July 12, 2016 - 11:00 AM EDT
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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.

If you are interested in more information, please contact our media team at [email protected].

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770

Source: Business Wire (July 12, 2016 - 11:00 AM EDT)

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