openPR Logo
Press release

Oilfield Chemicals Market is expected to surpass 41 million tons by 2026

08-30-2021 01:21 PM CET | Energy & Environment

Press release from: Transparency Market Research - Energy & Mining

Albany, NY - The global oilfield chemicals market has a myriad of market players and displays an immensely competitive market, reports Transparency Market Research (TMR). Prominent players in the global oilfield chemicals market are increasingly adopting strategies such as mergers and acquisitions to strengthen their ground in the market says TMR. Some of the key players in the global oilfield chemicals market are Baker Hughes (A GE Company), Halliburton, Solvay S.A., BASF SE, Schlumberger Limited, and Newpark Resources Inc.

The global oilfield chemicals market is encountering major technological changes and innovations in order to keep up with the rising demand and applications of the oilfield chemicals. Blue Gentoo has developed a new product called the intelligent hydrate platform. This product facilitates the digital transformation of oilfield by providing a real-time management of gas hydrates. One of the biggest challenges of the oilfield industry is the mitigating the risks. To tackle this issue, numerous companies are deploying advanced robotics than can be operated by humans. The new robotic P100 snake arm built by OC Robotics operates in confined spaces thereby, improving the inspection outputs.

The global oilfield chemicals market is expected to register a CAGR of 7.0% from 2018 to 2016. In terms of revenue, drilling fluids segment is expected to dominate the market owing to the growth in drilling activities. In terms of value and volume, the well stimulation fluids segment is expected to grow at the highest CAGR during the forecast period, on account of increasing applications.

Download PDF Brochure -

Increase in Oil Exploration to Boost the Demand for Oilfield Chemicals

An increase in oil exploration activities has resulted in a rise in demand for oilfield chemicals. This has led to a surge in the production of oilfield chemicals, thus propelling the global oilfield chemicals market. Additionally, the prevalence large amount of shale gas reserves and the soaring production of shale gas have contributed to an expansion of oilfield chemicals market.

Moreover, usage of the oilfield chemicals in various applications such as production, improved oil recovery, cementing and drilling, and well stimulation has fuelled the market’s growth. Further, an increasing demand for petroleum and natural has expedited the growth of global oilfield chemicals market.

Supply-demand imbalance and environmental concerns may hinder the growth of global oilfield chemicals market. However, technological innovations and a rise in production of eco-friendly oilfield chemicals will spur the oilfield chemicals market’s growth. In addition to this, numerous are engaging in research and development activities to enhance the performance of oilfield chemicals, thus facilitating an expansion in the market.

More Trending Reports by Transparency Market Research -

Regions with Declining Oil Production to Present Key Growth Opportunities

Regions with declining oil production present a major growth opportunity for oilfield chemicals market as they highly rely on oilfield chemicals for their production activities. For example, the producers in the U.S. are increasingly using oilfield chemicals to keep up with the growing demand. In addition to this, a huge investment in the energy sector by India has also presented significant growth opportunities for the market.

The global demand for unconventional energy sources has led to a large scale production of crude oil, thereby creating many opportunities for the global oilfield chemicals market. The Middle East is one of the largest producers of crude oil and the market in this region is expected to grow exponentially during the forecast period. Additionally, an increase in horizontal drilling activities has strengthened the growth ground for the oilfield chemicals market.

The study presented here is based on a report by Transparency Market Research (TMR) titled “Oilfield Chemicals Market (Product - Biocides, Corrosion and Scale Inhibitors, Demulsifiers, Surfactants, Polymers, Lubricants, Hydrogen Sulfide Scavengers, Fluid Loss Additives; Application - Production Chemicals, Drilling Fluids, Well Stimulation Fluids, Cementing Fluids, Enhanced Oil Recovery, Workover and Completion) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026.”

Request for covid19 Impact Analysis -

US Office Contact

90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453

About Us

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through ad hoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.

This release was published on openPR.

Permanent link to this press release:

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 is expected to surpass 41 million tons by 2026 here

News-ID: 2372926 • Views: 254

More Releases from Transparency Market Research - Energy & Mining

Wastewater Treatment Services Market – Notable Developments and Geographical O …
Albany, NY - Wastewater Treatment Services Market- Overview Large amount of wastewater is produced from households and industries that can be successfully treated for reuse and also for discharging it into the environment. Many regions in the world are going through water crisis. Wastewater treatment services can provide significant solutions to handle this situation. Rapid urbanization brought by industrialization and unprecedented population rise are inducing high demand for clean drinking
Key Drivers of Europe Distribution Transformer Market
Albany, NY - Europe Distribution Transformer Market­­­: Introduction The distribution transformer market in Europe was valued at US$ 3.5 Bn in 2019 and is anticipated to expand at a CAGR of 6.5% during the forecast period. Based on insulation, the liquid segment held dominant share of the distribution transformer market in Europe in 2019. In terms of insulation type, the replacement segment accounted for a larger share of the distribution transformer market in Europe in 2019. Power failures have been rising due to
Customized Peptide Generation Market Drivers, Restraints and Notable Development …
Albany, NY - Global Customized Peptide Generation Market: Overview Mechanical developments, expanding research exercises in the field of engineered science, developing weight of malignancy and irresistible illnesses, and expanding ventures and subsidizing for protein-based inquire about are the central point driving the customized peptide generation market development. Peptide usage in the pharmaceutical business has experienced an enormous change lately because of mechanical improvements. Prior, peptide generation was completed with the assistance of common sources,
Hybrid And Full Electric Marine Propulsion Market To Hit US$7,516.7 Mn By 2026
Albany, NY - The global hybrid and full electric marine propulsion market bears a fairly fragmented vendor landscape, says Transparency Market Research (TMR) in a recently published report. This is solely because of the existence of large, medium, and small scale players in the market. BAE Systems, Wartsilla Corporation, AB Volvo Penta, Niigata Power Systems, and Fairbanks Morse Engine are the leading companies in the global hybrid and full electric marine propulsion

All 5 Releases

More Releases for Oil

Transformer Oil Market, Transformer Oil Market Size, Transformer Oil Market Shar …
The Transformer Oil Market research report consists of a detailed study of the market and the market dynamics that are related to the same. The in-depth data on the development of the market is presented in the Research report. Not only this but also the detailed data on the performance of the market for the forecast period are presented in the Transformer Oil Market research report. The performance analysis is
Apricot Oil, Apricot Kernel Oil Supplier, Co2 Apricot Oil Manufacturer
The seed inside every apricot contains thin oil, which is extracted from the kernel of the seed after eating the delectable fruit. Apricot oil is also known as apricot kernel oil. This oil has been the interest of many experts for research purposes due to its infinite health benefits. It has been found that the oil could cure some serious health conditions (like cancer). Apricot oil has a profound nutty
Cooking Oil Market by Region - North America,Latin America,Europe,Japan,APEJ,MEA …
According to Fact.MR, the sales of cooking oils are expected to increase at a steady pace during the forecast period. The global cooking oil market is projected to expand at a value CAGR of 5.5% during the period of assessment (2017-2026). Also, Fact.MR analysis has revealed that the volume sales of cooking oils is estimated to surpass 250,000,000 tons by the end of the year of assessment (2026). Health advantages associated with
Cooking Oil Market by Region - North America,Latin America,Europe,Japan,APEJ,MEA …
Since several years, cooking oil section in supermarkets and hypermarkets has been a crowded spot, where individuals keep choosing on several cooking oil options available that are healthy to consume. Cooking oil is an essential component in daily cooking activity, be it a restaurant or home. This, in combination with increasing population percentage, especially in emerging economies, is expected to fuel the consumption of cooking oils. However, aspects related to
Specialty Fats and Oils Market (Product Type - Specialty Oils (Corn Oil, Sun Flo …
The global Specialty fats and Oils Market expected to reach a value of US$ 142.1 Bn by 2026. The market projected to grow at a CAGR of 6.6 % in terms of revenue during the forecast period from 2018 to 2026, according to a new research report by Transparency Market Research (TMR). The product manufactured may vary according to the end use application of processing by specialty fats and oils.
Europe Mosquito Repellent Candles Market by Raw Material Type : Citronella Oil, …
Albany, New York, July 17, 2017 : Recent research and the current scenario as well as future market potential of "Mosquito Repellent Candles Market - Europe Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021" globally. Mosquito repellent candles are having huge untapped potential for growth. In contrast to the other categories of mosquito repellent products that are available in the market such as mosquito creams, liquids, coils, and