Saudi Arabia Oilfield Chemicals Market By Application (Drilling, Completion Method, Cementing, Stimulation, Enhanced Oil Recovery, Others), By Oil Field Type (Onshore, Offshore), By Type (Commodity Oil Field Chemicals, Special Oil Field Chemicals), By Region, Competition, Forecast and Opportunities, 2028
Published Date: December - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Chemicals | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationSaudi Arabia Oilfield Chemicals Market By Application (Drilling, Completion Method, Cementing, Stimulation, Enhanced Oil Recovery, Others), By Oil Field Type (Onshore, Offshore), By Type (Commodity Oil Field Chemicals, Special Oil Field Chemicals), By Region, Competition, Forecast and Opportunities, 2028
According to the International Trade Administration, Saudi Arabia is one of the world's largest net exporters of petroleum and the center of over 17% of the world's proven oil reserves.
According to the Organization of the Petroleum Exporting Countries, the OPEC nations generate the most oil globally, with Saudi Arabia accounting for one-third of the group's total production.
According to the U.S. Energy Information Administration, OPEC accounted for roughly 11% of all petroleum imports into the United States in 2021, and 13% of all imports of crude oil. Saudi Arabia, the largest OPEC oil producer to the United States, supplied 6% of the country's imports of crude oil and 5% of its total petroleum imports.
Chemicals used in oil fields aid in the recovery of hydrocarbons, which has significant economic advantages. Also, the industry for oil field chemicals is expanding in some areas, including drilling fluids, workover and completion, and production. Furthermore, oil field chemicals are used in the wastewater treatment process. Wastewater from oil fields is frequently contaminated with a variety of chemical and natural contaminants. These injected chemicals have the potential to corrode pipelines, harm the environment, and clog pipes. Oilfield wastewater treatment frequently uses a gas float and chemical flocculation techniques to treat oily wastewater.
Increasing Demand for Personal Care Products is Driving the Market
According to the government of Saudi Arabia, the cosmetics market is estimated at USD 16 billion in 2021, and the number of imported cosmetics in the past year exceeded USD 0.6 billion in the country.
Rising Demand from Various End-User Industries
According to the Saudi energy minister, Saudi Arabia will increase its oil production by 13 million barrels per day in 2027.
Recent Developments
- Recently, in 2022, Baker Hughes announced an agreement with Dussur to form a Joint venture company that will focus on providing oilfields and industrial chemicals in Saudi Arabia.
- In 2017, U.S.-based Nabors Drilling and Saudi Aramco collaborated to increase their product line and expand their customer base in Saudi Arabia.
- In 2018, Saudi Aramco announced a joint venture with U.S.-based NOV Inc. to produce drilling rigs as well as associated tools in Saudi Arabia.
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Market Segmentation
Saudi Arabia Oil Field Chemicals Market
Company Profiles
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, and Redachem United for Trading Ltd. are some of the key players of Saudi Arabia Oil Field Chemicals Market.
| Attribute | Details |
| Market Size Value in 2022 | USD 928.27 Million |
| Revenue Forecast in 2028 | USD 1232.68 Million |
| Growth Rate | 4.81% |
| Base Year | 2022 |
| Historic Data | 2018 – 2021 |
| Estimated Year | 2023 |
| Forecast Period | 2024 – 2028 |
| Quantitative Units | Revenue in USD Million, Volume in Thousand Tonnes, and CAGR for 2018-2022 and 2023E-2028F |
| Report coverage | Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends |
| Segments covered | Application Oil Field Type Type |
| Regional scope | Eastern Region , Central Region, |
| Key companies profiled | 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 and Redachem United for Trading Ltd. |
| Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
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| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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