Slimicides Market Analysis

End-user (Paper, Oil Extraction)

The global slimicides market is segmented and analyzed for demand and supply by end-user into the paper industry, oil extraction industry, and others. Among these, the oil extraction industry is estimated to garner the largest market share as per the market analysis. The increasing use of oil in the aviation sector is estimated to drive market growth. Also, the rapid growth in the shipping industry and marine infrastructure is anticipated to drive market growth in the coming years. As per the estimations for 2022, over 4% of the global oil production was consumed by the shipping industry with the use of over 280 million tons of fossil fuels per annum.   The oil extraction industry includes the extraction of huge amounts of fuel every day that are prone to the formation of slime. Fuels such as light oil, aviation biofuel, and gasoline are heavy fuels and are stored in tanks. The water is mixed into the tanks through water breathing or condensation methods. At this water and oil interface microorganisms such as bacteria, molds, fungi, algae, and yeast are generated and form a sludge called slime. The slime floats on the top layer of the oil tanks and flows through the pipes clogging the pipes. The clogged slime prevents the efficient flow of fuels in the excessive process of fuel.

The global slimicides market is also segmented and analyzed for demand and supply by end-user into the paper industry, oil extraction industry, and others. Out of these, the paper industry is attributed to garner the highest revenue by 2037. The presence of paper mills producing papers for consumption is expected to be the primary growth factor for the market. As of 2022, in the United States, the number of active paper mills was counted to be 137. Further, the high employment of people in paper mill businesses is another growth factor. It was estimated that there were approximately 48,600 paper mill employees in the United States in 2022. The increasing application in the paints and coatings industry and metalwork fluids is also increasing the market growth as slimicide is used as a corrosion inhibitor. The rising construction sector and its expenditure across the world are also anticipated to boost the use of paints & coatings which in turn drives the market growth.

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