Specialty Oilfield Chemicals Market worth $14.5 billion by 2027, at a CAGR of 4.2%

The report Specialty Oilfield Chemicals Market by Type (Demulsifiers, Inhibitors & Scavengers, Rheology modifiers, Friction reducers, Specialty biocides, Specialty surfactants, Pour point depressants, and Others), Application, and Region – Global Forecast to 2027″, is approximated to be USD 11.8 billion in 2022, and it is projected to reach USD 14.5 billion by 2027, at a CAGR of 4.2%. Rising population, improving living standards, and increasing developmental activities, lead to an increase in the energy demands from several end-use industries. As a result of this, the production of crude oil rises which drives the market of specialty oilfield chemicals during the forecast period. 

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•  376 Market data Tables
•  40 Figures
•  277 Pages and in-depth TOC on “Specialty Oilfield Chemicals Market – Global Forecast to 2027”

Some of the prominent key players are:

·         BASF SE (Germany)

·         Clariant (Switzerland)

·         The Dow Chemical Company (US)

·         Solvay (Belgium)

·         Ecolab  (US)

·         Halliburton (US)

·         Schlumberger Limited (US)

·         Nouryon (Netherlands)

·         Baker Hughes Incorporated (US)

·         Kemira (Finland)

Recent Developments :

• In February 2023, SLB acquired Gyrodata Incorporated, a global company specializing in gyroscopic wellbore positioning and survey technology.

• In December 2022, The company expanded its business position by opening a new innovation center in Kuala Lumpur.

• In September 2022, Clariant launched the D3 PROGRAM to introduce more sustainable solutions to the oil and gas industry.

• In September 2022, Clariant launched several products, such as lubricity improvers, extreme pressure/anti-wear additives, corrosion inhibitors, neutralizing agents & guide formulations using online mode.

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