'The global oilfield chemicals market will reach $17.65bn in 2011' says visiongain report

Oct. 25, 2011 - PRLog -- Oilfield chemicals are essential for improved field operations and to enhance the results of drilling, completion, stimulation, production and improve oil recovery. The market for oilfield chemicals is gaining strength as oil recovery from existing fields faces challenges of peak oil and enhanced chemical recovery is required to achieve maximum output. It is also becoming difficult to recover oil from new oil and gas fields most of which lie in remote and hostile environments where extraction relies solely on drilling fluids. Visiongain's The Oilfield Chemicals Market 2011-2021 report calculates the global oilfield chemicals market will reach $17.65bn in 2011.

There is an escalating emphasis on the production of unconventional crude oil such as heavy crudes produced from Alberta's oil sands and Venezuela's Orinoco Belt because light sweet crude oil is in short supply. Production of these heavier crudes often requires greater use of corrosion inhibitors, emulsion breakers and other chemicals. A combination of high oil prices, the need to extract more technologically challenging hydrocarbon geologies, and the requirement of more efficient extraction are boosting interest in the oilfield chemicals market. Over the forecast period there is likely to be strong growth in the oilfield chemicals market as a number of countries look to produce from challenging oil geologies and more efficiently from conventional wells.

Though the industry will be faced with the restraints of proving the effectiveness of some new chemicals, overcoming environmental concerns, and confronting a weak global economy, the oilfield chemicals market is likely to provide substantial opportunities for potential investors. This report offers an examination of the oilfield chemicals market over the next decade, providing detailed market forecasts for the regional markets with analysis of the largest national markets. The report offers in-depth analysis of the opportunities and challenges facing companies in the oilfield chemicals market throughout the world.

The report also describes the most important technological changes within the oilfield chemical industry and assesses their importance for the growth of the market over the long-term. The various drivers and restraints of the market are evaluated in order to provide readers with specific insights into the future direction of the oilfield chemicals market.

Visiongain's The Oilfield Chemicals Market 2011-2021 report details the prospects for this dynamic energy sector with detailed forecasts from 2011-2021. The report will be valuable to those already involved in the oilfield chemicals market or to those wishing to enter this important market in the future. The Oilfield Chemicals Market 2011-2021 report includes 78 tables, charts and graphs quantifying and forecasting the market in detail, and provides forecasts for the 6 leading regional markets and 6 technological submarkets. In addition, the report offers profiles of 33 of the leading companies involved in the oilfield chemicals business.

For sample pages and further information on The Oilfield Chemicals Market 2011-2021 report please visit http://www.visiongain.com/Report/705/The-Oilfield-Chemica...
For an executive summary or further information please contact:
Email: Sara Peerun on sara.peerun@visiongainglobal.com Tel: +44 (0) 20 7336 6100

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Notes for Editors

If you are interested in a more detailed overview of this report, please send an e-mail to sara.peerun@visiongainglobal.com or call her on +44 (0) 207 336 6100

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Visiongain is one of the fastest growing and most innovative independent media companies in Europe. Based in London, UK, visiongain produces a host of business-2-business conferences, newsletters, management reports and e-zines focusing on the Energy, Telecoms, Pharmaceutical, Defence, Materials sectors.

Visiongain publishes reports produced by its in-house analysts, who are qualified experts in their field. Visiongain has firmly established itself as the first port-of-call for the business professional, who needs independent, high quality, original material to rely and depend on.