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Specialty Oilfield Chemical Market Set for Rapid Growth and Trend, by 2024
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©2019 Transparency Market Research, All Rights Reserved Global Specialty Oilfield Chemicals Market Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2024 ©2019 Transparency Market Research, All Rights Reserved
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©2019 Transparency Market Research, All Rights Reserved Global Specialty Oilfield Chemicals Market: Brief Description • The specialty oilfield chemicals market is a multi-million market, which includes a wide array of specialtychemicalsemployedfor a broadrange ofpurposes. • The major products offered within this market encompass industrial and institutional cleaning chemicals, specialty advanced polymers, pesticides, and construction chemicals among several others. • The main purpose of specialty oilfield chemicals is to improve the recovery of oil from the oil well. • These chemicals are utilized during various processes involved in oil recovery from the oilfield such as drilling,exploration,productionandmaintenance. View Report Download Brochure ©2019 Transparency Market Research, All Rights Reserved
©2019 Transparency Market Research, All Rights Reserved Global Specialty Oilfield Chemicals Market: Trends and Prospects • The global specialty oilfield chemicalsmarket isprimarily driven by the high demandfor energy production. • Oil isthe basic fuel source across the world for most industrial and many domestic activities. Additionally, the current shale gas revolution is expected to further boost demand for specialty oilfieldchemicalsglobally. • However, stringent regulations against chemicals potentially harmful for the environment and costly disposal procedures for chemicalsafter use are anticipatedtohindermarket growth. • Development ofnew environment friendly productsand solutions that comply with regulations laid down by global and regional regulatory authorities might present prospective opportunities for further demandgrowth.
©2019 Transparency Market Research, All Rights Reserved Global Specialty Oilfield Chemicals Market: Regional Overview • In terms of geography North America is estimated to be the leading consumer owing to the high growth in the number of oilfield exploration and deep drilling activities. • Additionally, the shale gas revolution has instilled renewed vigor in oil extraction and lead to increase in the demandfor specialty oilfield chemicals market. • Latin America, Eastern Europe, The Middle East, and Asia Pacific are amongst other rapidly growingmarkets. • These markets are characterized by increasing oil exploration and drilling activities owing torapid industrial growthin the regions. ©2019 Transparency Market Research, All Rights Reserved
©2019 Transparency Market Research, All Rights Reserved Global Specialty Oilfield Chemicals Market: Key Players • • • • • • • • • AshlandInc. BASFSE The Dow Chemical Company Clariant AG,E.I.DuPont De Nemours& Company SolvaySA The Lubrizol Corporation Akzonobel NV Baker Hughes Inc. Kemira OYJamongothers. ©2019 Transparency Market Research, All Rights Reserved
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