Hydrate Inhibitors Market By Product Type (Thermodynamic Inhibitors (Methanol, Ethylene Glycol, & Monoethylene Glycol), Low-Dosage Inhibitor (Anti-Agglomerate Inhibitors, & Kinetic Hydrate Inhibitors)), By Raw Material (Alcohol, Glycol, Ionic Salt, & Others), By Operations (Onshore, & Offshore), By Application (Gas Gathering System, Pipeline System, Corrosion Protector, & Others) - Global Opportunity Analysis & Industry Forecast, 2022-2027

Report Code: CMR 15263 Report Format: PDF + Excel

Hydrate Inhibitors Market Overview

Hydrate Inhibitors Market size is estimated to reach US$320.9 million by 2027, after growing at a CAGR of 6.5% from 2022-2027. Hydrate inhibitors are chemical substances which are used to control hydrate formation during natural gas production process at oil & gas refineries. The hydrate inhibitors consist of two main types namely thermodynamics inhibitors which includes methanol, ethylene glycol and monoethylene glycol, while other is low dosage inhibitors. Hence, hydrate inhibitors are considered for application like gas gathering system and pipeline system. Factors like, increase in global trade of liquified natural gas, high demand of natural gas in power sector, and increase in steel production output and high consumption of liquified petroleum gas in households are driving the growth of hydrate inhibitors market. However, certain hydrate inhibitors like methanol are hazardous in nature and can cause problems to blurred vision, neurological damage and permanent motor dysfunction in humans. Hence, such negative impact of methanol can restrict its usage as hydrate inhibitors, which can hamper the growth of hydrate inhibitors industry.

COVID-19 Impact

The necessary measures such as lockdown implemented by the countries across the world, negatively impacted the productivity of oil & gas refineries. The lack of availability of labors led to decrease in the production output of natural gas, while the demand for natural gas in commercial and industrial sectors also declined. For instance, as per, US Energy Information Administration, in 2020, natural gas consumption decreased by 11% in commercial sectors of US, while industrial sector demand decreased by 3% amid a weakening economy in 2020. The industrial and commercial sectors consumed less natural gas largely because of COVID-19 related closures and reduced usage of facilities. Moreover, according to Eurostat, in 2020, gross inland consumption of natural gas in the Europe decreased by 2.7 % compared with 2019, while natural gas production decreased by 22.1%. Hydrate inhibitors such as methanol & ethylene glycol are mainly used during natural gas production to avoid hydrate formation. Hence, such decrease in consumption and production of natural gas negatively impacted the usage of hydrate inhibitors in oil & gas refineries. This declined the growth of hydrate inhibitors industry.

Report Coverage

The report: “Hydrate Inhibitors Market Report – Forecast (2022 – 2027)”, by IndustryARC, covers an in-depth analysis of the following segments of the Hydrate Inhibitors Industry.

By Product TypeThermodynamic Inhibitors (Methanol, Ethylene Glycol, and Monoethylene Glycol), Low-Dosage Inhibitor (Anti-Agglomerate Inhibitors, and Kinetic Hydrate Inhibitors)
By Raw Material Alcohol, Glycol, Ionic Salt, and Others.
By Operations – Onshore, and Offshore.
By Application – Gas Gathering System, Pipeline System, Corrosion Protector, and Others.
By Geography - North America (USA, Canada, Mexico), Europe (UK, Germany, France, Italy, Netherland, Spain, Russia, Belgium, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Australia, and New Zealand, Indonesia, Taiwan, Malaysia, Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, Rest of South America), Rest of the World (Middle East, Africa)

Key Takeaways

  • North America dominates the hydrate inhibitors industry as the region consists of major economies like US and Canada which are one of the largest producers of natural gas.
  • Low dose hydrate inhibitor, substantially reduce chemical consumption, are environmentally friendly and they are suitable for challenging production conditions such as deep-water pipelines and subsea tie backs.
  • Growing demand of natural gas for applications like to heat buildings, to operate refrigeration & cooling equipment, to cook and to provide outdoor lighting, will increase production output of natural gas, resulting in more usage of hydrate inhibitors.

Figure: North America Hydrate Inhibitors Market Revenue, 2021-2027 (US$ Million)

Hydrate Inhibitors Market

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Hydrate Inhibitors Market Segment Analysis – By Product Type

Thermodynamics inhibitors held a significant share hydrate inhibitors market in 2021, with a share of over 36.5%. Thermodynamic inhibitors like methanol and ethylene glycol are commonly used hydrate inhibitors as they are non-corrosive, non-reactive with any constituent of gas and can lower the freezing point of water-based liquid and increase its boiling point. The increase in production output of natural gas on account of economy development and growing demand from end users, has positively impacted the usage of hydrate inhibitors. For instance, according to US Energy Information Administration, in December 2021, dry natural gas production was 3,012 billion cubic feet or 97.2 billion cubic feet per day, which was 5.4% higher than December 2020. Also, according to World Energy & Climate Statistics, in 2020, gas production increased in the Middle East by 1.2%, in Australia by 7.9% and China by 9.8%. Such increase in the production level of natural gas will lead to more usage of thermodynamic inhibitors like methanol and ethylene glycol to control hydration during production process. This will positively impact the growth of hydrate inhibitors industry.

Hydrate Inhibitors Market Segment Analysis – By Raw Material Type

Glycol held a significant share in hydrate inhibitors market in 2021, with a share of over 27%. The glycol present in the gas stream prevents hydrate forming conditions by absorbing the free water in the system. Hence, glycols like ethylene glycol are most commonly used hydrate inhibitors due to their rich chemical properties. The growing consumption of natural gas has led to increase in its production output. For instance, according to International Energy Administration, in 2021, gas consumption in Europe increased by 5.5%, where gas demand in South America increased by 7.5%. Such increase, in consumption and demand of natural gas will increase its production level, resulting in more usage of glycols inhibitors during natural gas processing. This will boost the growth of hydrate inhibitors industry.

Hydrate Inhibitors Market Segment Analysis – By Geography

North America held the largest share in hydrate inhibitors market in 2021, with a share of approximately 45%. The region has major economies like United States and Canada which are one of the major producers of natural gases like methane which is considered as important source of energy in these countries. The increasing in demand for clean source of fuel has led to increase in production consumption of natural gas. For instance, according to US Energy Information Administration, in October 2021, the dry natural gas production increased by 2%. Also, according to International Energy Agency, in first eight months of 2021, industrial gas consumption in US increased by 1.8% whereas other sectors like gas network & energy sector showed increase of 1.4%. Further, natural gas consumption in Canada increased by 4% in first ten months of 2021, and pipeline exports to the US increased by an estimated 17%. Natural gas is used as a clean energy source for multiple domestic and industrial purposes. The increase in production and consumption of natural gas will lead to more usage of hydrate inhibitors like methanol and ethylene glycol during natural gas production process. This will positively impact the growth of hydrate inhibitors industry.

Hydrate Inhibitors Market Driver

Increase in trade of Liquified Natural Gas

Liquid natural gas(LNG) is a natural gas in liquid form which is made by purifying natural gas and super-cooling it to -260°F. Such gas is used in variety of ways like its residential uses include cooking, heating homes, while commercial uses include generating electricity, fueling commercial vehicle and manufacturing products like fertilizers, paints. LNG on account of being cheaper and clean fuel source has led to increase it demand globally, which has led to increase in its global trade. For instance, according to International Energy agency, global LNG trade expanded by 6% in 2021, a sharp acceleration from the 2020, with Asia Pacific region registering an 8% y-o-y increase. Moreover, LNG imports into Central and South America soared by 69%, supported by Brazil’s severe drought curtailing hydropower generation. The increase in global trade of LNG will increase demand of natural gas for its production, thereby having a positive impact on the usage of hydrate inhibitors like methanol, monoethylene glycol, and ethylene glycol in natural gas processing. This will boost growth of hydrate inhibitors industry.

Increase in Steel Production Output

Natural gas has a major use in steel making process as it is used in furnace to produce heat for melting pig iron into steel. Hence, various processes like ore processing, sinter & blast furnace processes and roll steel production cannot be performed without natural gas. The increase in production output of steel on account of high demand from end user industries like construction and automotive has positively impacted the demand for natural gas in metallurgy sector. For instance, according to National Bureau of Statistics, China’s steel output increased by 5.2% to a record 1.053 billion tons on account of high demand from the construction and manufacturing sectors. Also, as per the data of the government of India, crude steel production stood at 77.74 million tons for January-August 2021, showing a 25.6% increase for the same period in 2020. Such increase in production output of steel will increase demand of naturel gas for fuel, resulting an increase in natural gas production output to meet metallurgy demand. This will positively impact the usage of hydrate inhibitors like methanol & monoethylene glycol during natural gas processing, which will boost the growth of hydrate inhibitor industry.

Hydrate Inhibitors Market Challenges

Negative impact of Inhibitors

Exposure to certain hydrate inhibitors like methanol can result in blurred vision, headache, dizziness, and nausea. Moreover, methanol may affect animals, birds and fish, leading to their death and its Exposure can also cause low growth rate in plants. Hence, such negative impact of environment and human health can restrict the usage of such hydrate inhibitors in oil & gas refineries for natural gas production. This can have negative impact on the growth of hydrate inhibitors industry.

Hydrate Inhibitors Industry Outlook

The companies to develop a strong regional presence and strengthen their market position, continuously engage in mergers and acquisitions. In the hydrate inhibitors market industry, the hydrate inhibitors top 10 companies are:

  1. Ecolab Inc.
  2. Evonik Industries AG
  3. Baker Hughes
  4. Huntsman International LLC
  5. Finoric LLC
  6. Ashland Global Specialty Chemicals Inc.
  7. Clariant AG
  8. Schlumberger Limited
  9. Gazprom Neftekhim Salavat
  10. Innospec Inc.

Recent Developments

  • In 2022, WBI Energy Inc. inaugurated North Bakken pipeline expansion project that has capacity to transport 250 million cubic feet of natural gas per day from Bakken production area in North Dakota, with the potential to be increased up to 625 million cubic feet per day.
  • In 2021, Kinder Morgan Inc. acquired Kinetrex Energy for US$310 million. The acquisition includes two small-scale, domestic LNG production and fueling facilities, a 50% interest in a landfill-based renewable natural gas (RNG) facility in Indiana.
  • In 2020, Chevron acquired Nobel Energy an independent oil & natural gas production company which has large natural gas business built in Eastern Mediterranean, and such acquisition will increase Chevron natural gas production capacity.

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1. Hydrate Inhibitors Market- Market Overview
    1.1 Definitions and Scope
2. Hydrate Inhibitors Market - Executive Summary
    2.1 Key Trends by Product Type
    2.2 Key Trends by Raw Material Type
    2.3 Key Trends by Operations
    2.4 Key Trend by Application
    2.5 Key Trends by Geography
3. Hydrate Inhibitors Market – Comparative analysis
    3.1 Market Share Analysis- Major Companies
    3.2 Product Benchmarking- Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis- Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. Hydrate Inhibitors Market - Startup companies Scenario Premium Premium 
    4.1 Major startup company analysis:
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product portfolio
        4.1.4 Venture Capital and Funding Scenario
5. Hydrate Inhibitors Market – Industry Market Entry Scenario Premium Premium 
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis – Major companies
6. Hydrate Inhibitors Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Buyers
        6.3.3 Threat of New Entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of Substitutes
7. Hydrate Inhibitors Market – Strategic Analysis
    7.1 Value/Supply Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product/Market Life Cycle
    7.4 Distributor Analysis – Major Companies
8. Hydrate Inhibitors Market – By Product Type (Market Size - US$ Million/Billion)
    8.1 Thermodynamic Inhibitors
        8.1.1 Methanol
        8.1.2 Ethylene Glycol
        8.1.3 Monoethylene Glycol
    8.2 Low-Dosage Inhibitors
        8.2.1 Anti-Agglomerate Inhibitors
        8.2.2 Kinetic Hydrate Inhibitors
    8.3 Others
9. Hydrate Inhibitors Market – By Raw Material Type (Market Size - US$ Million/Billion)
    9.1 Alcohol
    9.2 Glycol
    9.3 Ionic Salt
    9.4 Others
10. Hydrate Inhibitors Market – By Operations (Market Size – US$ Million/ Billion)
    10.1 Onshore
    10.2 Offshore
11. Hydrate Inhibitors Market – By Application (Market Size -$Million/Billion)
    11.1 Gas Gathering System
    11.2 Pipeline System
    11.3 Corrosion Protector
    11.4 Others
12. Hydrate Inhibitors Market - By Geography (Market Size - US$ Million/Billion)
    12.1 North America
        12.1.1 USA
        12.1.2 Canada
        12.1.3 Mexico
    12.2 Europe
        12.2.1 UK
        12.2.2 Germany
        12.2.3 France
        12.2.4 Italy
        12.2.5 Netherlands
        12.2.6 Spain
        12.2.7 Russia
        12.2.8 Belgium
        12.2.9 Rest of Europe
    12.3 Asia-Pacific
        12.3.1 China
        12.3.2 Japan
        12.3.3 India
        12.3.4 South Korea
        12.3.5 Australia and New Zeeland
        12.3.6 Indonesia
        12.3.7 Taiwan
        12.3.8 Malaysia
        12.3.9 Rest of APAC
    12.4 South America
        12.4.1 Brazil
        12.4.2 Argentina
        12.4.3 Colombia
        12.4.4 Chile
        12.4.5 Rest of South America
    12.5 Rest of the World
        12.5.1 Middle East
            12.5.1.1 Saudi Arabia
            12.5.1.2 UAE
            12.5.1.3 Israel
            12.5.1.4 Rest of the Middle East
        12.5.2 Africa
            12.5.2.1 South Africa
            12.5.2.2 Nigeria
            12.5.2.3 Rest of Africa
13. Hydrate Inhibitors Market – Entropy
    13.1 New Product Launches
    13.2 M&As, Collaborations, JVs and Partnerships
14. Hydrate Inhibitors Market – Industry/Competition Segment Analysis Premium 
    14.1 Company Benchmarking Matrix – Major Companies
    14.2 Market Share at Global Level - Major companies
    14.3 Market Share by Key Region - Major companies
    14.4 Market Share by Key Country - Major companies
    14.5 Market Share by Key Application - Major companies
    14.6 Market Share by Key Product Type/Product category - Major companies
15. Hydrate Inhibitors Market – Key Company List by Country Premium Premium 
16. Hydrate Inhibitors Market Company Analysis - Business Overview, Product Portfolio, Financials, and Developments
    16.1 Company 1
    16.2 Company 2
    16.3 Company 3
    16.4 Company 4
    16.5 Company 5
    16.6 Company 6
    16.7 Company 7
    16.8 Company 8
    16.9 Company 9
    16.10 Company 10 and more
"*Financials would be provided on a best effort basis for private companies"
LIST OF TABLES

1.Global Key Manufacturers Market 2019-2024 ($M)
1.1 Halliburton Market 2019-2024 ($M) - Global Industry Research
1.2 Baker Hughes Market 2019-2024 ($M) - Global Industry Research
1.3 Nalco Champion Market 2019-2024 ($M) - Global Industry Research
1.4 BASF SE Market 2019-2024 ($M) - Global Industry Research
1.5 Schlumberger Market 2019-2024 ($M) - Global Industry Research
1.6 Clariant Market 2019-2024 ($M) - Global Industry Research
1.7 Dorf Ketal Market 2019-2024 ($M) - Global Industry Research
1.8 Lubrizol Market 2019-2024 ($M) - Global Industry Research
1.9 Infineum Market 2019-2024 ($M) - Global Industry Research
2.Global Key Manufacturers Market 2019-2024 (Volume/Units)
2.1 Halliburton Market 2019-2024 (Volume/Units) - Global Industry Research
2.2 Baker Hughes Market 2019-2024 (Volume/Units) - Global Industry Research
2.3 Nalco Champion Market 2019-2024 (Volume/Units) - Global Industry Research
2.4 BASF SE Market 2019-2024 (Volume/Units) - Global Industry Research
2.5 Schlumberger Market 2019-2024 (Volume/Units) - Global Industry Research
2.6 Clariant Market 2019-2024 (Volume/Units) - Global Industry Research
2.7 Dorf Ketal Market 2019-2024 (Volume/Units) - Global Industry Research
2.8 Lubrizol Market 2019-2024 (Volume/Units) - Global Industry Research
2.9 Infineum Market 2019-2024 (Volume/Units) - Global Industry Research
3.North America Key Manufacturers Market 2019-2024 ($M)
3.1 Halliburton Market 2019-2024 ($M) - Regional Industry Research
3.2 Baker Hughes Market 2019-2024 ($M) - Regional Industry Research
3.3 Nalco Champion Market 2019-2024 ($M) - Regional Industry Research
3.4 BASF SE Market 2019-2024 ($M) - Regional Industry Research
3.5 Schlumberger Market 2019-2024 ($M) - Regional Industry Research
3.6 Clariant Market 2019-2024 ($M) - Regional Industry Research
3.7 Dorf Ketal Market 2019-2024 ($M) - Regional Industry Research
3.8 Lubrizol Market 2019-2024 ($M) - Regional Industry Research
3.9 Infineum Market 2019-2024 ($M) - Regional Industry Research
4.South America Key Manufacturers Market 2019-2024 ($M)
4.1 Halliburton Market 2019-2024 ($M) - Regional Industry Research
4.2 Baker Hughes Market 2019-2024 ($M) - Regional Industry Research
4.3 Nalco Champion Market 2019-2024 ($M) - Regional Industry Research
4.4 BASF SE Market 2019-2024 ($M) - Regional Industry Research
4.5 Schlumberger Market 2019-2024 ($M) - Regional Industry Research
4.6 Clariant Market 2019-2024 ($M) - Regional Industry Research
4.7 Dorf Ketal Market 2019-2024 ($M) - Regional Industry Research
4.8 Lubrizol Market 2019-2024 ($M) - Regional Industry Research
4.9 Infineum Market 2019-2024 ($M) - Regional Industry Research
5.Europe Key Manufacturers Market 2019-2024 ($M)
5.1 Halliburton Market 2019-2024 ($M) - Regional Industry Research
5.2 Baker Hughes Market 2019-2024 ($M) - Regional Industry Research
5.3 Nalco Champion Market 2019-2024 ($M) - Regional Industry Research
5.4 BASF SE Market 2019-2024 ($M) - Regional Industry Research
5.5 Schlumberger Market 2019-2024 ($M) - Regional Industry Research
5.6 Clariant Market 2019-2024 ($M) - Regional Industry Research
5.7 Dorf Ketal Market 2019-2024 ($M) - Regional Industry Research
5.8 Lubrizol Market 2019-2024 ($M) - Regional Industry Research
5.9 Infineum Market 2019-2024 ($M) - Regional Industry Research
6.APAC Key Manufacturers Market 2019-2024 ($M)
6.1 Halliburton Market 2019-2024 ($M) - Regional Industry Research
6.2 Baker Hughes Market 2019-2024 ($M) - Regional Industry Research
6.3 Nalco Champion Market 2019-2024 ($M) - Regional Industry Research
6.4 BASF SE Market 2019-2024 ($M) - Regional Industry Research
6.5 Schlumberger Market 2019-2024 ($M) - Regional Industry Research
6.6 Clariant Market 2019-2024 ($M) - Regional Industry Research
6.7 Dorf Ketal Market 2019-2024 ($M) - Regional Industry Research
6.8 Lubrizol Market 2019-2024 ($M) - Regional Industry Research
6.9 Infineum Market 2019-2024 ($M) - Regional Industry Research
7.MENA Key Manufacturers Market 2019-2024 ($M)
7.1 Halliburton Market 2019-2024 ($M) - Regional Industry Research
7.2 Baker Hughes Market 2019-2024 ($M) - Regional Industry Research
7.3 Nalco Champion Market 2019-2024 ($M) - Regional Industry Research
7.4 BASF SE Market 2019-2024 ($M) - Regional Industry Research
7.5 Schlumberger Market 2019-2024 ($M) - Regional Industry Research
7.6 Clariant Market 2019-2024 ($M) - Regional Industry Research
7.7 Dorf Ketal Market 2019-2024 ($M) - Regional Industry Research
7.8 Lubrizol Market 2019-2024 ($M) - Regional Industry Research
7.9 Infineum Market 2019-2024 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Hydrate Inhibitors Market Revenue, 2019-2024 ($M)
2.Canada Hydrate Inhibitors Market Revenue, 2019-2024 ($M)
3.Mexico Hydrate Inhibitors Market Revenue, 2019-2024 ($M)
4.Brazil Hydrate Inhibitors Market Revenue, 2019-2024 ($M)
5.Argentina Hydrate Inhibitors Market Revenue, 2019-2024 ($M)
6.Peru Hydrate Inhibitors Market Revenue, 2019-2024 ($M)
7.Colombia Hydrate Inhibitors Market Revenue, 2019-2024 ($M)
8.Chile Hydrate Inhibitors Market Revenue, 2019-2024 ($M)
9.Rest of South America Hydrate Inhibitors Market Revenue, 2019-2024 ($M)
10.UK Hydrate Inhibitors Market Revenue, 2019-2024 ($M)
11.Germany Hydrate Inhibitors Market Revenue, 2019-2024 ($M)
12.France Hydrate Inhibitors Market Revenue, 2019-2024 ($M)
13.Italy Hydrate Inhibitors Market Revenue, 2019-2024 ($M)
14.Spain Hydrate Inhibitors Market Revenue, 2019-2024 ($M)
15.Rest of Europe Hydrate Inhibitors Market Revenue, 2019-2024 ($M)
16.China Hydrate Inhibitors Market Revenue, 2019-2024 ($M)
17.India Hydrate Inhibitors Market Revenue, 2019-2024 ($M)
18.Japan Hydrate Inhibitors Market Revenue, 2019-2024 ($M)
19.South Korea Hydrate Inhibitors Market Revenue, 2019-2024 ($M)
20.South Africa Hydrate Inhibitors Market Revenue, 2019-2024 ($M)
21.North America Hydrate Inhibitors By Application
22.South America Hydrate Inhibitors By Application
23.Europe Hydrate Inhibitors By Application
24.APAC Hydrate Inhibitors By Application
25.MENA Hydrate Inhibitors By Application