Oilfield Chemicals Market Set to Grow Massively by 2020-2027 with Profiling Players Akzo Nobel N.V., Albemarle Corporation, Baker Hughes

The global oilfield chemicals market is expected to reach US$ 43,685.6 Mn in 2027 from US$ 29,120.0 Mn in 2018. The market is estimated to grow with a CAGR of 4.7% from 2019-2027.

Exploration and production (E&P) are called the upstream division of the oil and gas industry. The resource holders and workers of E&Ps work along with a variety of workers, which include engineering procurement and construction (EPC) contractors, and joint-venture partners, oil field service companies. The production of oil has increased in the last few years. As per the data of BP Statistical Review of World Energy 2019, global oil production increased by 2.2 million b/d. The majority of the total increase accounted for the US, with their rise in production (~2.2 million b/d).

Furthermore, oil consumption has grown by an average of 1.4 million barrels per day (b/d) or 1.5% across the globe. In the growth of oil consumption, China (680,000 b/d) and the US (500,000 b/d) were the most significant contributors to growth. Due to the rising demand for oil and investment in various projects, there is less potential supply present. The oil companies are required to boost their production. The growth in the production of oil and increasing consumption of the associated with oilfield chemicals promote the growth and global expansion of the oilfield chemicals providers.

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Top Key Players Profiled in This Report: Akzo Nobel N.V., Albemarle Corporation, Baker Hughes, BASF SE, Ecolab, Halliburton, Newpark Resources Inc., Schlumberger Limited, Solvay, The Lubrizol Corporation

GLOBAL OILFIELD CHEMICALS – MARKET SEGMENTATION

Global Oilfield Chemicals Market – By Type

• Polymers
• Corrosion and Scale Inhibitors
• Demulsifiers
• Surfactants
• Gellants and Viscosifiers
• Others

Global Oilfield Chemicals Market – By Application

• Drilling
• Cementing
• Enhanced Oil Recovery
• Production Chemicals
• Well Stimulation
• Workover and Completion

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A detailed outline of the Global Oilfield Chemicals Market includes a comprehensive analysis of the various verticals of the businesses. North America, Latin America, Asia-Pacific, Africa, and Europe are considered for studies based on several terminologies.

It is expected to drive the Global Oilfield Chemicals Market over the betting period. This research report covers the market structure and its development prospects in the near future. After analyzing the major companies, the report focuses on new entrants contributing to the market growth. Most companies in the Global Oilfield Chemicals Market are currently using new technological trends in the market.

Finally, the researchers light up various ways to discover the strengths, weaknesses, opportunities, and threats affecting the growth of the Global Oilfield Chemicals Market. The feasibility of the new report is also measured in this research report.

Table of Contents:

• Global Oilfield Chemicals Market Overview
• Economic Impact on Industry
• Market Competition by Manufacturers
• Production, Revenue (Value) by Region
• Production, Revenue (Value), Price Trend by Type
• Market Analysis by Application
• Cost Analysis
• Industrial Chain, Sourcing Strategy and Downstream Buyers
• Marketing Strategy Analysis, Distributors/Traders
• Market Effect Factors Analysis
• Global Oilfield Chemicals Market Forecast

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