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Specialty Oilfield Chemicals Market worth $13.4 billion by 2025

 



(EnergyIndustry.Net, August 06, 2020 ) The report "Specialty Oilfield Chemicals Market by Type (Demulsifiers, Inhibitors & Scavengers, Rheology Modifiers, Friction Reducers, Specialty Biocides, Specialty Surfactants, Pour Point Depressants), Application, and Region - Global Forecast to 2025", is projected to reach USD 13.4 billion by 2025, at a CAGR of 4.2%, from USD 10.9 billion in 2020. A projected increase in crude oil production after an expected decrease in the COVID-19 impact in the near future as a result of increase in demand for energy and oil related products is expected to drive the market during the forecast period. Stringent environmental regulations and geopolitical issues in the Middle East region are the factors restraining the market. The discovery of new oilfields and an increase in aging oil reservoirs are expected to provide high growth opportunities to manufacturers.

Download PDF brochure of the Report @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=517

Demulsifiers type to register the highest CAGR in the global specialty oilfield chemicals market, between 2020 and 2025

The specialty oilfield chemicals market is segmented by type into demulsifiers, inhibitors & scavengers, rheology modifiers, friction reducers, specialty biocides, specialty surfactants, pour point depressants and others. Demulsifiers are the most common chemicals in oilfields, since they perform the basic function of the separation of oil and water. These are toxic and have a harmful impact on the environment, so green demulsifiers are being developed, which are non-toxic and environmentally friendly.

Production be the fastest-growing application segment of the global specialty oilfield chemicals market during the forecast period

Production is projected to be the fastest-growing application of specialty oilfield chemicals during the forecast period. The rising demand for energy and the projected increase in crude oil production due an expected decrease in COVID-19 impact in the near future are factors that are projected to drive the specialty oilfield chemicals market during the forecast period.

Don't miss out on business opportunities in Specialty Oilfield Chemicals Market. Speak to Our Analyst and gain crucial industry insights that will help your business grow. https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=517

Browse in-depth TOC on "Specialty Oilfield Chemicals Market”
140 - Market Data Tables
53 - Figures
194 - Pages

North America to be the largest as well as the fastest-growing market for specialty oilfield chemicals during the forecast period

North America is the largest specialty oilfield chemicals market and is expected to witness the highest CAGR between 2020 and 2025. The countries dominating the specialty oilfield chemicals market in the North America are US, Canada, and Mexico. Production is the major application of specialty oilfield chemicals in this region. The rise in number of exploration activities in the region after an expected decrease in COVID-19 impact in the near future is expected to drive the specialty oilfield chemicals market.

The key market players profiled in the report include BASF SE (Germany), Clariant (Switzerland), The Dow Chemical Company (US), Solvay (Belgium), Ecolab (US), Halliburton (US), Schlumberger Limited (US), Nouryon (Netherlands), Baker Hughes Incorporated (US), Kemira (Finland), among others.

Get This Report @ https://www.marketsandmarkets.com/Purchase/purchase_reportNew.asp?id=517

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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