Freedonia In The News
Article Title: Freedonia: US demand growth for oil field chemicals to exceed 4%/year
Publication: Oil & Gas Journal, 9/24/2009
Freedonia Study: Oilfield Chemicals (2546)
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Demand for oil field chemicals in the US will reach $10.7 billion in 2013, according to a new study by the Freedonia Group Inc., Cleveland, Ohio. Although industry’s growth trajectory during 2009-13 will be uneven, this increase represents an average 4.4%/year growth.
The end of the forecast period will see a pronounced slump in demand short term, followed by a strong recovery. Oil and gas pricing, says the study, will be mainly responsible for the decline and rebound.
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