Saudi Arabia Oilfield Chemicals Market Forecast: USD 1.38 billion Valuation by 2030

MarkNtel Advisors, a leading market research and consulting firm, has announced the release of its latest study titled Saudi Arabia Oilfield Chemicals Market Research Report: Forecast (2025–2030). This report provides a detailed assessment of the Saudi Arabia Oilfield Chemicals, covering its evolving dynamics, emerging trends, key growth drivers, major challenges, and competitive landscape.

Designed to guide investors, stakeholders, and business leaders, the research aims to deliver valuable insights for strategic planning, risk assessment, and investment decision-making in the years ahead.

Saudi Arabia Oilfield Chemicals Market Timeline Overview

• Historical Years: 2020–23
• Base Year: 2024
• Forecast Years: 2025–2030

This helps businesses identify emerging opportunities, assess market risks, and develop data-driven strategies for long-term success.

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Saudi Arabia Oilfield Chemicals Market Outlook

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). Factors like advancement in technology, oil & gas production domination, and enhancement in oil recovery techniques are fueling the market growth. Out of the total global oil stake, 17% is held by Saudi Arabia alone, making it the largest global oil exporter. Multiple uses in oil refineries like oil extraction, production, cementing, and drilling further create demand for the Oilfield chemicals market. By 2028, the per barrel oil production capacity will be increased to 12.3 million barrels, says the Saudi Energy minister. This creates further demand for oilfield chemicals.

Saudi Arabia Oilfield Chemicals Market Drivers:

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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Saudi Arabia Oilfield Chemicals Market Trends:

Increasing Use of Advanced Oil Recovery Techniques – To maintain production levels, Saudi Arabia is focusing on maximizing oil extraction from mature fields to meet the growing energy demand globally. Enhanced oil recovery techniques are essential in increasing their lifespan. Companies like Saudi Aramco employ various EOR methods, including water flooding and gas injection in the Ghawar oil field which started production in the 1950s. With Saudi Arabia moving towards sustainability development, EOR techniques help in the reduction of the carbon footprint of oil extraction aligning with Saudi Arabia’s Vision 2030 initiative.

Saudi Arabia Oilfield Chemicals Market Segmentation

The study categorizes the Saudi Arabia Oilfield Chemicals Market into various segments and sub-segments, each analyzed for its size, growth potential, and contribution to the overall industry.

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)

Geographical Analysis

The report presents detailed insights into the market’s geographical expansion, highlighting key trends and opportunities across the following geographies:

By Region

• North
• South
• East
• West
• Central.

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Leading Companies in Saudi Arabia Oilfield Chemicals Market Worldwide: Players, Analysis & Future Outlook

• 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.
•  

Key Highlights of the Report

• Comprehensive Market Overview: In-depth analysis of market size, share, and forecasts from 2025 to 2030.
• Growth Drivers & Challenges: Clear insights into factors feeling or restraining market expansion.
• Investment & Regulatory Insights: Evaluation of key policies, funding trends, and collaborations influencing industry performance.
• Competitive Landscape: Detailed profiles of leading companies, including product portfolios, business strategies, financials, and recent developments such as mergers & acquisitions.

Analytical Tools: Application of SWOT Analysis, PESTEL Analysis, and Porter’s Five Forces Model to assess competition and external influences

Browse through our flexible pricing plans and choose the package that best fits your business needs whether you require a single-user license, corporate access, or customized insights. Once you select the plan that suits your requirements, you can purchase and instantly access the full report online – https://www.marknteladvisors.com/pricing/saudi-arabia-oilfield-chemicals-market.html    

Frequently Asked Questions (FAQ)

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About Us

MarkNtel Advisors is a premier market research and consulting firm specializing in the chemical industry, with expertise across specialty chemicals, petrochemicals, industrial chemicals, and chemical processing technologies. Our research solutions guide manufacturers, suppliers, and investors in tracking innovation, pricing trends, and sustainability initiatives. Through Custom Market Analysis, we deliver precise, business-specific intelligence, helping clients optimize production efficiency, manage volatility, and capture new opportunities within the global chemicals ecosystem.

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