Chemical Injection Skids Market Size

Chemical Injection Skids Market size is projected to cross USD 70 billion by the end of 2036, growing at a CAGR of 4% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of chemical injection skids was about USD 2 billion. This market growth is poised to be dominated by growing demand for oil & gas. According to projections, the global need for crude oil globally was over 98 million barrels per day in 2022 and will likely grow to approximately 100 million barrels per day in 2023. Hence, the demand for chemical injection skids is estimated to rise.

Moreover, manufacturers have the chance to satisfy the growing need for chemical injection skids that are specially made to fit the needs of end users. This need may be met through the development of inventive and adaptable skids that are capable of handling a range of chemicals and functions in many environments. As a result, the market revenue for chemical injection skids is poised to rise over the coming years.