LONDON, March 2, 2016 /PRNewswire/ -- The global oilfield scale inhibitor market size is projected to reach USD 697.5 million by 2020
The global oilfield scale inhibitor market size is projected to reach USD 697.5 million by 2020, from USD 509.4 million in 2014, registering a CAGR of 5.40% between 2015 and 2020. The main reasons for the growth of this market are growing demand from the oil and gas industry, wide availability of scale inhibitors, and growing demand for biodegradable scale inhibitors due to strict environmental rules and regulations.
RoW: The largest market for oilfield scale inhibitor
RoW region, which includes the Middle-East, Africa, and South America, is the global leader in the consumption of scale inhibitors, and this dominance is expected to continue till 2020. RoW region has some of the biggest oil producing countries in the world. Huge proven oil reserves and rapid oil & gas exploration activities are driving the RoW market of oilfield scale inhibitor. The RoW market is also expected to witness the highest CAGR between 2015 and 2020.
Carboxylate/Acrylic: The largest type segment for oilfield scale inhibitor
Carboxylate/acrylic is the largest type segment for the oilfield scale inhibitor market. The environment-friendly nature of carboxylate/acrylic scale inhibitors makes it more preferable in comparison to the other types. However, the market for the sulfonates type is expected to grow at the highest CAGR during the forecast period. Barium sulphates is the common scales that formed during oil exploration activities. The sulfonates type of scale inhibitors is used to prevent sulphate scales, and are also used in the desalination process.
Breakdown of profile of primary participants:
- By Company Type: Tier 1 - 35%, Tier 2 - 45% and Tier 3 - 20%
- By Designation: C level - 35%, Director Level- 25%, Others- 40%
- By Region: North America - 45%, APAC – 30%, Europe- 20%, RoW - 5%
As a part of qualitative analysis, the report provides a comprehensive review of major market drivers, restraints, opportunities, and challenges. It also discusses competitive strategies adopted by different market players, such as The Dow Chemical Company (U.S.), BASF SE (Germany), AkzoNobel Oilfield (The Netherlands), Kemira OYJ (Finland), Solvay S.A. (Belgium), Halliburton Company (U.S.), Schlumberger Limited (U.S.), Baker Hughes Incorporated (U.S.), Clariant AG (Switzerland), E. I. du Pont de Nemours and Company (U.S.), Evonik Industries AG (Germany), GE Power & Water Process Technologies (U.S.), Ashland Inc. (U.S.), Innospec Inc. (U.S.), and others.
Reasons to buy this report:
This report covers the following key aspects:
- What will be the market size by 2020 and what will be the growth rate
- What are the key market trends
- What is driving this market
- What are the challenges that impact market growth
- Who are the key players in this market
- Global report covers key regions, such as North America, Europe, Asia-Pacific, and RoW, with major countries in each regions
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