Production Chemical Market was valued at USD 6.57 billion in 2021 and is expected to reach USD 10.16 billion by 2029, registering a CAGR of 5.59% during the forecast period of 2022-2029. The “offshore” segment accounted for a sizable portion of the production chemicals market due to their microbial attack inhibition capabilities. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.

Production chemicals are used to improve hydrocarbon recovery from wells. They are primarily used in oilfield operations to improve production maintenance and transportation, as well as reserve recovery. These chemicals are used in production to achieve peak performance and increase the efficiency of oil recovery.

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Some of the major players operating in the production chemical market are:

• Secure Energy (Canada)
• Halliburton (U.S.)
• Exterran Corporation (U.S.)
• Chevron Phillips Chemical Company (LLC (U.S.)
• Clariant (Switzerland)
• Croda International plc (UK)
• RCS Group of Companies (Canada)
• Schlumberger Limited (U.S.)
• Baker Hughes Company (U.S.)
• Shell (Netherlands)
• BP Plc (UK)

Global Production Chemical Market Scope:

The production chemical market is segmented on the basis of type, oilfield type and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• Demulsifiers
• Scale Inhibitors