Oilfield Chemicals Market Forcasted for Accelerated Growth by 2024

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Oilfield Chemicals Market-Global Industry
Insights, Trends, Outlook, and Opportunity
Analysis, 2016-2024
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Key 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. 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.
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REPORT DESCRIPTION
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. Owing to the
unprecedented drop in oil prices globally, the
oil and gas exploration and production has slowed
down in several regions. This has in turn brought
down the rate of drilling activities thereby
posing a major restraint for the growth of global
oilfield chemicals market. Hence, the supply
demand imbalance wherein the supply of oil is
expected to continue whereas, the demand for oil
is expected to slow down would inhibit growth of
the global oilfield chemicals market. However,
drilling fluids is expected to continue to remain
the dominant source of demand for global oilfield
chemicals market owing to the increasing demand
for advanced water-based and high value drilling
fluids. Ask for detailed Sample of the Research
Report _at_ https//www.coherentmarketinsights.com/in
sight/request-sample/332 The Sample consists of
Table of Content, Research framework of the
actual report research methodology adopted for
it.
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Oilfield Chemicals Market Taxonomy

• Oilfield 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
• On the basis of method of application, the global
  market is classified as
• Drilling fluid
• Cementing Additives
• To Get Discount on this Report_at_
  https//www.coherentmarketinsights.com/insight/req
  uest-discount/332

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Market 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
  uest-sample/332

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