Oil and Gas Descaler Market is Estimated to Witness High Growth Owing to Opportunity to Prevent Equipment Corrosion

Oil and Gas Descaler Market


Oil and gas descaler refers to chemicals used to remove deposits and scale from the inner walls of pipes, vessels, boilers, heat exchangers and other equipment used in oil and gas operations. Descalers play a crucial role in cleaning equipment and preventing scale build up which can lead to reduced heat transfer efficiency and equipment corrosion over time. The build-up of scale reduces flow rates and the lifespans of pipes and equipment. Descalers chemically dissolve hardness scale without harming metal surfaces or requiring disassembly of the equipment.

The global Oil and Gas Descaler Market is estimated to be valued at US$ 368.31 Mn in 2023 and is expected to exhibit a CAGR of 10% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Opportunity
Equipment corrosion is a major problem in oil and gas industry leading to failures, leaks and significant financial losses due to repair and downtime costs. Descalers effectively remove hardness scale and prevent corrosion of equipment internals. The ability of descalers to protect expensive oil and gas infrastructure from corrosion and extend equipment life presents a major growth opportunity for descaler market. Continuous efforts by manufacturers to develop innovative descaling formulations that can dissolve tough scales at low concentrations without harming metals will further aid the market growth over the forecast period.

Porter’s Analysis

Threat of new entrants: The oil and gas descaler market require high initial capital investments and economies of scale. Established brands have strong relationships with end-users which make it difficult for new players to enter.

Bargaining power of buyers: Buyers have moderate bargaining power given the availability of substitutes and differentiation between brands. However, switching costs are low.

Bargaining power of suppliers: Major suppliers have significant bargaining power given their technical knowledge and expertise required. This forces buyers to accept high prices.

Threat of new substitutes: Threat of substitutes is low as descaling chemicals have few alternatives for oil and gas pipelines maintenance. However, alternative debottlenecking methods can be a potential threat.

Competitive rivalry: The market is highly competitive with major global players offering a variety of products. Players compete based on product quality, pricing, and supply chain strength.

SWOT Analysis
Strength: Strong R&D capabilities allow development of customized formulations. Established brands enjoy high customer loyalty and trust in product quality.

Weakness: Fluctuating raw material prices increase production costs. Significant investments required to expand and maintain production facilities.

Opportunity: Growing oil & gas industry worldwide drives demand for descaling chemicals. Entering developing markets in Asia Pacific and Middle East provides scope for market expansion.

Threats: Stringent environmental regulations regarding chemical usage can impact sales. Substitutes like manual cleaning pose competitive threat.

Key Takeaways

Global Oil And Gas Descaler Market Size is expected to witness high growth over the forecast period driven by rising energy demand worldwide. The market was valued at US$ 368.31 Mn in 2023 and is anticipated to reach over US$ 650 Mn by 2030, expanding at a CAGR of around 10%.

North America dominated the global market in 2023, accounting for over 30% of the total demand, followed by Europe and Asia Pacific. Growth in the US and Canada will be underpinned by increasing shale gas production along with rising investments in pipeline infrastructure development projects. Countries such as China, India, Indonesia, and Malaysia are witnessing substantial growth in oil and gas pipeline networks which will drive the demand for descaling chemicals. Additionally, presence of numerous offshore oilfields raises the requirement for periodic pipeline maintenance using descaling solutions..

Key players operating in the oil and gas descaler market include Audio Network Limited, Envato Elements Pty Ltd., Epidemic Sound, Pond5 Inc., Shutterstock, Inc., SoundCloud Ltd., Inmagine Lab Pte Ltd, The Music Bed LLC, Music Vine Limited, Storyblocks.com, Soundsnap, Soundstripe Inc., Bensound, Jamendo, and ProductionHUB, Inc. Major players focus on new product launches and capacity expansion strategies to gain higher market share. Geographical expansion into high growth regions will also be a key focus.

Comments

Post a Comment

Popular posts from this blog

Forging has significant application in creation of various metal for wide range of applications

Image
Forging refers to any process that produces metal from scratch by subjecting it to an external force. Metal forgers can be persons or machines. This techniques may involve grinding (for example, to produce alloyed steel) or may involve the application of pressure to apply heat to the metal piece until it is malleable. The actual process depends on various factors, including the material being forged, its shape, and the degree of stress that is placed on it. Forged grain is the product of Forging with grains of metals pushed against each other through a forge-like tool and into the cladding that forms the final shape of the metal after it has been done. It is the principal production process in most metals. It uses local or repetitive thrusts delivered by a hammer or die to apply mechanical blows to the metal piece until it becomes malleable. It is frequently classified according to the speed at which it's done: fast, cold, or hot. There are many types of forgers available today...
Read more

Ginseng Market Outlook, Analysis and forecast up to 2028

Image
  Ginseng Market Ginseng is a slow-growing perennial plant with green oval-shaped leaves and meaty roots that can persist for more than a century. Ginseng is classified into two types: American ginseng and Asian ginseng. Panax quinquefolius is the scientific name for American ginseng, whereas Panax ginseng is the scientific name for Asian ginseng. Ginseng is widely used as a herb to increase the body's energy levels. Ginseng's antioxidant and anti-inflammatory qualities serve to enhance the immune system, lowering the risk of viral and microbial infections. Ginseng also helps to lower the risk of diseases such as lung cancer, skin cancer, and liver cancer. Other health advantages of ginseng include lower blood sugar levels and improved cognitive functions such as memory and conduct. Ginseng is mostly grown in the United States, Canada, and South Korea. Ginseng has been used as a herbal medicine in China for generations, and the country is one of its largest users. Asia Pacifi...
Read more

The Vaccine Contract Manufacturing Industry to Flourish Due to Urgent Need to Develop Reliable and Cost-Effective Vaccines against Covid-19

Image
Germany Vaccine Contract Manufacturing industry is expected to witness significant growth in the near future, due to emergence of Covid-19. In Germany, from 3 January 2020 to 4:06pm CEST, 18 August 2021, there have been 3,835,375 confirmed cases of COVID-19 with 91,921 deaths, reported to WHO. As of 15 August 2021, a total of 97,884,043 vaccine doses have been administered. The increasing demand for safe and cost-effective vaccines due to unmatchable quality, consistent delivery, and unparalleled security, have contributed to the increasing growth and scope of this industry. The increasing demand for vaccines and resulting profit potential have led to significant growth in the number of contract manufacturing plants located across the world. A major focus of such plants is developing cost effective, high quality vaccines that could be made available to public health organizations and other medical organizations. Several new and innovative technologies are also being developed to man...
Read more