Oilfield Chemicals Market is expected to generate a revenue of USD 38.09 Billion by 2031, Globally, at 5.31% CAGR: Verified Market Research®

GlobeNewswire Inc. • Jan 10, 2026 10:49am (New York) •By Verified Market Research®

Oilfield Chemicals Market is expected to generate a revenue of USD 38.09 Billion by 2031, Globally, at 5.31% CAGR: Verified Market Research®

The global oilfield chemicals market is projected to grow at a CAGR of 5.31% from 2024 to 2031, reaching USD 38.09 billion by 2031 from USD 25.18 billion in 2024. Growth is driven by rising demand for enhanced oil recovery, sustainable drilling solutions, and technological advancements in shale gas extraction. However, the market faces challenges from fluctuating crude oil prices, stringent environmental regulations, and supply chain disruptions. North America dominates the market due to its extensive shale industry and advanced drilling technology.

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Insights

ALB positive

Identified as a key market player positioned to benefit from rising demand for oilfield chemicals, particularly in enhanced oil recovery and sustainable drilling solutions.

Keywords

#oilfield chemicals #enhanced oil recovery #market forecast #shale gas extraction #sustainable drilling #crude oil prices #environmental regulations #supply chain disruptions

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ALB ALBpA BKR AKZOY BASFY CLZNY

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