Oil Field Chemicals Market by Material, Application (Production Chemicals, Drilling Fluid Chemicals, Stimulation Fluid Additives), by Fluid Types, and By Region | Global Industry Forecast to 2022
—
Market Synopsis of Global Oil Field Chemicals Market:-
The demand for oil field chemicals has benefitted the cost related to the production of oil from novel sources which is considerably higher than the renewal of old sources. Specialized technologies available in the sector have increased the demand for the oil field chemicals market at a continual pace during the forecast period.
However, crude oil price fluctuations coupled with increase in environmental concerns undermine the market growth. Nonetheless, the emergence of eco-friendly oilfield chemicals is expected to provide a substantial growth opportunity in the near future, thus making the market immune to a lot of challenging factors.
Get Sample Report @ https://www.marketresearchfuture.com/sample_request/1755
Competitive Landscape:-
Some of the key players in the oil field chemicals market are the Dow Chemical Company (U.S.), Schlumberger, BASF SE (Germany), Lubrizol Corporation (U.S.), AkzoNobel N.V. (Netherlands), Halliburton (U.S.), Kemira Oyj (Finland), and Clariant (Switzerland) among others.
Industry News:-
AkzoNobel N.V has opened a powder coatings plant in Changzhou, China. The facility is located at an existing site and will help to further strengthen the company’s position in the powder coatings market. The Changzhou plant will supply an extensive range of interpon and resicoat products to meet growing demand for more sustainable coating solutions. End users include automotive, architectural, and general sectors.
Kemira Oyi will make an investment to expand production at its Joutseno chlor-alkali site in Finland. This expansion will help address the growing need for sodium hydroxide in Finland. This site produces sodium hydroxide, hydrochloric acid, and sodium hypochlorite for pulp and paper and process industries as well as municipal water treatment. Sodium hydroxide is an important component of drilling fluids, which plays a major role in removing impure gases and maintain well stability.
Market Segmentation:-
The Oilfield Chemicals market has been segmented on the basis of material as Specialty Chemicals, Commodity Vehicles, and Polymers. On the basis of application the market has been segmented as Production chemicals, Drilling fluid Chemicals, Stimulation Fluid Additives. On the basis of Fluid type the market has been segmented as drilling, completion, stimulation.
Major Points of TOC:-
1.REPORT PROLOGUE
2.SCOPE OF THE STUDY
3.RESEARCH METHODOLOGY
3.1RESEARCH PROCESS
3.2PRIMARY RESEARCH
3.3SECONDARY RESEARCH
3.4MARKET SIZE ESTIMATION
3.5FORECAST MODEL
MARKET DYNAMICS
4.1DRIVERS & OPPURTUNITIES
4.2CHALLENGES & RESTRAINTS
4.3VALUE CHAIN ANALYSIS
4.4PORTER’S FIVE FORCES ANALYSIS
Continued…….
Browse Full Report @ https://www.marketresearchfuture.com/reports/oil-field-chemicals-market-1755
Detailed Regional Analysis:-
The regional analysis of the oil field chemicals market globally has been segmented into Asia Pacific, North America, Europe, and Rest of the World (RoW). As per the regional analysis of the oilfield chemicals market, the North American region is leading in this market primarily due to the amplified exploration undertakings in countries such as USA and Canada. The growing exploration activities in this region have in turn resulted in an upsurge in the Oilfield Chemicals market. Although there is a certain level of political instability in the Middle East, this region is estimated to list higher growth rate in the forecast period owing to the growing trend of deep water exploration and operating in high temperatures which is much more expensive than oilfield chemicals.
Contact Info:
Name: Abhishek
Organization: Market Research Future
Address: WantStats Research and Media Pvt. Ltd. Office No. 528, Amanora Chambers Pune – 411028 Maharashtra, India
Phone: +1 646 845 9312
For more information, please visit https://www.marketresearchfuture.com/reports/oil-field-chemicals-market-1755
Source: MarketersMedia
Release ID: 385419
