DUBLIN--(BUSINESS WIRE)--The "Specialty Oilfield Chemicals Market by Type (Demulsifiers, Inhibitors & Scavengers, Friction Reducers, Rheology Modifiers), Application (Production, Drilling Fluids, Well Stimulation, EOR), and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The specialty oilfield chemicals market is projected to grow from USD 11.36 billion in 2018 to USD 13.88 billion by 2023, at a CAGR of 4.1% from 2018 to 2023
Specialty oilfield chemicals are used in oilfield operations in various applications such as production, well stimulation, drilling fluids, workover & completion, Enhanced Oil Recovery (EOR), and cementing. These chemicals are used to increase the overall productivity of oilfields.
The demand for specialty oilfield chemicals is influenced by various factors such as the increasing production of crude oil, the location of oil reservoirs and the depth of drilling, availability of oil reservoirs, government policies that regulate oil exploration and production, and trade-offs among various chemical compounds. However, the declining prices of crude oil and ongoing geopolitical issues in some regions restrain the growth of the specialty oilfield chemicals market.
The demulsifiers type segment is expected to lead the specialty oilfield chemicals market in 2018, in terms of value. Specialty oilfield chemicals are composed of synthetic and natural polymers. The chemistry of each type of chemical is different and changes according to the type of wellbore. For the optimum performance and efficiency of a particular oilfield, it is necessary to maximize the recovery of oil & gas from the oilfield in a cost-effective manner while balancing the adverse impact of this recovery on the environment.
Demulsifiers are the most necessary chemicals used in oilfields since they perform the basic function of separating oil from water. Emulsions are unique and hence, separating them from a mixture is a very complex task. Even emulsions from a single source vary over the time. Therefore, demulsifiers are normally formulated on a case-to-case basis in the oilfield itself
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Specialty Oilfield Chemicals Market, By Type
7 Specialty Oilfield Chemicals Market, By Application
8 Specialty Oilfield Chemicals Market, By Region
9 Competitive Landscape
10 Company Profiles
- Baker Hughes
- Chevron Philips Chemical Company
- Geo Specialty Chemicals
- National Oilwell Varco
- Purechem Energy Services
- Stepan Company
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