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Oilfield Chemicals Market Expected to Reach $59,925 Million, Globally, by 2023

In 2016, North America dominated the global market, with more than two-thirds share in the overall market. The demulsifier segment is estimated to grow at highest CAGR of 6.1% from 2017 to 2023. In 2016, the corrosion & scale inhibitor was the leading segment, accounting for nearly one-third share in global market. The well stimulation application segment is estimated to grow at highest growth rate, registering a CAGR of 6.0%. Asia-Pacific is expected to grow at highest CAGR of 6.7%, during the forecast period. U.S. is the leading country in global market, growing at a CAGR of 4.6% from 2017 to 2023.<br>

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Oilfield Chemicals Market Expected to Reach $59,925 Million, Globally, by 2023

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  1. Oilfield Chemicals Market : 2018 Report Contains Key Vendor Analysis, Vendor Opportunity Analysis and Industry Forecast, 2016-2023 Landscape Global Opportunity Analysis and Industry Forecast, 2017-2023

  2. Oilfield Chemicals Market “Rise in oil exploration & production activities, demand for advanced drilling fluids, and rapid expansion of shale gas & oil drilling are the major driver for global oilfield chemicals market.”

  3. Oilfield Chemicals Market According to a new report published by Allied Market Research, titled, Oilfield Chemicals Market by Type and Application: Global Opportunity Analysis and Industry Forecast, 2017-2023, the oilfield chemicals market was valued at $41,667 million in 2016, and is estimated to reach $59,925 million by 2023, registering a CAGR of 5.2% from 2017 to 2023. In 2016, the drilling fluid application segment accounted for around one-third share of the total market. Access Full Summary at: https://www.alliedmarketresearch.com/oil-field-chemicals- market Oilfield chemicals are chemical components that are used in various stages of oil & gas exploration to enhance these operations by improving productivity and efficiency of oil drilling processes. These chemicals allow temperature stability, high performance, and inhibit contamination in the drilling fluid system.

  4. Oilfield Chemicals Market The market is driven by the rise in oil exploration & production activities, which in turn increases the need for oilfield chemicals, demand for advanced drilling fluids, growth in deep-water & ultra-deep-water drilling projects, and rapid expansion of shale oil & gas drilling & production. Moreover, the ongoing activities to meet the global energy demand brought more petroleum crude oil wells to production state globally, which increases the demand for oilfield chemicals. However, crude oil price fluctuations and increase in environmental concerns are expected to hamper the market growth in the near future. The emergence of eco- friendly oilfield chemicals is expected to provide a substantial growth opportunity in the near future.

  5. Oilfield Chemicals Market Key Players The key players profiled in the report are Baker Hughes, Schlumberger Limited, Halliburton, Solvay S.A., Ecolab Inc., Newpark Resources Inc., BASF SE, Lubrizol Corporation, Akzonobel NV, and Albemarle Corp. The other major players (not profiled in report) in the market include E I Dupont de Nemours and Company, Huntsman Corporation, Kemira Oyj, Clariant AG, Chemcon Specialty Chemicals Pvt. Ltd., Universal Oil Field Chemicals Pvt. Ltd., Imperial Oilfield Chemicals Pvt. Ltd., REDA Oilfield, Stepan Company, and Champion Technologies.

  6. Key Market Benefits of Oilfield Chemicals Market • This report provides an extensive analysis of the current and emerging market trends & dynamics of the global oilfield chemicals market. The oilfield chemicals market trend analysis for all the regions is done by constructing estimations for key segments from 2017 to 2023 to identify the prevailing opportunities. The report assists to understand the strategies adopted by the leading companies in the industry. It evaluates competitive landscape of the oilfield chemicals industry to understand the market scenario globally. Extensive analysis is conducted by key player positioning and monitoring the top competitors within the global market. • • • •

  7. Oilfield Chemicals Market North America Europe Asia-Pacific LAMEA

  8. Oilfield Chemicals Market Thank You! For More Details Visit us at https://www.alliedmarketresearch.com/request- sample/724 Follow Us On

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