In terms of geography North America is estimated to be the leading consumer owing to the high growth in the number of oilfield exploration and deep drilling activities. Additionally, the shale gas revolution has instilled renewed vigor in oil extraction and lead to increase in the demand for specialty oilfield chemicals market. Latin America, Eastern Europe, The Middle East, and Asia Pacific are amongst other rapidly growing markets. These markets are characterized by increasing oil exploration and drilling activities owing to rapid industrial growth in the regions. Most of the investment activities are concentrated on expansion into emerging markets such as Asia Pacific, Latin America and Eastern Europe. The market players are looking to enhance their footprints in the high growth regions mentioned above and take advantage of lower land and labor costs and lenient regulatory norms. Western Europe is expected to face slower growth amidst economic crises in the euro zone countries.
Global Specialty Oilfield Chemicals Market: Key Players
The specialty oilfield chemicals market is fragmented with major global players investing heavily in global mergers and acquisitions to consolidate the market. Some of the key market players include Ashland Inc., BASF SE, The Dow Chemical Company, Clariant AG, E. I. Du Pont De Nemours & Company, Solvay SA, The Lubrizol Corporation, Akzonobel NV, Baker Hughes Inc. and Kemira OYJ among others.
The study is a source of reliable data on:
� � � � � � � �
Market segments and sub-segments Market trends and dynamics Supply and demand Market size Current trends / opportunities / challenges Competitive landscape Technological breakthroughs Value chain and stakeholder analysis
The regional analysis covers:
� North America( U. S. and Canada) � Latin America( Mexico, Brazil, Peru, Chile, and others)