Oilfield Chemical Market Dynamics, Forecast, Analysis and Supply Demand 2016-2026

The increasing population have augmented the energy requirements of the country. In order to cope with energy demands more Oil and Gas E&P initiatives are being taken to cover the household and industrial energy requirement. With the products of oil industries & Gas manufacturing process fuelling various different industries from chemical to cosmetic hence it is necessary to use ensure that only quality product with minimum wastage is available . In order to ensure easy extraction, production a rich and refined product we use oilfield chemicals. With the use of Oilfields chemicals ensure an increase in efficiency oilfield activities such as drilling, completion, production, cementing and enhanced oil recovery (EOR). The Specialty oilfield chemicals impart unique attributes and functionality to the crude product to enhance their recovery of hydrocarbons from the well. Various categories of specialty oilfield chemicals include corrosion inhibitors, emulsion breakers (demulsifiers), surfactants and advanced polymers. Emulsion breakers are used to separate oil and water from crude oil water emulsions and corrosion inhibitors are those chemicals that inhibit corrosion of mild steel equipments in any aqueous medium. Hence, such agent help in increasing the export value of the crude oil thus are essential for use of the Oil and Gas industry.

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Oilfield Chemical Market: Drivers & Restraints

To meet the ever increasing demands of energy more Onshore and offshore exploration initiatives are being taken therefore driving the market for oilfield chemicals The increase drilling activity and use of technologies such as hydraulic fracturing and enhanced oil recovery (EOR) boost the demand of oilfield chemicals on global basis to ensure efficient oil and gas recovery. The development in the Oil and Gas industry will directly affect the oilfield chemical market. In order to get...