The Asia-Pacific Oilfield Chemicals Market size is estimated at USD 2.21 billion in 2024, and is expected to reach USD 2.77 billion by 2029, growing at a CAGR of greater than 4.5% during the forecast period (2024-2029).
The COVID-19 pandemic negatively affected the oil and gas industry, which in turn affected the oilfield chemicals market in the Asia-Pacific region. However, post-COVID-19, the rising demand from the oil and gas industry is expected to revive the market for oilfield chemicals in the region.
The Asia-Pacific oilfield chemicals market is partially consolidated in nature. The major players (not in a particular order) include AkzoNobel N.V., Haliburton, Huntsman International LLC, Baker Hughes Company, and BASF SE, among others.
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