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

July 9, 2014

The market for specialty oilfield chemicals is expected to reach $12.4 billion by 2019, growing at a compound annual growth rate (CAGR) of 5.9% between 2014 and 2019. Demulsifier and corrosion and scale inhibitors are the major specialty oilfield chemicals accounting for more than 65% of the market in 2013. 

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.

Demulsifiers held major share in the specialty oilfield chemicals in 2013 and the trend is expected to continue by 2019. Corrosion and scale inhibitors are the second largest market for the specialty oilfield chemicals. Surfactant is expected to grow at a higher rate owing to the increasing consumption of surfactants in enhanced oil recovery application. 

The outlook for specialty oilfield chemicals is reviewed in detail in a new report entitled "Specialty oilfield Chemical Market, By Type (Corrosion & Scale Inhibitors, Biocides, Demulsifier, Pour Point Depressants, Surfactants, advanced polymers, and others), Application (Drilling Fluid, Well Stimulation, Production Chemicals, Workover & Completion, and Enhanced Oil Recovery), and Geography-Regional Trend & Forecast to 2019." Prepared by MarketsandMarkets, the report defines and segments the specialty oilfield chemicals market with an analysis and forecast of types and applications of specialty oilfield chemicals.

Specialty oilfield chemicals are divided into two types that are specialty chemicals and advanced polymers. These are further segmented into corrosion & scale inhibitor, biocides, demulsifiers, pour-point depressants, surfactants, and others. Along with this, the applications of specialty oilfield chemicals markets that are drilling fluids, well stimulation, production, cementing, work over and completion chemicals, and enhanced oil recovery, and geography are also discussed.

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