market Size Summary

The oil and gas water treatment chemicals market is poised for growth, driven by the increasing need for effective water management solutions in the industry. The market experienced a downturn due to the COVID-19 pandemic, which led to a significant reduction in oil demand and subsequent decreases in drilling activities and investments. However, the recovery is expected to be supported by the rising extraction of shale gas, which often leads to water contamination, and the expansion of oil refineries that increase wastewater volumes. Despite the availability of technological alternatives, the shift towards green chemicals presents new opportunities for market expansion. The Asia-Pacific region is anticipated to witness the highest growth rate during the forecast period, reflecting the region's burgeoning industrial activities.

In the oil and gas sector, the use of corrosion and scale inhibitors is crucial for maintaining the efficiency and longevity of equipment. These chemicals play a vital role in protecting metals from corrosion and preventing scaling in systems such as pipelines and heat exchangers. The demand for these inhibitors is expected to rise, particularly in regions like the Middle East and Africa, where oil production is significant. North America, with its substantial shale gas and oil production, also remains a key market, supported by technological advancements and increased production outputs. The market is characterized by a fragmented landscape with several key players, including Kurita Water Industries Ltd, Chemtex Speciality Limited, DuPont, Avista Technologies Inc., and Veolia Water Technologies, who are actively expanding their portfolios through strategic acquisitions.

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Oil and Gas Water Treatment Chemicals Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Rising Shale Gas Extraction Leading to Water Contamination

      2. 1.1.2 Expansion of Oil Refineries Across the World

    2. 1.2 Restraints

      1. 1.2.1 Availability of Technological Alternatives for Water Treatment

      2. 1.2.2 Unfavorable Conditions Arising due to the Impact of COVID-19

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION

    1. 2.1 Type

      1. 2.1.1 Scale and Corrosion Inhibitors

      2. 2.1.2 Biocides and Disinfectants

      3. 2.1.3 Defoamers and Defoaming Agents

      4. 2.1.4 Flocculants and Coagulants

      5. 2.1.5 Demulsifiers

      6. 2.1.6 Oxygen Scavengers

      7. 2.1.7 Other Types (Emulsion Breakers, Flow Enhancers, Deoilers, etc.)

    2. 2.2 Geography

      1. 2.2.1 Asia-Pacific

        1. 2.2.1.1 China

        2. 2.2.1.2 India

        3. 2.2.1.3 Japan

        4. 2.2.1.4 South Korea

        5. 2.2.1.5 ASEAN Countries

        6. 2.2.1.6 Rest of Asia-Pacific

      2. 2.2.2 North America

        1. 2.2.2.1 United States

        2. 2.2.2.2 Canada

        3. 2.2.2.3 Mexico

      3. 2.2.3 Europe

        1. 2.2.3.1 Germany

        2. 2.2.3.2 France

        3. 2.2.3.3 United Kingdom

        4. 2.2.3.4 Italy

        5. 2.2.3.5 Rest of the Europe

      4. 2.2.4 South America

        1. 2.2.4.1 Brazil

        2. 2.2.4.2 Argentina

        3. 2.2.4.3 Rest of South America

      5. 2.2.5 Middle East & Africa

        1. 2.2.5.1 Saudi Arabia

        2. 2.2.5.2 South Africa

        3. 2.2.5.3 Rest of Middle East & Africa

Oil and Gas Water Treatment Chemicals Market Size FAQs

The Oil and Gas Water Treatment Chemicals Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)

Kurita Water Industries Ltd, Chemtex Speciality Limited, DuPont, Avista Technologies, Inc. and Veolia Water Technologies are the major companies operating in the Oil and Gas Water Treatment Chemicals Market.

Oil & Gas Water Treatment Chemicals Market Report Snapshots

Oil & Gas Water Treatment Chemicals Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)