Global Oilfield Chemicals Strategic Business Report 2024: Market expected to reach $44.6 billion by 2030

oilfield chemicals market

DUBLIN, Feb. 23, 2024 (Globe Newswire) — The “Oilfield Chemicals – Global Strategic Business Report” report has been added. ResearchAndMarkets.com Recruitment.

Global oilfield chemicals market expected to reach $44.6 billion by 2030

The global oilfield chemicals market, estimated at USD 28.9 billion in 2022, is projected to reach a revised size of USD 44.6 billion by 2030, growing by 5.6% over the analysis period 2022-2030. growing at a CAGR of Drilling fluids, one of the segments analyzed in the report, is expected to register a CAGR of 6.7% and reach USD 18.7 billion by the end of the analyzed period. The growth rate of the stimulants sector over the next eight years is estimated at 5.6% CAGR.

This report delves into the essential role of oilfield chemicals in the oil and gas industry, including drilling fluids, cement chemicals, production chemicals, stimulation chemicals, completion and working fluids, and EOR (enhanced oil recovery). Introducing various types of chemicals. . It shows data on global liquid fuel production from 2018 to 2024 and a breakdown of his OPEC and non-OPEC group average production in 2022. Additionally, it provides insights into global oil production. This also includes a breakdown of the percentages of different petroleum fuels produced. Countries in 2022.

The report discusses the expected slowdown in global oil demand towards the end of the decade and assesses the impact of the pandemic on the global oilfield chemicals market, including specialty chemicals used in oilfield applications. Drilling Fluids has been highlighted as a leading global market with regional analysis provided to understand the market trends across different regions. The competitive environment is studied, including the market share percentage of major competitors and their presence in the market classified as strong, active, niche, or small.

Additionally, recent market activities are outlined to give readers a comprehensive understanding of the Oilfield Chemicals market developments.

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Key attributes:

Market trends and drivers

• Demand for oilfield chemicals increases due to need to improve oilfield productivity and efficiency

• Need to bring oil wells into production drives demand for oilfield chemicals

• Global oil and gas industry trends influencing market demand

• Increases spending in oil and gas industry to support demand for oilfield chemicals

• Drilling and well construction activity yields significant gains, driving demand for oilfield chemicals

• Changes in the energy mix impact market trends

• Rising demand for natural gas bodes well for oilfield chemicals market

• Deep sea drilling brings new growth opportunities

• Deepwater projects will attract increased investment in 2022

• Drilling fluid benefits from increased drilling speed

• Water-based drilling fluids gain importance over oil-based muds

• Horizontal drilling benefits demand

• Increasing focus on shale gas production increases demand for production chemicals

• Increase in petrochemical production will drive production chemicals market growth

• Aging wells drive demand for production chemicals

• Stimulating chemicals: an area with high potential

• New shale strategy drives demand for stimulating chemicals

• New fluids and accelerators attract attention

• The need to increase oil production increases the importance of EOR chemicals in unlocking the potential of unrecoverable oil reserves.

• Increase in number of mature oilfield auger wells for EOR chemical market

• Increasing attention to hybrid materials in chemical EOR methods

• Microbial Enhanced Oil Recovery: A Green Alternative to Petroleum-Based EOR Chemicals

• MEOR technology development in China: Overview

• Companies focus on innovative chemicals to maximize oil recovery

• Crude-to-chemical technology gains increasing attention among refiners

• Nanotechnology enters oilfield chemicals field

• Nanotechnology applied to cementing

• Smart fluids will play a bigger role

• Strict regulations to promote the development of environmentally friendly chemicals

• Downhole Chemical Solutions' DriFlowT Dry Polymer Unit: An innovative chemical delivery method

• Specialty Oilfield Chemicals – Market Overview

• Automation tops oilfield chemical companies’ priority list, but challenges remain

• Custom oilfield chemical manufacturing augers bring tremendous benefits to the market

• Environmental impact of oilfield chemicals

• Oil and gas companies seek to overcome challenges with chemical management

Focus on carefully selected players(143 posts in total)

For more information on this report, please visit https://www.researchandmarkets.com/r/7iiud4.

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