Specialty Oilfield Chemicals Market Growth to 2020 Driven by Production Chemical Application

The global specialty oilfield chemicals market is projected to reach USD 13.65 billion by 2020, registering a CAGR of 5.5% between 2015 and 2020. Production chemicals, followed by EOR are the fastest-growing applications in the specialty oilfield chemicals market.

The global specialty oilfield chemicals market is projected to reach USD 13.65 billion by 2020, registering a CAGR of 5.5% between 2015 and 2020. The increasing oil production in North America and some countries of the Middle East is expected to propel the demand of specialty oilfield chemicals during the forecast period.

Complete report on specialty oilfield chemicals market spread across 184 pages, profiling 13 companies and supported with 83 tables and 56 figures is now available at http://www.reportsnreports.com/reports/291322-specialty-oilfield-chemicals-market-by-type-corrosion-scale-inhibitors-biocides-demulsifier-pour-point-depressants-surfactants-advanced-polymers-and-others-application-drilling-fluid-well-stimulation-production-chemicals-workover-completion.html .

With recent developments in increasing oil production and improving oil recovery from existing as well as new fields, newer specialty oilfield chemicals and processes are being developed. The production of oil is anticipated to increase due to the active participation of the countries in the Middle East and North America leading to the highest growth rate for production chemicals during the forecast period. On the other hand, EOR process helps to improve the wellbore productivity in a new as well as a mature oilfield. The property of the EOR process to maximize the yield and to improve product quality gives this application an impetus for growth during the forecast period. Because of these factors, production chemicals and EOR account for to be the fastest-growing applications in the specialty oilfield chemicals market.

The reserves in certain countries of the Middle East & Africa are nearly unexplored and offer immense potential for growth for the region. Nigeria, Angola, and other parts of Africa have huge amount of unexplored oil & gas reserves that may provide an upsurge to the specialty oilfield chemicals, leading to the market growth during the forecast period. The uplifting of the international sanctions on Iran is definitely expected to provide an impetus to the oil & gas exploration activities in the country.

This study has been validated through primaries conducted with various industry experts, globally. These primary sources have been divided under three categories: By Company Type; By Designation; and By Region.

• By Company Type- Tier 1- 22%, Tier 2- 33%, and Tier 3- 45%
• By Designation- C Level- 12%, Director Level- 25%, and Others- 63%
• By Region- North America- 56%, Europe- 22%, Asia-Pacific- 11%, and RoW- 11%

In Venezuela, huge oil reserves have been discovered in the Orinoco Belt. Developing this oilfield will include drilling 10,500 wells, building two refineries and a new coastal export terminal, and upgrading another one.

The potential offshore reserves as well as shale reserves discovered in China are expected to drive the demand of specialty oilfield chemicals as these would help to enhance oil production, control corrosion, and prevent wax or paraffin deposition.

The report also provides company profiles and competitive strategies adopted by the major market players such as BASF SE (Germany), AkzoNobel N.V. (Netherlands), The Dow Chemical Company (U.S.), Kemira oyj (Finland), Schlumberger (U.S.), Halliburton (U.S.), Lubrizol Corporation (U.S.), Clariant (Switzerland), Nalco Champion (U.S.) among others.

A discount can be asked before order a copy of Specialty Oilfield Chemicals Market by Type (Inhibitors & Scavengers, Demulsifiers, Gellants & Viscosifiers, Friction Reducers, Rheology Modifiers, Specialty Surfactants, Specialty Biocides, Pour-Point Depressants, and Others), Application, and by Region - Global Forecast to 2020 research report at http://www.reportsnreports.com/contacts/Discount.aspx?name=291322 .

This report segments the specialty oilfield chemicals market comprehensively and provides the closest approximations for the overall market and sub segments across different verticals and regions. This report will help stakeholders to better understand the competitor and gain more insights about the business. The competitive landscape section includes competitor ecosystem, expansions, new product developments, agreements/collaborations, joint ventures, and mergers & acquisitions.

Ona a related note, another research titled Soil Treatment Market Global Forecasts to 2020 says, the soil treatment market, estimated at USD 24.11 billion in 2015, is projected to grow at a CAGR of 8.5% to reach USD 36.29 billion by 2020. Soil protection accounted for the largest market share in 2014. Weed control leads the market with the largest share. Companies like Syngenta AG, BASF SE, Adama Agricultural Solutions Ltd., Monsanto Company and Solvay S.A. have been profiled in this 146 pages research report available at http://www.reportsnreports.com/reports/214981-global-soil-treatment-market-by-types-organic-amendments-pest-weed-control-ph-adjusters-and-geography-trends-forecasts-to-2017.html .

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