Production Chemicals Market by Type , by Oilfield Type , and Region - Global Trend & Forecast to 2020

1. MarketsandMarkets Presents Production Chemicals Market worth $6,173.5 Million by 2020 https://www.marketsandmarkets.com/Market-Reports/production-chemicals-market-224156113.html

2. The report “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” defines and segmentsthe production chemicals  market with an analysis and forecast for types, and applications by volume as well as value. Browse 89 market tables and 46 figures spread through 143 pages and an in-depth TOC on Production Chemicals Market Get The PDF Brochure For This Report: https://www.marketsandmarkets.com/pdfdownload.asp?id=224156113 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. https://www.marketsandmarkets.com/Market-Reports/production-chemicals-market-224156113.html

3. Scope of the report: Global production chemicals market is estimated at $ 4,452.0 Million in 2014 and projected to reach a market size of $ 6,173.5 Million in 2020, registering a CAGR of 5% to 6% during the same period. • Production chemicals are used in the oilfield operations mainly to improve production maintenance & transport and eventually the recovery from reserves. Increasing oil production, extraction of oils from technologically challenging hydrocarbon geologies, and necessity of better extraction are boosting interest in the market. https://www.marketsandmarkets.com/Market-Reports/production-chemicals-market-224156113.html

4. Industry Insights: Global production chemicals market is estimated at $ 4,452.0 Million in 2014 and projected to reach a market size of $ 6,173.5 Million in 2020, registering a CAGR of 5% to 6% during the same period. Production chemicals are used in the oilfield operations mainly to improve production maintenance & transport and eventually the recovery from reserves. Increasing oil production, extraction of oils from technologically challenging hydrocarbon geologies, and necessity of better extraction are boosting interest in the market. Request Sample of the report: https://www.marketsandmarkets.com/requestsample.asp?id=224156113 This market is driven by increasing production of crude oil, growing drilling activities, and pursuing development and production from established/ageing Fields. The demand for production chemicals is increasing in enhanced oil recovery application as EOR activities are rising globally to enhance crude oil production from mature or declining reserves. The Asia-Pacific region is estimated to be the fastest-growing region as increasing number of oilfields are being explored and turned over in this region. Countries such as China, Malaysia, Thailand, and Indonesia are registering a high growth in the region. https://www.marketsandmarkets.com/Market-Reports/production-chemicals-market-224156113.html

5. Industry Leaders: The manufacturers of production chemicals mainly focus on mergers and acquisitions to expand their product portfolio for various applications as well as deepen their market reach. The pending acquisition of Baker Hughes by Halliburton is a major example of an acquisition in this market. The acquisition of Nalco Holdings (U.K.) and Champion Technologies (U.K.) by Ecolab (U.K.) was another significant example in this market. Expansion was also a preferred strategy of the companies. Expansion into growing markets such as Asia-Pacific, Brazil, and the Middle East has been and will be the key success for production chemicals producers if they intend to increase their overall sales and revenue. Geographical Scenario: The Middle Eastern and African region dominated the production chemicals market in 2014, globally. The U.S., Saudi Arabia, Iran, and Russia are the major countries with a huge demand for production chemicals. Latin America is projected to witness the highest growth rate of 6.9% between 2015 and 2020 for the market. https://www.marketsandmarkets.com/Market-Reports/production-chemicals-market-224156113.html

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