The global Oilfield Chemicals Market is expected to be valued at USD 30.77 Billion in 2027 from USD 0.96 Billion in 2019, registering a CAGR of 4.51% through the forecast period. Oilfield chemicals are chemicals extensively used in oil & gas extraction and production operations. These chemicals are utilized in well drilling and oil production facilities, as they enhance the efficiency of the drilling and extraction processes, improve petroleum refining, and optimize oil recovery operations. The use of these chemicals maintains oilfields’ smooth operation, eliminating any stoppages or delays in the drilling process. Moreover, oilfield chemicals prevent metal scale formation, reducing water deposition in oil wells during the exploration and drilling activities.
Request free sample of this research report at : https://www.reportsanddata.com/sample-enquiry-form/1065
The global oilfield chemicals market is projected to accrue substantially high revenue over the forecast timeframe, primarily due to the increasing oil exploration & production operations worldwide, rising demand for specialty oilfield chemicals, segmenting need for advanced drilling fluids, and a rise in shale gas exploration activities. The increasing deep-water and ultra-deep-water oil drilling projects, the growing emphasis on crude oil production, the surging adoption of environmentally sustainable oilfield chemicals, and the rising cementing, stimulation, and drilling activities further bolster the global oilfield chemicals market growth. The significantly rising demand for petroleum and crude oil, the expanding automotive industry, and mounting investments in the oil & gas and energy industries create higher prospects for market growth in the upcoming years. On the other hand, several unfavorable factors, such as fluctuations in crude oil prices and rising concerns regarding the environmental hazards associated with oilfield chemicals, are predicted to impede the global market growth to a significant extent.
Key findings of the report:
To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/oilfields-chemical-market
For the purpose of this report, the global oilfield chemicals market has been segmented on the basis of product type, location, application, and region:
By Product Type (Revenue, USD Million; 2017-2027)
By Location (Revenue, USD Million; 2017-2027)
By Application (Revenue, USD Million; 2017-2027)
By Region (Revenue, USD Million; 2017-2027)
Table Of Content
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2018 – 2027
Chapter 3. Indicative Metrics
Chapter 4. Oilfield Chemicals Segmentation & Impact Analysis
4.1. Oilfield Chemicals Segmentation Analysis
4.2. Oilfield Chemicals Market Value Chain Analysis, 2016-2027
4.3. Regulatory framework
4.4. Oilfield Chemicals Market Impact Analysis
Continue …
Find more research reports on Materials and Chemicals Industry, by Reports And Data:
Potassium Citrate Market Size, Share & Analysis, By Grade (Industrial, Food, Pharmaceutical), By End-user (Food & Beverages, Industrial, Pharmaceuticals, Cosmetics), And By Region, Forecast To 2027
Aluminum Gallium Indium Phosphide Semiconductor Market Size, Share & Analysis, By Type (Crystalline Semiconductor, Amorphous Semiconductor), By Application (Electronics, Aerospace, Solar Energy), And By Region, Forecast To 2027
About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power, and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.
Media ContactCompany Name: Reports and DataContact Person: John WatsonEmail: Send EmailPhone: +1-212-710-1370Address:40 Wall St. 28th floor City: New York CityState: NY 10005Country: United StatesWebsite: https://www.reportsanddata.com/press-release/global-oilfield-chemicals-market