Oilfield Biocides Market Share

North American Market Forecast

Oilfield biocides market in North America is predicted to account for the largest share of 30% by 2037, impelled by the presence of multiple key companies. Moreover, in North America, the two biggest markets for oilfield biocides are the US and Canada since the companies in both countries have well-established industrial infrastructure and are continuously investing in research & development activities, to develop advanced oilfield biocides to maintain operational efficiency and prevent contamination.

APAC Market Statistics

The Asia Pacific oilfield biocides market is estimated to be the second largest, during the forecast timeframe led by the increasing use of industrial and consumer goods. Asia's consumer packaged products sector is changing as a result of changing customer habits which is likely to increase the consumption of consumer products. The production of such goods involves water systems and cooling towers which necessitates the need for oilfield biocides to maintain the efficiency of these systems in the region.