Middle East and Africa Specialty Oilfield Chemicals Market, By Type (Biocides, Inhibitors, Viscosifiers, Demulsifiers, Surfactants, Acids, Friction Reducers, Iron Control Agents, Polymers, Wetting Agents, Dispersants, Additives, Retarders, Defoamers, Emulsifiers, Others), Application (Drilling, Production, Stimulation, Cementing, Enhanced Oil Recovery (EOR), Workover & Completion, Others), Country (Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights: Middle East and Africa Specialty Oilfield Chemicals Market
The specialty oilfield chemicals market is expected to witness market growth at a rate of 4.5% in the forecast period of 2021 to 2028. Data Bridge Market Research report on specialty oilfield chemicals market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The increase in demand for the product for various industrial applications is escalating the growth of specialty oilfield chemicals market.
Specialty oilfield chemicals are defined as the elements that are commonly used in the recovery of oil and efficiently declining the environmental impact in the oil extraction process. The extraction processes such as production, stimulation, drilling, and improved oil recovery, among other specialty chemicals that are utilized in each of these step of process. Specialty oilfield chemicals are deployed in the prevention of formation of wax in oil and declining the corrosion of the walls of the pipe.
The growing number of crude oil production across the globe acts as one of the major factors driving the growth of specialty oilfield chemicals market. The increase in demand from enhanced oil recovery application and high level of crude oil production accelerate the market growth. The rise in application in drilling fluid activities, production chemicals, and workover and completion, and use of the chemical in industrial and institutional cleaning chemicals, specialty advanced polymers, pesticides, and construction chemicals among several others further influence the market. Additionally, high level of crude oil production, rise in deep drilling and ultra-deep drilling activities for oil and gas and rapid industrialization positively affect the specialty oilfield chemicals market. Furthermore, discoveries of new oilfields and increase in aging oil reservoirs extends profitable opportunities to the market players in the forecast period of 2021 to 2028.
On the other hand, declining crude oil prices and high cost associated with the disposal procedures for chemicals after use are expected to obstruct the market growth. The stringent regulations against chemicals potentially harmful for the environment are projected to challenge the specialty oilfield chemicals market in the forecast period of 2021-2028.
This specialty oilfield chemicals market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on specialty oilfield chemicals market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Middle East and Africa Specialty Oilfield Chemicals Market Scope and Market Size
The specialty oilfield chemicals market is segmented on the basis of type, and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of type, the specialty oilfield chemicals market is segmented into biocides, inhibitors, viscosifiers, demulsifiers, surfactants, acids, friction reducers, iron control agents, polymers, wetting agents, dispersants, additives, retarders, defoamers, emulsifiers and others.
- On the basis of application, the specialty oilfield chemicals market is segmented into drilling, production, stimulation, cementing, enhanced oil recovery (EOR), workover & completion and others.
Middle East and Africa Specialty Oilfield Chemicals Market Country Level Analysis
The specialty oilfield chemicals market is analyzed and market size insights and trends are provided by country, type, and application as referenced above.
The countries covered in the Middle East and Africa specialty oilfield chemicals market report are Saudi Arabia, South Africa, UAE, Egypt, Israel and Rest of Middle East and Africa.
Saudi Arabia dominates the Middle East and Africa surgical operating microscopes market due to the surge in investments within the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Middle East and Africa Specialty Oilfield Chemicals Market Share Analysis
The specialty oilfield chemicals market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to specialty oilfield chemicals market.
The major players covered in the specialty oilfield chemicals market report are BASF SE, Baker Hughes, a GE company LLC, Croda International Plc, Schlumberger Limited, Huntsman International LLC, Ecolab, Solvay, ELEMENTIS PLC, Evonik Industries AG, Halliburton, Stepan Company, CPS Performance Materials, Ashland, Innospec, Roemex Limited, Clariant, Kemira, KRATON CORPORATION, and Chevron Corporation, among other. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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