Energy & Environment Industry Today
Worldwide Oil Field Chemicals Market To Perceive A Phenomenal Growth At ~ 5% of CAGR By 2022
Market Research Future published a half cooked research report on “Global Oil Field Chemicals Market Research Report - Forecast to 2022” Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2022
Published 07 February 2018
Oil Field Chemicals Global Market – Synopsis
Oil Field Chemicals are basically these high value ‘well stimulation’ chemicals used in hydraulic fracturing to separate the waste and water produced during oil and gas exploration and production (E&P) activities improving the recovery process and quality of product (O/G).
These specialty chemicals have proven to be crucial for OnG operations imparting exclusive capabilities and functionality in well drilling, intervention and completion services while leaving a minimal impact on the environment.
The efficacy of these chemicals in striking a balance between costs and productivity is benefitting predominantly making them a vital and high value product to be used in drilling processes. This is the key factor propelling the market growth of Oil Field Chemicals.
Market Research Future, a leading market research firm, in its recently published market analysis foretells that the Global Oilfield Chemicals Market is expected to register ~5% CAGR, formulating enormous growth by the end of the forecasted period (2016 – 2022).
Factors contributing to the market growth include resurging Oil & Gas industry, increased drilling projects that have been triggered with the new discoveries of oil & gas reserves in some regions, augmented demand for crude oil, exploring more reservoirs and the trend of rising deep water production. Moreover, a renewed interest in shale gas extraction worldwide is expected to provide impetus to the global Oilfield Chemicals Market growth.
Some O&G fields are experiencing the high water-cut period posing challenges to the development process and profitability. This proposes need for more advanced recovery technologies that can improve efficiency, stabilize the production rate & quality of the old oilfields providing far-reaching prospects for oil recovery. This presages upsurge demand for Oil Field Chemicals will lead to garnering exponential traction for the Oil Field Chemicals market globally. The supply and demand dynamics is expected to change significantly, increasing the number of wells the market size of these chemicals.
Key Players
The Global Oil Field Chemicals Market is driven by some of the leading players operating in the market including BASF SE, AkzoNobel N.V., The Dow Chemical Company (US), Clariant (Switzerland), Kemira Oyj (Finland), Schlumberger (US), Halliburton (US), and Lubrizol Corporation (US).
Get Sample of Report @ https://www.marketresearchfuture.com/sample_request/1755
Worldwide Oil Field Chemicals Market – Competitive Analysis
The market appears to be fairly stable as far as eyes can see however a fierce competition will resurge replacing the stability and prompting to the players operating in the market to take up M&A activities, collaboration, contracts, agreements, and partnerships to churn the market competition.
Industry/ Innovation/ Related News:
January 29, 2018 – Exxon Mobil Corporation (US) a global O&G Company, announced its plans to pump up USD 50 billion’s investments over the next five years, in view with the recent tax deduction by the US governments. The company also mentioned its plans to increase the daily production at the Permian Basin, Southwest US at a rate of 600,000 barrels a day.
January 15, 2018 – Exxon Mobil Corporation (US) announced discovering the Hydrocarbons reserves during an onshore drilling at P’nyang (South-2 well), Western Province of Papua New Guinea. The company expects that; the recent discovery will add value to its growth combining with the InterOil Corporation acquisition, and increased assessed reserves in the existing PNG LNG project.
January 10, 2018 – SNC Lavalin (US) announced that it has been awarded an exclusive agreement for rending its engineering services to a downstream petro-chemical and refining company in the US Gulf Coast. The agreement approximately values USD 100M.
January 05, 2018 – Endress+Hauser (US) partnering with other industry leaders like Angus Measurement Services, Vector Controls and TechnipFMC announced that joining the hands together these automation companies plan to add value to the O&G industry assisting customers with transition to the digital oilfield.
Get Complete Report @ https://www.marketresearchfuture.com/reports/oil-field-chemicals-market-1755
Oil Field Chemicals Global Market – Segments
For the convenience of the report and enhanced understanding; the report is segmented in to 4 key dynamics
By Material : Comprises Commodity Vehicles, Polymers and Specialty Chemicals.
By Application : Drilling Fluid Chemicals, Production Chemicals, & Stimulation Fluid Additives.
By Fluid Type : Drilling, Completion, & Stimulation.
By Regions : North America, Europe, APAC and Rest of the World.
Worldwide Oil Field Chemicals Market – Geographical Analysis
North America is hold the hegemony of this market owing to the augmented exploration activities in USA and Canada increasing the market size of Oilfield Chemicals.
Middle East region despite the ongoing political instability, will perceive a substantial growth rate attributing to the unfavorable geological conditions (extreme heat/cold) that demand more advanced & hence expensive Oilfield Chemicals.
Whereas in India, Government’s support and the decision to auction Govt. owned 69 inactive O&G fields to private companies on a new revenue sharing contract is projected to fuel O&G exploration activities increasing the oilfield Chemicals market growth.
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Contact:
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: sales@marketresearchfuture.com
Oil Field Chemicals are basically these high value ‘well stimulation’ chemicals used in hydraulic fracturing to separate the waste and water produced during oil and gas exploration and production (E&P) activities improving the recovery process and quality of product (O/G).
These specialty chemicals have proven to be crucial for OnG operations imparting exclusive capabilities and functionality in well drilling, intervention and completion services while leaving a minimal impact on the environment.
The efficacy of these chemicals in striking a balance between costs and productivity is benefitting predominantly making them a vital and high value product to be used in drilling processes. This is the key factor propelling the market growth of Oil Field Chemicals.
Market Research Future, a leading market research firm, in its recently published market analysis foretells that the Global Oilfield Chemicals Market is expected to register ~5% CAGR, formulating enormous growth by the end of the forecasted period (2016 – 2022).
Factors contributing to the market growth include resurging Oil & Gas industry, increased drilling projects that have been triggered with the new discoveries of oil & gas reserves in some regions, augmented demand for crude oil, exploring more reservoirs and the trend of rising deep water production. Moreover, a renewed interest in shale gas extraction worldwide is expected to provide impetus to the global Oilfield Chemicals Market growth.
Some O&G fields are experiencing the high water-cut period posing challenges to the development process and profitability. This proposes need for more advanced recovery technologies that can improve efficiency, stabilize the production rate & quality of the old oilfields providing far-reaching prospects for oil recovery. This presages upsurge demand for Oil Field Chemicals will lead to garnering exponential traction for the Oil Field Chemicals market globally. The supply and demand dynamics is expected to change significantly, increasing the number of wells the market size of these chemicals.
Key Players
The Global Oil Field Chemicals Market is driven by some of the leading players operating in the market including BASF SE, AkzoNobel N.V., The Dow Chemical Company (US), Clariant (Switzerland), Kemira Oyj (Finland), Schlumberger (US), Halliburton (US), and Lubrizol Corporation (US).
Get Sample of Report @ https://www.marketresearchfuture.com/sample_request/1755
Worldwide Oil Field Chemicals Market – Competitive Analysis
The market appears to be fairly stable as far as eyes can see however a fierce competition will resurge replacing the stability and prompting to the players operating in the market to take up M&A activities, collaboration, contracts, agreements, and partnerships to churn the market competition.
Industry/ Innovation/ Related News:
January 29, 2018 – Exxon Mobil Corporation (US) a global O&G Company, announced its plans to pump up USD 50 billion’s investments over the next five years, in view with the recent tax deduction by the US governments. The company also mentioned its plans to increase the daily production at the Permian Basin, Southwest US at a rate of 600,000 barrels a day.
January 15, 2018 – Exxon Mobil Corporation (US) announced discovering the Hydrocarbons reserves during an onshore drilling at P’nyang (South-2 well), Western Province of Papua New Guinea. The company expects that; the recent discovery will add value to its growth combining with the InterOil Corporation acquisition, and increased assessed reserves in the existing PNG LNG project.
January 10, 2018 – SNC Lavalin (US) announced that it has been awarded an exclusive agreement for rending its engineering services to a downstream petro-chemical and refining company in the US Gulf Coast. The agreement approximately values USD 100M.
January 05, 2018 – Endress+Hauser (US) partnering with other industry leaders like Angus Measurement Services, Vector Controls and TechnipFMC announced that joining the hands together these automation companies plan to add value to the O&G industry assisting customers with transition to the digital oilfield.
Get Complete Report @ https://www.marketresearchfuture.com/reports/oil-field-chemicals-market-1755
Oil Field Chemicals Global Market – Segments
For the convenience of the report and enhanced understanding; the report is segmented in to 4 key dynamics
By Material : Comprises Commodity Vehicles, Polymers and Specialty Chemicals.
By Application : Drilling Fluid Chemicals, Production Chemicals, & Stimulation Fluid Additives.
By Fluid Type : Drilling, Completion, & Stimulation.
By Regions : North America, Europe, APAC and Rest of the World.
Worldwide Oil Field Chemicals Market – Geographical Analysis
North America is hold the hegemony of this market owing to the augmented exploration activities in USA and Canada increasing the market size of Oilfield Chemicals.
Middle East region despite the ongoing political instability, will perceive a substantial growth rate attributing to the unfavorable geological conditions (extreme heat/cold) that demand more advanced & hence expensive Oilfield Chemicals.
Whereas in India, Government’s support and the decision to auction Govt. owned 69 inactive O&G fields to private companies on a new revenue sharing contract is projected to fuel O&G exploration activities increasing the oilfield Chemicals market growth.
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Contact:
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: sales@marketresearchfuture.com
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