Press release
Oilfield Drilling Additives key market participants AkzoNobel, The Dow Chemical Company, Imerys Oilfield Solutions
Persistence Market Research (PMR)
Chemical formulations used for multiple functions in oil processing are termed as oilfield drilling additives. The additive technologies excel with emulsification and thinning or dispersion of oil-based muds. They help to create proper fluid weighting to balance pressure formation and optimize fluid flow. Other functions include maintaining strong boundary lubrication films in silicate-based mud systems specialized for shale drilling, which is done by lubricating agents. Other functions include wettability, dispersant, detergency and clay stabilization. Selection criteria of drilling additives require careful consideration of several aspects, such as pressures and temperatures, rock composition, well design, protection of the producing zone, reservoir chemistry, and environmental regulations. The focus is on performance, temperature stability and tolerance of products from contamination for drilling fluid systems.
Request Report Sample@ https://www.persistencemarketresearch.com/samples/7205
While there are many types of components and additives currently being used in the industry, usually the classification of fluids is based on the formulation of coatings as water based, oil based and synthetic based. Each type varies greatly and the composition is different with different technical specifications. The major chemicals used in the industry are sulfurized or chlorinated compounds, polyglycols, acrylics, esters polyamides, glutaraldehyde, alcohols and many more.
In a recent merger by The Lubrizol Corporation, a Berkshire Hathaway company, signed an agreement with Weatherford, stating that the company’s drilling fluids and additives business will now be a part of the Lubrizol Corporation. The Lubrizol Corporation has introduced a new mobile application called the Oilfield Drilling Fluids Product Guide, which is designed to help formulators of Oilfield Drilling Fluids to identify advanced Lubrizol chemistries that help achieve a wide range of performance needs. Arabian Drilling Corporation launched three new products AD41, AD42 and AD43; which have special drilling control systems equipped with Amphion Integration, a technology that provides compact and comfortable rigs.
Increasing demand from energy sector is creating thrust to drilling deeper for more oil extraction, the protection of oil from various harmful organisms in the biocides industry are some of the key factors driving the growth of the oilfield drilling additives market.
Total cost to target with environmentally acceptable fluid systems, European environmental concerns, strict environmental regulations are probable factors restraining the growth of the oilfield drilling additives market.
The global oilfield drilling additives market is broadly classified on the basis of formulation of coatings, type and geographies.
Based on formulation of coatings, the global oilfield drilling additives market is segmented into:
Water based
Oil based
Synthetic based
Based on type, the global oilfield drilling additives market is segmented into:
Dispersants
Fluid Viscosifiers
Corrosion Inhibitors
Biocides
Surface Modifiers
Defoamers
The most significant change in the petrochemical industry over the past five years has been the rapid exploitation of shale gas and oil reserves in North America. Global oilfield chemicals market is expected to grow owing to new wells discovery in countries like China, Poland. The global oilfield drilling additives market is expected to expand at a promising CAGR during the forecast period (2015-2025).
The global oilfield drilling additives Market is expected to register a double-digit CAGR for the forecast period. Depending on geographic regions, global oilfield drilling additives market is segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia-Pacific, Japan, and the Middle East & Africa. As of 2015, North America dominated the global oilfield drilling additives market in terms of market revenue. Asia Pacific is projected to expand at a substantial growth and in next few years, the Middle East & Africa is expected to be the greatest market as this region is exploring new oil wells and empowering in the transformation of old oil wells. This will contribute to the global oilfield drilling additives market value exhibiting a robust CAGR during the forecast period, 2015 - 2025.
Visit For TOC@ https://www.persistencemarketresearch.com/toc/7205
Some of the key market participants in global oilfield drilling additives market are The Lubrizol Corporation, AkzoNobel, The Dow Chemical Company, Imerys Oilfield Solutions, BASF, Chevron Philips Chemical Company
About Us
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.
To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.
Contact Us
Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States,
Telephone - +1-646-568-7751
USA – Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
Web: http://www.persistencemarketresearch.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 Drilling Additives key market participants AkzoNobel, The Dow Chemical Company, Imerys Oilfield Solutions here
News-ID: 1345377 • Views: …
More Releases from Persistence Market Research
Hair Texturizer Product Market Set to Reach USD 2.9 Billion by 2030 Driven by Pe …
The global hair texturizer product market is projected to expand at a compound annual growth rate (CAGR) of 6.2%, increasing from a value of USD 1.9 billion in 2023 to USD 2.9 billion by the end of 2030. This growth is attributed to evolving beauty trends, rising disposable incomes, and a growing emphasis on personalized grooming solutions.
Market Overview
Hair texturizer products enhance hair texture and styling versatility, offering a range of…
Air Cargo Security Screening Systems Market Predicted to Reach US$ 1.4 Bn by 203 …
Introduction
The air cargo security screening systems market has witnessed steady growth in recent years due to increasing concerns over cargo safety and the rising volume of global air freight shipments. Security screening systems play a critical role in ensuring compliance with aviation security regulations while preventing illegal or dangerous goods from being transported via air cargo. This report provides an in-depth analysis of the air cargo security screening systems market,…
Hair Texturizer Product Market Set to Reach USD 2.9 Billion by 2030 Driven by Pe …
The global hair texturizer product market is projected to expand at a compound annual growth rate (CAGR) of 6.2%, increasing from a value of USD 1.9 billion in 2023 to USD 2.9 billion by the end of 2030. This growth is attributed to evolving beauty trends, rising disposable incomes, and a growing emphasis on personalized grooming solutions.
Market Overview
Hair texturizer products enhance hair texture and styling versatility, offering a range of…
Air Cargo Security Screening Systems Market Predicted to Reach US$ 1.4 Bn by 203 …
Introduction
The air cargo security screening systems market has witnessed steady growth in recent years due to increasing concerns over cargo safety and the rising volume of global air freight shipments. Security screening systems play a critical role in ensuring compliance with aviation security regulations while preventing illegal or dangerous goods from being transported via air cargo. This report provides an in-depth analysis of the air cargo security screening systems market,…
More Releases for PMR
AC Hose Market Trends – PMR Blog
AC Hose are important parts of the AC assembly of an automotive. AC hoses help to attach a pipe to the air-conditioning unit and intake/exit units in an Automotive. AC Hose aid in the air flow to and fro the AC unit in a vehicle. Both AC pipe and hose are designed to bear high pressure in all environments. In working condition, an AC pipe faces the pressure of 25–30…
Protein Hydrolysate Ingredients Market Trends – PMR Blog
Protein hydrolysate ingredients are the group of peptides derived from proteins. Protein hydrolysate are rich in protein content and are absorbed more quickly in comparison to other proteins. The different type of protein hydrolysate ingredients include milk protein hydrolysate and meat protein hydrolysate. These protein hydrolysate ingredients have relatively low antigenic properties. Protein hydrolysates ingredients enhance the digestibility and reduces the protein allergy especially in infants.
Request to Sample of Report-…
Yeast Ingredients Market Outlook by 2021 : PMR
Yeasts are chemoorganotrophs, as they use organic compounds to source energy and do not require sunlight for growth or survival. Yeasts are usually unicellular; although some species may be multi-cellular. The size of yeast depends on the species. Yeasts usually measure 3 to 4 µm in diameter. However, certain yeasts reach up to 40 µm in diameter. Yeasts reproduce asexually through mitosis (a process, in which, the chromosomes in a…
Confectionery Market Outlook by 2021 : PMR
The confectionery market is one of the growing sectors globally . Usually, confections are low in nutrients and high in calorie. Sugar-free confections are gaining popularity in the recent years due to factors such as increasing obesity rate, increasing number of diabetic patients, increasing nutritional and health concerns, and changing lifestyle. The confectionery market can be primarily divided into two broad categories: sugar confectionery and bakers’ confectionery . Sugar confectionery…
Cereal Bars Market Outlook by 2021 : PMR
A cereal bar is made up of nuts, oats, sugar, dry fruits, flour, honey, wheat, corn, and puffed rice. Cereal bars have always been perceived as on-the-go breakfast snack items that are healthier alternatives of chocolate and other snacks. Cereal bars are high in fiber and protein and low in carbohydrates, vitamins, minerals, sodium, and antioxidants. They come in various flavors such as chocolate, peanut butter, banana, caramel, banana, honey,…
Functional Flours Market Share by 2026 : PMR
The natural flours used for specialty applications in the food industry and undergoes different treatment process to improve their properties are called functional flours. The various properties of functional flours include cold binding capacity, thermal binding capacity, machinability, dough hydration etc. The functional flours are classified as waxy, multi-benefit, instant and granulated type depending on its features. They undergo different physical and nutritional treatment to enhance its features. In dietary…
