UAE Oilfield Chemicals Market Research Report: Forecast 2023-2028

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UAE Oilfield Chemicals Market
2023-2028
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Market Insights
The UAE Oilfield Chemicals Market is projected to
grow at a CAGR of around 4.2 during the forecast
period, i.e., 2023-28. The market growth is
accredited to the rising applications of
chemicals in numerous operations such as
production, drilling, well stimulation, oil
recovery, cementing, etc. With a vast populace
and consumer base relying on the conventional
form of energy obtained from oil and fuel
reservoirs, the industry will likely tread
positively in the forecasting period. Besides,
the explorations and discovery of new oil fields,
combined with increased production and
well-stimulation of established reservoirs, will
likely fuel the demand for oilfield chemicals
extending the market ascension.
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Market Driver
Key Driver Rising Investments in
Well-stimulation Technologies
Well stimulation refers to the process of
arbitration performed on an oil or gas well to
surge the production flow. Advancements in
stimulation technologies due to increased
research and development activities by market
participants are lowering the costs while
improving the efficiency of good stimulation to
cater to the high natural gas and crude oil
requirement, which is driving the industry. As a
result, the enhanced oil recovery and advancement
in oil extraction processes are accelerating the
industry. Additionally, to deliver the increased
electricity and power requirement, especially for
commercial and residential utilization, the fuel
extraction services are likely to strengthen,
adding to the market value.
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Market Segmentation
By Application Drilling, Production, Completion
Workover, Cementing, Well Stimulation
Enhanced Oil Recovery EOR
By Product Inhibitors, Surfactants, Polymers,
Biocides, Scavengers, Demulsifiers, Antiform
Agents, Others
By Region Abu Dhabi Al Ain, Dubai, Sharjah
Northern Emirates
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