“Increased Drilling Activities in Unconventional Oil & Gas Reserves”
- One prominent trend in the global specialty oilfield chemicals market is the growing adoption of environmentally friendly and low-toxicity chemical formulations.
- This trend is driven by increasing regulatory pressure, environmental concerns, and growing emphasis on sustainable oil and gas operations. Oilfield operators are under scrutiny to reduce the environmental footprint of exploration and production activities.
- For instance, Schlumberger and Halliburton have launched biodegradable, low-toxicity drilling and completion fluids to align with sustainability goals and meet stringent regional regulations such as those from the EPA (U.S.) and REACH (EU).
- The shift towards greener alternatives is also influencing the development of non-toxic corrosion inhibitors, biodegradable scale inhibitors, and low-emission demulsifiers that can function efficiently under harsh reservoir conditions.
- As the oil & gas sector intensifies its focus on ESG compliance, the demand for sustainable specialty oilfield chemicals is expected to grow, supporting long-term market expansion.
