Kuwait & Iraq Oilfield Chemicals Market share, Market trends, and forecasts from 2019 to 2027

As per the latest report by Allied Market Research, Kuwait & Iraq oilfield chemicals market size was valued at $552.2 million in 2019, and is expected to reach $706.1 million by 2027, registering a CAGR of 3.8% from 2020 to 2027. The report offers an extensive analysis of changing market dynamics, key winning strategies, business performance, major segments, and competitive scenarios. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage." The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter's Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage.

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Surge in crude oil production and exploration activities and increase in demand for advanced drilling fluids drive the growth of the Kuwait & Iraq oilfield chemicals market. However, frequent fluctuations in crude oil pricing hinder the market growth. On the other hand, development and surge in adoption of eco-friendly oilfield chemicals create new opportunities for the market player in the coming years.

The report offers key drivers that propel the growth in the market. These insights help market players in devising strategies to gain market presence. The research also outlined restraints of the market. Insights on opportunities are mentioned to assist market players in taking further steps by determining potential in untapped regions.

Based on application, the drilling segment accounted for the largest share in 2019, holding more than two-thirds of the total share, and is expected to maintain the largest share throughout the forecast period. However, the production segment is expected to register the highest CAGR of 4.4% from 2020 to 2027.

Based on country, Iraq contributed the highest share, accounting for nearly three-fifths of the total market share in 2019, and will maintain its dominance throughout the forecast period. In addition, Iraq is expected to grow at the highest CAGR of 3.9% from 2020 to 2027.

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Leading market players analyzed in the research include BASF SE, Solvay SA, Schlumberger Limited, Baker Hughes Company, Catalyst LLC, Croda International Plc, Al Sanea Chemical Products, Jereh Global Development LLC, Petroleum Equipment Technology Corporation, Chevron Corporation, and Halliburton.

By Application:
Drilling
Stimulation
Cementing
Drilling fluids
Production
Production and treatment facilities
Enhanced oil recovery
Refining & processing (petrochemical extraction and processing)
Water Treatment
Desalination
Process water treatment
Waste water treatment
Other Industries

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Key offerings of the report:
Key drivers & Opportunities: Detailed analysis on driving factors and opportunities in different segments for strategizing.
Current trends & forecasts: Comprehensive analysis on latest trends, development, and forecasts for next few years to take next steps.
Segmental analysis: Each segment analysis and driving factors along with revenue forecasts and growth rate analysis.
Regional Analysis: Thorough analysis of each region help market players devise expansion strategies and take a leap.
Competitive Landscape: Extensive insights on each of the leading market players for outlining competitive scenario and take steps accordingly.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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