Global Oil Field Chemicals market Research Report- Forecast to 2022
Oil Field Chemicals Market Size, Industry Types, Applications and Forecast to 2022
Page|1
Copyright Š 2018 Market Research Future.
Global Oil Field Chemicals market Research Report- Forecast to 2022
1 Summary Growth segments of drilling fluids along with stimulation chemicals will boost the development of the market to a great extent. Applications in the drilling, production, cementing markets are expected to fuel the expansion of the market in the forecast period. 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.
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) and Clariant (Switzerland) among others.
Page|2
Copyright Š 2018 Market Research Future.
Global Oil Field Chemicals market Research Report- Forecast to 2022
2 Market Overview Increasing demand for oil and gas is expected to result in a rise in demand for the Oil Field Chemicals market. In recent times the oil and gas has been experiencing a significant downturn due to the continuous fall in the prices. These 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.
Thus the Oilfield Chemicals Market is expected to register a high growth at a rate of around 5%..
Intended Audience • • • •
Oil Field Chemicals manufacturing companies Oil Field Chemicals service providers Oil & Gas industry Consultants and Investment bankers Government as well as Independent Regulatory Authorities
Page|3
Copyright © 2018 Market Research Future.
Global Oil Field Chemicals market Research Report- Forecast to 2022
3 Global Competitive Analysis The prospects for growth in the market appear to be promising through the forecast period. The companies in this market are adjusting to the state of events by employing portfolio upgrades and maintaining financial fluidity. The market competitors are formulating their blueprints for corporate strategy in a way can bring about the best consequences for growth in the current scenario, while also concurrently enhancing their product’s value. The constant delivery of customer value has enhanced the market value of the industry. The capability to fuel competitive capabilities is one of the chief causes powering their efforts in this period. The escalating levels of diversification in the industry, have allowed the companies to utilize many opportunities available in the industry. Moreover, the contenders are handling the competitive environment by driving the market growth factors to their advantage.
Page|4
Copyright Š 2018 Market Research Future.
Global Oil Field Chemicals market Research Report- Forecast to 2022
Page|5
Copyright Š 2018 Market Research Future.