The global market value for oilfield chemicals stood at approximately 30.8 billion dollars in 2023. Oilfield chemicals are chemicals that are designed to enhance the efficacy of various use cases in the oilfield, most commonly as hydrocarbon dispersants and to inhibit corrosion. It is projected that by 2031, the market value could increase to about 43.7 billion dollars.
Additional information on the specialty chemicals market can be found here.
Market value of oilfield chemicals worldwide from 2021 to 2023, with a forecast from 2024 to 2031
(in billion U.S. dollars)
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Extrapolate. (February 29, 2024). Market value of oilfield chemicals worldwide from 2021 to 2023, with a forecast from 2024 to 2031 (in billion U.S. dollars) [Graph]. In Statista. Retrieved December 25, 2024, from https://www.statista.com/statistics/1479037/global-oilfield-chemicals-market-value/
Extrapolate. "Market value of oilfield chemicals worldwide from 2021 to 2023, with a forecast from 2024 to 2031 (in billion U.S. dollars)." Chart. February 29, 2024. Statista. Accessed December 25, 2024. https://www.statista.com/statistics/1479037/global-oilfield-chemicals-market-value/
Extrapolate. (2024). Market value of oilfield chemicals worldwide from 2021 to 2023, with a forecast from 2024 to 2031 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: December 25, 2024. https://www.statista.com/statistics/1479037/global-oilfield-chemicals-market-value/
Extrapolate. "Market Value of Oilfield Chemicals Worldwide from 2021 to 2023, with a Forecast from 2024 to 2031 (in Billion U.S. Dollars)." Statista, Statista Inc., 29 Feb 2024, https://www.statista.com/statistics/1479037/global-oilfield-chemicals-market-value/
Extrapolate, Market value of oilfield chemicals worldwide from 2021 to 2023, with a forecast from 2024 to 2031 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1479037/global-oilfield-chemicals-market-value/ (last visited December 25, 2024)
Market value of oilfield chemicals worldwide from 2021 to 2023, with a forecast from 2024 to 2031 (in billion U.S. dollars) [Graph], Extrapolate, February 29, 2024. [Online]. Available: https://www.statista.com/statistics/1479037/global-oilfield-chemicals-market-value/
