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Shale Gas Industry Thrives on Advanced Oilfield Chemical Solutions

This research service analyses the impact of a shale gas on the oilfield chemicals market in North America and Europe from 2009 to 2019, with 2012 as the base year. It also analyses the situation, developments, trends, and future opportunities. The market is divided into the following segments by chemical type: drilling chemicals, stimulation chemicals, cementing chemicals, hydraulic fracturing chemicals, and wastewater treatment chemicals. Along with Canada, the United States and Mexico, the study analyses Austria, Balkan countries, Baltic countries, Benelux countries, Czech Republic and Slovak Republic, France, Germany, Hungary, Ireland, Iberian countries, Italy, Nordic countries, Poland, Switzerland, and the United Kingdom.

Executive Summary

• Shale gas is an unconventional natural gas (NG). Technological advancements, especially in hydraulic fracturing, make shale gas extraction a commercially viable. As demonstrated by the United States (US), countries with technically recoverable reserves are now considering the increase of their gas allocations in energy matrices due to the nascent accessibility of this feedstock.
• In general, the hydraulic fracturing technology has high stakes; associated costs, risks, and benefits need to be properly analyzed in a framework that can enable elected officials and policy makers to make educated decisions that balance the needs of a nation’s economy and the environment.
• Due to the nascent stage of the technology, especially in European countries, there is a lack of empirical evidence to support many of the assumptions surrounding shale gas; this uncertainty, coupled with environmental concerns, has created serious debate by various stakeholders and governments.
• Key challenges are related to pricing regulations, cost and profitability, environmental and health concerns, and the management of water resources.
• Key drivers are energy security and economic benefits (should shale gas be developed in an environmentally responsible manner).
• The development of shale gas reserves in Europe could reverse the dwindling natural gas reserves, reduce dependence on imports, and restore the region’s status as an exporter.
• This research service analyses the impact of shale gas on the oilfield chemicals market. Moreover, it analyses the situation, developments, trends, and future opportunities in North America and Europe.
• The total market revenue in North America and Europe is expected to grow from $X million in 2012 to $Xmillion in 2019, at a compound annual growth rate (CAGR) of X% between 2012 and 2019.
• In 2012, hydraulic fracturing chemicals were the largest and the most dominant chemical group consumed in shale gas extraction and production. This group was far ahead of other chemicals, accounting for X% of revenue generated by the total market of oilfield chemicals in shale gas production in North America and Europe.
• The market share of hydraulic fracturing chemicals segment is expected to increase to X% by 2019.
• In 2012, the US was that largest consumer of a shale gas oilfield chemicals. Revenue generated by the region accounted forX% of the total market of oilfield chemicals in shale gas revenue.

CEO’s Perspective

1. The shale gas industry offers emerging growth opportunity, but it is initially abundant in supply and low in demand.
2. Shale gas is being acclaimed as a game changer in energy markets, such as North America, that have recoverable reserves.
3. An increase in natural gas production is expected to make it the preferred feedstock for chemicals and materials in the future.
4. The largest challenge to shale gas and oilfield chemicals is environmental sustainability.

Market Overview—Energy Consumption

• The major energy resources in North America and Europe are petroleum (oil), natural gas, coal, nuclear, and renewable energy.
• The main end users are residential and commercial buildings, industry, transportation, and electric power generators.
• Current energy consumption varies depending on the country; nevertheless, consumption was largest in 2012 for fossil fuels. Petroleum accounted for X%, natural gas accounted forX% and coal accounted for X%.
• Despite the fact that the electricity demand scaled down by X% in both Europe and North America in 2012 and the energy consumption is correlated with gross national product and climate, the current situation is not expected to change drastically over the forecast period.
• North America will remain the largest energy consumer.

Market Overview—Natural Gas

• Natural gas is a hydrocarbon gas mixture that occurs naturally and is typically found in deep underground rock formations or is associated with other hydrocarbon reservoirs.
• Natural gas is comprised mainly of methane and varying amounts of other higher alkanes as well as negligible percentages of carbon dioxide, nitrogen, and hydrogen sulfide.
• The largest amounts of natural gas were consumed by heat and power generation, accounting for X% in 2012.
• Power generation is the main driver for increased natural gas consumption.
• In 2012, gross inland consumption of natural gas in Europe fell by X% in comparison with 2011 to reach Xthousand terajoules.
• The biggest decrease in natural gas consumption was in Belgium, Sweden, Finland, Portugal, Denmark, and Greece.
• Increases in consumption were recorded only in Estonia, Poland, Germany, and Luxembourg.

Market Overview—Conventional and Unconventional Natural Gas

Key Takeaway
Conventional and unconventional gases are similar in composition; however, the technology used to extract and produce both natural gases varies.

Conventional Gas
• In general, conventional gas is considered easier to produce.
• Typically found in reservoirs of medium to high porosity where “free gas” flows to pockets in various, naturally occurring rock formations such as carbonates, sandstones, and siltstones.
• It can be associated or unassociated. In the former, NG is contained in an oil reserve, while in the latter, the well contains only gas.
• Vertical wells are drilled into these pockets and gas flows into the well bore for extraction.
• Drilling technologies are primarily vertical, but some horizontal drilling is also employed.

Unconventional Gas
• Unconventional gas reservoirs include tight gas, coal bed methane, gas hydrates, and shale gas.
• Shale gas is located in shale formations that have low permeability and require stimulation of the rock bed to release the gas.
• While vertical drilling is necessary, horizontal drilling coupled with hydro-fracturing technologies, such as seismic hydro-fracking chemicals, is the main gas-extraction method used.
• Horizontal drilling increases the exposure of shale rock to maximise the amount of recoverable gas.

Key Questions This Study Will Answer

Is the market growing? What is the primary growth driver? How long will it continue to grow, and at what rate?
What is the market structure and the concentration of competitors? Who is competing, and who is cooperating in shale gas market?
Which are the potential growth segments of the oilfield chemicals in shale gas market? How can shale gas market growth influence the chemical industry?
How will the structure of the market change with time? Is it ripe for further acquisitions and mergers?
Are the oilfield chemicals manufacturers ready to grow independently in shale gas market, or do they need partnerships to take their business to the next level of growth? What type of partnerships are valuable?
Are the chemical-based solutions offered today compliant with regulations, or is additional development needed? What are the present end-users’ needs and how they are likely to change in the future?

Table Of Contents

Analysis of the North American and European Oilfield Chemicals Market
Table of Contents

1. Executive Summary
2. Market Overview
3. Total Market of Oilfield Chemicals in Shale Gas
• External Challenges: Drivers and Restraints
• Forecasts and Trends
• Market Share and Competitive Analysis
4. Market Segments
• Drilling Chemicals Segment Breakdown
• Stimulation Chemicals Segment Breakdown
• Cementing Chemicals Segment Breakdown
• Hydraulic Fracturing Chemicals Segment Breakdown
• Wastewater Treatment Chemicals Segment Breakdown
5. The Last Word (Conclusions and Implications)
6. Appendix

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