Oil Field Chemicals Market Size, Business Growth Strategies, Latest Innovations, Competitive Landscape, Industry Trends and Forecast to 2022

Oil Field Chemicals Market to Perceive a Phenomenal Growth by 2022 registering a CAGR of approx. 5%
Oil Field Chemicals Market Information Report by Material, Application (Production Chemicals, Drilling Fluid Chemicals, Stimulation Fluid Additives), by Fluid Types , and By Region – Global Forecast to 2022

Oil Field Chemicals Market Highlights:-

The growth in the Oil & Gas industry will create a positive impact on the market for global oil field chemicals. This market is majorly influenced by the increasing crude oil production. The current oil price dynamics is anticipated to affect the overall market growth as the declining crude oil price may offset the profit margins of the specialty oilfield chemicals manufacturers. Deep-water and unconventional reserves exploration requires specialized and sophisticated chemicals. With the current oil market scenario, formulating them will be an expensive task. Therefore, the market is projected to register a moderate CAGR ~5% during the forecast period. However, the sale of production chemicals is not expected to be as affected as chemicals used in drilling, stimulation, and other applications. Additionally, the Growing concerns pertaining to energy security makes it mandatory to optimize exploration and production of hydrocarbons.

In spite of these factors, the intercooler Oil Field Chemicals Market growth could be restrained by the factors such as declining crude oil prices and increasing environmental concerns. Whereas, the exploration activities are untapped in regions like India, China, Norway, Canada, Mexico and U.S. will create ample opportunities in future.

 

Top Key Players:-

  • Schlumberger
  • BASF SE
  • Lubrizol Corporation
  • AkzoNobel N.V. 
  • The Dow Chemical Company 
  • Halliburton 
  • Kemira Oyj
  • Clariant

 

Get Sample report @ https://www.marketresearchfuture.com/sample_request/1755 

 

Latest Industry News:-

In November, 2017 – Schlumberger inaugurated the newly expanded reservoir rock and fluid analysis laboratory located in Houston, Texas. The state-of-the-art lab enables petro technical experts to better leverage physical and digital rock and fluid analysis for comprehensive reservoir characterization.

In July, 2017 – Schlumberger announced an agreement to acquire a majority (51%) equity interest in Eurasia Drilling Company Limited.

 

 Oil Field Chemicals Global Market – Segmentation

The scope of global Oil Field Chemicals market is segmented into three major segments which are explained below:

By Material

  • Specialty Chemicals
  • Commodity Vehicles
  • Polymers

By Application

  • Production Chemicals
  • Drilling Fluid Chemicals
  • Stimulation Fluid Additives

By Fluid Types

  • Drilling
  • Completion
  • Stimulation

 

Browse Complete Report @ https://www.marketresearchfuture.com/reports/oil-field-chemicals-market-1755 

 

Worldwide Oil Field Chemicals Market – Geographical Analysis

North America holds the hegemony of this market owing to the augmented exploration activities in the USA and Canada which are increasing the demand for oilfield chemicals and hence its market value.

The Middle East region despite the ongoing political instability will perceive a substantial growth rate attributing to the unfavorable geological conditions (extreme heat/cold) that demand more advanced & expensive oilfield chemicals.

Whereas in India, government’s support and the decision to auction Govt. owned 69 inactive O&G fields to private companies on a new revenue-sharing contract is projected to fuel O&G exploration activities increasing the oilfield Chemicals market growth.

 

 

 

 

 

 

 

 

 

 

 

Media Contact
Company Name: Market Research Future
Contact Person: Abhishek Sawant
Email: Send Email
Phone: +1 646 845 9312
Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar
City: Pune
State: Maharashtra
Country: India
Website: https://www.marketresearchfuture.com/reports/oil-field-chemicals-market-1755