The global oilfield stimulation chemical market is projected to grow at a CAGR of 10% during 2019 to 2024. The growth of oilfield stimulation chemical market is driven by increasing crude oil production and rising deep drilling operations.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the
most promising potential, high-growth opportunities for the global oilfield
stimulation chemicals market by product type (friction reducer, acids and
biocides, corrosion inhibitors, gelling agent, iron control agent, and water
control), end use industry (hydraulic fracturing, matrix treatments, and acid
fracking), and region (North America, Europe, Asia Pacific, and Rest of the
World)?
Q.2 Which segments will
grow at a faster pace and why?
Q.3 What are the
business risks and threats to the oilfield stimulation chemical market?
Q.4 What are some
changing demands of customers in the oilfield stimulation chemical market?
Q.5 What are the new
developments in the oilfield stimulation chemical market? Which companies are
leading these developments?
Q.6 What strategic
initiatives are being implemented by key players for business growth?
Q.7 What are some of the
competitive products and processes in this oilfield stimulation chemical area
and how big of a threat do they pose for loss of market share via product
substitution?
Q.8 What M&A activity has occurred in the last 5 years in this oilfield stimulation chemical market?
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Market Segmentation:
Based on product type,
the oilfield stimulation chemical market is segmented into friction reducer,
acids and biocides, corrosion inhibitors, gelling agent, iron control agent,
and water control. The friction reducers segment accounted for the largest
share of the market in 2020 and is expected to register the highest CAGR during
the forecast period.
North America will remain the largest market over the forecast period due to
rapid growth in exploration of oil & gas reserves.
Key Players in the
oilfield stimulation chemical market are BASF SE, Baker Hughes Incorporated,
DOW Chemical Company, E.I Dupont, Flotek Industries Inc., Halliburton,
Schlumberger Limited, Chevron Phillips Chemical Company, Clariant AG, Ashland
Inc., Akzonobel N.V., Albemarle Corp., and Solvay SA.
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The report helps stakeholders understand the
pulse of the market and provides them with information on key drivers,
restraints, challenges, and opportunities for market growth. It would also help
to understand the competitors better and gain more insights to improve their
position in the business.
To read more about this market please click on
https://www.lucintel.com/oilfield-stimulation-chemical-market.aspx
About
Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. It offers market assessments, competitive
analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon
Fitzgerald
Lucintel
Dallas,
Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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