MarkNtel Advisors recently published a detailed industry analysis of the UAE Oilfield Chemicals Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
UAE Oilfield Chemicals Market, Share, and Trends Analysis Report – Industry Overview and Forecast to 2028
The UAE Oilfield Chemicals Market is projected to grow at a CAGR of around 4.2% during the forecast period, i.e., 2023-28.
What are the major Driver the UAE Oilfield Chemicals industry?
Rising Investments in Well-stimulation Technologies- Well stimulation refers to the process of arbitration performed on an oil or gas well to surge the production flow. Advancements in stimulation technologies due to increased research and development activities by market participants are lowering the costs while improving the efficiency of good stimulation to cater to the high natural gas and crude oil requirement, which is driving the industry.
As a result, the enhanced oil recovery and advancement in oil extraction processes are accelerating the industry. Additionally, to deliver the increased electricity and power requirement, especially for commercial and residential utilization, the fuel extraction services are likely to strengthen, adding to the market value.
Growth Opportunity: Increasing Collaborative Activities & Business Establishments
To expand and establish their business overseas, numerous market players are collaborating and strengthening their bonds to improve their productivity, which is opening new market opportunities for the industry. Besides, the rising demand for cementing fluids will likely bode well for the industry’s future. Moreover, the diversification of the economy in the country, leading to the establishment of new businesses and expansion of numerous sectors such as automotive, electrical, etc., are likely to develop new opportunities for the industry.
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What segments define the UAE Oilfield Chemicals Market from 2023 to 2028? How do these segments contribute to market dynamics and growth?
By Application
- Drilling
- Production
- Completion & Workover
- Cementing
- Well Stimulation & Enhanced Oil Recovery (EOR)
According to report, Among all, Production segment is anticipated to acquire the greatest market share in the forecast years, following its dominance in the market during the historical period.
By Product
- Inhibitors
- Corrosion & Scale
- Paraffin
- Hydrate
- Surfactants
- Polymers
- Biocides
- Scavengers
- Oxygen
- Hydrogen Sulfide
- Mercaptan
- Demulsifiers
- Antiform Agents
- Others (Pour Point Depressants, Asphaltene Control Agents, etc.)
According to report, Inhibitors are projected to capture the largest share of the UAE Oilfield Chemicals Market during the forecast period.
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Geographical Analysis: UAE Oilfield Chemicals Market
By Region
- Abu Dhabi & Al Ain
- Dubai
- Sharjah & Northern Emirates
UAE Oilfield Chemicals Market Share & Competitive Landscape:
The UAE Oilfield Chemicals Market is characterized by intense competition, with several key players driving growth through innovation, market expansion, and strategic investments. The competitive landscape provides valuable insights into the industry’s leading companies, highlighting their strengths, financial performance, and market influence.
Leading Companies in the UAE Oilfield Chemicals Market are:
- AL Mihrab Oil & Gas
- Al Moghera
- Aquaness Chemicals
- Baker Hughes
- BASF SE
- Clariant AG
- Dow Chemical’s Corporation
- Nalco Champions
- Oil Plus Ltd.
- Petrochem Middle East FZE
UAE Oilfield Chemicals Industry Recent Development:
- In April 2023, Black & Veatch awarded Baker Hugh the contract to provide two compressor trains for Petronas’s floating LNG (FLNG) facility in Malaysia.
- In October 2022, Clariant AG completed the acquisition of BASF’s U.S. Attapulgite business assets, strengthening Clariant’s position in the industry for the purification of edible oils and renewable fuels.
Questions Addressed in this Study
1.What factors are driving the UAE Oilfield Chemicals Market growth?
2.How is the UAE Oilfield Chemicals Market expected to grow over the next five years?
3.What are the key insights into the current trends in the UAE Oilfield Chemicals Market?
4.What is the current size of the UAE Oilfield Chemicals Market, and how is it projected to change in the future?
6.What is the future outlook for the UAE Oilfield Chemicals Market in terms of technological advancements and market expansion?
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Our specialization in niche industries informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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