Oilfield Chemicals Global Market Key Players - Akzo Nobel N.V.; Albemarle Corporation; Zirax Limited; BASF SE – Analysis and Forecast to 2027

Market Insights
Global oilfield chemicals market is expected to register a substantial CAGR of 6.39% in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017. This rise in market value can be attributed to the reduction in operations of oilfield drilling and oil extractions with the usage of these chemicals.
Oilfield chemicals are certain chemical compounds that are used in improving the effectiveness and efficiency of operations associated in an oilfield site. The operations under which these chemicals find their application are drilling, production, completion and several other operations. These chemicals are used in the purification of equipment, machines, oil itself and the oil sites.

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Key Developments in the Market:
• In June 2018, Clariant announced that construction of their facilities situated in Clinton, Oklahoma, United States had been completed. The facility located in a strategic location is expected to meet the growing demand from the Mid-Continental region for oil and gas industry solutions. The facility provides analytical services and solutions designed to improve efficiency and operations of the oil and gas industry.
• In July 2017, Baker Hughes announced that they had agreed to be acquired by General Electric, merging it with its own oil and gas equipment and services. This acquisition will enhance the operations and servicing of General Electric for oilfield services. The newly formed organisation will be known as Baker Hughes, a GE company LLC and become the second largest provider of global oilfield services.

Major Market Players Covered in The Oilfield Chemicals Market Are:
Few of the major competitors currently working in the global oilfield chemicals market are Akzo Nobel N.V.; Albemarle Corporation; Zirax Limited; BASF SE; Kemira; Solvay; Ashland; Baker Hughes, a GE company LLC; CES Energy Solutions Corp.; Clariant; Chevron Phillips Chemical Company; Flotek Industries, Inc.; Halliburton; Huntsman International LLC; Innospec Oilfield Services; Ecolab; Schlumberger Limited; Scomi Group Bhd; Dow; Stepan Company; Diamoco Group; EMEC; Gumpro Drilling Fluids Pvt. Ltd.; Chemiphase Ltd; Jiaxing Midas Oilfield Chemical Mfg Co., Ltd; Imperial Oilfield Chemicals Private Limited and AES Drilling Fluids.

Market Drivers:
• High demand for petroleum-based products, and a rise of petroleum as a fuel from the automotive industry is one of the major factors driving the growth of the market
• Increasing usage and demand for shale gas from the various industry verticals; this factor is expected to drive the growth of the market
• Rise in the levels of urbanization and population boom globally; the market is expected to be positively affected

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Global Oilfield Chemicals Market Scope and Segments
By Application
• Upstream
o Drilling
o Cementing
o Production chemicals
o Workover & Completion
o Flowlines
o Production Pipelines
o Well Stimulation
o Enhanced Oil Recovery (EOR)
• Midstream
o Flow Assurance
o Cargo Additives
o Water Treatment Chemicals
o Desalting Chemicals
o Slop Oil Movement
o Others
• Downstream
o Petrochemical Additives
o Refinery Process Chemicals
o Refinery & Finished Fuel Additives
Regional Analysis
• Middle East and Africa
• North America
• South America
• Europe
• Asia-Pacific

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Strategic Points Covered in Table of Content of Global Oilfield Chemicals Market:
1. Introduction
2. Market Segmentation
3. Market Overview
4. Executive Summary
5. Premium Insights
6. By Component
7. Product Type
8. Delivery
9. Industry Type
10. Geography
11. Company Landscape
12. Company Profiles
13. Related Reports

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