According to a new report by UnivDatos, the Saudi Arabia Oilfield Chemicals Market is expected to reach USD million in 2033 by growing at a CAGR of 5.34% during the forecast period (2025- 2033F). The Saudi oilfield chemical market relies on new oilfield discoveries as a crucial growth factor. It heightens the demand for sophisticated drilling fluid, stimulation, and production chemicals required to maximize the recovery of new reservoirs. Furthermore, the developments represent additional steps by the Kingdom to invest more in exploration efforts, as well as to improve its output efficiency in utilizing chemical-based solutions. Moreover, the growth in upstream activities also promotes the use of chemical formulations tailored to specific areas, depending on geological conditions, which in turn drives market growth.

On February 10, 2025, Nouryon announced the opening of its new office in Al Dhahran, Saudi Arabia. The new office is in the prestigious Al Abdulkarim Tower, the tallest commercial tower in the Eastern Province, in the heart of one of the largest cities in the Gulf. This move marks a significant milestone in Nouryon's commitment to expanding its operations and better serving its customers in the Middle East. The new Al Dhahran office will primarily function as a sales hub. A commercial team will be based there to serve key end markets in the region, including packaging, polymer specialties, building and construction, oilfield, and personal care.

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Driver: Increased Crude Oil Production

The key driver of the oilfield chemicals market is the increased production of crude oil in Saudi Arabia. With the Kingdom increasing production for both local and international markets, the associated chemicals also increase in use for drilling, production, stimulation, and enhanced oil recovery. Such chemicals are essential for enhancing well performance, sustaining the flow control manifold, and reducing the frequency of operations that must be shut down. As the country currently has strategic plans, such as Vision 2030, that will help to improve the energy sector, there is an increasing demand for high-performance oilfield chemicals.

• Saudi Arabia was the world’s third-highest crude oil and condensate producer, the world’s top crude oil exporter, and OPEC’s top crude oil producer in 2023.
• According to the EIA.gov, in its October 2024 report, Saudi Arabia produced 9.5 million barrels per day of crude oil in 2023.

Segments that transform the industry

• Based on oilfield type, the Saudi Arabian Oilfield Chemicals market is segmented into offshore and onshore. Among them, the offshore is expected to grow with the highest CAGR during the forecast period (2025-2033F). Offshore is a key growth driver, as Saudi Arabia is committed to all efforts to diversify its upstream assets, in addition to its onshore mega fields, such as Ghawar. High-specification oilfield chemicals are in demand in offshore fields due to the severe pressures and hostile, corrosive conditions. Due to the massive investment in offshore rigs and fields, the demand for custom chemical solutions is increasing at a rapid rate. On September 5, 2024, Saipem awarded two offshore contracts in Saudi Arabia under its existing long-term agreement with Saudi Aramco. The total value of the two contracts is approximately USD 1 billion. Saipem’s scope of work under the first contract includes the engineering, procurement, construction, and installation (EPCI) of three production deck modules (PDMs), 33 km of 12-inch and 16-inch diameter subsea rigid pipelines, and 34 km of subsea cables. These infrastructures will be installed in the Marjan oil and gas field.

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Region that transforms the industry

• The central region is expected to grow with a significant CAGR during the forecast period (2025-2033F). The development of the Central Region is being driven by the growth of its infrastructure, both in terms of gas processing and fuel transport, to meet regional needs. The growth of the main oil fields and unconventional gas deposits helps achieve stable growth. This drives an increase in the use of specialty and commodity oilfield chemicals in the areas of enhanced recovery, corrosion control, and gas treating. Consequently, this market is poised to experience a steady increase in demand for customized chemical solutions that can be developed to suit a diverse range of reservoir environments.

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