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Production Chemicals

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CATEGORY ALERTS

Norway approves plans to boost gas production

July 05, 2022
alert level: High
CATEGORY ALERTS

Europe MIBK prices witnessed a marginal increase during the fourth week of August 2022.

August 29, 2022
alert level: Low

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Production Chemicals Market Monitoring Dashboard


Supply Demand

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Production Chemicals Industry Benchmarks


Savings Achieved

(in %)

The average annual savings achieved in Production Chemicals category is 16.40%

Payment Terms

(in days)

The industry average payment terms in Production Chemicals category for the current quarter is 45.0 days

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Targeted Savings

Risk Mitigation

Financial Risk

Sanctions

AMEs

Geopolitical Risk

Cost Optimization

Price per Unit Competitiveness

Specification Leanness

Minimum Order Quality

Payment Terms

Inventory Control

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    Production Chemicals Suppliers


    144,337
    Total Suppliers
    6,071
    Diverse Suppliers
    96
    Normalized Supplier Rating
    Production Chemicals Supplier

    Find the right-fit production chemicals supplier for your specific business needs and filter by location, industry, category, revenue, certifications, and more on Beroe LiVE.Ai™.

    Sample Supplier
    Company
    Brenntag SE
    Location
    Jackson, Mississipi
    Duns number
    3862211

    D&B SER Rating

    dnb logo

    Up to 3 months

    1 9
    2
    Low Risk High Risk

    The Supplier Evaluation Risk (SER) Rating is Dun & Bradstreet’s proprietary scoring system used to assess the probability that a business will seek relief from creditors or cease operations within the next 12 months. SER ratings range from 1 to 9, with 9 indicating the highest risk of failure. We’ve prepared an infographic to help business owners better understand what influences their SER Rating.

    Moody`s ESG Solution
    ESG Profile

    Company and Sector Performance
    41

    100
    Limited (1)
    ESG Perfomance (/100)
    Environment
    38
    Social
    37
    Governance
    51
    6 Domains Performance (/100)
    Business behaviour
    49
    Human rights
    43
    Community Environment
    22
    Corporate governance
    52
    Human resources
    32
    Security Scorecard
    68

    Threat indicators
    F
    43
    Network Security
    Detecting insecure network settings
    A
    100
    Hacker Chatter
    Monitoring hacker sites for chatter about your company
    B
    81
    DNS Health
    Detecting DNS insecure configuration and vulnerabilities
    F
    43
    Application Security
    Detecting common website application vulnerbilities
    A
    90
    Endpoint Security
    Detecting unprotected enpoints or entry points of user tools, such as desktops, laptops mobile devices, and virtual desktops
    A
    100
    Cubic Score
    Proprietary algorithms checking for implementation of common security best practices
    D
    65
    Patching Cadence
    Out of date company assets which may contain vulnerabilities of risk
    A
    100
    Social Engineering
    Measuring company awareness to a social engineering or phising attack
    B
    80
    IP Reputation
    Detecting suspecious activity, such as malware or spam, within your company network
    A
    100
    Information Leak
    Potentially confidential company information which may have been inadvertently leaked

    Industry Comparison
    brenntag.com
    Industry average
    Adverse Media Appearances
    Environmental Issues
    1
    Workforce Health Safety Issues
    0
    Product Service Issues
    4
    Human Rights Issues
    0
    Production Supply Chain Issues
    0
    Environmental Non Compliance Flags
    5
    Corruption Issues
    0
    Regulatory Non Compliance Flags
    5
    Fraud Issues
    0
    Labor Health Safety Flags
    0
    Regulatory Issues
    2
    Workforce Disputes
    0
    Sanctions
    3
    esg energy transition
    50
    Discrimination Workforce Rights Issues
    0
    esg controversies critical severity
    No

    Production Chemicals market report transcript


    Global Market Outlook on Production Chemicals

    The global production chemicals market is estimated to be $2.9 billion in 2020, and it is expected to reach $3.6 billion by the end of 2023, with a CAGR of 7.05 percent. In Q2 2020, the production chemicals market across all the regions is expected to
    decline, due to production cuts by OPEC

    • Production chemicals are mandatory requirement during production operation. However, there are many regional and global providers present in the market, except for proprietary products
    • North America and Middle East regions are highly matured, while APAC and LATAM regions are medium matured markets

    The global market for production chemical is estimated to be at $2.9 billion in 2020. On a global scale, demulsifier chemicals contribute to the majority of the market share in 2020

    • The production chemicals market is expected to drop by more than $1 billion in 2020 compared to 2019, due to lower oil and gas activities across the globe 
    • In terms of value, the global oil & gas production chemicals market stood at $2.9 billion in 2020. The market is forecast to reach $3.6 billion by the end of 2023, with a CAGR of 7.05 percent
    • The production chemicals market is completely dependent on oil & gas production. The oil production dropped by at least 10 million barrels/day in H1 2020 plummeting the demand for production chemicals. The market is expected to drop by $1 billion in 2020. Furthermore, OPEC has announced further production cuts by 1.2 million barrels/day from July 2020, which is expected to downward market impact on production chemicals
    • Segment wise, demulsifier accounted for 30 percent of the overall production chemicals market in 2020, followed by corrosion and scale inhibitors, with 15 percent of the overall production chemicals market in 2020 

    Regional Market Overview for Production Chemicals 

    North America held the major share of the production chemicals market in 2020, and the trend is likely to continue throughout the forecast period. The high market share is ascribed to the high oil production across the region

    The market is matured in the North America region. Highest oil production in the region compared to other regions poised demand for production chemicals. However, the market is expected to drop by approximately $1 billion in 2020, due to production cuts and COVID-19 pandemic in the region

    • MEA contributed to around 20 percent of the overall production chemicals market. However, the market is expected to impact downward, due to production cuts
    • The European and LATAM regions collectively contributed to 24 percent of the global oil & gas production chemicals market. In Europe, the production chemicals market is driven by the offshore activates across the North Sea region
    • The APAC market stood at $0.4 billion in 2019

    Global Production Chemicals: Market Drivers and Constraints 

    Drivers 

    • Production chemicals are a mandatory requirement during crude oil production and separation process post-production in oilfield. Increasing in number of drilling wells globally will increase demand for production chemicals
    • An expected, increase in CAPEX spending by major oil & gas companies will drive the demand for production chemicals in the near future
    • Advancement in technologies related to nanotech production chemicals is likely to increase the demand

    Constraints

    • Stringent environment & emission regulations are making production chemicals costlier across several countries
    • Major oil & gas assets in Australian Offshore, Gulf of Mexico, Canada are located in environmentally sensitive areas requiring the state-of-art technology, which comes with higher cost
    • Current scenario of low oil prices led to production cuts, affecting production chemicals market
    • Persisting production cuts by OPEC has significantly affected the production chemicals market