Oil Field Chemicals Market 2022 Global Key Player: BASF SE, Lubrizol Corporation, AkzoNobel N.V., The Dow Chemical Company, Schlumberger, Halliburton, Kemira Oyj, Clariant

Market Scenario

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.

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

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Study Objectives of Oil Field Chemicals Market

• To provide detailed analysis of the market structure along with forecast for the next 6 years of the various segments and sub-segments of the Global Oil Field Chemicals Market

• To analyze and provide insights about factors affecting the market growth

• To Analyze the Global Oil Field Chemicals Market based on various factors- price analysis, supply chain analysis, porters five force analysis etc.

• To provide historical and forecast revenue of the market segments and sub-segments with respect to respect to regions and their respective key countries

• To provide country level analysis of the market with respect to the current market size and future prospective

• To provide country level analysis of the market for segments by Fluid type, Application, Material and by region

• To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market

• To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the Global Oil Field Chemicals Market.

Intended Audience

• Oil Field Chemicals manufacturing companies
• Oil Field Chemicals service providers
• Oil & Gas industry Consultants and Investment bankers
• Government as well as Independent Regulatory Authorities

Key Players

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.

Segments

The Oilfield Chemicals market has been segmented on the basis of material as Specialty Chemicals, Commodity Vehicles, and Polymers. On the basis of application the market has been segmented as Production chemicals, Drilling fluid Chemicals, Stimulation Fluid Additives. On the basis of Fluid type the market has been segmented as drilling, completion, 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.

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.

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