Press release
Antifreeze Agents for Oil & Gas Market 2017 - 2025: Global Industry Size, Share, Growth, Forecasts
Antifreeze agents are used in oil & gas, automobiles, and heat exchangers in order to enable the heat transfer process even in cold weather conditions. Antifreeze agents are mixed in the water up to certain proportion. This mixture is commonly known as antifreeze coolant. Chemicals predominantly used as antifreeze agents for oil & gas include propylene glycol, ethylene glycol, methanol, and glycerol. Chemicals used in the manufacturing of anti-freeze agents are toxic in nature and are derived from conventional energy sources. These chemicals are not eco-friendly, due to which, efforts are being made to develop chemicals such as propylene glycol from renewable sources or materials such as corn, stover, oil bearing crops, and other bio-based resources.
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Based on product type, antifreeze agents can be segregated into propylene glycol, ethylene glycol, methanol, and glycerol. Ethylene glycol and propylene glycol are used on a large scale in oil & gas industry. Recycled ethylene glycol is manufactured from processes such as distillation, reverse osmosis, and ion exchange. It is gradually making its mark in the market as an oil and gas coolant. Research activities are underway in order to explore opportunities in utilization of 1,3 Propanediol and glycerin in the development of coolant-based fluid. Ethylene glycol is also known as ethylene alcohol, glycol, and clycol alcohol. It is primarily used in natural gas pipelines. These pipelines are usually used under the sea where the temperature is extremely low. During this process even salt water corrodes the pipelines. Ethylene glycol has natural anti-freezing properties which help in preventing blockages from freezing temperatures and in providing protection against corrosion. Ethylene glycol is also used in other applications such as fabrics, automotive, and packaging due to its exceptional anti-freezing properties. Ethylene glycol, when ingested, is hazardous to health, however, it is non-toxic for temporary skin contact.
Propylene glycol is formulated with unique poly-organic acids in order to form a protective layer that prevents corrosion on metal component. Besides controlling the temperature, antifreeze agents can also be used in gas hydrate inhibition, as an anti-solvent in crystallization process, hydraulic fluid friction reducer, cross-linker, and gelling agent in the expanding hydraulic fracturing industry.
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The market for antifreeze agents is expected to expand due to various factors such as cost-effective installation, availability, rise in oil and gas industry etc. The global antifreeze agents market is expanding and is projected to witness a considerable growth over the next five years. However, high cost of raw materials and increase in focus toward electric vehicles may restrain the growth of antifreeze agents for oil and gas market
Based on geography, the global antifreeze agents market for oil and gas can be classified into Asia Pacific, Europe, North America, Latin America, and Middle East & Africa. North America and Europe are the major markets for antifreeze agents, led by the upturn growth in oil and gas industry, rising concern for environment in these region. Asia Pacific is another prominent market for the antifreeze agents, owing to the growth of increase used of natural gas pipelines.
Major players operating in the global market are POLOGY CHEMICAL PLANT COAGULANT ALC, Maychem Srl, Chemiteq Limited, BP PLC, Chevron Corporation, Royal Dutch Shell PLC, Total S.A., Exxon Mobil Corporation, Lukoil, Petronas, BASF SE, Cummins Inc, Motul S.A.. These companies hold a significant share of the market. Thus, the antifreeze agents for oil & gas market experiences intense competition.
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The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market
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