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Global Oilfield Process Chemicals Market is Estimated to Reach $37 Billion by 2025, Says Accurize Market Research
Global Oilfield Process Chemicals Market
Rise in oil exploration & production activities and rapid expansion of shale oil & gas drilling & production across the globe to drive the growth of the market
The rise in oil exploration & production activities and the rapid expansion of shale oil & gas drilling & production fuels the demand for the global oilfield process chemicals market. Furthermore, the ongoing activities to meet the global energy demand brought more petroleum crude oil wells to production state also boosts the growth of the market.
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Market Segmentation
The global oilfield process chemicals market has been bifurcated on the basis of product type, function, application, and geography. By product type, the market is classified into specialty chemicals, commodity chemicals, and gases. Function segment include corrosion control, rheology modifiers, viscosifiers, synthetic-based muds, scale control, fluid loss control, cement retarders, bacterial control, wax and asphaltene control, hydrate control, hydrogen sulphide control, oil and water separation, foam control, maintenance & utility, shale control, acidizing, multifunctional chemicals and other chemicals. Further, application segment contains drilling, workover, and completion fluids, cementing additives, stimulation and production chemicals, enhanced oil recovery and others. By geography, the market is segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW).
Top players in the market
The key market players include Advanced Aromatics L.P., Air Liquide, Air Products And Chemicals, Akzo Nobel, Al Sanea Chemicals, Albemarle, Anchor Drilling Fluids USA Inc, Aqua Chemicals, Ashland Aqualon Functional Ingredients, Aubin, Baker Hughes Inc. and BaritUrala, among others.
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