Global demand for oilfield chemicals will grow 5.7 percent annually through 2012. Gains will be driven by continuing growth in oil and gas production, and high levels of rotary drilling rigs in use and of wells drilled. North America will remain the dominant market while Latin America and the Asia/Pacific region will grow the fastest.
This study analyzes the $15.2 billion world oilfield chemical industry. It presents historical demand data for the years 1997, 2002 and 2007, and forecasts for 2012 and 2017 by type (e.g., drilling fluids, oilfield cement and cement additives, production chemicals, stimulation and EOR chemicals, completion and workover fluids), world region (e.g., North America, Asia/Pacific, Africa/Mideast) and for 27 countries.
The study also considers market environment factors, details industry structure, evaluates company market share and profiles 38 industry players, including M-I SWACO, Baker Hughes and Halliburton.