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Europe is estimated to hold over 24% of total oilfield surfactants market share over 2020-2026

Author : Ravi Chawat | Published Date : 2020-10-28 

Rising oilfield exploration activities and changing industry dynamics to increase dependency on alternative energy sources will positively favor oilfield surfactant market over the coming years. Europe is estimated to hold over 24% of total oilfield surfactants market share over 2020-2026, owing to active involvement of regional and global oil & gas firms in exploration drilling activities.

Oilfield surfactants market are bifurcated into silicon, amphoteric, anionic, cationic, non-ionic. Among these, the silicone product segment will register a steady 2 CAGR% over the coming years. Silicon surfactants segment will this growth rate as they are extensively used as super wetting or spreading agents. They find various agriculture applications including manufacturing of PGRs, fungicides, herbicides, and other applications where super-spreading and extra-wetting is required.

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Cationic surfactants are the type of surfactants which come under the category of positively charged functional group. The positive charge gives them a range of unique properties making them fit for various oilfield applications. The cationic product segment is likely to showcase growth rate of more than 3% through 2026, due to increasing product demand during oilfield drilling in the oilfield surfactants market.

Oilfield surfactants are used for manufacturing dispersants that are further used to clean up oil spills. The product is quite effective for fresh and brackish water. From foamers application, oilfield surfactants market size will make gains of over 6% over the analysis period.

Emulsion breakers are gaining wide popularity for corrosion resistance use. The product prevents fouling and corrosion of equipment by breaking the oil. From emulsions breaker segment, the oilfield surfactants market will gain a notable growth through 2026.

Based on product type, the global oilfield surfactants market is broadly categorized into cationic, non-ionic, silicone, anionic, and amphoteric, which are chosen for different oil exploration activities depending on the oilfield type, among other factors.

Major key players in the global oilfield surfactants market are Sasol Limited, Lubrizol Corporation, BASF SE, Oxiteno USA LLC., Evonik Industries AG, Kao Corporation, Croda International PLC, Clariant AG, Solvay, 3M Company, Halliburton, Nouryon Holding B.V., Flotek Industries, Inc., Schlumberger Limited, Ethox Chemicals, LLC., LIBRA SPECIALITY CHEMICALS LIMITED, The Dow Chemical Company, Ashland, Innospec, Pilot Chemical, Stepan Company and Baker Hughes.

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About Author

Ravi Chawat

Ravi Chawat

Ravi Chawat holds a bachelor's degree in Electronics and Telecommunication Engineering. He has worked closely with industry specialists from different segments including chemicals, food and beverages, construction and manufacturing & energy and power. Ravi's article concentrates principally on balancing relevant data but never at the expense of making the content engaging. He believes in giving fair-minded information to guide significant business choices. [email protected] | https://twitter.com/RaviChawat

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