Hydrate inhibitors are used to prevent or reduce gas hydrate formation. Gas hydrates are formed in offshore production systems under low temperature and high-pressure conditions. These hydrates block pipelines, drill strings, and BOPs by forming plugs, and cause flow assurance issues. Hydrate inhibitors are used, where mechanical methods such as insulated flow lines and active heating are not feasible options. However, political instability and the low price of oil are the major factors negatively affecting growth of the global hydrate inhibitors market.
Market Dynamics
Increasing demand for natural gas and oil is expected to boost the global hydrate inhibitors market growth. Global energy demand is increasing rapidly. Moreover, world natural gas consumption is expected to increase by 43% from 2021 to 2030, according to the International Energy Outlook 2017, as natural gas continues to be the fuel for electric power generation and application in industrial sectors. Electric power and industrial sector use around 75% of the natural gas of the projected increase in total consumption between 2021 and 2030.
Among regions, North America held a major market share of 58% in 2021. Middle East and Africa held significant market share in the global hydrate inhibitors market. Europe is a lucrative market for hydrate inhibitors with significant demand due to high offshore oil production from the region in 2021, and it is expected to increase during the forecast period. For instance, according to the EU, 567 million barrels of offshore oil had been produced in the U.K.
Key features of the study:
- This report provides an in-depth analysis of the hydrate inhibitors market and provides market size (US$ Million) and Compound Annual Growth Rate (CAGR %) for the forecast period (2022 – 2030), considering 2021 as the base year
- It elucidates potential revenue opportunities across different segments and explains an attractive investment proposition matrix for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players
- It profiles leading players in the global hydrate inhibitors market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and plans
- Key companies covered as a part of this study include Halliburton, Ashland Global Specialty Chemicals Inc., Ecolab Inc., Baker Hughes Inc., Innospec Inc., JSC Gazprom Neftekhim Salavat, BASF SE, Evonik Industries AG, Clariant AG, GasHydrate LLC, and Schlumberger Limited
- Insights from this report would allow marketers and the management authorities of the companies to make an informed decision regarding their future product launch, technology up-gradation, market expansion, and marketing tactics
- The global hydrate inhibitors market report caters to various stakeholders in this industry including investors, suppliers, hydrate inhibitors manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the hydrate inhibitors market
Detailed Segmentation:
- Global Hydrate Inhibitors Market, By Inhibitor Type:
- Thermodynamic Inhibitors
- Methanol
- Mono Ethylene Glycol (MEG)
- Low Dosage Hydrate Inhibitors (LDHI’s)
- Anti-Agglomeration Inhibitors/Surfactants
- Quaternary Ammonium Compounds
- Amides
- Bio-surfactants
- Kinetic Inhibitors
- Polyvinylcaprolactam
- Polyvinylpyrrolidone
- Polyethyloxazoline
- N-methyl-N-vinylacetamide
- Tetra pentyl ammonium bromide
- Butoxy-ethanol
- Emulsifiers
- Hybrid
- Global Hydrate Inhibitors Market, By Geography:
- North America
- Europe
- U.K.
- Germany
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- India
- Japan
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Middle East
- GCC
- Israel
- Rest of Middle East
- Africa
- North Africa
- Central Africa
- South Africa
- Company Profiles
- Halliburton*
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments
- Future Plans
- Ashland Global Specialty Chemicals Inc.
- Ecolab Inc.
- Baker Hughes Inc.
- Innospec Inc.
- JSC Gazprom Neftekhim Salavat
- BASF SE
- Evonik Industries AG
- Clariant AG
- GasHydrate LLC
- Schlumberger Limited
