Oil Field Chemicals - Worldwide Market Analysis to 2024 Featuring BASF, Lubrizol, Dow Chemical, Baker Hughes, AkzoNobel, and More - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Sep 20, 2018--The “Oil Field Chemicals Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024” report has been added to ResearchAndMarkets.com’s offering.
The report predicts the global oil field chemicals market to grow with a CAGR of 4.9% over the forecast period of 2018-2024.
Increase in the production of crude oil coupled with increasing demand from enhanced oil recovery applications are the factors driving the growth of the oilfield chemicals market. In addition, demand for advanced drilling fluids, growth in deep-water & ultra-deep-water drilling projects, and rapid expansion of shale oil & gas drilling & production are triggering the growth of the oilfield chemicals market.
However, cost of oil production level and Chemical regulations are dynamic and are constantly changing as per the compliance requirements. Hence, changing rules and regulations are restraining the market growth of the oilfield chemicals market during the forecast period.
Furthermore, the occurrence of eco-friendly oil chemicals has opened several doors of opportunity for the oilfield chemicals market over the upcoming years. Discovery of new oilfields has created a positive impact on the key players in the oilfield chemicals market.
Among the geographies, North America dominated the oilfield chemicals market. On the other hand, Asia Pacific is anticipated to witness the fastest growth due to the increased government spending in China to meet energy demands.
Key Topics Covered
2. Executive Summary
3. Global Oil Field Chemicals Market Overview
4. Oil Field Chemicals Market Macro Indicator Analysis
5. Global Oil Field Chemicals Market by Chemical Types
6. Global Oil Field Chemicals Market by Applications
7. Global Oil Field Chemicals Market by Region 2018-2024
8. Company Profiles and Competitive LandscapeBASF SE Lubrizol Corporation Dow Chemical Co. Stepan Company Halliburton Schlumberger Baker Hughes Canadian Energy Services & Technology Corporation AES Drilling Fluids AkzoNobel NV
For more information about this report visit https://www.researchandmarkets.com/research/rc9h95/oil_field?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180920005777/en/
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Related Topics:Chemicals,Oilfield Equipment and Services
INDUSTRY KEYWORD: ENERGY OIL/GAS MANUFACTURING CHEMICALS/PLASTICS
SOURCE: Research and Markets
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PUB: 09/20/2018 02:23 PM/DISC: 09/20/2018 02:23 PM