What is Paraffin Control Chemicals Market Scope?
Crude oils naturally contain saturated hydrocarbon fractions also called wax or paraffin. During production, the crude cools down as it flows from the hot reservoir to the cooler surface. During this cooling process, wax crystallization can occur resulting in wax deposition and/or a subsequent increase in viscosity – making it more difficult, if not impossible for the oil to flow uniformly through the pipeline. The effects of this wax deposition and build-up create constant and costly problems. in the reservoir, wellbore, production tubing, and surface flow lines. A paraffin control chemical enhances performance at significantly reduced dose rates, alleviating paraffin build-up in pipeline systems.
The Paraffin Control Chemicals market study is being classified by Type (Solvents, Dispersants, Detergents, Wax Crystal Modifiers and Others), by Application (Offshore and Onshore) and major geographies with country level break-up.
The market is highly competitive with the presence of several prominent vendors. These players are adopting some organic and inorganic strategies such as mergers, acquisitions, product launches, among others in order to gain a competitive advantage. Analysts at AMA predicts that Vendors from United States will contribute to the maximum growth of Global Paraffin Control Chemicals market throughout the predicted period.
Oilfield Chemical Company (United States), Innospec (United States), Baker Hughes Incorporated (United States), Akzo Nobel N.V. (Netherlands), Huntsman International LLC (United States), Schlumberger Limited (United States), Envirofluid (Australia), Berryman Chemical Inc. (United States) and KMCO LLC (United States) are some of the key players profiled in the study.
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Paraffin Control Chemicals market by Type, Application and Region.
On the basis of geography, the market of Paraffin Control Chemicals has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, 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).
Market Drivers
- Growing Petroleum Industry Worldwide
- An Upsurge in Oil Refineries across the Globe
Opportunities
- Increased Demand from Developing Companies
Restraints
- Fluctuations in Raw Material Prices
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