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Specialty oilfield chemicals are essential components for enhancing the efficiency of production of crude oil
Various specialty oilfield chemicals such as corrosion & scale inhibitors, biocides, demulsifiers, pour-point depressants, and surfactants are vital additives for ensuring the highest efficiency in production of crude oil. These act as wetting agents, emulsification breakers, and so on to optimize an extraction process and attain a high level of operative prowess.
Fast depleting oil reserves are making consumers shift their focus on extraction operations on existing mature wells, reserves in difficult terrains, and deep drilling activities on and offshore. This trend is leading to growing demand for specialty oilfield chemicals in applications such as enhanced oil recovery, well stimulation, and so on. Growing drilling, well stimulation, and enhanced oil recovery operations in countries such as China, Brazil, India, and Malaysia are contributing toward the growth of specialty oilfield chemicals market.
Specialty oilfield chemicals are increasingly being used for the enhanced oil recovery application. The EOR application is estimated to grow at the highest CAGR between 2014 and 2019. The existing mature oil reserves within North America are making this application attractive for the market players.
Specialty Oilfield Chemicals Market By Type (Corrosion & Scale Inhibitors, Biocides, Demulsifier, Pour Point Depressants, Surfactants, Advanced Polymers, And Others), Application (Drilling Fluid, Well Stimulation, Production Chemicals, Workover & Completion, And Enhanced Oil Recovery), and Geography–Regional Trend & Forecast To 2019
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