Oilfield chemicals Market was valued at USD 24.27 billion in 2021 and is expected to reach USD 32.45 billion by 2029, registering a CAGR of 3.70% during the forecast period of 2022-2029.
Market Scope and Size - Oilfield Chemicals Market:
The oilfield chemicals market is segmented on the basis of type, application and location. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
· Gallants and Viscosities
· Biocides
· Lubricants/Friction Reducers
· Rheology Modifiers
· Corrosion and Scale Inhibitors
· Demulsifies
· Scavengers
· Polymers
· Fluid Loss Additives
· Surfactants
· Flamers
· Pour Point Depressant
· Others
Application
· Upstream
· Midstream
· Downstream
Location
· Onshore
· Offshore
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Market Analysis and Insights- Oilfield Chemicals Market:
Oil and Natural Gas Corporation (ONGC) is estimated to invest US$ 2.73 billion in drilling oil and gas wells in 2019, according to India Brand Equity Foundation (IBEF). The increased oil and gas exploration and developments in deep-water drilling operations will further boost demand for oilfield chemicals during the projection period. Therefore, the significant expansion in oil and gas exploration projects is expected to enhance the demand for oilfield chemicals.
Country Level Analysis- Oilfield Chemicals Market:
The countries covered in the oilfield chemicals market report are 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.
Key Players- Oilfield Chemicals Market:
Some of the major players operating in the oilfield chemicals market are
· BASF SE (Germany)
· Clarian (Switzerland)
· Dow. (U.S.)
· Halliburton (U.S.)
· Schlumberger Limited (U.S.)
· Neuron (Netherlands)
· Baker Hughes Company (U.S.)
· Kemora (Finland)
· Huntsman International LLC (U.S.)
· Coda plc (U.K.)
· Albemarle Corporation (U.S.)
· Chevron Philips Chemical Company LLC (U.S.)
· InfoSec (U.S.)
· NOV Inc., (U.S.)
· Geo (U.S.)
· KRATON CORPORATION (U.S.)
· Thermal Limited (India)
· Oleo N.V. (Belgium)
· Ashland (U.S.)
· Pure hem Services (Canada)
· Stephan Company (U.S.)
· Elements plc (U.S.)
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MAJOR TOC OF THE REPORT:
· Chapter One: Introduction
· Chapter Two: Market Segmentation
· Chapter Three: Market Overview
· Chapter Four: Executive Summary
· Chapter Five: Premium Insights
· Chapter Six: Global Market by Product & Procedure type
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