Global Specialty Oilfield Chemicals Market 2023 Future Outlook, Competitive Landscape, Production Analysis And Forecast To 2032 | Major Players Are BASF SE, Clariant, The Dow Chemical Company, Solvay, Halliburton

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The Business Research Company's Specialty Oilfield Chemicals Global Market Report 2023 identifies increasing oil and gas demand as the major driver for the Specialty Oilfield Chemicals Market's growth in the forecast period. Specialty oilfield chemicals are used in well drilling, production facilities, and workover fluids to achieve peak performance and increase oil recovery efficiency. These chemicals are necessary to facilitate the handling, transportation, and production of crude oil. The growing crude oil production leads to an increase in petroleum operations, which is expected to propel the specialty oilfield chemicals market.

The global specialty oilfield chemicals market size is expected to grow from $10.74 billion in 2022 to $11.28 billion in 2023 at a compound annual growth rate (CAGR) of 5.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The specialty oilfield chemicals market size is expected to grow to $13.39 billion in 2027 at a CAGR of 4.4%.

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Major competitors in the specialty oilfield chemicals market are BASF SE, Clariant, The Dow Chemical Company, Solvay, Halliburton, Schlumberger Limited, Baker Hughes Incorporated, Kemira, Huntsman, Croda, The Lubrizol Corporation, Albermarle, Kraton, Thermax, Ashland and Elementis.

A key trend in the Specialty Oilfield Chemicals Market includes Product Innovations. Major players are concentrating their efforts on creating innovative products with innovative technologies to sustain their position in the specialty oilfield market. For instance, in April 2022, Ingevity Corporation, a US-based chemical manufacturing company launched new bio-based oilfield products, EnvaWet UHS 3100, a wetting agent, and EnvaDry P-FL, a novel dry additive with dual-functional used invert emulsion drilling fluids. These both products have unique performance and sustainability advantages with pine-based tall oil. Ingevity's EnvaDry P-FL is a 100% active spray-dried technology with multifunctional properties that improve fluid loss control and provides primary emulsification benefits and allows simpler handling processes in cold climates.

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The Specialty Oilfield Chemicals Market is segmented -
By Type: Demulsifiers, Inhibitors And Specialty Oilfield Chemical Scavengers, Rheology Modifiers, Friction Reducers, Biocides, Specialty Surfactants, Other Types
By Terrain Type: Onshore, Offshore
By Application: Production Chemicals, Well Stimulation, Drilling Fluids, Enhanced Oil Recovery, Other Applications
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Specialty Oilfield Chemicals Market.

The Business Research Company's "Global Specialty Oilfield Chemicals Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Specialty Oilfield Chemicals Market Include:
1. Executive Summary
2. Specialty Oilfield Chemicals Market Characteristics
3. Specialty Oilfield Chemicals Market Trends And Strategies
4. Specialty Oilfield Chemicals Market - Macro Economic Scenario
5. Specialty Oilfield Chemicals Market Size And Growth
……
26. Africa Specialty Oilfield Chemicals Market
27. Specialty Oilfield Chemicals Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Specialty Oilfield Chemicals Market
29. Specialty Oilfield Chemicals Market Future Outlook and Potential Analysis
30. Appendix

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