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Specialty Oilfield Chemicals Market Worth $12.4 Billion by 2019 – New Report by MarketsandMarkets
Date:8/6/2014

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It also identifies the driving and restraining factors for the specialty oilfield chemicals market with an analysis of trends, opportunities, and winning imperatives. The market is segmented and the value has been forecasted on the basis of major regions such as North America, Europe, Africa and the Middle East, Latin America, and Asia-Pacific.

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North America is the major region for specialty oilfield chemicals market

The specialty oilfield chemicals market is segmented into six applications markets: drilling fluids, well stimulation, production, cementing, work over and completion chemicals, and enhanced oil recovery. Drilling fluid is the largest application market for specialty oilfield chemicals accounting for majority of the share.

Global specialty oilfield chemicals market to reach $12.4 Billion by 2019

The market for specialty oilfield chemicals is expected to reach $12.4 Billion by 2019, growing at a CAGR of 5.9% between 2014 and 2019. North America dominated the specialty oilfield chemicals market in 2013. It is expected to remain the major market by 2019, growing at a CAGR of 5.8% between 2014 and 2019.

Demulsifier and corrosion & scale inhibitors are the major specialty oilfield chemicals accounting for more than 65% of the market in 2013

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