Press release
Oilfield Chemicals Market Set to Reach $48.51 Billion by 2029 with 7% Yearly Growth
Oilfield Chemicals Global Market Report 2025
The progression of the oilfield chemicals market is likely to be driven by a boost in oil production and exploration. Oil exploration involves the methods and techniques utilized to discover potential sites for oil and gas drilling and extraction. Oilfield chemicals play a crucial role as drilling fluids to enhance oil recovery. The U.S. Energy Information Administration (EIA), for example, forecasts that the average daily production of crude oil will reach 12.8 million barrels by 2023. As such, escalating oil production and exploration activities contribute to the expansion of the oilfield chemicals market.
Get Your Oilfield Chemicals Market Report Here:
https://www.thebusinessresearchcompany.com/report/oilfield-chemicals-global-market-report
What is the future CAGR of the oilfield chemicals market, and how will it impact industry expansion?
The market size of oilfield chemicals has seen a robust expansion in the past years. It is projected to increase from $35.18 billion in 2024 to $37.62 billion in 2025, showing a compound annual growth rate (CAGR) of 6.9%. The augment in the historical period is due to market rivalry and innovation, geopolitical aspects, corrosion and scale inhibition, operational cost-effectiveness, and oil and gas exploration.
In the coming years, the market for oilfield chemicals is anticipated to experience robust growth. The market is predicted to expand to $48.51 billion in 2029, with a compound annual growth rate (CAGR) of 6.6%. This growth within the anticipated period can be linked to factors such as sustainability emphasis, market competition, and dynamics, geopolitical effects, enhanced production, and sophisticated reservoir extraction. The period of prediction is also expected to witness key trends like improved extraction methods, sustainability and environmental focus, extraction of shale gas and tight oil, enhanced oil recovery (EOR), and advancements in digitalization and automation.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=8230&type=smp
What are the most significant trends transforming the oilfield chemicals market today?
In the oilfield chemicals market, the primary trend revolves around product innovations. Major market players are focusing on the creation of novel products to spur growth in the market. For example, in April 2022, Ingevity Corporation is set to roll out new bio-based oilfield products, including the EnvaWet UHS 3100 wetting agent and the EnvaDry P-FL dual-functional dry additive made from pine-based tall oil for invert emulsion drilling fluids. EnvaDry P-FL incorporates a 100% active spray-dried technology that enhances primary emulsification benefits and boosts fluid loss control. Meanwhile, EnvaWet UHS 3100 assists in preserving the rheology of fluids that contain a very high volume of solids.
Which key market segments comprise the oilfield chemicals market and drive its revenue growth?
The oilfield chemicals market covered in this report is segmented -
1) By Type: Polymers, Corrosion And Scale Inhibitors, Demulsifiers, Surfactants, Gellants And Viscosifiers, Other Types
2) By Location: Onshore, Offshore
3) By Application: Drilling, Cementing, Enhanced Oil Recovery, Production Chemicals, Well Stimulation, Workover And Completion
Subsegments:
1) By Polymers: Friction Reducers, Drag Reducers, Thickening Agents
2) By Corrosion And Scale Inhibitors: Corrosion Inhibitors, Scale Inhibitors
3) By Demulsifiers: Water-In-Oil Demulsifiers, Oil-In-Water Demulsifiers
4) By Surfactants: Anionic Surfactants, Cationic Surfactants, Nonionic Surfactants
5) By Gellants And Viscosifiers: Clay-Based Gellants, Synthetic Viscosifiers
6) By Other Types: Biocides, Flow Assurance Chemicals, PH Adjusters
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=8230
What regions are at the forefront of oilfield chemicals market expansion?
North America was the largest region in the oilfield chemicals market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the oilfield chemicals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the leading players fueling growth in the oilfield chemicals market?
Major companies operating in the oilfield chemicals market are Johnson Controls International PLC, Halliburton, Schlumberger Limited, Solvay, Baker Hughes Company, Champion X, Albemarle Corporation, Ashland, BASF SE, CES Energy Solutions Corp., Clariant, Croda International PLC, Chevron Phillips Chemical Company, Dow, Elementis PLC, Flotek Industries Inc., Huntsman International LLC, Innospec Oilfield Services, Kemira, MPRC, Ecolab (NALCO Champion), Nouryon, The Lubrizol Corporation, Zirax Limited, SMC Global, Aquapharm Chemical Pvt. Ltd., Thermax Chemical Division, NexTier Oilfield Solutions, Patterson-UTI Energy Inc., Givaudan, International Flavors & Fragrances Inc., Takasago International Corporation
Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/sample.aspx?id=8230&type=smp
What Is Covered In The Oilfield Chemicals Global Market Report?
• Market Size Forecast: Examine the oilfield chemicals market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the oilfield chemicals market for a structured understanding.
• Key Players Overview: Analyze major players in the oilfield chemicals market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the oilfield chemicals market.
• Segment Contributions: Evaluate how different segments drive overall growth in the oilfield chemicals market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the oilfield chemicals market.
• Industry Challenges: Identify potential risks and obstacles affecting the oilfield chemicals market.
• Competitive Landscape: Review strategic developments in the oilfield chemicals market, including expansions, agreements, and new product launches.
Learn More About The Business Research Company
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model (GMM), is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
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
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
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 Set to Reach $48.51 Billion by 2029 with 7% Yearly Growth here
News-ID: 3886858 • Views: …
More Releases from The Business Research Company
Navigating the Future: Compact Construction Equipment Market Trends and Forecast …
"Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Compact Construction Equipment Market Size Growth Forecast: What to Expect by 2025?
The market size of compact construction equipment has seen notable expansion in the past few years. It is projected to surge from $44.31 billion in 2024 to $46.68 billion in 2025, marking a compound annual growth rate…
Strategic Forecast for the Commercial Real Estate Industry: Market Outlook 2025- …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Commercial Real Estate Market Size Growth Forecast: What to Expect by 2025?
The size of the commercial real estate market has significantly expanded over the past few years. The market, which is expected to increase from $5,935.22 billion in 2024 to $6,281.58 billion in 2025, will experience a compound…
The Rise Of Coffee Consumption Is Fueling The Growth Of The Market Due To Its In …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Coffee Shops Market Size Growth Forecast: What to Expect by 2025?
The size of the coffee shop market has seen robust growth in the past few years. The market, which is projected to be at $83.27 billion in 2024, is expected to reach $89.17 billion by 2025 with a…
Driving Chimney Waterproofing Services Market Growth in 2025: The Role of Rising …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Chimney Waterproofing Services Market Size Growth Forecast: What to Expect by 2025?
In recent times, there has been a substantial growth in the market size for chimney waterproofing services. The market is projected to expand from $1.53 billion in 2024 to $1.67 billion in 2025, demonstrating a compound annual…
More Releases for Oil
Hydraulic Oil Market,By Base Oil (Mineral Oil, Synthetic Oil, Semi-Synthetic Oil …
In recent years, the production capacity for hydraulic oil has increased significantly across the globe. Moreover, the Group II and III base oils are primarily gaining popularity for utilization in lubricant formulations for automatic transmission engines, heavy-duty trucks, and passenger automobiles. Therefore, these determinants are expected to for drive the development of the global hydraulic oil market in the anticipated period.
Global Hydraulic Oil Market was valued at USD 10.47 billion in 2021…
Cosmetic Oil Market Future Outlook 2023-2029, Industry Demand, Trends, Size, New …
This Cosmetic Oil Market research report is one of the best and wide-ranging, which provides market insights by considering numerous factors. Therefore, businesses can get important market insights cost-effectively with the help of the Cosmetic Oil Market research report. Such a persuasive report is the best to gain a competitive advantage in this quickly transforming marketplace. In addition, the report also provides market segmentation based on type and end-user. The…
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…
Growing demand for corn oil as cooking oil is fuelling the Corn Oil Market
The research report "Corn Oil Market: by Product Type (High Oleic, Middle Oleic, Low Oleic), By Application (Biodiesel, Soap Making, Food Services, Pharmaceutical, Others) and Geography- Global/Region/Country Forecast to 2028." The global corn oil market size was valued at USD 4.2 Bn in the year 2021, growing at a CAGR rate of 7.2% during the evaluation time span 2022-2028.
Glance our 200 slides market research and competitive intelligence research report,…
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…
Global Sustainable Palm Oil Market analysis report- with Leading players, Applic …
Sustainable Palm Oil Market
The most widely used vegetable oil there is, palm oil is found in everything from snacks to household cleaners to cosmetics. Palm oil is used in many of the products on supermarket shelves, from margarine and chocolate to ice cream, soaps, cosmetics, and fuel for cars and power plants. The report presents a comprehensive overview, market shares, and growth opportunities of Sustainable Palm Oil market by product type,…
