According to a market research report, the “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%.
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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”
This report also provides a comprehensive analysis of the companies listed below:
The specialty oilfield chemicals market comprises major players such as BASF SE (Germany), Ecolab (US), Clariant (Switzerland), Dow (US), Solvay (Belgium), SLB (US), Halliburton (US), Baker Hughes Company (US), Kemira (Finland), Arkema (France), and others are covered in the specialty oilfield chemicals market.
Merger & acquisitions, investments & expansions, partnerships & collaborations, and new product developments are some of the major strategies adopted by these key players to enhance their positions in the Specialty Oilfield Chemicals Market.
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Specialty oilfield chemicals are those chemicals that are used in the oil & gas industry in order to improve the quality of various operations, such as, efficiency and effectiveness of oil and gas extraction, processing, and transportation These chemicals are available in the market in a wide range of varities such as drilling fluids, emulsion breakers, corrosion inhibitors, etc. The specialty oilfield chemicals market is segmented on the basis of the type such as Demulsifiers, Inhibitors & Scavengers, Rheology modifiers, Friction reducers, Specialty biocides, Specialty surfactants, Pour point depressants, and Others. The specialty oilfield chemicals market is divided by applications like production, cementing, workover & completion, drilling fluids, well stimulation, and enhanced oil recovery.
Recent Developments in Specialty Oilfield Chemicals Market
- 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.
- In October 2022, Clariant announced its expansion by launching a state-of-the-art technical center in the UAE. This center will serve customers in Europe, the Middle East, and Africa (EMEA).
- In June 2022, Ecolab unveiled the Global Intelligence Center, which helps to analyze the data using IoT-connected systems to provide real-time monitoring and measurable results.
- In March 2022, Clariant signed an agreement with the Lihuayi Group Co. Ltd. for its upcoming petrochemical production units.
- In February 2022, BASF SE started the production plant for the intermediate 2-mercaptoethanol (2-ME) at the Ludwigshafen Verbund site. 2-mercaptoethanol can be used in the production of plastics, crop protection products, oilfield chemicals (Basocorr® ME), and coatings.
- In January 2022, BASF SE partnered with China BlueChemical Limited to develop new technology for the use of CO2-rich marine gas.
- In January 2022, Clariant announced the opening of two sites in Soyo and Viana, which will bring a wide range of technical and operational capabilities to the African region.
BASF SE (Germany) is a publicly traded, and engaged in the production of a wide range of chemicals and intermediate solutions, with its headquarters in Germany, Europe. The company has seven reportable segments such as Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care, Agricultural Solutions, and Other. BASF SE has a strong global presence and operates through 239 production facilities globally and in more than 90 countries through its subsidiaries.
Ecolab (US) is a US-based manufacturing firm, which sells its products and services in the field of water, hygiene, and energy. The company operates through four business segments such as Global Industrial, Global Institutional & Specialty, Global Healthcare & Life Sciences, and Others. The company has a strong foothold in more than 170 countries and serves its customers effectively.
Clariant (Switzerland) primarily produces specialty oilfield chemicals. The company operates through its three reportable business segments such as Care Chemicals, Catalysis, and Natural Resources. The company offers several oilfield chemicals under its Natural resources business segment. With the help of 70 production sites, and 11, 148 total workforce, the company has fulfilled the demands of the consumers. Moreover, the company is also focused on research and developmental activities, which helps the company to address the key trends such as energy efficiency, renewable raw materials, emission-free mobility, and the conservation of finite resources.
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