Saudi Arabia Oilfield Chemicals Market to Reach $ 1.1 Billion by 2025 | TechSci Research
by TechSci Research Market Research ReportsAccording to TechSci Research
report, “Saudi Arabia Oilfield Chemicals Market By Application, By Oilfield
Type, By Type, By Region, Competition, Forecast & Opportunities, 2025”,
Saudi Arabia oilfield chemicals market is projected to grow at nearly 10% to cross
$ 1.1 billion by 2025 on account of growing demand for oil & gas across the
globe and increasing investments in offshore exploration and production
activities in Saudi Arabia. Saudi Arabia is the largest market for oilfield
chemicals in Middle East region and accounted for a share of around 45% in
2019. The market is likely to witness healthy growth during 2020-2025 as
country is aggressively expanding oil and gas exploration activities to
establish oil-market supremacy over the United States, Iran and Russia.
Browse over 65 market data
Figures and Tables spread through 106 Pages and an in-depth TOC on "Saudi
Arabia Oilfield Chemicals Market"
https://www.techsciresearch.com/report/saudi-arabia-oilfield-chemicals-market/5040.html
Saudi Arabia oilfield chemicals
market is segmented based on type, application, oilfield type, company and
region. Based on type, the market can be segmented into Special Oil Field
Chemicals and Commodity Oil Field Chemicals. Special Oil Field Chemicals is
expected to hold the largest market share during forecast period. Based on
application, the market can be segmented into Enhanced Oil Recovery,
Stimulation, Cementing, Completion Production, Drilling, and Others. The
Drilling segment is expected to hold the largest share during the forecast
period because of increasing investments in Exploration & Production
activities in the eastern region.
Regionally, Saudi Arabia oilfield
chemicals market has been segmented into regions including Eastern region,
Central region and Rest of the Saudi Arabia, Eastern region is expected to hold
major share in the market owing to the large oil & gas field reserves in
the region. The major players operating in Saudi Arabia oilfield chemicals
market are Baker Hughes, M-I SWACO, ChampionX Corporation, The Dow Chemical
Company, AUBIN Group, Clariant Altamimi Company Limited, REDA Oilfield, BASF
SE, CECA Arkema, among others
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“Eastern Region is expected to
dominate the oilfield chemicals market during the forecast period, owing to
significantly higher exploration & production activities in the region to
meet the global demand for crude oil & natural gas. The giant Ghawar field
is the major driving factor for the region as large reserves are available
there. Major oilfield chemicals companies are looking into domestic
manufacturing in Saudi Arabia due to the country’s strategic location and proximity
to other OPEC countries. Furthermore, the key manufacturers such as Bakers
Hughes and Halliburton have announced plans to set up their manufacturing bases
in the country, creating lucrative opportunities for the growth of market over
the next few years.” said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“Saudi Arabia Oilfield Chemicals
Market By Application, By Oil Field Type, By Type, By Region, By Company, Competition, Forecast
& Opportunities, 2025”, has evaluated the future growth potential of
oilfield chemicals and provides statistics & information on market size,
structure and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions.
Besides, the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in Saudi Arabia oilfield
chemical market.
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Created on Dec 14th 2020 00:36. Viewed 236 times.