UAE Oilfield Chemicals Market Size Insights
According to MarkNtel Advisors study The future of UAE Oilfield Chemicals Market is projected to grow at a CAGR of around 4.2% during the forecast period, i.e., 2023-28. The market growth is accredited to the rising applications of chemicals in numerous operations such as production, drilling, well stimulation, oil recovery, cementing, etc. With a vast populace and consumer base relying on the conventional form of energy obtained from oil and fuel reservoirs, the industry will likely tread positively in the forecasting period.
What are the Key Driver in the UAE Oilfield Chemicals Market?
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.
What are the Key Segments in the UAE Oilfield Chemicals Market?
The UAE Oilfield Chemicals is categorized into notable segments, which help in understanding the structure, dynamics, and opportunities within the market. These segments are typically based on:
- By Application
- Drilling
- Production
- Completion Workover
- Cementing
- Well Stimulation Enhanced Oil Recovery (EOR)
- 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.)
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How does geographical analysis highlight in the UAE Oilfield Chemicals market?
- By Region
- Abu Dhabi Al Ain
- Dubai
- Sharjah Northern Emirates
Who are the Key Players in UAE Oilfield Chemicals Market?
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 Market News
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.
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Why This MarkNtel Advisors Research Report:
- In-depth Market Analysis: Understand trends and dynamics shaping growth.
- Segmented Insights: Target specific segments for focused strategies.
- Geographical Performance: Assess market opportunities by geographic area.
- Emerging Technologies: Discover advancements like AI integration.
- Risk Identification: Pinpoint challenges to inform strategic planning.
- Future Forecasts: Prepare for market changes with actionable projections.
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