Production Chemicals Market - Global Trend & Forecast to 2020 - New Market Study Published

Production Chemicals Market by Type (Demulsifiers, Corrosion Inhibitors, Scale Inhibitors, Asphaltene Inhibitors, Biocides, Scavengers, Surfactants, and others), by Oilfield Type (Onshore and Offshore), and Region - Global Trend & Forecast to 2020

The production chemicals market is projected to reach $ 6,173.5 million by 2020 at a CAGR of 5% to 6% during the same period. The Middle East and Africa accounted for the largest share in 2013 with the U.S. leading the region. In the low penetrated markets of Asia-Pacific and Latin America a high growth is expected while the highly developed North American and European regions are projected to witness moderate growth. In the North American region, growth is expected to be from onshore exploration mainly in the Gulf of Mexico.

The major players in the production chemicals markets are divided into three groups, namely, production chemicals manufacturers, service companies, and production chemicals suppliers/distributors. Akzonobel NV (The Netherlands), Clariant AG (Switzerland), BASF SE (Germany), and DuPont (U.S.) among others are the major production chemicals manufacturers whereas Baker Hughes (U.S.), Halliburton (U.S.), Schlumberger Limited (U.S.), and others are the major service companies in this market. These companies registered significant presence amongst other players in the fragmented global production chemicals market.

Full Report Details at
- http://www.fastmr.com/prod/1024153_production_chemicals_global.aspx?afid=301

Acquisition was the most preferred strategy among the major players in the production chemicals market, globally. The major players are enhancing their technological base, product portfolio, and geographical reach by acquiring other companies. For example, Flotek Industries, Inc. inked an acquisition agreement to acquire certain patents and trade secret from Anthony Rea, via ARC Fluid Technologies thereby extending its nano-Fluid technology into drilling fluids systems. There were some new product launches in the production chemicals market especially for the enhanced oil recovery operations. For example, BASF introduced Aspiro product portfolio for enhanced oil recovery at the SPE Improved Oil Recovery Symposium in Tulsa, U.S.

About Fast Market Research

Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget.

For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156 (1.413.485.7001 Int'l)

You may also be interested in these related reports:

- Chemical Enhanced Oil Recovery (EOR / IOR) Market - Regional Trend & Forecast to 2020
- Global Green Chemicals Market 2014-2018
- Specialty Fertilizers Market - Global Trends & Forecast to 2020
- Agriculture Micronutrient Market - Global Trends and Forecast to 2020
- Seed Market - Global Trends & Forecast to 2020