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Specialty Oilfield Chemicals Market 2021 Global Analysis, Growth, Size, Share, Trends, Forecast to 2026
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Market Research Future (MRFR) projects the
Oilfield Chemicals Market is anticipated to procure a market value of USD 1.56 billion while expanding at a CAGR of 4.6% by 2025, predicts Market Research Future (MRFR).
The increasing oil exploration and production activities are expected to be a significant factor that can drive the market during the forecast period. The rising demand for advanced drilling fluids and the increasing deep-water & ultra-deep-water drilling projects are other salient factors that can develop the market during the analysis timeframe. The rapid expansion of shale oil & gas drilling & production is expected to be a crucial factor that is likely to strengthen the industry in the forthcoming time. In addition, the emergence of eco-friendly oilfield chemicals is anticipated to offer significant opportunities for market expansion in the coming tenure. However, the fluctuating crude oil price and the rising concerns regarding the environment are projected to hamper
1-Decene Market worth $798 Million by 2025 - Exclusive Report by MarketsandMarkets 1-Decene Market by Derivative (Polyalphaolefins (Synthetic Lubricants, and Others), Oxo Alcohols (Plasticizer and Detergent Alcohols)), and Region - Global Forecast to 2025 , published by MarketsandMarkets, the 1-Decene Market is projected to reach USD 798 million by 2025, at a CAGR of 6.7% from USD 576 million in 2020.
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The growth of the 1-Decene Market is primarily triggered by the increasing demand for PAO-based synthetic lubricants. Moreover, growing industrial activities in Middle East & Africa and Asia Pacific (APAC) is another factor driving the 1-Dcene market. Polyalphaolefins (PAOs) have gained acceptance as a high-performance lubricant as they possess highly desi
The growth of the 1-Decene Market is primarily triggered by the increasing demand for PAO-based synthetic lubricants. Moreover, growing industrial activities in Middle East & Africa and Asia Pacific (APAC) is another factor driving the 1-Dcene market. Polyalphaolefins (PAOs) have gained acceptance as a high-performance lubricant as they possess highly desirable characteristics, such as high viscosity index, thermal stability, oxidative stability, compatibility with mineral oils, and low toxicity. PAOs not only offer the advantages of technical performance but also preserve the environment in certain sensitive applications. PAO-based synthetic lubricants offer superior performance in offshore drilling applications, where environmental concerns are high. In addition, certain PAOs are biodegradable and thus can be used as substitutes for vegetable-based oils. The PAO-based synthetic lubricants tend to eliminate the performance errors associated with drilling operations.
Oil Field Chemicals Market - Global Industry Analysis, Size, Share, Trends, Growth and Forecast 2021
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