The Automotive Lubricants market is projected to grow at a CAGR of 3.97% during the forecast period. Rising middle class population globally is boosting the demand for passenger cars which is one of the major drivers of automotive lubricants market. Growing transportation sector and increasing volume of global imports and exports is fuelling the demand for trucks and other vehicles which is also bolstering the growth of automotive lubricants market. Strict emission norms and growing environmenta Read more...
Biofuel Enzymes market is projected to grow at a CAGR of 9.05% to reach US$1,519.725 million by 2024, from US$903.772 million in 2018. Growing environmental concerns and stringent government regulations and policies for blending of biofuels are significantly driving the demand for biofuel enzymes. Growing global biodiesel consumption and bio-based ethanol owing to strict carbon dioxide emission norms is also fueling the growth of biofuels enzymes market. Commercialization of lignocellulosic etha Read more...
The oilfield chemicals market is projected to grow at a CAGR of 6.05% to reach US$34.774 billion by 2024, from US$24.440 billion in 2018. Oilfield chemicals are used in drilling and exploration of gas and oil to improve these operations by improving the efficiency and productivity of the oil drilling processes. Burgeoning demand for oil across the globe is boosting the demand for oilfield chemicals so as to enhance the processes carried out in the oil and gas plant. The worldwide demand for oil Read more...
The global drilling fluid market is expected to witness a CAGR of 9.40% during the forecast period to reach a market size of US$1,670 million by 2022 from a market size of US$1,065 million in 2017. Drilling fluids are employed to help the boring of boreholes into the earth in many applications. Apart from being used in many complex applications such as drilling of oil and natural gas, it can also be used for simpler boreholes such as water wells. Water-based muds, non-aqueous muds, and gaseous d Read more...
Fuel additives help improve the efficiency of fuels like gasoline and diesel. The fuel additives market can broadly be classified into, refinery products like antioxidants, distribution system products like corrosion inhibitors and automotive performance enhancement products like deposit control additives and cetane improvers. In 2021, the market for fuel additives is projected to reach US$9.784 billion, increasing from US$6.394 billion, growing at a CAGR of 7.35% during the forecast period. Fac Read more...
Drilling fluids, also known as drilling mud, plays an important role in facilitating the drilling process by suspending cuttings, controlling pressure, stabilizing exposed rock, providing buoyancy, cooling and lubricating. Every drilling activity requires drilling fluids and they are used extensively across the globe. Drilling fluids are water, oil or synthetic-based, and each composition provides different solutions in the well. Drilling fluids are essential to drilling success, as it maximizes Read more...
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