Growth And Challenges In The Global Oilfield Process Chemicals Market
Oilfield Process Chemicals: Global Markets
This study was conducted to determine the future of the oilfield process chemicals industry on a worldwide scale. The forecast demand and production of oil will have a direct impact on the demand for oilfield process chemicals. This study estimates the 5-year forecast for the oilfield process chemicals industry from 2010 through 2015. ( http://www.bharatbook.com/detail.asp?id=167491&rt=Oilfield-Process-Chemicals-Global-Markets.html )
Oilfield process chemicals support the exploration and processing of oil and natural gas in the field. Various factors influence the demand for oilfield process chemicals. The worlds demand for energy is increasing as emerging economies such as China, India, Latin America and Africa develop their capabilities and raise the living standards and conditions of their populations. Crude oil and natural gas are critical feedstocks in the energy supply chain. For this reason, many nations are looking to be self-sufficient in energy generation across the supply chain, resulting in the drive to secure feedstocks that they control and not be reliant on imports from nations that may have differing political agendas or ideals that are in conflict with theirs, or are located in regions that are a hot bed of unrest and instability, threatening the supply of these key energy raw material. In addition, all the easy-to-extract oil in locations that can be easily accessed and supported have been located, thus the need to explore more isolated and harsher environments is required.
The scope of this study includes only the chemicals used in the upstream part of the oilfield processes and market sizes that have been calculated at the manufacturing level rather than at the oilfield service sales level. In many cases, what material is in scope and what is out of scope is clear cut, material that is classified as mineral has been excluded. Where it is not so clear, as in the case of insoluble salts or the usage of material produced on-site, judgment has been made by the analysts based on discussions with industry experts. Chemicals in scope have been categorized in three different ways: process application, by type, and by chemical function. The oilfield process chemicals current market is assessed, along with past market performance. Projected sales for the industry as a whole are forecasted by application, type, and function. The market is assessed on a worldwide scale. Impacts of the oil and gas industry are explained. The potential effects of political, environmental legislation, and energy policies are also considered.
THIS REPORT CONTAINS
The global oilfield chemicals market is projected to increase at a compound annual growth rate (CAGR) of 5.7% between 2010 and 2015 as the drilling activities return and production rates are stimulated and new wells brought online. The market should reach a value of $8.2 billion at the manufacturing level by 2015, from a value of $6.2 billion in 2010.
Drilling-related chemicals accounted for 52% of the total 2009 market. It is projected that by 2015, drilling-related chemicals will increase to 55% to 56% of the oilfield chemicals market. This sector is worth an estimated $2.3 billion in 2010 and is expected to be worth $3 billion in 2015, a 5.7% compound annual growth rate (CAGR).
The largest growth rate by process application is expected in chemical-related EOR applications. This sector is valued at $192 million in 2010 and is projected to reach $283 million by 2015, an 8.1% compound annual growth rate (CAGR).
For more information kindly visit : http://www.bharatbook.com/detail.asp?id=167491&rt=Oilfield-Process-Chemicals-Global-Markets.html
Related Reports
World Oilfield Chemicals to 2014
http://www.bharatbook.com/detail.asp?id=161532&rt=World-Oilfield-Chemicals-to-2014.html
The Oilfield Chemicals Market 2010-2020
http://www.bharatbook.com/detail.asp?id=158416&rt=The-Oilfield-Chemicals-Market-2010-2020.html
Or
Contact us at :
Bharat Book Bureau
Tel: +91 22 27578668
Fax: +91 22 27579131
Email: info@bharatbook.com
Website: www.bharatbook.com
Follow us on twitter: http://twitter.com/3bbharatbook
by: Bharat Book Bureau
Polyvinyl Chloride (pvc) Global Market Dynamics To 2020 - Construction Industry Drives The Global Xylenes Global Market Dynamics To 2020 - Polyester Fiber Market In Asia Pacific Drives The Global Xylenes Global Supply Dynamics To 2020 - Middle East And China Witnessing Huge Growth In Production High Density Polyethylene (hdpe) Global Market To 2020 - Middle East Expected To Emerge As The Key Timex Global Trainer Speed and Distance with Heart Rate GPS Watch How Come Renault Become The Global Giants That They Have Become? Will High-Priced Oil Kill Globalisation? Of Nigeria's Hand-To-Mouth Economy Farm Craft 2 - Global Vegetable Crisis Growth of Search Engine Marketing Globally Global Domains International Review - Is GDI a Legitimate Home Based Business? Water System Biofilm Control and Microbial Monitoring Myths - Webinar By GlobalCompliancePanel Can Efoods Global Enable You To Earn Revenue?