[b]Biocides[/b] are the chemical agents that kill the microorganisms and prevent and/or control the effects of microorganisms. The microbial growth and corrosion have adverse effects in the oilfield industry which incurs huge expenses. To avoid these effects, Biocides and Bio Solvents are used in oilfield industry but in a lesser quantities when compared to other special chemicals in oilfield. [b]Bio-Based Solvents[/b] are naturally extracted substances or mixture of substances that dissolve another substance in them. These chemical substances are used in various oilfield applications like drilling, production, hydraulic fracturing, completion, packer fluids and others.

The demand for the biocides and bio solvents are high for hydraulic fracturing application because of the shale gas production in the U.S. The most commonly used biocide is Glutaraldehyde and the solvent is the hydrocarbons which are widely used in all the oilfield applications.

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[b]MARKET TRENDS & MARKET GROWTH:[/b]
[b]Application wise[/b], the oilfield biocide and bio solvents market have different applications in the oilfield among which drilling, production and hydraulic fracturing are the major applications.
[b]Region wise[/b], Europe when compared to other regions is estimated to have a low CAGR of 0.8% during 2015-2020 to reach [b]$103.4m by 2020[/b] according to IndustryARC analysis. North America is the leading consumer of oilfield biocides and has the highest market share in the global oilfield biocides market. In North America, U.S. is the major country in terms of consuming high volumes and having high market revenue for oilfield biocides market. The RoW market is relatively small as compared to the North American market; however, it is growing rapidly as well with the high CAGR when compared with other regions. With respect to the global market, North America and Europe hold 74% of the entire oilfield biocide market share.

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[b]REPORT SCOPE:[/b]
The report analyses the Oilfield Biocides and Bio Solvents Markets in various applications and covers the market demand with respective regions. The report also provides a market overview for the oilfield biocides and bio solvents market. In this report, the market has been segmented by geography as North America, Europe, APAC and RoW. Market size of last year along with next 5 years’ forecast has been provided for each of these regions in the report. A detailed qualitative analysis of the factors responsible for driving and restraining the growth of the biocides and bio solvents market and future opportunities are provided in the report.

[b]Market Segmentation:[/b]
The Oil-Field Biocides and Bio Based Solvents Market is broadly segmented into 4 types based on the following factors:
1. By Types: Oil Field Biocides and Bio Based Solvents. This further being segmented into:
a. Oil Field Biocides: Oxidizing Organic Biocides and Non Organic Oxidizing Organic Biocides.
b. Bio Based Solvents: Hydrocarbons, Alcohols, Ketones, Esters, Ethers, Glycols and Others.
2. By Application: Drilling, Production, Fracturing and Others.
3. By Sources: Synthetic Biocides and Natural Biocides. Natural Biocides futher being classified into Bacteria and Plants.
4. By Geography: America, Europe, APAC and ROW.

[b]Key Players:[/b]
Few notable competitors studied and mentioned in this report:
• BASF SE
• Dow Speciality Chemical Pvt Ltd
• Akzo Nobel N.V.
• Chemtex Specialty Limited
• Sichem LLC


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[b]About IndustryARC:[/b]
IndustryARC is a research and consulting firm that publishes more than 500 reports annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare.

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