Increasing demand for oil and gas is expected to result in a rise in demand for the Oil Field Chemicals market. In recent times the oil and gas has been experiencing a significant downturn due to the continuous fall in the prices. These changes in the supply and demand dynamics is expected to induce a rise in the number of oil wells thus resulting in boosting the Oil Field Chemicals market. Increasing demand for oil and gas is also expected to fuel the demand in the Oil Field Chemicals market.
Industry Top Key Players:-
- BASF SE
- Lubrizol Corporation
- AkzoNobel N.V.
- The Dow Chemical Company
- Kemira Oyj
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The market for oilfield chemicals has been segmented into the segments of materials, application and fluid type. The segmentation on the basis of material segments the market into commodity vehicles, specialty chemicals, and polymers. The application based segmentation of the market comprises of drilling fluid chemicals, production chemicals, and stimulation fluid additives. Finally, on the basis of the fluid type, the market has been segmented into completion, drilling, and stimulation.
North America is the leading region for this market mainly due to the increased exploration activities in USA and Canada. The increasing exploration activities in this region have in turn resulted in an increase in the Oilfield Chemicals market. Although there exists political instability in the Middle East, this region is expected to register high growth rate in the forecast period due to increasing trend of deep water exploration and working in high temperatures which require much more expensive Oilfield Chemicals.
TABLE OF CONTENTS
2.SCOPE OF THE STUDY
3.4MARKET SIZE ESTIMATION
4.1DRIVERS & OPPURTUNITIES
4.2CHALLENGES & RESTRAINTS
4.3VALUE CHAIN ANALYSIS
4.4PORTER’S FIVE FORCES ANALYSIS
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