The report “Oilfield Stimulation Chemicals Market by Types (Gelling Agents, Surfactants, Friction reducers, Corrosion and Scale Inhibitors, Acids), by Application(Hydraulic Fracturing, Matrix Acidization, Acid Fracking) & by region - Global Trends & Forecasts to 2020” defines and segments the oilfield stimulation chemicals market with analysis and forecast of the market size.

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Browse 76 market data tables and 67 figures spread through 176 pages and in-depth TOC on “Oilfield Stimulation Chemicals Market by Types (Gelling Agents, Surfactants, Friction reducers, Corrosion and Scale Inhibitors, Acids), by Application(Hydraulic Fracturing, Matrix Acidization, Acid Fracking) & by region - Global Trends & Forecasts to 2020"

The leading players of stimulation chemicals include BASF SE (Germany), Chevron Philips (U.S.),E.I. Dupont (U.S.), Ashland Inc. (U.S.), and Dow chemicals (U.S.).

North America – The biggest market for oilfield stimulation chemicals

The rapid expansion in exploration of shale gas and oil reserves in North America is leading to significant changes in the oil field chemicals market recently. Moreover, current advances in horizontal drilling, hydraulic fracturing availability of water for fracking, and mineral rights licensing are contributing to the rapid development of shale gas and oil reserves in the North American region. This is driving the growth of oilfield stimulation chemicals market. There is significant increase in the activity level across all oilfield chemical sectors such as drilling fluids, cementing, stimulation, and production chemicals. This increasing activity in shale oil & gas reserves has also resulted in consumption of higher volumes of drilling and cementing chemicals. The North American region is, therefore, not only the largest market in oilfield stimulation chemicals, but, also in the oilfield services market.

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Friction Reducers – The fastest-growing segment of oilfield stimulation chemicals

The friction reducers type is the fastest-growing among the various segments of oilfield stimulation chemicals market. It is estimated to grow at a CAGR of 13.2% between 2015 and 2020. Friction reducers are extensively used in the hydraulic fracturing application, which is the largest application market. Boom in the shale gas exploration has indirectly helped to increase the growth rate of friction reducers.

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