On the basis of regional analysis, the paraffin inhibitors market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
North America industry is estimated to dominate majority revenue share by 2037, driven by increasing production and transportation of petroleum including crude oil, renewable fuels, and others. In the other statistic provided by the EIA, the total petroleum production of the United States was 18,198,000 barrels per day in 2019. Moreover, the increasing import and export of oil in the region is anticipated to create growth opportunities for market over the coming years.
Author Credits: Dhruv Bhatia
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