HYDRATE INHIBITORS MARKET ANALYSIS
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
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
Hydrate Inhibitors Market Report Snapshots
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