Report: Specialty chemicals benefit from oil, natural gas boom

Advances in shale oil and natural gas extraction have boosted sectors such as oilfield specialty chemicals, which had a global market of $16 billion in 2010, more than 50% of which was from North America, according to a report. "Naturally, this increase in drilling and production has resulted in higher volumes of drilling, stimulation and cementing chemicals," said report lead author Ray Will.

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United Press International · American City Business Journals

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