A
new research report by Transparency Market Research offers a
comprehensive evaluation of the global Specialty
Oilfield Chemicals
Market. The
study, titled “Specialty
Oilfield Chemicals Market - Global Industry Analysis, Size, Share,
Growth, Trends and Forecast 2016 - 2024”,
is available for sale on the firm’s website.
Global
Specialty Oilfield Chemicals Market: Brief Description
The
specialty oilfield chemicals market is a multi-million market, which
includes a wide array of specialty chemicals employed for a broad
range of purposes. The major products offered within this market
encompass industrial and institutional cleaning chemicals, specialty
advanced polymers, pesticides, and construction chemicals among
several others. The main purpose of specialty oilfield chemicals is
to improve the recovery of oil from the oil-well. These chemicals are
utilized during various processes involved in oil recovery from the
oilfield such as drilling, exploration, production and maintenance.
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Market Research Report @
Applications
for specialty oilfield chemicals include corrosion inhibition, scale
inhibition, pest control, demulsification, foam control agents,
emulsifying agents, gelling agents, friction reduction, fracking
agents, anti-freeze agents, dispersing agents, etc. These chemicals
are used in oilfield functions such as in drilling fluids, well
stimulation, oil production, well cementing, oil recovery, work-over
and completion. Most chemicals are used for specific purposes
throughout the production lifecycle of an oilfield. However, certain
chemicals solve more than one purpose, especially surfactant
chemicals. Alternately, more than one chemical can be used for a
specific function in oilfield applications.
Most
of the specialty oilfield chemicals in use today are of synthetic
origin. Synthetic chemicals are preferred owing to lower prices,
steady availability and customizability. However, there are natural
substitutes as well for several synthetic based specialty oilfield
chemicals. The natural based chemicals such as guar gum are costlier
and limited by seasonal supply. Additionally, farmers as well as
governments across the world prefer food crops over such cash crops
over lingering food security concerns amongst rapidly growing world
population.
Global
Specialty Oilfield Chemicals Market: Trends and Prospects
The
global specialty oilfield chemicals market is primarily driven by the
high demand for energy production. Oil is the basic fuel source
across the world for most industrial and many domestic activities.
Additionally, the current shale gas revolution is expected to further
boost demand for specialty oilfield chemicals globally. However,
stringent regulations against chemicals potentially harmful for the
environment and costly disposal procedures for chemicals after use
are anticipated to hinder market growth. Development of new
environment friendly products and solutions that comply with
regulations laid down by global and regional regulatory authorities
might present prospective opportunities for further demand growth.
Global
Specialty Oilfield Chemicals Market: Regional Overview
In
terms of geography North America is estimated to be the leading
consumer owing to the high growth in the number of oilfield
exploration and deep drilling activities. Additionally, the shale gas
revolution has instilled renewed vigor in oil extraction and lead to
increase in the demand for specialty oilfield chemicals market. Latin
America, Eastern Europe, The Middle East, and Asia Pacific are
amongst other rapidly growing markets. These markets are
characterized by increasing oil exploration and drilling activities
owing to rapid industrial growth in the regions. Most of the
investment activities are concentrated on expansion into emerging
markets such as Asia Pacific, Latin America and Eastern Europe. The
market players are looking to enhance their footprints in the high
growth regions mentioned above and take advantage of lower land and
labor costs and lenient regulatory norms. Western Europe is expected
to face slower growth amidst economic crises in the euro zone
countries.
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accurate market forecast and analysis on the Specialty Oilfield
Chemicals market. Request a sample to stay abreast on the key trends
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Global
Specialty Oilfield Chemicals Market: Key Players
The
specialty oilfield chemicals market is fragmented with major global
players investing heavily in global mergers and acquisitions to
consolidate the market. Some of the key market players include
Ashland Inc., BASF SE, The Dow Chemical Company, Clariant AG, E.I. Du
Pont De Nemours & Company, Solvay SA, The Lubrizol Corporation,
Akzonobel NV, Baker Hughes Inc. and Kemira OYJ among others.
The
report offers a comprehensive evaluation of the market. It does so
via in-depth qualitative insights, historical data, and verifiable
projections about market size. The projections featured in the report
have been derived using proven research methodologies and
assumptions. By doing so, the research report serves as a repository
of analysis and information for every facet of the market, including
but not limited to: Regional markets, technology, types, and
applications.
The
study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The
regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
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Us
Transparency
Market Research (TMR) is a market intelligence company, providing
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of quantitative forecasting and trends analysis provides
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and analyze information.
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data repository is continuously updated and revised by a team of
research experts, so that it always reflects the latest trends and
information. With a broad research and analysis capability,
Transparency Market Research employs rigorous primary and secondary
research techniques in developing distinctive data sets and research
material for business reports.
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