Global Oilfield Chemicals Market Report 2021: Demand Poised to Rise for Environment Friendly Oilfield Chemicals

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Rebecca Herbert

Climate Activist

Global Oilfield Chemicals Market to Reach $43.9 Billion by 2027.

Global Oilfield Chemicals Market Report 2021: Demand Poised to Rise for Environment Friendly Oilfield Chemicals

--(BUSINESS WIRE)--The "Oilfield Chemicals - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Amid the COVID-19 crisis, the global market for Oilfield Chemicals estimated at US$27.9 Billion in the year 2020, is projected to reach a revised size of US$43.9 Billion by 2027, growing at a CAGR of 6.7% over the analysis period 2020-2027.

Drilling Fluids, one of the segments analyzed in the report, is projected to record a 7.6% CAGR and reach US$17.5 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Stimulation Chemicals segment is readjusted to a revised 7.7% CAGR for the next 7-year period.

The U.S. Market is Estimated at $7.5 Billion, While China is Forecast to Grow at 10.3% CAGR

The Oilfield Chemicals market in the U.S. is estimated at US$7.5 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$9.7 Billion by the year 2027 trailing a CAGR of 10.3% over the analysis period 2020 to 2027.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.6% and 6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.3% CAGR.

Production Chemicals Segment to Record 4.3% CAGR

In the global Production Chemicals segment, USA, Canada, Japan, China and Europe will drive the 3.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$2.7 Billion in the year 2020 will reach a projected size of US$3.5 Billion by the close of the analysis period.

China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$6 Billion by the year 2027, while Latin America will expand at a 5.3% CAGR through the analysis period.

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Influencer Market Insights
World Market Trajectories
Impact of COVID-19 and Looming Global Recession
COVID Impact on Oil & Gas Industry
An Introduction to Oilfield Chemicals
Global Market Prospects & Outlook

2. FOCUS ON SELECT PLAYERS (Total 147 Featured)

Akzo Nobel NV
Albemarle Corp.
Baker Hughes
Elementis Plc
Halliburton Company
NALCO Champion
Newpark Resources, Inc.
Schlumberger Limited
Schlumberger Limited (M-I SWACO)
Solvay SA
The Lubrizol Corporation

3. MARKET TRENDS & DRIVERS

Need to Improve Productivity & Efficiency of Oil Fields Fuels Demand for Oilfield Chemicals
E&P Activities Determine Demand Dynamics in the Global Oilfield Chemicals Market
Shale Gas E&P Activities Translate into Opportunities for Oilfield Chemicals Market
Market Benefits from the Increase in Deepwater & Ultra-Deepwater Drilling Projects
Energy Demand Dynamics and Need to Bring Petroleum Crude Oil Wells to Production Drives Demand for Oilfield Chemicals
Demand for Petroleum-based Fuel from Transportation Industry Augurs Well for the Market
Shift towards Unconventional Drilling and Increasing Complexity of Drilling Activities Bodes Well for the Market
Demand Poised to Rise for Environment Friendly Oilfield Chemicals
Natural Polymeric Materials Hold Potential in Oilfield Operations
Specialty Oilfield Chemicals Market: Poised for Growth
EOR Chemicals Poised for Healthy Growth
Nanotechnology's Growing Role in Oilfield Chemicals
Tremendous Benefits of Custom Oilfield Chemical Manufacturing Augurs Well for the Market
Specialty Oilfield Chemicals Gain Traction
Innovations & Advancements to Boost Market Prospects
Challenges Facing Market Growth