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Hydrate Inhibitors Market

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The global hydrate inhibitors market was valued at US$ 170.0 Million in 2017 and is anticipated to register a CAGR of 6.9% in terms of revenue, over the forecast period (2017 – 2025) to reach US$ 290.3 million by 2025.
Hydrate Inhibitors Market - Size, Share, trends, and
Forecast to 2025
Hydrate inhibitors are chemical substances or devices that are designed to
control the formation of hydrates during the process of natural gas production.
Natural gas hydrates are ice-like solids that form when natural gas and free
water are combined at low temperature and high pressure. It is formed at a gas
or an oil condensate well.
Hydrate inhibitors aid in reducing hydrate plugs and line blockages, which
occur due to hydrate formation. Hydrate inhibitors are used where mechanical
methods such as insulated flow line and active heating are not feasible.
The market for hydrate inhibitors is expected to exhibit high growth in the near
future, owing to increasing demand for natural gas & crude oil. Growth of
hydrate inhibitors market is dependent on natural gas consumption as hydrate
inhibitors are used to prevent or reduce gas hydrate formation in offshore and
onshore production system. According to the International Energy Outlook
2017, U.S. Energy Information Administration, world energy consumption is
estimated to increase from 575 quadrillion British thermal units (Btu) in 2015 to
663 quadrillion Btu by 2030. Furthermore, it is estimated to increase to 736
quadrillion Btu by 2040, thereby increasing demand for various energy sources
including natural gas.
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The global hydrate inhibitor market was valued at US$ 170.0 Million in 2017
and is anticipated to register a CAGR of 6.9% in terms of revenue, over the
forecast period (2017 – 2025) to reach US$ 290.3 million by 2025.
Key players operating in the global hydrate inhibitors market include
Halliburton, Ashland Global Specialty Chemicals Inc., Ecolab Inc., Baker
Hughes Inc., Innospec Inc., JSC Gazprom Neftekhim Salavat, BASF SE,
Evonik Industries AG, Clariant AG, GasHydrate LLC, and Schlumberger
Limited.
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pallavi.reddy
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