Press release
Specialty Oilfield Chemicals Market is Projected to Reach USD 16.78 Billion by 2030: Cognitive Market Research
Specialty Oilfield Chemicals Market is Projected to Reach USD 16.78 Billion by 2030: Cognitive Market Research
What are Specialty Oilfield Chemicals?
Specialty oilfield chemicals are a type of chemicals that are specifically designed and used for various applications in the oil and gas industry. These chemicals are used to enhance oil recovery, reduce corrosion, control scale, and control various other operational issues that are commonly encountered during oil and gas exploration, drilling, production, and transportation. Specialty oilfield chemicals can include a wide range of substances such as demulsifiers, biocides, surfactants, scale inhibitors, and friction reducers, among others. These chemicals are typically formulated to perform specific functions in different environments and under varying conditions encountered during the oil and gas extraction process.
Summary:
As per the study of CMR, the Global Specialty Oilfield Chemicals Market size was valued at USD 11.72 Billion in 2022 and will reach USD 16.78 Billion by 2030 and is expected to grow at a CAGR of 4.2% during the forecast period (2023-2030).
To know more about The Specialty Oilfield Chemicals Market statistics click here: https://www.cognitivemarketresearch.com/specialty-oilfield-chemicals-market-report
Market Dynamics:
Specialty Oilfield Chemicals Market Drivers:
Increasing demand for oil and gas, which requires new and advanced technologies to extract hydrocarbons efficiently eventually boosts the specialty oilfield chemicals market growth.
The development of new and innovative chemical formulations and advanced technologies to explore and produce oil and gas has increased the demand for specialty oilfield chemicals market growth.
Specialty Oilfield Chemicals Market Opportunities:
There is an increasing demand for eco-friendly and sustainable specialty oilfield chemicals that can reduce the environmental impact of oil and gas production. Developing new and innovative eco-friendly products can offer significant growth opportunities for this market in the upcoming years.
Specialty Oilfield Chemicals Market Restraints:
The fluctuating oil and gas prices, stringent environmental regulations, high production costs, limited availability of raw materials, and competition from low-cost alternatives are several factors that may hamper the specialty field chemicals market growth.
Specialty Oilfield Chemicals Market Segmentation:
Type:
• Rheology Modifiers
• Demulsifiers
• Friction Reducers
• Specialty Biocides
• Specialty Surfactants
• Inhibitors & Scavengers
• Pour Point Depressants
• Others
Application:
• Production
• Well Stimulation
• Drilling Fluids
• Enhanced Oil Recovery
• Cementing
• Workover & Completion
Based on application, production has the leading segment in the specialty oilfield chemicals market. Chemicals including aliphatic, alicyclic, and aromatic hydrocarbons are employed in the creation of crude oil. Chemicals are created differently for each oilfield and are tailored especially for each well inside an oilfield, where the constituents may alter over time and in response to operational conditions. While moving the oil from the load port, other chemicals are also applied. These substances aid in the transportation of oil, safeguard wellbores after shutdown or in cold weather, eliminate emulsified water, and stop oil pipeline corrosion.
Competitive Analysis of Specialty Oilfield Chemicals Market: Ineos, Asahi Chemical Corp, China National Petroleum Corporation (CNPC), ASCEND, Secco, Sinopec Group, Formosa Plastics, DSM, Tae Kwang Industrial, CPDC, Cytec Industries, Mitsubishi Rayon, LUKOIL, Repsol YPF
Get free sample pages of the latest published Specialty Oilfield Chemicals Market Report: https://www.cognitivemarketresearch.com/specialty-oilfield-chemicals-market-report#request_sample
Specialty Oilfield Chemicals Market Regional Analysis:
North America accounted for the largest share of the plant growth regulator's market
Europe has the largest revenue share in the specialty oilfield chemicals market. The oil & gas sectors in this region typically drive the demand for specialized oilfield chemicals. Rapid shale gas and oil reserve exploration in the area will raise the need for specialized oilfield chemicals during the forecast period.
Specialty Oilfield Chemicals Market News
SLB acquired Gyrodata Incorporated (February 2023)
SLB acquired Gyrodata Incorporated, a global company specializing in gyroscopic wellbore positioning and survey technology.
Browse Here For Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Specialty Oilfield Chemicals Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Specialty Oilfield Chemicals Market Segmentation
1.5.1 Specialty Oilfield Chemicals Market Regional Fragmentation
1.5.1 Specialty Oilfield Chemicals Market Players
• 1.6 Report Duration
• 1.7 List of Stakeholders
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Specialty Oilfield Chemicals Market
• 3.1 Global Specialty Oilfield Chemicals Market Size 2018 - 2030, (USD Million)
• 3.2 Global Specialty Oilfield Chemicals Value, Absolute & Opportunity Analysis
• 3.3 Global Specialty Oilfield Chemicals Market Y-o-Y Growth Rate Projection by Region (2023 - 2030)
• 3.4 Global Specialty Oilfield Chemicals Market Statistics 2022: Snapshot
Chapter 4 Global Specialty Oilfield Chemicals Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global Specialty Oilfield Chemicals Market by Type Segmentation Analysis (2018-2030)
Chapter 10 Global Specialty Oilfield Chemicals Market by Application Segmentation Analysis (2018-2030)
Chapter 11 Global Specialty Oilfield Chemicals Market Regional Analysis
Chapter 12 North America Specialty Oilfield Chemicals Market Outlook (2018 - 2030)
Chapter 13 Europe Specialty Oilfield Chemicals Market Outlook (2018 - 2030)
Chapter 14 Asia Pacific Specialty Oilfield Chemicals Market Outlook (2018 - 2030)
Chapter 15 Latin America Specialty Oilfield Chemicals Market Outlook (2018 - 2030)
Chapter 16 Middle East and Africa Specialty Oilfield Chemicals Market Outlook (2018 - 2030)
Chapter 17 Research Findings
Customize the Report Edition (Is applicable, On Request, Subject to Data Available, At an Additional Cost)
To know more about The Specialty Oilfield Chemicals Market TOC click here: https://www.cognitivemarketresearch.com/specialty-oilfield-chemicals-market-report#table_of_contents
Related Report:
• Oil & Gas Automation Market- https://www.cognitivemarketresearch.com/oil-%26-gas-automation-market-report
• Production Chemicals Market- https://www.cognitivemarketresearch.com/production-chemicals-market-report
• Oilfield Stimulation Chemicals Market- https://www.cognitivemarketresearch.com/oilfield-stimulation-chemicals-market-report
• Specialty Adhesive Tapes Market- https://www.cognitivemarketresearch.com/specialty-adhesive-tapes-market-report
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
20 N State Street,Chicago,
Illinois, 60602
United States
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Email: sales@cognitivemarketresearch.com
Website: https://www.cognitivemarketresearch.com/about-us
About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operating across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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