The demand for oilfield chemicals market grows due to
technological advancements and increasing global energy demand for oil and gas
exploration and increase in need for higher value chemicals, the global
oilfield process chemicals market is expected to grow at a compound annual
growth rate (CAGR) of 4.9% and reach US$11.34 billion by 2022 from $7.72
billion in 2014.
The factors that are favouring the market are
increase in demand for stimulation products whereas factors such as increase in
competition hampers the market growth. The market trend of oilfield chemicals
is growing demand for Eco-friendly products.
Oilfield Process Chemicals Market is segmented by
technology, by product and by geography. Depending on the various products,
market is categorized into Cementing chemicals, Drilling fluids, Enhanced oil
recovery chemicals, Completion & work over Fluids, Production chemicals and
Stimulation chemicals. Based on technology, market is classified as Enhanced Oil
Recovery, Well Drilling, Well Stimulation and Unconventional Oil & Gas.
Based on geography, market is segmented into North America, Europe,
Asia-Pacific and Rest of the World. Significant mergers and acquisitions,
collaborations, and joint ventures are the industry trends that are playing a
major role for the market growth.
The key players in the Oilfield Process Chemicals
Market include Air Products and Chemicals Inc, Chemex Inc, Cytec Industries
Inc, DuPont, Global Drilling Fluids & Chemicals Ltd, National Chemical and
Petroleum Industries, Oil Chem Technologies LLC, SMC Technologies Inc, Unitop
Chemicals Pvt. Ltd and Well Flow International LLC.
For more information visit: http://www.marketresearchreports.com/stratistics-mrc/global-oilfield-process-chemicals-market-outlook-2014-2022
To
browse more Petrochemicals Market Research Reports
visit: http://www.marketresearchreports.com/petrochemicals
No comments:
Post a Comment