Oil Field Chemicals Market 2018: Analysis, Top Key Players, Drivers and Trends by Forecast to 2022
Market Highlights Oilfield chemicals play a key role in the oil & gas industry and are used in various stages during oil exploration. Various types of oilfield chemicals used are drilling fluids, production chemicals, and completion fluids. The growing demand for advanced drilling fluid and production chemicals with capability to improve penetration and maximum recovery from the well, is fuelling the demand of the market. However, declining price of crude oils may hamper the growth of the market. Drilling Chemicals held the major share within the Global Oil Field Chemicals Market The 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. Considering the oil and gas industry is recovering from the recent price crisis, the growth in the oil and gas industry is imminent which would result in a complimentary increase in the demand in the Oilfield Services Market. Get Sample of Report @ https://www.marketresearchfuture.com/sample_request/1755 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) Clariant (Switzerland) others. Oilfield chemicals are important in the oil & gas industry and are used in various stages of oil exploration. Various types of oilfield chemicals used are drilling fluids, production chemicals, and completion fluids. Growing interest in deep water & ultra-deep-water activities and rising exploration of unconventional resources are driving the growth of the oilfield chemical market. However, growing environmental concern may hamper the growth of the market.