Email
Print
Market Overview:
The Antiscalant/Scale Inhibitors Market size is estimated to reach $4.7 Billion by 2030, growing at a CAGR of 4.7% during the forecast period 2023-2030, according to a recent report published by IndustryARC, titled, “Antiscalant/Scale Inhibitors Market –– By Type (Organic and Inorganic), By Product (Carbonates, Phosphonates, Sulphates, Fluorides and Others), By Method (Threshold Inhibition, Crystal Modification and Dispersion), By End User (Oil & Gas, Mining, Water Treatment, Pharmaceutical, Agriculture, Chemical Industry, Food & Beverage, Power Generation and Others), By Geography - Global Opportunity Analysis & Industry Forecast, 2023-2030”
Growing Demand in Water Treatment Industry and Expansion in Oil & Gas and Power Generation Sectors are fueling the growth of the Antiscalant/Scale Inhibitors industry during the forecast period.
Asia-Pacific Dominated the Market in 2023:
Asia-Pacific is analyzed to grow with the highest CAGR of 6.2% during the forecast period 2023-2030. due to rapid industrialization, urbanization, and a growing population across the region. The increasing demand for clean water, driven by water scarcity in countries like India and China, has spurred investments in desalination plants and wastewater treatment facilities, which extensively use antiscalants to ensure efficient operations. Additionally, the region's thriving oil & gas, power generation, and chemical industries contribute significantly to the demand for scale inhibitors to maintain system reliability and reduce maintenance costs. Government initiatives promoting sustainable industrial practices and stringent regulations on water quality have further boosted the adoption of advanced antiscalants products. With continuous infrastructure development and economic growth, Asia-Pacific is poised to remain a dominant player in the market.
Antiscalant/Scale Inhibitors Market: Key Takeaways
Growing Demand in Water Treatment Industry:
The escalating need for clean and potable water worldwide is a major driver for the antiscalant/scale inhibitors market. Rapid urbanization, industrial growth, and rising populations have led to increased water consumption and wastewater generation. Antiscalants are essential in water treatment plants to prevent scale formation in equipment, ensuring efficient operation. According to Asian Development Bank report published in 2022, despite advances in the water sector of the Asia and Pacific region, almost 500 million people in the Asia and Pacific region do not have access to basic water supplies and 1.12 billion lack access to basic sanitation. Moreover, the government are investing in water and wastewater management. The growth of desalination plants in water-scarce regions, particularly in the Middle East, North Africa, and parts of Asia-Pacific, is further boosting demand. With stricter regulations around wastewater discharge and the adoption of advanced treatment technologies like reverse osmosis, the use of high-performance antiscalants is becoming critical. Solenis, a leading global producer of speciality chemicals for water-intensive industries, completed the acquisition of CedarChem LLC on October 2, 2023. As part of the acquisition, Solenis will acquire all CedarChem operating assets. This trend is supported by innovations in eco-friendly and biodegradable formulations to meet sustainability goals.
For More Queries About "Antiscalant/Scale Inhibitors Market " @ https://www.industryarc.com/reports/request-quote?id=500132
Expansion in Oil & Gas and Power Generation Sectors:
The oil & gas and power generation industries are significant consumers of antiscalants. In oil extraction processes, scale inhibitors prevent deposits in pipelines and equipment, reducing maintenance costs and ensuring uninterrupted operations. Similarly, in power plants, particularly those using cooling towers and boilers, antiscalants help maintain heat transfer efficiency. With the ongoing global energy transition, renewable energy projects are also adopting antiscalants to maintain operational reliability. In 2024, the upstream oil and gas industry is expected to experience notable changes influenced by developments in 2023. From the ongoing wave of consolidation and the maturation of the U.S. shale sector to pivotal shifts in Latin America, Africa, and Asia, the industry is adapting to new dynamics. Growth in shale gas exploration and offshore drilling activities presents lucrative opportunities for advanced scale inhibitors tailored to harsh conditions, such as high temperatures and salinity. For instance, the U.S. shale industry is maturing, necessitating a greater emphasis on maintaining and increasing production from existing wells. Notably, the percentage of wells producing less than 50 barrels of oil equivalent per day (boepd) in Eagle Ford and Bakken surpasses 50%.
Scope of the Report:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Recent Developments
- In March 2024, Solvay SA formed strategic partnerships with key industry leaders to develop specialized antiscalant formulations tailored to specific industrial needs. These collaborations aim to maximize scale inhibition efficiency by delivering custom solutions that address evolving client expectations, ensuring enhanced performance in diverse industrial processes and improving operational outcomes across sectors.
- In August 2023, BASF SE launched a new range of eco-friendly antiscalant products to cater to the rising demand for sustainable water treatment solutions. These products feature advanced formulations that provide high performance while minimizing environmental impact. BASF's commitment to environmentally responsible solutions aligns with the increasing need for green alternatives in water management.
Antiscalant/Scale Inhibitors Market: Competitive Landscape
Key companies profiled in the Antiscalant/Scale Inhibitors Market are BASF SE, The Dow Chemical Company, Kemira Oyj, Clariant AG, Solvay S.A., Ashland Global Speciality Chemicals Inc., SNF, Italmatch, Solenis, Avista and others.
About IndustryARC™:
IndustryARC primarily focuses on Market Research and Consulting Services specific to Cutting Edge Technologies and Newer Application segments of the market. The company’s Custom Research Services are designed to provide insights into the constant flux in the global demand-supply gap of markets.
IndustryARC’s goal is to provide the right information required by the stakeholder at the right point in time, in a format that assists an intelligent and informed decision-making process.
Contact Us:
Mr. Venkat Reddy
IndustryARC
Email: [email protected]
USA: (+1) 518-282-4727