Growth segments of drilling fluids along with stimulation chemicals will boost the development of the market to a great extent. Applications in the drilling, production, cementing markets are expected to fuel the expansion of the market in the forecast period. The demand for oil field chemicals has benefitted the cost related to the production of oil from novel sources which is considerably higher than the renewal of old sources. Specialized technologies available in the sector have increased the demand for the oil field chemicals market at a continual pace during the forecast period.
Increasing demand for oil and gas is expected to result in a rise in demand for the Oil Field Chemicals market. In recent times the oil and gas has been experiencing a significant downturn due to the continuous fall in the prices. These changes in the supply and demand dynamics is expected to induce a rise in the number of oil wells thus resulting in boosting the Oil Field Chemicals market. Increasing demand for oil and gas is also expected to fuel the demand in the Oil Field Chemicals market.
Top Key Players:-
- BASF SE
- Lubrizol Corporation
- AkzoNobel N.V.
- The Dow Chemical Company
- Schlumberger, Halliburton
- Kemira Oyj
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April 2018 SCF Partners have recently collected $800 million for a new fund, which is one of a small but rising number of private-equity firms looking for capitalizing on the nascent recovery in the oil field-services sector. The firm’s current portfolio comprises of Rockwater Energy Solutions Inc. which deals in oil field chemicals that had merged last year with publicly traded Select Energy Services Inc. The merger was part of an all-stock deal. The joint company’s water-related services have been using the Select name, but Rockwater’s chemicals business unit is using the Rockwater brand name.
TABLE OF CONTENTS
2.SCOPE OF THE STUDY
3.4MARKET SIZE ESTIMATION
4.1DRIVERS & OPPURTUNITIES
4.2CHALLENGES & RESTRAINTS
4.3VALUE CHAIN ANALYSIS
4.4PORTER’S FIVE FORCES ANALYSIS
4.5OIL FIELD CHEMICALS MARKET, BY Fluid Type
To be continued………
Global Competitive Analysis
The prospects for growth in the market appear to be promising through the forecast period. The companies in this market are adjusting to the state of events by employing portfolio upgrades and maintaining financial fluidity. The market competitors are formulating their blueprints for corporate strategy in a way can bring about the best consequences for growth in the current scenario, while also concurrently enhancing their product’s value. The constant delivery of customer value has enhanced the market value of the industry.
- Oil Field Chemicals manufacturing companies
- Oil Field Chemicals service providers
- Oil & Gas industry Consultants and Investment bankers
- Government as well as Independent Regulatory Authorities
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