Oilfield Chemicals Market is projected to reach $35.0 billion and industry growing at a CAGR of 3.2% from 2021 to 2030
The global oilfield chemicals industry was pegged at $23.4 billion in 2010, and is estimated to reach $35.0 billion by 2030, growing at a CAGR of 3.2% from 2021 to 2030. Allied Market Research recently published a report, titled, "Oilfield Chemicals Market by Product (Corrosion & Scale Inhibitors, Demulsifier, Surfactants, and Others) and Application (Drilling, Cement, Stimulation, and Production): Global Opportunity Analysis and Industry Forecast, 2021–2030". Drivers, restraints, and opportunities Rise in drilling activities and surge in oil & gas exploration and production have boosted the growth of the global oilfield chemicals market. However, surge in trend of renewable energy and crude oil price volatility hinder the market growth. On the contrary, aging oil field reservoirs and reserves in South China Sea would open new opportunities in the future. Get inside Scoop of the report, request for sample PDF @ h...