Energia
Specialty Oilfield Chemicals Market Worth $13.4 Billion by 2025 - Exclusive Report by MarketsandMarkets™
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The specialty oilfield chemicals market is segmented by type into demulsifiers, inhibitors & scavengers, rheology modifiers, friction reducers, specialty biocides, specialty surfactants, pour point depressants and others. Demulsifiers are the most common chemicals in oilfields, since they perform the basic function of the separation of oil and water. These are toxic and have a harmful impact on the environment, so green demulsifiers are being developed, which are non-toxic and environmentally friendly.
Production is projected to be the fastest-growing application of specialty oilfield chemicals during the forecast period. The rising demand for energy and the projected increase in crude oil production due an expected decrease in COVID-19 impact in the near future are factors that are projected to drive the specialty oilfield chemicals market during the forecast period.
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North America is the largest specialty oilfield chemicals market and is expected to witness the highest CAGR between 2020 and 2025. The countries dominating the specialty oilfield chemicals market in the North America are US, Canada , and Mexico . Production is the major application of specialty oilfield chemicals in this region. The rise in number of exploration activities in the region after an expected decrease in COVID-19 impact in the near future is expected to drive the specialty oilfield chemicals market.
The key market players profiled in the report include BASF SE ( Germany ), Clariant ( Switzerland ), The Dow Chemical Company (US), Solvay ( Belgium ), Ecolab (US), Halliburton (US), Schlumberger Limited (US), Nouryon ( Netherlands ), Baker Hughes Incorporated (US), Kemira ( Finland ), among others.
Specialty Chemical Market Research Report & consulting
1. by Type (Oil Soluble, Water- Soluble), Application (Crude Oil Production, Petro Refineries, Lubricant Manufacturing Process, Oil-based Power Plants, Sludge Oil Treatment Process), Region - Global Forecast to 2025
https://www.marketsandmarkets.com/Market-Reports/demulsifier-market-69682501.html
2. by Application (Onshore and Offshore), Fluid System (Water-Based System, Oil-Based System, Synthetic-Based System), Well Type (Conventional and HPHT), and Region - Global Forecast to 2023
https://www.marketsandmarkets.com/Market-Reports/drilling-completion-fluids-market-1241.html
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