August 6, 2019

Oilfield Biocides and Bio Solvents Market Trends Growth, Revenue and Forecast to 2025

The Global Oilfield Biocides and Bio Solvents Market was valued around US$ XX Mn by 2018 and growing at a significant CAGR over next seven years 2019-2025 due to high number of exploration activities in emerging countries

 

The global oilfield biocides and bio solvents market accounted for US$ XX Mn in 2018 and burgeoning over the forthcoming years. Key factors for the market growth include increasing commercialization of bio-solvents, rising global population, growing demand for fuels, strict regulation on volatile organic compound (VOC) content in different materials and growing number of exploration activities in emerging countries. However, factors such as shift from crude oil to other renewable sources for various applications and rising market for oleochemicals replacing the petrochemical demand are inhibiting the market growth.

 

Global oilfield biocides and bio solvents market segmented on the basis of type, application and region.

 

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