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oilfield biocides market is estimated to be valued at USD 5,85,143.0 thousand by 2023 and is expected to register a CAGR of 7.33% during the forecast period.
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Oilfield Biocides Market Competitive Developmental and Business Overviews to 2023 Industry Survey, Growth, Competitive Landscapeand Forecasts to 2023 PREPARED BY Market Research Future (Part of Wantstats Research & Media Pvt. Ltd.)
Oilfield Biocides Market Shares, Strategies and Forecast Worldwide, 2019 To 2023 • Oilfield Biocides Market Shares, Strategies and Forecast Worldwide, 2019 To 2023 oilfield biocides market is estimated to be valued at USD 5,85,143.0 thousand by 2023 and is expected to register a CAGR of 7.33% during the forecast period. The growth of the global oilfield biocides market is mainly driven by the growth of the oil and gas industry due to increasing energy demand mainly in India and China on account of rapid industrialization. The increasing investment in exploration and production of unconventional resources due to rising concern regarding depleting conventional resources is likely to increase the adoption of hydraulic fracturing technology in the oil and gas industry. www.marketresearchfuture.com
Oilfield Biocides Market Shares, Strategies and Forecast Worldwide, 2019 To 2023 • Intended Audience: • Oilfield Biocides Manufacturers • Retailers, Distributors, and Wholesalers • Governments, Associations, and Industrial Bodies • Investors and Trade Experts Enquiry of the Report: https://www.marketresearchfuture.com/enquiry/7760 www.marketresearchfuture.com
Oilfield Biocides Market Shares, Strategies and Forecast Worldwide, 2019 To 2023 Key Findings: • Based on type, the glutaraldehyde segment is expected to lead the market and register a substantial CAGR to reach USD 1,46,648.4 thousand by the end of 2023. Glutaraldehyde is the most widely used oilfield biocide in the oil and gas industry in upstream, midstream, and downstream applications owing to its excellent stability, ability to penetrate through biofilms, and eliminate the microorganisms present in the lines. However, the 2,2-Dibromo-3-Nitrilopropionamide (DBNPA) is projected to exhibit the highest CAGR of 7.34% from 2018 to 2023. DBPNA is a non-oxidizing type of biocide which acts rapidly against the microorganisms and kills the microorganisms at a rapid rate in low ppm concentrates. • Based on application, the upstream segment is expected to lead the market and register a substantial CAGR to reach USD 3,13,579.5 thousand by the end of 2023. The upstream application segment includes applications such as drilling protection, crude oil treatment, hydraulic fracturing operations, and produced water. Drilling protection accounted for the largest market share in the upstream applications both in terms of tonnage and value. Drilling fluids or muds are key to a smooth and effective drilling operation. However, the downstream segment is projected to exhibit the highest CAGR of 7.89% from 2018 to 2023. Browse Complete Report @ https://www.marketresearchfuture.com/reports/oilfield-biocides-market-7760 www.marketresearchfuture.com
Oilfield Biocides Market Shares, Strategies and Forecast Worldwide, 2019 To 2023 Application & Major Players in this Research: • The major participants of this market are: : • DowDuPont • BASF SE • Kemira Oyj • Lonza • Solvay • Schülke & Mayr GmbH Request a Free Sample Report @https://www.marketresearchfuture.com/sample_request/7760 www.marketresearchfuture.com
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