Market Size (2017)
2017
$30.46B
Chemicals & Materials
Oilfield chemicals Market
By Segment, By Region, And Segment Forecasts, 2017 – 2025
Vertical: CNMBase Year: 201811 Sections
Executive Summary
Oilfield chemicals Market — Snapshot
Projected (2025)
2025
$46.17B
CAGR (2017–2025)
5.3%
5.3%Key Players
114+
The global oilfield chemicals market is projected to witness healthy growth during the forecast period, 2019–2025. The market was valued at USD 31,905.9 million in 2018 and is projected to register a CAGR of 5.52% to reach USD 46,168.8 million by the end of 2025. In terms of volume, the market was sized at 14,982.6 kilotons in 2018 and is likely to exhibit a CAGR of 4.76% to reach 20,609.0 kilotons by the end of 2025. The growth of the global market is primarily driven by increasing oil & gas exploration activities across the globe. Besides, the increasing crude oil production coupled with deep drilling activities offshore and onshore is the other factors projected to boost the growth of the global oilfield chemicals market, as oilfield chemicals are used in all the stages of the oil & gas industry, including initial drilling of wells, production of oil and gas, and in all the aspects of maintenance of the oilfields, including storage of oil and natural gas in geological conditions (in salt caverns or depleted reservoirs). Furthermore, the increasing expenditure in advance oilfield chemicals to enhance properties such as thickening, emulsification, stabilization, and conditioning is likely to create growth opportunities for the market players during the forecast period. However, stringent environmental regulations and shift toward renewable energy sources are expected to hamper the global market growth during the forecast period.
According to MRFR analysis, the global oilfield chemicals market has been segmented based on type, application, and region. Based on type, the global market has been divided into inhibitors & scavengers, demulsifiers, friction reducers, rheology modifiers, surfactants, biocides, pour-point depressants, and others. The inhibitors & scavengers and demulsifiers segments collectively accounted for the highest market share of 71.4% in 2018 and expected to continue the trend in the coming years. Inhibitors and scavengers are further sub-segmented into corrosion inhibitors, paraffin inhibitors, asphaltene inhibitors, scale inhibitors, H2S scavengers, oxygen scavengers, and others. The corrosion inhibitors segment accounted for the largest share of 30.2% in 2018 due to increasing applications in the manufacturing of pipes, water tanks, and other equipment. The segment was valued at USD 4,268.6 million in 2018; it is expected to register a CAGR of 7.21% to reach USD 6,909.1 million by the end of 2025. In terms of volume, the segment was sized at 1,853.8 kilotons in 2018 and is projected to exhibit a CAGR of 6.40% to reach 2,843.8 kilotons by the end of 2025. Paraffin inhibitors segment held the second-largest market share of 19.6% in 2018. The major challenges in both production and transportation in the oil and gas industry are wax deposition, gelling, and flow problems. The chemicals injected reduce the paraffin deposits in wellbore and subsea pipeline. Thus, to minimize the flow assurance problems associated with naturally occurring paraffin in crude oil, paraffin inhibitors are expected to be high in demand during the forecast period.
By application, the global oilfield chemicals market has been classified into upstream, downstream and midstream. The upstream segment has been further sub-segmented into drilling, well stimulation, production chemicals, cementing, and workover & completion. The upstream segment was valued at USD 15,665.8 million in 2018; it is expected to register a CAGR of 5.43% to reach USD 22,521.7 million by the end of 2025.
The North American market held the largest share of 44.3% in 2018 due to the growth of the shale gas industry with an increase in oil drilling activities and government support in the region, which are expected to increase the usage of oilfield chemicals during the review period. The market was valued at USD 14,134.3 million in 2018 and is expected to exhibit a CAGR of 5.07% to reach USD 19,844.2 million by the end of 2025. In terms of volume, the regional market was sized at 6,673.4 kilotons in 2018 and is projected to register a CAGR of 4.23% to reach 8,858.8 kilotons by the end of 2025. The markets in Asia-Pacific and the Middle East & Africa are expected to witness significant growth during the review period on account of an increase in exploration and production activities and startup of new oil and gas production projects. The Latin American market is expected to register a moderate CAGR owing to the increase in the spending on exploration and production activities by private and foreign companies in Mexico.
Market Attractiveness Analysis
Key Insight
The Oilfield chemicals Market market is projected to grow at a CAGR of 5.3% from 2017 to 2025.
Market Performance Trend
Historical performance and future projections (2020–2030, USD Billion)
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What this report covers
- Geographic Coverage: This analysis covers 5 regions: Asia Pacific, South America, Europe, North America, Middle East and Africa.
- Market Segmentation: The market is analyzed across 8 segments: Inhibitors & Scavengers, Demulsifiers, Surfactants, Rheology Modifiers, Type_Others, Biocides, Friction Reducers, Pour-Point Depressants. Forecasts are provided for each segment from 2017 to 2025.
- Competitive Landscape: 114 leading companies are profiled, covering market positioning, strategies, and recent developments.
Market Size (USD Mn)
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View Subscription PlansMarket Overview
Oilfield chemicals Market — Growth Trajectory
Oilfield chemicals are class of specialty chemicals used in the oil & gas industry to enhance the oil extraction process. They are used for drilling optimization, corrosion protection, improving oil recovery, preventing mud loss, stabilizing the drilling fluid at different pressure and temperature, as well as to achieve optimum performance. They play a vital role in various stages of oilfields—upstream, midstream, and downstream. Depending on type, they are classified as inhibitors & scavengers, demulsifiers, rheology modifiers, friction reducers, biocides, surfactants, and others.
Oilfield chemicals Market — Growth Trajectory
Inhibitors & Scavengers
Demulsifiers
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View Subscription PlansMarket Size Trend (USD Mn)
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View Subscription PlansMarket Dimensions
How this market is segmented
- Type Type is broken down into: Inhibitors & Scavengers, Demulsifiers, Friction Reducers, Rheology Modifiers, Biocides, Surfactants, Pour-Point Depressants, Type_Others.
- Application Application is broken down into: Upstream, Downstream, Midstream.
Geographic Analysis
Regional market breakdown
- Asia Pacific Asia Pacific market size reached $6.96B in 2017 and is projected to reach $11.53B by 2025, growing at a CAGR of 6.5%.
- South America South America market size reached $1.52B in 2017 and is projected to reach $2.30B by 2025, growing at a CAGR of 5.3%.
- Europe Europe market size reached $5.64B in 2017 and is projected to reach $8.07B by 2025, growing at a CAGR of 4.6%.
- North America North America market size reached $13.55B in 2017 and is projected to reach $19.84B by 2025, growing at a CAGR of 4.9%.
- Middle East and Africa Middle East and Africa market size reached $2.79B in 2017 and is projected to reach $4.42B by 2025, growing at a CAGR of 6.0%.
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View Subscription PlansResearch Methodology
Oilfield chemicals Market — How We Researched This Market
Research Process
Market Research Future analysis is based on interviews with industry experts who offer insight into the market structure, market segmentation, technology assessment, competitive landscape (CL), market penetration, as well as the emerging trends. Besides primary interviews (~80%) and secondary research (~20%), their analysis is based on years of professional expertise in their respective industries. Our analysts also predict where the market will be headed in the next five to 10 years, by analyzing historical trends and the current market position. Furthermore, the varying trends in segments and categories in each region are studied and estimated based on primary and secondary research.
Primary Research
Extensive primary research was conducted to gain a deeper insight into the market and industry performance. For this report, we have conducted primary surveys (interviews) with the key level executives (VPs, CEOs, marketing directors, and business development managers, among others) of the major players active in the market. In addition to analyzing the current and historical trends, our analysts predict where the market is headed in the next five to 10 years.
Secondary Research
Secondary research was conducted to collect and identify information useful for an extensive, technical, market-oriented, and commercial study of the oilfield chemicals market. It was also used to obtain key information about major players, market classification and segmentation according to industry trends, regional markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, SEC filings, journals, white papers, corporate presentations, company websites, international organizations of chemical manufacturers, and paid databases. Also, various associations such as International Council of Chemical Association, American Chemistry Council, American Coatings Association, The European Chemical Industry Council, Canadian Paint and Coatings Association, Union of the European Lubricants Industry, and CATalyst Council have been considered in the study.
Market Size Estimation
Both the top-down and bottom-up approaches were used to estimate and validate the size of the market and to estimate the size of various other dependent sub-markets of the global oilfield chemicals market. The key players in the market were identified through secondary research, and their market contributions in the respective regions were determined through primary and secondary research. This entire process included the study of the annual and financial reports of the top market players and extensive interviews for key insights with industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares splits, and breakdowns were determined using secondary sources and verified through primary sources. All the possible parameters that affect the market covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to arrive at the final quantitative and qualitative data. This data has been consolidated, and detailed inputs and analysis by Market Research Future added before being presented in this report. The following figure shows an illustrative representation of the overall market size estimation process employed for this study.
Base Year
2018
Historical Period
2017 – 2018
Forecast Period
2018 – 2025
Primary Interviews
150+
Research Process
Historical data (2017–2018) and forecast period (2018–2025)
1
Problem Definition
- Market scoping
- Objective setting
- Framework design
2
Secondary Research
- Literature review
- Data mining
- Trend analysis
3
Primary Research
- Expert interviews
- Field visits
- Surveys
4
Data Analysis
- Quantitative modeling
- Statistical testing
- Validation
5
Insights & Reporting
- Synthesis
- Recommendations
- Visualization
Research Depth
Our research process spans primary interviews with industry stakeholders combined with comprehensive secondary data analysis, validated through triangulation across multiple independent sources.
Historical vs. Forecast Data
Historical (observed)
Forecast (modelled)
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View Subscription PlansCompetitive Landscape & Porter's Five Forces
Oilfield chemicals Market — Competitive Analysis
THREAT OF NEW ENTRANTS
Taking all the past and present global market trends, forces, and scenarios into consideration, the threat of new entrants to the existing players is expected to be low to moderate. The global market comprises a large number of players, where the tier-1 players hold a significant market share, which is expected to act as a barrier in the entry of new players. Furthermore, high capital investments for establishing a production unit and fluctuations in raw materials prices in the recent past are also expected to hamper the entry of new players. In addition, stringent government regulations associated with the production and sale of organic chemicals are also expected to further reduce the threat of new entrants. However, with the growing oil & gas industry, the demand for oilfield chemicals is increasing, which is expected to create opportunities for the new players to set up production facilities. Thus, with the growing demand, the threat of new entrants in the global market is expected to increase to moderate.
SEGMENT RIVALRY
The global oilfield chemicals market is likely to witness moderate to high intensity of rivalry due to the presence of a large number of tier-1 and tier-2 players. The tier-1 players hold a significant share of the global market and the intensity of rivalry among the players in this group is high on the basis of price, quality, and branding. Furthermore, the presence of a large number of small and unorganized players particularly in Asia-Pacific is expected to increase the competitive rivalry in the market. With the growing demand for oilfield chemicals and development of new products, the threat of rivalry among the major market players is expected to increase in the coming years.
THREAT OF SUBSTITUTES
The threat of substitutes in the global oilfield chemicals market is low in the current scenario, as these chemicals are vital in various oil & gas exploration and production activities. Furthermore, no direct substitute to the oilfield chemicals is available in the global market which serves the purpose of these chemicals in the oil & gas industry. However, the growing environmental concerns and stringent environmental regulations are factors expected to increase R&D and result in the introduction of eco-friendly substitutes in the market.
BARGAINING POWER OF SUPPLIERS
The bargaining power of suppliers is estimated to be moderate as the market is fragmented comprising tier-1 and tier-2 players, wherein tier-1 players hold maximum market share. The high competition among the market players is expected to reduce the bargaining power of the suppliers by adding pricing pressure and quality benchmarking. Furthermore, the key market participants have wide geographic presence, which limits the dependency of the suppliers and thus increases the bargaining power. However, the presence of a large number of small and unorganized market participants is expected to reduce the bargaining power of suppliers.
BARGAINING POWER OF BUYERS
The bargaining power of buyers is estimated to be moderate to high as there are numerous choices available for the buyers, wherein they can switch easily. However, some of the players offer products of high-quality and enhanced features at an economical cost, which is expected to reduce the bargaining power of buyers. For instance, the buyers from cold regions require specialized chemicals such as pour point depressant and paraffin inhibitors for efficient transportation of oil in midstream operations. Thus, the buyers have to stick to the supplier offering these chemicals.
Quantitative Analysis
Regional Breakdown
Regional market breakdown for Oilfield chemicals Market.
Regional Market Size (USD Mn)
Market estimates by geography (2025)
USD Mn
InsightNorth America leads with $19.84B by 2025, while Asia Pacific is projected to grow fastest at a 6.5% CAGR.
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View Subscription PlansRegional Market Data
| REGION | 2017 | 2018 | 2025 | CAGR | SHARE |
|---|---|---|---|---|---|
| Asia Pacific | $6.96B | $8.83B | $11.53B | 6.5% | 25% |
| South America | $1.52B | $1.85B | $2.30B | 5.3% | 5% |
| Europe | $5.64B | $6.66B | $8.07B | 4.6% | 17% |
| North America | $13.55B | $16.17B | $19.84B | 4.9% | 43% |
| Middle East and Africa | $2.79B | $3.46B | $4.42B | 6.0% | 10% |
| Total | $30.46B | $36.97B | $46.17B | 5.3% | 100% |
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View Subscription PlansSegment Revenue (2025)
Inhibitors & Scavengers
Demulsifiers
Surfactants
Rheology Modifiers
Type_Others
Biocides
Friction Reducers
Pour-Point Depressants
05853117061755823411
Segment Market Share
- Inhibitors & Scavengers46%
- Demulsifiers27%
- Surfactants7%
- Rheology Modifiers6%
- Type_Others5%
- Biocides4%
- Friction Reducers3%
- Pour-Point Depressants2%
Total Market Size
$46.17B
Market by Segment (2025)
| APPLICATION | REVENUE ($B) | GROWTH RATE | MARKET PENETRATION |
|---|---|---|---|
| Inhibitors & Scavengers | $21.28B | 5.3% | 82% |
| Demulsifiers | $12.53B | 5.3% | 66% |
| Surfactants | $3.30B | 5.3% | 89% |
| Rheology Modifiers | $2.67B | 5.3% | 77% |
| Type_Others | $2.17B | 5.3% | 89% |
| Biocides | $1.80B | 5.3% | 89% |
* Revenue projections based on 2025 estimates. Growth rates represent CAGR 2024–2030. Market penetration indicates current adoption rate within addressable market segments.
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Analytics
Oilfield chemicals Market — Key Findings
Analytical insights on Oilfield chemicals Market covering market dynamics, competitive landscape, and strategic outlook.
Key Analytical Findings
The Oilfield chemicals Market market is projected to reach $46.17B by 2025, growing at 5.3% CAGR. The Inhibitors & Scavengers segment holds the largest share.
Market Drivers
The global oilfield chemicals market is projected to witness healthy growth registering a CAGR of 5.52% during the forecast period, 2019–2025. The prominent factors driving the growth of the global market are increasing shale gas and deep-water exploration activities in the US. Furthermore, the increasing demand for oil and petroleum-based products in various end-use industries such as automotive, consumer goods, aerospace, and electronics is driving the oil & gas production, which is projected to boost the demand for oilfield chemicals. The increasing investments in exploration and production of unconventional resources due to growing concern regarding depleting conventional resources has increased the use of hydraulic fracturing technology in the oil and gas industry, thereby propelling the demand for oilfield chemicals. Furthermore, the increasing investment in the upstream and downstream segments driven by energy demand mainly in developing countries such as India, ASEAN countries, South Africa, and China on account of rapidly increasing industrialization is expected to surface growth opportunities for the market participants during the forecast period. However, the increasing preference for renewable energy owing to the growing energy concern is likely to hamper the growth of the global market.
Market Opportunities
With the rapid industrialization and urbanization in Asia, the demand for energy is constantly growing. China and India are the largest industrial economies in Asia. The demand for natural gas in China is expected to ramp up due to energy structure adjustment and environment protection policy. The demand for natural gas in China is expected to continue to grow as a result of increasing population, growing economy, and climate change mitigation strategies leading to the gradual replacement of coal by cleaner sources of energy. Furthermore, China in its thirteenth five-year plan (2016–2020) has encouraged the gradual replacement of coal with natural gas in power generation. China meets most of its natural gas demand through imports from Russia. In 2018, the share of natural gas in China’s energy mix was about 7%, the Chinese Government has targeted to increase the share by 15% by the end of 2030. To meet the growing demand for natural gas and reducing dependencies on natural gas imports, China has been significantly investing in the development of unconventional reserves. Shale gas extraction plays a significant role in meeting energy targets. According to the US EIA estimates, China has a technically recoverable shale gas reserve of about 31.6 trillion cubic meters. The leading petroleum companies in China, such as Sinopec, PetroChina, and CNPC, have invested significantly in the development of shale gas. Further, the Chinese government has targeted to increase the domestic shale gas production to about 30 billion cubic meters in 2020 and 80–100 billion cubic meters by 2030.
Thus, the robust growth prospect of Chinese shale gas industry is projected to create significant opportunities for the players operating in the oilfield chemicals market during the forecast period.
Market Restraints
The growing use of renewable energy sources such solar, wind, geothermal, biomass, and hydropower energy as an alternative to traditional fossil fuels such as oil and coal is expected to hamper the growth of the global oilfield chemicals market. The increasing environmental regulations to reduce carbon emissions and sustainable development are driving the demand for renewable energy sources primarily in the developed markets. The renewable energy consumption in 2018 increased by about 15% from 490.2 million tons oil equivalent in 2017 to 561.4 million tons oil equivalent. In 2017, in the US, around 17% of the total electricity was generated from renewable energy. The consumption of biofuels and other nonhydroelectric renewable energy sources doubled from 2000 to 2017 owing to environmental regulations and incentives provided by the government to use renewable energy. Additionally, emission reduction targets set by the EU have increased the demand for renewable energy sources in Europe. For instance, the EU intends to reduce greenhouse gas emissions by 40% and increase the percentage of renewable energy sources to 27 in its total energy mix. Furthermore, increased investment in solar and hydropower plants in the developing nations is also likely to hamper the global market growth. For instance, the Asian Infrastructure Investment Bank (AIIB) has established various renewable energy projects such as a solar power plant in Egypt and a coal replacement project in China as part of its lean, clean, and green motto under the Paris Agreement. Besides, the use of hydropower sources is increasing to meet the rising demand for green energy sources in both developing and developed countries. Thus, the growing environmental concern and increasing preference for renewable energy are expected to hamper the growth of global oilfield chemicals market during the forecast period.
Strategic Outlook and Future Directions
Near-term growth will likely concentrate in modular bioreactor lines and closed-system media workflows that shorten validation cycles while preserving batch traceability.
Partnerships between CDMOs and instrumentation vendors should accelerate standard datasets for comparability across sites, improving forecasting models used in capacity planning.
Longer horizon, organoid and microphysiological adoption may reshape segment mix; teams that invest early in assay interoperability and cloud QC hooks are better positioned to capture upside without fragmenting their analytics stack.
Market Value by Segment (2025)
Value (USD Mn)
Inhibitors & Scavengers
Demulsifiers
Surfactants
Rheology Modifiers
Type_Others
Biocides
Friction Reducers
Pour-Point Depressants
Companies
Key companies profiled in Oilfield chemicals Market
Profiles of 114 companies operating in the Oilfield chemicals Market market, including revenue, employee count, and market positioning where available.
Showing 114 of 114 companies
Albemarle
Albemarle Corporation
Chemicals & Materials
Company Headquarters: North Carolina, United States Founded: 1994 Workforce: ~7,400 Company Working: Albemarle Corporation is a global specialty chemicals company headquartered in Charlotte, North Carolina, United States. The company is known for manufacturing and marketing a wide range of chemicals and chemical products. Albemarle operates in a variety of industries, including lithium, bromine, refining catalysts and performance chemicals. One of Albemarle's core businesses is lithium, a key ingredient in the production of batteries for electric vehicles and energy storage systems. The company is one of the world's leading lithium producers and plays a significant role in supporting the growing demand for clean energy solutions. Albemarle also specializes in bromine and its derivatives, which are used in a variety of applications such as flame retardants, water treatment and pharmaceuticals. In addition to lithium and bromine, Albemarle's portfolio includes catalysts used in the oil refining process as well as performance chemicals used in various industries such as agriculture, construction and electronics. Albemarle Corporation operates manufacturing facilities and research centers in various countries around the world. As a global company, it serves customers in various industries and aims to provide innovative solutions to meet their specific needs.
Revenue$2.7B
Employees7,400
Market CapN/A
Founded1993
North Carolina, United States
NALCO CHAM
NALCO CHAMPION
Chemicals & Materials
Company Headquarters: Illinois, US Founded: 1928 Workforce: ~NA Company Working: Nalco Champion (Nalco), a subsidiary of Ecolab, is a developer, distributor, and provider of sustainable and safe chemistry products and services for the upstream and midstream operations, petrochemical operations, and refineries. The company majorly serves three markets, namely energy exploration & production, oil & gas midstream, and refining, additives & petrochemical. It has manufacturing plants, warehouses, innovation centers, sales and service offices across Europe, the Middle East & Africa, Asia-Pacific, North America, and Latin America.
Revenue$13.2B
EmployeesN/A
Market CapN/A
Founded1927
Illinois, US
The Lubriz
The Lubrizol Corporation
Chemicals & Materials
Company Headquarters: Wickliffe, Ohio US Founded: 1928 Workforce: ~8,500 Company Working: Lubrizol Corporation (Lubrizol), is a leading company in lubricating oil additives. Lubrizol Additives and Lubrizol Advanced Materials are the company's two core business groups. Its additives segment works with customers to solve diverse automotive needs, such as improving internal combustion engine and electric/hybrid vehicle engine durability and reliability. Additionally, Lubrizol's advanced materials innovations enhance the performance of its customers' products and enable valuable performance attributes across a wide range of influential industries, such as healthcare and transportation. The company is present in North America, Europe, Asia-Pacific, and Latin America on a global scale. More than 100 countries, including the US, China, France, Germany, India, Japan, Spain, the UK, and others, are served by Lubrizol. Over the globe, it has 58 manufacturing facilities and 47 sales offices.
RevenueN/A
Employees8,500
Market CapN/A
Founded1927
Wickliffe, Ohio US
Baker Hugh
Baker Hughes
Semiconductor
Company Headquarters: United States Founded: 1987 Workforce: 54,000 Company Working: Baker Hughes Company (Baker Hughes or 'the company') formerly Baker Hughes, a GE company LLC, is an oilfield services company that offers oilfield products, services and digital solutions. Baker Hughes operates in the Americas, Europe, Asia Pacific, Africa, and the Middle East. It owns or leases service centers, blend plants, workshops and sales and administrative offices across the world. Baker Hughes operates through four reportable business segments: Oilfield Services, Oilfield Equipment, Turbomachinery and Process Solutions and Digital Solutions. The Oilfield Services segment offers products and services supporting offshore operations including evaluation, completion, abandonment, drilling, production and intervention. Its offerings include drill bits; drilling services, including measurement-while-drilling, directional drilling, and logging-while-drilling; drilling fluids; wireline services; completions, including tools, systems, and fluids; well intervention; pressure pumping; artificial lift systems; oilfield and industrial chemicals; and integrated well services. It owns and leases facilities in the US, Canada, Germany, Norway, Scotland, the UK, Brazil, Singapore, India, the UAE, Saudi Arabia, Angola and Nigeria. In FY2020, the Oilfield Services segment reported revenue of US$10,140 million, which accounted for 49% of the company’s revenue. The Oilfield Equipment segment provides a wide portfolio of mission critical products and services utilized during drilling and over the life of a field. Its offerings include subsea production systems (SPS), flexible pipe systems for subsea flowlines, subsea and surface drilling equipment, risers and onshore pipes, surface pressure control solutions, surface and subsea wellheads, subsea well intervention solutions and related service solutions. It owns and leases facilities in the US, the UK, Brazil, China and Saudi Arabia. In FY2020, the Oilfield Equipment segment reported revenue of US$2,844 million, which accounted for 13.7% of the company’s revenue. The Turbomachinery and Process Solutions segment offers flow control, drivers, turnkey and driven equipment solutions. The company provides equipment and related services for mechanical-drive, compression and power-generation applications across the oil and gas industry and energy industry, the on-and-offshore, , pipeline, LNG and gas storage, refining, petrochemical, distributed gas, flow and process control and industrial segments. It owns and leases facilities in the US, Italy, France and India. In FY2020, the Turbomachinery and Process Solutions segment reported revenue of US$5,705 million, which accounted for 27.6% of the company’s revenue. The Digital Solutions segment provides hardware technologies with enterprise-class software products and analytics to connect industrial assets, providing customers with the data, safety and security needed to reliably and efficiently improve operations. Its offerings include industrial controls, condition monitoring, measurement, non-destructive technologies, sensing, and pipeline solutions. It owns and leases facilities in the US, the UK, Ireland and Germany. In FY2020, the Digital Solutions segment reported revenue of US$2,015 million, which accounted for 9.7% of the company’s revenue. Geographically, the company operates through two regions: the US and Non-US. In FY2020, Non-US accounted for 77.6% of the company’s total revenue, followed by the US (22.4%).
Revenue$23.8B
Employees54,000
Market CapN/A
Founded1986
United States
Stepan Com
Stepan Company
Chemicals & Materials
Company Headquarters: Illinois, US Founded: 1932 Workforce: ~2,250 Company Working: Stepan Company (Stepan) is engaged in the manufacturing and sale of specialty and intermediate chemicals. It operates through the segments, namely surfactants, polymers, and specialty products. Surfactants segment offers oilfield biocides along with a wide range of surfactant chemicals such as anionic, cationic, nonionic, and amphoteric surfactants. The polymers segment produces polyester polyols and phthalic anhydride. The specialty products are chemicals used in food, flavoring, nutritional supplement, and pharmaceutical applications.
Revenue$1.8B
Employees2,250
Market CapN/A
Founded1931
Illinois, US
Croda Inte
Croda International Inc.
Chemicals & Materials
Company Headquarters: Snaith, UK Founded: 1925 Workforce: ~6037 Company Working: Croda International Plc (Croda) is a holding company for a group of companies that manufactures a diverse range of chemicals and chemical products, including oleochemicals and industrial chemicals. It supplies products to companies specializing in personal care, pharmaceutical, plastics, food processing, nutrition, fire prevention, engineering, and automotive industries. The company's adaptable structure enables it to create and supply novel, long-lasting chemicals that consumers can rely on in personal care, health care, lubricants, polymer additives, coatings & polymers, crop care, geotech, and home care, as well as industrial specialties. The company has a presence in more than 37 countries and works with 500 innovation partners.
Revenue$1.8B
Employees6,037
Market CapN/A
Founded1924
Snaith, UK
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Account and Business Manager, EFS-Holland BV
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Senior Retail Manager, LG Chem
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Management Consultant, Level 21
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Group Product Manager HVAC & Fire Protection GMA, Rockwool
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R&D Director, Seojin
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Oilfield chemicals Market
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