UAE Oilfield Chemicals Market Overview:

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. 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.

Key Findings of the Study: UAE Oilfield Chemicals market

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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Scope of the UAE Oilfield Chemicals Market Report Segmentation

-By Application

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

-By Product

  • Inhibitors
  • Surfactants
  • Polymers
  • Biocides
  • Scavengers
  • Demulsifiers
  • Antiform Agents
  • Others (Pour Point Depressants, Asphaltene Control Agents, etc.)

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Geographical analysis:

-By Region

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

Recent Developments in the UAE Oilfield Chemicals Market

  • 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.

 Current Landscape of UAE Oilfield Chemicals Market

The report delineates key market participants and thoroughly assesses their strategic approaches, trends, innovations, and manufacturing infrastructure, enabling a forecast of their market impact over the next five years. The meticulously researched data presented holds the potential to distinguish even nascent market entrants in the long term. Armed with pertinent data and actionable insights, our research report delivers a comprehensive overview of the market, empowering investors and stakeholders to establish a robust presence in the UAE Oilfield Chemicals market. The research report profiles major players, including

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  • 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

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