-- The global oilfield chemicals market is expected to reach US$ 43,685.6 Mn in 2027 from US$ 29,120.0 Mn in 2018. The market is estimated to grow with a CAGR of 4.7% from 2019-2027. The market is driven by factors such as, growth in oil exploration & production activities, increasing demand for advanced drilling fluids are boosting the oilfield chemicals market. However, crude oil price fluctuations is hindering the market for same in the current scenario.
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Drilling fluids, also called as drilling mud, are added to the wellbore to enable the drilling procedure by interrupting cuttings, regulatory pressure, stabilizing exposed rock, giving buoyancy, cooling and lubricating. The important function of drilling fluids is rock stabilization. Distinct additives are used to ensure that the drilling fluid is not absorbed by the rock formation in the well and that the holes of the rock formation are not blocked. Improved production of the oil in the U.S. made it stronger economically and also better America;s security in the globe. Various policies and actions support America’s continuous energy progress, not more significant than growing access to oil reserves in federally-controlled zones. Oilfield chemicals are having long shelf life period which makes them suitable for use in the industry.
Global oilfield chemicals market was segmented by type and application. The type was segmented into polymers, corrosion and scale inhibitors, demulsifiers, surfactants, gallants and viscosifiers, others. By application the market is segmented into drilling, cementing, enhanced oil recovery, production chemicals, well stimulation, workover and completion.
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The overall global oilfield chemicals market size has been derived using both primary and secondary source. The research process begins with exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the aquaculture market. Also, multiple primary interviews were conducted with industry participants and commentators in order to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers, and external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the oilfield chemicals market.
Table of Content:
1. Introduction
1.1 Scope of the Study
1.3 Market Segmentation
1.3.1 Global Oilfield Chemicals Market - By Type
1.3.2 Global Oilfield Chemicals Market - By Application
1.3.3 Global Oilfield Chemicals Market - By Geography
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Oilfield Chemicals Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America PEST Analysis
4.2.2 Europe PEST Analysis
4.2.3 Asia Pacific PEST Analysis
4.2.4 Middle East & Africa PEST Analysis
4.2.5 South America PEST Analysis
4.3 Market Positioning - Global Market Players
4.4 Expert Opinions
5. Oilfield Chemicals Market - Key Industry Dynamics
5.1 Key Market Drivers
5.1.1 Growth in Oil Exploration and Production Activities
5.1.2 Increasing Demand for Advanced Drilling Fluids
5.2 Key Market Restraints
5.2.1 Crude Oil Price Fluctuations
5.3 Key Market Opportunities
5.3.1 Investments in the Energy Sector by India and China
5.4 Key Future Trends
5.4.1 Development of Eco-Friendly Oilfield Chemicals
5.5 Impact Analysis
6. Oilfield Chemical Market Analysis And Forecasts To 2027 - Type
7. Oilfield Chemical Market Analysis And Forecasts To 2027 - Application
8. Oilfield Chemicals Market - Geographic Analysis
9. Industry Landscape
10. Oilfield Chemicals Market-Key Company Profiles
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Related Report:
Global Special Oilfield Chemicals Market Insights, Forecast to 2025
Oilfield chemicals refers to a series of chemicals used in the process of petroleum and gas drilling, mining and transportation, water treatment and enhanced oil recovery. The applications of oilfield chemicals in oilfield include drilling fluids, cementing, completion, stimulation, production and EOR (Enhanced Oil Recovery Chemicals), delivery, etc.
The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges.
https://www.marketstudyreport.com/reports/global-special-oilfield-chemicals-market-insights-forecast-to-2025?utm_source=RR-SP
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