Zion Market Research, the market research group announced the analysis report titled 'Specialty Oilfield Chemicals Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024'
Sarasota, FL -- (SBWIRE) -- 03/27/2018 -- Specialty Oilfield Chemicals Market: Overview
Specialty oilfield chemicals consist of ample specialty chemicals engaged for a wide range of purposes. The most important products presented within these chemicals include institutional cleaning chemicals and industrial, specialty superior polymers, construction chemicals and pesticides, among several others. The most important reason of specialty oilfield chemicals is to progress the recovery of oil from the oil-well. These chemicals are used during a variety of processes occupied in oil recovery from the oilfield for instance: exploration, drilling, production and maintenance.
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Specialty Oilfield Chemicals Market: Growth Factors
The global specialty oilfield chemicals market is mainly driven by the high popularity for energy generation. Oil is the vital fuel source across the globe for most industrial and several household activities. Moreover, the existing shale gas revolution is anticipated to further increase popularity for specialty oilfield chemicals worldwide. On the other hand, stringent regulations aligned with chemicals which are potentially destructive for the surroundings and costly disposal methods for chemicals after use are projected to hamper market development. Expansion of new surroundings affable products and solutions that fulfill with regulations laid down by regional and global regulatory authorities may present potential opportunities for further demand development.
Specialty Oilfield Chemicals Market: Segmentation
The market is divided on the basis of type and geography. The global specialty chemicals market has been researched based on types, which consist of cosmetic chemicals, textile chemicals, food additives, paper & pulp chemicals, water treatment chemicals, oil field chemicals and construction chemicals. In the past years, the construction chemicals segment generated the highest market share in the global market. Growing urbanization in up-and-coming economies is fueling public transportation and housing projects which in turn has augmented the utilization specialty construction chemicals for instance: adhesives and sealants, concrete admixtures, protective coatings, and asphalt additives.
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Specialty Oilfield Chemicals Market: Regional Analysis
On the basis of geography, the global specialty chemicals market is divided into Europe, North America, Asia Pacific, and LAMEA. In the past, developed provinces such as Europe, North America, and Japan were the most important consumers of specialty chemicals.
The popularity for specialty chemicals in the region like Asia Pacific is mainly attributed by the fastest industrialization in Japan, India, China, Taiwan and South Korea. Fast industrialization in the Asia Pacific region is complemented by business liberalization, low labor cost, the spread of method technology, and high economic development. In the past years, Europe and North America together has accounted half of the market share in the global specialty oilfield chemicals market.
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Specialty Oilfield Chemicals Market: Competitive players
The key players of the global specialty oilfield chemicals market are BASF SE, Baker Hughes Inc., AkzoNobel NV, DOW Chemical Company, Albemarle Corporation, Chemcon Speciality Chemicals Pvt. Ltd., Catalyst Speciality Chemicals Limited, Dorf Ketal, Emery Oleochemicals GmbH, Lonza AG, Lubrizol Corporation, KMCO LLC, Kemira OYJ, Halliburton Company, Schlumberger Limited, Solvay S.A., Stepan Company, Nalco Champion, E.I. DuPont De Nemours & Company, Weatherford International Ltd., and Clariant AG.
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