San Francisco, April 10, 2015 – Increasing energy demand and burgeoning hydrocarbon E&P initiatives are projected to positively drive the global oilfield chemicals market. Oilfield chemical applications are varied as they cater to a host of oilfield activities such as drilling, completion, production, cementing and enhanced oil recovery (EOR), to name a few. Growing EOR usage to squeeze out more hydrocarbons from the maturing fields along with an increasing offshore exploration drive is expected to bolster the global market. Global tendency to emulate North America’s shale gas success is slated to play a key role in the global oilfield chemicals market development. Stringent regulations and policies regarding oilfield chemical usage and disposal are anticipated to hamper the global market. Crude oil price volatility coupled with the recent dip in oil prices is presumed to further retard market development over the forecast period. Geopolitics as well as unstable political situations.
http://www.grandviewresearch.com/industry-analysis/specialty-oilfield-chemicals-market
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