Oilfield Chemicals refers to the chemical components that are used in the extraction operations of oil & gas. Such chemicals are used in various applications that include completing, drilling, and producing oil and gas wells to improve productivity from these fields. The oilfield chemicals include common organic chemicals, transition metal compounds, oil-soluble, and water-soluble polymers and surfactants. Environmental considerations are increasingly important in choosing the chemicals that are used in the well treatment fluids, specifically in the offshore locations.

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The factors which are responsible for the growth of the Global Oilfield Chemicals market include the increasing production of oil and natural gas as a result of increasing demand majorly in the developing countries. In addition to this, an increase in the research activities for new oil and natural gas reserves along with increasing production of crude oil and inclination towards alternative operations of drilling are some other key factors boosting the demand for oilfield chemicals in the market during the forecast period. Moreover, a rise in drilling, completion, and production activities and growth in the enhanced oil recovery activities will have a positive impact on the growing demand of the market. The increase in the demand for crude oil products and rising inclination of manufacturers for the development of superior performance oilfield chemicals will surge the demand for such chemicals in the market over the forecast period. The factors hampering the growth of the global oilfield chemicals market include the decline in the prices of oil.

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Based on the product, the biocides are expected to grow at a higher CAGR during the forecast period owing to the rising adoption of this product across the offshore operations. Biocides protect the equipment in the offshore oil and gas applications and also enhances the operational efficiency by controlling the corrosion persuaded by microbial.

Based on the application, the workover & completion segment is anticipated to grow at a higher CAGR over the forecast period owing to the increasing utilization of oilfield chemicals. The ability to maximize the recovery of oil & gas and the productivity of the reservoir at an effective price, is boosting the market growth of this segment.

Based on the location, the onshore segment is expected to grow at a higher CAGR during the forecast period owing to the high utilization of oilfield chemicals in this location due to the occurrence of traditional forms of operations in this location that confirms the continuous demand for the products at this location.

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Based on the region, North America is anticipated to grow at a higher CAGR during the forecast period due to the high adoption of oilfield chemicals in the workover & completion applications and production sector. In addition, the expansion of shale oil and gas industries in the US, along with improved oil recovery activities, are some other factors fuelling the market growth of the oilfield chemicals market in this region.

Various notable players operating in the global oilfield chemicals market include DowDuPont Inc., Baker Hughes, BASF SE, Clariant AG, Albemarle Corporation, Halliburton, Schlumberger Limited, Lubrizol Corporation, Flotek Industries Inc. and Akzo Nobel NV among others.

Key Market Developments:

• • In 2019, Baker Hughes expanded its presence by opening a chemical manufacturing facility in Saudi Arabia to enhance production, reduce costs, and also to increase the value of their assets across the value chain of chemicals.
  • In 2019, Halliburton announced the setup of the first oilfield chemical manufacturing reaction plant in Saudi Arabia. Through this plant, the company aimed to expand or accelerate its fast-growing specialty chemical business.

The global oilfield chemicals market is segmented by product, application, location, and key regions. Based on the product, the market is segmented into Demulsifiers, Surfactants, Inhibitors, Foamers, Friction reducers, Rheology Modifiers, Biocides, and Others. Based on the application, the market is segmented into Production, Drilling, Cementing, and Workover & Completion. On the basis of location, the market is segmented into Offshore and Onshore.

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Key questions answered in this research report:

• • At what pace is the global oilfield chemicals market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in the global oilfield chemicals market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global oilfield chemicals market?
  • What are the various application areas of oilfield chemicals, and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Product, By Application, By Location, and By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	DowDuPont Inc., Baker Hughes, BASF SE, Clariant AG, Albemarle Corporation, Halliburton, Schlumberger Limited, among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation:

Global Oilfield Chemicals Market by Product

• • Demulsifiers
  • Surfactants
  • Inhibitors
  • Foamers
  • Friction reducers
  • Rheology Modifiers
  • Biocides
  • Others

Global Oilfield Chemicals Market by Application

• • Production
  • Drilling
  • Cementing
  • Workover & Completion

Global Oilfield Chemicals Market by Location

• • Offshore
  • Onshore

Global Oilfield Chemicals Market by Region

• • North America Oilfield Chemicals Market
    (Option 1: As a part of the free 25% customization)
    • North America Oilfield Chemicals Market by Product
    • North America Oilfield Chemicals Market by Application
    • North America Oilfield Chemicals Market by Location
    • United States of America (US) All-Up Oilfield Chemicals Market
    • Canada All-Up Oilfield Chemicals Market
  • Europe Oilfield Chemicals Market
    (Option 2: As a part of the free 25% Customization)
    • Europe Oilfield Chemicals Market by Product
    • Europe Oilfield Chemicals Market by Application
    • Europe Oilfield Chemicals Market by Location
    • United Kingdom (UK) All-Up Oilfield Chemicals Market
    • Germany All-Up Oilfield Chemicals Market
    • France All-Up Oilfield Chemicals Market
    • Spain All-Up Oilfield Chemicals Market
    • Rest of Europe All-Up Oilfield Chemicals Market
  • Asia-Pacific Oilfield Chemicals Market
    (Option 3: As a part of the free 25% Customization)
    • Asia-Pacific Oilfield Chemicals by Product
    • Asia-Pacific Oilfield Chemicals by Application
    • Asia-Pacific Oilfield Chemicals by Location
    • China All-Up Oilfield Chemicals Market
    • India All-Up Oilfield Chemicals Market
    • Japan All-Up Oilfield Chemicals Market
    • Rest of APAC All-Up Oilfield Chemicals Market
  • ROW Oilfield Chemicals Market
    (Option 4: As a part of the free 25% Customization)
    • ROW Oilfield Chemicals Market by Product
    • ROW Oilfield Chemicals Market by Application
    • ROW Oilfield Chemicals Market by Location
    • Brazil All-Up Oilfield Chemicals Market
    • South Africa All-Up Oilfield Chemicals Market
    • Saudi Arabia All-Up Oilfield Chemicals Market
    • UAE All-Up Oilfield Chemicals Market
    • Rest of world (remaining countries of the LAMEA region) All-Up Oilfield Chemicals Market

Leading market players (Option 5: As a part of the free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • DowDuPont Inc.
  • Baker Hughes
  • BASF SE
  • Clariant AG
  • Albemarle Corporation
  • Halliburton
  • Schlumberger Limited
  • Lubrizol Corporation
  • Flotek Industries Inc.
  • Akzo Nobel N.V.