Oilfield Chemicals market competitive landscape and profiles of major public and private players 2025
ReportsWeb Research's latest report, “Global Oilfield Chemicals Market Insights Forecast to 2025”, this report entails a fully up-to-date mapping of the market providing valuable support to strategic marketing decisions
(EMAILWIRE.COM, October 12, 2018 ) Oilfield chemicals refers to a series of chemicals used in the process of petroleum and gas drilling, mining and transportation, water treatment and enhanced oil recovery. The applications of oilfield chemicals in oilfield include drilling fluids, cementing, completion, stimulation, production and EOR (Enhanced Oil Recovery Chemicals), delivery, etc.
North America is the world's largest oilfield chemicals consumption area. In Europe and North America, the main application of polyacrylamide is the water treatment industry. However, polyacrylamide in oilfield is less in foreign, because of the special geological conditions in China, Daqing Oilfield and Shengli Oilfield are still using extensive of polymer in flooding technology. China is one of the countries with the highest crude oil production costs in the world. Despite this, China has had to continue mining domestic crude oil due to the huge market demand. At present, the production capacity of polyacrylamide in China has exceeded 1.2 million tons. Most of the polyacrylamide is used in the oil field industry.
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The global oil field chemical industry is dominated by large corporations, and these corporations are becoming larger through acquisitions, allowing themselves to offer a wider range of oil field services such as exploration, drilling, design, and engineering. In the past few years, there have been five major acquisitions and mergers in this industry. Lower oil prices have a side effect to this industry. Big companies maintain good performance through acquisitions and mergers. In 2017, Dow, DuPont complete planned merger to form Dow DuPont. Baker Hughes, a GE company announced that the transaction combining GE's oil and gas business with Baker Hughes is complete. In 2014, Lubrizol Corporation announced that it has completed the acquisition in the United States and Canada of Weatherford International's global oilfield chemicals business. In 2012, Ecolab announced its intention to acquire Permian MudService, Inc., the parent company of Champion Technologies, and integrate the business with its Energy Services division.The sale closed on April 10, 2013, at which time the businesses merged and announced its new Nalco Champion brand. In 2013, Solvay acquired Chemlogics.
Global Oilfield Chemicals market size will increase to 3570 Million US$ by 2025, from 2790 Million US$ in 2017, at a CAGR of 3.1% during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Oilfield Chemicals.
This report presents the worldwide Oilfield Chemicals market size (value, production and consumption), splits the breakdown (data status 2013-2018 and forecast to 2025), by manufacturers, region, type and application. This report studies the global market size of Oilfield Chemicals in key regions like North America, Europe, Asia Pacific, Central & South America and Middle East & Africa, focuses on the consumption of Oilfield Chemicals in these regions.
This report focuses on the top manufacturers' Oilfield Chemicals capacity, production, value, price and market share of Oilfield Chemicals in global market. The following manufacturers are covered in this report: SNF, CNPC, BASF, Nalco Champion, Baker Hughes, Schlumberger, Halliburton, Kemira, Clariant, Lubrizol, Dow, Chevron Phillips, Innospec.
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Publisher offers custom research services across sectors. In the case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@reportsweb.com
North America is the world's largest oilfield chemicals consumption area. In Europe and North America, the main application of polyacrylamide is the water treatment industry. However, polyacrylamide in oilfield is less in foreign, because of the special geological conditions in China, Daqing Oilfield and Shengli Oilfield are still using extensive of polymer in flooding technology. China is one of the countries with the highest crude oil production costs in the world. Despite this, China has had to continue mining domestic crude oil due to the huge market demand. At present, the production capacity of polyacrylamide in China has exceeded 1.2 million tons. Most of the polyacrylamide is used in the oil field industry.
Request a PDF sample Brochure for this report @ https://www.reportsweb.com/inquiry&RW00012272919/sample
The global oil field chemical industry is dominated by large corporations, and these corporations are becoming larger through acquisitions, allowing themselves to offer a wider range of oil field services such as exploration, drilling, design, and engineering. In the past few years, there have been five major acquisitions and mergers in this industry. Lower oil prices have a side effect to this industry. Big companies maintain good performance through acquisitions and mergers. In 2017, Dow, DuPont complete planned merger to form Dow DuPont. Baker Hughes, a GE company announced that the transaction combining GE's oil and gas business with Baker Hughes is complete. In 2014, Lubrizol Corporation announced that it has completed the acquisition in the United States and Canada of Weatherford International's global oilfield chemicals business. In 2012, Ecolab announced its intention to acquire Permian MudService, Inc., the parent company of Champion Technologies, and integrate the business with its Energy Services division.The sale closed on April 10, 2013, at which time the businesses merged and announced its new Nalco Champion brand. In 2013, Solvay acquired Chemlogics.
Global Oilfield Chemicals market size will increase to 3570 Million US$ by 2025, from 2790 Million US$ in 2017, at a CAGR of 3.1% during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Oilfield Chemicals.
This report presents the worldwide Oilfield Chemicals market size (value, production and consumption), splits the breakdown (data status 2013-2018 and forecast to 2025), by manufacturers, region, type and application. This report studies the global market size of Oilfield Chemicals in key regions like North America, Europe, Asia Pacific, Central & South America and Middle East & Africa, focuses on the consumption of Oilfield Chemicals in these regions.
This report focuses on the top manufacturers' Oilfield Chemicals capacity, production, value, price and market share of Oilfield Chemicals in global market. The following manufacturers are covered in this report: SNF, CNPC, BASF, Nalco Champion, Baker Hughes, Schlumberger, Halliburton, Kemira, Clariant, Lubrizol, Dow, Chevron Phillips, Innospec.
Custom Research:
Publisher offers custom research services across sectors. In the case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@reportsweb.com
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ReportsWeb.com
Rajat Sahni
Tel: +1-646-491-9876
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results