The global market for oilfield process chemicals should reach $29.6 billion by 2021 from $26.9 billion in 2016 at a compound annual growth rate (CAGR) of 2%, from 2016 to 2021.
This report provides:
An overview of the global market for oilfield process chemicals
Analyses of global market trends, with data from 2015, estimates for 2016, and projections of compound annual growth rates (CAGRs) from 2015 through 2021
Information on how these chemicals impact the challenges associated with drilling deeper, help the industry cope with hotter and higher pressure environments, and affect the drive to recycle and reuse materials
Analyses of which chemical segments are growing, segments of the market that are contracting, technology challenges the industry is facing, and possible solutions and remedies for those challenges
Identification of the segments that should experience high growth during the time frame covered
A look at the challenges that multifunctional and specialty chemicals need to overcome in the near future
Profiles of leading companies in the industry
The scope of this study includes only the chemicals used in the upstream part of the oilfield processes. In many cases, what material is in scope and what is out of scope is clear-cut, and materials that are classified as minerals have been excluded. Where it is not so clear (as in the case of insoluble salts or the usage of material produced on-site) judgment has been made by the analysts based on discussions with industry experts. Chemicals in scope have been categorized in three different ways: by process application, by type, and by chemical function. Both past and current market performance of oilfield process chemicals is assessed. Projected sales for the industry as a whole are forecast by application, type and function and the market is assessed on a worldwide scale. Impacts on the oil and gas industry are explained and the potential effects of political issues, environmental legislation and energy policies are also considered.