Scale Inhibitors Market Business Analysis 2019 by CAGR, Share, Revenue and Prominent Key Players to 2023
Market Research Future proclaims that the Global Scale Inhibitors Market is predicted to garner a CAGR of 4.68% during the forecast period (2018-2023). Extensive demand from the energy sector is likely to favor the market growth in the foreseeable years. Also known as antiscalants, scale inhibitors are referred to as chemical materials which are used in the manufacturing sector to check or limit the formation of scale. They are extensively used in the industries including food & beverage, mining & construction, power generation plants, oil & gas, water & waste water treatment, and various environmental protection industries. Scale Inhibitors help to prevent the accumulation of unwanted formation on the walls of waste water treatment. The most commonly used inhibitors include sulfonates, phosphonates, and carboxylate/acrylates.
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The prominent players operating in the Global Scale Inhibitors Market comprises Solenis (U.S.), American Water Chemicals Inc. (U.S.), Arkema SA (France), Kemira Oyj (Finland), Clariant (Switzerland), BASF SE (Germany), BWA Water Additives (U.S.),Ecolab (U.S.), now DuPont (U.S.), and SUEZ (France).
Market Potential and Pitfalls:
Waste water and water treatment is considered one of the fastest and largest expanding end-user applications of the Scale Inhibitor Market. With the growing waste water treatment plants along with the upcoming government projects aiming towards waste water treatment like India’s Namami Gange projects, the market for scale inhibitor is considered to flourish across the globe. The increased demand for portable water owing to the rapid urbanization especially in the emerging regions like India and China, the market is estimated to fuel in the foreseeable future. Owing to its extensive use in the energy sector, the market is expected to experience an up thrust. Benefits such as time savings and increased cost, is predicted to fuel the market in the coming years. The market is further encouraged by the rising construction, desalination, mining, oil & gas, and power sectors.oil and gas is considered one of the major end-user industries. The water used is chemically treated with scale inhibitors like phosphonates in order to check or limit the formation of scale on the equipment and machineries. Such factors are likely to trigger the demand for Scale Inhibitors in the coming years. The pipelines used for the transportation of oil and gas from rigs to the refineries are of premium quality to prevent spillage. Due to scale formation, the pipelines become weak which further forms fissures and cracks. Scale inhibitors are thereby used to maintain its quality, which further trigger its demand.
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On the contrary, volatile prices of raw materials can pose a threat to the growth of the market across the globe. On a brighter note, the rising demand for biodegradable Scale Inhibitors is likely to create growth opportunities in the forthcoming years.
Global Scale Inhibitors Market: Segmental Analysis
The Global Scale Inhibitors Market has been segmented on the basis of Type and Application.
By Mode of Type, the Global Scale Inhibitors Market has been segmented into carboxylate/acrylate, phosphonates, sulfonates, and others. Among these, the phosphonates segment is predicted to command for a larger share in the global market and is likely to garner 4.29% CAGR. The growth in the market is ascribed to the surging demand in the end-user industries.
By Mode of Application, the Global Scale Inhibitors Market has been segmented into mining, power, petrochemicals, oil & gas, paper mills, and others. Among these, the power segment is predicted to display a CAGR of 4.6% owing to the surging investments in the power sector. The demand has increased due to the increased need for treatment water. Meanwhile, the oil & gas sector occupies the second spot due to the increased investment in deepwater and ultra-deep water exploration activities especially in the South China Sea.
Geographically, Global Scale Inhibitors Market span across regions namely, Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.
Considering the global scenario, the Asia Pacific region is anticipated to expand at 5.38% CAGR and is likely to retain its pole position in the coming years. The need to treat water for the surrounding rivers, rapid urbanization, and awareness regarding waste water treatment in countries like China and India is estimated to augment the demand for Scale Inhibitors in this region. For instance, the Namami Gange Programme, initiated by the government needs antiscalants in order to meet the surging demand for waste water. Due to the increasing crude oil production, China contributes the maximum share.
The European region is considered to occupy the second spot due to the surging demand for waste water treatment and from power sector. Country like Germany occupies 25.6% share and is estimated to expand at a CAGR of 2.50% in the coming years. Meanwhile, North America is predicted to observe a sturdy growth due to shale gas exploration activities.
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