DUBLIN, July 27, 2015 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/ttlkxj/production) has announced the addition of the "Production Chemicals Market by Type, by Oilfield Type (Onshore and Offshore), and Region - Global Trend & Forecast to 2020" report to their offering.
Global production chemicals market is estimated at $ 4,452.0 Million in 2014 and projected to reach a market size of $ 6,173.5 Million in 2020, registering a CAGR of 5% to 6% during the same period.
Production chemicals are used in the oilfield operations mainly to improve production maintenance & transport and eventually the recovery from reserves. Increasing oil production, extraction of oils from technologically challenging hydrocarbon geologies, and necessity of better extraction are boosting interest in the market.
This market is driven by increasing production of crude oil, growing drilling activities, and pursuing development and production from established/ageing Fields. The demand for production chemicals is increasing in enhanced oil recovery application as EOR activities are rising globally to enhance crude oil production from mature or declining reserves. The Asia-Pacific region is estimated to be the fastest-growing region as increasing number of oilfields are being explored and turned over in this region. Countries such as China, Malaysia, Thailand, and Indonesia are registering a high growth in the region.
The Middle Eastern and African region dominated the production chemicals market in 2014, globally. The U.S., Saudi Arabia, Iran, and Russia are the major countries with a huge demand for production chemicals. Latin America is projected to witness the highest growth rate of 6.9% between 2015 and 2020 for the market.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Global Production Chemicals Market, By Type
8 Global Production Chemicals Market, By Oilfield Type
9 Global Production Chemicals Market Size, By Region
10 Competitive Landscape
11 Company Profiles
- Akzonobel N.V.
- Baker Hughes Incorporated
- Basf SE
- Clariant AG
- Croda International Plc
- Ecolab Inc.
- Halliburton Company
- Schlumberger Limited
- The Dow Chemical Company
For more information visit http://www.researchandmarkets.com/research/ttlkxj/production
Laura Wood, +353-1-481-1716, email@example.com
SOURCE Research and Markets