Press release
Canadian Oilfield Chemicals Market to Reach USD 2,436.47 Million by 2034, Growing at a CAGR of 3.7%
The Canadian oilfield chemicals market in terms of revenue was estimated to be worth USD 1,696.69 million in 2024. It is poised to reach USD 2,436.47 million by 2034, exhibiting a CAGR of 3.7% from 2025 to 2034.
What Are Oilfield Chemicals?
Oilfield production chemicals are chemical constituents of several compounds that are administered in oil and gas extraction operations to enhance them by improving the productivity and efficacy of the oil drilling procedure and petroleum refining. These chemicals are applied in well drilling, production spaces, and workover fluids to acquire maximum performance and improve the productivity of oil recovery.
Chemical manufacturing and blending plants function with stringent standards, with wider checks and balances on commodity standards. Progressive process regulation and maximization of reaction conditions have enhanced commodity duplicability and escalated commodity economy. In plant security and ecological consciousness, packaging and inventorying, and dissemination practices have been improved.
Explore The Complete Comprehensive Report Here:
https://www.polarismarketresearch.com/industry-analysis/canadian-oilfield-chemicals-market
What Are Major Market Drivers?
Stringent Ecological Directives: Strict environmental regulations in Canada regarding emissions and waste management are significantly contributing to market growth. For example, in November 2024, the Government of Canada released the 2030 Emissions Reduction Plan (ERP) under the Paris Agreement framework. This plan highlights the urgent need to combat climate change and outlines pathways for transitioning to a low-carbon economy. It promotes both emissions reduction and sustainable economic development, which in turn supports the growth of the Canadian oilfield chemicals market.
Growing Funding in Offshore Drilling Ventures:
Growing funding in offshore drilling ventures across Canadian waters is playing an important part in powering market revenue. For instance, a USD 75 million offshore funding through the Emissions Reduction Fund (ERF) is targeted at assisting Canada in meeting its ecological pledge and decreasing greenhouse gas discharge. As oil and gas firms categorize leveraging offshore reserves, the demand for specific oilfield chemicals, such as corrosion inhibitors, oilfield drilling fluids, and chemicals, is surging notably.
Canadian Oilfield Chemicals Industry Developments
In May 2024, Dow collaborated with the State of Wyoming and the University of Wyoming to advance oil recovery methods. This partnership focuses on leveraging cutting-edge technologies and scientific research to boost extraction efficiency from existing oil reserves.
Also in May 2024, BASF increased the production capacity of its Basoflux series of paraffin inhibitors. This expansion underscores BASF's dedication to developing sustainable, water-based dispersion solutions designed specifically for the evolving needs of the oil and gas industry.
Get Exclusive Sample Pages of This Report:
https://www.polarismarketresearch.com/industry-analysis/canadian-oilfield-chemicals-market/request-for-sample
Who are the Key Players?
The market is portrayed by the competitive landscape that reflects the varied requirements of the oil and gas sector. Some of the prominent players operating in the market include:
• Akzo Nobel N.V.
• Baker Hughes
• BASF
• Croda International Plc
• Dow
• DuPont
• Nouryon
• Solvay S.A.
• Stepan Company
• The Lubrizol Corporation
Canadian Oilfield Chemicals Market Report Highlights
• In terms of product, the corrosion & scale inhibitors segment accounted for the largest market share in 2024 due to their crucial role in preventing corrosion and scale buildup, which is essential for optimizing the performance and lifespan of oilfield infrastructure.
• Based on application, the production segment held the largest market share in 2024 due to the increasing demand for enhanced production efficiency, where oilfield chemicals are used to maximize extraction rates and reduce downtime.
Request for a Discount on this Report Before Purchase:
https://www.polarismarketresearch.com/industry-analysis/canadian-oilfield-chemicals-market/request-for-discount-pricing
How is Market Segmented?
The Canadian oilfield chemicals market is mainly segmented on the basis of product and application.
Based on product, the corrosion & scale inhibitors segment held the largest market share in 2024 due to the growing requirement to safeguard crucial frameworks in oil and gas functions.
Based on application, the production segment dominated the market in 2024 owing to its important role in production chemicals in sustaining and maximizing hydrocarbon output from oil and gas wells.
By Product Outlook (Revenue, USD Million, 2020-2034)
• Corrosion & Scale Inhibitors
• Demulsifiers
• Biocides
• Surfactants
• Polymers
By Application Outlook (Revenue, USD Million, 2020-2034)
• Drilling
• Production
• Cementing
• Enhanced Oil Recovery
• Water Treatment
• Hydraulic Fracturing
• Workover and Completion
More Trending Latest Reports by Polaris Market Research:
Traffic Road Marking Coating Market
https://www.polarismarketresearch.com/industry-analysis/traffic-road-marking-coating-market
Photovoltaic Materials Market
https://www.polarismarketresearch.com/industry-analysis/photovoltaic-materials-market
Polymer Gel Market
https://www.polarismarketresearch.com/industry-analysis/polymer-gel-market
Protective Textile Market
https://www.polarismarketresearch.com/industry-analysis/protective-textile-market
Contact:
Likhil G
8 The Green Ste 19824,
Dover, DE 19901,
United States
Phone: +1-929 297-9727
Email: sales@polarismarketresearch.com
Web: https://www.polarismarketresearch.com
Follow Us: LinkedIn | Twitter
About Polaris Market Research & Consulting, Inc:
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR's clientele spread across different enterprises. We at Polaris are obliged to serve PMR's diverse customer base present across the industries of healthcare, technology, semiconductors, and chemicals among various other industries present around the world. We strive to provide PMR's customers with updated information on innovative technologies, high-growth markets, emerging business environments, and the latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced, and extremely qualified team of experts comprising SMEs, analysts, and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR's customers.
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 Canadian Oilfield Chemicals Market to Reach USD 2,436.47 Million by 2034, Growing at a CAGR of 3.7% here
News-ID: 4004912 • Views: …
More Releases from Polaris Market Research & Consulting
Granite Market Projected to Reach USD 6.63 Billion by 2034, Growing at a CAGR of …
Polaris Market Research has released new insights into the Granite market, highlighting key developments, evolving trends, and growth prospects across major regions and segments. The report delivers an in-depth analysis of market dynamics, competitive shifts, and strategic outlooks to support informed decision-making for businesses and investors.
Market at a Glance
In 2024, the market was valued at USD 3.99 billion and is anticipated to grow to USD 6.63 Billion by 2034. It…
Molecular Diagnostics for Sexually Transmitted Diseases Market to Reach USD 7.85 …
Polaris Market Research announces the release of its latest study on the Molecular Diagnostics For Sexually Transmitted Diseases market. It offers comprehensive insights into all the key market aspects, including industry trends, market dynamics, competitive landscape, and strategic developments. The report is designed to help stakeholders make strategic decisions in the rapidly evolving market landscape.
According to the findings, the market stood at 3.82 billion in 2024 and is expected to…
Higher Alpha Olefins Market Projected to Hit USD 20.01 Billion by 2034, Expandin …
Polaris Market Research announces the release of its latest study on the Higher Alpha Olefins market. It offers comprehensive insights into all the key market aspects, including industry trends, market dynamics, competitive landscape, and strategic developments. The report is designed to help stakeholders make strategic decisions in the rapidly evolving market landscape.
According to the findings, the market stood at 10.39 billion in 2024 and is expected to reach 20.01 billion…
Direct Oral Anticoagulants (DOACs) Device Market to Reach USD 64.83 Billion by 2 …
Polaris Market Research announces the release of its latest study on the Direct Oral Anticoagulants (DOACs) Device market. It offers comprehensive insights into all the key market aspects, including industry trends, market dynamics, competitive landscape, and strategic developments. The report is designed to help stakeholders make strategic decisions in the rapidly evolving market landscape.
According to the findings, the market stood at 31.67 billion in 2024 and is expected to reach…
More Releases for Canadian
Calling All Canadian Podcasters! Nominations Now Open for the 7th Annual Canadia …
TORONTO, CANADA (Oct 18, 2024) - The Canadian Podcast Awards (CPA), the nation's premier celebration of podcasting excellence, is thrilled to announce that nominations are now open for the seventh annual awards.
Since its inception in 2018, the Canadian Podcast Awards have been a catalyst for growth and recognition in the Canadian podcasting landscape. The awards, which span 31 categories, have not only showcased the extraordinary talent and creativity of Canadian…
Canadian artist owns Americana title
FOR IMMEDIATE RELEASE
[CITY, Date] - August Knight, the renowned Canadian singer-songwriter, has been captivating audiences across the country with his genuine and soulful approach to Americana music. In an industry saturated with saccharine sounds and manufactured authenticity, Knight stands out as a beacon of truth and raw musical talent.
While popular Canadian bands like Blue Rodeo and The Sheepdogs have certainly made their mark in the Americana genre, their music often…
Ukrainian HARP enters Canadian market
Within demonstration tour Discover HARP, Kharkov Bearing Plant (HARP) starts to move further to the Canadian market. On September 11-13, the leading domestic producer of bearing products will take part in the largest agricultural exhibition of the North American continent – Canada's Outdoor Farm Show. HARP will become the only Ukrainian producer, which will present the bearings for agricultural sector at this event.
“70-years production experience allows us to satisfy the…
About The Canadian Ice Water
The Canadian Ice Water is associated with an artesian aquifer located in the Selkirk Mountains, near Nelson, BC, Canada. The water from the aquifier was analyzed and indicated that it was of exceptional quality – mildly alkaline water with a balanced mineral content making it a rare and valuable product. Deep sourced natural artesian water that is both alkaline and mineralized and associated with a bulk water and small bottle…
Canadian recycling technology goes global
Thunder Bay, ON – Rudnicki Industrial unveiled the latest model of its Strap Eater industrial strapping chopper today; Just one of many green recycling products being developed by the small Canadian machine shop. With the ever-increasing demand for eco-friendly products, the shop is helping to meet the growing global need for green recycling technology.
The green market is still young, but is growing steadily as companies recognize government and consumer demands…
Canadian collaboration kicks off
Fraunhofer IAO starts working together with McMaster University in Hamilton on research transfer
Fraunhofer IAO and McMaster University in Hamilton, Ontario are pooling their expertise in the field of technology and innovation management. In future, the partners will collaborate on both research and teaching in order to boost the transfer of research findings and innovative solutions into business practice.
Collaborations with commercial enterprises and research institutions around the world are…
