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Oilfield chemicals are used in drilling and exploration of gas and oil so as to make these operations better by improving the efficiency and productivity of the oil drilling process. They protect the equipment and pipes from corrosion by separating oil and water from oil which usually form an emulsion.
UAE Oilfield Chemicals Market Analysis, 2020 research report depicts a deep-dive market analysis of statistics of UAE Oilfield Chemicals market which consists of regional and country-wise market size, market forecast, CAGR market segmentation, market shares of diverse regions, market share of various end users, applications, product type, technologies, competitive benchmarking, etc.
Market Opportunities
According to MarkNtel Advisors’ research report titled “UAE Oilfield Chemicals Market Analysis, 2020”, the UAE Oilfield Chemicals market is anticipated to grow at a considerable CAGR during 2020-25F. Oilfield chemicals finds their applications in all the stages of the oil & gas industry which include initial well drilling and production of oil and gas. The escalating production of crude oil production, boost in the deep drilling activities, both offshore and onshore, and burgeoning expenditure in advanced oilfield chemicals to enhance properties such as thickening, emulsification, stabilization, and conditioning, are anticipated to generate lucrative opportunities for the growth of market players during the forecast period.
Market Segmentation
Abu Dhabi & Al Ain, and Sharjah & Northern Emirates Acquired Highest Market Share
Based on Region, Abu Dhabi & Al Ain and Sharjah & Northern Emirates captured majority market share in the UAE Oilfield Chemicals market. The surging crude oil production in the region, extensive investment toward oil & gas development projects and growing alliances between countries to promote oil exploration are anticipated to actively contribute toward the growth of the Oilfield Chemicals market in the coming years as stated in the MarkNtel Advisors’ research report “UAE Oilfield Chemicals Market Analysis, 2020”.
Competitive Landscape
According to MarkNtel Advisors, the key players with a considerable market share in the UAE Oilfield Chemicals market include BASF, Aquaness, Nalco Champion, Clariant AG, Baker Hughes, Dow Chemicals, AKZO Nobel, Al MIHRAB, OILPLUS DMCC, Al Moghera LLC etc.
Key Questions Answered in the Market Research Report:
Market Outlook, Segmentation and Statistics:
Frequently Asked Questions
Q. What is the historical year, base year and forecast year considered in the research report on UAE Oilfield Chemicals Market?
A. The historical data has been provided since 2015, while the base year is 2019 and the data is forecast up-to 2025.
Q. What are the units or denomination for measuring market value and volume in the report?
A. The market size/industry size or the market value is measured in terms of USD Million.
Q. What would be the growth rate or CAGR of UAE Oilfield Chemicals Market during 2020-25?
A. The growth rate of UAE Oilfield Chemicals Market during 2020-25 is forecast to be grow at a considerable CAGR in the forecasted period
Q. Who are the key competitors or players operating in UAE Oilfield Chemicals Market?
A. BASF, Aquaness, Nalco Champion, Clariant AG, Baker Hughes, Dow Chemicals, AKZO Nobel, Al MIHRAB, OILPLUS DMCC, Al Moghera LLC etc., are few of the leading players in the UAE Oilfield Chemicals Market.
Q. Which application segment would emerge as an opportunity area for players in UAE Oilfield Chemicals Market?
A. Drilling Fluid Chemical is expected to attain the highest CAGR during the forecast period and maintain its significant market share.
Q. Which region would emerge as an opportunity area for players in UAE Oilfield Chemicals Market?
A. Dubai grabbed a majority market share continue to grow at a highest CAGR, presenting immense opportunities for manufacturers and suppliers of UAE Oilfield Chemicals Market.
