Oilfield Chemicals Market 2020 to Showing Impressive Growth By 2027

The research report provides a big picture on "Oilfield chemicals market" 2027, on a global basis, offering a forecast and statistic in terms of revenue during the forecast period. This report covers detailed segmentation, complete R & D history, and explanatory analysis including the latest news. Furthermore, the study explains the future opportunities and a sketch of key players involved in the oilfield chemicals hike in terms of revenue.

Get sample PDF of report @ https://www.theinsightpartners.com/sample/TIPRE00003548/

Global oilfield chemicals market, based on the type, was segmented as, polymers, corrosion and scale inhibitors, demulsifiers, surfactants, gellants and Viscosifiers, others. In 2018, polymers held the largest share of the market, by type. However, the demulsifiers segment is anticipated to grow at a significant rate during the forecast period. The demulsifiers have properties to treat emulsions under conditions such as short residence times, high turbulence, high solid loadings, low temperature, and high water content these factors are anticipated to lead to the growth of the segment during the forecast period.

Growth in Oil Exploration and Production Activities

Exploration and production (E&P) are called the upstream division of the oil and gas industry. The resource holders and workers of E&Ps work along with a variety of workers, which include engineering procurement and construction (EPC) contractors, and joint-venture partners, oil field service companies. The production of oil has increased in the last few years. As per the data of BP Statistical Review of World Energy 2019, global oil production increased by 2.2 million b/d. The majority of the total increase accounted for the US, with their rise in production (~2.2 million b/d). Furthermore, oil consumption has grown by an average of 1.4 million barrels per day (b/d) or 1.5% across the globe. In the growth of oil consumption, China (680,000 b/d) and the US (500,000 b/d) were the most significant contributors to growth. Due to the rising demand for oil and investment in various projects, there is less potential supply present. The oil companies are required to boost their production. The growth in the production of oil and increasing consumption of the associated with oilfield chemicals promote the growth and global expansion of the oilfield chemicals providers.

Company Profiles

•       Akzo Nobel N.V.

•       Albemarle Corporation

•       Baker Hughes

•       BASF SE

•       Ecolab

•       Halliburton

•       Newpark Resources Inc.

•       Schlumberger Limited

•       Solvay

•       The Lubrizol Corporation

About Us:

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.

Contact Us:

Call: +1-646-491-9876

Email: sales@theinsightpartners.com