Oilfield stimulation is the process of improving the oil wells to increase oil production and enhance hydrocarbons' flow. Oilfield stimulation chemicals has an extensive range of specialty chemicals intended to augment and support the stimulation process. Stimulation treatments are carried out to restore or improve the productivity of a well. Improvement in the new flow channels' productivity results in better recovery of oil and gas from the targeted formation. Products such as acids and biocides control the bacteria present in the fracturing fluid at the surface. Also, corrosion inhibitors are frequently required in highly acidic and saline environments to protect the metal equipment.
MARKET DYNAMICS
The oilfield stimulation chemicals market has witnessed a significant growth owing to factors such as demand of the oilfield stimulation chemicals is increasing from the chemical processing industry. Moreover, the R&D activity have been providing a huge market opportunity for the key players operating in the oilfield stimulation chemicals market. However, contraction in the oil & gas industry is projected to hamper the overall growth of the oilfield stimulation chemicals market.
MARKET SCOPE
The "Global Oilfield Stimulation Chemicals Market Analysis to 2028" is a specialized and in-depth study of the chemical and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the oilfield stimulation chemicals market with detailed market segmentation product, application, and geography. The global oilfield stimulation chemicals market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading oilfield stimulation chemicals market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global oilfield stimulation chemicals market is segmented on the basis of product and application. On the basis of product, the global oilfield stimulation chemicals market is divided into gelling agents/viscosifiers, corrosion inhibitors, acids & biocides, friction reducers and others (iron control agents, water control agents, etc.). On the basis of application, the global oilfield stimulation chemicals market is divided into hydraulic fracturing, matrix acidization, acid fracking, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global oilfield stimulation chemicals market based on various segments. It also provides marketsize and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The oilfield stimulation chemicals market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the oilfield stimulation chemicals market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the oilfield stimulation chemicals market in these regions.
MARKET PLAYERS
The reports cover key developments in the oilfield stimulation chemicals market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market pl ayers from oilfield stimulation chemicals market is anticipated to lucrative growth opportunities in the future with the rising demand for oilfield stimulation chemicals in the global market. Below mentioned is the list of few companies engaged in the oilfield stimulation chemicals market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the oilfield stimulation chemicals market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- AkzoNobel N.V.
- Ashland Inc.
- BASF SE
- Chevron Philips
- Clariant
- Dow Chemical
- DuPont
- Halliburton
- Solvay SA
- The Dow Chemical Company
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