The production chemicals market involves various chemicals used in oil & gas production activities that increase oil recovery from reservoirs and help sustain well productivity over the lifetime of an oil or gas field. Production chemicals provide optimized solutions for formation damage issues, wax and scale deposits, corrosion and microbiological growth. They play a vital role in enhancing the productivity of wells by modifying the properties of fluids or the surface of solids in the Production Chemicals Market Share. Some of the major production chemicals used include demulsifiers, corrosion & scale inhibitors, biocides, surfactants, H2S scavengers and others.

The Global production chemicals market is estimated to be valued at US$ 7.44 Bn in 2024 and is expected to exhibit a CAGR of 6.2% over the forecast period 2024 to 2031.

Key Takeaways

Key players operating in the production chemicals market are ASF SE, Clariant, Halliburton, Ecolab, Schlumberger Limited., Akzo Nobel N.V., Baker Hughes, Croda International Plc, Dow, The Lubrizol Corporation, Stepan Company, Kemira, NALCO India., Solvay, Huntsman International LLC, Chemcon Speciality Chemicals Ltd., Universal Oil Field Chemical Pvt.Ltd, Imperial Oilfield Chemicals Private Limited, REDA Oilfield, and Indian Oil

The growth in oil & gas exploration and production activities especially in regions like North America and Asia Pacific along with increasing demand for enhanced oil recovery techniques are the major factors driving the demand for production chemicals. Production chemicals help in maximizing well productivity, extending field life along with decreasing operation cost which benefits oilfield operators.

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