by The global Oil and Gas Descaler Market is estimated to be valued at US$ 368.31 Mn in 2023 and is expected to exhibit a CAGR of 3.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Oil and gas descaler refers to chemical compounds used to remove scale deposits from pipes and equipment used in the oil and gas industry. Scale is generally composed of minerals like calcium carbonate and magnesium hydroxide. It builds up inside pipes, boilers, and cooling systems reducing heat transfer efficiency and fluid flow. Descalers chemically dissolve scales preventing flow restrictions and equipment damages. They find extensive application in upstream and downstream oil and gas production, transportation, refining, and petrochemical processing. Common descaling chemistries include acids, chelating agents and non-acid formulations.
Market key trends:
One of the key trends in the oil and gas descaler market is growing shale exploration and production activities. With continuous technological advancements, unconventional resources like tight oil & gas and shale have emerged as important sources of energy. This has encouraged major oil companies to invest heavily in North American shale plays like Permian, Bakken and Marcellus driving demand for downstream processing chemicals including descalers. Furthermore, aging oil and gas infrastructure in regions like North America and Europe also requires frequent descaling to maximize asset productivity. Stringent environmental regulations regarding water usage and disposal have also increased adoption of non-acid and environmentally benign descaling formulations.
Porter’s Analysis
Threat of new entrants: Low due to high capital requirements and established brands of existing players.
Bargaining power of buyers: Moderate due to availability of substitutes but customized products retain customers.
Bargaining power of suppliers: Moderate due to availability of alternative raw material suppliers but regulations favor large suppliers.
Threat of new substitutes: Low as descaling products have well recognized performance however ecofriendly substitutes may pose threat in future.
Competitive rivalry: High due to large number of global and regional players offering similar products attempting to gain higher market share.
Key Takeaways
The global Oil and Gas Descaler Market Share is expected to witness high growth, exhibiting CAGR of 3.2% over the forecast period, due to increasing demand from oil and gas industry for corrosion protection in pipelines and reactors. The market size for 2023 is US$ 368.31 Mn.
Regional analysis: North America dominated the market in 2023 owing to growing shale gas extraction activities and is expected to continue its dominance over the forecast period. Asia Pacific is expected to witness fastest growth due to increasing oil and gas production and upcoming pipeline projects in China and India.
Key players: Key players operating in the Oil and Gas Descaler Market are Ecolab Inc., BASF SE, Solvay S.A., FQE Chemicals, Innospec Inc., Stepan Company, Dow Inc., Kemira Oyj, GE Water and Process Technologies, Aries Chemical Inc. Ecolab Inc. holds largest market share owing to its diversified product portfolio and global presence. BASF SE, Solvay S.A. and Dow Inc focus on developing ecofriendly products to gain competitive advantage.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
