Oil Field Chemicals Market Forecast to 2022 | Report on Industry Insights, Market Overview, Top Company Players and Comprehensive Analysis

Oil Field Chemicals Market Information Report by Material, Application (Production Chemicals, Drilling Fluid Chemicals, Stimulation Fluid Additives), by Fluid Types (Drilling, Completion, Stimulation), and By Region - Global Forecast to 2022

Waste to Energy Global Market - Overview

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.The Oilfield Chemicals Market is expected to register a high growth at a rate of around 5%.

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Top Key Player:-

Some of the key players in the Oil Field Chemicals market are BASF SE (Germany), Lubrizol Corporation (U.S.),AkzoNobel N.V. (Netherlands), The Dow Chemical Company (U.S.), Schlumberger, Halliburton (U.S.), Kemira Oyj (Finland) and Clariant (Switzerland) among others.

Industry Updates:-

April 2018 SCF Partners have recently collected $800 million for a new fund, which is one of a small but rising number of private-equity firms looking for capitalizing on the nascent recovery in the oil field-services sector. The firm’s current portfolio comprises of Rockwater Energy Solutions Inc. which deals in oil field chemicals that had merged last year with publicly traded Select Energy Services Inc. The merger was part of an all-stock deal. The joint company’s water-related services have been using the Select name, but Rockwater's chemicals business unit is using the Rockwater brand name.

Industry Segments:-

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.

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Regional Analysis of Oil Field Chemicals:-

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.

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