Press release
UAE Oilfield Chemicals Market Analysis: Projected 4.2% CAGR by 2028, Exploring Size, Share, and Future Growth
The report indicates that the UAE Oilfield Chemicals Market is anticipated to experience a CAGR of approximately 4.2% during the period of 2023-2028. Our analysis encompasses a thorough examination of various environmental factors, economic and social issues, technological advancements, and other relevant aspects that are crucial for stakeholders during decision-making processes. In order to provide a reliable, accurate, and comprehensive understanding of the industry, our analysts have conducted extensive research utilizing tools such as SWOT (Strengths, Weaknesses, Opportunities, and Threats) analysis and Porter's Five Forces Analysis.
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Market Dynamics
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.
Recent Developments
• 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.
Segmenting Success: Unveiling Opportunities in the UAE Oilfield Chemicals Market 2023-2028
The UAE Oilfield Chemicals Market, characterized by its fragmented nature and numerous subdivisions, is thoroughly examined in the report. We provide detailed insights on each segment and geographical location, empowering stakeholders and industry leaders to comprehend the market dynamics and devise new strategies and investments. Furthermore, by gaining a deeper understanding of the ebb and flow within each segment, investors can make well-informed decisions and expand their production and revenue streams in the coming years. The report focuses on key market dynamics, including recent developments, trends, demand and supply chain analysis, purchase patterns, and product/service pricing, among others, within the following segments:
Based on Application
- Drilling
- Production
- Completion & Workover
- Cementing
- Well Stimulation & Enhanced Oil Recovery (EOR)
Based on 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.)
Geographically, the UAE Oilfield Chemicals Market expands across the following:
- Abu Dhabi & Al Ain
- Dubai
- Sharjah & Northern Emirates
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Unveiling the Competitive Landscape: Insights into Key Players in the UAE Oilfield Chemicals Market 2023-2028
The report provides a comprehensive competitive analysis, highlighting a key aspect of the industry-the existing players. Each player is extensively profiled, covering vital aspects such as business overview, demand and supply chain, key strategies, latest news, product launches, pricing catalog, recent developments, revenue generation, stakes and investments, and trends. These insights aim to assist stakeholders in diversifying and strategizing their investments and participation in the UAE Oilfield Chemicals Market, ultimately seeking substantial revenue generation over the forecasted years.
- 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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MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
Using such information, our clients can identify attractive investment opportunities & strategize their moves to yield higher ROI (Return of Interest) through an early mover advantage with top-management approaches.
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