Market Research Future Published a Cooked Research Report on Scale Inhibitors Market Research Report – Forecast to 2023
Global Scale Inhibitors Market is witnessing a constant rise, mainly due to the increasing demand for water and energy. Increasing consumption of Scale Inhibitors across the major industries such as mining, power, oil & gas, paper mills, and water treatment escalates the market growth to furthered heights. This technology finds its extensive application in O&G and water treatment sectors.
The market is expected to witness a spurting rise in demand during the forecast period owing to the extensive usages to Scale Inhibitors in the energy sector. According to Market Research Future (MRFR), the Global Scale Inhibitors Market is estimated to generate significant valuation by 2023, registering around 4.68% CAGR throughout the review period (2018 – 2023).
The rapidly growing water treatment industry drives the market demand, substantially led by the water scarcity and stringent norms against wastewater disposal in the industrial sector. Furthermore, the increased usages of hydraulic fracturing in the O&G industry has led to increasing the growth of the market, raising the demand for water treatment chemicals.
On the other hand, price volatility and the demand-supply gap in raw material required for the production of cast elastomers are impeding the growth of the market. Nevertheless, stringent regulations against Industrial wastewater disposal would support market growth throughout the review period, increasing the usages of Scale Inhibitors and creating lucrative opportunities for the market players.
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Global Scale Inhibitors Market – Segmentation:
The Analysis has been segmented into three major dynamics.
By Type : Phosphonates, Carboxylate/Acrylate, Sulfonates, and others.
By Application: Power, Mining, Oil & Gas, Petrochemicals, Paper Mills, and others.
By Regions: Europe, Americas, Asia Pacific, Middle East & Africa, and Rest-of-the-World.
Global Scale Inhibitors Market – Competitive Analysis:
Highly competitive, the Scale Inhibitors Market appears to be fragmented, characterized by the presence of several large and small-scale players. Although well-established players in the market have tremendous geographical proximity, several new entrants are estimated to pose fierce competition. In such a scenario, these players would increase strategic initiatives such as mergers & acquisitions, collaboration, expansion, and product/technology launch to maintain their market position.
Players Leading the Global Scale Inhibitors Market include DowDuPont (US), Kemira Oyj (Finland), BASF SE (Germany), American Water Chemicals, Inc. (US), Solenis (US), Ecolab (US), Arkema SA (France), Clariant (Switzerland), SUEZ (France), and BWA Water Additives (US), among others.
Industry/ Innovation/ Related News
September 27, 2019 —- Italmatch Chemicals S.p.A. (Italy), a leading global provider of specialty chemicals, announced the acquisition of Water Science Technologies (WST – the US), a leading chemical solutions provider. Italmatch Chemicals is focused on the production & marketing of performance additives for water & process treatment, oil & gas, and industrial lubricants & plastics.
WST operates across North America, offering chemical solutions to oil & gas and industrial water treatment industries. The acquisition further strengthens Italmatch Chemicals leadership in the North American O&G market, broadening its Water Solutions portfolio, and application know-how, and R&D capabilities, alongside the advanced in-house lab equipment, competence, and logistic service capabilities.
Browse Key Industry Insights spread across 151 pages with 161 market data tables & 20 figures & charts from the report, “Scale Inhibitors Market Information: By Type (Phosphonates, Carboxylate/Acrylate, Sulfonates, and Others), Application (Power, Mining, Oil & Gas, Petrochemicals, Paper Mills, and Others) and Region – Growth Potential, Price Trends, Competitive Market Share & Forecast 2023” in detail along with the table of contents: https://www.marketresearchfuture.com/reports/scale-inhibitors-market-6402
Global Scale Inhibitors Market – Regional Analysis:
Asia Pacific dominates the Global Scale Inhibitors Market, witnessing a huge demand from the power generation and metal processing industry. The O&G sector in the region is driving the market growth, phenomenally heading with the increasing investments in O&G production & extraction activities to meet the rising demand for petroleum products, fuel, and energy.
Additionally, the growth in chemical processing industries alongside the increased demand for water treatment chemicals is estimated to provide a massive impetus to the growth of the regional market. The APAC Scale Inhibitors Market holds over 44.97% of the market share. The market is anticipated to grow at 5.3% CAGR during the review period.
Europe stands second in the Global Scale Inhibitors Market owing to the demand from power and wastewater treatment sectors. Increasing regulations against wastewater discharge drive the regional market growth significantly, leading to the adoption of processes to enable industrial plants to reuse and recycle water.
Besides, the rising demand for scale inhibitors in various applications such as oil & gas and energy generation fosters a considerable market share. The European Scale Inhibitors Market valuation is projected to reach USD 493.6 MN by 2023, posting 3.21% CAGR during the forecast period.
The Scale Inhibitors Market is brisk in North America due to the rising consumption of these materials in industries such as power, mining, O&G, petrochemicals, and paper mills, among others. However, the market banks heavily on increasing exploration activities. Substantial investments in oil reserves exploration boost the Scale Inhibitors Market, directly.
Significant rise in shale gas extraction using hydraulic fracturing technology is further resulting in creating a substantial need for water. Rapid industrialization is also creating a vast space for the market to infiltrate further, spurring the demand for fuel-based energy. The US is the largest market in the region, which is estimated to create a huge revenue pocket.
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