The increasing oil production activities across the globe has largely aided the market growth for the oilfield stimulation chemicals. The Canadian Association of Petroleum Producers (CAPP) projects that investments in conventional oil and gas production and oil sands operations would nearly double between 2020 and 2021, from USD19 billion to USD 21 billion. Oil production relies heavily on oilfield stimulation chemicals, hence the industry is anticipated to expand steadily over the next few years.
Frequently Asked Questions
The market is segmented based on Segmentation, By Type (Gelling Agents, Friction Reducers, Surfactants, Corrosion and Scale Inhibitors, Acids, Others), Application (Hydraulic Fracturing, Matrix Acidization, Acid Fracking, Others) – Industry Trends and Forecast to 2032
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The Global Oilfield Stimulation Chemicals Market size was valued at USD 4.31 USD Billion in 2024.
The Global Oilfield Stimulation Chemicals Market is projected to grow at a CAGR of 10.7% during the forecast period of 2025 to 2032.
The market report covers data from the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
