The international market research reports and market data provider, ResearchAndMarkets.com, has recently released a report entitled “Oilfield Chemicals – Global Strategic Business Report.” This report offers comprehensive insights into the global oilfield chemicals market and its projected growth trends.
According to the report, the global market for oilfield chemicals is expected to reach $44.6 billion by the year 2030, up from an estimated $28.9 billion in 2022. This represents a compound annual growth rate (CAGR) of 5.6% over the analysis period of 2022-2030. The report also highlights the increasing demand for oilfield chemicals in the oil and gas industry, emphasizing the role of different types of chemicals such as drilling fluids, cementing chemicals, production chemicals, stimulation chemicals, completion and workover fluids, and enhanced oil recovery (EOR) chemicals.
In addition to market projections, the report also provides insights into global liquid fuels production, a breakdown of production for OPEC and non-OPEC groups, global oil production, and the impact of the pandemic on the market.
The report also delves into specific market trends and drivers, including the need to improve productivity and efficiency of oilfields, the influence of global oil and gas industry dynamics on market demand, rising demand for natural gas, opportunities in deepwater drilling, technological advancements such as nanotechnology and automation, and challenges related to chemical management and environmental implications.
Furthermore, the report features a focus on select players in the oilfield chemicals market, highlighting the latest developments and strategic objectives of key companies.
Overall, the “Oilfield Chemicals – Global Strategic Business Report” offers a comprehensive overview of the global oilfield chemicals market, providing valuable insights for industry stakeholders, investors, and other interested parties. For more information, readers are encouraged to visit the ResearchAndMarkets.com website for the complete report.
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