Oilfield Stimulation Chemicals Market: Contraction in Oil and Gas Industry to Encourage Moderate Growth

Transparency Market Research has added brand new that comes with the title “Oilfield Stimulation Chemicals Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025” to its archive of repository of market research reports. It makes an exploration and study of the international vendor landscape of the oilfield stimulation chemicals market. Taking cue and assistance from an elaborate market insight, this study of contraceptive devices makes an offering of an all-inclusive evaluation of the market for contraceptive devices. The research further gauges the ongoing scenario of the said market. Based on all the likely and optimistic situations, the report also makes an evaluation of the growth prospects of the market for contraceptive devices that might emerge in the years to come. This market research study report also underscores the current trends that are present in the international market for contraceptive devices together with its macro and micro economic directives.

Oilfield stimulation chemicals comprise a wide range of specialty chemicals that are intended to augment and support the process of stimulation. Stimulation treatments are carried out in an effort to restore or better the productivity of a well. Improvement in the productivity of the new flow channels leads to improved recovery of oil and gas from the targeted formation.

Products such as biocides and acids are used to control the bacteria that are present in the fracturing fluid at the surface. Corrosion inhibitors are often required in highly saline and acidic environments in an effort to protect the metal equipment. Friction pressure is a concern during the process of pumping. It can be efficiently and effectively controlled by making an employment of friction inhibitors. The viscosity of fluids can be regulated by making use of gelling agents.

Of late, the oil & gas industry has experienced a decline in terms of production owing to the low pricing. Surfactants have been used in oilfield chemicals for lubrication. They are also being employed as biocides, dispersants, wetting agents, corrosion inhibitors, and foam control agents. Contraction in the oil & gas industry is estimated to affect adversely the demand for oilfield stimulation chemicals in the years to come. This is expected to restrain the oilfield stimulation chemicals market during the period of forecast.

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Taking regional segments into consideration, the world market for Oilfield Stimulation Chemicals can be divided into the geographies of North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Rapid growth in the exploration of oil & gas reserves in North America is anticipated to boost the oilfield stimulation chemicals market in the years to come. Asia Pacific held substantial share of the world market for oilfield stimulation chemicals in the year 2016. The U.S. and China are expected to play a significant role in the growth of the world market for oilfield stimulation chemicals. While, on the other hand, India, Canada, and ASEAN are expected to be promising countries for oilfield stimulation chemicals over the period of forecast.

Some of the major market players that are operating in the international market for Oilfield Stimulation Chemicals are The Dow Jones Company, DuPont, Clariant, BASF SE, Clariant, Chevron Philips and so on.

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