Oilfield Chemicals Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2016-2024

1. Oilfield Chemicals Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2016-2024 Chemical components that are majorly used in oil & gas extraction operations are called as oilfield chemicals. Oilfield chemicals find applications in cementing, enhanced oil recovery, drilling fluids, well stimulation, production chemicals, and workover & completion. Oil, which is produced in the oilfield usually contains large amount of water that gets mixed with the oil through oil drilling process or naturally, especially in offshore drilling and wells. It is important to separate the oil from the water so as to purify it, as well as to reduce the corrosion of the containers ferrying the oil and pipelines. Among the applications, demulsifiers are used for this purpose in the oilfield. Demulsifiers are used to reduce the density of the oil, causing easier separation of the two chemicals, while at the same time reducing the corrosion of pipelines that might lead to higher maintenance costs of equipment. Request For Sample Copy of this Research Report : https://www.coherentmarketinsights.com/insight/request-sample/332 Furthermore, key players in the market are focused on adopting strategies such as technological development and collaborations, in order to strengthen their footprint in the global oilfield chemicals market. For instance, in 2017, Shell Petroleum Development Company of Nigeria Ltd (SPDC), a subsidiary of Royal Dutch Shell Plc., commenced production plant at Gbaran-Ubie Phase 2, a key project in the Niger Delta that will help to boost gas supply to the domestic market and maintain supply to the export market. The company expects to reach peak production at Gbaran-Ubie Phase 2, in 2019 with around 175,000 barrels of oil equivalent per day. Major players operating in the global oilfield chemicals market include, Baker Hughes Inc., Halliburton, Schlumberger Ltd., Weatherford International Ltd,

2. Diamoco Group, Royal Dutch Shell Plc, Solvay S.A, and The Egyptian Mud Engineering & Chemicals Company. For More Information: ​http://bit.ly/32SgaB8 About Coherent Market Insights: Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity. Contact Us: Mr. Shah Coherent Market Insights 1001 4th Ave, #3200 Seattle, WA 98154 Tel: +1-206-701-6702 Email: ​sales@coherentmarketinsights.com