Oil Line Corrosion Inhibitors Market Scope
Oil Line Corrosion Inhibitors are chemical compounds with essential corrosion preventive properties. This chemicals are added to prevent the corrosion-related problems. Corrosion in oil and gas field is mainly caused by processing conditions and concentrations of salts and water at different stages of oil and gas production processes. These inhibitors are preferred to control pipeline corrosion at the metal/environment interface. Hence, the demand for this inhibitors has been raised. However, presence of alternatives like alloys is challenging to the market. Geographically, North America region is expected to grow with higher growth rate over forecast period followed by Asia Pacific and Europe owing to increasing expenditure of Oil Fields related activities and other industries.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | BASF SE (Germany), Solvay S.A. (Belgium), DuPont (United States), Clariant AG (Switzerland), Kaneka Corporation (Japan), Huntsman Corporation (United States), Dorf Ketal (India), The Dow Chemical Company (United States), AkzoNobel N.V. (Netherland), Henkel AG & Co. KGaA (Germany), Innospec (United States) and Lonza (Switzerland) |
CAGR | % |
The market of Oil Line Corrosion Inhibitors is expected to grow with rising demand from oil & gas industry. Several companies are operating in the market to provide Oil Line Corrosion Inhibitors with unique features. The market is fragmented with the presence of several market players. They are gaining attention owing to their innovative and novel portfolio. Owing to huge demand, market is expected to witness substantial growth over forecast period.
BASF SE (Germany), Solvay S.A. (Belgium), DuPont (United States), Clariant AG (Switzerland), Kaneka Corporation (Japan), Huntsman Corporation (United States), Dorf Ketal (India), The Dow Chemical Company (United States), AkzoNobel N.V. (Netherland), Henkel AG & Co. KGaA (Germany), Innospec (United States) and Lonza (Switzerland) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Cortec Corporation (United States), Universal Oil Field (United States), General Electric (United States), Rimpro (India) and Imperial Oilfield Chemicals Pvt. Ltd. (India).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Oil Line Corrosion Inhibitors market by Type , by Application (Process Vessels & Equipment, Storage Tanks, Pipelines and Others) and Region with country level break-up.
On the basis of geography, the market of Oil Line Corrosion Inhibitors has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2021.
Oil Line Corrosion Inhibitors Market Dynamics:
Attributes | Details |
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Trends Influencing Market | - Rising Preference for Organic Corrosion Inhibitors over Inorganic
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Key Restraints | - Fluctuation in Raw Material Availability
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Challenges | - Presence of Alternative Alloys in Market
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Market Opportunities | - Introduction of Green Oil Line Corrosion Inhibitors with Growing Environmental Protection created multiple Growth Opportunity
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Key Target Audience
Oil Line Corrosion Inhibitors Manufacturers, Oil Line Corrosion Inhibitors Suppliers/Distributor, Raw Material Providers, Regulatory Authorities, New Entrants/Investors, Strategic Business Planners, Governments and End Use Industry