Global Oilfield Surfactants Market to Post a 6.1% CAGR in 2022, Says Stratistics MRC in Its Insightful Report Recently Added at MarketPublishers.com25 Jul 2016 • by Natalie Aster
LONDON – The global oilfield surfactants market is predicted to follow a growth trend during 2016-2022, experiencing a CAGR of 6.1%. The market is likely to be assessed at USD 1.57 billion in end-2021 in comparison to USD 1.04 billion in 2015.
The world’s market for oilfield surfactants will be on the rise driven by a number of favourable factors like extensive usage of CO2 oil recovery technology, escalating demand for bio-based surfactants, strict regulation norms and non-toxicity. Other significant growth drivers of the world oilfield surfactants market include new projects, substantial investments in APAC and Africa, increasing awareness of utilization and management of industrial and agricultural wastes. Nevertheless, the market growth could be slowed down by certain environmental issues, falling oil prices and tight regulations and standards.
APAC accounts for the largest share in the overall oilfield surfactants market, while the market shares of North America and Europe are also expected to grow at the brisk rate in the offing.
Surfactants in personal care product segment is anticipated to offer the best growth prospects for the oilfield surfactants market players. Meantime, cleaning products segment is predicted to experience moderate growth.
Recently elaborated by Stratistics MRC report “Oilfield Surfactants - Global Market Outlook (2015-2022)” offers a detailed review of the global market for oilfield surfactants. The research publication reviews key market development strategies, new product launches, the latest acquisitions and mergers, etc. Moreover, the report includes a detailed analysis of the world oilfield surfactants market on the basis of substrate, product, application, end-use area and geography. In addition, this report explores the market dynamics, including factors driving and hindering the market growth. Valuable data on the competitive landscape within the market and profiles of top market participants are available in this in-demand report. Future market forecasts up to 2022 are provided here as well.
More insightful studies elaborated by Stratistics MRC are available in this catalogue.