Europe Oilfield Chemicals Market Size

Statistics for the 2023 & 2024 Europe Oilfield Chemicals market size, created by Mordor Intelligence™ Industry Reports. Europe Oilfield Chemicals size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of Europe Oilfield Chemicals Industry

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Europe Oilfield Chemicals Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR > 5.00 %
Market Concentration Low

Major Players

Europe Oilfield Chemicals Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Europe Oilfield Chemicals Market Analysis

The Europe oilfield chemicals market is expected to record a CAGR of over 5% during the forecast period.

  • COVID-19 negatively impacted the market in 2020. The nationwide lockdowns and stringent social distancing mandates led to supply chain disruptions across different market segments. However, the market is expected to grow steadily owing to increasing investments in exploration and drilling and demands for energy in the European region.
  • The major factors driving the market studied are the increased shale gas exploration and production and the rising demand for petroleum-based fuel from the transportation industry. Environmental sustainability in shale gas extraction is expected to hinder the market's growth. New horizons opened up due to offshore drilling operations are likely to act as an opportunity in the future.

Europe Oilfield Chemicals Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)