Chemicals

The Global Hydrate Inhibitors Market Growth Accelerated By Rising Oil And Gas Exploration Activities

Dhanesha Patil

The Global Hydrate Inhibitors Market Growth Accelerated By Rising Oil And Gas Exploration Activities

Hydrate inhibitors are chemical thermodynamic or kinetic inhibitors added to crude oil systems to prevent the formation of gas hydrates or to dissolve existing gas hydrates during production or transportation of oil and gas. Hydrate inhibitors play a vital role in oil and gas production from offshore and deep-water reserves by allowing continuous flow assurance.

The global Hydrate Inhibitors Market is estimated to be valued at US$ 275.34 Mn in 2023 and is expected to exhibit a CAGR of 5.5% over the forecast period 2023 to 2031, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

The demand for hydrate inhibitors is primarily driven by increasing oil and gas exploration and production activities globally. Rapid industrialization and growing population have increased the energy demand worldwide, boosting investments in offshore deep-water and Arctic oil and gas exploration. Additionally, advancement in unconventional hydrocarbon production technologies such as tight oil, heavy oil, and shale gas extraction have augmented global crude oil production. Hydrate inhibitors play a vital role in transportation of produced oil and gas through subsea pipelines from offshore reserves and ensuring continuous production by preventing blockage due to gas hydrate formation. Thus, rising offshore and unconventional oil and gas production is expected to propel the growth of the global hydrate inhibitors market during the forecast period.

Segment Analysis

The Global Hydrate Inhibitors Market Demand is dominated by the thermodynamic hydrate inhibitors sub-segment, which accounted for around 60% share of the overall market in 2023. Thermodynamic hydrate inhibitors are preferred over kinetic hydrate inhibitors due to their lower costs and ease of availability. They inhibit hydrate formation by lowering the freezing point of water and getting preferentially absorbed at the interface of water and gas molecules, thus preventing hydrogen bonding between water-gas molecules which causes hydrate formation.

Key Takeaways

The global hydrate inhibitors market is expected to witness high growth over the forecast period of 2023-2031. The growing offshore and onshore oil & gas production activities around the world are expected to drive the demand for hydrate inhibitors which prevents blockage in pipelines by hydrates. The global Hydrate Inhibitors Market is estimated to be valued at US$ 275.34 Mn in 2023 and is expected to exhibit a CAGR of 5.5% over the forecast period 2023 to 2031.

Regional analysis

The Asia Pacific region dominated the global hydrate inhibitors market in 2023 and is expected to witness the highest growth over the forecast period. This can be attributed to the presence of major oil & gas producers such as India and China in the region. With the increasing offshore and deepwater oil & gas exploration activities in the region, the demand for hydrate inhibitors is projected to rise substantially.

Key players

Key players operating in the hydrate inhibitors market are BP Plc, Chevron Corporation, Essar Oil Ltd., ExxonMobil Corporation, HPCL - Mittal Energy Limited, Indian Oil Corporation Limited, Reliance Industries Limited, Royal Dutch Shell Plc, Saudi Arabian Oil Co., and Valero Energy Corporation. Royal Dutch Shell Plc held the largest market share in 2023 owing to its strong production and exploration portfolio across major oil & gas assets globally.

Get more insights on this topic: https://www.trendingwebwire.com/hydrate-inhibitors-market-size-and-share-analysis-growth-trends-and-forecasts/

Dhanesha Patil

Kinetic Hydrate Inhibitors Is Fastest Growing Segment Fueling The Growth Of Hydrate Inhibitors Market

Pooja Khodke 2023-12-08

The global Hydrate Inhibitors Market is estimated to be valued at US$ 239. Glycol based inhibitors are most commonly used hydrate inhibitors as they are highly soluble in water and effective at low concentrations. They prevent gas hydrates formation by interfering with the crystallization process of gas hydrates on the molecular level. Segment AnalysisThe global hydrate inhibitors market is segmented based on product type into anti-agglomeration inhibitors, kinetic hydrate inhibitors (KHI), and thermodynamic hydrate inhibitors (THI). The global hydrate inhibitors market is moderately fragmented with the presence of several international players competing for market shares.

The Hydrate Inhibitors Market To Grow At Highest Pace Owing To Growing Demand From Oil And Gas Industry

Leena Shedmake 2024-02-13

The hydrate inhibitors market involves the sale of hydrate inhibitors, which are chemicals used to prevent gas hydrates from blocking pipelines and forming during oil and gas production and transportation. Some common types of hydrate inhibitors used are thermodynamic inhibitors, such as methanol and monoethylene glycol (MEG), and low dosage hydrate inhibitors. Players are focusing on enhancing the efficiency of low dosage hydrate inhibitors and developing bio-based and non-toxic inhibitors to replace traditional thermodynamic inhibitors. Replacement of thermodynamic inhibitors - Stringent regulations regarding the usage of methanol-based thermodynamic inhibitors is prompting players to invest in improved low dosage inhibitors and bio-based alternatives to replace traditional inhibitors. Impact of COVID-19 on Hydrate Inhibitors MarketThe COVID-19 pandemic has considerably impacted the growth of the hydrate inhibitors market.

Low Dosage Hydrate Inhibitors Market Size, Share, Regional Overview and Global Forecast to 2028

Betty Johns 2022-04-30

COVID-19 Impact Analysis on Low Dosage Hydrate Inhibitors Market report published by Value Market Research provides a detailed market analysis comprising market size, share, value, growth and trends for the period 2022-2028. Get more information on "Global Low Dosage Hydrate Inhibitors Market Research Report" by requesting FREE Sample Copy at https://www. Browse Global Low Dosage Hydrate Inhibitors Market Research Report with detailed TOC at https://www. By Type· Anti-Agglomerate (Aa) Inhibitors· Kinetic Hydrate Inhibitors (Khi)By Application· Onshore· OffshoreRegional AnalysisThis section covers the regional outlook, which accentuates current and future demand for the Low dosage Hydrate Inhibitors market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Purchase Complete Global Low Dosage Hydrate Inhibitors Market Research Report at https://www.

Hydrate Inhibitors Market Is Estimated To Witness High Growth Owing To Increasing Exploration and Production Activities in Oil and Gas Industry

Pooja salve 2023-09-14

The global Hydrate Inhibitors Market is estimated to be valued at US$ 211. The use of hydrate inhibitors is crucial in offshore and subsea operations, where the risk of hydrate formation is high. Economic: The economic factors affecting the hydrate inhibitors market include oil prices, economic growth, and investment in oil and gas exploration and production. Key Takeaways:The Global Hydrate Inhibitors Market Demand is expected to witness high growth, exhibiting a CAGR of 6. In terms of regional analysis, North America is expected to be the fastest-growing and dominating region in the hydrate inhibitors market.

Low Dosage Hydrate Inhibitors Market Share, Size and Industry Forecast Report

Manya Gauutam 2023-05-31

COVID-19 Impact Analysis on Low Dosage Hydrate Inhibitors Market report provides a detailed analysis of the industry by market size in terms of revenue, market share and growth opportunities. Get more information on "Global Low Dosage Hydrate Inhibitors Market Research Report" by requesting FREE Sample Copy at https://www. Browse Global Low Dosage Hydrate Inhibitors Market Research Report with detailed TOC at https://www. By Type· Anti-Agglomerate (Aa) Inhibitors· Kinetic Hydrate Inhibitors (Khi)By Application· Onshore· OffshoreRegional AnalysisThis section covers the regional outlook, which accentuates current and future demand for the Low dosage Hydrate Inhibitors market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Purchase Complete Global Low Dosage Hydrate Inhibitors Market Research Report at https://www.

Hydrate Inhibitors Market: Growing Demand for Hydrate Control in Oil and Gas Operations

Sneha 2023-10-13

The global Hydrate Inhibitors Market is estimated to be valued at US$ 211. With the increasing focus on environmental sustainability, companies are developing hydrate inhibitors that have minimal impact on the environment while effectively inhibiting hydrate formation. Porter’s Analysis· Threat of new entrants: The threat of new entrants in the hydrate inhibitors market is relatively low. Suppliers of raw materials and chemicals used in the production of hydrate inhibitors have moderate control over prices and supply. In terms of regional analysis, North America is the fastest-growing and dominating region in the hydrate inhibitors market.

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