Increasing emphasis on shale gas production, Technology advancements, and rising demand for environment-friendly and natural products fuel the demand for oilfield chemicals market globally
Published | 16 March 2019
Despite price fluctuation of crude oil and increasing environment concern, oilfield chemicals market is projected to have healthy growth. Oilfield chemicals are used throughout entire process with the prime objective of improving the production capacity and process efficiency. The major driving factor of global Oilfield Chemicals market is the growing demand for advanced drilling fluid and shift in inclination towards exploiting the unconventional hydrocarbon resources. For separating gas from oil or separating oil from gas oilfield process chemicals are used. It is also responsible for the removal of water vapor, acid gas separation, and heavy hydrocarbon separation from the gases.
Oilfield chemicals market is projected to experience moderate growth in terms of market value. Owing to Availability of a large number of offshore shale reserves, increasing demand for crude oil, and growing product demand in various petroleum operations. These chemicals impede the formation of the metal scales and reduce the water quantity into the oil well throughout exploration & drilling, which results in rising demand and applications of oilfield chemicals. Oilfield chemicals market continues to witness sturdy growth as it led to cost-effective extraction, exploration, and production of oil and natural gas.
Demulsifiers segment is projected to be the leading type of the oilfield chemicals market during the forecast period.
Demulsifiers type is the dominating segment of the entire oilfield chemicals market during the forecast period 2019-2025. Demulsifiers are chemicals that are used to separate emulsions. They are mostly used when the substance mixture is stable and thus the substances cannot separate easily. Stable emulsions do not break easily. The choice of the type of demulsifiers depends on the emulsions present. Demulsifiers weaken or cancel out the electrostatic forces of repulsion between water droplets with an effect of causing them to come together.
North America constituted the maximum market share in the global oilfield chemicals market during the forecast period.
Geographically, North America is expected to account for the largest market size during the forecast period. The U.S. constituted lion’s share of the oilfield chemicals market in North America, in terms of volume and revenue and projected to continue its dominance during the forecast period 2019-2025. Technological advancement and increase investments in unconventional drilling activities and rapid development of shale gas fields are expected to increase the demand for oilfield chemicals in the near future. China is one of the countries with the highest crude oil production costs in the world. The growing demand for crude oil and petroleum and large investments in the energy sector for the economic developments of nations lead the APAC as the fastest growing region.
Global Oilfield Chemicals Market Competitive Landscape
Companies such as BASF SE, Dow Chemical Company, The Lubrizol Corporation, Akzo Nobel N.V., Stepan Company, Schlumberger Limited, Halliburton, Kemira, Clariant, NALCO, Solvay, Baker Hughes, Croda International Plc., Newpark Resources Inc., Albemarle Corporation, Gumpro Drilling Fluids Pvt Ltd, Kao Chemicals, Imperial Oilfield chemicals Pvt Ltd. are the key players in manufacturing oilfield chemicals globally.
Don’t miss the business opportunity of Oilfield Chemicals Market. Consult to our analyst and gain crucial insights and facilitate your business growth.
The in-depth analysis of the report provides the growth potential, upcoming trends and statistics of Global oilfield chemicals Market size & forecast. The report promises to provide state-of-the-art technology of oilfield chemicals and industry insights which help decision makers to take sound strategic decisions. Furthermore, the report also analyzes the market drivers and challenges and competitive analysis of the market.
BlueWeave Consulting is a one-stop solution for market intelligences regarding various products and services online & offline. We offer worldwide market research reports by analyzing both qualitative and quantitative data to boost up the performance of your business solution. Our primary forte lies in publishing more than 100 research reports annually. We have a seasoned team of analysts working only for various sub-domains like Chemical and Materials, Information Technology, Telecommunication, Medical Devices/Equipment, Healthcare, Automotive and many more. BlueWeave has built its reputation from the scratches by delivering quality performance and nourishing the long-lasting relationships with its clients for years. We are one of the leading digital market intelligence generation company delivering unique solutions for blooming your business and making the morning, more rising & shining.
Global Contact: +1 866 658 6826
- Oilfield Chemicals Market Analysis By Product (Inhibitors, Demulsifiers, Rheology Modifiers, Friction Reducers, Biocides, Surfactants, Foamers), By Application – Production Chemicals, Drilling, Well Stimulation, Cementing, Enhanced Oil Recovery, Workover And Completion), By Region (North America, Europe, Asia Pacific, Middle East & Africa And Latin America); Size And Forecast, 2015-2025
Publish Date: March 2019
Relevant Press Releases
- Global Edible Packaging market is anticipated to grow at a CAGR of 5.7 % to reach US$ 1,087 Million by 2026
- The Global Polyurea Market is expected to register growth at a CAGR of 4.96% from 2020-2026
- Global Specialty Sugar Market to witness a surge in its valuation with a CAGR by 2026
- Global Corrugated Packaging Market Research Report - Forecast to 2025
- Contact Lenses Market Thriving: Projected to Reach USD 11.48Billion by 2027