The newly Specialty Oilfield Chemicals market report provided a complete view of the present and future market. Deep analysis of enterprise competition pattern, enterprise product advantages and disadvantages, regional industrial layout characteristics. The base year considered for the study is 2018 and the market size is projected from 2019 to 2026.
Product Information
Specialty oilfield chemicals refer to a series of chemicals used in the process of petroleum and gas drilling, mining and transportation, water treatment and enhanced oil recovery.
On the basis of products, the various types include Demulsifiers, Inhibitors & Scavengers, Friction Reducers, and Rheology Modifiers. On the basis of application, the Specialty Oilfield Chemicals market is segmented into Production, Drilling Fluids, Well Stimulation, and EOR. The production segment accounted for the largest market share in 2018 and is expected to remain dominant during the forecast period.
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Market Insights
According to the report, the Specialty Oilfield Chemicals global market is valued at approximately USD 12,486 million in 2019 and is expected to generate revenue of around USD 16,486 million by 2026, growing at a CAGR of roughly 4.05% from 2019 and 2026. The Specialty Oilfield Chemicals market is expected to witness significant growth due to the increased demand for specialty oilfield chemicals in the Production, Drilling Fluids, Well Stimulation, and EOR applications across the globe. However, the declining prices of crude oil and ongoing geopolitical issues in some regions are expected to impede the growth of the market. The rapid industrialization and urbanization in developing economies, such as China and India, are expected to drive the growth of the market.
Regional Segment Analysis
The report focuses on detailed analysis of major regions like North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Columbia), and Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa).
North America is the global market leader with a share of 31.25%, followed by Europe and Asia-Pacific, accounting for 30.87% and 30.68% respectively. North America is expected to witness significant growth rate in the following years, owing to the presence of huge onshore and offshore shale gas reserves in the region. The United States is witnessing an increase in demand for specialty oilfield chemicals. Asia-Pacific is anticipated to show growth in the following years, owing to the increasing government spending in China to meet energy demands.
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Competitive Players
The Specialty Oilfield Chemicals market is full of competition due to the presence of many large and small companies and local manufacturers. The leading vendors in the market are AkzoNobel, Albemarle, Baker Hughes, Basf, and Clariant. Other prominent vendors in the market are The Dow Chemical Company, Halliburton, Kemira Oyj, Lubrizol, Nalco Champion, Schlumberger, Solvay, Stepan Company, and others.
Target Audience for this Report
l Specialty Oilfield Chemicals manufacturers
l Specialty Oilfield Chemicals importers and exporters
l Specialty Oilfield Chemicals traders, distributors, and suppliers
l Raw material suppliers of Specialty Oilfield Chemicals
l Specialty Oilfield Chemicals industry associations
l Product managers, Specialty Oilfield Chemicals industry administrator, C-level executives of the industries
l Market Research and consulting firms
l Small and Medium-sized Enterprises (SMEs)
Table of Content
1 Report Overview
1.1 Product Definition and Scope
1.2 PEST (Political, Economic, Social and Technological) Analysis of Specialty Oilfield Chemicals Market
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2 Market Trends and Competitive Landscape
3 Segmentation of Specialty Oilfield Chemicals Market by Types
4 Segmentation of Specialty Oilfield Chemicals Market by End-Users
5 Market Analysis by Major Regions
6 Product Commodity of Specialty Oilfield Chemicals Market in Major Countries
7 North America Specialty Oilfield Chemicals Landscape Analysis
8 Europe Specialty Oilfield Chemicals Landscape Analysis
9 Asia Pacific Specialty Oilfield Chemicals Landscape Analysis
10 Latin America, Middle East & Africa Specialty Oilfield Chemicals Landscape Analysis
11 Major Players Profile
11.1 AkzoNobel
11.1.1 AkzoNobel Company Profile and Recent Development
11.1.2 Market Performance
11.1.3 Product and Service Introduction
11.2 Albemarle
11.3 Baker Hughes
11.4 Basf
11.5 Clariant
11.6 The Dow Chemical Company
11.7 Halliburton
11.8 Kemira Oyj
11.9 Lubrizol
11.10 Nalco Champion
11.11 Schlumberger
11.12 Solvay
11.13 Stepan Company
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Key questions answered in the report
l What will the market size and growth rate be in 2026?
l What segment or region will drive or lead the market growth and what are the reasons?
l How will market drivers, constraints and future opportunities affect market dynamics and subsequent analysis of relevant trends?
l What key strategies are used by top vendors to increase revenue?
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