QYR Market Research Global Oilfield Chemicals market research | Page 5

QYR
• The global oil field chemical industry is dominated by large
corporations, and these corporations are becoming larger through
acquisitions, allowing themselves to offer a wider range of oil field
services such as exploration, drilling, design, and engineering. In the
past few years, there have been five major acquisitions and mergers
in this industry. Lower oil prices have a side effect to this industry.
Big companies maintain good performance through acquisitions and
mergers. In 2017, Dow, DuPont complete planned merger to form Dow
DuPont. Baker Hughes, a GE company announced that the transaction
combining GE’s oil and gas business with Baker Hughes is complete.