The market report aims to provide an overview of the industry through detailed market segmentation. The report provides thorough information regarding the overview and scope of the market, along with the market drivers, restrains, and key trends. It covers both the quantitative and qualitative aspects of the industry in each region and country participating in the study.
Key Drivers of the Oilfield Chemicals Market:
The significant factors contributing to the growth of the global oilfield chemicals market include the rising production of oil and natural gas due to growing demand majorly in emerging countries. Moreover, a rise in the research activities for new oil and natural gas reserves, followed by the growing production of crude oil and inclination towards substitute operations of drilling, are certain factors surging the demand for oilfield chemicals in the market in the upcoming years. In addition to this, an increase in completion, drilling, and production activities and a rise in the enhanced oil recovery activities will accelerate the demand of the market. The growth in the demand for crude oil products and the increasing inclination of manufacturers to develop superior performance oilfield chemicals will bolster the demand for such chemicals in the market in the upcoming years. The factors hindering the growth of the global oilfield chemicals market include the decrease in oil prices.
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This report splits the Oilfield Chemicals Market as follows:
- Friction reducers
- Rheology Modifiers
- Workover & Completion
- North America
- United States of America
- Asia Pacific
- Rest of APAC
- United Kingdom
- Rest of Europe
- South Africa
- Saudi Arabia
- Rest of the world (remaining countries of the LAMEA region)
The oilfield chemicals market report also scans the competitive landscape and profiles the major players operating in the market, including BASF SE, DowDuPont Inc., Baker Hughes, Akzo Nobel NV Clariant AG, Albemarle Corporation, Schlumberger Limited, Lubrizol Corporation, Halliburton, and Flotek Industries Inc., among others.
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