The Saudi Arabia Oilfield Chemicals Market size is valued at around USD 0.95 billion in 2024 and is projected to reach around USD 1.38 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 5% during the forecast period (2025-30). According to MarkNtel Advisors Study.
Saudi Arabia Oilfield Chemicals Market Driver:
Rising Oil Production & Exploration Activities – In 2023, 79.1% of the world’s crude oil reserves are situated in OPEC Countries with Saudi Arabia alone having a share of 21.5%. With this boost in oil production, the demand for oilfield chemicals rises significantly. The boost in oil production is planned to meet the rising global oil demand. They are also investing in onshore and offshore locations to explore new reserves in deep waters. This will boost the market for oilfield chemicals as well. Exploration experiments in the Red Sea by Saudi Aramco are some of the recent examples. With the use of oilfield chemicals in drilling and extraction, oil reserves inaccessible before like this, got explored.
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Key Market Reports Highlights
- Market Dimensions & Projections
- Pricing Evaluation
- Recent Strategic Moves by Companies
- Primary Stakeholders
- Import/Export Trend Analysis
- Competitive Landscape Assessment
- Emerging Opportunities
- Market Trends and Indicators
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Saudi Arabia Oilfield Chemicals Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2024
-Historical Period: 2020 to 2023
-Forecast Period: 2025 to 2030
- By Type
- Commodity Oilfield Chemicals – Market size and Forecast 2020-2030, (Thousand Tons)
- Special Oilfield Chemicals – Market size and Forecast 2020-2030, (Thousand Tons)
- By Product
- Biocides- Market size and Forecast 2020-2030, (Thousand Tons)
- Corrosion & Scale Inhibitors- Market size and Forecast 2020-2030, (Thousand Tons)
- De-emulsifier- Market size and Forecast 2020-2030, (Thousand Tons)
- Surfactants- Market size and Forecast 2020-2030, (Thousand Tons)
- Polymers- Market size and Forecast 2020-2030, (Thousand Tons)
- Lubricants- Market size and Forecast 2020-2030, (Thousand Tons)
- Hydrogen Sulfide Scavengers- Market size and Forecast 2020-2030, (Thousand Tons)
- Fluid Loss Additive- Market size and Forecast 2020-2030, (Thousand Tons)
- By Application
- Drilling Fluid Chemicals – Market size and Forecast 2020-2030, (Thousand Tons)
- Production Chemicals – Market size and Forecast 2020-2030, (Thousand Tons)
- Completion Fluid Chemicals – Market size and Forecast 2020-2030, (Thousand Tons)
- Cementing Chemicals/Additives – Market size and Forecast 2020-2030, (Thousand Tons)
- Well Simulation Fluid Chemicals & EOR – Market size and Forecast 2020-2030, (Thousand Tons)
- By Oilfield Type
- Onshore – Market size and Forecast 2020-2030, (Thousand Tons)
- Offshore- Market size and Forecast 2020-2030, (Thousand Tons)
- By Region
- North
- South
- East
- West
- Central
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including – Baker Hughes Saudi Arabia Co, Halliburton Co Saudi Arabia, Schlumberger Middle East Sa, Saudi Arabia BASF, Dow Saudi Arabia, Aubin Ltd., Arkema Chemicals Saudi Arabia Company, The Solvay Group, Clariant Ali Al Abdullah Al Tamimi Company Ltd, Redachem United for Trading Ltd. and others are looking forward to strengthening their market positions.
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Saudi Arabia Oilfield Chemicals Industry Recent Development:
February 2024: Baker Hughes Saudi Arabia Co and Dussur inaugurated the Petrolite Chemicals Facility in Jubail’s Plaschem Park for the production of industrial, power generation, and oilfield chemicals.
March 2022: Halliburton Co. Saudi Arabia opened an oilfield chemical manufacturing plant in Saudi Arabia.
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