Market Overview:
The global Scale Inhibitors
Market is poised to reach USD 3,195.0 million by 2023, according to the latest
market report by Market Research Future (MRFR). It can balloon from its
previous estimated size of USD 2,428.2 million in 2017, growing at a CAGR
higher than 4.5% over the forecast period (2018-2023). The market growth is
influenced by the expanding sectors of construction, mining, desalination,
power, and oil & gas. Other important market drivers include immense demand
for huge volumes of water in power plants, scale inhibitors in the energy
sector, and a sharp increase in hydraulic fracturing.
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Vendor Landscape
·
American Water Chemicals, Inc
·
Solenis
·
Arkema SA
·
Kemira Oyj
·
SUEZ
·
BASF SE
·
Ecolab
·
Clariant
·
BWA Water Additives
·
DowDuPont
New product development,
innovation of new biodegradable chemicals, and expansion to developing
economies are prime strategies of the players. This is exemplified by the
display of antiscalant products for water reservoirs showcased by DowDuPont at
the Abu Dhabi International Petroleum Exhibition and Conference in 2017
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Scale Inhibitors Market –
Segmental Analysis
MRFR’s report states that the
global market is segmented on the basis of type and application.
By type, the market is segmented
into phosphates, sulfonates, carboxylate/acrylates, and others. The
phosphonates segment accounted for a large market share in 2017. It is expected
to exhibit a 4.29% CAGR during the review period owing to its heavy demand in
end-use industries.
Major market applications include
oil & gas, mining, power, paper mills, petrochemicals, and others. The
power segment can display a 4.6% CAGR over the forecast period due to rising
investments in the sector. It had accounted for 26.67% share of the market in
2017. The demand of scale inhibitors can rise in the segment owing to its need
for treated water. The oil & gas segment will be the second-largest owing
to investments in deepwater and ultra-deepwater exploration activities in the
South China sea and presence of large oil reserves in the Gulf of Mexico.
Regional Outlook
The Scale
Inhibitors Market covers the latest trends in Europe, Asia Pacific
(APAC), North America, Latin America, and the Middle East & Africa (MEA).
The APAC market is expected to
expand at a 5.38% CAGR during the forecast period. The push for water treatment
of the surrounding rivers by governments, awareness of water & wastewater
treatment, and rapid urbanization in India and China are factors expected to
bolster market demand during the review period. The Namami Gange Programme is a
prime example which requires antiscalants for meeting the demand for potable
water. China can contribute the maximum to the Scale Inhibitors Market owing to
the rise in rude oil production. It can touch an estimated size of USD 727.5
million by 2023. Japan is the second-largest contributor to the market. It can
exhibit a 4.56% CAGR over the forecast period.
Europe accounted for the
second-largest share of the global market in 2017 owing to the demand from
power and wastewater treatment sectors. Germany accounted for 25.6% share of
the European market and touted to grow at a 2.50% CAGR during the review
period.
The North America region can
exhibit a strong growth rate owing to the shale gas exploration activities. In
the region, the U.S. accounted for the largest share and will maintain its
dominance as the leading contributor.
The MEA Scale Inhibitors Market
is predicted to register a 5.61% CAGR over the forecast period owing to the
pressing demand for crude oil. On the other hand, the Latin America can exhibit
a modest growth rate thanks to the expanding petrochemicals, oil & gas, and
power industries.
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NOTE: Our team of researchers are studying
Covid19 and its impact on various industry verticals and wherever required we
will be considering covid19 footprints for a better analysis of markets and
industries. Cordially get in touch for more details.
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