Oil field chemicals market will mark a significant growth during 2014 – 2022, say research analysts at Allied Market Research. Researchers hold increasing oil production in different countries responsible for market growth. There is a significant growth observed in countries including India and China responsible for the exponential growth of the oil field chemical industry. Statistics in the new report, titled, “World Oil Field Chemicals Market – Opportunities and Forecast, 2014 – 2022,” further highlights certain restraining factors, with a major focus on the declining oil prices. In addition, extensive data on the recent developments in the oil production, particularly in regions including Latin America would enable business owners to identify potentiality, when it comes to driving sales and generating profits.
The study offers a comprehensive information about the use of chemicals in both natural gas and crude oil, that is keeping its market future bright. Furthermore, the use of chemicals in the gas processes and pipeline gathering systems has created new opportunities for the industry. Thorough evaluation of oil field chemical in the report will further enable stakeholders, product developers and marketing executives to obtain an accurate data on their use in cementing, exploration of natural gas and crude oil, drilling fluids and others. There are clear indications that types such as oil- and water-soluble emulsifiers and corrosion emulsifier are projected to observe highest growth rate by 2022. Several advancements towards developing environment friendly formulations of surfactants and dispersants would drive in huge investments, highlight industry experts conducting the research.
Comprehensive assessment of a list of stringent government policies discussed in the report further adds value to the overall research of the oil field chemicals market. Evaluation of current and future industry trends to elucidate the key investment pocket across North America, Asia Pacific, LAMEA and Europe forms an important part of the report. SWOT analysis in the study sheds light on the strengths, weaknesses, opportunities and constant threats faced by prominent brands to enable business owners design effective business strategies. Industry leaders profiled in the report include FRAC CHEM, Imperial Oilfield Chemicals Pvt. Ltd., Novochem, Independence Oilfield Chemicals, and others. Moreover, the researchers study the sector by type, application and geography.
The recent acquisition announcements and joint ventures are believed to lead the oil field chemicals market worldwide. When evaluating the key benefits research take into consideration both micro and macro factor important for the existing players and start-ups along with extensive analysis of the value chain.