Dubai, United Arab Emirates, January 17, 2022 (GLOBE NEWSWIRE) – World sales Low Dosage Hydrate Inhibitor Market set to higher 75.3 million US dollars In 2022. We are expanding healthily 8.1% compound annual growth rate, the total market size is expected to reach 120.3 million US dollars by 2029.
|Estimated Size of Low Dosage Hydrate Inhibitor Market in 2022||75.3 million US dollars|
|Compound annual growth rate (CAGR) on the basis of Low-Dose Hydrate Inhibitor Market Value (2022-2029)||~8.1%|
|The forecast size of the Low Dosage Hydrate Inhibitor Market in 2029||120.3 million US dollars|
The use of low-dose inhibitors will be particularly high in the marine terrain sector, according to an FMI analysis. A massive incremental opportunity is expected until 2029, and it is expected that over 90% of the total consumption of LHDI will be logged by marine terrain.
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Agglomeration inhibitors have the potential to rise above kinetic hydrate inhibitors
The majority of the leading manufacturers are accelerating the switch from conventional thermodynamic inhibitors to lower dose hydrate inhibitors in an effort to achieve significant savings in terms of maintenance costs. The increased acceptance of lower dose hydrate inhibitors will be further enhanced by cost benefits related to flow assurance and flow maintenance, warehousing, logistics, and pumping among others.
In addition, BOD (biological oxygen demand) and COD (chemical oxygen demand) associated with low-dose hydrate inhibitors are significantly lower than that of thermodynamic inhibitors. According to the FMI study, the superior sustainability quotient will continue to place low-dose hydrate inhibitors higher than thermodynamic inhibitors. In line with the growing pursuit of sustainability, the anti-caking type of low-dose hydrochloride inhibitor, which is more biodegradable than the KCI, will continue to be the most preferred compound in the global low-dose hydrochloric inhibitor market.
China will remain the dominant producer and consumer of low-dose hydrate inhibitors
China is expected to lead the overall consumption of LHDI, while retaining the title of the largest producer and consumer of LHDI, globally. North America accounted for more than 16% of total global LHDI revenue in 2018. The report envisions that North America will remain among the most important markets for LHDI throughout the study period. Moreover, this growth is mainly attributable to the region’s priority in offshore gas production activities.
Although the report reaffirms the supremacy of China and North America in the LDI landscape, the booming manufacturing landscape in rapidly developing regional enclaves such as East Asia, the Middle East and Africa, and Latin America is driving accelerating revenue growth of LDIs.
The ever-increasing demand for LHDI from emerging markets such as India and ASEAN countries is expected to create great opportunities for LHD manufacturers in the coming years. New offshore natural gas exploration projects are also expected to boost consumption levels of LHDI in the Middle East and Africa region, up to 2028.
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Vendor Insights: Global Low-Dose Hydrate Inhibitor Market
The report covered the detailed strategic profiles of some of the major companies operating in the global low-dose hydrate inhibitor market, such as BASF SE, Schlumberger Limited, Arkema Group, Baker Hughes Incorporated (BGHE), Clariant AG and Ecolab Inc. and Evonik Industries. AG, Force Chem Technologies LLC, and Halliburton Co. , and Gas Hydrate LLC, among others.
|Historical data available for||2014-2021|
|market analysis||Units of volume and million dollars of value|
|Main areas covered||North America, Latin America, Europe, East Asia, South Asia, Oceania, Middle East and Africa.|
|Main countries covered||United States, Canada, Brazil, Mexico, Germany, United Kingdom, France, Italy, Spain, North, Russia, Poland, China, India, Thailand, Indonesia, Australia and New Zealand, Japan, GCC countries, North Africa, South Africa, other countries .|
|Main Market Segments Covered||Product type, terrain type and area|
|An overview of the main companies||
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