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
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.
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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.”
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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
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.
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Key vendors in the market
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.
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oilfield biocides market report free of cost
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