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Oilfield Chemicals Market Subdivision, Forthcoming Developments, Growth Challenges, Opportunities, Top Key Players and Forecast 2024

Oilfield Chemicals Market is the process of conveying a good quality service to customers. focuses on identifying hidden needs or requirements of customers. Report defines the scope of the Oilfield Chemicals market, identifying potential of the Oilfield Chemicals markets and determining optimal pricing for the market, it encouraging potential customers to purchase, and finding the best distribution methods for delivering to customers.

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Market Overview:

  • The oilfield chemicals market is expected to register a CAGR of 4.64% during the forecast period, (2019-2024). This market is driven by a number of factors, such as increasing shale gas exploration and production. The opening of new horizons, due to deep-water drilling operations, is likely to act as key major opportunities for the oilfield chemicals market.
  • – Rising demand for petroleum-based fuel from the transportation industry is expected to drive the demand for the market, during the forecast period.
  • – Clean energy initiatives are likely to hinder the market growth.
  • – Production opportunities provided by developing countries is projected to act as an opportunity for the market, in the future.<

    Key Market Trends:

    Well Stimulation – The Fastest Growing Segment, by Application

    – The well stimulation segment is expected to expand at a fastest CAGR, during the forecast period. The United States is the largest beneficiary of this technology, due to the increasing activity in unconventional plays.
    – The Middle East and Asia-Pacific regions have also shown immense potential in adopting the well stimulation techniques.
    – is also expected to shift its focus to the exploration of shale in the North Sea, due to increasing requirement to become more energy self-sufficient.
    – Moreover, the advancements in technologies are leading to enhanced oil recovery from existing oil plays, resulting in increased production and higher profitability. Hence, the well stimulation chemicals are expected to have a very fruitful market, in the near future.

    North America to Dominate the Market

    – The North American region dominated the global market share in 2018, due to the increased emphasis on shale gas production and exploration in the region.
    – The United States accounts for the major share in North America, mainly owing to the boom in the shale gas industry, advancements in technologies, and increasing oil exports.
    – The shale gas production has been increasing exceptionally over the recent years, and owing to increasing demand from the major developing economies of Asia-Pacific, the demand for natural gas is expected to rise over the forecast period.
    – This growing production of shale gas in North America, in turn, is projected to increase the demand for oilfield chemicals over the forecast period.

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    Major Key Players are as Follows

  • Akzonobel NV
  • Albemarle Corporation
  • Ashland
  • Baker Huges Incorporation
  • Canadian Energy Services & Technology Corp. (CESTC)
  • Clariant
  • Croda International PLC
  • DowDuPont
  • Eelementis PLC
  • Exxonmobil Corporation
  • Flotek Industries Inc.
  • Halliburton
  • Huntsman International LLC
  • Innospec
  • Kemira
  • Nalco Champion Technologies Inc. (ECOLAB)
  • Schlumberger Limited
  • Scomi Energy Services BHD (Scomi Group BHD)
  • Solvay
  • The Lubrizol Corporation
  • Zirax Limited

    Scope of the Report:

  • This report studies the global Oilfield Chemicals market size, industry status and forecast, competition landscape and growth opportunity.

    Geographical Regions:

    – United States – Mexico – Canada – Russia – Norway – United Kingdom – China – – Indonesia – Malaysia – Thailand – Australia & New Zealand – Vietnam – Brazil – Venezuela – Saudi Arabia – Iran – Iraq – United Arab Emirates – Kuwait.

    Topics such as sales and sales revenue overview, production market share by product type, capacity and production overview, import, export, and consumption are covered under the development trend section of the Oilfield Chemicals market report.

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    Reasons to Purchase Oilfield Chemicals Market Report Covered:

    • The report examines how Oilfield Chemicals market will develop in the future.
    • Studying various views of the Oilfield Chemicals market with the help of Porter’s five forces analysis.
    • Analyzing the product type that is probable to control the market and regions that are likely to witness the fastest development during the forecast period
    • Identify the new developments, Oilfield Chemicals market shares and strategies employed by the key market players.
    • Competitive landscape including the market share of major players along with the key strategies accepted for growth in the past five years
    • Complete company profiles covering the product offerings, key financial information, current developments, SWOT analysis and strategies employed by the major Oilfield Chemicals market players

    Detailed TOC of Oilfield Chemicals Market – Growth, Trends, and Forecast (2019 – 2024)

    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study



    4.1 Market Overview
    4.2 Market Drivers
    4.2.1 Increased Shale Gas Exploration and Production
    4.2.2 Rising Demand for Petroleum Based Fuel from the Transportation Industry
    4.3 Market Restraints
    4.3.1 Clean Energy Initiatives
    4.3.2 Other Restraints
    4.4 Value Chain/Supply Chain Analysis
    4.5 Porters Five Forces Analysis
    4.5.1 Threat of New Entrants
    4.5.2 Bargaining Power of Buyers/Consumers
    4.5.3 Bargaining Power of Suppliers
    4.5.4 Threat of Substitute Products
    4.5.5 Intensity of Competitive Rivalry

    5.1 Chemical Type
    5.1.1 Biocides
    5.1.2 Corrosion and Scale Inhibitors
    5.1.3 Demulsifiers
    5.1.4 Polymers
    5.1.5 Surfactants
    5.1.6 Other Chemical Types
    5.2 Application
    5.2.1 Drilling and Cementing
    5.2.2 Workover and Completion
    5.2.3 Well Stimulation
    5.2.4 Production
    5.2.5 Enhanced Oil Recovery
    5.3 Geography
    5.3.1 North America United States Mexico Canada
    5.3.2 Russia Norway United Kingdom Rest of
    5.3.3 Asia Pacific China Indonesia Malaysia Thailand Australia & New Zealand Vietnam Rest of Asia-Pacific
    5.3.4 South America Brazil Venezuela Rest of South America
    5.3.5 Middle East & Africa Saudi Arabia Iran Iraq United Arab Emirates Kuwait Rest of Middle East

    6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
    6.2 Market Share Analysis**
    6.3 Strategies Adopted by Leading Players
    6.4 Company Profiles
    6.4.1 Akzonobel NV
    6.4.2 Albemarle Corporation
    6.4.3 Ashland
    6.4.4 Baker Huges Incorporation
    6.4.5 BASF SE
    6.4.6 Canadian Energy Services & Technology Corp. (CESTC)
    6.4.7 Clariant
    6.4.8 Croda International PLC
    6.4.10 DowDuPont
    6.4.11 Eelementis PLC
    6.4.12 Exxonmobil Corporation
    6.4.13 Flotek Industries Inc.
    6.4.14 Halliburton
    6.4.15 Huntsman International LLC
    6.4.16 Innospec
    6.4.17 Kemira
    6.4.18 Nalco Champion Technologies Inc. (ECOLAB)
    6.4.19 Schlumberger Limited
    6.4.20 Scomi Energy Services BHD (Scomi Group BHD)
    6.4.21 Solvay
    6.4.22 The Lubrizol Corporation
    6.4.23 Zirax Limited

    7.1 New Horizons Opened Up, due to Deep-water Drilling Operations
    7.2 Production Opportunities Provided by Developing Countries

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    Contact Info:

    Name: Ajay More

    Email: [email protected] 

    Organization: Absolute Reports

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