The Global Oilfield Chemicals Market is expected to grow at a rapid pace owing to increasing worldwide oil production and demand. To increase the production of oil and improve oil recovery process, oilfield chemicals are required. Better versions of the chemicals are coming up which will drive the market in the future. The oilfield chemicals increase the life of the equipment. This helps in reducing the maintenance costs.
The rapidly growing oil production and drilling activities are the prime drivers for the market. Industrialization is driving the market’s growth. Development of new oilfields is a boosting the market for oilfield chemicals.
The strict government regulations put several constraints on the market.
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There is an increased focus on renewable energy requirements which is adversely affecting the market. Environmental concerns can have a negative impact. The disposal of the toxic chemicals is also an issue which involves high costs.
The opportunity for the market lies in the new oilfield discoveries. Technological advancements have high hopes for the growth of the market. Research and development activities show a bright future. Due to high competition, mergers and acquisitions will help the market to grow.
The market is segmented in terms of the type of location into onshore and offshore. The onshore location leads this segment. In terms of product type, it is divided into specialty chemicals and advanced polymers. In terms of application, it is divided into drilling fluid, production chemicals, cementing, and workover & completion.
North America is leading the market with the highest oil production. Europe is the second largest market. The Middle East comes next in the list. Asia-Pacific, Latin America, and Africa have the highest growth potential in the near future with increasing energy demand.
Some of the major players in the market The Dow Chemical Company, Lubrizol Corporation, Nalco Champion, Schlumberger, Halliburton, Baker Hughes, DuPont, Air Products and Chemicals Inc., AMCOL International, American Colloid, Ashland Inc., Baroid Fluid Services, BASF SE, Canadian Energy Services & Technology Corporation, Capitol Aggregates Ltd., and Stepan Company.
The report contains comprehensive analysis on:
Global Oilfield Chemicals Market Segments
Global Oilfield Chemicals Market Drivers, Restraints and Opportunities
Global Oilfield Chemicals Market Size & Forecast 2016 to 2022
Supply & Demand Value Chain
Global Oilfield Chemicals Market Current Trends
Competition & Major Companies
Technology and R&D Status
Porters Five Force Analysis
Strategic and Critical Success Factor Analysis of Key Players
Regional analysis for Global Oilfield Chemicals Market includes
US and Canada
Mexico, Brazil, Argentina and Rest of Latin America
EU5 (Germany, France, Italy, Spain, U.K.)
Nordic Countries (Denmark, Finland, Norway, and Sweden)
Benelux (Belgium, The Netherlands, and Luxembourg)
Rest of Western Europe
Rest of Eastern Europe
Australia and New Zealand
Rest of Asia Pacific
Middle East and Africa
GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
Rest of Middle East and Africa
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This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides in-depth market segmentation that is derived from extensive product mapping exercises, macro-economic factors and other qualitative and quantitative insights. The impact of all such factors are delivered across multiple market segments and geographies.
Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
Consumer and Pricing Analysis
Market dynamics of the industry
In-depth Market Segmentation
Historical and Projected Market Sizing in terms of volume and value
Recent market trends and Impact Factors
R&D Status and Technology Overview
Extensive Industry Structure Coverage
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