Specialty Oilfield Chemicals Market
Specialty Oilfield Chemicals Market Analysis By Type (Specialty Oilfield Chemical Demulsifiers, Modifiers, Reducers, Biocides, Surfactants, Inhibitors & Scavengers) By Application (Well Stimulation, Drilling Fluids, Enhanced Oil Recovery) & By Region – Global Market Insights 2022 to 2032
Analysis of Specialty Oilfield Chemicals market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Specialty Oilfield Chemicals Market Outlook (2022 to 2032)
The global specialty oilfield chemicals market in 2022 stands at US$ 11.92 billion in valuation and is expected to climb to US$ 18.46 billion by the end of 2032. Sales of specialty oilfield chemicals across the world are anticipated to increase at a CAGR of 4.5% from 2022 to 2032.
The oilfield chemicals market encompasses products such as specialty oilfield stimulation chemicals, specialty biocides, specialty oilfield pour point depressants, and other chemicals that are used in several industries for different applications. Specialty oilfield chemical solutions are anticipated to witness a high growth outlook owing to increased activity in the oil industry.
Rising exploration and drilling operations across the world to meet the high demand for crude oil are expected to prominently influence specialty oilfield chemicals market potential and drive demand for specialty oilfield production chemicals and specialty oilfield stimulation chemicals.
| Report Attributes | Details |
|---|---|
| Specialty Oilfield Chemicals Market Size (2022) | US$ 11.92 Billion |
| Predicted Market Valuation (2032F) | US$ 18.46 Billion |
| Projected Growth CAGR (2022 to 2032) | 4.5% CAGR |
| North America Specialty Oilfield Chemicals Market Share (2022) | 33.2% |
| Key Companies Profiled | Ashland Inc.; BASF SE; The Dow Chemical Company; Clariant AG; E.I. Du Pont De Nemours & Company; Solvay SA; The Lubrizol Corporation; AkzoNobel NV; Baker Hughes Inc.; Kemira OYJ |
In 2022, the use of specialty oilfield chemicals in enhanced oil recovery applications accounted for a value of US$ 1.72 billion, which is expected to rise at a CAGR of 3.8% across the forecast period.
Europe is expected to provide lucrative opportunities for specialty oilfield chemicals manufacturers as demand for energy generation increases substantially in the region. Demand for specialty oilfield chemicals in Europe is predicted to rise at a CAGR of 4.5% through 2032. Germany and the United Kingdom are expected lead specialty oilfield chemical consumption in the region over the years to come.
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Specialty Oilfield Chemical Consumption Analysis (2017 to 2021) in Comparison to Market Growth Forecasts (2022 to 2032)
Specialty oilfield chemicals are chemicals used for specific applications in the oil industry and other industrial applications as well. Rapid industrialization and urbanization on a global scale are major factors that are driving sales of specialty oilfield chemicals.
From 2017 to 2021, the specialty oilfield chemicals market rose at a CAGR of 3.5% and accounted for a revenue total of US$ 11.54 billion in 2021.
The number of oil exploration and deep drilling activities performed across the world is increasing, and this is expected to drive specialty oilfield chemical consumption over the coming years.
Rising demand for shale gas exploration owing to high demand across the world is also anticipated to positively influence specialty oilfield chemicals market growth through 2032. Rising investments to capitalize on high demand from emerging markets are also expected to favor sales of specialty oilfield chemicals.
Increasing digitization is anticipated to drive demand for digital oilfield services and rising penetration of smart technologies will boost the adoption of smart oilfield infrastructure. These factors are expected to have a minimal impact on specialty oilfield chemicals market growth.
However, stringent government mandates against the use of harmful chemicals and high costs associated with the disposal of these chemicals are projected to have a hampering effect on the overall market growth over the forecast period.
Worldwide shipments of specialty oilfield chemicals from 2022 to 2032 are anticipated to increase at a CAGR of 4.5%.
What Issues Could Have a Detrimental Effect on Specialty Oilfield Chemicals Market Growth?
“Strict Norms against Use of Toxic Chemicals Could Slow Down Market Potential”
Over the past few years, the focus on environment conservation has increased substantially and this has resulted in the implementation of stringent mandates to govern the use of toxic chemicals and other elements that have a detrimental effect on the environment.
Oilfield chemicals are usually synthetic in nature and toxic in nature hence their improper disposal leads to devastating effects on the environment. As strict laws are put in place to avoid this it could lead to the adoption of other alternatives and hamper demand for specialty oilfield chemicals.
As such, this factor could adversely affect the specialty oilfield chemicals market growth over the coming years.
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What Sways Specialty Oilfield Chemical Manufacturers towards APAC?
“Rising Investments in Energy Generation & Favorable Government Initiatives”
The specialty oilfield chemicals Asia Pacific is anticipated to provide highly rewarding business opportunities for top specialty oilfield chemical companies across the world owing to rapid industrialization and urbanization trends in the region.
Increasing demand for shale gas, growing population, increasing investments in the energy generation industry, supportive government initiatives to advance the petroleum industry, and low labor costs are expected to be significant factors driving specialty oilfield chemical demand in this region across the forecast period.
Emerging economies such as India, China, and Japan are predicted to be the most notable markets in this region in the years to come. Upstream chemicals are anticipated to witness high demand owing to rising exploration and drilling activities in the APAC region.
Specialty oilfield chemicals market size in the Asia Pacific region stands US$ 3.42 billion and the industry in this region is anticipated to hold a significant market share of 30.8% by the end of 2032.
This latest specialty oilfield chemicals market research report by Fact.MR, a market research and competitive intelligence provider has listed a detailed analysis of the current and forecasted market scenario for all the major regions across the world.
Why is MEA a Highly-preferred Market for Specialty Oilfield Chemical Suppliers?
“Presence of Major Oil-producing Countries in the MEA Region”
The MEA region is home to major oil producing countries such as Saudi Arabia, Kuwait, Qatar, Iran, etc. These countries are home to some of the world’s most prominent oil companies and this is expected to drive high demand for specialty oilfield chemicals in the region across the forecast period.
High oil production activity in the region is expected to bolster consumption of specialty oilfield chemicals. Rising demand for natural gas is also anticipated to provide new opportunities for specialty oilfield chemical suppliers over the forecast period.
The MEA specialty oilfield chemicals market currently stands at a net valuation of US$ 674.6 million and is predicted to expand at a CAGR of 3% through the end of 2032.
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Country-wise Insights
Should Specialty Oilfield Chemical Suppliers Focus on the United States?
“Increasing Demand for Shale Gas to Drive U.S. Market Growth”
Shale gas production in the United States has been witnessing an upward trend and is expected to continue over the forecast period as well. Increasing environmental concerns and rising prices of fuels are propelling the demand for natural gas in the country and this factor is expected to favor sales of specialty oilfield chemicals through 2032.
In 2022, the specialty oilfield chemicals market in the United States stands at a value of US$ 3.63 billion and is projected to account for a dominant market share of 91.5% by the end of 2032 in the North American region.
Will China Be a Lucrative Market for Specialty Oilfield Chemical Companies?
“Rising Explorations in South China Sea to Propel Specialty Oilfield Chemical Sales”
Energy demand is on a rise in China and this trend is expected to be rife across the forecast period as well. To meet this high demand the government of China is investing in expanding its exploration scope into deep reserves that are present in the South China Sea. This is expected to provide new opportunities for specialty oilfield chemical suppliers in the country.
Moreover, rapid industrialization and the growing energy industry are also expected to fuel specialty oilfield chemical demand in China over the coming years. Specialty oilfield chemical consumption in China is projected to increase at a CAGR of 5.8% through 2032 and accounts for a net revenue total of US$ 1.46 billion at present.
Category-wise Insights
Why are Most Market Players Focusing on Demulsifiers?
“Sales of Demulsifiers to Account for Dominant Market Share”
In terms of type, the market is segmented into specialty oilfield chemical demulsifiers, specialty oilfield chemical inhibitors & specialty oilfield chemical scavengers, specialty oilfield rheology modifiers, specialty oilfield friction reducers, specialty biocides, specialty surfactants, and other types.
Demulsifiers are crucial in all kinds of oil applications as they separate water from oil and also reduce the overall maintenance and operational cost of equipment, hence they are expected to lead the oilfield chemical market.
The specialty oilfield chemical demulsifiers segment is expected to account for a major market share of 24.2% by 2032 and is predicted to expand at a CAGR of 6% across the forecast period.
Which Specialty Oilfield Chemical Application Brings in Major Revenue Streams?
“Production Segment Significantly Drives Revenue Potential for Specialty Oilfield Chemical Suppliers”
Of all applications, the production application segment is anticipated to primarily drive the specialty oilfield chemicals market revenues across the forecast period. Increasing demand for oil and gas across the world has resulted in increased production activity which is driving the consumption of specialty oilfield production chemicals.
At present, the production segment accounts for US$ 3.7 billion and is predicted to attain an estimated valuation of US$ 6.17 billion by the end of the forecast period. Specialty oilfield stimulation chemicals are also expected to witness an increase in demand over the coming years.
Competitive Landscape
Specialty oilfield chemical companies are focusing on the expansion of their business landscape through mergers, acquisitions, and partnerships. Specialty oilfield chemical manufacturers are also increasing their investments in various companies and raising their stakes to benefit from lucrative opportunities that industrialization offers.
- In November 2020, Saudi Arabia’s Industrialization and Energy Services Company TAQA announced a stake in OPT Petroleum Technologies Company. This ensured TAQA’s access to OPT Petroleum’s specialty chemical products and bolstered TAQA’s service scope.
Key Segments Covered in Specialty Oilfield Chemicals Industry Research
-
By Type :
- Demulsifiers
- Inhibitors & Specialty Oilfield Chemical Scavengers
- Rheology Modifiers
- Friction Reducers
- Specialty Biocides
- Specialty Surfactants
- Other Types
-
By Application :
- Production Chemicals
- Well Stimulation
- Drilling Fluids
- Enhanced Oil Recovery
- Other Applications
-
By Region :
- North America
- Latin America
- Europe
- APAC
- MEA
Table of Content
- 1. Executive Summary
- 2. Market Overview
- 3. Key Market Trends
- 4. Key Success Factors
- 5. Market Background
- 6. Global Market Volume (Units) Analysis 2017 to 2021 and Forecast, 2022 to 2032
- 7. Global Market - Pricing Analysis
- 8. Global Market Value Analysis 2017 to 2021 and Forecast, 2022 to 2032
- 9. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Type
- 9.1. Demulsifiers
- 9.2. Inhibitors & Scavengers
- 9.3. Rheology Modifiers
- 9.4. Friction Reducers
- 9.5. Specialty Biocides
- 9.6. Specialty Surfactants
- 9.7. Other Types
- 10. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Application
- 10.1. Production
- 10.2. Well Stimulation
- 10.3. Drilling Fluids
- 10.4. Enhanced Oil Recovery
- 10.5. Other Applications
- 11. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Region
- 11.1. North America
- 11.2. Latin America
- 11.3. Europe
- 11.4. East Asia
- 11.5. South Asia
- 11.6. Oceania
- 11.7. Middle East and Africa (MEA)
- 12. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 13. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 14. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 15. South Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 16. East Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 17. Oceania Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 18. Middle East and Africa Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 19. Key and Emerging Countries Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 20. Market Structure Analysis
- 21. Competition Analysis
- 21.1. Ashland Inc.
- 21.2. BASF SE
- 21.3. The Dow Chemical Company
- 21.4. Clariant AG
- 21.5. E.I. Du Pont De Nemours & Company
- 21.6. Solvay SA
- 21.7. The Lubrizol Corporation
- 21.8. AkzoNobel NV
- 21.9. Baker Hughes Inc.
- 21.10. Kemira OYJ
- 22. Assumptions and Acronyms Used
- 23. Research Methodology
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List Of Table
Table 01: Global Market Volume (‘000 Units) Analysis and Opportunity Assessment 2017 to 2032, By Type
Table 02: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Type
Table 03: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Application
Table 04: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Region
Table 05: North America Market Value (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
Table 06: North America Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Type
Table 07: North America Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Application
Table 08: Latin America Market Value (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
Table 09: Latin America Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Type
Table 10: Latin America Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Application
Table 11: Europe Market Value (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
Table 12: Europe Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Type
Table 13: Europe Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Application
Table 14: South Asia Market Value (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
Table 15: South Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Type
Table 16: South Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Application
Table 17: East Asia Market Value (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
Table 18: East Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Type
Table 19: East Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Application
Table 20: Oceania Market Value (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
Table 21: Oceania Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Type
Table 22: Oceania Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Application
Table 23: Middle East and Africa Market Value (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
Table 24: Middle East and Africa Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Type
Table 25: Middle East and Africa Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Application
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List Of Figures
Figure 01: Global Market Volume (in 000' Units) Analysis, 2017 to 2021
Figure 02: Global Market Volume Forecast (in 000' Units), 2022 to 2032
Figure 03: Pricing Analysis (US$) Per Type, By Region, 2021
Figure 04: Pricing Analysis (US$) Per Type, By Region, 2021
Figure 05: Global Market Value Analysis (US$ Mn), 2017 to 2021
Figure 06: Global Market Value Forecast (US$ Mn), 2022 to 2032
Figure 07: Global Market Absolute $ Opportunity, 2022 to 2032
Figure 08: Global Market Share Analysis (%), By Type, 2022 to 2032
Figure 09: Global Market Y-o-Y Analysis (%), By Type, 2022 to 2032
Figure 10: Global Market Attractiveness Analysis by Type, 2022 to 2032
Figure 11: Global Market Share Analysis (%), By Application, 2022 to 2032
Figure 12: Global Market Y-o-Y Analysis (%), By Application, 2022 to 2032
Figure 13: Global Market Attractiveness Analysis by Application, 2022 to 2032
Figure 14: Global Market Share Analysis (%), By Region, 2022 to 2032
Figure 15: Global Market Y-o-Y Analysis (%), By Region, 2022 to 2032
Figure 16: Global Market Attractiveness Analysis by Region, 2022 to 2032
Figure 17: North America Market Value Share, By Type, 2022 (E)
Figure 18: North America Market Value Share, By Application, 2022 (E)
Figure 19: North America Market Value Share, By Country, 2022 (E)
Figure 20: North America Market Value Analysis (US$ Mn), 2017 to 2021
Figure 21: North America Market Value Forecast (US$ Mn), 2022 to 2032
Figure 22: North America Market Attractiveness Analysis by Type, 2022 to 2032
Figure 23: North America Market Attractiveness Analysis by Application, 2022 to 2032
Figure 24: North America Market Attractiveness Analysis by Country, 2022 to 2032
Figure 25: Latin America Market Value Share, By Type, 2022 (E)
Figure 26: Latin America Market Value Share, By Application, 2022 (E)
Figure 27: Latin America Market Value Share, By Country, 2022 (E)
Figure 28: Latin America Market Value Analysis (US$ Mn), 2017 to 2021
Figure 29: Latin America Market Value Forecast (US$ Mn), 2022 to 2032
Figure 30: Latin America Market Attractiveness Analysis by Type, 2022 to 2032
Figure 31: Latin America Market Attractiveness Analysis by Application, 2022 to 2032
Figure 32: Latin America Market Attractiveness Analysis by Country, 2022 to 2032
Figure 33: Europe Market Value Share, By Type, 2022 (E)
Figure 34: Europe Market Value Share, By Application, 2022 (E)
Figure 35: Europe Market Value Share, By Country, 2022 (E)
Figure 36: Europe Market Value Analysis (US$ Mn), 2017 to 2021
Figure 37: Europe Market Value Forecast (US$ Mn), 2022 to 2032
Figure 38: Europe Market Attractiveness Analysis by Type, 2022 to 2032
Figure 39: Europe Market Attractiveness Analysis by Application, 2022 to 2032
Figure 40: Europe Market Attractiveness Analysis by Country, 2022 to 2032
Figure 41: South Asia Market Value Share, By Type, 2022 (E)
Figure 42: South Asia Market Value Share, By Application, 2022 (E)
Figure 43: South Asia Market Value Share, By Country, 2022 (E)
Figure 44: South Asia Market Value Analysis (US$ Mn), 2017 to 2021
Figure 45: South Asia Market Value Forecast (US$ Mn), 2022 to 2032
Figure 46: South Asia Market Attractiveness Analysis by Type, 2022 to 2032
Figure 47: South Asia Market Attractiveness Analysis by Application, 2022 to 2032
Figure 48: South Asia Market Attractiveness Analysis by Country, 2022 to 2032
Figure 49: East Asia Market Value Share, By Type, 2022 (E)
Figure 50: East Asia Market Value Share, By Application, 2022 (E)
Figure 51: East Asia Market Value Share, By Country, 2022 (E)
Figure 52: East Asia Market Value Analysis (US$ Mn), 2017 to 2021
Figure 53: East Asia Market Value Forecast (US$ Mn), 2022 to 2032
Figure 54: East Asia Market Attractiveness Analysis by Type, 2022 to 2032
Figure 55: East Asia Market Attractiveness Analysis by Application, 2022 to 2032
Figure 56: East Asia Market Attractiveness Analysis by Country, 2022 to 2032
Figure 57: Oceania Market Value Share, By Type, 2022 (E)
Figure 58: Oceania Market Value Share, By Application, 2022 (E)
Figure 59: Oceania Market Value Share, By Country, 2022 (E)
Figure 60: Oceania Market Value Analysis (US$ Mn), 2017 to 2021
Figure 61: Oceania Market Value Forecast (US$ Mn), 2022 to 2032
Figure 62: Oceania Market Attractiveness Analysis by Type, 2022 to 2032
Figure 63: Oceania Market Attractiveness Analysis by Application, 2022 to 2032
Figure 64: Oceania Market Attractiveness Analysis by Country, 2022 to 2032
Figure 65: Middle East and Africa Market Value Share, By Type, 2022 (E)
Figure 66: Middle East and Africa Market Value Share, By Application, 2022 (E)
Figure 67: Middle East and Africa Market Value Share, By Country, 2022 (E)
Figure 68: Middle East and Africa Market Value Analysis (US$ Mn), 2017 to 2021
Figure 69: Middle East and Africa Market Value Forecast (US$ Mn), 2022 to 2032
Figure 70: Middle East and Africa Market Attractiveness Analysis by Type, 2022 to 2032
Figure 71: Middle East and Africa Market Attractiveness Analysis by Application, 2022 to 2032
Figure 72: Middle East and Africa Market Attractiveness Analysis by Country, 2022 to 2032
Figure 73: U. S. Market Value Analysis (US$ Mn), 2022 & 2032
Figure 74: U. S. Market Value Share, By Type, 2022 (E)
Figure 75: U. S. Market Value Share, By Application, 2022 (E)
Figure 76: Canada Market Value Analysis (US$ Mn), 2022 & 2032
Figure 77: Canada Market Value Share, By Type, 2022 (E)
Figure 78: Canada Market Value Share, By Application, 2022 (E)
Figure 79: Mexico Market Value Analysis (US$ Mn), 2022 & 2032
Figure 80: Mexico Market Value Share, By Type, 2022 (E)
Figure 81: Mexico Market Value Share, By Application, 2022 (E)
Figure 82: Brazil Market Value Analysis (US$ Mn), 2022 & 2032
Figure 83: Brazil Market Value Share, By Type, 2022 (E)
Figure 84: Brazil Market Value Share, By Application, 2022 (E)
Figure 85: U. K. Market Value Analysis (US$ Mn), 2022 & 2032
Figure 86: U. K. Market Value Share, By Type, 2022 (E)
Figure 87: U. K. Market Value Share, By Application, 2022 (E)
Figure 88: Germany Market Value Analysis (US$ Mn), 2022 & 2032
Figure 89: Germany Market Value Share, By Type, 2022 (E)
Figure 90: Germany Market Value Share, By Application, 2022 (E)
Figure 91: France Market Value Analysis (US$ Mn), 2022 & 2032
Figure 92: France Market Value Share, By Type, 2022 (E)
Figure 93: France Market Value Share, By Application, 2022 (E)
Figure 94: Italy Market Value Analysis (US$ Mn), 2022 & 2032
Figure 95: Italy Market Value Share, By Type, 2022 (E)
Figure 96: Italy Market Value Share, By Application, 2022 (E)
Figure 97: Spain Market Value Analysis (US$ Mn), 2022 & 2032
Figure 98: Spain Market Value Share, By Type, 2022 (E)
Figure 99: Spain Market Value Share, By Application, 2022 (E)
Figure 100: Russia Market Value Analysis (US$ Mn), 2022 & 2032
Figure 101: Russia Market Value Share, By Type, 2022 (E)
Figure 102: Russia Market Value Share, By Application, 2022 (E)
Figure 103: China Market Value Analysis (US$ Mn), 2022 & 2032
Figure 104: China Market Value Share, By Type, 2022 (E)
Figure 105: China Market Value Share, By Application, 2022 (E)
Figure 106: Japan Market Value Analysis (US$ Mn), 2022 & 2032
Figure 107: Japan Market Value Share, By Type, 2022 (E)
Figure 108: Japan Market Value Share, By Application, 2022 (E)
Figure 109: South Korea Market Value Analysis (US$ Mn), 2022 & 2032
Figure 110: South Korea Market Value Share, By Type, 2022 (E)
Figure 111: South Korea Market Value Share, By Application, 2022 (E)
Figure 112: India Market Value Analysis (US$ Mn), 2022 & 2032
Figure 113: India Market Value Share, By Type, 2022 (E)
Figure 114: India Market Value Share, By Application, 2022 (E)
Figure 115: ASEAN Market Value Analysis (US$ Mn), 2022 & 2032
Figure 116: ASEAN Market Value Share, By Type, 2022 (E)
Figure 117: ASEAN Market Value Share, By Application, 2022 (E)
Figure 118: Australia Market Value Analysis (US$ Mn), 2022 & 2032
Figure 119: Australia Market Value Share, By Type, 2022 (E)
Figure 120: Australia Market Value Share, By Application, 2022 (E)
Figure 121: New Zealand Market Value Analysis (US$ Mn), 2022 & 2032
Figure 122: New Zealand Market Value Share, By Type, 2022 (E)
Figure 123: New Zealand Market Value Share, By Application, 2022 (E)
Figure 124: GCC Countries Market Value Analysis (US$ Mn), 2022 & 2032
Figure 125: GCC Countries Market Value Share, By Type, 2022 (E)
Figure 126: GCC Countries Market Value Share, By Application, 2022 (E)
Figure 127: Turkey Market Value Analysis (US$ Mn), 2022 & 2032
Figure 128: Turkey Market Value Share, By Type, 2022 (E)
Figure 129: Turkey Market Value Share, By Application, 2022 (E)
Figure 130: South Africa Market Value Analysis (US$ Mn), 2022 & 2032
Figure 131: South Africa Market Value Share, By Type, 2022 (E)
Figure 132: South Africa Market Value Share, By Application, 2022 (E)
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Competitive landscape highlights only certain players
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- FAQs -
How much is the specialty oilfield chemicals market valued at in 2022?
Currently, the global specialty oilfield chemicals market accounts for a value of US$ 11.92 billion.
What valuation will the specialty oilfield chemicals market attain by 2032?
The specialty oilfield chemicals market is anticipated to reach US$ 18.46 billion by the end of 2032.
At what pace is the demand for specialty oilfield chemicals anticipated to rise?
From 2022 to 2032, shipments of specialty oilfield chemicals are predicted to increase at a CAGR of 4.5%.
What was the value of the market in North America in 2021?
The North America specialty oilfield chemicals market accounted for US$ 3.83 billion at the end of 2021.
What are the major driving forces behind the growth of the global specialty oilfield chemicals market?
Rapid industrialization, rising energy consumption, and increasing demand for shale gas are prominent factors driving specialty oilfield chemicals market growth.
Which region holds the largest share in the global specialty oilfield chemicals market?
North America accounts for a major market share of 33.2% and is expected to reach a valuation of US$ 5.91 billion by 2032.
Specialty Oilfield Chemicals Market