UAE Chemical Licensing Market Size, Share, Opportunities, And Trends By Type (Organic Chemicals, Inorganic Chemicals), By Application (Oil & Gas, Petrochemicals, Pharmaceuticals, Others), And By State - Forecasts From 2024 To 2029

  • Published : Jun 2024
  • Report Code : KSI061616908
  • Pages : 84

The UAE chemical licensing market was valued at US$15.912 million in 2022 and is expected to increase at a CAGR of 2.79% over the forecast period to reach a total market size of US$19.292 million by 2029.

Chemical licensing is the process by which companies get the rights to utilize chemical innovative technologies, operations, or intellectual property owned by another company. This could incorporate licenses, exclusive processes, formulations, or specialized chemical production strategies. Licensing agreements typically indicate terms and conditions, including royalties, regional rights, exclusivity clauses, and duration.

Key aspects of chemical licensing incorporate intellectual property rights, royalty payments, exclusivity, specialized technical and training support, and regulatory standard compliance. The licensee pays the licensor a charge or sovereignties based on production volume or sales, and the licensor may give continuous support to guarantee appropriate implementation and optimization.

The UAE chemical licensing industry is pivotal for obtaining and giving chemical process and technology licenses, influencing the country's chemical and petrochemical businesses, which are imperative to the economy. Moreover, the energy transition globally is driving the demand for clean energy and sustainable practices, boosting the UAE chemical licensing market expansion. Regional and international companies are contributing to inventive solutions to meet new regulatory guidelines and rising requirements from the market.

UAE Chemical Licensing Market Drivers:

  • The rising trade infrastructure and industrial partnership are expected to bolster the UAE chemical licensing market expansion.

The UAE's strategic position as a worldwide trade hub permits easy access to international markets. Jebel Ali Free Zone in Dubai, a major global port hub, encourages significant import and export activities for different industries, including chemical products.  This shows the rise in trading in UAE on an international level which will also involve the trade of chemical products that increase the necessity of chemical licensing by regulatory authorities. Further, the UAE's manufacturing sector is thriving, driven by government initiatives such as Dubai Industrial Strategy 2030, the strategy aims to boost output, innovation, global business preference, eco-friendly manufacturing, and Islamic product market centering in Dubai. These government policies will contribute to the growth of the diverse sectors which will in turn create demand for new chemicals and technologies innovation, fuelling the utilization of chemical licensing by the industries in the years ahead.

The UAE government is effectively advancing diversification from oil, resulting in considerable investments within the chemical and petrochemical divisions, with Abu Dhabi National Oil Company (ADNOC) investing in downstream facilities to create high-value products from crude oil and natural gas.

Activities promoting financial expansion drive growing investments within the chemical segment, subsequently contributing in more licensing agreements for progressed technological innovations. In February 2024, the UAE and German governments enhanced cooperation and promoted green industrial investments under the "Make-it-in-the-Emirates" initiative. Operation 300bn, the UAE's industrial strategy, aims to boost the industrial sector's GDP contribution. Agreements signed by the UAE, Jordan, Egypt, and Bahrain cover agriculture, pharmaceuticals, metals, chemicals, and electric vehicles.

Stringent government regulations would propel the UAE chemical licensing market growth.

The UAE chemical licensing market is expected to grow due to stringent government regulations that ensure safety, environmental protection, and quality. These regulations drive the demand for advanced technologies and processes through chemical licensing. They also encourage chemical companies to adopt advanced technologies that comply with these standards. The UAE is obligated to license technology that meets international safety standards, including those set by the International Maritime Organization (IMO) and the United Nations’ Globally Harmonized System (GHS).

Furthermore, Dubai's industrial hub, attracting significant demand for chemical products, is granting a chemical trading license for investors to import, export, and distribute chemical products in the Middle East. The UAE Ministry of Health and Prevention website offers a service that allows chemical precursor companies to register for internal trade, import, export, intermediary, or end-user purposes. It offers five types of MOH&P Registration Certificates, including import/export, import/end-user, domestic trading, and intermediary trading. Approval is required for each transaction.

Additionally, regulations requiring reduced emissions and waste encourage companies to continuously upgrade their processes by licensing innovative technologies. ADNOC is implementing carbon capture and storage (CCS) technology to meet UAE's emissions reduction targets, ensuring compliance and boosting operational efficiency through licensing these advanced technologies, propelling the progression of employing chemical licensing in the UAE in the coming years.

UAE Chemical Licensing Market Restraints:

  • The time-consuming licensing process could hinder the market of German Chemical licensing expansion.

The UAE's chemical licensing process is complex and time-consuming, which needs a large scale of paperwork, numerous government approvals, and thorough safety evaluations. This complex process can dishearten companies from entering the market or can also result in delaying projects by the companies. Additionally, specialized information on regulations and methods is needed for a smooth process and the restricted pool of qualified specialist consultants may increment costs and make it troublesome to access fundamental advice and expertise for smaller-scale companies.

UAE Chemical Licensing Industry Updates:

January 2024- Worley Comprimo signed a General Licensing Agreement with Aramco to support its liquids-to-chemicals program, aiming to streamline conventional industrial processes, reduce CO2 emissions, and integrate refining processes for petrochemical production.

UAE Chemical Licensing Market Scope:

 

Report Metric Details
Market Size Value in 2022 US$15.912 million
Market Size Value in 2029 US$19.292 million
Growth Rate CAGR of 2.79% from 2022 to 2029
Study Period 2019 to 2029
Historical Data 2019 to 2022
Base Year 2023
Forecast Period 2024 – 2029
Forecast Unit (Value) USD Million
Segments Covered
  • Type
  • Application
  • Emirates
Companies Covered
Regions Covered Abu Dhabi, Dubai, Sharjah, Others
Customization Scope Free report customization with purchase

 

 The UAE Chemical Licensing Market is segmented and analyzed as below:

  • By Type
    • Inorganic Chemicals
    • Organic Chemicals
  • By Application
    • Oil and Gas
    • Petrochemicals
    • Pharmaceuticals
    • Others
  • By Emirates
    • Abu Dhabi
    • Dubai
    • Sharjah
    • Others

1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base and Forecast Years Timeline

1.8. Key Benefits to the Stakeholder

2. RESEARCH METHODOLOGY  

2.1. Research Design

2.2. Research Processes

3. EXECUTIVE SUMMARY

3.1. Key Findings

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

4.5. Analyst View

5. UAE CHEMICAL LICENSING MARKET BY TYPE

5.1. Introduction

5.2. Inorganic Chemicals

5.2.1. Market Trends and Opportunities

5.2.2. Growth Prospects

5.3. Organic Chemicals

5.3.1. Market Trends and Opportunities

5.3.2. Growth Prospects

6. UAE CHEMICAL LICENSING MARKET BY APPLICATION

6.1. Introduction

6.2. Oil and Gas

6.2.1. Market Trends and Opportunities

6.2.2. Growth Prospects

6.3. Petrochemicals

6.3.1. Market Trends and Opportunities

6.3.2. Growth Prospects

6.4. Pharmaceuticals

6.4.1. Market Trends and Opportunities

6.4.2. Growth Prospects

6.5. Others

6.5.1. Market Trends and Opportunities

6.5.2. Growth Prospects

7. UAE CHEMICAL LICENSING MARKET BY EMIRATES

7.1. Introduction

7.2. Abu Dhabi

7.2.1. Market Trends and Opportunities

7.2.2. Growth Prospects

7.3. Dubai

7.3.1. Market Trends and Opportunities

7.3.2. Growth Prospects

7.4. Sharjah 

7.4.1. Market Trends and Opportunities

7.4.2. Growth Prospects

7.5. Others

7.5.1. Market Trends and Opportunities

7.5.2. Growth Prospects

8. COMPETITIVE ENVIRONMENT AND ANALYSIS

8.1. Major Players and Strategy Analysis

8.2. Market Share Analysis

8.3. Mergers, Acquisitions, Agreements, and Collaborations

8.4. Competitive Dashboard

9. COMPANY PROFILES

9.1. KEZAD Group

9.2. Chevron Philips Chemical

9.3. ExxonMobil Chemical

9.4. Bechtel


KEZAD Group

Chevron Philips Chemical

ExxonMobil Chemical

Bechtel