Hydrate Inhibitors Market Size and Trends

Hydrate Inhibitors Market, By Inhibitor Type (Thermodynamic Inhibitors, Low Dosage Hydrate Inhibitors (LDHI’s), and Hybrid), and By Region (North America, Europe, Asia-pacific, Latin America, and Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

Published In : Dec 2022

Code : CMI555

Pages :125

Formats :

Excel and PDF

Industry : Specialty and Fine Chemicals

Hydrate Inhibitors MarketSize and Trends

Global hydrate inhibitors market was valued at US$ 211.68 Mn in 2021 in terms of revenue, exhibiting a CAGR of 6.26 % during the forecast period (2022 to 2030).

Figure 1. Global Hydrate Inhibitors Market Value Share (%), By Region, 2021

Hydrate Inhibitors Market Value Share by Region

Market Trends

Hydrate inhibitors market is expected to grow rapidly in Asia Pacific during the forecast period (2021-2030). This is attributed to increasing demand of hydrate inhibitors from countries including China, Japan, South Korea, and India. Asia Pacific is heavily reliant on hydrocarbon imports from the Middle East and Africa. According to the Energy Information Administration, India is host to large gas reserves off its east coast. Moreover, China's exploitable shale gas reserves are estimated at 21.8 trillion cubic meters, with proven reserves at 544.1 billion cubic meters.

Figure 2. Global Hydrate Inhibitors Market value Share (%), By Inhibitor Type, 2021