Oilfield Chemicals Market By Glorious Opportunities Business Growth Size And Statistics Forecasts 2019 To 2027

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. The report highlights the trends prevalent in the global oilfield chemicals market and the factors driving the market along with those that act as deterrents to its growth.

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Companies Profiled in this report includes:

Akzo Nobel N.V.
Albemarle Corporation
Baker Hughes
BASF SE
Ecolab
Halliburton
Newpark Resources Inc.
Schlumberger Limited
Solvay
The Lubrizol Corporation

The market for oilfield chemicals is expected to grow, owing to factors such as growth in oil exploration & production activities, increasing demand for advanced drilling fluids are boosting the oilfield chemicals market. However, crude oil price fluctuations is hindering the market for same in the current scenario.

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

The market has witnessed various growth strategies during recent years in the oilfield chemicals market. During 2019, The Upstream Energy business operates within Ecolab's Energy segment and consists of the Oil Field Chemicals production business and the WellChem drilling and well completion chemistry business. Ecolab intends to retain the downstream business, which helps refineries and petrochemical plants. The separation performance is expected to be tax-free spin-off to U.S. shareholders for U.S. federal income tax purposes.

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