Global Specialty Oilfield Chemical Market Expected to Reach XX Million by 2025
According to a new report published by XXXXXX titled, “Specialty Oilfield Chemical Market By Type & Applications: Global Opportunity Analysis and Industry Forecast, 2017–2025,” ,” the specialty oilfield chemical market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025. North America dominates the specialty oilfield chemical market, both in terms of volume and value, and is expected to maintain this trend throughout the forecast period.
The innovation of shale gas is expected to boost demand further globally for oilfield specialty chemicals. Evolution of new eco-friendly products and solutions that abide by regulations produced more opportunities to grow the market. Most of the specialty oilfield chemicals are synthetic origin having less prices, easy availability & better customization. However, rigid government regulations for potentially harmful chemicals to environment and harmful disposal procedures of chemicals slow down the market growth. The key factor that drives oilfield specialty market in North America is expansion of shale oil & gas industries. Asia-pacific is expected to witness fastest growth in upcoming years. The active participation of countries like Saudi Arabia & Iran will drives the growth of market globally.
Key Question Answered: • What will be the market size in 2025 and at what rate it will grow? • What trends, barriers, challenges are influencing its growth? • Who are the major key players in global specialty oilfield chemical market and what are their strategies? • Which vertical industry is expected to show major growth? • What segment and region will lead the market and why? The major companies profiled in the report include: Ashland Inc., BASF SE, The Dow Chemical Company, Clariant AG, Solvay SA, The Lubrizol Corporation, Akzonobel NV, Nalco Champion, Baker Hughes Inc., Flotek Industries, and Kemira OYJ.
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