Oil and Gas Chemicals Market, By Application, and Geography - Insights, Size, Share, Opportunity Analysis, & Industry Forecast till 2025 Oil and gas chemicals are used in major oil field activities such as drilling, production, stimulation, enhanced oil recovery, and completion. They are used in various other operations for smooth functioning and improving productivity of the well. Additionally, oil and gas chemicals has applications in petroleum refining processes. Increase in energy demand, high consumption rate, and growing oilfield activities in deep and ultra-deep water has led to increase in growth of oil and gas chemicals market. Request For Sample Copy of this Research Report : https://www.coherentmarketinsights.com/insight/request-sample/792 Upstream segment of oil and gas chemicals market is projected to be the dominant market and was valued at US$ 37.39 billion in 2016. Oil and gas chemicals are widely used in oilfield activity to extract, repair or enhance the total oil recovery during the life of an oilfield. Stimulation chemicals, which is a sub-segment of upstream oil and gas chemicals, is the dominant market in the oil and gas chemicals, owing to their wide use in oilfield E&P activities. Stimulation chemicals are one of the best suited measure to enhance the production of a well, and was projected at a value of US$ 16.58 billion in 2016. Midstream segment are witnessed to grow at a fast pace with a CAGR of 6.41% over the forecast period and was valued at US$ 8.59 billion in oil and gas chemicals market, owing to their wide use in major stages of petroleum industry, which includes processing, storage, and transportation. Desalting chemicals are projected to have the largest market in midstream oil and gas chemical and was valued at US$ 3.10 billion in 2016, owing to their use in decreasing the content of salt in the treated oil. North America is projected to have a dominant market in oil and gas chemicals in terms of market share and volume, which is anticipated to continue its dominance over the forecast period. However, Asia-Pacific is witnessed to have a fast pace in the oil and gas chemicals market. Major Players in Oil and Gas Chemicals Market for Upstream, Midstream and Downstream Major players operating the global oilfield chemical market include Baker Hughes, Akzo Nobel NV, Elementis Plc., NALCO Champion, Newpak Resources Inc., The Lubrizol Corporation, Halliburton Company, Solvay SA, and others. For More Information: https://tinyurl.com/y2c5ttsw About Coherent Market Insights: Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity. Contact Us: Mr. Shah Coherent Market Insights 1001 4th Ave, #3200 Seattle, WA 98154 Tel: +1-206-701-6702 Email: [email protected]

Oil and Gas Chemicals Market is categorized by Application (Upstream, Midstream, Downstream), and Geography - Insights, Size, Share, Opportunity Analysis, & Industry Forecast till 2025