Chemicals

Production Chemicals Market Forecast 2024-2033: Projected CAGR, Key Drivers, And Trends

Overview and Scope
Production chemicals refer to a diverse group of substances manufactured and utilized in various industries, including agriculture, pharmaceuticals, construction, and manufacturing. It play a crucial role in ensuring the efficiency, safety, and environmental sustainability of industrial operations.

Sizing and Forecast
The production chemicals market size has grown strongly in recent years. It will grow from $6.16 billion in 2023 to $6.68 billion in 2024 at a compound annual growth rate (CAGR) of 8.4%. The growth in the historic period can be attributed to rising demand for oil and gas exploration and production, rising demand for specialty chemicals, growth in deepwater drilling projects, growth of enhanced oil recovery (EOR) market, need for water management solutions.

To access more details regarding this report, visit the link:
https://www.thebusinessresearchcompany.com/report/production-chemicals-global-market-report

Segmentation & Regional Insights
The production chemicals market covered in this report is segmented –

1) By Type: Demulsifiers, Corrosion Inhibitors, Scale Inhibitors, Asphaltene Inhibitors, Biocides, Scavengers, Surfactants, Other Types
2) By Oilfield Type: Onshore, Offshore
3) By Application: Cementing, Production Chemicals, Drilling Fluids, Improved Oil Recovery, Well Stimulation, Other Applications

North America was the largest region in the production chemicals market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the production chemicals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Intrigued to explore the contents? Secure your hands-on sample copy of the report:

https://www.thebusinessresearchcompany.com/report/production-chemicals-global-market-report

Major Driver Impacting Market Growth
The increasing demand for oil and gas is expected to propel the growth of the production chemicals market going forward. The demand for oil and gas is increasing due to economic growth, population increase, industrialization, transportation needs, petrochemical demand, and weather patterns. Production chemicals play a crucial role in the oil and gas industry by helping to optimize production, enhance operational efficiency, and ensure the integrity of production equipment. For instance, according to the Energy Information Administration (EIA), a US-based principal agency of the Federal Statistical System, in 2021, global oil consumption experienced a notable surge of 5.5 million barrels per day compared to the consumption levels in 2020. Therefore, the increasing demand for oil and gas is driving the growth of the production chemicals market.

Key Industry Players
Major companies operating in the production chemicals market are BASF SE, Dow Inc., Mitsubishi Chemical Corporation, Schlumberger Limited, Baker Hughes Company, Evonik Industries AG, Halliburton Company, Sasol Limited, Solvay S.A., Chevron Phillips Chemical Company LLC, Ecolab Inc., Akzo Nobel N.V., Huntsman Corporation, Albemarle Corporation, FMC Corporation, Clariant AG, SNF Group, Kemira Oyj, Stepan Company, Croda International Plc, Ashland Global Holdings Inc., Innospec Inc., W. R. Grace & Co., Cabot Corporation, Calumet Specialty Products Partners, L.P., LANXESS AG, Lonza Group Ltd.

The production chemicals market report table of contents includes:

1. Executive Summary

2. Production Chemicals Market Characteristics

3. Production Chemicals Market Trends And Strategies

4. Production Chemicals Market – Macro Economic Scenario

5. Global Production Chemicals Market Size and Growth
.
.
.

32. Global Production Chemicals Market Competitive Benchmarking

33. Global Production Chemicals Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Production Chemicals Market

35. Production Chemicals Market Future Outlook and Potential Analysis

36. Appendix

Explore the trending research reports from TBRC:

https://www.thebusinessresearchcompany.com/search

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293

Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Good PR News

Recent Posts

Clinical Trial Imaging Market Growth Drivers, Major Players And Forecast 2033

The clinical trial imaging global market report 2024from The Business Research Company provides comprehensive market…

6 mins ago

Cancer Supportive Care Drugs Market Share Analysis, Size, Share, Trends And Growth Analysis 2033

The cancer supportive care drugs global market report 2024from The Business Research Company provides comprehensive…

11 mins ago

Waste Management Software Market Report 2024 – Waste Management Software Market Size, Share And Trends | SAP SE, Wastebits LLC, ReMatter

The waste management software market size is expected to see strong growth in the next…

15 mins ago

Business Process Documentation Tools Market Share Analysis, Growth And Forecast To 2033

The business process documentation tools global market report 2024 from The Business Research Company provides…

16 mins ago

End Of Life Planning Market 2024 – By Size, Share, Growth And Industry Report 2033

The end of life planning global market report 2024from The Business Research Company provides comprehensive…

18 mins ago

Dental Implants And Prosthetics Contract Manufacturing Global Market 2024 – Increasing Demand, Emerging Trends, Growth Opportunity And Outlook 2033

The dental implants and prosthetics contract manufacturing global market report 2024from The Business Research Company…

27 mins ago