Global market for oilfield process chemicals to reach $9.7 billion by 2019

The last three years have been a dynamic period for the oil and gas industry. Technological advances have been a catalyst in changing the timeframe of oil production: the improvement in seismic techniques and drilling operations which uncover vast new resources, the ability to extract oil from unconventional sources, and the smarter use of production-related chemicals to increase proven oil reserves. For the foreseeable future, oil will remain a critical component of the energy chain.

BCC Research provides a thorough analysis of the oilfield process chemicals market through its report, Oilfield Process Chemicals: Global Markets. According to the report, this market reached nearly $7.4 billion in 2013. This is expected to grow to $7.7 billion in 2014 and $9.7 billion by 2019, with a compound annual growth rate (CAGR) of 4.6% from 2014 to 2019.

RSS Feeds – Chemicals

Use this report for, but not limited to, the following reasons:

• Gain an overview of the global market for oilfield process chemicals
• Analyze global market trends, with data from 2013, and projections of compound annual growth rates (CAGRs) from 2014 through 2019
• Access information on how these chemicals impact the challenges associated with drilling deeper, help the industry cope with hotter and higher pressure environments, and affect the drive to recycle and reuse materials
• Analyze which chemicals are growing, segments of the market that are contracting, technology challenges the industry is facing, and possible solutions and remedies for those challenges
• Identify the segments that should experience high growth during the time frame covered as well as highlight the challenges that multifunctional and specialty chemicals could overcome in the near future
• Review profiles of leading companies in the industry

SAMPLE FIGURE

VALUE OF OILFIELD PROCESS CHEMICALS BY APPLICATION

($ MILLIONS)

 

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