July 20, 2020

Who are the leading players in the Oilfield Chemicals market?

Asia Pacific is the highest growing geographic market and is expected to be the most significant revenue contributor throughout the forecast period. The region is witnessing growth owing to the presence of well-established players in this region. The growth is driven by factors such as the government initiatives to promote crude oil exploration activities along with strategic alliances between countries to promote oil exploration. Furthermore, rising demand for petroleum-based fuel from the transportation industry is projected to boost the demand for Oilfield Chemical products in this region.

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Improved production of the oil in the U.S. made it stronger economically and also better America’s security in the globe. Various policies and actions support America’s continuous energy progress, not more significant than growing access to oil reserves in federally-controlled zones. Oilfield chemicals are having long shelf life period which makes them suitable for use in the industry.

Company Profiles

  • Akzo Nobel N.V.
  • Albemarle Corporation
  • Baker Hughes
  • BASF SE
  • Ecolab
  • Halliburton
  • Newpark Resources Inc.
  • Schlumberger Limited
  • Solvay
  • The Lubrizol Corporation