Market Overview

MEA Specialty Chemicals Market Size, Share, Development, Growth and Demand Forecast to 2023: A $15.5 Billion Opportunity - ResearchAndMarkets.com

Share:

The "MEA
Specialty Chemicals Market by Type by Geography - Market Size, Share,
Development, Growth, and Demand Forecast, 2013 - 2023"
report
has been added to ResearchAndMarkets.com's offering.

The MEA specialty chemicals market is projected to reach $15,491.2
million by 2023. The market growth is mainly driven by the growing oil
production, increasing usage of agrochemicals, and rising construction
activities in the region.

On the basis of type, the lubricant and oil field chemicals category has
been holding the largest share in the MEA specialty chemicals market,
because of its extensive use in the production of crude oil. The revival
in the prices of crude oil and its growing demand from major oil
importing countries is attributing to the largest share of the category
in the MEA specialty chemicals market.

MEA has some of the largest oil producing countries in the world,
namely, Saudi Arabia, Nigeria, and Algeria. These countries are also
among the largest exporters of crude oil in the world and would continue
to invest in the exploration and development of new oil fields. Owing to
this, the demand for specialty chemicals used in oil fields is expected
to rise in the region. Also, rising demand for specialty chemicals in
the production of automotive lubricants is also expected to boost the
MEA specialty chemicals market during the coming years.

Key Highlights

  • Saudi Arabia seizes the leading position
  • Advancement in agricultural practices are expected to drive the market
    growth
  • Rapid economic growth in developing countries is laying opportunities
    for the market players

Key Topics Covered

Chapter 1. Research Background

Chapter 2. Research Methodology

Chapter 3. Executive Summary

Chapter 4. Introduction

Chapter 5. MEA Market Size And Forecast

Chapter 6. Competitive Landscape

Chapter 7. Company Profiles

  • Saudi Basic Industries Corporation
  • Sadara Chemical Company
  • Saudi Speciality Chemical Industries Co. Ltd.
  • Thebe Unico
  • AECI Ltd.
  • Clariant AG
  • Akzo Nobel N.V.
  • Evonik Industries AG
  • BASF SE
  • DowDuPont Inc.

For more information about this report visit https://www.researchandmarkets.com/research/8t85qf/mea_specialty?w=4

View Comments and Join the Discussion!