Market Research Report
North America Oilfield Chemicals Market Forecast 2019-2027
|Published by||Inkwood Research||Product code||883609|
|Published||Content info||87 Pages
Delivery time: 2-3 business days
|North America Oilfield Chemicals Market Forecast 2019-2027|
|Published: July 8, 2019||Content info: 87 Pages||
The North America oilfield chemicals market is anticipated to rise with a CAGR of 3.91% during the forecast period 2019-2027. The market has been valued at $XX million in the year 2018 and is expected to rise to a revenue of about $XX million by the year 2027. Oilfield chemicals are extensively used at all stages from oil production to the delivery of crude to the refinery. The volatile nature of crude oil prices considerably affects the demand and consumption of oilfield chemicals.
The United States and Canada are the major economies in the regional market that contribute the most. The availability of a large amount of offshore shale reserves is likely to be a major driving factor for North America oilfield chemicals market. One of the major restraint is the effect of reducing oil prices on production of crude oil and natural gas in the United States.
Stepan Company, Albemarle Corp., Solvay S.A., Lubrizol Corporation, Ecolab Inc., Newpark Resources, Inc., BASF SE, Nalco Company LLC, Croda International PLC, Schlumberger Limited, AkzoNobel N.V., Baker Hughes, Halliburton Company, Dow Chemical Company, and Clariant are the major companies operating in the market.