2019 Global Oilfield chemicals Market Oilfield chemicals Market

2019 Global Oilfield chemicals Market 2025: By Top Key
Players –Dow Chemical Company, The Lubrizol Corporation,
Akzo Nobel N.V., Stepan Company, Schlumberger Limited
Oilfield chemicals Market is projected to experience moderate growth in terms of market
value. Owing to Availability of a large number of offshore shale reserves, increasing demand
for crude oil, and growing product demand in various petroleum operations. These
chemicals impede the formation of the metal scales and reduce the water quantity into the
oil well throughout exploration & drilling, which results in rising demand and applications of
oilfield chemicals. Oilfield chemicals market continues to witness sturdy growth as it led to
cost-effective extraction, exploration, and production of oil and natural gas.
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Demulsifiers segment is projected to be the leading type of the oilfield chemicals
market during the forecast period.
Demulsifiers type is the dominating segment of the entire oilfield chemicals market during
the forecast period 2019-2025. Demulsifiers are chemicals that are used to separate
emulsions. They are mostly used when the substance mixture is stable and thus the
substances cannot separate easily. Stable emulsions do not break easily. The choice of the
type of demulsifiers depends on the emulsions present. Demulsifiers weaken or cancel out
the electrostatic forces of repulsion between water droplets with an effect of causing them
to come together.
North America constituted the maximum market share in the global oilfield
chemicals market during the forecast period.
Geographically, North America is expected to account for the largest market size during the
forecast period. The U.S. constituted lion’s share of the oilfield chemicals market in North
America, in terms of volume and revenue and projected to continue its dominance during
the forecast period 2019-2025. Technological advancement and increase investments in
unconventional drilling activities and rapid development of shale gas fields are expected to
increase the demand for oilfield chemicals in the near future. China is one of the countries
with the highest crude oil production costs in the world. The growing demand for crude oil
and petroleum and large investments in the energy sector for the economic developments
of nations lead the APAC as the fastest growing region.
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