DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/h6x7lr/oilfield) has announced the addition of the "Oilfield Stimulation Chemicals Market by Types, Application & by Region - Global Trends & Forecasts to 2020" report to their offering.
The market size of oilfield stimulation chemicals is projected to reach $2.97 Billion by 2020, signifying a firm annualized growth rate of 10.1% between 2015 and 2020.
Oilfield stimulation is the process of improving the oil wells for the purpose of increasing oil production and enhancing the flow of hydrocarbons. Chemicals used in the process of well intervention are oilfield stimulation chemicals.
The production of crude oil is driving the consumption of oilfields stimulation chemicals market, globally. Rise in the drilling of deeper wells is also one of the key reasons for the growth of the market. Growing demand for well stimulation processes offers great push to the oilfield stimulation chemicals market. It offers a wide range of opportunities to chemical suppliers as well as formulated oilfield chemical suppliers. Regulations related to the protection of surface water and ground water during seismic testing is hindering the growth of the oilfield services market. The oilfield operations of existing wells have now become difficult due to the introduction of these new and stringent policies. The limited exploration activity is mainly due to the difficulty and the time length required for issuing licenses and the necessary authorization for stimulating.
Global oil field stimulation chemicals have been segmented on the basis of applications (hydraulic fracturing, matrix acidization, acid fracking, and others), types (gelling agents, surfactants, friction reducers, corrosion & scale inhibitors, acids, and others) and regions (North America, Commonwealth of Independent States, Asia-Pacific, Europe, and RoW).
The leading players of oilfield stimulation chemicals include BASF SE (Germany), Chevron Philips (U.S.), E.I. Du Pont De Nemours & Company (U.S), and Ashland Inc. (U.S.).
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Oilfield Stimulation Chemicals Market, By Type
8 Oilfield Stimulation Chemicals Market, By Application
9 Regional Analysis
10 Competitive Landscape
11 Company Profiles
- Akzonobel N.V.
- Albemarle Corp
- Ashland Inc.
- Baker Hughes Incorporated
- Basf SE
- Chevron Phillips Chemical Company
- Clariant AG
- Dow Chemical Company
- E.I Dupont
- Flotek Industries Inc
- Schlumberger Limited
- Solvay SA
For more information visit http://www.researchandmarkets.com/research/h6x7lr/oilfield