Oil Field Chemicals Market Size, Analysis and Forecast Report 2017-2022

Posted by Jitendra Magar on March 6th, 2018

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.

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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)
  •          others.

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

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…….

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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……..

 

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Jitendra Magar

About the Author

Jitendra Magar
Joined: December 1st, 2017
Articles Posted: 170

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