Market Research Report
Europe Oilfield Chemicals Market Forecast 2019-2027
|Published by||Inkwood Research||Product code||883608|
|Published||Content info||78 Pages
Delivery time: 2-3 business days
|Europe Oilfield Chemicals Market Forecast 2019-2027|
|Published: July 8, 2019||Content info: 78 Pages||
The Europe oilfield chemicals market is expected to proliferate at a CAGR of 2.68% during the forecasting years of 2019-2027. The base year for the market analysis is considered to be 2018. The market is anticipated to grow to $XX million by 2027.
The economies of Norway, Russia, United Kingdom, Denmark, Italy and the Rest of Europe are the major influencers to the market trend in Europe. The swift growth of unconventional hydrocarbon activity in the past few years has driven the demand for specialty oilfield chemicals. But innovation in hydraulic fracturing has increased the shale formations to extract oil & gas from shale drilling. However, this expansion of shale development has led to increased water and air pollution. Thus, the increase in environmental concerns associated with the use of oilfield chemicals hampers the market growth.
The eminent companies functioning in the market are Croda International PLC, Lubrizol Corporation, Halliburton Company, Solvay S.A., Albemarle Corp., Dow Chemical Company, Clariant, Baker Hughes, Nalco Company LLC, Ecolab Inc., AkzoNobel N.V., BASF SE, Schlumberger Limited, Stepan Company, and Newpark Resources, Inc.