Oilfield chemicals Market is projected to experience moderate growth in terms of market value. Owing to Availability of a large number of offshore shale reserves, increasing demand for crude oil, and growing product demand in various petroleum operations. These chemicals impede the formation of the metal scales and reduce the water quantity into the oil well throughout exploration & drilling, which results in rising demand and applications of oilfield chemicals. Oilfield chemicals market continues to witness sturdy growth as it led to cost-effective extraction, exploration, and production of oil and natural gas.

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Demulsifiers segment is projected to be the leading type of the oilfield chemicals market during the forecast period.

Demulsifiers type is the dominating segment of the entire oilfield chemicals market during the forecast period 2019-2025. Demulsifiers are chemicals that are used to separate emulsions. They are mostly used when the substance mixture is stable and thus the substances cannot separate easily. Stable emulsions do not break easily. The choice of the type of demulsifiers depends on the emulsions present. Demulsifiers weaken or cancel out the electrostatic forces of repulsion between water droplets with an effect of causing them to come together.

North America constituted the maximum market share in the global oilfield chemicals market during the forecast period.

Geographically, North America is expected to account for the largest market size during the forecast period. The U.S. constituted lion’s share of the oilfield chemicals market in North America, in terms of volume and revenue and projected to continue its dominance during the forecast period 2019-2025. Technological advancement and increase investments in unconventional drilling activities and rapid development of shale gas fields are expected to increase the demand for oilfield chemicals in the near future. China is one of the countries with the highest crude oil production costs in the world. The growing demand for crude oil and petroleum and large investments in the energy sector for the economic developments of nations lead the APAC as the fastest growing region.

Global Oilfield Chemicals Market Competitive Landscape

Companies such as BASF SE, Dow Chemical Company, The Lubrizol Corporation, Akzo Nobel N.V., Stepan Company, Schlumberger Limited, Halliburton, Kemira, Clariant, NALCO, Solvay, Baker Hughes, Croda International Plc., Newpark Resources Inc., Albemarle Corporation, Gumpro Drilling Fluids Pvt Ltd, Kao Chemicals, Imperial Oilfield chemicals Pvt Ltd. are the key players in manufacturing oilfield chemicals globally.

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Scope of the Report

By Product

Inhibitors
Demulsifiers
Rheology Modifiers
Friction Reducers
Biocides
Surfactants
Foamers
By Application

Production Chemicals
Drilling Fluids
Well Stimulation Fluids
Cementing Fluids
Enhanced Oil Recovery
Workover and Completion
In addition, the report provides analysis of the oilfield chemicals market with respect to the following geographic segments and their high performing regions:

North America
Europe
Asia Pacific (APAC)
LATAM
MEA