IHS chemical company's latest research report shows that 2014 hydraulic fracturing activity worldwide continues to grow, chemicals associated with consumption closer to $ 8.6 billion, the United States and Canada reached $ 8 billion, compared to about 94%. Led by the 2014 global oilfield chemicals market increased from $ 25 billion in 2010 and the value is only $ 16 billion. Chemical company head of inorganic chemicals and mining products IHS Stefan Schlag pointed out that in the past 5 years, an unprecedented growth in the oilfield chemicals market, mainly due to the North American shale oil and gas resource development and production of fast-moving effect. The next few years, oil field chemicals demand will continue to grow, but due to the fall in crude oil prices inhibit the action of shale drilling new wells, its growth will slow significantly.

drilling activity clearly inhibited

oilfield chemicals is usually divided into drilling chemicals, well cementing and stimulation yield such chemicals as well as three categories of oil production chemicals. Drilling class chemicals main for lubrication bit, and control formation pressure and removal drilling process in the produced of rock chip, this class chemicals can is oil base or water base chemicals, main depends on geological structure; solid well class chemicals main for fixed pipe or casing and drilling wall; oil mining class chemicals for from drilling hole produced oil to delivered refinery factory process in the of all stage......