The Global Market for Specialty Oilfield Chemicals 2017-2018 - Forecast to 2026: A $16.24 Billion Opportunity - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Nov 9, 2018--The “Specialty Oilfield Chemicals - Global Market Outlook (2017-2026)” report has been added to ResearchAndMarkets.com’s offering.
According to this report, the Global Specialty Oilfield Chemicals market is expected to grow from $9.52 billion in 2017 to reach $16.24 billion by 2026 with a CAGR of 6.1%.
Rising in franking and horizontal drilling, increasing energy necessities of consumers and growing exploration activities for shale oil are some of the factors boosting the growth of the market. The main reason which is hampering the growth of the specialty oilfield chemicals market is the decreasing crude oil cost.
By application, production chemicals section is projected to lead the specialty oilfield chemicals market. The manufacture of crude oil has amplified in the recent years in countries such as the US and Saudi Arabia. Thus, the continuous boost in the production of crude oil is predicted to increase the demand for specialty oilfield chemicals during period.
Based on geography, the increase of the North America specialty oilfield chemicals market can be attributed to the presence of various key producers of specialty oilfield chemicals in the region and increased the exploration activities for shale gas & oil reserves. The US is witnessing huge demand for specialty oilfield chemicals, which is projected to continue in the future as well.
Key Topics Covered
1 Executive Summary
3 Market Trend Analysis
4 Porters Five Force Analysis
5 Global Specialty Oilfield Chemicals Market, By Product Type
6 Global Specialty Oilfield Chemicals Market, By Application
7 Global Specialty Oilfield Chemicals Market, By Geography
8 Key Developments
9 Company ProfilingThermax BASF Dowdupont Solvay Stepan Company RoEmex Chevron Philips Chemical Company National Oilwell Varco Kraton Kemira Innospec Huntsman Oleon Geo Specialty Chemicals Elementis Ecolab Schlumberger Croda Clariant Purechem Energy Services Baker Hughes Ashland Albemarle AkzoNobel Halliburton
For more information about this report visit https://www.researchandmarkets.com/research/3tfw4k/the_global_market?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20181109005354/en/
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Related Topics:Oilfield Chemicals
INDUSTRY KEYWORD: ENERGY OIL/GAS MANUFACTURING CHEMICALS/PLASTICS
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 11/09/2018 10:09 AM/DISC: 11/09/2018 10:09 AM