Oilfield Surfactants Market is anticipated to hit $1.09 billion by 2023 at a CAGR of 4.65%.
North Americas region holds the largest market share and growth in the Oilfield Surfactants Market and is anticipated to reach $320.15 million by 2023 at a CAGR of 4.51%. However, Middle East and Africa will witness highest growth during the forecast period and is expected to
reach $302.3 million by 2023 at a CAGR of 6.04%. North Americas Oilfield Market is mainly driven by the shale bloom in the U.S.A.. Recent discovery of shale oilfields in this region has paved the way to meet this increase in demand.
Selected Analysis Done in the Full Report: All the manufacturers in the market place have their own in-house facilities used to convert raw materials into end products. This forms the main reason why many of the manufacturers in the market place have their own units for production of oil-field surfactants.
Value chain for oil-field surfactants has been established as an interdependent and complex network comprising of raw material providers, downstream processes, environmental agencies, distributors, end users and petroleum research institutes. Contact : [email protected]
Excerpts on Market Growth Factors Mentioned in the Full Report:
The anionic surfactants are the dominant type, accounting for 37% of the total share owing to the ability to withstand high temperature and pressure. Amphoteric surfactants are best used for corrosion inhibition and are used in enhanced oil recovery technology such as steam flooding.
Growing interest in bio-based oil surfactants is set to propel market growth of this niche category. Environmental concerns and decreasing oil prices might restrain oil production impacting market growth.
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The global market for Oilfield Surfactants was estimated at $798.37 million in 2016 and is predicted to witness robust and accelerated growth in the coming years, especially in the oil producing countries such the US, China and members of the OPEC.
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