-

Global Oilfield Chemicals Market Report 2021: Demand Poised to Rise for Environment Friendly Oilfield Chemicals - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Oilfield Chemicals - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Global Oilfield Chemicals Market to Reach $43.9 Billion by 2027

Amid the COVID-19 crisis, the global market for Oilfield Chemicals estimated at US$27.9 Billion in the year 2020, is projected to reach a revised size of US$43.9 Billion by 2027, growing at a CAGR of 6.7% over the analysis period 2020-2027.

Drilling Fluids, one of the segments analyzed in the report, is projected to record a 7.6% CAGR and reach US$17.5 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Stimulation Chemicals segment is readjusted to a revised 7.7% CAGR for the next 7-year period.

The U.S. Market is Estimated at $7.5 Billion, While China is Forecast to Grow at 10.3% CAGR

The Oilfield Chemicals market in the U.S. is estimated at US$7.5 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$9.7 Billion by the year 2027 trailing a CAGR of 10.3% over the analysis period 2020 to 2027.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.6% and 6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.3% CAGR.

Production Chemicals Segment to Record 4.3% CAGR

In the global Production Chemicals segment, USA, Canada, Japan, China and Europe will drive the 3.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$2.7 Billion in the year 2020 will reach a projected size of US$3.5 Billion by the close of the analysis period.

China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$6 Billion by the year 2027, while Latin America will expand at a 5.3% CAGR through the analysis period.

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights
  • World Market Trajectories
  • Impact of COVID-19 and Looming Global Recession
  • COVID Impact on Oil & Gas Industry
  • An Introduction to Oilfield Chemicals
  • Global Market Prospects & Outlook

2. FOCUS ON SELECT PLAYERS (Total 147 Featured)

  • Akzo Nobel NV
  • Albemarle Corp.
  • Baker Hughes
  • Elementis Plc
  • Halliburton Company
  • NALCO Champion
  • Newpark Resources, Inc.
  • Schlumberger Limited
  • Schlumberger Limited (M-I SWACO)
  • Solvay SA
  • The Lubrizol Corporation

3. MARKET TRENDS & DRIVERS

  • Need to Improve Productivity & Efficiency of Oil Fields Fuels Demand for Oilfield Chemicals
  • E&P Activities Determine Demand Dynamics in the Global Oilfield Chemicals Market
  • Shale Gas E&P Activities Translate into Opportunities for Oilfield Chemicals Market
  • Market Benefits from the Increase in Deepwater & Ultra-Deepwater Drilling Projects
  • Energy Demand Dynamics and Need to Bring Petroleum Crude Oil Wells to Production Drives Demand for Oilfield Chemicals
  • Demand for Petroleum-based Fuel from Transportation Industry Augurs Well for the Market
  • Shift towards Unconventional Drilling and Increasing Complexity of Drilling Activities Bodes Well for the Market
  • Demand Poised to Rise for Environment Friendly Oilfield Chemicals
  • Natural Polymeric Materials Hold Potential in Oilfield Operations
  • Specialty Oilfield Chemicals Market: Poised for Growth
  • EOR Chemicals Poised for Healthy Growth
  • Nanotechnology's Growing Role in Oilfield Chemicals
  • Tremendous Benefits of Custom Oilfield Chemical Manufacturing Augurs Well for the Market
  • Specialty Oilfield Chemicals Gain Traction
  • Innovations & Advancements to Boost Market Prospects
  • Challenges Facing Market Growth

4. GLOBAL MARKET PERSPECTIVE

IV. COMPETITION

  • Total Companies Profiled: 147

For more information about this report visit https://www.researchandmarkets.com/r/mipyno

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com

For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

Research and Markets


Release Versions

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com

For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

More News From Research and Markets

Taiwan Gift and Incentive Card Market Future Growth Dynamics Databook 2025: A $4.25 Billion Market by 2029, Registering a Compound Annual Growth Rate of 7.9% During 2025-2029 - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Taiwan Gift Card and Incentive Card Market Intelligence and Future Growth Dynamics (Databook) - Q1 2025 Update" report has been added to ResearchAndMarkets.com's offering. The gift card market in Taiwan is expected to grow by 8.9% on annual basis to reach US$3.14 billion in 2025. Taiwan's gift card market experienced robust growth during 2020-2024, achieving a CAGR of 9.3%. This upward trajectory is expected to continue, with the market forecast to grow at a CAGR o...

Hyperscale Data Centers Industry Report 2025, with 20+ Company Profiles including Broadcom, Cavium, Cisco Systems, Dell, Ericsoon, HPE, IBM, Intel, Lenovo, NVIDIA, Quanta Computer & more - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Hyperscale Data Centers - Global Strategic Business Report" has been added to ResearchAndMarkets.com's offering. The global market for Hyperscale Data Centers was valued at USD 209.2 Billion in 2024 and is projected to reach USD 724.9 Billion by 2030, growing at a CAGR of 23% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. What Factors Are Driving the...

Siemens Healthineers' AI, Imaging & Digital Health Tech Initiatives - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Enterprise Tech Ecosystem Series: Siemens Healthineers AG" company profile has been added to ResearchAndMarkets.com's offering. The report provides deep insights into the company’s digital transformation, innovation programs, and technology initiatives. As a global leader in medical technology, Siemens Healthineers leverages AI, digital health, and advanced imaging to enhance diagnostics, workflow automation, and minimally invasive procedures. The report details ke...
Back to Newsroom