Oil Field Chemicals Market trends

Aishwarya1506 Oct, 2022Other

Oil field chemicals are used for exploration of natural resources and at various stages during the production of the gas and oil as corrosion inhibitors, drilling additives, demulsifiers and paraffin dispersants, cementing super plasticizers, and repair system for cementing failures. As the dependency on the oil and gas industry continues, and an increasing number of exploration activities across the world, the demand in the global oil field chemicals market is escalating and is expected to expand at a healthy CAGR during the forecast period of 2016 to 2024.