Sulfonated Asphalt Market - Global Industry Analysis, Size, Share, Growth Opportunities, Future Trends, Covid-19 Impact, SWOT Analysis, Competition and Forecasts 2022 to 2030
The global Sulfonated Asphalt Market was valued at USD 328.7 Million in 2019 and is projected to reach USD 442.1 Million by 2027, and is growing at a CAGR of 3.8% during the forecast period.
Sulfonated Asphalt Market Overview:
Sulfonated asphalt is a modified sodium sulfonate compound. 75% soluble in water. It is used as a shale stabilizer in oil-based and water-based drilling fluids. Used as a drilling mud additive, it has the functions of preventing, slipping, blocking, collapsing, dragging, suppressing, and reducing. A tough thin mud cake of sulfonated asphalt reinforces the sidewalls. It acts like clay shale, strengthening good walls by promoting the quick sealing of cracks. Sulfonated bitumen reduces water loss during high pressure and high-temperature processes and provides excellent lubricity to the solution. It is also used to prevent sticking and extend the life of the drill. Shaletone, Stabil Hole, Barisal, Ciround Asphalt, Sur-Actantf Treated ground Asphalt, Shale Fix are the main substitutes for sulfonated asphalt.
Rapid growth in drilling activities owing to surging investments in the value chain of the oil & gas industry is driving the demand for drilling fluids and lubricants. This, in turn, is expected to drive the sulfonated asphalt market over the forecast period.
Sulfonated Asphalt market size estimates and forecasts are provided in terms of sales volume (K units) and revenue (million USD), with historical and forecast data for the period 2017 to 2030, with 2022 being considered as the base year. This report segments the global Sulfonated Asphalt market in detail. Regional market sizes related to products by type, by application, and by player are also delivered. In estimating the size of the market, we took into account the impact of COVID-19 and other global crisis.
The global Sulfonated Asphalt market is the professional and accurate study of various business perspectives such as major key players, key geographies, divers, restraints, opportunities, and challenges. This global research report has been aggregated on the basis of various market segments and sub-segments associated with the global market.
Top Key Players include in the Sulfonated Asphalt Market are
Chevron Phillips Chemical, Schlumberger, Halliburton, Henan Xinxiang No.7 Chemical, GDFCL, Tianjin Summit Chemical, Minquan Dongxing Mud Material, ZORANOC, Shandong Yanggu Jiangbei Chemical, Taiqian County Hengda Chemical, Weifang Navi Trading, Hebei Linh, and others.
The Sulfonated Asphalt market research report is categorized based on type, applications and region.
On the Basis of Type:
- Regular Sulphonated Asphalt
- Potassium Sulphonated Asphalt
On the Basis of Application:
- Drilling Fluid Emulsifier
- Drilling Fluid Lubricant
On the Basis of Region:
Geographically, the global Sulfonated Asphalt market has been analyzed in various regions such as North America, Latin America, Middle East, Asia-Pacific, Africa, Europe, and India. The global Sulfonated Asphalt region is dominating this market in the upcoming future.
Emerging economies such as China and India are expected to witness significant increase in demand for sulfonated asphalt due to increased government support by subsidizing oil and gas companies for superior production.
Shale gas exploration in Canada and the United States is on the rise in North America. Hence, the region is expected to dominate the global market. The market in Latin America is expected to expand at a significant rate over the forecast period owing to increasing drilling activities in countries such as Brazil and Venezuela.
Further the regions are divided into countries as follows
- North America
- Rest of North America
- Nordic Countries
- Benelux Union
- The Netherlands
- Rest of Europe
- South Korea
- Southeast Asia
- Rest of Southeast Asia
- Rest of Asia-Pacific
- The Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Rest of Latin America
Sulfonated Asphalt Market report scope
CAGR of 3.8% during the forecast period.
Regular Sulphonated Asphalt, Potassium Sulphonated Asphalt
Drilling Fluid Emulsifier, Drilling Fluid Lubricant
Chevron Phillips Chemical, Schlumberger, Halliburton, Henan Xinxiang No.7 Chemical, GDFCL, Tianjin Summit Chemical, Minquan Dongxing Mud Material, ZORANOC, Shandong Yanggu Jiangbei Chemical, Taiqian County Hengda Chemical, Weifang Navi Trading, Hebei Linh
Regions and Countries Covered
2017 to 2022
2023 to 2030
The major key questions addressed through this innovative research report:
What are the major challenges in front of the global Sulfonated Asphalt market?
Who are the key vendors of the global Sulfonated Asphalt market?
What are the leading key industries of the global Sulfonated Asphalt market?
Which factors are responsible for driving the global Sulfonated Asphalt market?
What are the key outcomes of SWOT and Porter’s five analysis?
What are the major key strategies for enhancing global opportunities?
What are the different effective sales patterns?
What will be the global market size in the forecast period?
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