Market Overview:
The global hydrate inhibitors market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth of the market can be attributed to the increasing demand for oil and gas across the globe. In addition, the growing awareness about environmental concerns is also propelling the growth of this market. The global hydrate inhibitors market can be segmented on the basis of type, application, and region. On the basis of type, it can be divided into thermodynamic hydrate inhibitors and kinetic hydrate inhibitors. Thermodynamic hydrate inhibitors are further classified into solid-state hydrates and liquid-state hydrates while kinetic hydrates inhibitors are sub-divided into inorganic salts and organic molecules/polymers. On the basis of application, it can be segregated into extraction, pipeline transportation, refinery operations etc., Out of which extraction accounts for a major share in terms of revenue contribution as compared to other applications owing to its widespread use in various industries such as oil & gas production industry (onshore & offshore), power generation industry etc.
Product Definition:
Hydrate inhibitors are chemicals that prevent the formation of hydrates. Hydrates are crystalline solids that form when water molecules become trapped in a crystal structure. The presence of hydrates can cause problems in industrial processes, so hydrate inhibitors are used to prevent their formation.
Thermodynamic Hydrate Inhibitors:
Thermodynamic Hydrate Inhibitors (THI) are organic compounds that inhibit the formation of ice or snow during freezing. THIs can be either natural or synthetic in nature and are most commonly used as an additive to road deicing fluids. They prevent the bonding of water to form ice, thereby reducing its adhesion to the surface on which it is applied.
The global market for thermodynamic hydrate inhibitors was estimated at USD 853 million in 2016.
Kinetic Hydrate Inhibitors:
The global kinetic hydrate inhibitors and it's usage in the market are expected to grow at a significant rate over the forecast period. Kinetic hydroates inhibitors are chemicals that inhibit the activity of kinetics of chemical reactions between water and ice (kinetic mechanism). The inhibition can be permanent or temporary depending on its type. In most cases, they have short-term effects which last for a few months up to a couple of years.
Application Insights:
The extraction application segment dominated the global market in 2017. The growth of this segment can be attributed to the rising demand for crude oil and natural gas from emerging economies including China, India, Brazil, Mexico and South Africa. These countries are witnessing rapid industrialization owing to increasing disposable income levels coupled with population growth. As a result, there is an upsurge in demand for various energy products including gasoline and diesel which further boosts the product consumption during extraction activities of these fuels.
Hydrate inhibitors are used extensively during production operations of shale gas due to its high corrosive nature which demands efficient protection solutions while drilling & completion fluids are used along with hydraulic fracturing fluids as they provide enhanced stability & efficiency at high temperatures required for shale Gas Extraction process globally since 2014 when UTLK prices were above USD 100/mmbtu on account of low inhibiting capabilities exhibited by these compounds at that time resulting in low utilization rates thereby impacting overall market size negatively over the forecast period.
Regional Analysis:
Asia Pacific was the largest market in 2017 and is expected to continue its dominance over the forecast period. The region has witnessed a surge in hydrate inhibition activities owing to growing demand for energy, coupled with increasing exploration and production activities. China is one of the major countries involved in hydrate extraction as it extracts coal bed methane (CBM) from coal mines which later on can be utilized for producing natural gas through thermogenic process. Thus, CBM mining activity also leads to an increase in hydrates formation thus resulting into increased demand for inhibitors across Asia Pacific region.
North America accounted for a significant share of revenue due to increasing shale gas production mainly from U.S.
Growth Factors:
- Increasing demand for water treatment chemicals from municipal and industrial sectors
- Growing awareness about the benefits of using hydrate inhibitors in various industries
- Rising investments in research and development activities for new hydrate inhibitors products
- Proliferation of nanotechnology-based hydrate inhibitors products
- Expansion of global market for water treatment chemicals
Scope Of The Report
Report Attributes
Report Details
Report Title
Hydrate Inhibitors Market Research Report
By Type
Thermodynamic Hydrate Inhibitors, Kinetic Hydrate Inhibitors
By Application
Extraction, Pipeline, Refinery
By Companies
Halliburton, GE(Baker Hughes), Nalco Champion, BASF SE, Schlumberger, Clariant, Dorf Ketal, Lubrizol, Infineum, Halliburton
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
217
Number of Tables & Figures
152
Customization Available
Yes, the report can be customized as per your need.
Global Hydrate Inhibitors Market Report Segments:
The global Hydrate Inhibitors market is segmented on the basis of:
Types
Thermodynamic Hydrate Inhibitors, Kinetic Hydrate Inhibitors
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Extraction, Pipeline, Refinery
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Halliburton
- GE(Baker Hughes)
- Nalco Champion
- BASF SE
- Schlumberger
- Clariant
- Dorf Ketal
- Lubrizol
- Infineum
- Halliburton
Highlights of The Hydrate Inhibitors Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Thermodynamic Hydrate Inhibitors
- Kinetic Hydrate Inhibitors
- By Application:
- Extraction
- Pipeline
- Refinery
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Hydrate Inhibitors Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Hydrate inhibitors are chemicals that prevent the formation of water crystals in aqueous solutions. This can result in a decrease in viscosity and an increase in fluidity, which can improve the flowability and stability of products.
Some of the major players in the hydrate inhibitors market are Halliburton, GE(Baker Hughes), Nalco Champion, BASF SE, Schlumberger, Clariant, Dorf Ketal, Lubrizol, Infineum, Halliburton.
The hydrate inhibitors market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Hydrate Inhibitors Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Hydrate Inhibitors Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Hydrate Inhibitors Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Hydrate Inhibitors Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Hydrate Inhibitors Market Size & Forecast, 2020-2028
4.5.1 Hydrate Inhibitors Market Size and Y-o-Y Growth
4.5.2 Hydrate Inhibitors Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Thermodynamic Hydrate Inhibitors
5.2.2 Kinetic Hydrate Inhibitors
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Extraction
6.2.2 Pipeline
6.2.3 Refinery
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Hydrate Inhibitors Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Hydrate Inhibitors Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Thermodynamic Hydrate Inhibitors
9.6.2 Kinetic Hydrate Inhibitors
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Extraction
9.10.2 Pipeline
9.10.3 Refinery
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Thermodynamic Hydrate Inhibitors
10.6.2 Kinetic Hydrate Inhibitors
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Extraction
10.10.2 Pipeline
10.10.3 Refinery
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Thermodynamic Hydrate Inhibitors
11.6.2 Kinetic Hydrate Inhibitors
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Extraction
11.10.2 Pipeline
11.10.3 Refinery
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Thermodynamic Hydrate Inhibitors
12.6.2 Kinetic Hydrate Inhibitors
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Extraction
12.10.2 Pipeline
12.10.3 Refinery
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Thermodynamic Hydrate Inhibitors
13.6.2 Kinetic Hydrate Inhibitors
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Extraction
13.10.2 Pipeline
13.10.3 Refinery
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Hydrate Inhibitors Market: Competitive Dashboard
14.2 Global Hydrate Inhibitors Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Halliburton
14.3.2 GE(Baker Hughes)
14.3.3 Nalco Champion
14.3.4 BASF SE
14.3.5 Schlumberger
14.3.6 Clariant
14.3.7 Dorf Ketal
14.3.8 Lubrizol
14.3.9 Infineum
14.3.10 Halliburton
