Global Oilfield Stimulation Chemicals Market
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Product Code:
RP-ID-10059950 -
Published Date:
21 Oct 2022 -
Region:
Global
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Pages:
150 -
Category:
Chemicals -
Publisher:
Pub-ID-12
Impact Analysis on the Growth of Market
Inflation and Looming Recession to Haunt Businesses:
In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.
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The Research Report is Updated with 2022 Base Year, 2023 Estimated year and Forecast till 2035 with Market Insights.
With the dip in global production, the GDP has contracted in 2020 and impacted the market across the world. Upon placing a Sample Request, you will receive an updated report with 2022 as base year, 2023 as estimated year and forecast to 2035. This will have market drivers, recovery rate in the market, insights and competitive analysis.
Market Overview:
Translate Report
The global Oilfield Stimulation Chemicals market was valued at USD 2.04 billion in 2016 and is projected to reach USD 4.74 billion by 2025, growing at a CAGR of 9.8% from 2017 to 2025.
Oilfield stimulation is a process of improving the quality of oil wells to obtain high quality hydrocarbons and to improve the yield. The rise in oil exploration activities and drilling of deeper wells are the major reason for high utilization of these chemicals. The rise of alternate fuels is expected to result in a steady growth for the market demand.
Sample Infographics:
Market Dynamics:
1. Market Drivers
1.1 Rise in crude oil production
1.2 Rising number of deep oil exploration activities
2. Market Restraints
2.1 Low crude oil prices
2.2 Stringent environment regulations
Market Segmentation:
The global Oilfield Stimulation Chemicals market is segmented on the product, application and region.
1. By Product:
1.1 Friction Reducers
1.2 Gelling Agents
1.3 Corrosion and Scale Inhibitors
1.4 Surfactants
1.5 Others
2. By Application:
2.1 Acid Fracking
2.2 Hydraulic Fracturing
2.3 Matrix Acidization
2.4 Others
3. By Region:
3.1 North America (U.S., Canada, Mexico)
3.2 Europe (Germany, UK, France, Rest of Europe)
3.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
3.4 Latin America (Brazil, Argentina, Rest of Latin America)
3.5 Middle East & Africa
Competitive Landscape:
The major players in the market are as follows:
1. Baker Hughes
2. BASF SE
3. EI DuPont De Nemours
4. DOW Chemical Company
5. Halliburton
6. Flotek Industries Inc.
7. Schlumberger Ltd.
8. Clariant
9. Chevron Philips Chemical Company
10. Ashland
11. Albemarle Corporation
12. Solvay SA
13. Akzonobel NV
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH:
Research study on the Oilfield Stimulation Chemicals market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
To know more about the research methodology of verified market research and other aspects of the research study, kindly get in touch with our sales team.
Geography Analysis:
The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:
- North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys & Opportunity Outlook
- Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook
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