Press release
Oilfield Chemicals Market Growth & Trends By Top Key Players 2024:Halliburton, Elementis Global, DuPont, Berkshire Hathaway, Baker Huges, Albemarle Corporation, AES Drilling Fluids, LLC, Air Products, Ashland, AkzoNobel, AMCOL International, AMCOL Interna
Oilfield Chemicals Market
Asia Pacific is projected to observe the highest growth rate up to 2024. Increase in drilling, stimulation and cementing activities will drive regional industry growth. In addition, large investment in the energy sector by India and China, owing to the upsurge in demand for petroleum and crude oil is projected to increase the oilfield chemicals market demand.
Request for a Table of Content of this research report @ https://www.gminsights.com/request-toc/upcoming/2309
Rising demand from applications including oil-based power plants, petro refineries, and sludge oil treatments will fuel Middle East & Africa market. Presence of several old oil wells for reconstruction coupled with continuous efforts to explore new oil wells is one of the key factor driving regional industry growth. Presence of deep water reserves, corrosive offshore fields, and shale reserves in regions will boost the product demand.
Global industry share includes AMCOL International, Akzo Nobel, American Colloid, Ashland, Air Products, AES Drilling Fluids, Albemarle Corporation, Baroid Fluid Services, Baker Hughes, Berkshire Hathaway. Other major industry players include Canadian Energy Services & Technology Corporation, Chemtura Corporation, Capitol Aggregates Ltd, Dow Company, Elementis Plc, Halliburton Company, Nalco Champion & Excalibar Minerals are among the prominent players of the industry.
Request for a Customization of this research report @ https://www.gminsights.com/roc/2309
Mergers & acquisitions is among the key strategy adopted by the industry players. For instance, Halliburton acquired Baker Hughes, the company active in drilling chemicals. Previously, Baker Hughes acquired BJ services, a company involved in cementing & stimulation activities. Schlumberger had also acquired M-I SWACO, one of the major drilling fluids company.
Increasing number of exploration across the globe will drive Oilfield Chemicals Market. Growing prominence on non-conventional sources such as coal-bed methane and shale gas will create demand for oilfield chemicals market in the coming years. Increased deep drilling and ultradeep drilling activities owing increasing demand for crude oil is anticipated to bolster the market growth.
Enhanced oilfield chemicals usage in wide range applications including cementing & drilling, completion & workover, production, well stimulation, and improved oil recovery will fuel the market growth. Overcoming problems including water gushing in the oil well at the time of exploration & drilling and gases like hydrogen sulfide and carbon dioxide causing equipment corrosion will enhance oilfield chemicals market expansion.
Make an inquiry for buying this report @ https://www.gminsights.com/inquiry-before-buying/2309
Rising demand for advanced water based drilling fluids and growing interest in the deep & ultra-deep water based drilling projects paves opportunistic ways for the industry. Enhancing productivity & optimizing costs are further expected to enhance market growth. Stringent health, safety, environmental regulations are continuously opening new scope for the industry participants. However, supply demand imbalance and geopolitical tensions pressurizing production and exploration activities of oil may and hamper the market growth.
Substantial innovation in the industry leading to increased petroleum & natural gas demand will propel the market growth. Regions with declining oil production & mature assets generates key opportunities for market growth owing to use of oilfields chemical for enhancing production in volatile areas. For instance, U.S. producers have turned to oilfield chemicals market to maintain production to meet sustained and growing demand.
By products, oilfield chemicals market can be segmented into specialty, commodity, polymers & gases chemicals. Specialty chemicals are emerged as dominating segment & are expected to continue the trend over the forecast period. Increasing application in the crude oil and petrol refinery activities has positively influenced demand in this segment. Improved recovery of oil from the oil-wells will fuel the segment demand. Various R&D activities undertaken by the companies for introducing eco-friendly rheology modifiers will further bolster demand.
Browse Full Report @ https://bit.ly/2RH2W48
Based on the application, industry can be classified into drilling fluids, production chemicals, well stimulations, cementing, enhanced oil recovery and workover & completion. Drilling fluids is projected as the largest segment owing to increasing deep & ultra-deep drilling activities. Moreover, well stimulations & enhanced oil recovery are further expected to witness high gains over the forecast period.
Related Report
https://www.gminsights.com/industry-analysis/compressor-oil-market
https://www.gminsights.com/industry-analysis/coil-coatings-market
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact Us
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.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 Growth & Trends By Top Key Players 2024:Halliburton, Elementis Global, DuPont, Berkshire Hathaway, Baker Huges, Albemarle Corporation, AES Drilling Fluids, LLC, Air Products, Ashland, AkzoNobel, AMCOL International, AMCOL Interna here
News-ID: 1458028 • Views: …
More Releases from Global Market Insights Inc.
Latest Research Report On Agricultural Adjuvants Market 2021. Major Players Incl …
The agricultural adjuvants market is expected to observe noteworthy growth on account of increasing demand for high-quality crops. Adjuvants commonly act as an additive in pesticides that increase its effectiveness and smoothen its mixing application.
The demand for plant protection products in countries like Bangladesh, India, and Vietnam has surged considerably in recent years. Ever-increasing population across developing economies has forced farmers to produce large quantities of high-quality yields. Citing…
U.S. Minoxidil Market 2021 Growth Opportunities and Competitive Landscape 2027 - …
The U.S. minoxidil industry has been impacted by the COVID-19 pandemic in the form of increased stress amid job losses and health issues, creating rising incidences of hair fall and associated problems. The industry is expected to gain commendable proceeds on account of an upsurge in research studies concerned with the effectiveness of minoxidil.
Citing one such instance, in January 2021, a study published in the Dermatologic Therapy supported the efficacy…
Global Sulfosuccinate Market 2021 Future Growth With Technology and Current Tren …
Owing to these factors, estimates have revealed that the global sulfosuccinate market size will exceed USD 475.7 million in annual estimation by 2024.
Increasing adoption of high-performance materials that meet application-specific requirements across various industries, including pharmaceuticals will stimulate the need for sulfosuccinate compounds. The surging disposable incomes of consumers mainly across the developing nations have also fueled their spending capacities on household and personal care.
Sulfosuccinates are mainly a mild type…
By 2026, Graphene Market will register over 35% CAGR | Applied Nanotech, Inc, an …
The global Graphene Market is slated to gain significant momentum over the forthcoming years, as a result of the growing product consumption in the electronics sector, particularly in developing countries. This high consumption can be attributed to its superior qualities such as high electrical conductivity, durability, and toughness.
Request a sample of this research report @
https://www.gminsights.com/request-sample/detail/233
Top Key Players in The Market are:
Graphenea S.A., Applied Graphene Materials plc, ACS…
More Releases for Oilfield
Global Oilfield Services Market Deep Research Report with Forecast to 2032 | Mid …
The latest study, titled Global Oilfield Services Market 2025, Published by Coherent Market Insights, offers valuable insights into regional and global markets expected to grow between 2025 and 2032. This comprehensive research examines evolving market dynamics, value chain analysis, key investment areas, competitive landscape, regional trends, and major market segments. It also provides an in-depth evaluation of market drivers and constraints. Furthermore, the report highlights effective strategies and emerging opportunities,…
Global Oilfield Services Market Projected To Witness Substantial Growth, 2025-20 …
🚀 𝐆𝐥𝐨𝐛𝐚𝐥 𝐎𝐢𝐥𝐟𝐢𝐞𝐥𝐝 𝐒𝐞𝐫𝐯𝐢𝐜𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐭𝐨 𝐠𝐫𝐨𝐰 𝐚𝐭 𝐚 𝐂𝐀𝐆𝐑 𝐨𝐟 𝟑.𝟑% (𝟐𝟎𝟐𝟓 - 𝟐𝟎𝟑𝟐)
The Global Oilfield Services Market Report is the result of extensive research and analysis conducted by our team of experienced market researchers through -
» 70% efforts of Primary Research
» 15% efforts of Secondary Research
» 15% efforts from the subscription to Paid database providing industry overview, macro and micro economics factors, and financials of private limited companies
📈…
Global Oilfield Services Market Estimated to Experience a Hike in Growth by 2024 …
Market Overview:
Global oilfield services market is estimated to be valued at USD 134.0 Bn in 2024 and is expected to reach USD 168.77 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 3.3% from 2024 to 2031.
Market Dynamics:
The global oilfield services market is expected to witness significant growth over the forecast period, owing to rising shale oil and gas production in North America and other parts of the…
Oilfield Integrity Management Market
The Oilfield Integrity Management Market report provides a detailed overview of the industry including both qualitative and quantitative information with detailed market segmentation by management type, application. The global oilfield integrity management market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading oilfield integrity management market players and offers key trends and opportunities in the oilfield integrity…
Digital Oilfield Market Is Booming Worldwide | Schlumberger, Halliburton, Baker …
HTF MI recently introduced Global Digital Oilfield Market study with in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status to 2023. The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence and some of the key players from the complete study are Schlumberger, Halliburton, Baker Hughes, Sinopec Oilfield Service, Honeywell International, Siemens, National…
Oilfield Drilling Additives key market participants AkzoNobel, The Dow Chemical …
Oilfield chemicals play a significant role in the oil and gas industry. Most common oilfield chemicals used by the industry are organic chemicals and solvents, surfactants, transition metal compounds, inorganic salts, water-soluble and oil-soluble polymers. These chemicals control the bacterial growth, foam & wax formation and corrosive action in oils and gases. Drilling additives is one of the major applications in the oilfield chemicals market.
Chemical formulations used for multiple functions…
