Dallas, Texas (PRWEB) June 17, 2014
Several leading oil and gas companies are expected to increase investments for onshore and offshore drilling activities. Offshore drilling activities are expected to increase substantially in North America and Europe. Thus, the demand for drilling fluids is expected to witness strong growth during the forecast period. Also, a growing focus on deepwater and ultra-deep water exploration projects is expected to drive the Global Oilfield Process Chemicals market. For instance, in the US, the demand for oilfield process chemicals for application in deepwater and ultra-deepwater explorations in reserves such as the Gulf of Mexico is expected to drive market growth.
According to the report, many drivers are contributing to the growth of the Global Oilfield Process Chemicals market, the most important of which is the increase in production of crude oil and natural gas, particularly in countries such as the US and regions such as the Middle East and the Former Soviet Union. Moreover, an increase in the number of global natural-gas-directed rigs, has led to the increased demand for oilfield chemicals to support such activities, thereby contributing to market growth.
Further, the report states that one of the major challenges in the market is the stringent laws and regulations governing the market, which require vendors to face elaborate procedures before the approval of a new product. Such regulations are particularly high in developed regions, such as North America and the EU.
This report covers the present scenario and the growth prospects of the Global Oilfield Process Chemicals market for the period 2013-2018. To calculate the market size, the report considers the revenue generated by vendors of oilfield process chemicals for the upstream stage of oilfield processes. It also presents the vendor landscape and a corresponding detailed analysis of the top four vendors in the Global Oilfield Process Chemicals market. The report also provides data on the different segments of the Global Oilfield Process Chemicals market, which are based on the following criteria: type of product and geography.
In addition, the report discusses the major drivers that influence the growth of the market. It also outlines the challenges faced by the vendors and the market at large, as well as the key trends that are emerging in the market.
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The report recognizes the following companies as the key players in Global Oilfield Process Chemicals Market: Baker Hughes, Inc., Ecolab, Inc., Halliburton Co., Schlumberger Ltd, Air Liquide, Air Products and Chemicals, Inc., AkzoNobel NV, Al Sanea Chemical Products, Albemarle Corp., Anchor Drilling Fluids USA, Inc., Ashland, Inc., Aubin Group,AVA S.p.A, Barzaghi srl, BASF SE, Befargroup Co. Ltd, BDC International BV, Borregaard LignoTech, BP plc, BWA Water Additives, Cabot Specialty Fluids Ltd, Canadian Energy Services & Technology Corp., Cebo Holland B.V., CECA,Celanese Corp., Chemex Inc., ChemJect International, Inc., Chemtura Corp., Chevron Corp., Chimec S.p.A., China National Petroleum Corp., Clariant Oil Services, Croda International plc, Cytec Industries, Inc., Dorf Ketal Chemicals Pvt. Ltd, DuPont, Enerchem International, Inc., Engenium Chemicals Corp., Exxon Mobil Corp., LLC Flek, GChemical Co., Global Drilling Fluids & Chemicals Ltd, Gulf Coast Chemical LLC, Gumpro Chem Kalol Pvt. Ltd, INEOSOligomers, Innospec Specialty Chemicals, Kemira oyj, KMCO LLC, Lamberti S.p.A., Messina Chemicals, Inc., Mirrico, Momentive Specialty Chemicals Inc., Montello Inc., National Chemical and Petroleum Industries, NavdeepChemicals Pvt. Ltd, Newpark Resources, Inc., NUR Chemicals & Engineering Industries Co., Oil Chem Technologies LLC, PetroChina Co. Ltd, PureChem Services, Quimica Apollo S.A. de C.V., Ramex A/S, REChem Services GmbH,Recon Technology Ltd, REDA Oilfield, Rhodia S.A., Roemex Ltd, Sanjel Corp., Scomi Anticor S.A., Shrieve Chemical Co., Sichem LLC, SMC Technologies, Inc., Stepan Co., Syrgis Performance Chemicals, The Dow Chemical Co., TheLubrizol Corp., TIORCO, Unitop Chemicals Pvt. Ltd, Weatherford International, Well Flow International LLC.
Key Market Driver
- Increase in Demand for Stimulation Products.
Key Market Challenge
- Increase in Competition.
Key Market Trend
- Growing Demand for Eco-friendly Products.
Key Questions Answered in this Report
- What will the market size be in 2018 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Browse Other Reports on Chemicals Market.
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