Oilfield Chemicals Market Size, Share, Growth, Trends and Forecast Report, 2018 to 2025

The global oilfield chemicals market size was valued at USD 19.93 billion in 2016. Growing product demand in various petroleum operations such as drilling, well stimulation, production, cementing, enhanced oil recovery, and hydraulic fracturing is expected to drive the market globally.

ID: 1553107
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(businesspress24) - The global oilfield chemicals market is expected to reach USD 28.48 billion by 2025, growing at a CAGR of 4.3%, according to a new report by Grand View Research, Inc. The increasing demand for crude oil is likely to steer the oilfield chemicals industry growth over the projection period.

The global industry is anticipated to observe a linear growth trend over the projection period owing to the shift in inclination towards exploiting the unconventional hydrocarbon resources. Their application in operations including drilling, production, cementing, and workover & completion is expected to drive the oilfield chemicals demand.

The rheology modifiers product segment accounted for over 20% of the total oil field chemicals market share in 2016. These formulations are used to enhance crude oil properties such as thickening, emulsification, stabilization, and conditioning. Various R&D activities have been taken up by some of the companies to introduce eco-friendly rheology modifiers which can further increase the demand for specialty chemicals.

Further key findings from the report suggest:
ndustry


& Africa is expected to witness a steady growth at a CAGR of 4.5% during 2017 to 2025



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Keywords (optional):

chemical, chemical-industry, chemicals, oil, oil-field, oilfield, oilfield-chemical, oilfield-chemicals, petrochemical, petroleum,



Company information / Profile:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

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Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales(at)grandviewresearch.com
For More Information: www.grandviewresearch.com



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published by: HexaResearch
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Date: 10/16/2019 - 05:07
Language: English
News-ID 1553107
Character count: 2837
Kontakt-Informationen:
Firma: Grand View Research, Inc.
Ansprechpartner: Feedback to businesspress24.com about Pressrelease-id:
Stadt: San Francisco
Telefon: 1-888- 202-9519

Meldungsart: Financial
Versandart: send
Freigabedatum: 16.10.2019
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