Chemical Injection Skid Market Size, Share & Industry Analysis, By Function (Antifoam, Corrosion, Demulsifying, Scale, Others), By End-User (Petrochemicals, Chemicals, Energy & Power, Oil & Gas, Water Treatment, Others) And Regional Forecast, 2024-2032

Region :Global | Report ID: FBI104957 | Status : Ongoing

KEY MARKET INSIGHTS

Chemical injection skids are specialized piping arrangements used to inject chemicals into a system, mostly in the oil & gas and chemical industry. The skid structure provides a major structure for the system and is created and designed to protect the system. It functions continuously or intermittently and can be used in various settings for various purposes in the marine and offshore industry. Demand for chemical injection skids is increasing due to reduced corrosion and formation of deposits such as wax, foam, and scales in the chemical systems.

The chemical injection skids market is segmented into function, end-user, and geography. Based on the function, the market is segmented into antifoam, corrosion, demulsifying, scale, and others. The market is dominated by the corrosion segment due to large application to minimize corrosion of high valued equipment and improve equipment durability. Based on the end-user segment, the market is categorized into petrochemicals, chemicals, energy & power, oil & gas, water treatment, and others. The oil & gas segment is estimated to hold a large portion of the market share due to the wide deployment of chemical injection skid in production and exploration activities.

Significant growth in the chemical industry and accelerating growth from water treatment applications are the key factors driving market growth. However, lack of a skilled workforce having domain-specific knowledge restraints the market growth. Also, stringent regulations from the oil & gas industry restraints market growth during the projected period.

Key Market Driver -

Rise in demand for fossil fuels in the chemical industry is projected to drive the market growth

Key Market Restraint -

Stringent regulations from oil & gas industry restraints the market growth

Key Players Covered:

Some of the globally leading companies for chemical injection skid are AES Arabia Ltd., Carotek, Inc., Casainox Flow Solutions, Degrémont Technologies, Ltd, Intech Process Automation Inc., Itc S.L, Lewa Gmbh., Petrak Industries Inc., Petronash Engineering Services Pvt. Ltd., Proserv Group Inc. and among other players.

Regional Analysis:

The chemical injection skid is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America is dominating the market owing to growth in active oil & gas exploration activities, mostly through the unconventional procedure, is primarily fuelling the chemical injection skid market in the region. Asia Pacific region is expected to be the second-largest position in the global market, as Australia is a key country for the chemical injection skids market in Asia Pacific. Growth in active gas production and exploration activities in Eastern Europe is expected to accelerate Europe's chemical injection skid market. The presence of oil reserves and oil companies in the Middle East & Africa is likely to propel the region's market during the forecast period. Growth in petrochemical, chemical, and oil & gas industries coupled with advanced technologies, is expected to increase the demand for the chemical injection skids market in the projected period.

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Segmentation

ATTRIBUTES	DETAILS
By Function	Antifoam Corrosion Demulsifying Scale Others
By End-User	Petrochemicals Chemicals Energy & Power Oil & Gas Water Treatment Others
By Geography	North America (the U.S. and Canada) Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe) Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific) Latin America (Brazil, Mexico and Rest of Latin America) Middle East and Africa (South Africa, GCC and Rest of Middle East and Africa)

Key Industry Developments

In October 2019 - Calder has achieved a contract to design and build five chemical injection pump packages. These units will operate in a gas and condensate field.

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PUBLISHING STATUS: Ongoing
BASE YEAR: 2023
HISTORICAL DATA: 2019-2022

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