Asphaltene and Paraffin Inhibitors Market will reach 930 million US$ in 2023

New report published by Global Info Research which offers insights on the global Asphaltene and Paraffin Inhibitors market.

Asphaltene and paraffin inhibitors find widespread use in oil exploration and processing activities. Asphaltenes are naturally occurring molecules in crude oil, which possess high molecular weight and limited solubility in crude oil. Paraffins are naturally occurring saturated hydrocarbon molecules that are largely found in liquid crude oils. Together asphaltenes and paraffins represent organic deposits that form in and around the wellbore and cause clogging of oil wells and flow lines. Paraffin or asphaltene deposition problems are also aggravated when oils from different wells are commingled during production and transportation. To prevent clogging and keep the asphaltene and paraffin particles in suspension and soluble in the fluid, paraffin and asphaltene inhibitors are employed. Asphaltene and paraffin inhibitors are oilfield production chemicals with their demand directly dependent upon growth in oil extraction. The market is therefore poised to benefit from the increase in the number of drilling rigs; sustained activity in the oil and gas exploration space; maturity of domestic crude oil fields and the need for increasing production in these wells; and emphasis on new well discoveries especially in deepwater locations in developing regions.

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Global Asphaltene and Paraffin Inhibitors Market: Forecast by Type / Application / Region

The worldwide market for Asphaltene and Paraffin Inhibitors is expected to grow at a CAGR of roughly 3.5% over the next five years, will reach 930 million US$ in 2023, from 760 million US$ in 2017, according to a new GIR (Global Info Research) study.

This report focuses on the Asphaltene and Paraffin Inhibitors in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.

Global Nonferrous Metal Recycling Market:Key Players
Akzo Nobel Surface Chemistry
AES Arabia Ltd.
Baker Hughes Incorporated
Caradan Chemicals, Inc.
Clariant
Croda International Plc.
Deep South Chemicals, Inc.
EMEC
Force Chem Technologies
Halliburton
Innospec, Inc.
Janus Energy Resources
Kosta Oil Field Technologies, Inc.
LLC FLEK
NALCO Champion
Newpark Resources, Inc.
Schlumberger Limited
M-I SWACO
Rocanda Enterprises Ltd.
Roemex Limited

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Related Information:
United States Asphaltene and Paraffin Inhibitors Market 2018 Forecast to 2023
Europe Asphaltene and Paraffin Inhibitors Market 2018 Forecast to 2023
North America Asphaltene and Paraffin Inhibitors Market 2018 Forecast to 2023
Asia-Pacific Asphaltene and Paraffin Inhibitors Market 2018 Forecast to 2023
China Asphaltene and Paraffin Inhibitors Market 2018 Forecast to 2023
EMEA Asphaltene and Paraffin Inhibitors Market 2018 Forecast to 2023
Global Asphaltene and Paraffin Inhibitors Market 2018 Forecast to 2023

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