Future Market Insights has announced the addition of the “Oilfield Chemical Market: Global Industry Analysis and Opportunity Assessment 2016 - 2026" report to their offering.

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Global Oilfield
Chemical Market
Share, Global Trends,
Analysis, Research, Report,
Opportunities,
Segmentation and Forecast,
2016-2026
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3. The increasing population have augmented the energy requirements of the country. In
order to cope with energy demands more Oil and Gas E&P initiatives are being taken to
cover the household and industrial energy requirement. With the products of oil
industries & Gas manufacturing process fuelling various different industries from
chemical to cosmetic hence it is necessary to use ensure that only quality product with
minimum wastage is available . In order to ensure easy extraction, production a rich and
refined product we use oilfield chemicals. With the use of Oilfields chemicals ensure an
increase in efficiency oilfield activities such as drilling, completion, production, cementing
and enhanced oil recovery (EOR). The Specialty oilfield chemicals impart unique
attributes and functionality to the crude product to enhance their recovery of
hydrocarbons from the well. Various categories of specialty oilfield chemicals include
corrosion inhibitors, emulsion breakers (demulsifiers), surfactants and advanced
polymers. Emulsion breakers are used to separate oil and water from crude oil water
emulsions and corrosion inhibitors are those chemicals that inhibit corrosion of mild steel
equipments in any aqueous medium. Hence, such agent help in increasing the export
value of the crude oil thus are essential for use of the Oil and Gas industry.
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4. Oilfield Chemical Market: Drivers & Restraints
To meet the ever increasing demands of energy more Onshore and offshore exploration
initiatives are being taken therefore driving the market for oilfield chemicals The increase
drilling activity and use of technologies such as hydraulic fracturing and enhanced oil
recovery (EOR) boost the demand of oilfield chemicals on global basis to ensure efficient
oil and gas recovery. The development in the Oil and Gas industry will directly affect the
oilfield chemical market. In order to get premium crude oil with high hydrocarbon
content the usage of EOR chemicals is also increasing. These efforts will boost demand
for EOR chemicals and of stimulation fluids. Crude oil price volatility could prove as a
restrain to the market of Oilfield chemicals over the forecast period. With developing
fields of unconventional energy sources the over dependence on hydrocarbons is
decreasing and hence the research for environment friendly and biodegradable oilfield
chemicals provide promising opportunities in the market for industry participants.
Oilfield Chemical Market: Segmentation
The Oilfield chemicals can be segmented on the basis of its function as:
• Drilling Fluids
• Water-Based Muds
• Oil-Based Muds
• Synthetic-Based Muds
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5. • Work over and Completion Fluids
• Cementing Chemicals
• Stimulation Chemicals
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Oilfield Chemical are segmented on the basis of Enhanced Oil Recovery Chemicals as:
• Alkali Surfactant Polymer Flooding
• Low-Salinity Water Injection
• Water Shut-Off Chemicals
• Carbon Dioxide Flooding
• Microbial IOR
Oilfield Chemical Market: Regional Outlook
The Middle East being one of the largest markets for crude oil applications such as oil-
based power plants, petro refineries, and sludge oil treatment and with the discoveries of
more fields in different regions will be one of the strongest and largest market for oilfield
chemical and will project greatest growth potential over the forecast years. The growth
potential for the regions of Russia will prove to be strong and positive reinforcement for
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6. the oilfield market. The shale gas production in U.S. is expected to
provide a boost to the Oilfield chemical market.Growth in Latin America, particularly in
Brazil and Venezuela, has been significant but could be influenced by the political
instability. In Asia Pacific, the emerging economies of China and India are said to one of
the most promising market for oilfield chemicals with increase in oil extraction activities.
Oilfield Chemical Market: Key players
Some of the key players in the Oilfield chemical market are Schlumberger, Stephan
Company BASF SE, Dow Chemicals Co., The Lubrizol Corporation, Azko Nobel N.V.
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