Oilfield Scale Inhibitor Market Worth 697.5 Million USD by 2020
PUNE, India, February 19, 2016 /PRNewswire/ --
The report "Oilfield Scale Inhibitor Market by Type (Phosphonates, Carboxylate/Acrylic, Sulfonates, and Others), and by Region (North America, Europe, Asia-Pacific, Middle East, Africa, and South America) - Global Forecast to 2020", published by MarketsandMarkets, The global market is projected to reach USD 697.5 Million by 2020 from the estimated USD 509.4 Million in 2014, at a CAGR of 5.40% between 2015 and 2020.
Rising demand for scale inhibitors from the oil & gas industry as well as demand for biodegradable scale inhibitors are some of the main factors driving the oilfield scale inhibitor market.
Browse 93 market data Tables and 63 Figures spread through 150 Pages and in-depth TOC on "Oilfield Scale Inhibitor Market"
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Carboxylate/acrylic are the most common type of oilfield scale inhibitor
Among the various types of scale inhibitors, the carboxylate/acrylate type holds the largest share in the oilfield scale inhibitor market. This large share is attributed to the increasing usage of this type of scale inhibitors compared to the other types. Carboxylate/acrylate meets the legislation requirement, abiding environmental norms due to the absence of phosphorus. Carboxylate/acrylate scale inhibitors are used in artificial cooling water systems, heat exchangers, and boilers.
However, the sulfonates type is expected to grow at the highest CAGR during the forecast period. A barium sulphate is the common scales that formed during oil exploration activities. The sulfonates type of scale inhibitors is used to prevent sulphate scales, and is also used in the desalination process.
RoW, which includes the Middle-East, Africa, and South America, is the most dominant region in the global oilfield scale inhibitor market
The RoW oilfield scale inhibitor market accounted for the largest share of the global oilfield scale inhibitor market, in terms of value, in 2014. This dominance is expected to continue till 2020 due to increased oil and gas activities in this region. The Middle-East, Africa, and South America have abundant proven oil and gas reserves, which will enable the rapid growth of the oilfield scale inhibitor market in these regions. Among the regions in RoW, Africa's oilfield scale inhibitor market has the highest prospect for growth. Africa has a huge amount of proven oil reserves and is one of the leading oil producing regions in the World. But political unrest coupled with lack of proper infrastructures may negatively affect oil and gas activities in this region.
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The research report segments the global Oilfield Scale Inhibitor Market on the basis of type and region. On the basis of type, the market is segmented into phosphonates, carboxylate/acrylate, sulfonates, and others. The geographic analysis of the global oilfield scale inhibitor market includes North America, Europe, Asia-Pacific, and RoW.
An in-depth market share analysis, in terms of revenue, of the top companies is also included in the report. These numbers are arrived at based on key facts, annual financial information from SEC filings, annual reports, and interviews with industry experts and key opinion leaders, such as CEOs, directors, and marketing executives. Some of the major players in this market are 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.), and Innospec Inc. (U.S.).
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