LONDON, Sept. 2, 2015 /PRNewswire/ -- Well stimulation is
generally carried out to increase the productivity of the wells by
enhancing the flow of hydrocarbons over and above the projected
rate of flow in both green and brown wells. Well stimulation
process can be carried out at any time over the lifespan of the
well. Generally, well stimulation processes are carried out at the
time of well completion in almost all new wells in order to provide
the necessary stimulus to increase oil well output.
North America is the largest
market for oilfield stimulation chemicals, globally. There has been
rapid exploration of shale gas and oil reserves in North America. This has brought about
significant changes in the specialty oilfield chemicals market in
the recent past. Moreover, current advances in horizontal drilling,
hydraulic fracking, availability of water for fracking, and mineral
rights licensing are contributing to the rapid development of shale
gas and oil reserves in the North American region. Friction
reducers are the fastest-growing type of chemical in the oilfield
stimulation chemicals market. As the high flow velocity and
pressure of water injected into the well,can cause undesirable
friction within the wells, an efficient oilfield stimulation
process requires large volumes of water to be pumped at high
pressure in a short period of time.
This study estimates the market size, in terms of value, for
oilfield stimulation chemicals market and projects the same by
2020. As a part of the quantitative analysis, the study segments
the market by types, applications, and regions and projects the
market size till 2020. The countries covered in the report are
China, Indonesia, Malaysia, India, South
Korea, Brazil, Germany, U.K., Poland, Italy, Mexico, Canada, and the U.S. The segmentation by types
includes friction reducers, surfactants, gelling agents, corrosion
& scale inhibitors, acids, and others. The segmentation by
applications includes hydraulic fracturing, matrix acidization,
acid fracking, and others. Further, as a part of the qualitative
analysis, the research provides a comprehensive review of important
market drivers, restraints, opportunities, burning issues,
challenges, and key issues in the market. It also includes company
profiling and competitive strategies adopted by different market
players, including BASF SE (Germany), Chevron Philips (U.S.), E.I Dupont
(U.S.), Dow Chemical (U.S.) and Ashland Inc. (U.S.).
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