Medical Grade Silicone Market Revenue Would Be $596.8 Million By 2025 | CAGR: 6.6%: Grand View Research, Inc.

The global Medical Grade Silicone Market is expected to reach USD 596.8 million by 2025, growing at a CAGR of 6.6%, according to a report by Grand View Research, Inc. Rising demand for Medical Grade Silicone owing to its inherent thermal and chemical stability, hydrophobicity, resistance to sterilization method, and low surface tension is expected to augment the industry size over the forecast period.


The growing use of high consistency silicone elastomers due to various properties offered such as green strength, which is necessary to maintain extruded profiles until vulcanized, is expected to increase their demand in extrusion applications, which in turn is anticipated to stimulate the demand over the forecast period.

Silicone medical adhesives are used to fabricate medical devices, seal wounds, and affix medical devices including dressing, a patch to the skin, and as a tape. The market is expected to exhibit promising gains on account of high tourist numbers triggering medical tourism in the Asia Pacific, especially in India, South Korea, Thailand, Singapore, and Malaysia.

The global medical silicone coatings market accounted for 8.7% of the overall revenue share in 2016 and is expected to witness growth on account of high usage of the product in mandrels, catheters, hypo tubes, stents, guide wires, sutures, and syringes. The growing geriatric population coupled with the rising obesity rates is anticipated to increase the occurrences of cardiac diseases, which in turn is expected to stimulate the medical silicone demand.

Access Full Research Report on Medical Grade Silicone Market: 

Further key findings from the report suggest:
  • Silicone elastomer is anticipated to witness significant revenue gain with a predicted CAGR of 6.9% from 2017 to 2025 due to the rising consumption of the product in the Liquid Silicone Rubber (LSR) and High Consistency Rubber (HCR) applications. LSR and HCR find application in pump diaphragms, hydrocephalic shunts, replacement finger joints, pacemaker lead coverings, and catheters.
  • Asia Pacific was the prominent market and accounted for 22.1% of the overall volume share in 2016. Favorable FDI and “Make in India” policy implemented by the Government of India are expected to generate opportunities for the medical device components industry in the country, which in turn is likely to aid in the medical silicone industry growth.
  • Growing awareness regarding commercially available products, the adoption of enhanced surgical treatments, and increasing healthcare infrastructure are expected to open new avenues for medical products in the U.S., and therefore, augment the demand for medical silicone in the market
  • Momentive Performance Materials Inc.; 3M Company; Trelleborg AB; Primasil Silicones Limited; China National Bluestar (Group) Co. Ltd. (Bluestar); Henkel AG & Co. KGaA; Dow Corning Corporation; Zodiac Coating SAS; and Wacker Chemie AG are some of the prominent players dominating the industry
  • The global medical silicone market is highly fragmented in nature and marked by the presence of numerous global and regional silicone producers. Due to end-user opportunities and fragmented nature of the market, the intensity of rivalry is expected to increase in the next eight years.
  • In February 2017, Wacker Chemie AG named Foster Corporation as an exclusive distributor of medical-grade silicone rubber for the company’s Silpuran line in the North America healthcare market to provide services such as customer support, enhanced customer experience, and logistics in the region
  • In November 2016, Dow Corning Corp. launched soft skin adhesive to bridge the gap between the company’s Pressure Sensitive Adhesives (PSAs) and gentle-adhesion SSAs

Grand View Research has segmented the Medical Grade Silicone Market on the basis of product, application, end use, and region:
Product Outlook (Volume, Tons; Revenue, USD Million; 2014 - 2025)
  • Elastomers
  • Gels
  • Medical Adhesives
  • Medical Coatings
  • Foams
  • Others
Application Outlook (Volume, Tons; Revenue, USD Million; 2014 - 2025)
  • Prosthetics
  • Orthopedic Components
  • Medical Devices
  • Medical Tapes
  • Contact Lens
  • Oral Care Products
  • Others
Regional Outlook (Volume, Tons; Revenue, USD Million; 2014 - 2025)
  • North America
    • US.
  • Europe
    • France
    • Germany
  • Asia Pacific
    • China
    • India
  • Central & South America
    • Brazil
  • Middle East & Africa

About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com
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Glass Bonding Adhesives Market is Projected To Surpass $4.42 Billion By 2025: Grand Vie Research, Inc.

The global glass bonding adhesives market is expected to reach USD 4.42 billion by 2025, at a registered CAGR of 7.2%, according to a report by Grand View Research, Inc. Central & South America is estimated to witness high industry growth by 2025. The electronics & appliances and medical device applications are estimated to offer key opportunities for the industry growth.



UV curing, urethane, acrylics, and silicone are primarily utilized as bonding agents in various electronics & appliance products owing to their significant thermal barrier properties. Camera lens, computer screens, mobile displays, liquid crystal displays (LCD), LED display lamps, flat panel displays, and other electronic products require bonding agents for the adhesion of glass sheets with other composite and metal substrates.

Master Bond LLC offers LED curable glues for the efficient bonding of tinted or UV blocked glass substrates. The products are characterized by their outstanding light transmission properties, consistent process control, low energy consumption, and uniform intensity output.

Electronics & appliances is estimated to offer lucrative opportunities in the industry over the forecast period, especially in Asia Pacific. The presence of major electronic components, as well as appliance manufacturers in the region, is estimated to enhance the product assembly activities, thus promoting the use of superior glass bonding glue over the years ahead.

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Further key findings from the report suggest:
  • In terms of revenue, electronics & appliances application in the glass glues industry is expected to rise at an estimated CAGR of 7.7% over the forecast period. This application segment constituted a revenue share of 12.7% in 2016.
  • The rising use of nanotechnology for improving the light curing process technologies of glass glues is expected to be a key technological trend in the next couple of years
  • SW Products Ltd., a UK-based adhesives provider offers Nano470 High Strength Adhesive. The product facilitates superior adhesion of glass to glass and to metal substrates. Nano470 can be cured by using a white fluorescent light and does not require UV light.
  • In June 2017, DELO developed DELO PHOTOBOND GB4033, a new light-curing acrylate adhesive for applications in the consumer electronics sector. The product exhibits outstanding peel resistance against glass & plastic substrates and good sealing properties against humidity, moisture, and dust.
  • In terms of revenue, the industry growth in Germany is estimated to expand at a predicted CAGR of 6.2% over the forecast period
  • In March 2017, H.B. Fuller established a new regional office in Dubai, UAE, to cater to the rising demand for adhesives and sealants in the Middle East, Egypt, Germany, and India

Grand View Research has segmented the global glass bonding adhesives market on the basis of product, application, and region:

Product Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 - 2025)
  • UV Cured
  • Polyurethane
  • Acrylic
  • Silicone
  • Others
Application Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 - 2025)
  • Construction
  • Furniture
  • Automotive & Transportation
  • Electronics & Appliances
  • Consumer Goods
  • Medical Devices
  • Others
Regional Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 - 2025)
  • North America
    • US.
  • Europe
    • Germany
    • UK
  • Asia Pacific
    • China
    • India
  • Central & South America
    • Brazil
  • Middle East & Africa

About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com
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Carbon Black Market is Predicted To Reach Around $28.05 Billion By 2022: Grand View Research, Inc.

The global Carbon Black Market is expected to reach USD 28.05 billion by 2022, according to a new report by Grand View Research, Inc. Increasing automotive sales and consequent rise in tire production is expected to drive industry growth over the forecast period. 



High demand for plastics and high performance coatings in automotive manufacturing is also expected to have a positive influence on the market growth. Carbon black provides electrical conductivity and antistatic properties to many plastic products ranging from insulation materials to highly conductive areas. 

Policies aimed at reducing GHG emissions during carbon black production processes may hamper growth trajectory over the forecast period. Since the production process is highly energy intensive, optimization of processes and greener & sustainable alternatives are paramount to tackle such issues in future. 


Further key findings from the report suggest:
  • Global carbon black market demand was 11.99 million tons in 2014 and is expected to reach 16.40 million tons by 2022, growing at a CAGR of 3.9% from 2015 to 2022
  • Tires were the leading application segment and accounted for over 70% of the overall volume in 2014. Increasing passenger car sales and a robust aftermarket and OEM sectors of automotive industry are expected to drive tire production, thereby increasing carbon black consumption over the forecast period.
  • Plastics are expected to be the fastest growing application segment at a CAGR of 4.3% from 2015 to 2022. Increasing usage of specialty grades for improving electrical conductivity, better UV resistance and antistatic properties in plastics is expected spur growth.
  • Asia Pacific dominated the global market with demand share estimated 54.8% in 2014. Increasing carbon black demand in plastics, general rubber goods and tire manufacturing particularly from emerging economies of China, India, and Indonesia is expected to drive the regional market over the forecast period. Mature markets of North America and Europe are characterized by increasing regulatory intervention to reduce greenhouse gas emissions during carbon black production.
  • The industry has a presence of large multinational corporations who have integrated their operations, i.e., from feedstock to carbon black production. Compared to independent manufacturers, these companies enjoy a distinct advantage of cutting down on raw material procurement costs.
  • Key players in the global carbon black industry include OJSC Kremenchug, OMSK Carbon Group, Tokai Carbon Co. Ltd., Sid Richardson Carbon & Energy Co., Ralson Goodluck Carbon, Asahi Carbon Co. Ltd., Atlas Organic Pvt. Ltd., Continental Carbon, OCI Co. Ltd., Birla Carbon and Cabot Corp. 

Grand View Research has segmented the carbon black market on the basis of application and region:

Global Carbon Black Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)
  • Tires
  • High Performance Coatings
  • Plastics
  • Others
Global Carbon Black Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)
  • North America
    • US
  • Europe
    • UK
  • Asia Pacific
    • China
  • Latin America
    • Brazil
  • Middle East & Africa
    • UAE
About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com
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Petroleum Resins Market Total Value Is To Be $4.1 Billion By 2025 | CAGR: 6.9%: Grand View Research, Inc.

The global petroleum resins market is expected to reach USD 4.1 billion by 2025, growing at a CAGR of 6.9% from 2017 to 2025, according to a new report by Grand View Research, Inc. The rising demand for petroleum resins in EVA-based adhesives, contact adhesives for footwear, printing inks, sealants, paints, specialty tapes, repositionable tapes, packaging tapes, and permanent labels is expected to increase the market size.


Increasing demand for hydrocarbon resins in adhesives owing to properties such as good adhesion, improved adhesive bond strength, acid resistance, alkali resistance, and water resistance is expected to the drive industry expansion over the forecast period.The development of various petrochemical complex and catalytic polymerization to increase the output of resins is likely to augment the market size over the next eight years.

Automotive was the prominent segment and accounted 23.9% of the overall revenue share in 2016. The segment is expected to register substantial gains owing to the increasing production of passenger cars, light commercial vehicles, and heavy commercial vehicles in countries such as India, Thailand, and China.

Moreover, the Chinese auto sector policies and measures such as Automotive Readjustment and Revitalization Plan, Energy-Saving and New-Energy Auto Industry Plan, and Foreign Direct Investment opportunities are augmenting vehicle production, which in turn is expected to propel the market growth.

Access Full Research Report On Petroleum Resins Market: http://www.grandviewresearch.com/industry-analysis/petroleum-resins-market

 Further key findings from the report suggest:
  • Hydrogenated petroleum resins is expected to register high volume gains at a CAGR of 6.3% from 2017 to 2025. The rising consumption of the products in EVA/ APAO-based hot melt adhesives and pressure sensitive adhesives as they offer good heat stability, water resistance and compatibility is expected to drive the industry growth.
  • The printing ink segment was valued at USD 214.9 million in 2016 and is anticipated to witness high gains on account of the rising usage in commercial printing, publications, packaging, and corrugated cardboards applications
  • Europe accounted for 23.4% of the overall volume share in 2016 and is anticipated to witness steady growth due to the presence of major automotive manufacturers including Audi, BMW, Mercedes Benz, Jaguar, Aston Martin, Volkswagen, Volvo, Fiat, Ferrari, Lamborghini, and Porsche
  • The global petroleum resins market showcases immense competition with the presence of various large and small-scale participants in Japan, the U.S., and China. Key players include Eastman Chemical Company; ExxonMobil; Zeon Chemicals; Lesco Chemical Limited; Kolon; Neville; Puyang Tiancheng Chemical Co., Ltd.; and The Dow Chemical Company.
  • In December 2016, Saudi-based Rufayah Chemicals Company (RCC) signed a deal with Sadara Chemical Company for setting up one of the largest hydrocarbon resin plants with an investment of approximately USD 500 million in the PlasChem Park to produce hydrocarbon resin, pure DCPD, isoprene, aromatic solvents, and premium wash oils
  • Zeon Chemicals offers Quintac and Quintone manufactured by using proprietary Isoprene and Piperylene technology having excellent tack, cohesive strength, and holding power
Grand View Research has segmented the global petroleum resins market on the basis of product, application, end use, and region:

Product Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 - 2025)
  • C5 resins
  • C9 resins
  • C5/C9 resins
  • Hydrogenated resins
Application Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 - 2025)
  • Paints
  • Adhesives
  • Printing inks
  • Rubber & tires
  • Tapes & labels
  • Others
End-use Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 - 2025)
  • Automotive
  • Construction
  • Packaging
  • Consumer goods
  • Personal hygiene
  • Others
Regional Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 - 2025)
  • North America
    • S.
  • Europe
    • Germany
  • Asia Pacific
    • China
  • Central & South America
    • Brazil
  • Middle East & Africa

About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com
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Ethylene Copolymers Market is Poised To Reach $67.02 Billion By 2025: Grand View Research, Inc.

The global Ethylene Copolymers Market is expected to be valued at USD 67.02 billion by 2025, according to a new report by Grand View Research, Inc. Increasing demand from packaging industry is anticipated to favor market growth in the coming years.


In terms of revenue, ethylene vinyl acetate (EVA) product type segment dominated the market in 2016 and is anticipated to ascend at a CAGR of 6.9% over the next eight years. In the packaging industry, EVA is widely used as shrinkage film as it contains a higher percentage of anti-blocking additives as compared to polyethylene. It also has the capability to provide low-temperature hot sealing, that enables energy savings and fast packaging speed, which is, in turn, expected to fuel market growth over the forecast period. Thus, the segment is anticipated to ascend at a steady CAGR over the next eight years.

The raw materials utilized for the manufacturing of ethylene copolymers are governed by various organizations such as Occupational Safety and Health Administration (OSHA) and the United States Environmental Protection Agency (EPA). These organizations have also set various quality standards for the raw materials and end products manufactured from ethylene. EPA has levied strict regulations to encourage the production of environment-friendly products, such as ethylene oxide, from ethylene.
The Asia Pacific region is expected to ascend at the highest growth rate over the forecast period. Rising demand from the packaging industry, in emerging economies such as India and China, is expected to drive the market in the coming years. The Asia Pacific region is characterized by rising awareness regarding various applications of ethylene copolymers.

Access Full Research Report on Ethylene Copolymers Market: 

Further key findings from the report suggest:
  • In terms of product type, Ethylene-vinyl acetate (EVA) segment dominated the overall market in 2016 and this trend is expected to continue over the forecast period
  • Asia Pacific is projected to progress at the highest 6.8% CAGR over the forecast period. Rising food consumption & technological innovations in countries such as China and India are projected to benefit the market growth in the region over the next eight years.
  • The global demand for hot melt adhesive application was valued at USD 18.2 billion in 2016 and is anticipated to ascend at a steady CAGR of 6.8% over the next eight years
  • The U.S. ethylene copolymers market was valued at USD 8.2 billion in 2016 and is estimated to reach USD 14.6 billion by 2025
  • DuPont, Celanese Corporation, The Dow Chemical Company, BASF SE, Sipchem, and USI Corporation are some of the key players in the global market

Grand View Research has segmented the global ethylene copolymers market on the basis of application, type, end-use, and region:

Application Outlook (Volume, Kilotons; Revenue, USD Million; 2014 - 2025)
  • Hot melt adhesives
  • Asphalt modification
  • Thermo adhesive films
  • Others
Type Outlook (Volume, Kilotons; Revenue, USD Million; 2014 - 2025)
  • Ethylene vinyl acetate (EVA)
  • Ethylene ethyl acrylate (EEA)
  • Ethylene butyl acrylate (EBA)
  • Ethylene propylene
  • Others
End-use Outlook (Volume, Kilotons; Revenue, USD Million; 2014 - 2025)
  • Packaging
  • Building & Construction
  • Automotive
  • Textiles
  • Others
Regional Outlook (Volume, Kilotons; Revenue, USD Million; 2014 - 2025)
  • North America
    • US.
  • Europe
    • Germany
    • UK
  • Asia Pacific
    • China
    • India
  • Central & South America
  • Middle East & Africa

About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com
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Field Service Management Market would be $4.1 Billion By 2025: Grand View Research, Inc.

The global Field Service Management (FSM) market is expected to reach USD 4.16 billion by 2025, according to a new report conducted by Grand View Research, Inc. Various other factors such as improper management of inventory, increased inventory cycle time, increased holding cost, increased ordering cost and incorrect information about the stock further increase the cost of business operations. FSM software helps to fortify the functionality of the service industry while improving overall profitability.

The main forces which are driving the market include the increase in number of field operations across manufacturing, oil & gas and construction sector., increase in the use of smartphone devices, and rising demand for better organizational efficiency and reduced cost of operations. The advancement of cloud services, supports the integration of cloud to the FSM software. This is expected to surge the FSM market growth over the next nine years. Over the forecast period, most of the end use industries are expected to deploy the FSM software on the cloud rather than on the premise.

The global field service management market is anticipated to witness a high growth over the forecast period. The high presence of smartphones and tablets are playing an important role in the overall growth of the FSM industry globally. FSM solutions are also compatible with next generation smartphone operating systems, further boosting their importance across the competitive landscape.


Further key findings from the report suggest:
  • The mobile field execution solution provided by the FSM software is the most preferred solution by the end use industries which helps in execution and maintenance of field work by technicians, reporting status, receiving alerts, gain visibility to individual performance.
  • Most of the end use industries such as utilities, healthcare, IT among others are moving from on-premise deployment to cloud deployment of the FSM software as it enables faster deployment speeds and reduces upfront costs.
  • As compared to the small and medium enterprises, the large enterprises are increasingly adopting the FSM software for the management of large on field technicians and employees who work on field.
  • The FSM software is being increasingly adopted across the construction industry due to the rapid industrialization and increasing population particularly in developing countries such as China and India.
  • The FSM market is in the developing stage in the regions of Asia-Pacific, Middle East & Africa, and Latin America due to their increase in investment in IT sector and increased focus on digital workplace transformation initiatives.
  • The key purveyors in this industry comprise Accenture, Cisco Systems, Astea International, Inc., Comarch, ClickSoftware Technologies, Klugo, Infor, SAP, ServiceMax, Trimble Navigation Limited, among others.
Grand View Research has segmented the global field service management market on the basis of solution, deployment, service, enterprise, application and region:

Field Service Management Solution Outlook (Revenue, USD Million; 2014 - 2025)
  • Mobile Field Execution
  • Service Contract Management
  • Warranty Management
  • Workforce Management
  • Customer Management
  • Inventory Management
  • Others
Field Service Management Deployment Outlook (Revenue, USD Million; 2014 - 2025)
  • On-premise
  • Cloud
Field Service Management Service Outlook (Revenue, USD Million; 2014 - 2025)
  • Implementation
  • Training & support
  • Consulting & advisory
Field Service Management Enterprise Outlook (Revenue, USD Million; 2014 - 2025)
  • Small & medium enterprises
  • Large enterprises
Field Service Management Application Outlook (Revenue, USD Million; 2014 - 2025)
  • Energy & Utilities
  • Telecom
  • Manufacturing
  • Healthcare
  • BFSI
  • Construction & Real Estate
  • Transportation & Logistics
  • Others
Material Handling Equipment Regional Outlook (Revenue, USD Million; 2014 - 2025)
  • North America
    • US.
    • Canada
  • Europe
    • UK
    • Germany
  • Asia Pacific
    • China
    • India
    • Japan
  • Latin America
  • Middle East & Africa

About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com
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Oilfield Services Market is Projected To Reach $139.1 Billion By 2025 | CAGR: 3.4%: Grand View Research, Inc.

The global oilfield services market is expected to be valued at USD 139.1 billion by 2025, according to a new report by Grand View Research, Inc. These services are being increasingly implemented owing to the rising demand for energy and the development of new oilfields. 

The purpose of oilfield services is to help operators control the subsurface pressures, minimize formation damage, control borehole erosion, and optimize drilling parameters including the penetration rate and hole cleaning. The burgeoning offshore industry, particularly in the Persian Gulf, is anticipated to drive the oilfield services market over the forecast period. However, the adverse environmental effects of E&P activities coupled with strict government regulations are likely to hinder the market growth.

The processing & separation segment accounted for a market share of 12.7% in 2016 and is anticipated to ascend at a CAGR of 2.7% over the forecast period. This service aids the treatment of oil by means of distillate treaters, desalting & dehydration electrostatic treaters, and multiphase separation systems. It helps purify the natural gas obtained from reservoirs, eliminating its inherent impurities. The techniques employed in gas processing & treatment include glycol dehydration, monoethylene glycol reclamation & regeneration, phase separation, and acid gas treatment & removal. The various advantages of processing & separation are anticipated to boost the demand for oilfield services over the next few years.

The growing number of deep-water exploration and production activities in the Gulf region is projected to fuel the demand for drilling fluids over the forecast period. In 2015, major companies such as Chevron, Petronas, Shell, Total, and YPF had announced plans to invest in E&P activities. However, macroeconomic factors such as inflation, falling oil prices, and the economic downturn had a negative impact on the oil production in various parts of Argentina, Brazil, and Venezuela.

Access Full Research Report Oilfield Services Market: http://www.grandviewresearch.com/industry-analysis/oilfield-service-market

Further key findings from the report suggest:
  • The global oilfield services market was valued at USD 103.26 billion in 2016 and is estimated to witness a CAGR of 3.4% from 2017 to 2025
  • The global demand for oilfield services in onshore applications was valued at USD 66.57 billion in 2016 and is anticipated to record a steady growth over the next eight years
  • Production emerged as the largest segment of the market, by service, in 2016 and is predicted to be valued at USD 29.57 billion by 2025
  • Seismic is anticipated to be the fastest growing segment of the market, by service, ascending at a CAGR of 4.2% over the next eight years
  • Asia Pacific is anticipated to progress at a CAGR of 4.8% over the forecast period. Growing concerns about the wellbore stability, well blowout, and extreme temperature operating conditions are expected to boost the demand for oilfield services in offshore and onshore regions in the coming years.
  • Key players of the market include Schlumberger Limited, Baker Hughes Incorporated, Archer Limited, Halliburton Company, and Weatherford International. These players often engage in research & development activities in order to expand their product portfolios and gain larger market shares.
Grand View Research has segmented the global oilfield services market on the basis of application, service, type, and region:
Application Outlook (Revenue, USD Billion; 2014 - 2025)
  • Onshore
  • Offshore
Service Outlook (Revenue, USD Billion; 2014 - 2025)
  • Workover & completion services
  • Production
  • Drilling services
  • Subsea services
  • Seismic services
  • Processing & separation services
  • Others
Type Outlook (Revenue, USD Billion; 2014 - 2025)
  • Equipment rental
  • Field operation
  • Analytical & consulting services
Regional Outlook (Revenue, USD Billion; 2014 - 2025)
  • North America
    • US.
    • Canada
    • Mexico
  • Europe
    • UK
    • Russia
  • Asia Pacific
    • China
    • Australia
  • Central & South America
    • Brazil
    • Argentina
  • Middle East & Africa
    • Saudi Arabia

About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com
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mHealth Apps Market Is Projected To Reach $236.0 Billion By 2026

The global  mHealth apps market  size is expected to reach USD 236.0 billion by 2026, according to a new report by Grand View Research, In...