The Oil and Gas Descaler Market is expected to grow at a compound annual growth rate of 3.27% during the forecast period.
Oil and Gas Descalers chemicals are industrial chemicals that are used to remove mineral, scale, and grease buildup from the surface of various industrial equipment. Chemicals like Calcium, magnesium, etc. at times form these depositions on the surface of pumps, valves, pipelines, etc. and if left untreated these depositions start clogging up and can affect the performance of the equipment. These chemical-based cleaners help to maintain the flow of the product thus improving the production levels and enhancing the operating life of oilfield equipment.
One of the significant factors that are expected to fuel this market in the projected period is the growing refineries, petrochemical plants, food & beverage industries, and energy & power industries. Moreover, the rising construction industry is also expected to propel market growth further in the coming years. Apart from the industrial sector, the household sector is also a huge market for these oil and gas descalers that can drive its market further in the coming years.
These chemicals can be highly toxic and also release pungent fumes that can prove corrosive at times. The safety, related to these chemicals can therefore restrain the market growth of the oil & gas descaler market.
With the rise in industrialization, the demand for oil and gas descalers has increased over the years. These chemical-based cleaners are used in oil and gas applications ranging from refineries to food and beverage industries, petrochemical plants, construction sector. All these industries involve the similar issue of the formation of scales on pumps, boilers, valves, lifts, pipelines, and other industrial equipment due to high contact with oil and related products. Over time these scales impact the fluid flow rates which therefore hampers the performance of the equipment and can lead to negative impacts on the overall production done by the industry.
These issues have raised the demand for oil and gas descalers and with the projected rise in industrialization, the growing investment in food & beverage industries, rising construction sector, and the coming up of more refineries and petrochemical plants, the market for oil and gas descalers stands at an opportunistic platform.
Another significant factor that can contribute to the growth of this market is the rising household application of oil and gas descalers. The descalers like citric acid are widely used in households for kitchen cleaning and floor cleaning. Besides that, they are also used for removing excess grout, hard water scales on tiles, and getting rid of corrosion and light rust. Moreover, these are also used for descaling toilets, and due to the multitude of applications of this product in the household sector, its market can experience some positive impact in the coming years.
Oil & Gas Descaler chemicals are highly toxic. They can pose some severe side effects that can restrict the demand for these chemicals and hence restrain the market growth in the projected period. These products also release pungent fumes that make them extremely difficult to work with at times. Besides that, they are highly exposed to chemical reactions as well which can serve as a huge hurdle for the growth of the market. For instance, in 2021, a case was reported in Bristol where a man accidentally mixed bleach and descaler to clean the dishwasher. This produced a chemical reaction between the two products and the man sustained some severe chemical injuries after inhaling the chlorine gas released from the chemical reaction.
Therefore, the toxicity issue related to these chemicals can severely hamper the growth of the market. Besides that, this major restraint can also pave a way for certain bio-based products that contain fewer chemicals thus eliminating the risk of any major side effects.
The outburst of the covid pandemic around the globe severely hampered the oil and gas descaler market growth. The shutting down of industries due to lockdown and curfew led to reduced demand for these chemicals due to which the market suffered some serious downfall during the pandemic.
|Growth Rate||CAGR of 3.27% from 2019 to 2026|
|Forecast Unit (Value)||USD Billion|
|Segments covered||Type, Form, And Geography|
|Regions covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies covered||NuGenTec, Schlumberger, Wilhelmsen, Apex Engineering Products Corp., Chemtex Speciality Limited|
|Customization scope||Free report customization with purchase|
Frequently Asked Questions (FAQs)
Q1. What are the growth prospects for the oil and gas descaler market?
A1. The global oil and gas descaler market is expected to grow at a CAGR of 3.27% during the forecast period.
Q2. Who are the major players in the oil and gas descaler market?
A2. Prominent key market players in the oil and gas descaler market include NuGenTec, Schlumberger, Wilhelmsen, Apex Engineering Products Corp., and Chemtex Speciality Limited.
Q3. How is the global oil and gas descaler market segmented?
A3. The oil and gas descaler market has been segmented by type, form, and geography.
Q4. What factors are anticipated to drive the oil and gas descaler market growth?
A4. One of the significant factors that are expected to fuel the oil and gas descaler market is the growing refineries, petrochemical plants, food & beverage industries, and energy & power industries.
Q5. What is the base year considered in the oil and gas descaler market report?
A5. 2019 has been taken as the base year in the oil and gas descaler market.
1.1. Market Definition
1.2. Market Segmentation
2. RESEARCH METHODOLOGY
2.1. Research Data
3. EXECUTIVE SUMMARY
3.1. Research Highlights
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. The Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. OIL AND GAS DESCALER MARKET ANALYSIS, BY TYPE
5.2. Hydrochloric Acid
5.3. Acetic Acid
5.4. Citric Acid
5.5. Barium Sulfate
5.6. Calcium Sulfate
5.7. Magnesium Sulfate
5.8. Strontium Sulfate
6. OIL AND GAS DESCALER MARKET ANALYSIS, BY FORM
7. OIL AND GAS DESCALER MARKET ANALYSIS, BY GEOGRAPHY
7.2. North America
7.3. South America
7.5. Middle East and Africa
7.5.1. Saudi Arabia
7.5.3. South Africa
7.6. Asia Pacific
7.6.4. South Korea
8. COMPETITIVE ENVIRONMENT AND ANALYSIS
8.1. Major Players and Strategy Analysis
8.2. Emerging Players and Market Lucrativeness
8.3. Mergers, Acquisitions, Agreements, and Collaborations
8.4. Vendor Competitiveness Matrix
9. COMPANY PROFILES
9.4. Apex Engineering Products Corp.
9.5. Chemtex Speciality Limited
Apex Engineering Products Corp.
Chemtex Speciality Limited
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