The Global Specialty Oilfield Chemicals Market is expected to reach USD 14.10 billion by 2026, growing at a CAGR of 4.1% during the forecast period of 2019 to 2026.
The specialty oilfield chemicals market is a multi-million market, and it includes a wide array of specialty chemicals that are employed for a broad range of purposes. The major products offered within this market encompass industrial and institutional cleaning chemicals, specialty advanced polymers, pesticides, and construction chemicals among several others. The main purpose of specialty oilfield chemicals is to improve the recovery of oil from the oil-well. These chemicals are utilized during various processes that are involved in oil recovery from the oilfield such as drilling, exploration, production and maintenance.
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Major Key players profiled in this report are:
Solvay, Schlumberger, Akzonobel, Halliburton, Baker Hughes , Kemiraand, Huntsman, Croda, Albemarle, Chevron Philips Chemical Company, Innospec, National Oilwell Varco, Geo Specialty Chemicals, Kraton, Thermax, Oleon, RoEmex, Ashland, Purechem Energy Services, Stepan Company, Elementis many more.
Major Market Drivers:
- Increasing Crude Oil Production
The global specialty oilfield chemicals market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of Specialty Oilfield Chemicals market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
This market research report gives the past, present and future industry patterns and the gauge data identified with the market. The report deals with various market factors like income, development, demand and supply, import and export situation. Besides, the opportunities and the threat to the market are additionally shrouded at profundity in this market report. It incorporates fabricating examination of the market which depends on the examination of driving producers, sellers, merchants in the market which have been found through broad investigation.
- Inhibitors & Scavengers
- Rheology Modifiers
- Friction Reducers
- Specialty Biocides
- Well Stimulation
- Drilling Fluids
- Enhanced Oil Recovery (EOR)
- North America
- South America
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