
Middle East and Africa Oilfield Chemicals Market, By Product (Corrosion & Scale Inhibitors, Demulsifiers, Surfactants, Others); By Application (Drilling, Cement, Stimulation, Production); By Country (Saudi Arabia, UAE, Qatar, Kuwait, South Africa, Nigeria
Description
Middle East and Africa Oilfield Chemicals Market, By Product (Corrosion & Scale Inhibitors, Demulsifiers, Surfactants, Others); By Application (Drilling, Cement, Stimulation, Production); By Country (Saudi Arabia, UAE, Qatar, Kuwait, South Africa, Nigeria, Algeria, Rest of MEA); Trend Analysis, Competitive Landscape & Forecast, 2019–2029
Middle East and Africa Oilfield Chemicals Market Size Growing Steadily to Reach USD 3 Billion by 2029
Middle East and Africa oilfield chemicals market is gaining traction because of the increased drilling activities and increased oil & gas exploration and production.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated Middle East and Africa oilfield chemicals market size at USD 2.15 billion in 2022. During the forecast period between 2023 and 2029, Middle East and Africa oilfield chemicals market size is projected to grow at a steady CAGR of 4.7% reaching a value of USD 2.96 billion by 2029. Rising investments in crude oil production in response to increased demand is one of the major growth factors for Middle East and Africa oilfield chemicals market. The increase in the use of chemicals for drilling fluid operations, manufacturing, workover, and completion, industrial & institutional cleaning, specialized advanced polymers, insecticides, and construction materials has a significant impact on the market growth.
Middle East and Africa Oilfield Chemicals Market – Overview
Oilfield chemicals are chemical elements of different compounds used in oil & gas extraction activities. They are used to enhance these operations by enhancing the productivity and efficiency of the oil drilling and petroleum refining processes. Fibers, suspension, clay control, biocides, polymers, suspension and rheology chemicals, surface modifiers, fillers, and particles are just a few oilfield chemicals that may be utilized as drilling fluids. Drillers also utilize membrane-sealing solutions and specialized cement to stop losses.
Middle East and Africa Oilfield Chemicals Market – By Application
Based on application, Middle East and Africa oilfield chemicals market are segmented into drilling, cement, stimulation, and production. The production segment accounts for the highest market share. Oilfield chemicals are used in many different aspects of exploration and production, such as drilling and cementing optimization as well as the creation of novel fuel-source development techniques like fracturing. These production chemicals enhance these processes by enhancing the productivity and efficiency of the oil drilling and petroleum refining processes, due to which they are gaining huge traction in the market.
Impact of COVID-19 on Middle East and Africa Oilfield Chemicals Market
The COVID-19 pandemic negatively impacted the growth of Middle East and Africa oilfield chemicals market. The adamant increase in the COVID-19 infection rate in the region prompted the governments to impose lockdowns to curb the virus spread. It resulted in stagnation in oil & gas exploration activities, which caused a significant decline in the oilfield chemicals market during this period. The region also witnessed a substantial shift towards renewable energy sources post the pandemic, which may affect Middle East and Africa oilfield chemicals market negatively in the long run as well.
Competitive Landscape
Major players operating in Middle East and Africa oilfield chemicals market include BASF SE, Clariant, Dow, Halliburton, Schlumberger Limited, Nouryon, Baker Hughes Company, Kemira, and Huntsman International LLC. These companies employ various strategies to further enhance their market share, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and the Middle East and Africa Oilfield Chemicals Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the Middle East and Africa Oilfield Chemicals Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
Middle East and Africa Oilfield Chemicals Market Size Growing Steadily to Reach USD 3 Billion by 2029
Middle East and Africa oilfield chemicals market is gaining traction because of the increased drilling activities and increased oil & gas exploration and production.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated Middle East and Africa oilfield chemicals market size at USD 2.15 billion in 2022. During the forecast period between 2023 and 2029, Middle East and Africa oilfield chemicals market size is projected to grow at a steady CAGR of 4.7% reaching a value of USD 2.96 billion by 2029. Rising investments in crude oil production in response to increased demand is one of the major growth factors for Middle East and Africa oilfield chemicals market. The increase in the use of chemicals for drilling fluid operations, manufacturing, workover, and completion, industrial & institutional cleaning, specialized advanced polymers, insecticides, and construction materials has a significant impact on the market growth.
Middle East and Africa Oilfield Chemicals Market – Overview
Oilfield chemicals are chemical elements of different compounds used in oil & gas extraction activities. They are used to enhance these operations by enhancing the productivity and efficiency of the oil drilling and petroleum refining processes. Fibers, suspension, clay control, biocides, polymers, suspension and rheology chemicals, surface modifiers, fillers, and particles are just a few oilfield chemicals that may be utilized as drilling fluids. Drillers also utilize membrane-sealing solutions and specialized cement to stop losses.
Middle East and Africa Oilfield Chemicals Market – By Application
Based on application, Middle East and Africa oilfield chemicals market are segmented into drilling, cement, stimulation, and production. The production segment accounts for the highest market share. Oilfield chemicals are used in many different aspects of exploration and production, such as drilling and cementing optimization as well as the creation of novel fuel-source development techniques like fracturing. These production chemicals enhance these processes by enhancing the productivity and efficiency of the oil drilling and petroleum refining processes, due to which they are gaining huge traction in the market.
Impact of COVID-19 on Middle East and Africa Oilfield Chemicals Market
The COVID-19 pandemic negatively impacted the growth of Middle East and Africa oilfield chemicals market. The adamant increase in the COVID-19 infection rate in the region prompted the governments to impose lockdowns to curb the virus spread. It resulted in stagnation in oil & gas exploration activities, which caused a significant decline in the oilfield chemicals market during this period. The region also witnessed a substantial shift towards renewable energy sources post the pandemic, which may affect Middle East and Africa oilfield chemicals market negatively in the long run as well.
Competitive Landscape
Major players operating in Middle East and Africa oilfield chemicals market include BASF SE, Clariant, Dow, Halliburton, Schlumberger Limited, Nouryon, Baker Hughes Company, Kemira, and Huntsman International LLC. These companies employ various strategies to further enhance their market share, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and the Middle East and Africa Oilfield Chemicals Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the Middle East and Africa Oilfield Chemicals Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
Table of Contents
240 Pages
- 1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
- 2. Executive Summary
- 3. Middle East and Africa Oilfield Chemicals Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Increased Drilling Activities
- 3.2.1.2. Increased Oil & Gas Exploration and Production
- 3.2.2. Restraints
- 3.2.2.1. Growing Trend of Renewable Energy
- 3.2.3. Opportunities
- 3.2.3.1. Aging Oil Field Reservoirs
- 3.2.4. Challenges
- 3.2.4.1. Environmental Concern
- 3.3. Technology Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter’s Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
- 4. Middle East and Africa Oilfield Chemicals Market Overview
- 4.1. Market Size & Forecast, 2019–2029
- 4.1.1. By Value (USD Billion)
- 4.2. Market Share & Forecast
- 4.2.1. By Product
- 4.2.1.1. Corrosion and Scale Inhibitors
- 4.2.1.2. Demulsifiers
- 4.2.1.3. Surfactants
- 4.2.1.4. Others
- 4.2.2. By Application
- 4.2.2.1. Drilling
- 4.2.2.2. Cement
- 4.2.2.3. Stimulation
- 4.2.2.4. Production
- 4.2.3. By Country
- 4.2.3.1. Saudi Arabia
- 4.2.3.2. UAE
- 4.2.3.3. Qatar
- 4.2.3.4. Kuwait
- 4.2.3.5. South Africa
- 4.2.3.6. Nigeria
- 4.2.3.7. Algeria
- 4.2.3.8. Rest of MEA
- 5. Saudi Arabia Oilfield Chemicals Market
- 5.1. Market Size & Forecast, 2019–2029
- 5.1.1. By Value (USD Billion)
- 5.2. Market Share & Forecast
- 5.2.1. By Product
- 5.2.2. By Application
- 6. UAE Oilfield Chemicals Market
- 6.1. Market Size & Forecast, 2019–2029
- 6.1.1. By Value (USD Billion)
- 6.2. Market Share & Forecast
- 6.2.1. By Product
- 6.2.2. By Application
- 7. Qatar Oilfield Chemicals Market
- 7.1. Market Size & Forecast, 2019–2029
- 7.1.1. By Value (USD Billion)
- 7.2. Market Share & Forecast
- 7.2.1. By Product
- 7.2.2. By Application
- 8. Kuwait Oilfield Chemicals Market
- 8.1. Market Size & Forecast, 2019–2029
- 8.1.1. By Value (USD Billion)
- 8.2. Market Share & Forecast
- 8.2.1. By Product
- 8.2.2. By Application
- 9. South Africa Oilfield Chemicals Market
- 9.1. Market Size & Forecast, 2019–2029
- 9.1.1. By Value (USD Billion)
- 9.2. Market Share & Forecast
- 9.2.1. By Product
- 9.2.2. By Application
- 10. Nigeria Oilfield Chemicals Market
- 10.1. Market Size & Forecast, 2019–2029
- 10.1.1. By Value (USD Billion)
- 10.2. Market Share & Forecast
- 10.2.1. By Product
- 10.2.2. By Application
- 11. Algeria Oilfield Chemicals Market
- 11.1. Market Size & Forecast, 2019–2029
- 11.1.1. By Value (USD Billion)
- 11.2. Market Share & Forecast
- 11.2.1. By Product
- 11.2.2. By Application
- 12. Rest of MEA Oilfield Chemicals Market
- 12.1. Market Size & Forecast, 2019–2029
- 12.1.1. By Value (USD Billion)
- 12.2. Market Share & Forecast
- 12.2.1. By Product
- 12.2.2. By Application
- 13. Competitive Landscape
- 13.1. List of Key Players and Their Offerings
- 13.2. Middle East and Africa Oilfield Chemicals Company Market Share Analysis, 2022
- 13.3. Competitive Benchmarking, By Operating Parameters
- 13.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
- 14. Impact of Covid-19 on Middle East and Africa Oilfield Chemicals Market
- 15. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
- 15.1. BASF SE
- 15.2. Clariant
- 15.3. Dow.
- 15.4. Halliburton
- 15.5. Schlumberger Limited
- 15.6. Nouryon
- 15.7. Baker Hughes Company
- 15.8. Kemira
- 15.9. Huntsman International LLC
- 15.10. Other Prominent Players
- 16. Key Strategic Recommendations
- 17. Research Methodology
- 17.1. Qualitative Research
- 17.1.1. Primary & Secondary Research
- 17.2. Quantitative Research
- 17.3. Market Breakdown & Data Triangulation
- 17.3.1. Secondary Research
- 17.3.2. Primary Research
- 17.4. Breakdown of Primary Research Respondents, By Region
- 17.5. Assumptions & Limitations
- *Financial information of case of non-listed companies can be provided as per availability.
- **The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable
- List of Figures
- Figure 1 Middle East and Africa Oilfield Chemicals Segmentation
- Figure 2 Middle East and Africa Oilfield Chemicals Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2022
- Figure 4 Middle East & Africa Oilfield Chemicals Market Size, By Value (USD Billion), 2019–2029
- Figure 5 Middle East & Africa Oilfield Chemicals Market Share, By Product, By Value, 2019–2029
- Figure 6 Middle East & Africa Oilfield Chemicals Market Share, By Application, By Value, 2019–2029
- Figure 7 Middle East & Africa Oilfield Chemicals Market Share, By Country, By Value, 2019–2029
- Figure 8 Saudi Arabia Oilfield Chemicals Market Size, By Value (USD Billion), 2019–2029
- Figure 9 Saudi Arabia Oilfield Chemicals Market Share, By Product, By Value, 2019–2029
- Figure 10 Saudi Arabia Oilfield Chemicals Market Share, By Application, By Value, 2019–2029
- Figure 11 UAE Oilfield Chemicals Market Size, By Value (USD Billion), 2019–2029
- Figure 12 UAE Oilfield Chemicals Market Share, By Product, By Value, 2019–2029
- Figure 13 UAE Oilfield Chemicals Market Share, By Application, By Value, 2019–2029
- Figure 14 Qatar Oilfield Chemicals Market Size, By Value (USD Billion), 2019–2029
- Figure 15 Qatar Oilfield Chemicals Market Share, By Product, By Value, 2019–2029
- Figure 16 Qatar Oilfield Chemicals Market Share, By Application, By Value, 2019–2029
- Figure 17 Kuwait Oilfield Chemicals Market Size, By Value (USD Billion), 2019–2029
- Figure 18 Kuwait Oilfield Chemicals Market Share, By Product, By Value, 2019–2029
- Figure 19 Kuwait Oilfield Chemicals Market Share, By Application, By Value, 2019–2029
- Figure 20 South Africa Oilfield Chemicals Market Size, By Value (USD Billion), 2019–2029
- Figure 21 South Africa Oilfield Chemicals Market Share, By Product, By Value, 2019–2029
- Figure 22 South Africa Oilfield Chemicals Market Share, By Application, By Value, 2019–2029
- Figure 23 Nigeria Oilfield Chemicals Market Size, By Value (USD Billion), 2019–2029
- Figure 24 Nigeria Oilfield Chemicals Market Share, By Product, By Value, 2019–2029
- Figure 25 Nigeria Oilfield Chemicals Market Share, By Application, By Value, 2019–2029
- Figure 26 Algeria Oilfield Chemicals Market Size, By Value (USD Billion), 2019–2029
- Figure 27 Algeria Oilfield Chemicals Market Share, By Product, By Value, 2019–2029
- Figure 28 Algeria Oilfield Chemicals Market Share, By Application, By Value, 2019–2029
- Figure 29 Rest of MEA Oilfield Chemicals Market Size, By Value (USD Billion), 2019–2029
- Figure 30 Rest of MEA Oilfield Chemicals Market Share, By Product, By Value, 2019–2029
- Figure 31 Rest of MEA Oilfield Chemicals Market Share, By Application, By Value, 2019–2029
- List of Tables
- Table 1 Middle East & Africa Oilfield Chemicals Market Size, By Value (USD Billion), 2019–2029
- Table 2 Middle East & Africa Oilfield Chemicals Market Size, By Product, By Value, 2019–2029
- Table 3 Middle East & Africa Oilfield Chemicals Market Size, By Application, By Value, 2019–2029
- Table 4 Middle East & Africa Oilfield Chemicals Market Size, By Country, By Value, 2019–2029
- Table 5 Saudi Arabia Oilfield Chemicals Market Size, By Value (USD Billion), 2019–2029
- Table 6 Saudi Arabia Oilfield Chemicals Market Size, By Product, By Value, 2019–2029
- Table 7 Saudi Arabia Oilfield Chemicals Market Size, By Application, By Value, 2019–2029
- Table 8 UAE Oilfield Chemicals Market Size, By Value (USD Billion), 2019–2029
- Table 9 UAE Oilfield Chemicals Market Size, By Product, By Value, 2019–2029
- Table 10 UAE Oilfield Chemicals Market Size, By Application, By Value, 2019–2029
- Table 11 Qatar Oilfield Chemicals Market Size, By Value (USD Billion), 2019–2029
- Table 12 Qatar Oilfield Chemicals Market Size, By Product, By Value, 2019–2029
- Table 13 Qatar Oilfield Chemicals Market Size, By Application, By Value, 2019–2029
- Table 14 Kuwait Oilfield Chemicals Market Size, By Value (USD Billion), 2019–2029
- Table 15 Kuwait Oilfield Chemicals Market Size, By Product, By Value, 2019–2029
- Table 16 Kuwait Oilfield Chemicals Market Size, By Application, By Value, 2019–2029
- Table 17 South Africa Oilfield Chemicals Market Size, By Value (USD Billion), 2019–2029
- Table 18 South Africa Oilfield Chemicals Market Size, By Product, By Value, 2019–2029
- Table 19 South Africa Oilfield Chemicals Market Size, By Application, By Value, 2019–2029
- Table 20 Nigeria Oilfield Chemicals Market Size, By Value (USD Billion), 2019–2029
- Table 21 Nigeria Oilfield Chemicals Market Size, By Product, By Value, 2019–2029
- Table 22 Nigeria Oilfield Chemicals Market Size, By Application, By Value, 2019–2029
- Table 23 Algeria Oilfield Chemicals Market Size, By Value (USD Billion), 2019–2029
- Table 24 Algeria Oilfield Chemicals Market Size, By Product, By Value, 2019–2029
- Table 25 Algeria Oilfield Chemicals Market Size, By Application, By Value, 2019–2029
- Table 26 Rest of MEA Oilfield Chemicals Market Size, By Value (USD Billion), 2019–2029
- Table 27 Rest of MEA Oilfield Chemicals Market Size, By Product, By Value, 2019–2029
- Table 28 Rest of MEA Oilfield Chemicals Market Size, By Application, By Value, 2019–2029
- Table 29 BASF SE Company Overview
- Table 30 BASF SE Financial Overview
- Table 31 Clariant Company Overview
- Table 32 Clariant Financial Overview
- Table 33 Dow. Company Overview
- Table 34 Dow. Financial Overview
- Table 35 Halliburton Company Overview
- Table 36 Halliburton Financial Overview
- Table 37 Schlumberger Limited Company Overview
- Table 38 Schlumberger Limited Financial Overview
- Table 39 Nouryon Company Overview
- Table 40 Nouryon Financial Overview
- Table 41 Baker Hughes Company - Company Overview
- Table 42 Baker Hughes Company Financial Overview
- Table 43 Kemira Company Overview
- Table 44 Kemira Financial Overview
- Table 45 Huntsman International LLC Company Overview
- Table 46 Huntsman International LLC Financial Overview
Pricing
Currency Rates
Questions or Comments?
Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.