January 21, 2021
According to the research report titled ‘UAE Oilfield Chemicals Market Analysis, 2020‘, available with Market Study Report, UAE oilfield chemicals market is anticipated to grow momentously through 2025.
Rise in crude oil production, surging deep drilling activities, both offshore and onshore, and increasing investments in advanced chemicals to enhance oil properties such as emulsification, thickening, stabilization, and conditioning, are the major factors fueling the growth of UAE oilfield chemicals market. These chemicals are employed for drilling as well as oil & gas exploration for better efficiency and productivity of the oil drilling process.
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Further, ability of the oilfield chemicals to protect the equipment and pipes from corrosion just by separating water from oil to avoid emulsion formation is positively impacting the market expansion. In addition, rising applications of these chemicals for initial well drilling as well as in all the stages of the oil & gas processing are contributing to the UAE oilfield chemicals industry outlook.
Based on application spectrum, UAE oilfield chemicals market is fragmented into cementing, drilling, production, well stimulation & enhanced oil recovery (EOR), and completion & workover. In terms of product terrain, the market is classified into biocides, surfactants, polymers, antiform agents, demulsifiers, inhibitors (corrosion & scale, hydrate, and paraffin), scavengers (oxygen, mercaptan, and hydrogen sulfide), and others.
From a regional frame of reference, Abu Dhabi & Al Ain and Sharjah & Northern Emirates region captured majority of the industry share in recent past, owing to rising crude oil production, increasing investment toward oil & gas development projects, and growing alliances among nations to promote oil exploration.
Major players influencing UAE oilfield chemicals market trends are BASF SE, Al Moghera LLC, Aquaness Chemicals, Clariant AG, Nalco Water, Baker Hughes Company, Akzo Nobel N.V., The Dow Chemical Company, Al Mihrab Oil & Gas, and Oilplus DMCC.