World Demand for Oilfield Chemicals to Reach $33 Billion in 2019

摘要

World demand for oilfield chemicals is forecast to increase 6.0 percent per year to $33 billion in 2019 as technological advances and a healthy level of oil and gas exploration and development activity drive gains. While the decline of oil prices in the second half of 2014 constituted a notable setback, the underlying factors that led to rapid growth in chemical demand will foster a strong rebound by 2019 and will continue to support future gains. The best opportunities will exist for products such as advanced drilling fluids and well stimulation chemicals.