Market to Reach
$29.45 Billion By
High investments from multinational oil and gas majors such as Suncor Energy, Husky Energy, Shell,
Imperial Oil, Cenovus, and ExxonMobil is expected to steer drilling activities over the forecast period.
Additionally, large reserves of unconventional hydrocarbon reserves in the form of shale gas, tight oil
and oil sands will drive the oilfield chemicals market.
Market Size – USD 0.92 Billion in 2018, Market Growth - CAGR of 4.51%%, Market Trends – Product
launches and research for advanced Oilfield Chemicals Market
The global Oilfield Chemicals market is expected to reach USD 29.45 Billion by 2026, according to a new
report by Reports and Data. Over the past few years, the global energy landscape has changed significantly as
a result of technological advances in the recovery of unconventional hydrocarbon resources such as tight oil
and shale gas. A number of researches have been established to examine the impacts of extraction and
production of unconventional hydrocarbons on surface water, groundwater, and local air quality.
Key participants – BASF SE (Germany), Lubrizol Corporation (U.S.), AkzoNobel N.V.
(Netherlands), The Dow Chemical Company (U.S.), Schlumberger (U.S.), Halliburton
(U.S.), Kemira Oyj (Finland) and Clariant (Switzerland), Nalco (U.S.) and Baker Hughes
Product (Revenue, USD Million; 2016–2026)
• Rheology Modifiers
• Friction Reducers
Location (Revenue, USD Million; 2016–2026)
Applications (Revenue, USD Million; 2016–2026)
• Drilling & Cementing
• Enhanced Oil Recovery
• Well Stimulation
• Workover & Completion
Regional (Revenue, USD Million; 2016–2026)
• North America
• Asia Pacific