MRFR Announces New Research Report: Global Oil Field Chemicals Market-Forecast to 2022

PUNE, India, 2017-Jun-22 — /EPR Network/ —

Oil Field Chemicals Global Market – Overview

According to a recent study report published by the Market Research Future, at present some oilfields have entered the high water-cut period, which has brought about many issues, such as difficulties in the development process and poor economic benefits. Some recovery technologies must be applied to improve recovery efficiency providing a stable production for the old oilfields and broad prospects for enhanced oil recovery; this dictates a heightened demand for Oil Field Chemicals which will result soon in gaining a rapid momentum to the growth of Oil Field Chemicals global market. MRFR further anticipates that Global Oilfield Chemicals Market will formulate a phenomenal growth of 5% CAGR, crossing its previous growth records by the end of the forecasted period (2016 – 2022).

Increasing demand for oil and gas is expected to result in a rise in demand for the Oil Field Chemicals market. These 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.

Oil Field Chemicals Global Market – 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) and Clariant (Switzerland) among others.

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Market Segments:

The Oil Field Chemicals Market can be segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;

Segmentation by Material: Comprises Specialty Chemicals, Commodity Vehicles, and Polymers.

Segmentation by Application: Comprises Production Chemicals, Drilling Fluid Chemicals, And Stimulation Fluid Additives.

Segmentation by Fluid Type: Comprises drilling, completion, stimulation.

Regional 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 exist the political instability in the Middle East, this region is expected to register a 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.

In India, increased demand for oilfield services due to large scale oil and gas exploration and production activities are being undertaken. The Government’s decision of auctioning 69 idle oil and gas fields of state-owned ONGC and Oil India to private companies on new revenue sharing model is expected to boost oil and gas Industry over the next five years.

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Contact:

Akash Anand,

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Email: akash.anand@marketresearchfuture.com