Scale inhibitors are generally chemicals, which are extensively used in the chemical treatment of water or fluid treatment systems and prevents the accumulation of unwanted formations. The technology is extensively used in water treatment and oil gas treatment sectors. The global scale inhibitors market, as per a report by Market Research Future (MRFR) is touted to register a CAGR of 4.68% during the forecast period (2022-2030).
The soaring use of scale inhibitors market for water treatment applications is considered the primary growth stimulant for the market across the globe. The thriving oil and gas industry make use of scale inhibitors on a large scale. The pipelines which are required for the transportation of oil and gas from rigs to the refineries must be of premium quality to prevent spillage of crude oil. The formation of scale in the pipelines weakens the pipes, due to fissures and cracks develop on the surfaces. Scale inhibitors help to maintain the quality of the pipes. This is likely to encourage the market growth globally.
On the contrary, the price volatility of raw materials is likely to restrict the market growth in the foreseeable future.
Competitive Leader Board:
Leading players in the global adhesives and sealants market include Henkel AG Co. KGaA, HB Fuller Company, Ellsworth Adhesives, Eastman Chemical Company, The Dow Chemical Company, BOSTIK SA, Beardow Adams, Avery Dennison Corporation, Ashland, and 3M.
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Market Segmentation:
By type, the scale inhibitors market is segmented into sulfonates, phosphonates, carboxylates/acrylates, and others. Of these, the phosphonates segment commanded the largest share in 2022 and is predicted to garner a CAGR of 4.29% due to its surging demand from the end use industries.
Based on the application, the market includes mining, oil gas, power, petrochemicals, paper mills, and others. Of these, the power segment is anticipated to garner a CAGR of 4.6% owing to the emerging investments in the sector. The demand for scale inhibitors can arise in the power segment due to its need for treated water. Meanwhile, the oil gas sector will acquire the second spot due to surging investments in deepwater and ultra-deepwater exploration activities, especially in the South China Sea, coupled with the existence of large oil reserves.
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Regional Analysis:
Geographically, the scale inhibitors market spans across the Asia Pacific, Latin America, North America, Europe, and the Middle East Africa.
Considering the global scenario, the Asia Pacific is estimated to garner a CAGR of 5.38% by the end of 2023. The surging demand for water treatment of the surrounding rivers from the governments, rapid urbanization in China and India, and soaring awareness regarding water wastewater treatment are some of the primary growth stimulants of the regional market's growth. The Namami Gange Programme, for instance, is the ideal example which requires antiscalants to meet the increasing demand for potable water. In this region, China contributes the maximum to the market growth, mainly due to the rising crude oil production. The market in the region can surpass a valuation of USD 727.5 million, garnering a CAGR of 4.56% by 2023.
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