Middle East & Africa Oilfield Chemicals Market Introduction and Overview
According to SPER Market Research, the Middle East & Africa Oilfield Chemicals Market is estimated to reach USD 3.59 billion by 2033 with a CAGR of 4.95%.
The report includes an in-depth analysis of the Middle East & Africa Oilfield Chemicals Market, including market size and trends, product mix, Applications, and supplier analysis. Oilfield chemicals are specialist chemicals that are utilized for a variety of industrial reasons. These include drilling fluids, well stimulation fluids, production chemicals, enhanced oil recovery, workover and completion, cementing fluids, and so on, all of which are used to maximize output from oilfields in order to fulfill customers' increasing energy demands. These may be an essential component of the oil extraction process or may serve to assist it by being used in equipment maintenance.
- Halliburton announced the opening of the Halliburton Chemical Reaction Plant in Saudi Arabia in March 2022. This facility will generate a variety of chemicals for usage throughout the oil and gas value chain.
- In February 2024, Baker Hughes and Dussur opened a Saudi Petrolite Chemicals facility in Jubail, Saudi Arabia. It concentrates on the production of oilfield and industrial chemicals. The plant will domesticate critical raw material sources such as solvents and glycols, improving the overall supply chain for oilfield chemicals.
Market Opportunities and Challenges
Opportunities:
Increased technology breakthroughs and emphasis on production optimization
Advances in oilfield technology, including as horizontal drilling, hydraulic fracturing, and enhanced oil recovery techniques, have increased the complexity and efficiency of oil and gas operations. These new procedures frequently rely on specialized chemical formulations and additives to improve performance, resulting in increased demand for oilfield chemicals. Additionally, oil and gas corporations seek to maximize production rates and recovery factors from existing wells and reservoirs. This increases the requirement for production chemicals that handle issues including corrosion, scale deposition, emulsion formation, and flow assurance.
Challenges:
Strict environmental regulations and compliance requirements hinders the market
The environmental authorities monitor oilfield operations that use hazardous chemicals, lowering the chance of toxic chemicals being released into the soil and water. They operate by regulating the usage of harmful substances in the processes. This causes corporations to use less hazardous chemical replacements at the price of more efficient ones, resulting in increased investment in regulatory compliance procedures.
Market Competitive Landscape
The market for oilfield chemicals in the Middle East and Africa is extremely fragmented, with a number of competitors including Halliburton, Clariant, Schlumberger Limited, BASF SE, Baker Hughes LLC, Ideal Energy Solutions LLC, Nalco Champion, Royal Dutch Shell PLC, Solvay.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Product, By Application.
|
| Regions covered | South Africa, Nigeria, Kenya, Ghana, United Arab Emirates, Egypt, Rest of Middle East & Africa. |
| Companies Covered | Halliburton, Clariant, Schlumberger Limited, BASF SE, Baker Hughes LLC, Ideal Energy Solutions LLC, Nalco Champion, Royal Dutch Shell PLC , Solvay. |
COVID-19 Impact on Middle East & Africa Oilfield Chemicals Market
The market expansion for oilfield chemicals in the Middle East and Africa was adversely affected by the COVID-19 outbreak. Lockdowns were implemented by the governments to stop the virus's spread because of the region's stubbornly high COVID-19 infection rate. As a result, the market for oilfield chemicals saw a sharp drop at this time due to a halt in oil and gas exploration activity. Following the pandemic, the region also saw a significant shift towards renewable energy sources, which could potentially have a detrimental impact on the oilfield chemicals business in the Middle East and Africa.
By Application Insights
The segment with the biggest share in 2023 was workover and completion. To increase the productivity of oil and gas wells, workover and completion operations include a variety of well intervention techniques. These tasks include well cleaning, perforation, stimulation, and repair in order to maximize output and prolong well life. These procedures are made possible in large part by oilfield chemicals, which solve problems including corrosion, scale formation, and formation damage. The crucial role that workover and completion operations play in maximizing resource recovery, increasing oil and gas production, and guaranteeing the integrity and dependability of oilfield assets is what propels the market for oilfield chemicals to dominate this segment.
Key Target Audience:
- Oil and gas exploration and production companies
- Drilling contractors and service providers
- National oil companies (NOCs)
- International oil companies (IOCs)
- Refining and petrochemical companies
- Chemical manufacturers and suppliers
- Enhanced oil recovery (EOR) solution providers
- Pipeline and transportation companies
- Offshore and onshore oilfield operators
Our in-depth analysis of the Middle East & Africa Oilfield Chemicals Market includes the following segments:
| By Product: | DemulsifiersInhibitorsRheology ModifiersFriction ReducersBiocidesSurfactantsFoamersOthers |
| By Application: | Drilling FluidProduction ChemicalsCementingWorkover & Completion |
Key Topics Covered in the Report:
- Middle East & Africa Oilfield Chemicals Market Size (FY’2024-FY’2033)
- Overview of Middle East & Africa Oilfield Chemicals Market
- Segmentation of Middle East & Africa Oilfield Chemicals Market By Product (Demulsifiers, Inhibitors, Rheology Modifiers, Friction Reducers, Biocides, Surfactants, Foamers, Others)
- Segmentation of Middle East & Africa Oilfield Chemicals Market By Application (Drilling Fluid, Production Chemicals, Cementing, Workover & Completion)
- Statistical Snap of Middle East & Africa Oilfield Chemicals Market
- Expansion Analysis of Middle East & Africa Oilfield Chemicals Market
- Problems and Obstacles in Middle East & Africa Oilfield Chemicals Market
- Competitive Landscape in the Middle East & Africa Oilfield Chemicals Market
- Impact of COVID-19 and Demonetization on Middle East & Africa Oilfield Chemicals Market
- Details on Current Investment in Middle East & Africa Oilfield Chemicals Market
- Competitive Analysis of Middle East & Africa Oilfield Chemicals Market
- Prominent Players in the Middle East & Africa Oilfield Chemicals Market
- SWOT Analysis of Middle East & Africa Oilfield Chemicals Market
- Middle East & Africa Oilfield Chemicals Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPERs internal database
2.1.4. Premium insight from KOLs
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Middle East & Africa Oilfield Chemicals Market.
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTERs Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Middle East & Africa Oilfield Chemicals Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Middle East & Africa Oilfield Chemicals Market
7. Middle East & Africa Oilfield Chemicals Market, By Product (USD Million) 2020-2033
7.1. Middle East & Africa Oilfield Chemicals Market Size, Share and Forecast, By Product, 2020-2026
7.2. Middle East & Africa Oilfield Chemicals Market Size, Share and Forecast, By Product, 2027-2033
7.3. Demulsifiers
7.4. Inhibitors
7.5. Rheology Modifiers
7.6. Friction Reducers
7.7. Biocides
7.8. Surfactants
7.9. Foamers
7.10. Others
8. Middle East & Africa Oilfield Chemicals Market, By Application (USD Million) 2020-2033
8.1. Middle East & Africa Oilfield Chemicals Market Size, Share and Forecast, By Application, 2020-2026
8.2. Middle East & Africa Oilfield Chemicals Market Size, Share and Forecast, By Application, 2027-2033
8.3. Drilling Fluid
8.4. Production Chemicals
8.5. Cementing
8.6. Workover & Completion
9. Middle East & Africa Oilfield Chemicals Market Forecast, 2020-2033 (USD Million)
9.1. Middle East & Africa Oilfield Chemicals Market Size and Market Share
10. Middle East & Africa Oilfield Chemicals Market, By Region, 2020-2033 (USD Million)
10.1. Middle East & Africa Oilfield Chemicals Market Size and Market Share By Region (2020-2026)
10.2. Middle East & Africa Oilfield Chemicals Market Size and Market Share By Region (2027-2033)
10.3. South Africa
10.4. Nigeria
10.5. Kenya
10.6. Ghana
10.7. United Arab Emirates
10.8. Egypt
10.9. Rest of Middle East & Africa
11. Company Profile
11.1. Halliburton
11.1.1. Company details
11.1.2. Financial outlook
11.1.3. Product summary
11.1.4. Recent developments
11.2. Clariant
11.2.1. Company details
11.2.2. Financial outlook
11.2.3. Product summary
11.2.4. Recent developments
11.3. Schlumberger Limited
11.3.1. Company details
11.3.2. Financial outlook
11.3.3. Product summary
11.3.4. Recent developments
11.4. BASF SE
11.4.1. Company details
11.4.2. Financial outlook
11.4.3. Product summary
11.4.4. Recent developments
11.5. Baker Hughes LLC
11.5.1. Company details
11.5.2. Financial outlook
11.5.3. Product summary
11.5.4. Recent developments
11.6. Ideal Energy Solutions LLC
11.6.1. Company details
11.6.2. Financial outlook
11.6.3. Product summary
11.6.4. Recent developments
11.7. Nalco Champion
11.7.1. Company details
11.7.2. Financial outlook
11.7.3. Product summary
11.7.4. Recent developments
11.8. Royal Dutch Shell PLC
11.8.1. Company details
11.8.2. Financial outlook
11.8.3. Product summary
11.8.4. Recent developments
11.9. Solvay
11.9.1. Company details
11.9.2. Financial outlook
11.9.3. Product summary
11.9.4. Recent developments
11.10. Others
12. Conclusion
13. List of Abbreviations
14. Reference Links