A new report, now available on ASDReports, concludes that the world market for the Oil Field Specialty Chemicals will reach $11.1 billion in 2017. This analysis and others appear in Oil Field Specialty Chemicals Market 2017-2027: Forecasts By Type (Corrosion Inhibitors, Biocides, Demulsifiers, Pour-Point Depressants, Surfactants, Natural Polymers, Synthetic Polymers), By Application (Drilling Fluids, Well Stimulation, Production Chemicals, Cementing, Workover & Completion, Enhanced Oil Recovery) & By Region Plus Profiles of Top Companies by the key player.
The global oil field specialty chemicals industry is witnessing growth on account of increasing oil & gas activities, technological advancements, and fast growing exploration and production in the North America and the Middle East. These chemicals are essential for a normal working of any oil well. These chemicals keep the oil field in safe and working condition so that there is no loss of time machine due to the challenging conditions of exploration and production. Due to the increasing oil & activities around the globe, the market for oil field specialty chemicals has grown significantly in recent years and as the oil prices are further stabilised it is expected to grow at a more rapid pace during the coming decade.
The effects of past recession of 2008 and later the Eurozone crisis have been most significant in the US and Europe, still the North America was able to keep up the demand for specialty oil field chemicals. However, the dwindling oil & gas reserves of Europe and less scope of shale gas meant slow growth in the European region. In contrast, developing nations of Middle East & Africa have performed strongly over the past few years and this has coincided with a booming oil & gas industry in these regions.
North America is largest and most important market for the industry as it accounts for over half of the global demand. The U.S. alone accounts for over 40% of the global. The shale gas boom and other unconventional exploration and production methods are acting as driver in the North American oil field chemicals demand. The market is also fast growing in the oil rich Middle Eastern countries and few countries in Africa. The market in South America is driven by the demand from Brazil, which is also the fastest growing country for oil field specialty chemicals in the next decade.
This 183 page report contains 208 tables, charts and graphs that add visual analysis in order to explain developing trends within the Oil Field Specialty Chemicals. The key player provides forecasts for the period 2017 to 2027 in terms of value (US$) for the Oil Field Specialty Chemicals market. In addition, 14 submarkets are forecasted and analysed over the period 2017 to 2027. The report also provides profiles of 10 leading companies operating within the market such as BASF SE, The Dow Chemical Co., etc.
Oil Field Specialty Chemicals Market 2017-2027: Forecasts By Type (Corrosion Inhibitors, Biocides, Demulsifiers, Pour-Point Depressants, Surfactants, Natural Polymers, Synthetic Polymers), By Application (Drilling Fluids, Well Stimulation, Production Chemicals, Cementing, Workover & Completion, Enhanced Oil Recovery) & By Region Plus Profiles of Top Companies will be of value to current and future potential investors wanting to better understand the Oil Field Specialty Chemicals industry and its underlying dynamics, as well as companies and research centres who wish to broaden their knowledge of the Oil Field Specialty Chemicals market.
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Source: ASDReports - Market Research
Date: Mar 13, 2017