Title: Oilfield Chemicals Market - Global Industry Insights, Trends, Outlook
1Oilfield Chemicals Market-Global Industry
Insights, Trends, Outlook, and Opportunity
Analysis, 2016-2024
2REPORT DESCRIPTION
- Oilfield chemicals find major application in the
exploration of natural gas and at various levels
of oil gas production process. Oilfield
chemicals are used as corrosion inhibitors,
emulsion breakers, cementing super plasticizers,
paraffin dispersants, and drilling additives,
among others. Oilfield chemicals market continues
to witness strong growth as it has led to
cost-effective extraction, exploration, and
production of oil and natural gas. Oilfield
chemicals are regarded as the essential fossil
fuel elements as it helps in a feasible way of
drilling reservoirs of gas or oil in various
terrains along with the easy extraction of
abundant fossil fuels until the amount of
recovered fuel becomes too expensive to continue. - With the increase in dependency on oil gas
industries, owing to increased domestic oil
consumption, upsurge in vehicle parc, growing
attention towards building deep sea oil reserves,
increased usage of diesel for irrigation purposes
due to the weather fluctuations and
irregularities of monsoon along with rising air
traffic are expected to fuel growth of the global
oilfield chemicals market. Oilfield chemicals
find major application in drilling activities,
owing to increasing need to improve and enhance
the efficiency and productivity of drilling
operations. For instance, oilfield chemicals are
highly used in ensuring protection of the
drilling equipment and pipes from corrosion by
segregating the oil and water from oil which
usually blend together. -
3Oilfield Chemicals Market Taxonomy
- By Type of Oilfield Chemicals
- On the basis of type of agent, the global market
is classified as - Specialty Surfactants
- Demulsifiers
- Rheology Modifiers
- Inhibitors Scavengers
- Friction Reducers
- Gellants Viscosifiers
- Specialty Biocides
- Others
4Market Segmentation
- Most of the oil produced in oilfields has
excessive amount of water, which blends in with
oil which can lead to corrosion. With an aim to
reduce corrosion of pipelines, oil is separated
from water through the usage of demulsifiers.
Pipeline corrosion in oilfield lead to
inefficiency of the oil production. Therefore,
corrosion inhibitors are used which work in
reaction with corrosion agents such as oxygen to
inactivate them. Demulsifiers and corrosion
inhibitors are very essential in oilfields as
they protect the drilling equipment, containers
and pipelines from damages, leakages, and
corrosions. - Request a sample pdf Copy of report_at_
https//www.coherentmarketinsights.com/insight/req
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5Key Strategies
- Oilfield Chemicals Market Outlook - North America
is expected to be the most lucrative region for
key players - The regional coverage for global oilfield
chemicals market include North America, Europe,
Asia Pacific and Rest of the World. Rapid growth
in the gas and oil production activities in North
America represents the highest market share for
oilfield chemicals industry. Exploration and
production activity has surged 12 and as
reported by The North Dakota Industrial
Commission since OPEC's agreement, oil and gas
operators will be shifting from running minimum
number of rigs to incremental increases
throughout 2017, so long as oil prices remain
above US 50 per barrel. - Major players operating in the global oilfield
chemical market include Baker Hughes, Akzo Nobel
NV, Elementis Plc., NALCO Champion, Newpak
Resources Inc., The Lubrizol Corporation,
Halliburton Company, Solvay SA and others. -
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