openPR Logo
Press release

Oilfield Chemicals Market Shares, Strategies and Forecasts, Analysis and Overview

09-05-2018 04:12 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Coherent Market Insights

Oilfield chemicals find major application in the exploration of natural gas and at various levels of oil & gas production process. Oilfield chemicals are used as corrosion inhibitors, emulsion breakers, cementing super plasticizers, paraffin dispersants, and drilling additives, among others. Oilfield chemicals market continues to witness strong growth as it has led to cost-effective extraction, exploration, and production of oil and natural gas. Oilfield chemicals are regarded as the essential fossil fuel elements as it helps in a feasible way of drilling reservoirs of gas or oil in various terrains along with the easy extraction of abundant fossil fuels until the amount of recovered fuel becomes too expensive to continue.

Download PDF Brochure @ www.coherentmarketinsights.com/insight/request-pdf/332

With the increase in dependency on oil & gas industries, owing to increased domestic oil consumption, upsurge in vehicle parc, growing attention towards building deep sea oil reserves, increased usage of diesel for irrigation purposes due to the weather fluctuations and irregularities of monsoon along with rising air traffic are expected to fuel growth of the global oilfield chemicals market. Oilfield chemicals find major application in drilling activities, owing to increasing need to improve and enhance the efficiency and productivity of drilling operations. For instance, oilfield chemicals are highly used in ensuring protection of the drilling equipment and pipes from corrosion by segregating the oil and water from oil which usually blend together.

Owing to the unprecedented drop in oil prices globally, the oil and gas exploration and production has slowed down in several regions. This has in turn brought down the rate of drilling activities thereby posing a major restraint for the growth of global oilfield chemicals market. Hence, the supply demand imbalance wherein the supply of oil is expected to continue whereas, the demand for oil is expected to slow down would inhibit growth of the global oilfield chemicals market.

However, drilling fluids is expected to continue to remain the dominant source of demand for global oilfield chemicals market owing to the increasing demand for advanced water-based and high value drilling fluids. Rising exploration of unconventional resources such as shale gas and coalbed methane along with growing interest in deep sea and ultra-deep water projects such as in Western Australia, in 2017, some 200 kilometres off the west coast, the largest floating off-shore production facility is about to begin its operations in Browse LNG Basin, are expected to provide the global oilfield chemicals market to grow in the near future.

Most of the oil produced in oilfields has excessive amount of water, which blends in with oil which can lead to corrosion. With an aim to reduce corrosion of pipelines, oil is separated from water through the usage of demulsifiers. Pipeline corrosion in oilfield lead to inefficiency of the oil production. Therefore, corrosion inhibitors are used which work in reaction with corrosion agents such as oxygen to inactivate them. Demulsifiers and corrosion inhibitors are very essential in oilfields as they protect the drilling equipment, containers and pipelines from damages, leakages, and corrosions.

Oilfield Chemicals Market Outlook - North America is expected to be the most lucrative region for key players

The regional coverage for global oilfield chemicals market include North America, Europe, Asia Pacific and Rest of the World. Rapid growth in the gas and oil production activities in North America represents the highest market share for oilfield chemicals industry. Exploration and production activity has surged 12% and as reported by The North Dakota Industrial Commission since OPEC's agreement, oil and gas operators will be shifting from running minimum number of rigs to incremental increases throughout 2017, so long as oil prices remain above US$ 50 per barrel.

Major players operating in the global oilfield chemical market include Baker Hughes, Akzo Nobel NV, Elementis Plc., NALCO Champion, Newpak Resources Inc., The Lubrizol Corporation, Halliburton Company, Solvay SA and others.

For More Information @ www.coherentmarketinsights.com/ongoing-insight/oilfield-c...

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Oilfield Chemicals Market Shares, Strategies and Forecasts, Analysis and Overview here

News-ID: 1222454 • Views: 157

More Releases from Coherent Market Insights

Training Market World's Top Players Include Skillsoft Limited, Safety Media, GP …
The global training market was valued at US$ 94,828.5 Mn in 2017 and is expected to exhibit a CAGR of 6.4% over the forecast period and reach US$ 174,596.6 Mn in 2027. North America accounted for 45.1% of the revenue share in the global training market in 2018. The Asia Pacific market is witnessing high growth due to increasing demand for cost effective learning management solutions. Moreover, an increase in
5G Infrastructure Market To Witness Double Digit Cagr By 2027
5G is a key enabler for the futuristic digital world. It offers ultra-high broadband infrastructure, for application in various sectors such as healthcare, automotive, and manufacturing. Increasing number of connected devices plays a key role in growth of the 5G infrastructure market. For In depth Information Get Sample Copy of this Report @ https://www.coherentmarketinsights.com/insight/request-sample/1343 Software-Defined Networking segment is projected to account for the dominant position in global 5G infrastructure market over
Semiconductor IP Market Top Keyplayers Arm, Synopsys, Cadence, Imagination, Latt …
A semiconductor Intellectual Property (IP) is a logic unit or logic chip that can be reused and is an intellectual property of a circuit. This IP is used in integrated circuit designs or field-programmable gate array (FPGA) logic designs as building blocks. Semiconductor intellectual property enables faster chip design by using existing blocks. It is also responsible for improving the quality of any device, in turn enhancing the efficiency of
Online Marketing Place for Hospitality Services Market Top Keyplayers Hotwire, H …
The desktop platform holds a dominant position in the global online marketing place for hospitality services market, whereas, the mobile platform is expected to grow with the largest CAGR over the forecast period, owing to increasing popularity of mobile apps and mobile-based websites. In addition to this, the increasing number of smart phone users is a major factor providing swift growth to the mobile platform of this market. Online Marketing

All 12046 Releases


More Releases for Oilfield

Oil Derrick Market 2017 - 2025 : Chesapeake Oilfield Services LLC, Oilfield Hire …
Global Oil Derrick Market: Overview Oil derrick is a type of derrick used in various onshore and offshore oilfield operations. It consists of a complex set of equipment and forms a critical part of drilling rigs. Over the past few the market for oil derricks is gaining traction for various offshore oil and gas rigs. Derrick is used to support massive structures of the hydraulic or electric top drive used in
Oilfield Communications Market Scope Framework 2025
Global Oilfield Communications Market: Snapshot Oilfield communications need seamless wireless networks that can offer connectivity across long distances and in difficult conditions. They provide speedy broadband connectivity that helps to run numerous applications simultaneously. In this manner they help to achieve operational efficiency. The market for oilfield communications has made impressive strides over the past few decades due to improving technologies and large number of oilfields being discovered. Request Sample Copy of
Oilfield Communications Market fairly competitive over 2025
Global Oilfield Communications Market: Overview The global market for oilfield communication is expected to grow at a strong pace in the next few years. A substantial rise in the number of oil fields across the globe is projected to encourage the growth of the overall market in the next few years. Moreover, the rising emphasis on development and adoption of new and effective communication techniques are anticipated to benefit the key
Future Trend of Global Oilfield Services Market
Research Beam has added a report on “Global Oilfield Services Market Research Report 2017”. The report entails the qualitative and quantitative analysis of current and future market estimations. It also divulges details about the mode of research methodology used for the study. It includes data from primary as well as secondary resources. The report is a useful resource for industry players, new entrants in the marketplace, and investors as it
Oilfield Consumables Market Size 2017-2022 Wildcat Minerals, Accurate Oilfield S …
Oilfield Consumables Market Research 2017 A market study ” Global Oilfield Consumables Market ” will help you understand, formulate and implement strategic decisions by offering critical data, insights and analysis from technology as well as commercial perspective on the Oilfield Consumables market. It encloses an in-depth Research of the Oilfield Consumables market state and the competitive landscape globally. This report consist of comprehensive market data, on a granular level, providing a
Global Oilfield Specialty Chemical Market | MarketResearchReports.biz
Latest industry research report on: Global Oilfield Specialty Chemical Market | Industry Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth, Segmentation, Parameters, Forecasts Rising number of surgical procedure combined with the Increasing focus on maintaining hygienic environment within healthcare facilities is expected to drive the medical sterilization equipment market. Complete Report Details @ https://www.marketresearchreports.biz/reports/636901/global-medical-sterilization-equipment-and-market-research-reports Global medical sterilization equipment market is forecast to grow at a CAGR of 6.75% during 2016 – 2021F, driven