According to ChemAnalyst report, ?Oilfield Chemicals Market: Plant Capacity, Production, Operating Efficiency, Demand & Supply, Technology, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030?, oilfield chemicals market has shown promising growth in the past five years and is anticipated to achieve a CAGR of 5.55% during the forecast period. Increasing shale oil extraction coupled with rise in deep water drilling operations is projected to drive the demand of oilfield chemicals for the forecast period. In addition, the rise in offshore drilling operations in Middle East is also supporting demand rise. Furthermore, the increasing need of petroleum-based fuel in the transport industry is also going to generate demand growth. Increasing efforts towards clean energy alternatives is going to hamper the demand during the forecast period.