Biopolymers For Stimulation Fluids Market - Forecasts from 2024 to 2029

The biopolymers for stimulation fluids market is valued at US$2.91 billion in 2024 and is projected to grow at a CAGR of 4.95% over the forecast period.

Rising exploration and production (E&P) activities worldwide are the major drivers of biopolymers for the stimulation fluids market. Geographically, North America holds the major market share owing to the region's newly discovered shale gas fields. APAC will witness significant regional market growth during the forecast period due to increased demand for biopolymer-based stimulation fluids for unconventional reservoirs.

• The world oil demand has continuously increased, from 97,191in 2021, 99,655 in 2022, and 102,212 in 2023 (values in 1,000 b/d). These figures indicate the rising demand for crude oil on a year-on-year basis.
• The United Arab Emirates’ infrastructure investment comprises US$132 million for social projects, USD$80 million for energy projects, and USD$83 million for unspecified infrastructure projects. These developments in the infrastructure include disaster and climate adaptation, pollution reduction, low-carbon transition, environmental regeneration, and digital connectivity outcomes in upcoming years.

BIOPOLYMERS FOR STIMULATION FLUIDS MARKET DRIVERS:

Increasing oil and gas demand

Using biopolymers for stimulation fluids would be helpful in innovating oil production in a cost-effective and environment-friendly way. Crude oil production in OPEC members was 25,239 in 2021,  27,758 in 2022, and 26,799 in 2022 in 1,000 barrels/day. These numbers suggest the huge demand for oil in the world market. Oil and gas demand would remain significant in the forecast period. Natural polymers can be obtained in significant quantities from various renewable sources. These properties would be helpful in the development of biopolymers.

Rising demand from the construction sector

Biopolymers' applications in construction are widespread. They are mainly used in the engineering construction industry as stimulation fluids. As building material technology progresses, improved biopolymers for stimulation fluid will be needed. This can be achieved by further refining existing biopolymers or introducing new biopolymers to construction applications. Many ongoing projects lead to the demand for engineering inputs.

Several ongoing and announced projects in the United States for robust infrastructure development have been outlined. For example, a US$220 million project for the Howard Hanson Dam to help maintain flood risk management, increase municipal and industrial water supply to Tacoma Public Utility, a US$57.5 million for a reliable water supply facility for the 30,000 citizens in Montana, I-375 Reconnect Project in Detroit, Michigan, etc. Improvements in the present infrastructure and the making of new infrastructure are needed for raw material application and manpower demand.

Biopolymers for Stimulation Fluids Market Geographical Outlook

The Asia Pacific region will dominate the biopolymers for stimulation fluids market during the forecast period.

By geography, the market is segmented into North America, South America, Europe, the Middle East and Africa, and Asia Pacific. The major economies like China, Japan, India, and South Korea dominate the Asia-Pacific region. Some of the fastest-growing emerging economies, such as ASEAN countries, are from this region. The growing economies of Asia Pacific are leading to the demand for biopolymers in the region.

Biopolymers for stimulation fluids market product offerings:

• FLOWZAN® Biopolymer- Flowzan Biopolymer by Chevron Phillips Chemical Company LLC is a pure and xanthan gum biopolymer that significantly enhances product dispersion and solubility and reduces the formation of fisheyes. Advantages of thinning fluid for optimum penetration rates include minimizing formation damage and thermal stability in freshwater and saturated saltwater applications and reducing circulating pressure losses.

About Report

The research study examines the Biopolymers for Stimulation Fluids market report based on biopolymer type, treatment, type, and geography. Major drivers, restraints, and opportunities have been mentioned to provide an exhaustive market picture. Furthermore, this report provides current market trends related to demand, supply, and sales, in addition to recent developments.

The market report estimates the overall market size in terms of value (US$) while providing a comprehensive analysis of the key segments and the geographical subdivisions in detail. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each geographical segment. Moreover, the research study analyzes the overall regulatory framework of the Biopolymers for Stimulation Fluids market, offering stakeholders a better understanding of the various policies, laws, and regulations. It also contains in-depth information gained through primary and secondary research methods, which have been assessed using various effective analytical tools. Thus, the research report presents near-accurate market estimates based on the data attained from such systematic research.     

The research report also analyzes the competitive landscape of the Biopolymers for Stimulation Fluids market by reviewing the company profiles of the leading market players. This section also identifies the market hierarchy by analyzing these players' mergers and acquisitions, current developments, and strategies.

The biopolymers for stimulation fluids market is segmented and analyzed as follows:

By Biopolymer Type

• Guar Gum
• Xanthan Gum
• Polyacrylamide
• CMC (Carboxymethylcellulose)
• Others

By Treatment

• Hydraulic Fracturing Treatment
• Matrix Treatment

By Type

• Water based
• Oil-based

By Geography

• North America
• USA
• Canada
• Mexico
• South America
• Brazil
• Argentina
• Rest of South America
• Europe
• United Kingdom
• Germany
• France
• Italy
• Spain
• Rest of Europe
• Middle East and Africa
• Saudi Arabia
• UAE
• Rest of the Middle East and Africa
• Asia Pacific
• China
• India
• Japan
• South Korea
• Taiwan
• Thailand
• Indonesia
• Rest of Asia-Pacific