BASF SE (Germany), Ecolab (US) are Leading Players in the Specialty Oilfield Chemicals Market
The specialty oilfield chemicals acid market size is estimated to be USD 11.8 billion in 2022, and it is projected to reach USD 14.5 billion by 2027 at a CAGR of 4.2%. Specialty oilfield chemicals are the class of those chemicals which are specifically designed and used in the oil & gas industry. These chemicals are used in various operations such as exploration, drilling, production, transportation, and others in any oil & gas industry. The market is segmented on the basis of several types such as demulsifiers, inhibitors & scavengers, rheology modifiers, friction reducers, specialty biocides, specialty surfactants, pour point depressants, and others. The oilfield chemicals are used in different applications including production, well stimulation, drilling fluids, enhanced oil recovery, cementing, and workover & completion. The demand for specialty oilfield chemicals is mainly furnished by global players manufacturing for various end-use industries. Some of the leading companies involved in the manufacturing of specialty oilfield chemicals are BASF SE (Germany), Ecolab (US), Clariant (Switzerland), Dow (US), and Solvay (Belgium), and others are covered in the specialty oilfield chemicals market. These players have adopted various growth strategies to strengthen their position in the market. These include product launches, contracts, partnerships, mergers and acquisitions, and new product development activities further to expand their presence in the specialty oilfield chemicals market.
BASF SE (Germany) is a publicly traded, and engaged in the production of a wide range of chemicals and intermediate solutions, with its headquarters in Germany, Europe. The company has seven reportable segments such as Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care, Agricultural Solutions, and Other. BASF SE has a strong global presence and operates through 239 production facilities globally and in more than 90 countries through its subsidiaries.
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Ecolab (US) is a US-based manufacturing firm, which sells its products and services in the field of water, hygiene, and energy. The company operates through four business segments such as Global Industrial, Global Institutional & Specialty, Global Healthcare & Life Sciences, and Others. The company has a strong foothold in more than 170 countries and serves its customers effectively.
Clariant (Switzerland) primarily produces specialty oilfield chemicals. The company operates through its three reportable business segments such as Care Chemicals, Catalysis, and Natural Resources. The company offers several oilfield chemicals under its Natural resources business segment. With the help of 70 production sites, and 11, 148 total workforce, the company has fulfilled the demands of the consumers. Moreover, the company is also focused on research and developmental activities, which helps the company to address the key trends such as energy efficiency, renewable raw materials, emission-free mobility, and the conservation of finite resources.
Related Reports:
Specialty Oilfield Chemicals Market by Type (Demulsifiers, Inhibitors & Scavengers, Rheology modifiers, Friction reducers, Specialty biocides, Specialty surfactants, Pour point depressants, and Others), Application, and Region - Global Forecast to 2027
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