Global Oil Field Chemicals Market is expected to grow with the CAGR of about 5%

Oil Field Chemicals Market Research Report - Global Forecast to 2022

Oil Field Chemicals Market Research Report - Global Forecast to 2022

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Oil Field Chemicals Market Research Report - Global Forecast to 2022

Market Definition

Oil Field Chemicals are the high value, well stimulation chemicals used to separate the waste and water produced in hydraulic fracturing during oil and gas exploration and energy production (E&P) activities. These chemicals improve the recovery process and the quality of the product (oil/gas/energy).

Market Scenario

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.

Key Findings •

January 29, 2018 – Exxon Mobil Corporation (US), a global O&G Company, announced its plans to pump up USD 50 billion’s investments over the next five years, in view with the recent tax deduction by the US governments. The company also mentioned its plans to increase the daily production at the Permian Basin, Southwest USat a rate of 600,000 barrels a day.

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Oil Field Chemicals Market Research Report - Global Forecast to 2022 Segments

The MRFR analysis is segmented into four key dynamics for the convenience of understanding: By Material: Comprises Commodity Vehicles, Polymers and Specialty Chemicals among others. By Application: Drilling Fluid Chemicals, Production Chemicals, and Stimulation Fluid Additives among others. By Fluid Type: Drilling, Completion, and Stimulation among others. By Region: North America, Europe, APAC and Rest of the World.

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Regional Analysis

North America is the leading region for this market mainly due to the increased exploration activities in USA and Canada. The increasing exploration activities in this region have in turn resulted in an increase in the Oilfield Chemicals market.

Key Players

Some of the key players profiled in the Global Oil Field Chemicals Market are ➢ ➢ ➢ ➢

BASF SE (Germany) Lubrizol Corporation (U.S.) AkzoNobel N.V. (Netherlands) The Dow Chemical Company (U.S.)

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Oil Field Chemicals Market Research Report - Global Forecast to 2022

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

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Oil Field Chemicals Market Research Report - Global Forecast to 2022

The Global Oil Field Chemicals Market is segmented into the following regions Europe

➢ ➢ ➢ ➢ ➢ ➢

Germany France Italy Spain U.K. Rest of Europe

Rest of the world

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Brazil Argentina South Africa Others

The report for Global Oil Field Chemicals of Market Research Future covers extensive primary research. This is accompanied by a detailed analysis of qualitative and quantitative aspects by various industry experts and key opinion leaders to gain deeper insights into the market and industry performance.

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Oil Field Chemicals Market Research Report - Global Forecast to 2022

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