US Shale Boom Driving Rapid, Significant Demand Growth for Oil Field Chemicals, with North America Exceeding 50 Percent of Global Demand, Says IHS Chemical Report

Dateline City: 
HOUSTON

Driven in large part by the rapid expansion of shale oil and gas drilling and production in North America, the world market for oil field specialty chemicals reached nearly $16 billion in 2010, with the U.S. and Canada accounting for more than $8 billion or 52 percent, according to a new IHS Chemical global market study from IHS (NYSE: IHS), the leading global source of information and analysis.

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