Saudi Arabia Oilfield Chemicals Market Analysis, 2020

Unrelenting Production of Crude Oil and Natural Gas and Geopolitical Events Boosting the Oilfield Chemicals Market in Saudi Arabia

The Saudi Arabia Oilfield Chemicals Market Analysis, 2020 research report depicts a deep-dive market analysis of statistics of Saudi Arabia Oilfield Chemicals market which consists of regional market size, market forecast, CAGR market segmentation, market shares of diverse regions and countries, market share of various end users, applications, product type, technologies, competitive benchmarking, etc.

Market Overview

According to this research report titled “Saudi Arabia Oilfield Chemicals Market Analysis, 2020”, the market size of Saudi Arabia Oilfield Chemicals market in 2020 is estimated to be around USD 0.89 billion. The eastern province had a market share of around 45% in 2019. The continuous growth in crude oil production amid a slowdown in demand owing to economic lockdowns and curfews in Asia and Europe due to COVID-19, further pushed the demand for oil field chemicals in Saudi Arabia. These geopolitical events are further projected to boost the demand for oil field chemicals in Saudi Arabia.

Eastern Region to Grab the Majority Market Share of Oilfield Chemicals

Saudi Arabia has more than 100 oilfields that are majorly situated in the Eastern province of the kingdom. Saudi Aramco is the leading producer of gas and crude oil in the country. Moreover, companies such as Nalco, REDA, and Baker Hughes are some of the prominent companies of oilfield chemicals operating in the country. The major growth of oilfield chemicals is generated from the increasing production of crude oil and natural gases at oilfields where these chemicals are used from extraction to transportation. Moreover, catalyzing the focus of the offshore drilling activity of the companies is driving the demand for oilfield chemicals at oilfields in Saudi Arabia as stated in the research report “Saudi Arabia Oilfield Chemicals Market Analysis, 2020”.

Burgeoning Demand for Natural Gas and Crude Oil Production

The production of natural gas and crude oil has driven its corresponding market in Saudi Arabia. Moreover, the consistent plunge in oil prices has increased the focus of manufacturing companies toward greater production of natural gas. Exploration of shale gas in the offshore drilling fields in the eastern province is also a major factor for the growth of the Oilfield Chemicals market in Saudi Arabia.

According to the author, the key players with a considerable market share in the Saudi Arabia Oilfield Chemicals market include BASF, CECA, Nalco Champion, Clariant AG, Baker Hughes, Halliburton, Dow Chemicals, AKZO Nobel, AUBIN Group, REDA Oilfield, etc.

Key Questions Answered in the Market Research Report

1. What are the key overall market statistics or market estimates (Market Overview, Market Size- By Value, Forecast Numbers, Market Segmentation, Market Shares) of Saudi Arabia Oilfield Chemicals Market?
2. What are the region-wise industry size, growth drivers and challenges key market trends?
3. What are the key innovations, technology upgrades, opportunities, regulations in the Saudi Arabia Oilfield Chemicals Market?
4. Who are the key competitors or market players and how they perform in Saudi Arabia Oilfield Chemicals Market based on the competitive benchmarking matrix?
5. What are the key results derived from the market surveys conducted during the Saudi Arabia Oilfield Chemicals Market study?