Oilfield Scale Inhibitor Market to Witness Significant Growth due to the Growing Demand from Oil & Gas Industry

Scale inhibitors are chemicals used for controlling or preventing scales from depositing in the production conduit or completion system. In oilfield, these scale inhibitors are injected through capillary or subsea umbilical tubes at regular intervals. It increases the lifetime of the equipment and maintains its flow capacity and efficiency, thus improving the production as well. The worldwide market for oilfield scale inhibitor has been experiencing a strong growth, owing to increased exploration activities and new discoveries in the oil & gas industry. Over the coming years, the market is expected to maintain a positive upward trend.

Market Drivers & Challenges

The growth of the worldwide market for oilfield scale inhibitors is primarily influenced by the following factors:

  • Increased demand for oilfield scale inhibitors from oil & gas industry
  • Easy availability
  • Rising demand for biodegradable and eco-friendly scale inhibitors

Moreover, increased offshore expenditure and new discoveries in oil & gas sector is likely to create ample growth opportunities. However, environmental effects, current low oil prices, and political unrest coupled with lack of proper infrastructure may act as bottleneck for the further growth of this market.

Market Overview

Estimated to grow at a CAGR of 5.40% during the forecast period, the global oilfield scale inhibitor market that was valued at USD 509.4 Million in 2014 is projected to hit USD 697.5 Million by 2020. Geographically, RoW took up the largest market share in 2014, and is expected to continue doing so over the forecast period as well.

Based on types of oilfield scale inhibitors, the carboxylate/acrylate segment held the major share of the market in 2014. However, the sulfonates segment is expected to advance at the highest CAGR from 2015 to 2020, owing to the new discoveries and increased activities in oil & gas sector.

Some of the major players functioning the in the global market for oilfield scale inhibitor are The Dow Chemical Company (U.S.), BASF SE (Germany), AkzoNobel Oilfield (The Netherlands), Kemira OYJ (Finland), Solvay S.A. (Belgium), Halliburton Company (U.S.), Schlumberger Limited (U.S.), Baker Hughes Incorporated (U.S.), Clariant AG (Switzerland), E. I. du Pont de Nemours and Company (U.S.), Evonik Industries AG (Germany), GE Power & Water Process Technologies (U.S.), Ashland Inc. (U.S.), and Innospec Inc. (U.S.).

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Scope of the Research

The analysis and predictions for the global market for oilfield scale inhibitors has been done on the basis of following segmentation:

  • Type: Phosphonates, Carboxylate/Acrylate, Sulfonates, Others
  • Geography:  North America, Europe,  Asia-Pacific, RoW

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