Oilfield Chemicals Market Predicted To Reach USD 28.48 Billion By 2025Posted by Neha Bora on November 27th, 2019 San Francisco, 27 November 2019: The Report Oilfield Chemicals Market Size, Share & Trends Analysis Report By Product (Inhibitors, Demulsifiers, Rheology Modifiers, Friction Reducers, Biocides, Surfactants, Foamers), By Application, By Location, And Segment Forecasts, 2018 – 2025 The global oilfield chemicals market is expected to reach USD 28.48 billion by 2025, growing at a CAGR of 4.3%, according to a new report by Grand View Research, Inc. The increasing demand for crude oil is likely to steer the oilfield chemicals industry growth over the projection period. The global industry is anticipated to observe a linear growth trend over the projection period owing to the shift in inclination towards exploiting the unconventional hydrocarbon resources. Their application in operations including drilling, production, cementing, and workover & completion is expected to drive the oilfield chemicals demand. The rheology modifiers product segment accounted for over 20% of the total oil field chemicals market share in 2016. These formulations are used to enhance crude oil properties such as thickening, emulsification, stabilization, and conditioning. Various R&D activities have been taken up by some of the companies to introduce eco-friendly rheology modifiers which can further increase the demand for specialty chemicals. Access Research Report of Oilfield Chemicals Market @ https://www.grandviewresearch.com/industry-analysis/oilfield-chemicals-market Further key findings from the report suggest:
Grand View Research has segmented the global oil field chemicals market on the basis of product, application, location and region: Oil Field Chemicals Product Outlook (Revenue, USD Million, 2014 - 2025)
Oil Field Chemicals Application Outlook (Revenue, USD Million, 2014 - 2025)
Oil Field Chemicals Location Outlook (Revenue, USD Million, 2014 - 2025)
Oil Field Chemicals Regional Outlook (Revenue, USD Million, 2014 - 2025)
Like it? Share it!More by this author |