UAE Oilfield Chemicals Market Size– from 2023-2028 | Share, Rising Trends, Revenue, Challenges, Demand, Key Manufacturers, CAGR Status, Regional Outlook

 According to MarkNtel Advisors study the UAE Oilfield Chemicals Market is projected to grow at a CAGR of around 4.2% during the forecast period, i.e., 2023-28.

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Key Findings of the Study: UAE Oilfield Chemicals market

Key Driver: 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.

For more detailed information about the UAE Oilfield Chemicals market report, click here – https://www.marknteladvisors.com/research-library/uae-oilfield-chemicals-market.html

Scope of the Report and UAE Oilfield Chemicals Market Segmentation:

By Application

  • Drilling
  • Production
  • Completion & Workover
  • Cementing
  • Well Stimulation & Enhanced Oil Recovery (EOR)

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.)

UAE Oilfield Chemicals Market Competitive Landscape

  • 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 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.

Geographical Analysis:

By Region

  • Abu Dhabi & Al Ain
  • Dubai
  • Sharjah & Northern Emirates

Note: If you require specific information not covered in the current report, we can provide it through customized option

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