The 5 Secrets That You Shouldn't Know About Oilfield Stimulation Chemicals Market.

Oilfield stimulation is the process undertaken for the recovery and improving the flow of hydrocarbons from drilling well. With the development of new technologies and innovative chemicals, stimulation has now become an easy process. Oilfield stimulation chemicals find majority of its applications in hydraulic fracturing, matrix acidization, acid fracking, and other processes. These processes include steam injection, CO2 injection, and so on. Oilfield stimulation chemicals market can be classified into gelling agents, friction reducers, surfactants, corrosion & scale inhibitors, acids, and others such as biocides and cross linkers.

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North America is projected to remain the largest regional market for oilfield chemicals, globally. However, the Asia-Pacific region, led by China, is likely to overtake North America as the fastest-growing market. China’s massive demand for energy will continue to drive the country’s exploration activities and development of its huge unconventional energy resource, especially natural gas.

Oilfield Stimulation Chemicals Market worth $2.97 Billion

♦ Key Market Players -

The leading players of stimulation chemicals include BASF SE (Germany), Chevron Philips (U.S.),E.I. Dupont (U.S.), Ashland Inc. (U.S.), and Dow chemicals (U.S.).

This research study provides a detailed qualitative and quantitative analysis of the market. It provides a comprehensive review of the key market drivers, restraints, opportunities, winning imperatives, challenges, and important issues in the market. The market is further segmented and projected by region North America, Commonwealth of Independent States (CIS), Asia-Pacific, Europe, and RoW. Each of these regions is further segmented by key countries. We have used various secondary sources, such as company websites, encyclopedia, directories, and databases, to identify and collect information useful for this extensive commercial study of oilfield stimulation chemicals market. The primary sources, that include experts from related industries and suppliers, have been interviewed to verify and collect critical information as well as to assess the future prospects of oilfield stimulation.

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