According to Markntel Advisors Report, Saudi Arabia Oilfield Chemicals Market is expected to grow at a significant growth rate, and the analysis period is 2025-2030, considering the base year as 2024.Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.
Oilfield chemicals are the components that are used in the extraction of oil and gas, by improving the efficiency and productivity of petroleum refining and oil drilling process.
Global Saudi Arabia Oilfield Chemicals Market Research Report Summary:
The Saudi Arabia Oilfield Chemicals Market size is valued at around USD 0.95 billion in 2024 and is projected to reach around USD 1.38 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 5% during the forecast period (2025-30).
Time Period Captured in the Report:
- Historical Years: 2020-2023
- Base Years: 2024
- Forecast Years: 2025-2030
Who are the Key Players Operating in the Saudi Arabia Oilfield Chemicals Market?
The top companies of the Saudi Arabia Oilfield Chemicals Market ruling the industry are:
Baker Hughes Saudi Arabia Co, Halliburton Co Saudi Arabia, Schlumberger Middle East Sa, Saudi Arabia BASF, Dow Saudi Arabia, Aubin Ltd., Arkema Chemicals Saudi Arabia Company, The Solvay Group, Clariant Ali Al Abdullah Al Tamimi Company Ltd, Redachem United for Trading Ltd. and others
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What is Included in Saudi Arabia Oilfield Chemicals Market Segmentation?
The Saudi Arabia Oilfield Chemicals Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:
-By Type
-Commodity Oilfield Chemicals - Market size and Forecast 2020-2030, (Thousand Tons)
-Special Oilfield Chemicals - Market size and Forecast 2020-2030, (Thousand Tons)
-By Product
-Biocides- Market size and Forecast 2020-2030, (Thousand Tons)
-Corrosion Scale Inhibitors- Market size and Forecast 2020-2030, (Thousand Tons)
-De-emulsifier- Market size and Forecast 2020-2030, (Thousand Tons)
-Surfactants- Market size and Forecast 2020-2030, (Thousand Tons)
-Polymers- Market size and Forecast 2020-2030, (Thousand Tons)
-Lubricants- Market size and Forecast 2020-2030, (Thousand Tons)
-Hydrogen Sulfide Scavengers- Market size and Forecast 2020-2030, (Thousand Tons)
-Fluid Loss Additive- Market size and Forecast 2020-2030, (Thousand Tons)
-By Application
-Drilling Fluid Chemicals - Market size and Forecast 2020-2030, (Thousand Tons)
-Production Chemicals - Market size and Forecast 2020-2030, (Thousand Tons)
-Completion Fluid Chemicals - Market size and Forecast 2020-2030, (Thousand Tons)
-Cementing Chemicals/Additives - Market size and Forecast 2020-2030, (Thousand Tons)
-Well Simulation Fluid Chemicals EOR - Market size and Forecast 2020-2030, (Thousand Tons)
-By Oilfield Type
-Onshore - Market size and Forecast 2020-2030, (Thousand Tons)
-Offshore- Market size and Forecast 2020-2030, (Thousand Tons)
-By Region
-North
-South
-East
-West
-Central
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Saudi Arabia Oilfield Chemicals Market Driver:
Rising Oil Production Exploration Activities – In 2023, 79.1% of the world’s crude oil reserves are situated in OPEC Countries with Saudi Arabia alone having a share of 21.5%. With this boost in oil production, the demand for oilfield chemicals rises significantly. The boost in oil production is planned to meet the rising global oil demand. They are also investing in onshore and offshore locations to explore new reserves in deep waters. This will boost the market for oilfield chemicals as well. Exploration experiments in the Red Sea by Saudi Aramco are some of the recent examples. With the use of oilfield chemicals in drilling and extraction, oil reserves inaccessible before like this, got explored.
Saudi Arabia Oilfield Chemicals Market Opportunity
Expansion of Off-shore Oilfield Operations – A wide range of oilfield chemicals are required for drilling and production, and Saudi Arabia plans new offshore operations for the expansion of their oil production capabilities. By 2028, oil demand is going to shoot up to 105.7 million barrels per day as per IEA. With other Middle Eastern countries, Saudi Arabia would also be the major supplier providing them opportunities to explore their offshore output. Moreover, deeper offshore reserves can be drilled with technological advancements in drilling and subsea systems. This will create the requirement for sophisticated oilfield chemicals.
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