Lucintel's latest market report analyzed that oilfield chemical provides attractive opportunities in the drilling and cementing, enhanced oil recovery, production chemicals, well stimulation, and workover and completion market. The oilfield chemical market is expected to grow at a CAGR of 3%-5%. In this market, demulsifier is the largest segment by chemical type, whereas drilling and cementing is highest growing segment by application.
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Based on chemical type, the oilfield chemical market is segmented into biocides, corrosion and scale inhibitors, demulsifiers, rheology modifiers, friction reducers, surfactants, polymers, gellants and viscosifiers, and other. The demulsifiers segment is expected to remain the highest growing segment over the forecast period as separation of water and oil from the crude water-oil emulsion.
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The oilfield chemical market is marked by the presence of several big and small players. Some of the prominent players offering oilfield chemical include Halliburton, Schlumberger Limited, Baker Hughes Company, Ecolab (NALCO Champion), BASF, Lubrizol Corporation, Albemarle Corporation, and Solvay.
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This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link [email protected].
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Brandon Fitzgerald
Lucintel
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