Production chemicals are used for enhancing the recovery of hydrocarbons from the well. Various categories of production chemicals include corrosion inhibitors, scale inhibitors, asphaltene inhibitors, biocides, demulsifies, scavengers, surfactants, and others. These chemicals are added in production to achieve the optimum performance and enhance the effectiveness of the oil recovery.

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Recent boom in the shale oil and gas industry in North America is driving the demand for production chemicals. The factors driving growth in the production chemicals market are increasing production of crude oil, growing drilling activities, and pursuing production from ageing fields. The market is projected to witness huge growth due to enormous potential offered by these drivers. Many of the oil and gas companies are headquartered in this region which boosts the oil and gas industry of North America and the neighboring Latin American region.

The manufacturers of production chemicals mainly focus on mergers and acquisitions to expand their product portfolio for various applications as well as deepen their market reach. The pending acquisition of Baker Hughes by Halliburton is a major example of an acquisition in this market. The acquisition of Nalco Holdings (U.K.) and Champion Technologies (U.K.) by Ecolab (U.K.) was another significant example in this market. Expansion was also a preferred strategy of the companies. Expansion into growing markets such as Asia-Pacific, Brazil, and the Middle East has been and will be the key success for production chemicals producers if they intend to increase their overall sales and revenue.

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The report covers the global production chemicals market in major regions namely North America, Europe, the Middle East and Africa, Asia-Pacific, and Latin America. This report analyzes different marketing trends and establishes the most effective growth strategy in the market. It identifies market dynamics such as drivers, restraints, opportunities, and winning imperatives. Major companies such as Akzonobel NV (The Netherlands), BASF SE (Germany), Croda PLC (U.S.), DuPont (U.S.), Baker Hughes (U.S.), Halliburton, and Schlumberger Limited (U.S.) are profiled.

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