The global hydrate inhibitors market was valued at US$ 170.0 million in 2017, according to Hydrate Inhibitor Market Report, by Inhibitor Type (Thermodynamic Inhibitors, Low Dosage Hydrate Inhibitors (LDHI’s), and Hybrid), published by Coherent Market Insights. The global hydrate inhibitors market is projected to reach US$ 290.3 million by 2025, exhibiting a CAGR of 6.9% during the forecast period.
Increasing shale gas production globally, is expected to boost demand for hydrate inhibitors. This is owing to that fact that hydrate inhibitors reduces formation of hydrates in gas production systems such as line blockages and plugs.
According to the U.S. Energy Information Administration, total shale production in the U.S. in 2014 was 13.4 trillion cubic feet, which increased to 15.2 trillion cubic feet in 2015, owing to advancement in horizontal drilling and hydraulic fracturing techniques and focus on newly discovered technically recoverable reserves.
However, technical and economic advantages over other inhibition methods have resulted in a booming hydrate inhibitor market. Remediation measures such as pigging, depressurization of pipelines, jetting, solvent addition, heating are expensive and leads to increase in non-productive time.
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