Global Specialty Oilfield Chemicals Market
Specialty Oilfield Chemicals Market
According to Verified Market Research, Global Specialty Oilfield Chemicals Market was valued at USD 10.86 Billion in 2018 and is projected to reach USD 14.58 Billion by 2026, growing at a CAGR of 3.73% from 2019 to 2026.
Global Specialty Oilfield Chemicals Market Outlook
The demand for specialty oilfield chemicals is expected to increase owing to the growth of oil production in the Middle East region. As the production of heavy crude oil is increasing, the consumption of the oilfield chemical will also increase. However, the strict environmental regulation for the use of harmful chemicals and high maintenance costs are some of the factors that may restrict the growth of the market over the forecast period. The recent development of new eco-friendly solutions is anticipated to create new opportunities for the market.
Global Specialty Oilfield Chemicals Market Competitive Landscape
The Global Specialty Oilfield Chemicals Market study report will provide a valuable insight with an emphasis on the global market including some of the major players such as BASF, Clariant, Ecolab, DowDuPont, Schlumberger, Solvay, AkzoNobel, Halliburton, Baker Hughes, and Kemira.
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