Description
Hydrate Inhibitors Market Analysis
Hydrate Inhibitors Market Forecast to 2030
Market Overview
Inhibitors of hydrate formation are chemicals used in the extraction of natural gas. Hydrate inhibitors help to avoid hydrate formation-related issues including hydrate plugs and line blockages and stop the development of gas hydrates under low temperature and high pressure situations. Thermodynamic hydrate inhibitors (THIs) and low dose hydrate inhibitors are the two categories of hydrate inhibitors (LDHIs). Contrary to what is necessary for thermodynamic inhibition, low dosage hydrate inhibitors help manage flow in pipelines by controlling the production of hydrates in a very small volume.
The global market for hydrate inhibitors is anticipated to develop during the research period due to the rising demand for low-dosage hydration inhibitors due to their performance qualities. The global hydrate inhibitor market is expanding as a result of the recent advances in gas hydrate drilling that have been made possible by the global decline in conventional oil and gas reserves. Furthermore, it is anticipated that throughout the projected period, players active in the worldwide hydrate inhibitors market will benefit from the rising investments in oil and gas exploration in developing nations.
Segment Overview
The market for Hydrate Inhibitors has been divided into three segments: type, application, and region. Thermodynamic inhibitors (THIs) and Low-dosage hydrate inhibitors (LDHIs) are the two type categories that make up the global Hydrate Inhibitors industry. The market has been divided into Onshore operations and Offshore operations based on application segment.
Regional Analysis
North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa are the five major regions covered in this study of the global market for hydrate inhibitors.
During the study period, the global market for hydrate inhibitors is anticipated to develop due to the rising demand for low-dosage hydration inhibitors due to their performance qualities. The world’s conventional oil and gas reserves are being depleted, which is causing an increase in gas hydrate drilling technology, and this is helping the worldwide hydrate inhibitor market expand. The market expansion of hydrate inhibitors is being hindered by the high dose requirements of thermodynamic inhibitors and the availability of depressurization methods for managing hydrate formation. Additionally, the environmental problems related to the usage of anti-agglomerate (AA) LDHI are a hindrance to the expansion of the product market throughout the course of the projection period. Moreover, the global market for hydrate inhibitors is anticipated to see significant impetus during the projected period due to a shifting trend toward the usage and production of renewable sources of energy and renewable products.
Five geographical areas—North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa—are investigated in relation to the hydrate inhibitors market. In 2021, North America held the greatest market share among these regions.
Major Player
s
The main players in the market at the moment that are competing in terms of quality, price, and availability are Finoric LLC (US), Tetra Technologies, Inc. (US), BASF SE (Germany), a GE Company LLC (US), Halliburton (US), Ecolab (US), ARKEMA (France), Ashland (US), Huntsman International LLC (US), Evonik Industries AG (Germany), Schlumberger Limited (US), Omni Industrial Solutions (US), and Baker Hughes.
COVID 19 Impacts
Numerous markets have been negatively impacted by COVID-19, while other markets have benefited from its occurrence. The world continued to use fuel as usual even during the pandemic. The spread of a lethal virus and the global implementation of a complete lockdown had a minimal impact. Additionally, the value of hydrate inhibitors is influenced by the production of natural gas and crude oil. Since hydrate inhibitors are used in the production process, their use does not immediately affect the market for natural gas and crude oil products. Additionally, there is a huge global demand for fuel. Due to market players’ need to close production facilities or run them at less than optimal production levels in order to stop the COVID-19 pandemic, the output of hydrate inhibitors decreased during this time. However, Tier 1 market participants have kept running their manufacturing plants.
The chemical distribution supply chain has been under intense pressure ever since the COVID-19 outbreak broke out. Ports in numerous nations experience severe congestion, which causes cargo ships to experience significant delays in unloading goods and, eventually, supplying items within a specific time frame. A small but lucrative segment of the worldwide chemical industry, the hydrate inhibitors market is intricately linked and dependent on steady supply.
TABLE OF CONTENT
S
1 EXECUTIVE SUMMARY 23
1.1 MARKET ATTRACTIVENESS ANALYSIS 25
1.1.1 GLOBAL HYDRATE INHIBITORS MARKET, BY TYPE 26
1.1.2 GLOBAL HYDRATE INHIBITORS MARKET, BY APPLICATION 27
1.1.3 GLOBAL HYDRATE INHIBITORS MARKET, BY REGION 28
2 MARKET INTRODUCTION 29
2.1 DEFINITION 29
2.2 SCOPE OF THE STUDY 29
2.3 MARKET STRUCTURE 30
3 RESEARCH METHODOLOGY 31
3.1 RESEARCH PROCESS 31
3.2 PRIMARY RESEARCH 32
3.3 SECONDARY RESEARCH 33
3.4 MARKET SIZE ESTIMATION 34
3.5 FORECAST MODEL 35
3.6 LIST OF ASSUMPTIONS 36
4 MARKET INSIGHTS 37
5 MARKET DYNAMICS 42
5.1 INTRODUCTION 42
5.2 DRIVERS 43
5.2.1 INCREASING DEMAND FOR LOW-DOSAGE HYDRATE INHIBITORS IN THE OIL & GAS INDUSTRY 43
5.2.2 ADVANCEMENTS IN THE DRILLING OF GAS HYDRATES 43
5.2.3 DRIVERS IMPACT ANALYSIS 44
5.3 RESTRAINTS 44
5.3.1 ENVIRONMENTAL ISSUES ASSOCIATED WITH THE USE OF ANTI-AGGLOMERATE (AA) LDHI 44
5.3.2 RESTRAINTS IMPACT ANALYSIS 45
5.4 OPPORTUNITIES 45
5.4.1 INCREASING INVESTMENTS IN OIL & GAS EXPLORATION ACTIVITIES IN DEVELOPING ECONOMIES 45
5.4.2 RESEARCH & DEVELOPMENT OF ECO-FRIENDLY HYDRATE INHIBITORS 46
5.5 CHALLENGES 47
5.5.1 REQUIREMENT OF HIGH DOSAGE OF THERMODYNAMIC INHIBITORS 47
5.5.2 AVAILABILITY OF DEPRESSURIZATION METHOD FOR CONTROLLING HYDRATE FORMATION 47
5.6 TRENDS 47
5.6.1 SHIFT TOWARD RENEWABLE SOURCES OF ENERGY 47
5.7 COVID 19 IMPACT ANALYSIS 48
5.7.1 ECONOMIC IMPACT ON THE OVERALL INDUSTRY 48
5.7.2 IMPACT ON PRODUCTION 48
5.7.3 IMPACT ON HYDRATE INHIBITORS INDUSTRY 48
5.7.4 IMPACT ON SUPPLY CHAIN 48
5.7.4.1 IMPACT ON RAW MATERIALS 49
5.7.4.2 PRICE VARIATIONS OF KEY RAW MATERIALS/COMPONENTS 49
5.7.4.3 CASH FLOW CONSTRAINTS 49
5.7.5 IMPACT ON PRICING 49
5.7.6 IMPACT ON WORLD TRADE 49
6 MARKET FACTOR ANALYSIS 50
6.1 SUPPLY CHAIN ANALYSIS 50
6.1.1 RAW MATERIALS SUPPLIERS 51
6.1.1.1 RAW MATERIAL SUPPLIERS FOR THERMODYNAMIC INHIBITORS (THIS) 51
6.1.1.2 RAW MATERIAL SUPPLIERS FOR LOW-DOSAGE HYDRATE INHIBITORS (LDHIS) 51
6.1.2 HYDRATE INHIBITOR PRODUCERS 51
6.1.3 DISTRIBUTION CHANNEL 52
6.1.4 APPLICATIONS 52
6.2 PORTER’S FIVE FORCES MODEL 53
6.2.1 THREAT OF NEW ENTRANTS 53
6.2.2 THREAT OF SUBSTITUTES 54
6.2.3 BARGAINING POWER OF SUPPLIERS 54
6.2.4 BARGAINING POWER OF BUYERS 54
6.2.5 INTENSITY OF COMPETITIVE RIVALRY 54
6.3 PRICING ANALYSIS – BY REGION (USD/TON), 2021 55
6.4 GLOBAL MANUFACTURERS MARKET CONCENTRATION RATIO 55
7 GLOBAL HYDRATE INHIBITORS MARKET, BY TYPE 56
7.1 INTRODUCTION 56
7.2 THERMODYNAMIC INHIBITORS (THI) 58
7.3 LOW-DOSAGE HYDRATE INHIBITORS (LDHI) 60
8 GLOBAL HYDRATE INHIBITORS MARKET, BY APPLICATION 62
8.1 INTRODUCTION 62
8.2 OFFSHORE OPERATIONS 64
8.3 ONSHORE OPERATIONS 65
9 GLOBAL HYDRATE INHIBITORS MARKET, BY REGION 66
9.1 OVERVIEW 66
9.2 NORTH AMERICA 70
9.2.1 US 74
9.2.2 CANADA 78
9.3 EUROPE 82
9.3.1 GERMANY 87
9.3.2 UK 91
9.3.3 FRANCE 95
9.3.4 ITALY 99
9.3.5 RUSSIA 103
9.3.6 NORWAY 107
9.3.7 NETHERLANDS 111
9.3.8 POLAND 115
9.3.9 DENMARK 119
9.3.10 REST OF EUROPE 123
9.4 ASIA-PACIFIC 127
9.4.1 CHINA 132
9.4.2 JAPAN 136
9.4.3 INDIA 140
9.4.4 AUSTRALIA & NEW ZEALAND 144
9.4.5 INDONESIA 148
9.4.6 SOUTH KOREA 152
9.4.7 THAILAND 156
9.4.8 REST OF ASIA-PACIFIC 160
9.5 LATIN AMERICA 164
9.5.1 BRAZIL 169
9.5.2 MEXICO 173
9.5.3 ARGENTINA 177
9.5.4 REST OF LATIN AMERICA 181
9.6 THE MIDDLE EAST AND AFRICA 185
9.6.1 GCC 190
9.6.2 NIGERIA 194
9.6.3 IRAN 198
9.6.4 IRAQ 202
9.6.5 EGYPT 206
9.6.6 REST OF THE MIDDLE EAST AND AFRICA 210
10 COMPETITIVE LANDSCAPE 214
10.1 COMPETITIVE OVERVIEW 214
10.2 GLOBAL MARKET STRATEGY ANALYSIS 214
10.3 COMPETITIVE BENCHMARKING 215
10.4 COMPETITION DASHBOARD 216
11 COMPANY PROFILES 217
11.1 SCHLUMBERGER 217
11.1.1 COMPANY OVERVIEW 217
11.1.2 FINANCIAL OVERVIEW 218
11.1.3 PRODUCT OFFERINGS 218
11.1.4 KEY DEVELOPMENTS 218
11.1.5 SWOT ANALYSIS 219
11.1.6 KEY STRATEGIES 219
11.2 BAKER HUGHES, A GE COMPANY LLC 220
11.2.1 COMPANY OVERVIEW 220
11.2.2 FINANCIAL OVERVIEW 221
11.2.3 PRODUCT OFFERINGS 221
11.2.4 KEY DEVELOPMENTS 222
11.2.5 SWOT ANALYSIS 222
11.2.6 KEY STRATEGIES 222
11.3 BASF SE 223
11.3.1 COMPANY OVERVIEW 223
11.3.2 FINANCIAL OVERVIEW 224
11.3.3 PRODUCT OFFERINGS 224
11.3.4 KEY DEVELOPMENTS 225
11.3.5 SWOT ANALYSIS 225
11.3.6 KEY STRATEGIES 225
11.4 HALLIBURTON 226
11.4.1 COMPANY OVERVIEW 226
11.4.2 FINANCIAL OVERVIEW 226
11.4.3 PRODUCT OFFERINGS 227
11.4.4 KEY DEVELOPMENTS 227
11.4.5 SWOT ANALYSIS 227
11.4.6 KEY STRATEGIES 227
12 COMPANY PROFILES 228
12.1 HUNTSMAN INTERNATIONAL LLC 228
12.1.1 COMPANY OVERVIEW 228
12.1.2 FINANCIAL OVERVIEW 229
12.1.3 PRODUCT OFFERINGS 229
12.1.4 KEY DEVELOPMENTS 230
12.1.5 SWOT ANALYSIS 230
12.1.6 KEY STRATEGIES 230
12.2 ASHLAND 231
12.2.1 COMPANY OVERVIEW 231
12.2.2 FINANCIAL OVERVIEW 232
12.2.3 PRODUCT OFFERINGS 232
12.2.4 KEY DEVELOPMENTS 233
12.2.5 SWOT ANALYSIS 233
12.2.6 KEY STRATEGIES 233
12.3 ARKEMA 234
12.3.1 COMPANY OVERVIEW 234
12.3.2 FINANCIAL OVERVIEW 235
12.3.3 PRODUCT OFFERINGS 235
12.3.4 KEY DEVELOPMENTS 236
12.3.5 SWOT ANALYSIS 236
12.3.6 KEY STRATEGIES 236
12.4 EVONIK INDUSTRIES AG 237
12.4.1 COMPANY OVERVIEW 237
12.4.2 FINANCIAL OVERVIEW 238
12.4.3 PRODUCT OFFERINGS 238
12.4.4 KEY DEVELOPMENTS 239
12.4.5 SWOT ANALYSIS 239
12.4.6 KEY STRATEGIES 239
12.5 HUNTSMAN INTERNATIONAL LLC 240
12.5.1 COMPANY OVERVIEW 240
12.5.2 FINANCIAL OVERVIEW 241
12.5.3 PRODUCT OFFERINGS 241
12.5.4 KEY DEVELOPMENTS 242
12.5.5 SWOT ANALYSIS 242
12.5.6 KEY STRATEGIES 242
12.6 ASHLAND 243
12.6.1 COMPANY OVERVIEW 243
12.6.2 FINANCIAL OVERVIEW 244
12.6.3 PRODUCT OFFERINGS 244
12.6.4 KEY DEVELOPMENTS 245
12.6.5 SWOT ANALYSIS 245
12.6.6 KEY STRATEGIES 245
12.7 ARKEMA 246
12.7.1 COMPANY OVERVIEW 246
12.7.2 FINANCIAL OVERVIEW 247
12.7.3 PRODUCT OFFERINGS 247
12.7.4 KEY DEVELOPMENTS 248
12.7.5 SWOT ANALYSIS 248
12.7.6 KEY STRATEGIES 248
12.8 EVONIK INDUSTRIES AG 249
12.8.1 COMPANY OVERVIEW 249
12.8.2 FINANCIAL OVERVIEW 250
12.8.3 PRODUCT OFFERINGS 250
12.8.4 KEY DEVELOPMENTS 251
12.8.5 SWOT ANALYSIS 251
12.8.6 KEY STRATEGIES 251
12.9 ECOLAB 252
12.9.1 COMPANY OVERVIEW 252
12.9.2 FINANCIAL OVERVIEW 253
12.9.3 PRODUCTS OFFERED 253
12.9.4 KEY DEVELOPMENTS 254
12.9.5 SWOT ANALYSIS 254
12.9.6 KEY STRATEGIES 254
12.10 FINORIC LLC 255
12.10.1 COMPANY OVERVIEW 255
12.10.2 FINANCIAL OVERVIEW 255
12.10.3 PRODUCTS OFFERED 255
12.10.4 KEY DEVELOPMENTS 255
12.10.5 SWOT ANALYSIS 256
12.10.6 KEY STRATEGIES 256
12.11 OMNI INDUSTRIAL SOLUTIONS 257
12.11.1 COMPANY OVERVIEW 257
12.11.2 FINANCIAL OVERVIEW 257
12.11.3 PRODUCTS OFFERED 257
12.11.4 KEY DEVELOPMENTS 257
12.11.5 SWOT ANALYSIS 258
12.11.6 KEY STRATEGIES 258
12.12 TETRA TECHNOLOGIES, INC. 259
12.12.1 COMPANY OVERVIEW 259
12.12.2 FINANCIAL OVERVIEW 260
12.12.3 PRODUCTS OFFERED 260
12.12.4 KEY DEVELOPMENTS 261
12.12.5 SWOT ANALYSIS 261
12.12.6 KEY STRATEGIES 261
13 APPENDIX 262
13.1 REFERENCES 262
13.2 RELATED REPORTS 263
Reviews
There are no reviews yet.