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Wax Inhibitor-Global Market Insights and Sales Trends 2024
Synopsis
Wax Inhibitors prevent wax deposition on cold surfaces such as pipeline walls, lower fluid viscosity, and offer better pumpability. Wax is a naturally occurring substance in crude oil, which causes flow challenges in the pipeline during production, storage, and transportation of oil & gas. With increasing crude oil production and rapidly rising industrial production, the use of Wax inhibitors is expected to grow at a considerable pace.
The global Wax Inhibitor market size is expected to reach US$ 1003.2 million by 2029, growing at a CAGR of 6.8% from 2023 to 2029. The market is mainly driven by the significant applications of Wax Inhibitor in various end use industries. The expanding demands from the Crude Oil Transportation, Crude Oil Processing and Others,, are propelling Wax Inhibitor market. Polymer Type, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Surfactant Type segment is estimated at % CAGR for the next seven-year period.
The petrochemical industry, or petrochemicals for short, generally refers to the chemical industry that uses oil and natural gas as its raw materials.The sudden global outbreak of New Crown Pneumonia in the early 2020's delivered a huge blow to the petrochemical industry, with the International Energy Agency predicting at the beginning of the 2020's that global demand for oil in 2020 would fall by 8.1 million barrels per day (bpd). This is the first annual decline in global oil consumption since 2009 and the financial crisis. global refined oil product consumption fell by nearly 30% in the first quarter of 2020, and global oil supply in the second quarter showed the largest single-quarter supply surplus ever. As a result, the market size of petrochemicals in 2020 declined to a certain extent, with the global petrochemicals market size of $422 billion in 2020, a year-on-year decline of 4.3%.2022 In the second half of the year, due to the fall in crude oil prices and shrinking downstream demand, the overall profit of the petrochemicals industry has been significantly narrowed, and a number of enterprises have also incurred losses. The stability of the global trade supply chain has been tested to a certain extent after the New Crown Pneumonia epidemic, and many countries have begun to shift important resources, such as petrochemicals, to local areas after realizing the weak ability of the globalized trade supply chain to resist huge risks.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Wax Inhibitor, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Wax Inhibitor market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Wax Inhibitor market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Wax Inhibitor sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Wax Inhibitor covered in this report include BASF, The Dow Chemical Company, Chemiphase International, SI Group, Croda International, Evonik Industries, Champion X, Baker Hughes Company and Clariant, etc.
The global Wax Inhibitor market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
BASF
The Dow Chemical Company
Chemiphase International
SI Group
Croda International
Evonik Industries
Champion X
Baker Hughes Company
Clariant
Global Wax Inhibitor market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Wax Inhibitor market, Segment by Type:
Polymer Type
Surfactant Type
Compound Type
Global Wax Inhibitor market, by Application
Crude Oil Transportation
Crude Oil Processing
Others
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Wax Inhibitor manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Wax Inhibitor in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Wax Inhibitors prevent wax deposition on cold surfaces such as pipeline walls, lower fluid viscosity, and offer better pumpability. Wax is a naturally occurring substance in crude oil, which causes flow challenges in the pipeline during production, storage, and transportation of oil & gas. With increasing crude oil production and rapidly rising industrial production, the use of Wax inhibitors is expected to grow at a considerable pace.
The global Wax Inhibitor market size is expected to reach US$ 1003.2 million by 2029, growing at a CAGR of 6.8% from 2023 to 2029. The market is mainly driven by the significant applications of Wax Inhibitor in various end use industries. The expanding demands from the Crude Oil Transportation, Crude Oil Processing and Others,, are propelling Wax Inhibitor market. Polymer Type, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Surfactant Type segment is estimated at % CAGR for the next seven-year period.
The petrochemical industry, or petrochemicals for short, generally refers to the chemical industry that uses oil and natural gas as its raw materials.The sudden global outbreak of New Crown Pneumonia in the early 2020's delivered a huge blow to the petrochemical industry, with the International Energy Agency predicting at the beginning of the 2020's that global demand for oil in 2020 would fall by 8.1 million barrels per day (bpd). This is the first annual decline in global oil consumption since 2009 and the financial crisis. global refined oil product consumption fell by nearly 30% in the first quarter of 2020, and global oil supply in the second quarter showed the largest single-quarter supply surplus ever. As a result, the market size of petrochemicals in 2020 declined to a certain extent, with the global petrochemicals market size of $422 billion in 2020, a year-on-year decline of 4.3%.2022 In the second half of the year, due to the fall in crude oil prices and shrinking downstream demand, the overall profit of the petrochemicals industry has been significantly narrowed, and a number of enterprises have also incurred losses. The stability of the global trade supply chain has been tested to a certain extent after the New Crown Pneumonia epidemic, and many countries have begun to shift important resources, such as petrochemicals, to local areas after realizing the weak ability of the globalized trade supply chain to resist huge risks.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Wax Inhibitor, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Wax Inhibitor market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Wax Inhibitor market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Wax Inhibitor sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Wax Inhibitor covered in this report include BASF, The Dow Chemical Company, Chemiphase International, SI Group, Croda International, Evonik Industries, Champion X, Baker Hughes Company and Clariant, etc.
The global Wax Inhibitor market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
BASF
The Dow Chemical Company
Chemiphase International
SI Group
Croda International
Evonik Industries
Champion X
Baker Hughes Company
Clariant
Global Wax Inhibitor market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Wax Inhibitor market, Segment by Type:
Polymer Type
Surfactant Type
Compound Type
Global Wax Inhibitor market, by Application
Crude Oil Transportation
Crude Oil Processing
Others
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Wax Inhibitor manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Wax Inhibitor in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Wax Inhibitor Market Overview
1.1 Wax Inhibitor Product Overview
1.2 Wax Inhibitor Market Segment by Type
1.2.1 Polymer Type
1.2.2 Surfactant Type
1.2.3 Compound Type
1.3 Global Wax Inhibitor Market Size by Type
1.3.1 Global Wax Inhibitor Market Size Overview by Type (2018-2029)
1.3.2 Global Wax Inhibitor Historic Market Size Review by Type (2018-2023)
1.3.3 Global Wax Inhibitor Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Wax Inhibitor Sales Breakdown by Type (2018-2023)
1.4.2 Europe Wax Inhibitor Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Wax Inhibitor Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Wax Inhibitor Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Wax Inhibitor Sales Breakdown by Type (2018-2023)
2 Global Wax Inhibitor Market Competition by Company
2.1 Global Top Players by Wax Inhibitor Sales (2018-2023)
2.2 Global Top Players by Wax Inhibitor Revenue (2018-2023)
2.3 Global Top Players by Wax Inhibitor Price (2018-2023)
2.4 Global Top Manufacturers Wax Inhibitor Manufacturing Base Distribution, Sales Area, Product Type
2.5 Wax Inhibitor Market Competitive Situation and Trends
2.5.1 Wax Inhibitor Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Wax Inhibitor Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Wax Inhibitor as of 2022)
2.7 Date of Key Manufacturers Enter into Wax Inhibitor Market
2.8 Key Manufacturers Wax Inhibitor Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Wax Inhibitor Status and Outlook by Region
3.1 Global Wax Inhibitor Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Wax Inhibitor Historic Market Size by Region
3.2.1 Global Wax Inhibitor Sales in Volume by Region (2018-2023)
3.2.2 Global Wax Inhibitor Sales in Value by Region (2018-2023)
3.2.3 Global Wax Inhibitor Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Wax Inhibitor Forecasted Market Size by Region
3.3.1 Global Wax Inhibitor Sales in Volume by Region (2024-2029)
3.3.2 Global Wax Inhibitor Sales in Value by Region (2024-2029)
3.3.3 Global Wax Inhibitor Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Wax Inhibitor by Application
4.1 Wax Inhibitor Market Segment by Application
4.1.1 Crude Oil Transportation
4.1.2 Crude Oil Processing
4.1.3 Others
4.2 Global Wax Inhibitor Market Size by Application
4.2.1 Global Wax Inhibitor Market Size Overview by Application (2018-2029)
4.2.2 Global Wax Inhibitor Historic Market Size Review by Application (2018-2023)
4.2.3 Global Wax Inhibitor Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Wax Inhibitor Sales Breakdown by Application (2018-2023)
4.3.2 Europe Wax Inhibitor Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Wax Inhibitor Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Wax Inhibitor Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Wax Inhibitor Sales Breakdown by Application (2018-2023)
5 North America Wax Inhibitor by Country
5.1 North America Wax Inhibitor Historic Market Size by Country
5.1.1 North America Wax Inhibitor Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Wax Inhibitor Sales in Volume by Country (2018-2023)
5.1.3 North America Wax Inhibitor Sales in Value by Country (2018-2023)
5.2 North America Wax Inhibitor Forecasted Market Size by Country
5.2.1 North America Wax Inhibitor Sales in Volume by Country (2024-2029)
5.2.2 North America Wax Inhibitor Sales in Value by Country (2024-2029)
6 Europe Wax Inhibitor by Country
6.1 Europe Wax Inhibitor Historic Market Size by Country
6.1.1 Europe Wax Inhibitor Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Wax Inhibitor Sales in Volume by Country (2018-2023)
6.1.3 Europe Wax Inhibitor Sales in Value by Country (2018-2023)
6.2 Europe Wax Inhibitor Forecasted Market Size by Country
6.2.1 Europe Wax Inhibitor Sales in Volume by Country (2024-2029)
6.2.2 Europe Wax Inhibitor Sales in Value by Country (2024-2029)
7 Asia-Pacific Wax Inhibitor by Region
7.1 Asia-Pacific Wax Inhibitor Historic Market Size by Region
7.1.1 Asia-Pacific Wax Inhibitor Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Wax Inhibitor Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Wax Inhibitor Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Wax Inhibitor Forecasted Market Size by Region
7.2.1 Asia-Pacific Wax Inhibitor Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Wax Inhibitor Sales in Value by Region (2024-2029)
8 Latin America Wax Inhibitor by Country
8.1 Latin America Wax Inhibitor Historic Market Size by Country
8.1.1 Latin America Wax Inhibitor Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Wax Inhibitor Sales in Volume by Country (2018-2023)
8.1.3 Latin America Wax Inhibitor Sales in Value by Country (2018-2023)
8.2 Latin America Wax Inhibitor Forecasted Market Size by Country
8.2.1 Latin America Wax Inhibitor Sales in Volume by Country (2024-2029)
8.2.2 Latin America Wax Inhibitor Sales in Value by Country (2024-2029)
9 Middle East and Africa Wax Inhibitor by Country
9.1 Middle East and Africa Wax Inhibitor Historic Market Size by Country
9.1.1 Middle East and Africa Wax Inhibitor Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Wax Inhibitor Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Wax Inhibitor Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Wax Inhibitor Forecasted Market Size by Country
9.2.1 Middle East and Africa Wax Inhibitor Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Wax Inhibitor Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 BASF
10.1.1 BASF Company Information
10.1.2 BASF Introduction and Business Overview
10.1.3 BASF Wax Inhibitor Sales, Revenue and Gross Margin (2018-2023)
10.1.4 BASF Wax Inhibitor Products Offered
10.1.5 BASF Recent Development
10.2 The Dow Chemical Company
10.2.1 The Dow Chemical Company Company Information
10.2.2 The Dow Chemical Company Introduction and Business Overview
10.2.3 The Dow Chemical Company Wax Inhibitor Sales, Revenue and Gross Margin (2018-2023)
10.2.4 The Dow Chemical Company Wax Inhibitor Products Offered
10.2.5 The Dow Chemical Company Recent Development
10.3 Chemiphase International
10.3.1 Chemiphase International Company Information
10.3.2 Chemiphase International Introduction and Business Overview
10.3.3 Chemiphase International Wax Inhibitor Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Chemiphase International Wax Inhibitor Products Offered
10.3.5 Chemiphase International Recent Development
10.4 SI Group
10.4.1 SI Group Company Information
10.4.2 SI Group Introduction and Business Overview
10.4.3 SI Group Wax Inhibitor Sales, Revenue and Gross Margin (2018-2023)
10.4.4 SI Group Wax Inhibitor Products Offered
10.4.5 SI Group Recent Development
10.5 Croda International
10.5.1 Croda International Company Information
10.5.2 Croda International Introduction and Business Overview
10.5.3 Croda International Wax Inhibitor Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Croda International Wax Inhibitor Products Offered
10.5.5 Croda International Recent Development
10.6 Evonik Industries
10.6.1 Evonik Industries Company Information
10.6.2 Evonik Industries Introduction and Business Overview
10.6.3 Evonik Industries Wax Inhibitor Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Evonik Industries Wax Inhibitor Products Offered
10.6.5 Evonik Industries Recent Development
10.7 Champion X
10.7.1 Champion X Company Information
10.7.2 Champion X Introduction and Business Overview
10.7.3 Champion X Wax Inhibitor Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Champion X Wax Inhibitor Products Offered
10.7.5 Champion X Recent Development
10.8 Baker Hughes Company
10.8.1 Baker Hughes Company Company Information
10.8.2 Baker Hughes Company Introduction and Business Overview
10.8.3 Baker Hughes Company Wax Inhibitor Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Baker Hughes Company Wax Inhibitor Products Offered
10.8.5 Baker Hughes Company Recent Development
10.9 Clariant
10.9.1 Clariant Company Information
10.9.2 Clariant Introduction and Business Overview
10.9.3 Clariant Wax Inhibitor Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Clariant Wax Inhibitor Products Offered
10.9.5 Clariant Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Wax Inhibitor Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Wax Inhibitor Industrial Chain Analysis
11.4 Wax Inhibitor Market Dynamics
11.4.1 Wax Inhibitor Industry Trends
11.4.2 Wax Inhibitor Market Drivers
11.4.3 Wax Inhibitor Market Challenges
11.4.4 Wax Inhibitor Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Wax Inhibitor Distributors
12.3 Wax Inhibitor Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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