Oilfield Chemicals Market Poised to Garner Maximum Revenues by 2023Posted by sanjayhande on November 26th, 2019 Allied Market Research published a report, titled "Oilfield Chemicals Market by Type (Biocides, Corrosion & Scale Inhibitors, Demulsifiers, Surfactants, Polymers, Gellants & Viscosifiers, and Others) and Application (Drilling Fluids, Cementing, Enhanced Oil Recovery, Production Chemicals, Well Stimulation, and Workover & Completion): Global Opportunity Analysis and Industry Forecast, 2017-2023." The report cites a detailed analysis of market size & forecast, market dynamics, drivers & opportunities, research methodology and key market segment. As per the report, the global oilfield chemicals market generated .27 billion in 2017 and is anticipated to reach .92 billion by 2023, rolling a CAGR of 5.2% from 2017 to 2023. Click Here To Access The Sample Report @ https://www.alliedmarketresearch.com/request-sample/724 The high demand for top-end drilling fluids has escalated the growth of the market in more than one way, while the rise in oil exploration and several production activities has also been a dominating factor. At the same time, the rapid expansion of shale oil production is expected to cox the growth to a great height. Nevertheless, price fluctuations in crude oil and the awareness of environmental concerns might work as a barrier against the growth of the market. On the other hand, the advent of various eco-friendly oil-field chemicals creates new opportunities in the market. North America to contribute the highest share by 2023 Corrosion and Score inhibitors contributes three-tenth of the total market share in 2017 Corrosion and Score inhibitors contributed to three-tenth of the total market share in 2017 and is expected to maintain the same ratio by 2023. Application of corrosion inhibitors as anti-corrosion has now become quite common in drilling activities. On the other hand, the Demulsifiers segment is expected to grow at the highest CAGR of 6.1% during 2017-2023. Using demulsifiers as emulsion breaker has become a common practice during production processes in oilfield. Drilling Fluid contributed to more than one third of the total market share Spearheads in the market
Obtain Report Details: https://www.alliedmarketresearch.com/oil-field-chemicals-market About Us: We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry. Like it? Share it!More by this author |