Global Oilfield Chemicals Market 2019: Opportunities, Growth Rate, and Development Strategies

The Global Oilfield Chemicals Market research report is a well thought out examination of global Oilfield Chemicals industry which revolves around numerous vital market angles such as contemporary trends, market driving factors, growth-boosting factors, dynamics, and driving forces that help the market to exhibit better performance. Industry environment, market segmentation, rivalry scenario, precise market trend forecast, market scanning, monitoring, and positioning are also underscored in the report. The Oilfield Chemicals market has the potential to influence the global market and international economic structure consequently.

Spotlight

Vivion, Inc.

Vivion, Inc. is a trusted ingredient and chemical supplier with products to serve the Food, Nutritional, Pharmaceutical, Cosmetic, Personal Care, Agricultural and Industrial markets. We have nearly sixty years in business and a vast offering of products that continues to grow. With five offices and five distribution centers located across the West Coast you can find us locally in San Francisco, Los Angeles, Oregon, Utah and Arizona. The entire Vivion team is dedicated to providing our customers with high quality products, superior customer satisfaction, exceptional service and a commitment to excellence that is at the heart of everything we do.

OTHER ARTICLES
Chemical Management

Demographics are reshaping petrochemicals trade flows, investment patterns and demand

Article | July 8, 2022

TEN YEARS AGO, fellowblogger Paul Hodgesand Ifirst highlighted the leading rolethat changing demographics would play in reshaping petrochemicals supply and demand. We have been emphasising the importance of demographics ever since. Demographics have, of course, always been a critical shaper of economies throughout human history. But during the last 70 years, there have been such major changes in demographics that the study of demographics must be at the very heart of your company’s strategy. The Babyboomer generation in the West led to a surge in demand as the rapid increase in babies born in the 1950s and early 1960s joined the workforce from the 1970s onwards. This helps explain high levels of inflation during that decade because too much demand was chasing too little supply. Another driver of inflation was the Middle East embargos against oil exports to the West because of the West’s support for Israel. Then came the 1990s and first the integration of Eastern Europe into the global economy. This helped dampen inflationary pressures because of the plentiful supply of workers in the east willing to work for low wages in export-focused factories. This reduced the cost of finished goods in the West. Next came Deng Xiaoping’s critically important“southern tour”in the early 1990s and China’s gradual integration into the global economy. China increasingly leveraged its very youthful population to again make cheap goods to export to the West. Hundreds of millions of young people were willing to migrate from the countryside to China’s coastal cities to work in export-focused manufacturing plants. The world began to talk about the “China price” and how it was further depressing global inflation.

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Chemical Management

Energy portfolio restructuring: Charting the future

Article | July 22, 2021

Consumer needs and preferences in the energy industry are evolving. Environmental, social and governance (ESG) concerns are becoming more acute—inspiring action and shifting value towards low-carbon solutions. These trends accelerated in 2020 and for the first time, market capitalization of leading low-carbon solutions companies began to overtake those of oil and gas (O&G) majors. This is despite the majors laying out energy transition strategies, setting low carbon energy targets and generating higher revenues by an order of magnitude.1 In response to this radically changing landscape, energy companies are charting divergent courses for their futures. Some continue to bet on their ability to generate returns from the O&G value chain. They are focusing on growing margins and lowering carbon intensity. Others are supplementing their capabilities with low-carbon energy solutions or exiting hydrocarbons altogether. This blog focuses on the path forward for the energy majors in Europe who are betting big on diversification.

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Chemical Technology

Key Trends in the Digital Transformation of the Chemical Industry

Article | July 20, 2022

The chemical business is intricate, with numerous sub-sectors dealing with various challenges. Thus, there are some differences in the sector's main areas of digitalization. For instance, while specialty chemicals with smaller batches but larger profit margins are concerned with improving quality, large factories are concentrated on accelerating throughput speed. To be able to react to quick and repeated changes in demand, supply, and working circumstances, however, every plant must optimize output, reduce waste, improve safety and sustainability, and become more nimble. Therefore, the Industrial Internet of Things (IIoT), artificial intelligence (AI), and cloud computing are expected to be the three most popular applications for digital transformation during the coming two years. Key Trends Production Optimization The first and most valuable use cases of digitalization in chemical plants center on production optimization through improved equipment performance, process automation, remote and predictive monitoring, and simplified maintenance. Chemical factories, which often provide basic chemicals for use as end products in other sectors, have a special responsibility to maintain consistently high product quality. However, doing so can be challenging given the significant variations in raw material supply and quality. In addition, as process engineers can change the mix on the fly in reaction to fluctuations in quality, feedstock, or ambient temperatures, better data and analytics enable finer and more frequent adjustments. Lowering Waste The main advantage of digitally transformed plants so far has been cost reduction. The price volatility of raw materials is a problem for the chemical production sector because customers naturally want constant low prices. Minimizing waste is critical since facilities must contend with rising energy costs. Analytics tools that monitor fluctuating raw material prices aid factories in negotiating the best deals with suppliers and preparing in advance for price spikes. The risk of oversupply is reduced since plants can prepare the proper quantities of various products thanks to more precise demand predictions. Sustainability, Compliance, and Safety The chemical industry is heavily regulated as a result of the quantity of hazardous chemicals and the number of end-use industries that rely on it. Businesses are adopting digital transformation to boost safety awareness, reduce emissions and dangerous flare incidents, and guarantee a transparent and accurate audit trail. Plants that quickly adopt digital solutions for remote monitoring, supply chain visibility, waste reduction, production optimization, raising their safety profile, and opening up new opportunities will profit from higher profits and increased revenue, whereas those that hesitate for too long risk failing in the long run.

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Chemical Technology

Reimagining the Workforce with Anglo American

Article | June 21, 2021

“At Anglo-American, we’re really focused on finding the best ways to attract the most talented people in the industry and effectively equipping our existing workforce based on what they need today and what the future will mean for their careers. We’re also committed to providing learning opportunities that lead to growth and development in the communities in which we operate. Our people are a strategic advantage. We want to ensure that continues to be the case as the mining industry evolves and faces more disruption.

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Spotlight

Vivion, Inc.

Vivion, Inc. is a trusted ingredient and chemical supplier with products to serve the Food, Nutritional, Pharmaceutical, Cosmetic, Personal Care, Agricultural and Industrial markets. We have nearly sixty years in business and a vast offering of products that continues to grow. With five offices and five distribution centers located across the West Coast you can find us locally in San Francisco, Los Angeles, Oregon, Utah and Arizona. The entire Vivion team is dedicated to providing our customers with high quality products, superior customer satisfaction, exceptional service and a commitment to excellence that is at the heart of everything we do.

Related News

Oil giants' chemical lifeline threatened by plastic-trash crisis

Engineering News | June 06, 2019

As the world strives to wean itself off fossil fuels, oil companies have been turning to plastic as the key to their future. Now even that’s looking overly optimistic. The global crackdown on plastic trash threatens to take a big chunk out of demand growth just as oil companies like Saudi Aramco sink billions into plastic and chemicals assets. Royal Dutch Shell, BP, Total and Exxon Mobil are all ramping up investments in the sector. Renewed emphasis on recycling and the spread of local bans on some kinds of plastic products could cut petrochemical demand growth to one-third of its historical pace, to about 1.5% a year, said Paul Bjacek, a principal director at consulting firm Accenture.

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Nanoscale Chemicals Market Historical Development and Analysis for Huge Growth by 2025 with Evolved Players

Thetactical Marketing | June 06, 2019

Global Nanoscale Chemicals Market research report covers the analysis about business overview, market size, share, trends, gross margin, opportunities, challenges and risks factors concerning the market up to 2025. This research report categorizes the Nanoscale Chemicals industry analysis data by top players, key region, product type, and application for Chemicals and Materials industry. The report also analyzes the growth rate, future trends, sales channels, distributors with market historical development and Analysis for Huge Growth by 2025. Global Nanoscale Chemicals market research report offers high-quality insights and in-depth information of Nanoscale Chemicals Industry.

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Storage Tank Explosion Rocks Arkansas Chemical Facility

Powder & Bulk Solids | June 03, 2019

A 6000-gal storage tank exploded at the Org Chem Group chemical processing plant in Hot Springs, AR in the early hours of Friday morning, the Hot Springs Sentinel-Record reported. The blast at the Blacksnake Road site was reported at about 2 a.m., drawing a response from area firefighters and a HAZMAT team, Bo Robertson, the director of Garland County Department of Emergency Management, told the newspaper. A lawyer for the chemical company said in the Sentinel-Record’s coverage that the storage tank was holding about 3000 gal of a liquid composed of 80% water and 20% sodium hydroxide when the explosion occurred. No chemicals were released into the air or the area surrounding the plant and no injuries were logged. The newspaper said operations at the Org Chem Group facility were uninterrupted.

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Oil giants' chemical lifeline threatened by plastic-trash crisis

Engineering News | June 06, 2019

As the world strives to wean itself off fossil fuels, oil companies have been turning to plastic as the key to their future. Now even that’s looking overly optimistic. The global crackdown on plastic trash threatens to take a big chunk out of demand growth just as oil companies like Saudi Aramco sink billions into plastic and chemicals assets. Royal Dutch Shell, BP, Total and Exxon Mobil are all ramping up investments in the sector. Renewed emphasis on recycling and the spread of local bans on some kinds of plastic products could cut petrochemical demand growth to one-third of its historical pace, to about 1.5% a year, said Paul Bjacek, a principal director at consulting firm Accenture.

Read More

Nanoscale Chemicals Market Historical Development and Analysis for Huge Growth by 2025 with Evolved Players

Thetactical Marketing | June 06, 2019

Global Nanoscale Chemicals Market research report covers the analysis about business overview, market size, share, trends, gross margin, opportunities, challenges and risks factors concerning the market up to 2025. This research report categorizes the Nanoscale Chemicals industry analysis data by top players, key region, product type, and application for Chemicals and Materials industry. The report also analyzes the growth rate, future trends, sales channels, distributors with market historical development and Analysis for Huge Growth by 2025. Global Nanoscale Chemicals market research report offers high-quality insights and in-depth information of Nanoscale Chemicals Industry.

Read More

Storage Tank Explosion Rocks Arkansas Chemical Facility

Powder & Bulk Solids | June 03, 2019

A 6000-gal storage tank exploded at the Org Chem Group chemical processing plant in Hot Springs, AR in the early hours of Friday morning, the Hot Springs Sentinel-Record reported. The blast at the Blacksnake Road site was reported at about 2 a.m., drawing a response from area firefighters and a HAZMAT team, Bo Robertson, the director of Garland County Department of Emergency Management, told the newspaper. A lawyer for the chemical company said in the Sentinel-Record’s coverage that the storage tank was holding about 3000 gal of a liquid composed of 80% water and 20% sodium hydroxide when the explosion occurred. No chemicals were released into the air or the area surrounding the plant and no injuries were logged. The newspaper said operations at the Org Chem Group facility were uninterrupted.

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