Oilfield Chemicals Market with top key players like Dowdupont (U.S), BASF SE (Germany), and more...

Oilfield Chemicals Market

Oilfield chemicals are components available in liquid forms, widely used in oil & gas drilling projects for amendments in oil & gas exploration field operations. Drilling and production facilities mainly utilizes these chemicals to improve productivity and efficiency of the process & petroleum refining as well as to attain optimum performance with effective oil recovery. Oilfield chemicals promotes the maintenance of smooth operating oilfield, resulting in reduction of expenses over setbacks and stoppage faced during drilling processes. Additionally, they obstruct the formation of the metal scales and diminish the water level into the oil well during exploration & drilling, which positively affects in increasing demand and applications of oilfield chemicals.

The Major Players Covered in this Report:
Dowdupont (U.S), BASF SE (Germany), Clariant (Switzerland), Sarvamangal Enterprise (India), Halliburton (U.S), Akzonobel (Netherlands), Global Drilling fluid & chemicals Ltd. (India), Imperial Oilfield Chemicals Pvt. Ltd. (India), Schlumberger Limited (U.S), Solvay (Belgium), Baker Hughes (U.S), Kemira (Finland), and Croda International Plc. (U.S). 

Global oilfield chemicals market is expected to grow at a CAGR of 4.21% during the forecast period of 2019–2026 and attain a value of USD 158.4 million by 2026.

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By Product Type,Demulsifiers, Inhibitors & Scavengers, Rheology Modifiers, Friction Reducers, Biocides, Surfactants, Foamers, Others,

By Application, Production, Well Stimulation, Drilling, Enhanced Oil Recovery, Cementing, Workover & Completion,

Segmentation Insights

The global oilfield chemicals market is segmented by product type, application and region.

On the basis of product type, oilfield chemicals market is segmented into demulsifiers, inhibitors & scavengers, rheology modifiers, friction reducers, biocides, surfactants, foamers, and others. Rheology modifiers segment is likely to hold major share in the market during the forecast period. This is attributed to superior properties of chemical to enhance crude oil properties such as thickening, emulsification, stabilization, and conditioning.

Based on application, oilfield chemicals market is segmented into production, well stimulation, drilling, enhanced oil recovery, cementing, and workover & completion. Production segment is likely to witness a significant growth during the forecast period. This is attributed to increasing production of crude oil in regions such as the Middle East and North America and the rising use of EOR techniques to explore mature oilfields.

Regional Analysis For Oilfield Chemicals Market:

North America (United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

In this study, the years considered to estimate the market size of the Oilfield Chemicals are as follows:

History Year: 2014-2019
Base Year: 2019
Estimated Year: 2020
Forecast Year 2021 to 2026

The study objectives of this report are:

To study and forecast the market size of the Oilfield Chemicals in the global market.
To analyze the global key players, SWOT analysis, value, and global market share for top players.
To define, describe and forecast the market by type, end-use, and region.
To analyze and compare the market status and forecast among global major regions.
 Analyze the potential of the global market and the advantages, opportunities and challenges, constraints, and risks of key regions.
Identify the key trends and factors that are driving or holding back market growth.
To analyze the opportunities in the market for stakeholders by identifying the high-growth segments.
Strategic analysis of each submarket in light of individual growth trends and market contributions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
Complete analysis of the strategic strategy and growth of key players

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