Global oilfield chemical demand will rise 8.6 percent annually through 2014, driven by a recovery in the oil and gas industry and higher oil and gas prices. North America will remain the dominant region while Central and South America grows the fastest. Stimulation and enhanced oil recovery chemicals will lead gains.
This study analyzes the $13.7 billion world oilfield chemical industry. It presents historical demand data for the years 1999, 2004 and 2009, and forecasts for 2014 and 2019 by product (e.g., drilling fluids, stimulation and enhanced oil recovery chemicals, production chemicals, completion and workover fluids), world region and for 26 countries.
The study also considers market environment factors, details industry structure, evaluates company market share and profiles 38 industry participants, including M-I SWACO, Baker Hughes and Halliburton.