High Contribution from Oil, Gas and Mining Industry Driving the Global Industrial Anti-scaling Chemicals Market Until 2020, Says Technavio
According to the latest market study released by Technavio,
the global
industrial anti-scaling chemicals market is expected to grow at
a CAGR of more than 4% in terms of revenue during the forecast period.
This market report titled ‘Global
Industrial Anti-scaling Chemicals Market 2016-2020’ provides a
comprehensive analysis of the market in terms of revenue and emerging
market trends. This market research report also includes up-to-date
analysis and forecasts for various market segments and all geographical
regions.
Request sample report: http://goo.gl/fj4cDT
The report categorizes the global industrial anti-scaling chemicals
market into five major end-user segments:
-
Oil, gas, and mining
-
Water and wastewater treatment
-
Food and beverage
-
Pulp and paper
-
Other
Global industrial anti-scaling chemicals market for oil, gas, and
mining industry
The oil, gas, and mining segment accounted for a market share of
approximately 31% in the global industrial anti-scaling chemicals market
in 2015 and is expected to maintain its dominant position in the market
during the forecast period. The revenue contribution from the oil, gas,
and mining segment is high due to the high consumption of premium
products in this segment. The mixing of surface water and down-hole
fluids during the production of oil and gas results in the precipitation
of dissolved ions, leading to scale formation. Drilling, stimulation,
and production create brackish to brine water with a number of
contaminants and high concentration of salts. Most operations at well
sites reuse water, which increases the concentration of salts. This, in
turn, promotes the formation of scales such as calcium carbonate and
sulfate, barium and strontium sulfate, and iron-based scales. Similarly,
in mining, scale formation affects the processing equipment by reducing
the volume of the pipe.
According to Abhay Sinha, a lead analyst from Technavio, “The demand for
anti-scaling chemicals will be fueled by the growth in oil production
and supply over the forecast period. In 2015, large oilfields producing
above 25,000 barrels of oil per day supplied over 1.5 million barrels of
oil per day. The Organization of Petroleum-Exporting Countries members
accounted for over 33%, while the Non-OPEC large field projects produced
over two million barrels of oil per day in the same year.”
High performance anti-scaling chemicals are indispensable to the oil,
gas, and mining industries, as these products are subjected to extreme
levels of temperature and pressure. Moreover, anti-scaling chemicals for
these industries must have high tolerance for hard water as well as
various modes of action.
Global industrial anti-scaling chemicals market for water and
wastewater treatment industry
The water and wastewater treatment segment was the second largest
segment in the market in 2015, accounting for a market share of
approximately 26%. Polymer-based anti-scaling chemicals and products for
reverse osmosis (RO) membrane systems have high efficacy at low doses.
As a result, they are in high demand from the water and water treatment
industries. Only 0.01% of the world's total surface water is easily
accessible as the rest is present as seawater, ground water, and
glaciers. Factors like the rising quality standards for process water in
manufacturing industries and the emphasis on water reuse and recycling
by stringent government regulations, will aid the market growth for
chemicals used in these processes, including anti-scaling chemicals.
“Capital expenditure by companies on water reuse will grow at a CAGR of
over 20% during the forecast period. Wastewater reuse is a key
contributor to market growth as countries like Kuwait, Israel,
Singapore, and Egypt reuse around 90% of their wastewater. So, the
global industrial anti-scaling chemicals market for water and wastewater
treatment industry will post a CAGR of over 5% during the forecast
period,” says Abhay.
Global industrial anti-scaling chemicals market for food and beverage
industry
The food and beverage segment is one of the fastest growing segments in
the market, growing at a CAGR of over 5% by 2020. Factors like various
macroeconomic developments such as growing GDP in developing regions,
increasing consumer spending, and changing lifestyle, taste, and
preferences of consumers will augment the growth prospects for this
market. Although, the market growth is restricted by inflation and weak
supply chain management in key developing regions like APAC, the demand
for high-quality food and retailing services has increased the
consumption of premium products. The demand for anti-scaling chemicals
will grow exponentially in the food and beverage industry, which uses
anti-scaling chemicals in process water and wastewater treatment.
The top vendors highlighted by Technavio’s research analysts in this
report are:
-
Kemira Oyj
-
BWA Water Additives
-
The Dow Chemical
-
Clariant
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About Technavio
Technavio
is a leading global technology research and advisory company. The
company develops over 2000 pieces of research every year, covering more
than 500 technologies across 80 countries. Technavio has about 300
analysts globally who specialize in customized consulting and business
research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research
techniques to ascertain the size and vendor landscape in a range of
markets. Analysts obtain information using a combination of bottom-up
and top-down approaches, besides using in-house market modeling tools
and proprietary databases. They corroborate this data with the data
obtained from various market participants and stakeholders across the
value chain, including vendors, service providers, distributors,
re-sellers, and end-users.
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