DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/d6693r/saudi_arabia) has announced the addition of the "Saudi Arabia Oilfield Chemicals Market Forecast and Opportunities, 2019" report to their offering.
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 the natural gas sector are expected to drive the demand for oilfield chemicals in the country over the next five years.
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 the 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.
Key topics covered by "Saudi Arabia Oilfield Chemicals Market Forecast & Opportunities, 2019" include:
- 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
Key Topics Covered:
- Research Methodology
- Analyst View
- Global Oilfield Chemicals Market Outlook
- Saudi Arabia Oilfield Chemicals Market Outlook
- Saudi Arabia Oilfield Chemicals Market Segmental Analysis
- Market Dynamics
- Market Trend & Developments
- Policy & Regulatory Landscape
- Saudi Arabia Economic Profile
- Competitive Landscape
- Strategic Recommendations
Companies Mentioned
- Arabian Minerals and Chemicals Co. Ltd. (M-I SWACO)
- Baker Hughes Incorporated
- Champion Arabia Co. Ltd.
- REDA Oilfield KSA
For more information visit http://www.researchandmarkets.com/research/d6693r/saudi_arabia.
