As per this study, the Global Oilfield Production And Delivery Chemicals Market was valued USD XX MN (by revenue) in 2021 and is anticipated to reach USD XX MN by 2027 with a CAGR of XX%. By volume, the market was estimated XX KT in 2019 and is expected to reach XX KT by 2026 with a CAGR of XX%.
Oilfield chemicals are the additives used to improve the oil and gas exploration field operations. These are added to enhance extraction operations and increase process efficiency, thus, resulting in reduction in operational and maintenance cost.
Growing mining activities to extract crude oil to cater the global demand is driving the market growth. Rising usage of additives to increase productivity and reduce operational cost is boosting the market growth. Ongoing R&D for developing advanced oilfield chemicals to meet regulatory regulations is expected to raise the market demand in the forecasting period. However, fluctuating crude oil prices along with the rise in environmental concerns may hinder the market growth. Nevertheless, the emergence of eco-friendly oilfield chemicals is projected to pushing the market growth uphill in the following timespan.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of oilfield production and delivery chemicals.
The broad oilfield production and delivery chemicals market has been sub-grouped into product and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
- Corrosion & Scale Inhibitors
Furthermore, the report comprises of the geographical segmentation, which mainly focuses on current and forecast demand for oilfield production and delivery chemicals in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Oilfield Production And Delivery Chemicals Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the oilfield production and delivery chemicals market include Baker Hughes, BASF, Clariant, Croda, Dow, Flotek Industries, Huntsman, Innospec, Kemira, Nalco Champion, and Schlumberger among others. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.