May 22, 2018 - 11:00 AM EDT
Print Email Article Font Down Font Up
CDU Heat Exchanger Antifoulants Market to Represent a Significant Expansion at 2.9% CAGR During 2018 - 2028 - Future Market Insights

VALLEY COTTAGE, New York, May 22, 2018 /PRNewswire/ --

Growing environmental concerns across the globe has triggered the adoption of devices and equipment that aid in providing a cleaner environment. In the wake of this, industries worldwide are striving to adhere to the policies that have been implemented by the governments in order to maintain a competitive edge in the global market. One such chemical that is added in the heat exchanger equipment in oil refineries is antifoulants that help in saving the machine from any form of corrosion. Corrosion inhibitors are used in machineries as they provide long-term benefits such as reducing the corrosion and improving safety of the operational equipment.

     (Logo: https://mma.prnewswire.com/media/677274/Future_Market_Insights_Logo.jpg )

Request a Sample Report with Table of Contents and Figures: https://www.futuremarketinsights.com/reports/sample/rep-gb-6701

In order to retain their position in the market, companies are fiercely competing against each other. Their awareness regarding the importance of maintaining their machineries and equipment has increased. They are also expanding the oil refineries according to the growing application needs and their ability to handle the challenges of the industry. Some of the leading companies operating in the market are BAKER HUGHES, a GE Company, Dorf Ketal, CHIMEC SpA, Croda International Plc, CRISTOL, Eonchemical, Chematek S.p.A., Expert Chem SERV, Innospec, and SUEZ.

According to a report published by Future Market Insights (FMI), the global CDU heat exchanger antifoulants market is expected to witness a CAGR of 2.9% from 2018 to 2028. In 2017, the market was worth US$ 144.6 Mn in 2017 and is estimated to rise to a valuation of US$ 197.6 Mn by the end of 2028.

Changing Geopolitical Scenario, Coupled with Growing Awareness Regarding the Use of Safe Equipment, Poised to Benefit Market 

Globalization, population explosion, and economic changes have not only contributed to the crude oil industry, but have also resulted in a rise in the standards of the oil and gas services. The formulation of fouling deposits can have a number of effects. For instance, it can decrease heat transfer, impede fluid flow, and impair safe operation of equipment. In recent times, people have become vigilant towards the safe operation of equipment, which, in turn, is expected to accelerate growth of the antifoulant market over the forecast period.

Preview Analysis Global CDU Heat Exchanger Antifoulants Market Segmentation By Chemistry - Dispersants, Corrosion Inhibitors, Metal Coordinators, Polymerization Inhibitors (Free radical Polymerization Inhibitors, Non-linear Polymerization Inhibitors): https://www.futuremarketinsights.com/reports/cdu-heat-exchanger-antifoulants-market

Moreover, huge amounts of fuel additives are utilized in the manufacturing of crude oil. These additives act as the backbone of refinery sectors across the globe. Refineries strive for reliability and processing flexibility with minimal fouling and impurities. An antifoulant treatment program is the result of the incentive loss. Burgeoning use of fuel additives for the purpose of oil purity, in turn, is anticipated to boost demand for antifoulants. Spin-off-benefits are acquired with treatment programs, which are more important than sustainable benefits.

Fluctuating Oil Prices to Limit Market Expansion 

Feedstock for naphthenic oil and paraffinic oil is processed from base oil, which in turn is a derivative of crude oil. Thereby, the prices of these base oils tend to be unhinged and volatile as they are subject to the uncertainty occurring in the prices of crude oil. This instability shakes the profitability of manufacturers and in turn, may inhibit market growth. The petro specialty market is majorly dependent on import and sudden change in oil prices hampers the regional import trade, thus hindering the growth of crude distillation unit heat exchanger antifoulants market.

Our advisory services are aimed at helping you with specific, customised insights that are relevant to your specific challenges. Let us know about your challenges and our trusted advisors will connect with you: https://www.futuremarketinsights.com/askus/rep-gb-6701

More from Chemicals & Materials Market Intelligence: 

  • Pour Point Depressants Market Segmentation By Chemical Compositions Type - Poly Alkyl Methacrylate, Styrene Ester, Alkyl Aromatic Polymer, Alkylated Polystyrene, Others; By End Use Industry Type - Lubricants, Industrial, Automotive, Marine, Aviation, Oil & Gas, Exploration & Production, Refining: https://www.futuremarketinsights.com/reports/pour-point-depressants-market


  • Liquid Silicone Rubber Market Taxonomy By Grade Type - Food Grade, Industrial Grade, Medical Grade, Other Grades; By Technology - Liquid Injection Molding System, Other Molding Processes; By End Use Industry - Consumer Goods, Electrical and Electronics, Construction, Automotive, Healthcare, Other Applications: https://www.futuremarketinsights.com/reports/liquid-silicone-rubber-market

About Us 

Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights and an aerial view of the competitive framework and future market trends.

Browse More Chemicals & Materials Market Insights

Contact Us
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
T (UK): + 44(0)20-7692-8790
Sales: [email protected]

Press Office: [email protected]

FMI Blog: http://www.fmiblog.com/

Website: http://www.futuremarketinsights.com


Source: PR Newswire (May 22, 2018 - 11:00 AM EDT)

News by QuoteMedia
www.quotemedia.com

Legal Notice