Oil Field Chemicals are the high value, well stimulation chemicals used to separate the waste and water produced in hydraulic fracturing during oil and gas exploration and energy production (E&P) activities. These chemicals improve the recovery process and the quality of the product (oil/gas/energy).
Global Key Players and Competition Analysis
Some of the key players in the Oil Field Chemicals market are BASF SE (Germany), Lubrizol Corporation (U.S.), AkzoNobel N.V. (Netherlands), The Dow Chemical Company (U.S.), Schlumberger, Halliburton (U.S.), Kemira Oyj (Finland) and Clariant (Switzerland) among others.
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The MRFR analysis is segmented into four key dynamics for the convenience of understanding: –
By Material: Comprises Commodity Vehicles, Polymers and Specialty Chemicals among others.
By Application: Drilling Fluid Chemicals, Production Chemicals, and Stimulation Fluid Additives among others.
By Fluid Type: Drilling, Completion, and Stimulation among others.
By Region: North America, Europe, APAC and Rest of the World.
North America is the leading region for this market mainly due to the increased exploration activities in USA and Canada. The increasing exploration activities in this region have in turn resulted in an increase in the Oilfield Chemicals market.
Increasing demand for oil and gas is expected to result in a rise in demand for the Oil Field Chemicals Market. In recent times the oil and gas has been experiencing a significant downturn due to the continuous fall in the prices. These changes in the supply and demand dynamics is expected to induce a rise in the number of oil wells thus resulting in boosting the Oil Field Chemicals market.
Browse the market data and information spread across 100 pages with 49 data tables and 9 figures of the report “Oil Field Chemicals Market Research Report – Global Forecast to 2022” in-depth alongside table of content (TOC) at: https://www.marketresearchfuture.com/reports/circuit-breaker-market-921
January 29, 2018 – Exxon Mobil Corporation (US), a global O&G Company, announced its plans to pump up USD 50 billion’s investments over the next five years, in view with the recent tax deduction by the US governments. The company also mentioned its plans to increase the daily production at the Permian Basin, Southwest USat a rate of 600,000 barrels a day.
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