BASF SE, Clariant, and Halliburton Have Dominated the Global Oil Field Specialty Chemicals Market in 2020

Global Oil Field Specialty Chemicals Market is expected to grow with the CAGR of 4.7% in the forecast period of 2021 to 2028. The years considered for study are as mentioned below.

Access Full Report @ https://www.databridgemarketresearch.com/reports/global-oil-field-specialty-chemicals-market

Global oil field specialty chemicals market is a highly consolidated market, which includes specific number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.

The major players dealing in global oil field specialty chemicals market are introducing strong range of product portfolio. This helped companies to maximize the sales with enhanced product portfolio.

For instance,

  • In 2021 December, Geveko Markings acquired Oré Peinture, a major French maker of road marking paint and safety supplies. The purchase broadens Geveko's product portfolio and marks a turning point in the company's plan to increase its position in key markets and adjacent industries. The agreement was mainly undertaken to accelerate the global growth of the company.
  • In 2019 July, Hitex International Group and L&R Roadlines collaborated with Nottingham City Council to install ‘Rainbow Crossings’ in Nottingham City Centre. The company took the opportunity to provide a symbol of diversity in the city and to highlight their position in the U.K.

BASF SE is dominating the market and the other players in the market are 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 and Albemarle Corporation among others.

Oil Field Specialty Chemicals Market BASF SE

BASF SE headquartered in Ludwigshafen, Germany which was founded in 1865 as public ownership. The company is engaged in the manufacturing of chemicals, materials, industrial solutions, surface technologies, nutrition & care and agricultural solutions. The company have business segment which are chemicals, material, industrial solutions, surface technologies, nutrition & care, agricultural solutions and other and out of which chemicals is focused category. The company have wide product agriculture, automotive & transportation, chemicals, construction, electronics & electric, energy & resources, furniture & wood, home care and i&i cleaning, nutrition, packaging & print, paints & coatings, personal care & hygiene, pharmaceuticals, plastics & rubber, pulp & paper, textile, leather & footwear, product contacts, product finder and general business topics out of which our focused product category is energy & resources. The company has wide global presence across the Americas, Europe, Asia-Pacific, Middle East and Africa. Company have subsidiaries which are BASF Coatings (Germany), Wintershall (Germany), BASF Japan (Japan), Chemetall (Gemany), Cognis (Germany), BASF Polyurethanes GmbH (Germany), TrinamiX GmbH (Germany), Nunhems (The Netherlands), pci augsburg (Germany) among others.

For instance,

  • In August 2021, BASF SE and SINOPEC to further expand their Verbund site in Nanjing, China which increases the production of several downstream chemical plants. This development helps the company to increase revenue in near future.

Clariant

Clariant is headquartered in Basel, Switzerland and it was founded in year 1995 as public ownership. The company is engaged in manufacturing of specialty chemicals, pigments, coatings, plastics which are used in agriculture, pharmaceutical, textile, leather industry, energy, oil and mining industry. The company have business segment which are care chemicals, natural resources, catalysis, and plastics & coatings under which natural resources is our market focus category. The company offers wide range of product categories such as additives, catalysts, functional minerals, industrial & consumer specialties, master batches, oil and mining services and pigments under which oil and mining services is market focused category. The company has presence in Americas, Europe, Asia-Pacific, Middle East and Africa. Company subsidiaries are Clariant Plastics & Coatings (Argentina), SQE Olivene S.r.l. (Italy), Clariant Bohai Pigments Preparations Ltd. (China), Clariant Masterbatches (Finland), Clariant Plastics & Coatings (U.K.) Ltd (U.K.) and Clariant Chemicals Ltd (India) among others.

For instance,

  • In September 2016, Clariant has decided to strengthen its North American oilfield production chemicals business with two acquisitions which are Kel-Tech and X-Chem and invested USD 200.00 million. This development helped the company to increase revenue and production capacity

Halliburton

Halliburton is headquartered in Texas, U.S. as private ownership it was founded in year 1919 as public ownership. The company is engaged in the manufacturing of products which are related to drilling, well construction in oil and gas industry. The company has product category which are subsurface, well construction, completions and production out of which production is market focused segment. The company has wide global presence in Americas, Europe, Asia-Pacific, Middle East and Africa. Company have several subsidiaries which are Halliburton Produtos Ltda (Brazil), Halliburton Latin America SA (U.S.), Halliburton AS (U.S.), Halliburton Co Germany G.m.b.H. (Germany), Halliburton International Inc (U.S.) and many others.

For instance,

  • In February 2019, Halliburton has decided to increase the production capacity of speciality 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