Americas to Dominate the Global Oilfield Biocides Market | Technavio

LONDON–(BUSINESS WIRE)–#BioChemicals–The global
oilfield biocides market is expected to grow at a CAGR of close to
4% during the period 2017-2021, according to a new market research study
by Technavio.

The report categorizes the global oilfield biocides market by type,
which includes glutaraldehyde, chlorine, THPS, quaternary ammonium,
peracetic acid, and DBNPA. The report also determines the geographic
breakdown of the market in terms of detailed analysis and impact, which
includes key geographies such as APAC, the Americas, and EMEA.

This report is available at a USD 1,000 discount for a limited time
only: View
market snapshot before purchasing

Buy 1 Technavio report and get the second for 50% off. Buy 2
Technavio reports and get the third for free.

Market driver: increasing adoption of oxidizing oilfield biocides

Though the global oilfield
biocides market has traditionally witnessed demand for non-oxidizing
biocides, the demand for oxidizing oilfield biocides has also gained
considerable focus, and thereby, is strengthening the global oilfield
biocides market growth. Oxidizing biocides are referred to as chemical
agents that are used to destroy microorganisms in a broad spectrum of
applications including commercial cleaning and industrial processes.

According to Kshama Upadhyay, a lead analyst at Technavio for bio-chemicals
and bio-materials research, “In the industrial processes,
oilfield biocides are used in different stages including packer fluids
and drilling. Oxidizing biocides are considered faster in destroying
microorganisms than that of non-oxidizing biocides. They are also known
to be more persistent and reactive than non-oxidizing biocides.”

Looking for more information on this market? Request
a free sample report

Technavio’s sample reports are free of charge and contain multiple
sections of the report including the market size and forecast, drivers,
challenges, trends, and more.

Market trend: increasing use of ClO2 as a biocide

The global oilfield
biocides market has witnessed the emergence of oilfield biocides
such as ClO2. Though ClO2 has been traditionally used as a powerful
biocide in the oilfield industry, the rapid development of hydraulic
fracturing and unconventional shale gas extraction have led to the
increased use of ClO2 in microbiological control technology,
particularly for frac water disinfection. The increasing preference of
ClO2 is backed by its excellent properties such as prevention of souring
and enhanced flow assurance in oilfields.

Market challenge: 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.

Is your business on track for a successful future? Learn
how Technavio can help

Technavio helps businesses anticipate changes in their marketplace,
make proactive adjustments, and develop effective strategies to optimize
their market positions.

Key vendors in the market

• Akzo Nobel
• BASF
• Evonik Industries
• Solvay
• The Dow Chemical Company

The global oilfield biocides market is fragmented and competitive in
nature with key market players competing against each other to claim a
sizable portion of the market share. The vendors operating in the
market, compete to increase their global footprint by focusing on
innovative methods of production of oilfield biocides. Among the
strategies employed by the vendors, the most common strategy is
expansion. Companies are also focused on regional expansions to
penetrate untapped markets.

Get a sample copy of the global
oilfield biocides market report free of cost

Access Technavio’s continuously growing bio-chemicals
and bio-materials research library and find expert analysis on
hundreds of markets.

About Technavio

Technavio
is a leading global technology research and advisory company. Their
research and analysis focuses on emerging market trends and provides
actionable insights to help businesses identify market opportunities and
develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists
of more than 10,000 reports and counting, covering 800 technologies,
spanning across 50 countries. Their client base consists of enterprises
of all sizes, including more than 100 Fortune 500 companies. This
growing client base relies on Technavio’s comprehensive coverage,
extensive research, and actionable market insights to identify
opportunities in existing and potential markets and assess their
competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team
at [email protected].

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US:
+1 844 364 1100
UK: +44 203 893 3200
www.technavio.com