Specialty Chemical Market to Grow at 3.79% CAGR in Oil and Gas Industry

PUNE, India, June 6, 2016 /PRNewswire/ --

The "Global Oilfield Specialty Chemical Market: Trends, Opportunities and Forecasts (2016-2021)" report has analysed the potential of specialty chemical market and provides statistics and information on market size, shares and trends. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the market entry strategies for various companies, emerging trends along with major drivers, challenges and opportunities in the Global Oil and Gas Specialty Chemical Market.

Complete report Oilfield Specialty Chemical Market spread across 275 pages, analyzing 9 companies and provides 170 data figures is now available at http://www.rnrmarketresearch.com/global-oilfield-specialty-chemical-market-trends-opportunities-and-forecasts-2016-2021-by-type-inhibitors-demulsifiers-biocides-surfactants-by-application-drilling-cementing-stimulation-eor-by-region-n-apac-row-market-report.html

Global Market for Specialty Chemicals is forecast to grow at a CAGR of approximately 3.79% during 2016 - 2021, on account of increased activities in exploration and production in the oil and gas sector along with rise in unconventional hydrocarbon recovery methods. Rise in Capital Intensive developments in unconventional sources, and the shale revolution in North America has further accelerated various speciality chemicals related operations in the oil and gas production projects.

Decline in crude oil prices and global economic slowdown has presented fresh challenges to the Specialty Chemicals Market in Oil and Gas industry. This would cause the Oilfield Specialty Market to rise at a slow pace during 2016E - 2021F owing to the lesser number of E&P spending in the region while USA captured the North American Region dominantly. 

Brazil's Oilfield Specialty Chemical Market size has increased steadily in the South America Region in 2016 - 2021. Saudi Arabia is the most promising nation for the production chemical market, while China & India are expected to drive the Asia Pacific market of speciality chemicals owing to their high demand for energy. 

With the high demand for energy in the American and Asian regions, there has been an increase in exploration activities leading to growth in the market for speciality chemicals. The report speaks about the offshore and onshore allocation of the market share wherein recent rise in the offshore explorations would drive the market in the offshore oil and gas industry. The percentage share of the offshore market is anticipated to rise until the year 2021. Increase in oil & gas production and higher advancements in speciality chemicals technologies have also contributed to the growth of Speciality Chemicals market.

In terms of segmentation, Oilfield Specialty Chemical market is categorized By Application (Well Intervention, Drilling Services & Well Completion) and By Location of Application (Offshore & Onshore). North America, South America, Middle East, Europe/Africa/Russia and Asia Pacific are being covered in the Regional segmentation.

The company profiles are Schlumberger Limited, Halliburton Co., BAKER HUGHES Inc. (NYSE: BHI), Weatherford International Ltd., Lubrizol Corp, DOW Chemicals Co., Evonik Industries, AkzoNobel (Euronext: AKZA), BASF, Omnova Solutions, Inc. and Ecolab Inc. Order a Copy of Report at http://www.rnrmarketresearch.com/contacts/purchase?rname=504193.

Another related report titled Oilfield Chemicals Markets in China says China's demand for Oilfield Chemicals has grown at a fast pace in the past decade. In the next decade, both production and demand will continue to grow. The Chinese economy maintains a high speed growth which has been stimulated by the consecutive increases of industrial output, import & export, consumer consumption and capital investment for over two decades. This new study examines China's economic trends, investment environment, industry development, supply and demand, industry capacity, industry structure, marketing channels and major industry participants. Historical data (2005, 2010 and 2015) and long-term forecasts through 2020 and 2025 are presented. Major producers in China are profiled. Complete report available at http://www.rnrmarketresearch.com/chinese-markets-for-oilfield-chemicals-market-report.html.

Explore other new reports on oilfield chemical market at http://www.rnrmarketresearch.com/reports/materials-chemicals/chemicals/specialty-chemicals/oilfield-chemical

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