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Chemical Injection Skids Market Growth Accelerates: Strategic Forecast Predicts $2.72 Billion by 2029
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.What Will the Chemical Injection Skids Industry Market Size Be by 2025?
The market size for chemical injection skids has seen modest expansion in the past years. It is predicted to escalate from $2.33 billion in 2024 to $2.36 billion in 2025, marking a compound annual growth rate (CAGR) of 1.3%. Factors contributing to the growth during the historical period include the expansion of the chemicals industry, the emergence of new markets, and swift industrialization.
What's the Long-Term Growth Forecast for the Chemical Injection Skids Market Size Through 2029?
In the upcoming years, the market size of chemical injection skids is projected to experience a consistent expansion. The market is predicted to appreciate to $2.72 billion in 2029, recording a compound annual growth rate (CAGR) of 3.6%. This projected expansion during the forecast period can be ascribed to the government encouragement, the flourishing petrochemical industry, and accelerating urbanization. Key trends anticipated during this forecast period encompass innovative product advancements aimed at enhancing injection skid efficiency, the advent of real-time chemical automation, capital inflow in chemical testing analysis techniques, incorporation of the Internet of Things (IoT) and data analytics into chemical injection skids, tactical alliances, and collaborations among industry players, and the creation of cutting-edge products like chemical skids for high-pressure functions.
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What Are the Key Growth Drivers Fueling the Chemical Injection Skids Market Expansion?
The expansion of the chemical industry is anticipated to stimulate the growth of the chemical injection skids market. The chemical industry comprises the generation and processing of chemicals on a large scale. The industry benefits immensely from chemical injection skids, which provide a regulated and automated solution for chemical infusion into various operations. For example, the American Chemistry Council reported a rise in chemical volumes by 1.4% in 2021 and 3.2% in 2022 in the United States, and an increase in shipments by 8.1% in 2021 and 8.2% in 2022. Additionally, the Indian government stated that its chemical sector, which includes fertilizers and pharmaceuticals, displayed an 18-23% increase in revenue in FY2022. The sector is forecasted to reach $304 billion by 2025, growing at an annual rate of 9.3%. The growing chemical industry is hence, projected to fuel the development of the chemical injection skids market.
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What Are the Key Trends Driving Chemical Injection Skids Market Growth?
The growing trend of product innovation is becoming quite the buzz in the chemical injection skids market. To maintain their market status, leading enterprises in the field of chemical injection skids are launching new and creative products. For example, in January 2022, Everfit Water Filtration Systems, an American chemical injection skids manufacturer, released the CI-series chemical injection skid system. This new range of products offers a ready-made, pre-packaged solution that can be pre-configured at the manufacturing site prior to dispatch, along with added safety features, enabling easier design and implementation of water filtration projects.
How Is the Chemical Injection Skids Market Segmented?
The chemical injection skidsmarket covered in this report is segmented -
1) By Function: Antifoaming, Corrosion Inhibition, Demulsifying, Scale Inhibition, Other Functions
2) By End-User: Oil And Gas, Energy And Power, Fertilizer, Chemical And Petrochemical, Water Supply, Water Treatment, Other End Users
Subsegments:
1) By Antifoaming: Silicone-Based Antifoam Agents, Non-Silicone-Based Antifoam Agents
2) By Corrosion Inhibition: Organic Corrosion Inhibitors, Inorganic Corrosion Inhibitors, Multi-Functional Inhibitors
3) By Demulsifying: Oil Demulsifiers, Water Demulsifiers
4) By Scale Inhibition: Phosphate-Based Scale Inhibitors, Polymer-Based Scale Inhibitors, Sulfonate-Based Scale Inhibitors
5) By Other Functions: Biocides, Flocculants, Surfactants
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Which Companies Are Leading the Charge in Chemical Injection Skids Market Innovation?
Major companies operating in the chemical injection skids market include ChampionX Corporation, Petronash Holdings, INTECH Process Automation, Lewa GmbH, AES Arabia Ltd,AFP, Petrak Industries, Dencil Fluidtek Systems Pvt Ltd, Depamu, Excel Engineering Systems, Sustisak Enterprise Ltd, Ultrajet Industrial Cleaning Systems Pvt. Ltd, Bliss Anand Pvt. Ltd, Tederic, Wingoil, Hebei Focus Piping Co., Ltd, Santacc, Proserpol, ProMinent France, Socomate International, Sistemas de Inyección de Productos Químicos, S.L, Fluidra S.A., Idrochemical S.r.l, Fluid Global Solutions S.r.l, HNP Mikrosysteme AG, Milton Roy UK Ltd, PromTechKomplekt, Lobbe Russia, ChemInject, Elika Engineering, Polimatech, Metron SRL, HIMAT, Eko-Projekt, ENAPAG, POLINDO, Doseuro Czech s.r.o, Technolog, Hydro Systems Company, Pulsafeeder, Chemical Injection Technologies, Inc, Chemical Metering Pumps Canada, TransChem, Clean Harbors, Grupo DEISA, SMAQUA, Propemsa, Tecval Equipamentos Industriais, Dosebras Dosagem Industrial, BRAGNOLI, Hidraujac Indústria de Bombas, Euro Mechanical, Mefab, Smartcorr, Kamat, AGI Packaged Pump Systems
Which Regions Are Leading the Global Chemical Injection Skids Market in Revenue?
North America was the largest region in the chemical injection skids market in 2024. The regions covered in the chemical injection skids market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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