According to recent findings, 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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UAE Oilfield Chemicals Overview:
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. Besides, the explorations and discovery of new oil fields, combined with increased production and well-stimulation of established reservoirs, will likely fuel the demand for oilfield chemicals extending the market ascension.
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UAE Oilfield Chemicals Outlook and Future Trends :
Research & Development Activities to Improve Chemical Solutions – The rapid technological advancements resulting in an increased scope of improvement in the quality and efficiency of chemical solutions are adding to the market acceleration. Moreover, massive investments by the key participants and competition to improve chemical solutions and launch products further support the upward market graph.
Global UAE Oilfield Chemicals Segmentation Analysis:
By Application
- Drilling
- Production
- Completion & Workover
- Cementing
- Well Stimulation & Enhanced Oil Recovery (EOR)
According to reports, 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 reports, Inhibitors are projected to capture the largest share of the UAE Oilfield Chemicals Market during the forecast period.
By Region
- Abu Dhabi & Al Ain
- Dubai
- Sharjah & Northern Emirates.
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Some of the Market players in the Global UAE Oilfield Chemicals 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 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:
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- Import & Export Dynamics – Analyze global trade flows, regional export trends, and supply chain movements.
- Competitive Benchmarking – Gain a clear view of the leading companies and their market positioning.
- Emerging Growth Opportunities – Spot untapped areas and niche markets for potential investment.
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Research Methodology Summary
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Key Steps:
- Define objectives and research design
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