China Antiscalants Market Worth $555.6 Million By 2024 | CAGR 6.8%

The China antiscalants market size is expected to reach USD 555.6 million by 2024, according to a new report by Grand View Research, Inc. The market is estimated to expand at a CAGR of 6.8% during the forecast period. Rise in the offshore oil and gas facilities accompanied by increased coal-fired power generation in China is augmenting the demand of antiscalants. Antiscalants are preferred over acids as they inhibit the formation of nearly all types of scales such as colloids, and metal oxides formed from fluorides, sulfates, calcium carbonate, and calcium phosphate.

They also control scale formation at a better rate than sulfuric acids, when used in smaller doses. Antiscalants can be used in various industries such as coal gasification, power, and chemical. In the oil and gas industry, antiscalants are used to prevent scale formation during exploration, treatment, and transportation phases. Among the chemicals, phosphonates are widely used in the corrosion and scale iron sequestrates and inhibitors in water treatment process. They act as a super threshold agent in the membrane system.

On the other hand, the impact of using such chemicals may lead to the loss of aquatic organisms by entrainment and impingement. However, continuous government support for the development of eco-friendly products will fuel the demand from 2016-2024. Chemicals formed the largest application segment, accounting for 45.9% of the overall volume in 2015. Antiscalants are used to mitigate the formation of recycled water in thermal power plants. In addition, growing usage of antiscalants in power sector applications and coal gasification sector would also propel industry expansion.

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Further key findings from the study suggest:

• Sulfonates type segment is projected to witness the fastest growth rate of 8.2% during the forecast years on account of its increasing need for desalination of seawater, primarily in the offshore oil and gas facilities

• Application in the power industry segment will witness the fastest volume gains at a CAGR of 6.8% over the estimated period as a result of growing power and mining industries and demand for electricity in China

• In terms of volume, carboxylates were the second-largest segment in 2015. Positive power sector outlook in China due to abundance of mineral reserves coupled with regulatory support encouraging foreign investments would boost the applications of carboxylates and phosphonates, thereby augmenting the market growth

• Presence of a large number of suppliers and continuous R&D activities undertaken by various manufacturers to improve the production volumes is also expected to drive the market in the years to come.

Grand View Research has segmented the China antiscalants market on the basis of product type and application:

China Antiscalants Product Type Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 - 2024)

• Carboxylates

• Phosphonates

• Sulfonates

• Fluorides

• Others

China Antiscalants Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 - 2024)

• Coal Gasification

• Power

• Chemical