Oilfield Stimulation Chemicals Market
Global Oilfield Stimulation Chemicals Market : Segmentation
The global oilfield stimulation market is segmented into its type , application , and geography . On the basis of type , the global market is divided into friction reducers , gelling agents , corrosion and scale inhibitors , surfactants , acids and others . Based on application , the global oilfield stimulation chemicals market is segregated into matrix oxidization , hydraulic fracturing , acid fracking , and others . Diversification of the global market on the basis of the region is seen in North America , Asia-Pacific , Europe , Latin America and the Middle East and Africa .
Global Oilfield Stimulation Chemicals Market : Growth Factors
The global oilfield stimulation chemicals market is growing at a significant pace . This growth can be attributed to reasons such as opportunity towards the progressions in the area of iron control agents , focus on providing cost effective and better results at lesser quantity and launching of new products in the global market . However , there are certain restraining factors in the global oilfield stimulation chemicals market . They include increase the cost of oil production level , limited possibility to operate at depth , increasing concerns regarding environmental impact and personnel safety and low crude oil price , which reduce the margin for oil producers .
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