Global Oilfield Chemicals Market Analysis, Growth, Trends & Forecast 2018-2023, With an Expected CAGR of 4.64% - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--May 18, 2018--The “Global Oilfield Chemicals Market - Segmentation by Chemical Type, Application, and Geography - Growth, Trends, and Forecast (2018 - 2023)” report has been added to ResearchAndMarkets.com’s offering.
The oilfield chemicals market is estimated was valued at USD 26.06 billion in 2017 and is expected to reach USD 32.68 billion by 2023 with an estimated CAGR of 4.64%, during the forecast period, 2018-2023.
The well stimulation segment is expected to expand at a fastest CAGR during the forecast period. The United States is the largest beneficiary of this technology due to the increasing activity in unconventional plays. The Middle East and the Asia-Pacific regions have also shown immense potential in adopting the well stimulation techniques. Europe is also expected to shift its focus to the exploration of shale in the North Sea due to increasing requirement to become more energy self-sufficient.
North America is the leader across the globe for oilfield chemicals with an estimated CAGR of 5.00% due to the increased emphasis on shale gas production and exploration in the region. The United States accounts for the major share in North America mainly owing to the boom in shale gas industry, advancements in technologies and increasing oil exports. Countries, such as India and China are making large investments in the energy sector, owing to the growing demand for crude oil and petroleum. Europe holds a stable market oilfields chemicals market.
Key Topics Covered:
2. Executive Summary
3. Market Insights
4. Market Dynamics
5. Market Segmentation and Analysis
6. Regional Market Analysis
7. Competitive Landscape
8. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/2vmtjv/global_oilfield?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180518005279/en/
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Related Topics:Oilfield Chemicals
INDUSTRY KEYWORD: ENERGY OIL/GAS MANUFACTURING CHEMICALS/PLASTICS
SOURCE: Research and Markets
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PUB: 05/18/2018 07:58 AM/DISC: 05/18/2018 07:58 AM