Oilfield Process Chemicals: Global Markets

June 29, 2011

Wellesley, Mass. – In a recent release, OILFIELD PROCESS CHEMICALS: GLOBAL MARKETS (CHM039B) from BCC Research (www.bccresearch.com), the global market for oilfield process chemicals was worth nearly $6.3 billion in 2010. That value is projected to be $8.2 billion in 2015, after increasing at a five-year compound annual growth rate (CAGR) of 5.7%.

The global market for oilfield process chemicals can be broken down into six segments by application – drilling chemicals, stimulation fluids, production chemicals, cementing chemicals, workover and completion chemicals, and enhanced oil recovery chemicals.

The segment made up of drilling chemicals was valued at $2.3 billion in 2010, and in 2015 should be worth $3 billion, yielding a CAGR of 5.7%.

The segment made up of stimulation fluids, worth $1.3 billion in 2010, should rise to $1.7 billion in 2015, also at a CAGR of 5.7%.

The segment made up of production chemicals was worth $1.3 billion in 2010 and should reach a value of nearly $1.7 billion in 2015, growing at a CAGR of 5.3%.

The segment made up of cementing chemicals was valued at $642 million in 2010, and in 2015 should be worth $842 million, a CAGR of 5.6%.

The segment made up of workover and completion chemicals, worth $550 million in 2010, should rise to $718 million in 2015, a CAGR of 5.5%.

The segment made up of enhanced oil recovery chemicals was worth $192 million in 2010 and should reach a value of $283 million in 2015, growing at a CAGR of 8.1%.

No one can argue that there is worldwide hunger for oil and gas. It is this insatiable appetite that has lead to an increase in demand and sales of chemicals that are used to extract oil and gas. This report aims to determine the future of the oilfield process chemicals and their industry on a global scale.

There is a broad intended audience for this report; more specifically it will be most beneficial to chemical manufacturers and distributors, energy and environment departments, oil field service companies, university and research groups looking to exploit new technologies, and companies or investment firms looking at possible acquisitions or additions to their portfolio in the field of oilfield process chemicals.

To Contact us, click here  

Oilfield Process Chemicals: Global Markets( CHM039B )
Publish Date: Jan 2011    

Data and analysis extracted from this press release must be accompanied by a statement identifying BCC Research LLC as the source and publisher. For media inquiries, email press@bccresearch.com or visit www.bccresearch.com/media to request access to our library of market research.