Specialty oilfield chemicals are used to improve the efficiency of oil recovery from oil wells and reduce the environmental impact of the recovery process. They are mainly applicable in the oil & gas industry during drilling, cementing, production, stimulation, and enhanced oil recovery (EOR). Furthermore, these chemicals are used to prevent wax formation in oil, oil-water emulsion, and scaling and corrosion of pipe walls. In addition, these chemicals find application as drilling fluids, fluid loss control additives, gas blocking additives, deoiler, and cement retarders, among others. Apart from this, specialty oil chemicals are used as flocculants and coagulants in process water, waste oil, and oil sludge treatment.
Tactical implementations of strategies by various companies not only ensure their respective growth but assist the market move forward. Policies such as merger, acquisition, collaboration, and other methods play crucial roles in taking the market forward by making it more competitive. For instance, the Carlyle group is planning to acquire Akzo Nobel’s chemical wing which is of great importance for the market. It will change the present market dynamics and help Carlyle Group set a better portfolio for themselves.
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NuGenTec’s NuFlo Flow Enhancer follows the eco-friendly regulations and is a special formulation that helps in breaking down of crude oils. It is equally effective in both light, and heavy crude oils and its performance has been tested across a wide range of temperature and pressure.
BASF SE (Germany), Solvay (Belgium), Akzo Nobel NV (Netherlands), Huntsman International LLC (US), Thermax Global (India), Sadara (Saudi Arabia), DowDuPont (US), Shrieve (US), SMC Oilfield Chemicals (US), Roemex Limited (UK), KMCO LLC (US), Global Drilling Fluids & Chemicals Limited (India), and others
Geographically, the specialty oilfield chemicals market spans across Asia Pacific (APAC), North America, Europe, Latin America (LATAM), and the Middle East & Africa (MEA).
North America has the largest market share and is currently, leading the pack. The region is investing heavily in the oil & gas industry owing to which specialty oilfield chemicals market is gaining much precedence. Shale gas exploration is also getting a fresh lease of life which is also triggering the market growth.
The MEA market is assuming the second position with Saudi Arabia, Kuwait, and Iran producing a substantial amount of oil and using specialty oilfield chemicals in the process. The APAC region is also showing significant progress. However, Europe and the LATAM can only expect moderate growth.
Specialty Oilfield Chemicals Market report spread across 100 pages, profiling 12 companies and supported with tables and figures available@ https://www.marketresearchfuture.com/reports/specialty-oilfield-chemicals-market-6307
The global Specialty Oilfield Chemicals Market can be segmented by application and type.
Based on application, the global specialty oilfield chemicals market can be segmented into drilling, cementing, production, enhanced oil recovery (EOR), and stimulation.
Based on type, the global specialty oilfield chemicals market can be segmented into demulsifier, deoiler, biocide, fluid loss additive, corrosion inhibitor, scale inhibitor, clay stabilizer, pour point depressant, and others.
- Specialty oilfield chemicals manufacturers
- Traders and distributors of specialty oilfield chemicals
- Research and development institutes
- Potential investors
- Raw material suppliers
- Nationalized laboratories
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