Saudi Arabia Oilfield Chemicals Market Dynamics

Saudi Arabia Oilfield Chemicals Market Dynamics – Driver, Challenge, Segment & Competition FY2030

Posted 2 days ago

Markntel Advisors’ report, Saudi Arabia Oilfield Chemicals Research Report: Trend, Business Growth, Size, Future Scope, Segmentation, Dynamics, and Forecast to 2030, offers a comprehensive guide for the growing industry. The expert team of analysts dedicated significant effort to gathering and evaluating the latest market data, resulting in a detailed and up-to-date report that offers valuable insights for individuals who rely on data-driven decisions, including business owners and analysts. The research report on the Saudi Arabia Oilfield Chemicals presents well-researched facts and figures pertinent to the industry, whether the goal is to explore new markets, launch a new product, or maintain a competitive advantage.

Saudi Arabia Oilfield Chemicals Market Research Report & Market 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). Factors like advancement in technology, oil & gas production domination, and enhancement in oil recovery techniques are fueling the market growth. Out of the total global oil stake, 17% is held by Saudi Arabia alone, making it the largest global oil exporter. Multiple uses in oil refineries like oil extraction, production, cementing, and drilling further create demand for the Oilfield chemicals market. By 2028, the per barrel oil production capacity will be increased to 12.3 million barrels, says the Saudi Energy minister. This creates further demand for oilfield chemicals.

If you’re interested in the assumptions considered in this study, you can download the PDF brochure- https://www.marknteladvisors.com/query/request-sample/saudi-arabia-oilfield-chemicals-market.html

Saudi Arabia Oilfield Chemicals Market Dynamics:

Key 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 Segmentation Analysis:

According to MarkNtel study the market is segmented into the following categories:

By Type

Commodity Oilfield Chemicals - Market size and Forecast 2020-2030, (Thousand Tons)
Special Oilfield Chemicals - Market size and Forecast 2020-2030, (Thousand Tons)

Based on type, special oilfield chemicals lead the Saudi Arabia Oilfield Chemicals Market. This is because they are designed to address specific issues like high water cuts, scaling, and microbial contamination involved in oil extraction and production processes.

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)

Out of these, the De-emulsifier segment has the lion’s share in the market. Saudi Arabia’s crude oil often contains water during extraction. De-emulsifier resolves this major problem of the region as it has abilities to separate oil and water in the drilling process.

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.

East region holds the largest share of the Saudi Arabia Oilfield Chemicals Market. This growth is supported by one of the major factors, i.e., some of the largest oilfields in the world are present in the region. Oilfields like Ghawar & Safaniya are present there which significantly require a continuous supply of oilfield chemicals such as production chemicals, de-emulsifiers, and drilling fluids.

As indicated in the latest market research report published by Markntel Advisors, “Saudi Arabia Oilfield Chemicals Research Report: Forecast (2025-2030)”, this report offers a detailed analysis of the industry, featuring insights into the Saudi Arabia Oilfield Chemicals industry. It encompasses competitor and geographical analyses, as well as recent advancements in the market.

Browse Full Report Along with TOC and Figures - https://www.marknteladvisors.com/research-library/saudi-arabia-oilfield-chemicals-market.html

Top Companies Operating in the Saudi Arabia Oilfield Chemicals Market:

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.

*Reports Delivery Format - Market research studies from MarkNtel Advisors are offered in PDF, Excel, and PowerPoint formats. Within 24 hours of the payment being successfully received, the report will be sent to your email address*

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Key Report Highlights:

Market Dimensions & Projections
Pricing Evaluation,
Recent Strategic Moves by Companies,
Primary Stakeholders,
Analysis of Import and Export Trends,
Competitive Landscape Assessment,
Emerging Opportunities,
Market Trends and Indicators

Note - If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.

Frequently Asked Questions (FAQs)-

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Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?

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