Additives play significant role in oil and gas well cementing operations. There are varieties of cement additives that have been developed to allow the use of Portland cement in many different oil and gas well operations. In an attempt to formulate the appropriate cement slurry for any cementing job, the right additive must selected and the right quantity must be added. Additives have different functions and are broadly classified as accelerator, retarders, extenders, fluid loss agents, dispersants and many more. In well cementing, Portland cement systems are designed for temperatures ranges from below freezing in permafrost zones to 662°F (350°C) in thermal recovery and geothermal wells. They also encounter pressures ranging from ambient to 30,000 psi (200 MPa) in deep wells. Accommodation of such variations in conditions was only possible through the development of cement additives.
According to American Petroleum Institute Recommended Practice 10B, additives are materials added to cement slurry to modify or enhance desired property. Cement additives selected for cementing operations are an integral part of sound well design, construction and well integrity. Additives are available to enhance the properties of oil well slurries and achieve successful placement between the casing and the geological formation, rapid compressive strength development and adequate zonal isolation during the lifetime of the well
The key factors owing to the growth of this industry are the increasing demand from energy sector which is creating thrust for drilling deeper to extract more oil. The oilfield cement market has been segmented based on type of additives and geography exclusively. Based on the types of additives commercially available, the market is categorized into various categories such as accelerators, retarders, extenders, fluid loss, weighting agents, dispersants, lost circulation, expansion additives, anti-foam agents, dispersants, lost circulation, expansion additives and anti-foam agents.
Along with the demand growth, the adoption of new technologies for oilfield cement additives in emerging economies such as Middle East provides a strong impetus to the market growth. According to IndustryARC analysts, in 2015, total demand of XX.X tons was estimated for global oilfield cement additives. Since the oil demand is on a surge, the safety and quality of oil extracted from the fields also increases; and this is possible only with the proper usage of additives. Innovation becomes the key driver for the growth of this industry. The only restraint experienced by the industry is the environmental regulation for the usage of volatile organic compounds (VOC). R&D continues to enhance the usage of harmless chemicals for producing additives in this field.
Growth in the industry is not uniform across the regions. Developed regions such as Europe and North America are estimated to exhibit sluggish growth. On the contrary, APAC and Middle East are poised to exhibit the fastest growth due to the favorable macroeconomic factors and strong demand for oil. China, Saudi Arabia, UAE and Russia are the growth frontiers for the Oilfield cement additives manufacturers, providing a huge market to be tapped. China’s vast demand for energy will continue to drive the country’s exploration and development of its significant unconventional resource potential, with a particular emphasis on natural gas, and hence increasing the additives market.
The oilfield cement additives market is highly competitive due to the dominance of regional players.
Sample Companies profiled in this report are:
- Solvay SA,
- Chevron Philips Chemical Company,
- The Dow Chemical Company
The above companies are adopting various growth strategies such as new product launches, expansions, partnerships and acquisitions to consolidate their market share. The companies are investing in R&D extensively to develop technically advanced unique products to differentiate from competitors and increase their market share.