Product Code: MRFR/CnM/7322-CR
Market Overview
Inhibitors of hydrate formation are chemicals used in the extraction of natural gas. Hydrate inhibitors help to avoid hydrate formation-related issues including hydrate plugs and line blockages and stop the development of gas hydrates under low temperature and high pressure situations. Thermodynamic hydrate inhibitors (THIs) and low dose hydrate inhibitors are the two categories of hydrate inhibitors (LDHIs). Contrary to what is necessary for thermodynamic inhibition, low dosage hydrate inhibitors help manage flow in pipelines by controlling the production of hydrates in a very small volume.
The global market for hydrate inhibitors is anticipated to develop during the research period due to the rising demand for low-dosage hydration inhibitors due to their performance qualities. The global hydrate inhibitor market is expanding as a result of the recent advances in gas hydrate drilling that have been made possible by the global decline in conventional oil and gas reserves. Furthermore, it is anticipated that throughout the projected period, players active in the worldwide hydrate inhibitors market will benefit from the rising investments in oil and gas exploration in developing nations.
Segment Overview
The market for Hydrate Inhibitors has been divided into three segments: type, application, and region. Thermodynamic inhibitors (THIs) and Low-dosage hydrate inhibitors (LDHIs) are the two type categories that make up the global Hydrate Inhibitors industry. The market has been divided into Onshore operations and Offshore operations based on application segment.
Regional Analysis
North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa are the five major regions covered in this study of the global market for hydrate inhibitors.
During the study period, the global market for hydrate inhibitors is anticipated to develop due to the rising demand for low-dosage hydration inhibitors due to their performance qualities. The world's conventional oil and gas reserves are being depleted, which is causing an increase in gas hydrate drilling technology, and this is helping the worldwide hydrate inhibitor market expand. The market expansion of hydrate inhibitors is being hindered by the high dose requirements of thermodynamic inhibitors and the availability of depressurization methods for managing hydrate formation. Additionally, the environmental problems related to the usage of anti-agglomerate (AA) LDHI are a hindrance to the expansion of the product market throughout the course of the projection period. Moreover, the global market for hydrate inhibitors is anticipated to see significant impetus during the projected period due to a shifting trend toward the usage and production of renewable sources of energy and renewable products.
Five geographical areas-North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa-are investigated in relation to the hydrate inhibitors market. In 2021, North America held the greatest market share among these regions.
Major Players
The main players in the market at the moment that are competing in terms of quality, price, and availability are Finoric LLC (US), Tetra Technologies, Inc. (US), BASF SE (Germany), a GE Company LLC (US), Halliburton (US), Ecolab (US), ARKEMA (France), Ashland (US), Huntsman International LLC (US), Evonik Industries AG (Germany), Schlumberger Limited (US), Omni Industrial Solutions (US), and Baker Hughes.
COVID 19 Impacts
Numerous markets have been negatively impacted by COVID-19, while other markets have benefited from its occurrence. The world continued to use fuel as usual even during the pandemic. The spread of a lethal virus and the global implementation of a complete lockdown had a minimal impact. Additionally, the value of hydrate inhibitors is influenced by the production of natural gas and crude oil. Since hydrate inhibitors are used in the production process, their use does not immediately affect the market for natural gas and crude oil products. Additionally, there is a huge global demand for fuel. Due to market players' need to close production facilities or run them at less than optimal production levels in order to stop the COVID-19 pandemic, the output of hydrate inhibitors decreased during this time. However, Tier 1 market participants have kept running their manufacturing plants.
The chemical distribution supply chain has been under intense pressure ever since the COVID-19 outbreak broke out. Ports in numerous nations experience severe congestion, which causes cargo ships to experience significant delays in unloading goods and, eventually, supplying items within a specific time frame. A small but lucrative segment of the worldwide chemical industry, the hydrate inhibitors market is intricately linked and dependent on steady supply.
TABLE OF CONTENTS
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY 23
- 1.1 MARKET ATTRACTIVENESS ANALYSIS 25
- 1.1.1 GLOBAL HYDRATE INHIBITORS MARKET, BY TYPE 26
- 1.1.2 GLOBAL HYDRATE INHIBITORS MARKET, BY APPLICATION 27
- 1.1.3 GLOBAL HYDRATE INHIBITORS MARKET, BY REGION 28
2 MARKET INTRODUCTION 29
- 2.1 DEFINITION 29
- 2.2 SCOPE OF THE STUDY 29
- 2.3 MARKET STRUCTURE 30
3 RESEARCH METHODOLOGY 31
- 3.1 RESEARCH PROCESS 31
- 3.2 PRIMARY RESEARCH 32
- 3.3 SECONDARY RESEARCH 33
- 3.4 MARKET SIZE ESTIMATION 34
- 3.5 FORECAST MODEL 35
- 3.6 LIST OF ASSUMPTIONS 36
4 MARKET INSIGHTS 37
5 MARKET DYNAMICS 42
- 5.1 INTRODUCTION 42
- 5.2 DRIVERS 43
- 5.2.1 INCREASING DEMAND FOR LOW-DOSAGE HYDRATE INHIBITORS IN THE OIL & GAS INDUSTRY 43
- 5.2.2 ADVANCEMENTS IN THE DRILLING OF GAS HYDRATES 43
- 5.2.3 DRIVERS IMPACT ANALYSIS 44
- 5.3 RESTRAINTS 44
- 5.3.1 ENVIRONMENTAL ISSUES ASSOCIATED WITH THE USE OF ANTI-AGGLOMERATE (AA) LDHI 44
- 5.3.2 RESTRAINTS IMPACT ANALYSIS 45
- 5.4 OPPORTUNITIES 45
- 5.4.1 INCREASING INVESTMENTS IN OIL & GAS EXPLORATION ACTIVITIES IN DEVELOPING ECONOMIES 45
- 5.4.2 RESEARCH & DEVELOPMENT OF ECO-FRIENDLY HYDRATE INHIBITORS 46
- 5.5 CHALLENGES 47
- 5.5.1 REQUIREMENT OF HIGH DOSAGE OF THERMODYNAMIC INHIBITORS 47
- 5.5.2 AVAILABILITY OF DEPRESSURIZATION METHOD FOR CONTROLLING HYDRATE FORMATION 47
- 5.6 TRENDS 47
- 5.6.1 SHIFT TOWARD RENEWABLE SOURCES OF ENERGY 47
- 5.7 COVID 19 IMPACT ANALYSIS 48
- 5.7.1 ECONOMIC IMPACT ON THE OVERALL INDUSTRY 48
- 5.7.2 IMPACT ON PRODUCTION 48
- 5.7.3 IMPACT ON HYDRATE INHIBITORS INDUSTRY 48
- 5.7.4 IMPACT ON SUPPLY CHAIN 48
- 5.7.4.1 IMPACT ON RAW MATERIALS 49
- 5.7.4.2 PRICE VARIATIONS OF KEY RAW MATERIALS/COMPONENTS 49
- 5.7.4.3 CASH FLOW CONSTRAINTS 49
- 5.7.5 IMPACT ON PRICING 49
- 5.7.6 IMPACT ON WORLD TRADE 49
6 MARKET FACTOR ANALYSIS 50
- 6.1 SUPPLY CHAIN ANALYSIS 50
- 6.1.1 RAW MATERIALS SUPPLIERS 51
- 6.1.1.1 RAW MATERIAL SUPPLIERS FOR THERMODYNAMIC INHIBITORS (THIS) 51
- 6.1.1.2 RAW MATERIAL SUPPLIERS FOR LOW-DOSAGE HYDRATE INHIBITORS (LDHIS) 51
- 6.1.2 HYDRATE INHIBITOR PRODUCERS 51
- 6.1.3 DISTRIBUTION CHANNEL 52
- 6.1.4 APPLICATIONS 52
- 6.2 PORTER'S FIVE FORCES MODEL 53
- 6.2.1 THREAT OF NEW ENTRANTS 53
- 6.2.2 THREAT OF SUBSTITUTES 54
- 6.2.3 BARGAINING POWER OF SUPPLIERS 54
- 6.2.4 BARGAINING POWER OF BUYERS 54
- 6.2.5 INTENSITY OF COMPETITIVE RIVALRY 54
- 6.3 PRICING ANALYSIS - BY REGION (USD/TON), 2021 55
- 6.4 GLOBAL MANUFACTURERS MARKET CONCENTRATION RATIO 55
7 GLOBAL HYDRATE INHIBITORS MARKET, BY TYPE 56
- 7.1 INTRODUCTION 56
- 7.2 THERMODYNAMIC INHIBITORS (THI) 58
- 7.3 LOW-DOSAGE HYDRATE INHIBITORS (LDHI) 60
8 GLOBAL HYDRATE INHIBITORS MARKET, BY APPLICATION 62
- 8.1 INTRODUCTION 62
- 8.2 OFFSHORE OPERATIONS 64
- 8.3 ONSHORE OPERATIONS 65
9 GLOBAL HYDRATE INHIBITORS MARKET, BY REGION 66
- 9.1 OVERVIEW 66
- 9.2 NORTH AMERICA 70
- 9.2.1 US 74
- 9.2.2 CANADA 78
- 9.3 EUROPE 82
- 9.3.1 GERMANY 87
- 9.3.2 UK 91
- 9.3.3 FRANCE 95
- 9.3.4 ITALY 99
- 9.3.5 RUSSIA 103
- 9.3.6 NORWAY 107
- 9.3.7 NETHERLANDS 111
- 9.3.8 POLAND 115
- 9.3.9 DENMARK 119
- 9.3.10 REST OF EUROPE 123
- 9.4 ASIA-PACIFIC 127
- 9.4.1 CHINA 132
- 9.4.2 JAPAN 136
- 9.4.3 INDIA 140
- 9.4.4 AUSTRALIA & NEW ZEALAND 144
- 9.4.5 INDONESIA 148
- 9.4.6 SOUTH KOREA 152
- 9.4.7 THAILAND 156
- 9.4.8 REST OF ASIA-PACIFIC 160
- 9.5 LATIN AMERICA 164
- 9.5.1 BRAZIL 169
- 9.5.2 MEXICO 173
- 9.5.3 ARGENTINA 177
- 9.5.4 REST OF LATIN AMERICA 181
- 9.6 THE MIDDLE EAST AND AFRICA 185
- 9.6.1 GCC 190
- 9.6.2 NIGERIA 194
- 9.6.3 IRAN 198
- 9.6.4 IRAQ 202
- 9.6.5 EGYPT 206
- 9.6.6 REST OF THE MIDDLE EAST AND AFRICA 210
10 COMPETITIVE LANDSCAPE 214
- 10.1 COMPETITIVE OVERVIEW 214
- 10.2 GLOBAL MARKET STRATEGY ANALYSIS 214
- 10.3 COMPETITIVE BENCHMARKING 215
- 10.4 COMPETITION DASHBOARD 216
11 COMPANY PROFILES 217
- 11.1 SCHLUMBERGER 217
- 11.1.1 COMPANY OVERVIEW 217
- 11.1.2 FINANCIAL OVERVIEW 218
- 11.1.3 PRODUCT OFFERINGS 218
- 11.1.4 KEY DEVELOPMENTS 218
- 11.1.5 SWOT ANALYSIS 219
- 11.1.6 KEY STRATEGIES 219
- 11.2 BAKER HUGHES, A GE COMPANY LLC 220
- 11.2.1 COMPANY OVERVIEW 220
- 11.2.2 FINANCIAL OVERVIEW 221
- 11.2.3 PRODUCT OFFERINGS 221
- 11.2.4 KEY DEVELOPMENTS 222
- 11.2.5 SWOT ANALYSIS 222
- 11.2.6 KEY STRATEGIES 222
- 11.3 BASF SE 223
- 11.3.1 COMPANY OVERVIEW 223
- 11.3.2 FINANCIAL OVERVIEW 224
- 11.3.3 PRODUCT OFFERINGS 224
- 11.3.4 KEY DEVELOPMENTS 225
- 11.3.5 SWOT ANALYSIS 225
- 11.3.6 KEY STRATEGIES 225
- 11.4 HALLIBURTON 226
- 11.4.1 COMPANY OVERVIEW 226
- 11.4.2 FINANCIAL OVERVIEW 226
- 11.4.3 PRODUCT OFFERINGS 227
- 11.4.4 KEY DEVELOPMENTS 227
- 11.4.5 SWOT ANALYSIS 227
- 11.4.6 KEY STRATEGIES 227
12 COMPANY PROFILES 228
- 12.1 HUNTSMAN INTERNATIONAL LLC 228
- 12.1.1 COMPANY OVERVIEW 228
- 12.1.2 FINANCIAL OVERVIEW 229
- 12.1.3 PRODUCT OFFERINGS 229
- 12.1.4 KEY DEVELOPMENTS 230
- 12.1.5 SWOT ANALYSIS 230
- 12.1.6 KEY STRATEGIES 230
- 12.2 ASHLAND 231
- 12.2.1 COMPANY OVERVIEW 231
- 12.2.2 FINANCIAL OVERVIEW 232
- 12.2.3 PRODUCT OFFERINGS 232
- 12.2.4 KEY DEVELOPMENTS 233
- 12.2.5 SWOT ANALYSIS 233
- 12.2.6 KEY STRATEGIES 233
- 12.3 ARKEMA 234
- 12.3.1 COMPANY OVERVIEW 234
- 12.3.2 FINANCIAL OVERVIEW 235
- 12.3.3 PRODUCT OFFERINGS 235
- 12.3.4 KEY DEVELOPMENTS 236
- 12.3.5 SWOT ANALYSIS 236
- 12.3.6 KEY STRATEGIES 236
- 12.4 EVONIK INDUSTRIES AG 237
- 12.4.1 COMPANY OVERVIEW 237
- 12.4.2 FINANCIAL OVERVIEW 238
- 12.4.3 PRODUCT OFFERINGS 238
- 12.4.4 KEY DEVELOPMENTS 239
- 12.4.5 SWOT ANALYSIS 239
- 12.4.6 KEY STRATEGIES 239
- 12.5 HUNTSMAN INTERNATIONAL LLC 240
- 12.5.1 COMPANY OVERVIEW 240
- 12.5.2 FINANCIAL OVERVIEW 241
- 12.5.3 PRODUCT OFFERINGS 241
- 12.5.4 KEY DEVELOPMENTS 242
- 12.5.5 SWOT ANALYSIS 242
- 12.5.6 KEY STRATEGIES 242
- 12.6 ASHLAND 243
- 12.6.1 COMPANY OVERVIEW 243
- 12.6.2 FINANCIAL OVERVIEW 244
- 12.6.3 PRODUCT OFFERINGS 244
- 12.6.4 KEY DEVELOPMENTS 245
- 12.6.5 SWOT ANALYSIS 245
- 12.6.6 KEY STRATEGIES 245
- 12.7 ARKEMA 246
- 12.7.1 COMPANY OVERVIEW 246
- 12.7.2 FINANCIAL OVERVIEW 247
- 12.7.3 PRODUCT OFFERINGS 247
- 12.7.4 KEY DEVELOPMENTS 248
- 12.7.5 SWOT ANALYSIS 248
- 12.7.6 KEY STRATEGIES 248
- 12.8 EVONIK INDUSTRIES AG 249
- 12.8.1 COMPANY OVERVIEW 249
- 12.8.2 FINANCIAL OVERVIEW 250
- 12.8.3 PRODUCT OFFERINGS 250
- 12.8.4 KEY DEVELOPMENTS 251
- 12.8.5 SWOT ANALYSIS 251
- 12.8.6 KEY STRATEGIES 251
- 12.9 ECOLAB 252
- 12.9.1 COMPANY OVERVIEW 252
- 12.9.2 FINANCIAL OVERVIEW 253
- 12.9.3 PRODUCTS OFFERED 253
- 12.9.4 KEY DEVELOPMENTS 254
- 12.9.5 SWOT ANALYSIS 254
- 12.9.6 KEY STRATEGIES 254
- 12.10 FINORIC LLC 255
- 12.10.1 COMPANY OVERVIEW 255
- 12.10.2 FINANCIAL OVERVIEW 255
- 12.10.3 PRODUCTS OFFERED 255
- 12.10.4 KEY DEVELOPMENTS 255
- 12.10.5 SWOT ANALYSIS 256
- 12.10.6 KEY STRATEGIES 256
- 12.11 OMNI INDUSTRIAL SOLUTIONS 257
- 12.11.1 COMPANY OVERVIEW 257
- 12.11.2 FINANCIAL OVERVIEW 257
- 12.11.3 PRODUCTS OFFERED 257
- 12.11.4 KEY DEVELOPMENTS 257
- 12.11.5 SWOT ANALYSIS 258
- 12.11.6 KEY STRATEGIES 258
- 12.12 TETRA TECHNOLOGIES, INC. 259
- 12.12.1 COMPANY OVERVIEW 259
- 12.12.2 FINANCIAL OVERVIEW 260
- 12.12.3 PRODUCTS OFFERED 260
- 12.12.4 KEY DEVELOPMENTS 261
- 12.12.5 SWOT ANALYSIS 261
- 12.12.6 KEY STRATEGIES 261
13 APPENDIX 262
- 13.1 REFERENCES 262
- 13.2 RELATED REPORTS 263