Global Specialty Oilfield Chemicals Market, By Type (Biocides, Inhibitors, Viscosifiers, Demulsifiers, Surfactants, Acids, Friction Reducers, Iron Control Agents, Polymers, Wetting Agents, Dispersants, Additives, Retarders, Deformers, Emulsifiers, Others), Application (Drilling, Production, Stimulation, Cementing, Enhanced Oil Recovery (EOR), Workover & Completion, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights : Global Specialty Oilfield Chemicals Market
The specialty oilfield chemicals market is expected to witness market growth at a rate of 4.35% in the forecast period of 2021 to 2028. Data Bridge Market Research report on specialty oilfield chemicals market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The increase in demand for the product for various industrial applications is escalating the growth of specialty oilfield chemicals market.
Specialty oilfield chemicals refer to the commonly used in the recovery of oil and efficiently declining the environmental impact in the oil extraction process. The extraction process majorly include production, drilling, stimulation, and improved oil recovery, among other specialty chemicals used in each of these step of process. Specialty oilfield chemicals are widely used in the prevention of formation of wax in oil and reducing the corrosion of the walls of the pipe.
The increase in crude oil production across the globe acts as one of the major factors driving the growth of specialty oilfield chemicals market. The rise in application in drilling fluid activities, production chemicals, and workover & completion, and growing demand from enhanced oil recovery application accelerate the market growth. The use of the chemical in industrial and institutional cleaning chemicals, specialty advanced polymers, pesticides, and construction chemicals among several others, and rise in demand of the chemical for improving the recovery of oil from the oil-well further influence the market. Additionally, rapid industrialization, rise in deep drilling and ultra-deep drilling activities for oil and gas, and high level of crude oil production positively affect the specialty oilfield chemicals market. Furthermore, increase in aging oil reservoirs, and discoveries of new oilfields extends profitable opportunities to the market players in the forecast period of 2021 to 2028.
On the other hand, high cost associated with the disposal procedures for chemicals after use, and declining crude oil prices are expected to obstruct the market growth. The stringent regulations against chemicals potentially harmful for the environment are projected to challenge the specialty oilfield chemicals market in the forecast period of 2021-2028.
This specialty oilfield chemicals market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on specialty oilfield chemicals market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Specialty Oilfield Chemicals Market Scope and Market Size
The specialty oilfield chemicals market is segmented on the basis of type, and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of type, the specialty oilfield chemicals market is segmented into biocides, inhibitors, viscosifiers, demulsifiers, surfactants, acids, friction reducers, iron control agents, polymers, wetting agents, dispersants, additives, retarders, deformers, emulsifiers and others.
- On the basis of application, the specialty oilfield chemicals market is segmented into drilling, production, stimulation, cementing, enhanced oil recovery (EOR), workover & completion and others.
Specialty Oilfield Chemicals Market Country Level Analysis
The specialty oilfield chemicals market is segmented on the basis of type, and application.
The countries covered in the global specialty oilfield chemicals market report are 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, Israel, Egypt, South Africa, 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.
North America dominates the specialty oilfield chemicals market due to the increase in number of oilfield exploration and deep drilling activities within the region. Asia-Pacific is expected to be the fastest growing market during the forecast period of 2021 to 2028 because of the increase in government spending in China to meet energy demands.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Specialty Oilfield Chemicals Market Share Analysis
The specialty oilfield chemicals market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to specialty oilfield chemicals market.
The major players covered in the specialty oilfield chemicals market report are BASF SE, Baker Hughes, a GE company LLC, Croda International Plc, Schlumberger Limited, Huntsman International LLC, Ecolab, Solvay, ELEMENTIS PLC, Evonik Industries AG, Halliburton, Stepan Company, CPS Performance Materials, Ashland, Innospec, Roemex Limited, Clariant, Kemira, KRATON CORPORATION, and Chevron Corporation, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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