Bharat Book Bureau presents Saudi Arabia Oilfield Chemicals Market Forecast and Opportunities, 2019. Oilfield chemicals are commodity or specialty chemicals used in drilling, production and transportation processes in oil or gas exploration. Various chemicals used in these processes impart different properties to fluids, improving oil production and process efficiency.
Drilling fluid chemicals account for highest share in the Saudi Arabian oilfield chemicals market due to high drilling activities or rig counts across the Kingdom. Further, domestic consumption of oil is forecast to grow at CAGR of 7% during 2014-20, reaching an estimated 5 million barrels per day by 2020. In order to maintain its highest global share in energy exports, alongside meeting domestic energy needs, the Kingdom has planned projects to develop offshore non-associated natural gas fields as well. Baker Hughes is the current market leader in the country’s oilfield chemicals industry.
According to ‘Saudi Arabia Oilfield Chemicals Market Forecast & Opportunities, 2019′, the Saudi Arabian oilfield chemicals market revenues are projected to grow at a CAGR of around 5.1% during 2014-19. Saudi Arabia is also increasing its focus on leveraging unconventional shale gas resources. The country has over 600 trillion cubic feet of shale gas reserves, which is more than twice the amount of proven conventional natural gas reserves.
Saudi Aramco, the national oil company, is presently mapping shale gas reserves and carrying out piloting in three potential areas of the country that include north-west, south Ghawar and Rub-al-Khali. Growing development activities in natural gas sector are expected to drive the demand for oilfield chemicals in the country over the next five years. The ‘Saudi Arabia Oilfield Chemicals Market Forecast & Opportunities, 2019′ report elaborates following particulars about the oilfield market expansion in Saudi Arabia:
-Saudi Arabia Oilfield Chemicals Market Size, Share and Forecast
-Segmental Analysis – Drilling Fluid Chemicals, Stimulation & EOR Chemicals, Production Chemicals, etc.
-Policy & Regulatory Landscape
-Changing Market Trends & Emerging Opportunities
-Competitive Landscape & Strategic Recommendations
Why You Should Buy This Report?
-To gain an in-depth understanding of oilfield chemicals market in Saudi Arabia
-To identify the on-going trends and anticipated growth in the coming years
-To help industry consultants, oilfield chemical manufacturers and stakeholders to align their market-centric strategies
-To obtain research based business decisions and adds weight to presentations and marketing materials
-To gain competitive knowledge of leading players
-To avail 10% customization in the report without any extra charges and get the research data or trends added in the report as per the buyer’s specific needs
The information contained in this report is based upon both primary and secondary sources. Primary research included interviews with oilfield chemicals manufacturers, distributors and industry experts. Secondary research included an exhaustive search of relevant publications like company annual reports, financial reports and proprietary databases.
For more information please contact:
PR Newswire Middle East and North Africa