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(IndustryNews247.Com, April 15, 2019 ) MARKET DYNAMICS
The oilfield chemicals market on account of rising oil exploration and production activities is likely to witness major growth in the forecast period. Demands for advanced drilling fluids and rapid expansion of shale oil & gas drilling & production to meet the global demand further drives this market. However, volatile crude oil prices and environmental concerns associated with the inappropriate disposal of these oilfield chemicals hamper the market growth. On the other hand, emerging eco-friendly oilfield chemicals are likely to provide growth opportunities to the market players operating in this field during the forecast period.
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The global oilfield chemicals market is segmented on the basis of type and application.
• Based on type, the market is segmented as biocides, corrosion & scale inhibitors, demulsifiers, surfactants, polymers, gellants and viscosifiers, and others
• By application is classified as drilling fluids, cementing, enhanced oil recovery, production chemicals, well stimulation, and workover & completion.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global oilfield chemicals market based on various segments. It also provides market size and forecast estimates from year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The oilfield chemicals market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting oilfield chemicals market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the oilfield chemicals market in these regions.
The reports cover key developments in the oilfield chemicals market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market payers from oilfield chemicals market are anticipated to lucrative growth opportunities in the future with the rising demand for oilfield chemicals in the global market. Below mentioned is the list of few companies engaged in the oilfield chemicals market.
The report also includes the profiles of key oilfield chemicals companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years,
Key development in past five years.
• Akzo Nobel N.V.
• Albemarle Corporation
• Baker Hughes (GE)
• BASF SE
• Newpark Resources Inc
• Schlumberger Limited
• The Lubrizol Corporation
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