Selbyville, DE -- (SBWire) -- 10/05/2018 --This report presents a comprehensive overview, market shares, and growth opportunities of Oilfield Chemicals Market by product type, application, key manufacturers and key regions. Over the next five years, projects that Oilfield Chemicals will register a 4.1% CAGR in terms of revenue, reach US$ 3550 million by 2023, from US$ 2790 million in 2017.
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Oilfield chemicals refers to a series of chemicals used in the process of petroleum and gas drilling, mining and transportation, water treatment and enhanced oil recovery. The applications of oilfield chemicals in oilfield include drilling fluids, cementing, completion, stimulation, production and EOR (Enhanced Oil Recovery Chemicals), delivery, etc.
North America is the world's largest oilfield chemicals consumption area. In Europe and North America, the main application of polyacrylamide is the water treatment industry. However, polyacrylamide in oilfield is less in foreign, because of the special geological conditions in China, Daqing Oilfield and Shengli Oilfield are still using extensive of polymer in flooding technology. China is one of the countries with the highest crude oil production costs in the world. Despite this, China has had to continue mining domestic crude oil due to the huge market demand. At present, the production capacity of polyacrylamide in China has exceeded 1.2 million tons. Most of the polyacrylamide is used in the oil field industry.
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. In 2014, Lubrizol Corporation announced that it has completed the acquisition in the United States and Canada of Weatherford International's global oilfield chemicals business. In 2012, Ecolab announced its intention to acquire Permian MudService, Inc., the parent company of Champion Technologies, and integrate the business with its Energy Services division.The sale closed on April 10, 2013, at which time the businesses merged and announced its new Nalco Champion brand. In 2013, Solvay acquired Chemlogics.
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The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: SNF, CNPC, BASF, Nalco Champion, Baker Hughes, Schlumberger, Halliburton, Kemira, Clariant, Lubrizol, Dow, Chevron Phillips, Innospec.
Segmentation by product type:
Alkyl Phenols and Ethoxylated Aps
Glutaraldehyde-base Biocides
Polyacrylamide
Pour Point Depressants
Segmentation by application:
Oil and Gas
Shale Gas
Research objectives:
To study and analyze the global Oilfield Chemicals consumption (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Oilfield Chemicals market by identifying its various subsegments.
Focuses on the key global Oilfield Chemicals manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Oilfield Chemicals with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Oilfield Chemicals submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
More Details on this Report At: https://www.marketstudyreport.com/reports/2018-2023-global-oilfield-chemicals-consumption-market-report
Related Report:
Global Specialty Oilfield Chemicals Market 2018 by Manufacturers, Regions, Type and Application, Forecast to 2023
This report focuses on the Specialty Oilfield Chemicals in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
https://www.marketstudyreport.com/reports/global-specialty-oilfield-chemicals-market-2018-by-manufacturers-regions-type-and-application-forecast-to-2023/?utm_source=RR-PSR
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Worldwide Oilfield Chemicals Market Trend to 2023 Profiling SNF, CNPC, BASF, Nalco Champion, Baker Hughes, Schlumberger, Halliburton, Kemira, Clariant, Lubrizol, Dow
The report presenting a comprehensive exploration of the global Oilfield Chemicals encloses the rate of growth of the market over the projected duration. Providing a concise synopsis, the report determines the valuation and size of the Oilfield Chemicals in the near future. It also includes the major contributing factors to the growth of the global Oilfield Chemicals as well as the dominating players in the market coupled with their market share.