High investments from multinational oil and gas majors such as Suncor Energy, Husky Energy, Shell, Imperial Oil, Cenovus, and ExxonMobil is expected to steer drilling activities over the forecast period. Additionally, large reserves of unconventional hydrocarbon reserves in the form of shale gas, tight oil and oil sands will drive the oilfield chemicals market.
Oilfield Chemicals Market Size – USD 0.92 Billion in 2018, Market Growth – CAGR of 4.51%%, Market Trends – Product launches and research for advanced Oilfield Chemicals Market
The global Oilfield Chemicals market research report published by Reports and Data offers a comprehensive study of the overall industry to help customers and investors understand the market dynamics and formulate strategic investment plans. The report provides an extensive assessment of the key organizations operating in the materials and chemicals industry to offer better insights into competition scenario on a global and regional level. Growing competition in the global market has led to increasing innovation and technological advancement in the sector to meet the rising demand of environmentally conscious consumers. The report offers crucial and accurate data obtained through extensive primary and secondary research. The report also analyzes the manufacturing and consumption of products to give an accurate forecast estimation of the global Oilfield Chemicals market.
Key companies profiled in the report:
BASF SE (Germany), Lubrizol Corporation (U.S.), AkzoNobel N.V. (Netherlands), The Dow Chemical Company (U.S.), Schlumberger (U.S.), Halliburton (U.S.), Kemira Oyj (Finland) and Clariant (Switzerland), Nalco (U.S.) and Baker Hughes Incorporated.(U.S.)
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The materials and chemicals industry covers a wide range products such as perfumes, soaps, and detergents along with other raw materials that are used to make other products. Global demand and consumption of these products across various end-use industries such as food technology, medical and pharmaceutical, and manufacturing, among others. Increasing awareness about energy-efficiency and growing need to reduce carbon emissions have led to the advent of environmentally sustainable biodegradable products.
Over the years, mergers and acquisitions, collaborations, and partnerships have played a pivotal role in companies’ plans of expanding customer base and gaining a robust footing in the market. Growing research and development activities to expand the application scope of materials and chemicals is a key revenue growth driving factor. New product launches, technological advancements, rising demand for range of perfumes and soaps for daily use, and increasing automation in the industry have significantly accelerated market growth. The market growth is also driven by rising level of disposable income, preference shift, and recent collaborations in the market.
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The report further discusses in detail the market and regional segmentation, overall regional landscape, product offerings, market strategies, current and emerging trends, restraints and drivers, limitations, threats, and challenges the market is expected to observe in the coming years. The report also utilizes key statistical tools such as SWOT analysis, Porter’s Five Forces analysis, feasibility analysis, and venture return analysis to offer better insights into the market landscape. The report also covers recent developments and trends and provides a comprehensive industry overview to help readers understand the complete scenario and dynamics of the Oilfield Chemicals market.
Regions covered by the report:
• North America (U.S.A., Canada, Mexico)
• Europe (U.K., Italy, Germany, France, Rest of Europe)
• Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Rest of Latin America)
• Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Oilfield Chemicals Market Segmentation:
Product (Revenue, USD Million; 2016–2026)
- Rheology Modifiers
- Friction Reducers
Location (Revenue, USD Million; 2016–2026)
Applications (Revenue, USD Million; 2016–2026)
- Drilling & Cementing
- Enhanced Oil Recovery
- Well Stimulation
- Workover & Completion
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