Global oilfield chemicals market is expected to register a substantial CAGR of 6.39% in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017. This rise in market value can be attributed to the reduction in operations of oilfield drilling and oil extractions with the usage of these chemicals.
Oilfield chemicals are certain chemical compounds that are used in improving the effectiveness and efficiency of operations associated in an oilfield site. The operations under which these chemicals find their application are drilling, production, completion and several other operations. These chemicals are used in the purification of equipment, machines, oil itself and the oil sites.
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Competitive Analysis: Global Oilfield Chemicals Market
Global oilfield chemicals market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of oilfield chemicals market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Key Market Competitors: Global Oilfield Chemicals Market
Few of the major competitors currently working in the global oilfield chemicals market are Akzo Nobel N.V.; Albemarle Corporation; Zirax Limited; BASF SE; Kemira; Solvay; Ashland; Baker Hughes, a GE company LLC; CES Energy Solutions Corp.; Clariant; Chevron Phillips Chemical Company; Flotek Industries, Inc.; Halliburton; Huntsman International LLC; Innospec Oilfield Services; Ecolab; Schlumberger Limited; Scomi Group Bhd; Dow; Stepan Company; Diamoco Group; EMEC; Gumpro Drilling Fluids Pvt. Ltd.; Chemiphase Ltd; Jiaxing Midas Oilfield Chemical Mfg Co., Ltd; Imperial Oilfield Chemicals Private Limited and AES Drilling Fluids.
Market Segmentation: Global Oilfield Chemicals Market
Key Insights in the report:
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