|Global Oilfield Chemicals Market, Forecast to 2025|
|Oilfield Service Investments Driven by New Oil and Gas Field Discoveries to Fuel Market Growth|
Frost & Sullivan’s latest analysis of the global oilfield chemical market reveals that the development of innovative, advanced oilfield chemicals that have superior performance characteristics and are eco-friendly have paved the way for increased application use, premium prices, and market growth. The discovery of new oil and gas fields across different regions along with shale gas and enhanced oil recovery (EOR) expansion activities will further augment growth prospects. Frost & Sullivan forecasts the global oilfield chemical market to account for $33.94 billion by 2025, with a steady CAGR of 5.1% between 2018 and 2025.