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| Oil and Gas Descaler Market |
The oil and gas descaler market is estimated to be valued at US$368.31 Mn in 2023 and is expected to
exhibit a CAGR of 3.2% over the
forecast period 2023-2030, as highlighted in a new report published by Coherent
Market Insights.
Market Overview:
Oil and gas descalers are specialty chemicals used in industrial applications
for cleaning scale deposits in oil and gas operations. Scale is a mineral
precipitate or deposit that forms on surfaces and equipment in contact with
hard water or produced water during oil and gas processing and transportation.
Descalers help remove calcium carbonate, calcium sulfate, magnesium hydroxide and
other scale deposits from pipelines, vessels and heat exchangers used in oil
and gas production, refining and transportation.
Market Dynamics:
Stringent regulations to reduce carbon emissions from oil and gas operations is
expected to drive the oil and gas descaler market growth. Government
regulations are pushing oil and gas companies to optimize operations and
improve efficiency. Descaling solutions help remove scale deposits which
improve heat transfer, reduce pressure drops and increase operational efficiency.
Growing offshore and deepwater oil and gas production also require effective
descaling solutions due to high pressure and temperature conditions that
accelerate scale formation.This is expected to increase demand for specialized
high performance descalers. Additionally, increasing complexities in crude oil
composition also necessitate frequent cleaning and maintenance of vessels,
pipelines and equipment using descalers.
SWOT Analysis
Strength: The oil and gas descaler market has a large customer base as
descaling chemicals are widely used in oil and gas industries. Descaling
chemicals helps extend the lifecycle of equipment by preventing scale buildup.
Manufacturers offer a wide range of descaling chemicals suitable for various
applications.
Weakness: Stringent environmental regulations regarding the usage and disposal
of descaling chemicals is a challenge. Certain descaling chemicals contain
hazardous chemicals which require special handling and disposal procedures.
High costs associated with R&D activities to develop eco-friendly descaling
solutions.
Opportunity: Growing offshore and unconventional oil and gas production
activities increase the demand for descaling chemicals. Developing economies in
Asia Pacific witnessing increased oil and gas production which opens new
markets.
Threats: Volatility in crude oil prices impacts capital expenditure of oil
companies which in turn affects the demand for descaling chemicals. Substitutes
like citric acid and phosphoric acid based descalers poses competition.
Key Takeaways
The global Oil
and Gas Descaler Market Share is expected to witness high growth,
exhibiting CAGR of 3.2% over the
forecast period, due to increasing oil and gas production activities especially
in Asia Pacific. The market size for 2023 is US$ 368.31 Mn.
Regional analysis The Asia Pacific region is expected to dominate the oil and
gas descaler market over the forecast period. Countries like China, India,
Indonesia are witnessing increased oil and gas exploration and production activities
which drives the demand for descaling chemicals in the region. With growing
industrialization and energy needs, APAC countries are investing heavily in
developing oil and gas infrastructure which will propel the market growth.
Key players operating in the oil and gas descaler market includes Ecolab Inc.,
BASF SE, Solvay S.A., FQE Chemicals, Innospec Inc., Stepan Company, Dow Inc.,
Kemira Oyj, GE Water and Process Technologies, Aries Chemical Inc. Ecolab Inc.
and BASF SE are the market leaders with wide product portfolio and global
presence. The key players are focusing on developing bio-based and environment
friendly descaling solutions through extensive R&D activities to gain a
competitive edge in the market.
Read More,
https://www.trendingwebwire.com/oil-and-gas-descaler-market-trends-size-and-share-analysis/
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