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Production Chemicals Market worth $6,173.5 Million by 2020

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.

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Production Chemicals Market worth $6,173.5 Million by 2020

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  1. Increasing Crude Oil Production Driving Growth for the Production Chemicals Market 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 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” Download Full PDF Brochure @ http://bit.ly/2uvct74 Early buyers will receive 10% customization on reports. 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 & Africa is the key market for production chemicals” The Middle East & Africa dominated the production chemicals market in 2014 and accounted for over 48% of the market, by value. Country-wise Saudi Arabia is the largest market for production chemicals globally. Companies such as Schlumberger, Exxon Mobil, and Halliburton are two of the biggest players in the country. The U.S. is the second-largest production chemicals consumer in the world. The growth in the PP catalyst industry is anticipated to come from biocides and scavengers market due to stringent regulations being imposed in Europe and the U.S. Future growth in the international market hinges heavily onto developing economies, especially in Asia-Pacific. China, Malaysia, and Indonesia, especially, stand out as noteworthy emerging markets. The future scenario in Asia-Pacific looks promising given the number of facility expansions, merger & acquisitions, and strategic partnerships that took place in these countries. The ensuing increase in foreign investments and rise in the number of new manufacturing establishments will make Asia-Pacific as a prime driver of growth for the production chemicals market. “Demulsifiers dominate the production chemicals market with scavengers set to register the fastest growth rate in the market between 2015 and 2020” Demulsifiers took the topmost position in the production chemicals market with around 28% market share by value in 2014. Demulsifiers have propelled the industry forward by making possible the inexpensive and easily controlled production of crude oil. Demulsifiers are used to separate emulsions of oil and water for ease of extraction. Scavenger in oil and gas industry is a chemical substance added to crude oil in order to remove or de-activate impurities in the reaction products, for example, oxygen and hydrogen sulfide, to make sure that they will not cause any unfavorable reactions. Scavengers are set to register the highest growth rate among all types of production chemicals with an anticipated CAGR of 8.1%. They are mostly use to sweeten oil by removing hydrogen sulfide and oxygen from crude oil thereby increasing efficiency of crude oil.

  2. Research Methodology     Research Data Market Size Estimation Market Breakdown & Data Triangulation Research Assumptions Premium Insights      Attractive Market Opportunity for Production Chemicals Middle East & Africa Anticipated to Dominate the Market Asia-Pacific and Latin America: Lucrative Markets for Production Chemicals Players Life Cycle Analysis, By Region Demulsifier Market Share, By Region To Request for sample pages @ http://bit.ly/2vt2IDE About MarketsandMarkets™ MarketsandMarkets™ opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. provides quantified B2B research on 30,000 high growth niche Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact: Mr. Rohan MarketsandMarkets™ 701 Pike Street Suite 2175, Seattle, WA 98101, United States USA : 1-888-600-6441 UK : 44-800-368-9399 sales@marketsandmarkets.com

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