Paraffin Inhibitors Market Analysis

The market is segmented by application into transportation pipelines, exploration and drilling, storage, and others. Among these segments, the transportation pipelines segment is anticipated to hold the largest market share over the forecast period on the back of increasing transportation of petrol, gas and crude oil through pipelines. Post drilling from the production wells, the crude oil or natural gas liquid is then transported through the pipelines to a refinery and once the petroleum is refined into products such as gasoline or kerosene, it is again transported through these pipelines to storage or distribution stations. With the increasing transportation of petrochemical products, the demand for paraffin inhibitors is also anticipated to increase remarkably. According to the U.S Energy Information Administration (EIA), the total petroleum exports of the United States in 2019 was 8,471,000 barrels per day. 

Our in-depth analysis of the global market includes the following segments: