Infinium Global Research has added
a new report on Oil
Field Chemicals Market. The report presents analysis of global as well
as regional markets of oil field chemicals market over the period of 2016 to
2024. Oilfield
chemicals are used in the production of oil, well stimulation, drilling fluids,
Enhanced Oil Recovery (EOR), and cementing applications in the upstream oil
& gas industry. Oil chemicals are used in drilling and exploration of gas
and oil to improve the efficiency and productivity of the oil drilling process.
For instance, oil field chemicals are used for protecting the equipment and
pipes from corrosion and for separating oil and water from the oil that usually
forms an emulsion. Chemicals are used to separate oil and water in the
oilfield. Hence, these oilfield chemicals are very are very important in the
oil field since they help to protect the pipelines, containers, and equipment
from damage, corrosion, and leaking of the oil. These chemicals include common
inorganic salts, transition metal compounds, common organic chemicals and
solvents, water-soluble and oil-soluble polymers, and surfactants. As existing fields
become depleted, use of chemistry to maintain production via well stimulation,
more efficient secondary recovery operations, and enhanced oil recovery become
ever more important
Increase in the production of crude oil coupled with increasing
demand from enhanced oil recovery applications are the factors driving the
growth of the oilfield chemicals market. In addition, demand for advanced
drilling fluids, growth in deep-water & ultra-deep-water drilling projects
and rapid expansion of shale oil & gas drilling & production are
triggering the growth of the oilfield chemicals market. However, cost of oil
production level and Chemical regulations are dynamic and are constantly
changing as per the compliance requirements. Hence, changing rules and
regulations are restraining the market growth of the oilfield chemicals market
during the forecast period. Furthermore, the occurrence of eco-friendly oil
chemicals has opened several doors of opportunity for the oilfield chemicals
market over the upcoming years. Discovery of new oilfields has created a
positive impact on the key players in the oilfield chemicals market among the
geographies, North America dominated the oilfield chemicals market. The growth
in the North America region can be attributed presence of several oilfield
chemical companies in this region. In addition, expansion of shale oil and gas
industries in the U.S is the key factor dominating to drive oilfield chemicals
market in North America. On the other hand, Asia Pacific is anticipated to witness
the fastest growth due to the increased government spending in China to meet
energy demands. Moreover, the growth matrix presented by Infinium Global Research
identifies the key investment markets in the near future, this will not only
help the companies to understand the competitive position in the global oil
field chemicals market but also make
strategic decisions to capture the most lucrative markets in the near future. The
market size is presented in terms of value for the historic year 2016 and
estimated for forecast period of 2018-2024.
Get
15% discount for early purchase of global oil field chemicals market report by
clicking the following link, Use code IGRD15 to request the discount in the
given form
https://www.infiniumglobalresearch.com/reports/request-discount/1554
The recent report identified that
North America dominated the global oil field chemicals market over the last
couple of years, while emerging markets of Asia-Pacific and Latin America are
anticipated to contribute significantly to the growth in the oil field
chemicals market worldwide.
The report segments the global oil
field chemicals market on the basis of Chemical Types and Applications.
Global Oil Field Chemicals Market
by Chemical Types
·
Polymer
·
Demulsifier
·
Corrosion & Scale Inhibitor
·
Biocide
·
Surfactant
·
Other Chemicals
Global Oil Field Chemicals Market
by Applications
·
Drilling
·
Cementing
·
Well Stimulation
·
Enhanced Oil Recovery
·
Production
·
Work Over & Completion
Companies Profiled in the Report
·
BASF SE
·
Lubrizol Corporation
·
Dow Chemical Co.
·
Stepan Company
·
Halliburton
·
Schlumberger
·
Baker Huges
·
Canadian Energy Services & Technology
Corporation
·
AES Drilling Fluids
·
Akzo Nobel NV
About Infinium Global Research
Infinium Global Research is a
business intelligence company that provides its clients with market information
services, solutions, and reports. The intelligence reports include qualitative
as well as quantitative information, which are blended using forecasting models
in order to project future market demand. Our panels of Subject Matter Experts
(SMEs), Analysts, and Consultants use numerous data gathering tools in order to
provide you with detailed information on the market as well as a preview of its
projected growth. Our repository includes the largest and most credible
databases, through which we determine various qualitative and quantitative
parameters of the market to provide you with an in-depth business intelligence
report.
Infinium Global Research reports and consulting services cover numerous sectors, which include healthcare, chemicals, materials, energy, packaged goods, food and beverages, technology, and communications. These reports provide readers with market insights and detailed analysis of market segments to possible micro levels. Our reports, with stratified research methodology and wider scope of analysis, provide clients with crucial insights and information to meet their every requirement.
