Lucintel's latest market report analyzed that special oilfield biocide chemical provides attractive opportunities in the production, well stimulation, drilling fluids, enhanced oil recovery, cementing, and workover & completion. The special oilfield biocide chemical market is expected to reach $0.9 billion by 2028 with a CAGR of 6.5%. In this market, production is the largest segment by application.

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Based on application, the special oilfield biocide chemical market is segmented into production, well stimulation, drilling fluids, enhanced oil recovery, cementing, and workover& completion. The production segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to the growing demand of oil and gas and increasing production of crude oil globally.

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The Special Oilfield Biocide Chemical Market is marked by the presence of several big and small players. Some of the prominent players offering special oilfield biocide chemical include Evonik Industries AG, Akzo Nobel N.V., Albemarle Corporation, Zirax Limited, BASF SE, Kemira, Solvay, Ashland, Baker Hughes Company, and Clariant.

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