Specialty Chemicals

The oil field chemicals business is important for effective and safe global oil and gas resource extraction. In this regard, corrosion inhibitors, biocides, scale inhibitors, and demulsifiers are indispensable in production optimization processes, equipment integrity maintenance, and ecological compliance assurance. Consequently, the requirement for effective oilfield chemicals increases along with rising energy demand, especially from emerging economies. Key drivers of market growth include advanced drilling technologies, increased offshore exploration activities as well as green chemical solutions to adhere to stringent environmental regulations. The market is also supported by new research aimed at improving the performance and sustainability of these chemicals.