Global Oil Field Specialty Chemicals Market is forecasted to grow at 4.7% with factors such as increasing extraction of crude oil from new and unconventional reserves in various regions.
Oil field specialty chemicals market has shown an exceptional penetration in countries such as China, U.S. and Germany. Growing oil exploration & production activities. In developing countries, strong distribution network including multi-brand stores and online retailers is creating opportunity for the global oil field specialty chemicals market.
Oil Field Specialty Chemicals Market Scenario
According to Data Bridge Market Research, the market for oil field specialty chemicals in Asia-Pacific region has the highest market share followed by North America and Europe. Market leader is BASF SE which accounts an estimated market share of approximately 7% to 9% in the global oil field specialty chemicals market. The company is engaged in the manufacturing of chemicals, materials, industrial solutions, surface technologies, nutrition & care and agricultural solutions.
For instance,
- In April 2021, BASF SE and Omya have decided to enter global partnership on hollow glass microspheres. The product which is used for cementing and drilling applications in the oil and gas industry is BasoSphere. This development helps the company to increase customer base and revenue
- In July 2021, Dow has decided to launch several capacity expansion projects which increases the production of chemical products. This development helps the company to increase revenue
Trends Impacting the Market
Now the question is which other regions BASF SE, Clariant and Halliburton are targeting? Data Bridge Market Research has forecasted a large growth in Asia-Pacific oil field specialty chemicals market and the market leaders targeting India and Japan to be their next revenue pockets for 2021.
The oil field specialty chemicals market is becoming more competitive every year with companies such as regions BASF SE, Clariant and Halliburton as they are the market leaders for oil field specialty chemicals. The data bridge market research new reports highlight the major growth factors and opportunities in the oil field specialty chemicals market.
For more analysis on the oil field specialty chemicals market request for a briefing with our analysts https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=global-oil-field-specialty-chemicals-market
Oil Field Specialty Chemicals Market Development
- In February 2019, Halliburton has decided to increase the production capacity of specialty chemicals through the construction of new plant in Jubail, Saudi Arabia which is an oilfield chemical manufacturing reaction plant. This strategic expansion has accelerated the company fast-growing specialty chemicals business.
Scope of the Oil Field Specialty Chemicals Market
Global oil field specialty chemicals market is segmented on the basis of countries into the U.S., Canada, Mexico, Germany, U.K., Italy, France, Spain, Russia, Turkey, Switzerland, Belgium, Netherlands, Luxemburg, Rest of Europe, Japan, China, South Korea, India, Australia and New Zealand, Singapore, Thailand, Indonesia, Malaysia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Egypt, Saudi Arabia, U.A.E., Israel, Rest of Middle East and Africa.
All country based analysis of oil field specialty chemicals market is further analyzed based on further segmentation. On the basis of by type, the market is segmented into surfactants, demulsifiers, inhibitors, biocides, additives, acids, deformers, polymers, friction reducers, emulsifiers, iron control agents, dispersants, viscosifiers, wetting agents, retarders and others. On the basis of location, the market is segmented into onshore and offshore. On the basis of application, the market is segmented into drilling, stimulation, production, enhanced oil recovery (EOR), cementing, workover & completion and others.
To know more about the study https://www.databridgemarketresearch.com/reports/global-oil-field-specialty-chemicals-market
Key Pointers Covered in Oil field Specialty Chemicals Market Industry Trends and Forecast to 2027
- Market Size
- Market Standards and Changes
- Market Trials in Different Regions
- Market Requirements in Different Regions
- Market Shares in Different Regions
- Recent Developments for Market Competitors
- Recent Market Value for Different regions
- Sales Data for Market Competitors
- Key Vendors and Disruptors Study
- Supply Chain Competiveness
Key Market Competitors Covered in the Report
- BASF SE
- Solvay
- Dow
- Baker Hughes Company
- Clariant
- Evonik Industries AG
- Kemira
- Thermax Limited.
- Huntsman International LLC.
- Colonial Chemical Inc.
- Zirax
- Innospec
- CES Energy Solutions Corp.
- Stepan Company
- EMEC
- Chevron Phillips Chemical Company LLC.
- KRATON CORPORATION.
- Jiaxing Midas Oilfield Chemical Mfg Co., Ltd
- Versalis S.p.A.
- Halliburton.
- Albemarle Corporation.
Above are the key players covered in the report, to know about more and exhaustive list of oil field specialty chemicals companies, contact us https://www.databridgemarketresearch.com/toc/?dbmr=global-oil-field-specialty-chemicals-market
Research Methodology: Global Oil Field Specialty Chemicals Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Primary Respondents
- Demand Side: Oil Industry
- Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.
Related Reports
- Global Specialty Chemical Market
- Global Oilfield Chemicals Market
- Global Oilfield Stimulation Chemicals Market
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