PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1383514
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1383514
Oilfield chemicals are a specific class of chemical compounds used to increase the effectiveness and efficiency of tasks performed at an oilfield site. Certain chemicals are used in a variety of operations, including drilling, production, completion, and others, under certain circumstances. These substances are used to clean machinery, oil sites, oil itself, and other equipment and machinery.
Furthermore, the market for oilfield chemicals was influenced by COVID-19 and the economic crisis, which together had an effect on the oil and gas industry. The crisis made the supply-demand imbalances that the sector was already dealing with pre-pandemic worse. Due to lockdowns, travel bans, and economic uncertainty during the early stages of COVID-19, there was an unprecedented decline in the world's oil demand, which resulted in a disruption of the supply chain globally and industrial delays. Oil prices fell as a result of the unexpected outbreak, which shocked stakeholders.
Market size available for years: 2019-2033
Base year considered: 2022
Forecast period: 2023-2033
Segments covered: By Chemical Type, By Application
Regions covered: North Central, North West, South West, Others
Companies Covered: Baker Hughes, BASF, Championx, Chevron, Clariant, Geoplex, GGI INTL' Nigeria Ltd., Halliburton, Matrix Petrochem, Schlumberger, Others
By Chemical Type: Based on the Chemical Type, Nigeria Oilfield Chemicals Market is segmented as; API Grade Barite, Base Oil, Biocides, Calcium Carbonate, Demulsifiers, Inhibitors and Scavengers, Polymers, Surfactants, Others.
By Application: Based on the Application, Nigeria Oilfield Chemicals Market is segmented as; Drilling, Production, Stimulation, Others.
By Region: This research also includes data for North Central, North West, South West, Others.