Global Antifreeze Agents for Oil & Gas Market was valued at USD xx Mn in 2019 and is expected to reach USD xx Mn by 2027 at a CAGR of 7.6% over the forecast period 2020-2027.
The report covers an in-depth analysis of COVID 19 pandemic impact on Global Antifreeze Agents for Oil & Gas Market by region and on the key players’ revenue affected till July 2020 and expected short term and long-term impact on the market.
Antifreeze Agents for Oil & Gas Market overview
The global demand for antifreeze agents is increasing especially in the automobile and oil & gas industry. They are also known as antifreeze coolants. In a certain proportion, antifreeze agents are mixed with water for coolants. In the oil & gas industry, chemicals such as methanol, propylene glycol, glycerol, and ethylene glycol are used as antifreeze agents. Therefore, attempts are being made to produce chemicals such as propylene glycol from renewable sources or materials such as maize, stoves, oil-bearing crops, and other bio-based resources, since these chemicals are not eco-friendly. Ethylene glycol and propylene glycol demand are growing owing to increasing end-use applications, especially in the oil & gas industry.
Antifreeze Agents for Oil & Gas Market Dynamics
In the oil & gas industry, the consumption of propylene glycol and ethylene glycol end-use applications is on a large scale. The advanced technological methods such as distillation and reverse osmosis process have led to efficient and convenient manufactures of propylene glycol and ethylene glycol. In the natural gas pipeline, it is commonly used especially where the temperature is extremely such as in seawater treatment. Thanks to the advanced technologies they are also used in other applications such as in packaging, garments, and vehicles. It is nontoxic for temporary skin contact, but it is hazardous when swallowed and this has built many lucrative opportunities for the antifreeze agents for the oil & gas market.
However, chemicals used in the manufacturing of anti-freeze agents are toxic and are derived from conventional energy sources which may hamper the growth of the antifreeze agents for the oil & gas market.
The increasing demand for coolant-based fluid growth and research activities such as in 1,3 propanediol and glycerine is driving the growth of the market. Ethylene glycol has natural anti-freezing properties such as freezing temperature blockages and providing corrosion resistance which has made a positive impact on the market. Besides, thanks to the research & development activities such as cost-effective installation, an increase in the oil and gas industry, and the availability of raw material, the demand for antifreeze agents is expected to expand. Increasing investment in eco-friendly products and government initiatives is built many lucrative opportunities for the antifreeze agents for the oil & gas industry.
Global Antifreeze Agents for Oil & Gas Market: Regional Analysis
The regional analysis of the Global Antifreeze Agents for Oil & Gas market is segregated across North America, Europe, Asia Pacific, the Middle East, and Africa, and South America. North America and Europe are dominating the Antifreeze Agents for Oil & Gas market. Rising usages of cooling agents and fluids in North America is high which led to increasing demand for Antifreeze Agents for Oil & Gas market. North America and Europe are the major regions owing to the large presence of manufacturing of personnel care and oil & gas industry and types of machinery are driving the growth of the market in this region. Thanks to the rise in the usage of natural gas pipelines, Asia Pacific is another prominent market for antifreeze agents.
Report covers in-depth analysis of key development, marketing strategies, supply-side and demand side indicators and company profiles of market leaders, potential players, and new entrants. Key players operating in this market are adopting various organic and inorganic growth strategies such as merger& acquisitions, joint ventures, collaborations, expansion, new Type launches and patents to increase their regional presence and business operations.
The objective of the report is to present a comprehensive analysis of the Global Antifreeze Agents for Oil & Gas Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Antifreeze Agents for Oil & Gas Market dynamics, structure by analyzing the market segments and project Global Antifreeze Agents for Oil & Gas Market Clear representation of competitive analysis of key players by price, financial position, Type portfolio, growth strategies, and regional presence in the Global Antifreeze Agents for Oil & Gas Market make the report investor’s guide.
Scope of Global Antifreeze Agents for Oil & Gas Market
Global Antifreeze Agents for Oil & Gas Market Segmentation by Type
• Green Anti-Freeze
• OAT Anti-Freeze
• HOAT Anti-Freeze
• NOAT Anti-Freeze
Global Antifreeze Agents for Oil & Gas Market Segmentation by Application
• Oil & Gas
Global Antifreeze Agents for Oil & Gas Market Segmentation by Product
• Ethylene Glycol
• Propylene Glycol
Global Antifreeze Agents for Oil & Gas Market Segmentation by Region
• North America
• South America
• Middle East & Africa
Global Antifreeze Agents for Oil & Gas Market Major Players
• POLOGY CHEMICAL PLANT COAGULANT ALC
• Maychem Srl
• Chemiteq Limited
• BP PLC
• Chevron Corporation
• Royal Dutch Shell PLC
• Total S.A.
• Exxon Mobil Corporation
• BASF SE
• Cummins Inc
• Motul S.A
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