Breaking News

Global Oil Field Chemicals Market by Material, by Application, by Fluid Types, by Region, Forecast to 2022

img

Oil Field Chemicals Market is expected to grow with the CAGR of about 5% from 2016 to 2022. Being an essential for the drilling and exploration activities the Oilfields Chemicals market is heavily dependent on the Oil and Gas industry. Increasing demand for oil and gas is expected to result in a rise in demand for the Oil Field Chemicals market. In recent times the oil and gas has been experiencing a significant downturn due to the continuous fall in the prices.

Market Highlights

Oilfield chemicals play a key role in the oil & gas industry and are used in various stages during oil exploration. Various types of oilfield chemicals used are drilling fluids, production chemicals, and completion fluids. The growing demand for advanced drilling fluid and production chemicals with capability to improve penetration and maximum recovery from the well, is fuelling the demand of the market. However, declining price of crude oils may hamper the growth of the market.

 

Drilling Chemicals held the major share within the Global Oil Field Chemicals Market

The changes in the supply and demand dynamics is expected to induce a rise in the number of oil wells thus resulting in boosting the Oil Field Chemicals market. Increasing demand for oil and gas is also expected to fuel the demand in the Oil Field Chemicals market. Considering the oil and gas industry is recovering from the recent price crisis, the growth in the oil and gas industry is imminent which would result in a complimentary increase in the demand in the Oilfield Services Market.

Also Read:  Contract Catering Market Analysis by Segment (Business and Industry, Education, Hospitals, Senior Care Homes, Defense and Offshore, Sports and Leisure)

 

Get Sample of Report @ https://www.marketresearchfuture.com/sample_request/1755

 

Key Players

Some of the key players in the Oil Field Chemicals market are

  • BASF SE (Germany),
  • Lubrizol Corporation (U.S.),
  • AkzoNobel N.V. (Netherlands),
  • The Dow Chemical Company (U.S.),
  • Schlumberger,
  • Halliburton (U.S.),
  • Kemira Oyj (Finland)
  • Clariant (Switzerland)

 

Oilfield chemicals are important in the oil & gas industry and are used in various stages of oil exploration. Various types of oilfield chemicals used are drilling fluids, production chemicals, and completion fluids. Growing interest in deep water & ultra-deep-water activities and rising exploration of unconventional resources are driving the growth of the oilfield chemical market. However, growing environmental concern may hamper the growth of the market.

 

Market Research Analysis:

North America is the leading region for this market mainly due to the increased exploration activities in USA and Canada. The increasing exploration activities in this region have in turn resulted in an increase in the Oilfield Chemicals market. Although there exists political instability in the Middle East, this region is expected to register high growth rate in the forecast period due to increasing trend of deep water exploration and working in high temperatures which require much more expensive Oilfield Chemicals.

 

List Of Tables

Table 1                Global Oilfield Chemicals Market  Snapshot

Table 2                Drivers For The Market

Table 3                Restraints For The Market

Also Read:  Poland Industrial Lubricants Market | Projected to reach USD 195.3 million by 2023 with 3.29% CAGR growth rate during the review period of 2017-2023

Table 4                Global Oilfield Chemicals Market , By Material

Table 5                Specialty Chemicals  Market, By Region

Table 6                Polymers Market, By Region

Table 7                Global Oilfield Chemicals Market, By Fluid Material

Table 8                Residential Market, By Region

Table 9                Commercial Market, By Region

Continue…….

 

Get Complete Report @ https://www.marketresearchfuture.com/reports/oil-field-chemicals-market-1755

 

List Of Figures

Figure 1             Research Methodology

Figure 2             Impact Analysis: Drivers And Restraints

Figure 3             Global Oilfield Chemicals Market , By Material

Figure 4             Global Oilfield Chemicals Market , By Fluid Material

Figure 5             Global Oilfield Chemicals Market , By Region

Figure 6             North America Oilfield Chemicals Market , By Country

Continue……..

 

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact:

Market Research Future

Office No. 528, Amanora Chambers

Magarpatta Road, Hadapsar,

Pune – 411028

Maharashtra, India

+1 646 845 9312

Email: sales@marketresearchfuture.com

 

 

Email

Go to website