June 6, 2011
Bharatbook.com introduce market report about 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.
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).
STUDY GOALS AND OBJECTIVES
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 world’s 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.
For more information kindly visit:
2010 Advanced Materials Research Review
2010 Chemicals Research Review
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