The specialty oilfield chemicals market size is projected to reach USD 13.4 billion by 2025 from USD 10.9 billion in 2020, at a CAGR of 4.2%, during the forecast period. North America is the largest market, followed by Middle East & Africa. An increase in crude oil production after an expected decrease in COVID-19 impact in the near future is expected to drive the market during the forecast period. Stringent environmental regulations and geopolitical issues in the Middle East region are the factors restraining the market. The discovery of new oilfields and an increase in aging oil reservoirsare expected to provide high growth opportunities to manufacturers.
Download PDF at https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=517
BASF SE (Germany),
Clariant (Switzerland), The Dow Chemical Company (US), Solvay (Belgium),
Ecolab (US), Halliburton (US),
Schlumberger Limited (US), Nouryon (Netherlands), Baker Hughes Incorporated
(US), Kemira (Finland) are the major players in this market.
BASF SE (Germany) is the
largest player in the market. It is the world’s leading chemical company having
the largest chemical site in Ludwigshafen, Germany. The company is maintaining
its position in the market by developing innovative solutions according to
customer requirements. In 2019, the
company completed the merger of its paper wet-end and
water chemical business with Solenis (US).
This merger has helped the company to expand its product portfolio and
offer cost-effective solutions for customers in the oil & gas industry.
Request Sample of Report at https://www.marketsandmarkets.com/requestsampleNew.asp?id=517
Ecolab Inc., through Nalco, sells a wide
range of specialty oilfield chemicals. The company has a strong geographical
presence and operates in more than 170 countries across North America,
Asia-Pacific, Europe, Latin America, and the Middle East & Africa. The
company has strengthened its specialty oilfield chemicals businessthrough acquisitions. For instance, Ecolab Inc. acquired
Champion Technologies (US) and Corsicana Technologies (US) for, approximately,
USD 2.3 billion. Following the acquisition, Ecolab has formed a new business
unit called Nalco Champion. The acquisition strengthened the company’s
specialty oilfield chemicals business by opening up new oil &gas markets.
Hey, Thanks for this wonderful blog. You looks very informative on this topic. I've been looking for a long time to find detailed information regarding Oilfield Speciality & Maintenance Chemicals. All of the information you've provided is quite useful. Keep sharing.
ReplyDelete