Scale Inhibitor Market by Type (Phosphonates, Carboxylate/Acrylic, Sulphonates and Others) and by Application (Power & Construction, Mining, Oil & Gas, Water & Waste Water Treatment, Food & Beverage and Others) - Global Trends & Forecast to 2019
NEW YORK, Dec. 17, 2014 /PRNewswire/ -- Scale inhibitor (antiscalants) are chemical substances that, when added to industrial water at very low levels, act to reduce or prevent the formation of scale. They can be classified into phosphonates, carboxylate/acrylic, sulfonates, and others. Scale inhibitor are widely preferred nowadays across different industries that include power & construction, mining, oil & gas, water & waste water treatment, food & beverage, and environmental protection.
The report analyzes the global scale inhibitor market trends and forecasts to 2019. The market size estimations have been provided in terms of market value ($million). The report also identifies prominent players and provides analysis for each player in terms of company overview, financials, products and services offered, recent developments, and company strategies.
The global scale inhibitor market is expected to grow at a CAGR of 4.03% between 2014 and 2019 to reach a value of $4.69 billion. The sulfonate based scale inhibitor in the type is growing at a CAGR of 4.13% and is witnessing the fastest growth in the overall scale inhibitor market. One of the key factors contributing to this market growth is the increase in the use of scale inhibitor in oil & gas, power & construction, water & wastewater treatment and many other industries.
The fastest growth in the scale inhibitor market is expected to come from scale inhibitor used in water & wastewater treatment in terms of value which will continue to expand in the coming years. In the recent past, expansions and new product innovations have dominated the strategies adopted by scale inhibitor players globally. The major market players have invested large amounts in emerging countries to enter and enhance their market position through capacity expansion and new product launches.
All these factors, along with the increasing demand for scale inhibitor in water & waste water treatment and oil & gas industries, will continue to drive the demand for scale inhibitor. However, the scale inhibitor industry will have to overcome challenges, such as the availability and price volatility of raw materials and changing health regulations, in order to meet the increasing demand.
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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/scale-inhibitor-market-by-type-phosphonates-carboxylateacrylic-sulphonates-and-others-and-by-application-power--construction-mining-oil--gas-water--waste-water-treatment-food--beverage-and-others---global-trends--f-300011249.html
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