Oilfield Chemicals Market, Share, Trends, Growth Factors, Regional Segment Revenue Analysis, For 2030
Overview: Oilfield Chemicals are specialty chemicals that find diverse application in oil & gas industry. Several steps like cementing, drilling & completion, enhanced oil recovery (EOR), stimulation, and production, as well as, in the transportation of oil & gas. The global oilfield chemicals market is all set to score 5% CAGR during the forecast period of 2019 to 2025 and in the process, would take a leap from a valuation of USD 33 billion to surpass the anticipated valuation by the end of 2025. Market Research Future (MRFR) made a claim that this rise would be smooth owing to various ongoing oilfield exploration project. The global oilfield chemicals market can be triggered by several factors like the hike in the global oilfield exploration activities. Technological advancement is expected to play a major role in the global market growth, which would trigger the intake of these chemicals. According to Market Research Future (MRFR), the global Oil...