MIDDLE EAST AND AFRICA SPECIALTY OILFIELD CHEMICALS Market Size, Growth, Demands, Revenue, Top Leading Company Analysis, Developing Technologies, Regional Overview and Revenue Analysis
The specialty oilfield chemicals market is expected to witness market growth at a rate
of 4.5% in the forecast period of 2021 to 2028. Data Bridge Market
Research report on specialty oilfield chemicals market provides analysis and
insights regarding the various factors expected to be prevalent throughout the
forecast period while providing their impacts on the market’s growth. The
increase in demand for the product for various industrial applications is
escalating the growth of specialty oilfield chemicals market.
On the other hand, declining crude oil prices and high
cost associated with the disposal procedures for chemicals after use are
expected to obstruct the market growth. The stringent regulations against
chemicals potentially harmful for the environment are projected to challenge
the specialty oilfield chemicals market in the forecast period of 2021-2028.
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Market Analysis and
Insights
Specialty oilfield chemicals are defined as the
elements that are commonly used in the recovery of oil and efficiently
declining the environmental impact in the oil extraction process. The
extraction processes such as production, stimulation, drilling, and improved
oil recovery, among other specialty chemicals that are utilized in each of
these step of process. Specialty oilfield chemicals are deployed in the
prevention of formation of wax in oil and declining the corrosion of the walls
of the pipe.
The growing number of crude oil production across the globe acts
as one of the major factors driving the growth of specialty oilfield chemicals
market. The increase in demand from enhanced oil recovery application and high
level of crude oil production accelerate the market growth. The rise in
application in drilling fluid activities, production chemicals, and workover
and completion, and use of the chemical in industrial and institutional
cleaning chemicals, specialty advanced polymers, pesticides, and construction chemicals
among several others further influence the market. Additionally, high level of
crude oil production, rise in deep drilling and ultra-deep drilling activities
for oil and gas and rapid industrialization positively affect the specialty
oilfield chemicals market. Furthermore, discoveries of new oilfields and
increase in aging oil reservoirs extends profitable opportunities to the market
players in the forecast period of 2021 to 2028.
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Middle East and
Africa Specialty Oilfield Chemicals Market Scope
The specialty oilfield chemicals market is segmented on the
basis of type, and application. The growth amongst the different segments helps
you in attaining the knowledge related to the different growth factors expected
to be prevalent throughout the market and formulate different strategies to
help identify core application areas and the difference in your target
markets.
- On the basis of type, the specialty oilfield chemicals
market is segmented into biocides, inhibitors, viscosifiers, demulsifiers,
surfactants, acids, friction reducers, iron control agents, polymers,
wetting agents, dispersants, additives, retarders, defoamers, emulsifiers and
others.
- On the basis of application, the specialty oilfield
chemicals market is segmented into drilling, production, stimulation,
cementing, enhanced oil recovery (EOR), workover & completion and
others.
Competitive Landscape and Middle
East and Africa Specialty Oilfield Chemicals Market Share Analysis
The specialty oilfield chemicals market competitive
landscape provides details by competitor. Details included are company
overview, company financials, revenue generated, market potential, investment
in research and development, new market initiatives, global presence,
production sites and facilities, production capacities, company strengths and
weaknesses, product launch, product width and breadth, application dominance.
The above data points provided are only related to the companies’ focus related
to specialty oilfield chemicals market.
Some of the major players
operating in the Middle East and Africa
Specialty Oilfield Chemicals market are,
BASF SE, Baker
Hughes, a GE company LLC, Croda International Plc, Schlumberger Limited,
Huntsman International LLC, Ecolab, Solvay, ELEMENTIS PLC, Evonik Industries
AG, Halliburton, Stepan Company, CPS Performance Materials, Ashland, Innospec,
Roemex Limited, Clariant, Kemira, KRATON CORPORATION, and Chevron Corporation,
among other. DBMR analysts understand competitive strengths and provide
competitive analysis for each competitor separately..
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