Specialty Oilfield Chemicals Global Market Report 2024 - By Demand, Report, Share, Size, Forecast To 2033

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033

The Business Research Company offers in-depth market insights through Specialty Oilfield Chemicals Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth Forecast:
The specialty oilfield chemicals market size has grown strongly in recent years. It will grow from $11.21 billion in 2023 to $11.79 billion in 2024 at a compound annual growth rate (CAGR) of 5.2%. The growth in the historic period can be attributed to increasing complexity of oilfield operations, growing demand for oil and gas, shift towards unconventional reservoirs, focus on enhanced oil recovery (EOR), deepwater exploration and drilling.

The specialty oilfield chemicals market size is expected to see strong growth in the next few years. It will grow to $14.34 billion in 2028 at a compound annual growth rate (CAGR) of 5.0%. The growth in the forecast period can be attributed to demand for drilling fluids and completion fluids, market penetration in emerging economies, asset integrity and corrosion prevention solutions, water management solutions, growing deepwater and ultra-deepwater exploration. Major trends in the forecast period include enhanced oil recovery (EOR) techniques, shift towards unconventional oil & gas exploration, focus on environmental sustainability, rise in deepwater and ultra-deepwater exploration, technological advancements in chemical formulations.

Get Free Sample Of This Report-
https://www.thebusinessresearchcompany.com/sample.aspx?id=8480&type=smp

Market Segmentation:
The specialty oilfield chemicals market covered in this report is segmented -
1) By Type: Demulsifiers, Inhibitors And Specialty Oilfield Chemical Scavengers, Rheology Modifiers, Friction Reducers, Biocides, Specialty Surfactants, Other Types
2) By Terrain Type: Onshore, Offshore
3) By Application: Production Chemicals, Well Stimulation, Drilling Fluids, Enhanced Oil Recovery, Other Applications

Major Driver - Surging Oil And Gas Demand Fuels Expansion In Specialty Oilfield Chemicals Market
The increasing oil and gas demand is expected to boost the growth of the specialty oilfield chemicals market going forward. 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. For instance, in October 2021, according to International Energy Agency (IEA), a France-based autonomous intergovernmental organization, the capacity of global oil production is anticipated to rise by 5 mb/d by 2026. To satisfy the anticipated rebound in demand in the absence of stronger policy action, global oil output would need to increase by 10.2 mb/d by 2026. Therefore, the increasing oil and gas demand is driving the growth of the specialty oilfield chemicals market.

Competitive Landscape:
Major companies operating in the specialty oilfield chemicals market report are China National Petroleum Corporation, Badische Anilin- und Sodafabrik, The Dow Chemical Company, Schlumberger Limited, Baker Hughes Incorporated, DuPont de Nemours Inc., Huntsman International LLC, Albermarle Corporation., The Lubrizol Corporation, Clariant India Ltd, SNF Group, Calumet Specialty Products Partners, Weatherford International, ChampionX Corporation, Kemira Oyj, Solvay Specialities India Private Limited, Stepan Company, Croda INDIA COMPANY PRIVATE LIMITED, Ashland Inc., Kraton, Innospec Inc., CES Energy Solutions Corp, Thermax Limited., Nalco Champion, Elementis plc, TETRA Technologies Inc., Dorf Ketal Chemicals, Halliburton India Operations Private Limited., Kemistry, Oil Flux Americas

Get Access To The Full Market Report -
https://www.thebusinessresearchcompany.com/report/specialty-oilfield-chemicals-global-market-report

Top Trend - Innovative Chemical Reaction Plant To Enhance Specialty Oilfield Chemicals Production
Major companies operating in the specialty oilfield chemicals market are developing innovative production facilities, to provide reliable services to customers. A production facility, in its most general sense, is a building, area, or complex where goods are created or manufactured. For instance, in March 2022, Halliburton Company, a US-based oil service company, launched Halliburton Chemical Reaction Plant, a oilfield specialty chemical manufacturing reaction facility. This plant is expected to produce a wide range of chemicals used throughout the oil and gas value chain, from drilling and completion to production and processing.

The Table Of Content For The Market Report 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
…..
27. Specialty Oilfield Chemicals Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model"

About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.

This release was published on openPR.