Chemical Injection Skids Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 3.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Europe |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Chemical Injection Skids Market Analysis
The market for chemical injection skids is expected to grow at a CAGR of less than 3% during the forecast period.
The market was negatively impacted by COVID-19 in 2020. Several countries faced severe supply chain disruptions. However, the market is expected to grow steadily and reach pre-pandemic levels in the studied period.
- Over the short term, the expansion of the chemical industry and accelerating demand for waste treatment applications, are major factors driving the growth of the market studied.
- However, the saturation of the market in Europe and North America is a key factor anticipated to restrain the growth of the target industry over the forecast period.
- Nevertheless, rapid development and innovation in the technology of advanced injection systems are likely to create lucrative growth opportunities for the global market soon
- Europe dominates the market and Asia-Pacific is expected to witness the fastest growth rate during the forecast period.
Chemical Injection Skids Market Trends
Energy, Power, and Chemicals Segment to Dominate the Market
- Energy, Power and Chemicals is one of the major end-user segments for the chemical injection skids market. The pulp and paper industry is also included in this segment.
- In 2021, China stood as the largest energy consumer with 157.65 exajoules, followed by the United States and India. The growing need for energy for industrial purposes in developing economies is the major driver for the growth of the energy and power end-user industry.
- Chemical injection skids are widely employed in the chemicals industry. They are used for the injection of various chemicals, including caustic soda (for high-pressure cleaning, corrosion inhibitor chemicals, hydrochloric acid (for descaling purposes), and amines (for removal of sour gas), among many more.
- These chemicals are injected into key components of refineries, such as heat exchangers, mixers, flow conduits, columns, and towers, to ensure efficient processing and outputs of the input crude oil.
- In addition, these skids are also used for the injection of water treatment chemicals to treat the wastewater produced and for inhibition of gasoline and other additives to fuel oils. Coagulant dosing is also done using chemical injection skids in order to aid in the coagulation of solids.
- The refinery capacities are witnessing a surge globally due to the rising usage and demand for petrochemical products.
- The increase in the capacities is also fueled to some extent by increasing oil & gas activities across the globe both in terms of production and consumption.
- Moreover, chemical injection skids also find a major use in power generation. There are chemicals, such as ferric sulphate and sulphuric acid, which are needed in precise measurements for transformation of water into ultra-pure water for the boilers. Hence, the demand for chemical injection skids is expected to rise moderately during the forecast period.
Asia-Pacific to Witness Lucrative Growth
- The Asia-Pacific region is estimated to witness the fastest CAGR during the forecast period, primarily due to the increasing demand from the petrochemicals and chemical industries.
- China and Japan dominated the market in the Asia-Pacific. However, India is expected to witness healthy growth during the forecast period.
- Increasing refining activities in these countries are, in turn, expected to boost the market demand.
- Japan is the fourth-largest oil consumer globally, with a refinery capacity of about 3,500 thousand barrels per day, constituting 3.7% of the world's refining capacity. Currently, Japan has approximately 21 oil refineries, and the demand for petroleum products is decreasing by 1-2% per year.
- Furthermore, the Government of India is developing the Chandikhol Strategic Petroleum Reserve Construction Project with a total cost of USD 1.1 billion. The project is expected to reach operational capacity by the end of year 2028.
Chemical Injection Skids Industry Overview
The market studied is fragmented among the top players. The key players include (not in any particular order) Proserv Group Inc., IDEX Corporation, SPX FLOW Inc., Petronash, and Seko SpA, among others.
Chemical Injection Skids Market Leaders
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Proserv UK Ltd
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IDEX
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SPX FLOW, Inc.
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Petronash
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SEKO S.p.A.
*Disclaimer: Major Players sorted in no particular order
Chemical Injection Skids Market News
September 2022: Proserv acquired a minority stake in the Glasgow-based power system monitoring company, Synaptec.
Chemical Injection Skids Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
-
4.1 Drivers
- 4.1.1 Rapid Growth in Chemical Industry
- 4.1.2 Accelerating Demand from Water Treatment Applications
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4.2 Restraints
- 4.2.1 Maturing Markets in Developed Economies of Europe & North America
- 4.3 Industry Value-Chain Analysis
-
4.4 Porter's Five Forces Analysis
- 4.4.1 Bargaining Power of Suppliers
- 4.4.2 Bargaining Power of Consumers
- 4.4.3 Threat of New Entrants
- 4.4.4 Threat of Substitute Products and Services
- 4.4.5 Degree of Competition
- 4.5
- 4.6
5. MARKET SEGMENTATION ( Market Size in Value)
-
5.1 End-user Industry
- 5.1.1 Petrochemicals
- 5.1.2 Chemicals
- 5.1.3 Energy & Power
- 5.1.4 Oil & Gas
- 5.1.5 Water Treatment
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5.2 Geography
- 5.2.1 Asia-Pacific
- 5.2.1.1 China
- 5.2.1.2 India
- 5.2.1.3 Japan
- 5.2.1.4 South Korea
- 5.2.1.5 Rest of Asia-Pacific
- 5.2.2 North America
- 5.2.2.1 United States
- 5.2.2.2 Canada
- 5.2.2.3 Mexico
- 5.2.3 Europe
- 5.2.3.1 United Kingdom
- 5.2.3.2 France
- 5.2.3.3 Germany
- 5.2.3.4 Italy
- 5.2.3.5 Rest of Europe
- 5.2.4 South America
- 5.2.4.1 Brazil
- 5.2.4.2 Argentina
- 5.2.4.3 Rest of South America
- 5.2.5 Middle-East and Africa
- 5.2.5.1 South Africa
- 5.2.5.2 Saudi Arabia
- 5.2.5.3 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
- 6.2 Market Share Analysis
- 6.3 Strategies Adopted by Leading Players
-
6.4 Company Profiles
- 6.4.1 AES Arabia Ltd
- 6.4.2 Carotek Inc.
- 6.4.3 Casainox Flow Solutions
- 6.4.4 Degremont Technologies Ltd
- 6.4.5 IDEX Corporation
- 6.4.6 ITC SL
- 6.4.7 Intech Process Automation Inc.
- 6.4.8 Integrated Flow Solutions LLC (IFS)
- 6.4.9 Lewa GmbH
- 6.4.10 Milton Roy Europe
- 6.4.11 Petrak Industries Inc.
- 6.4.12 Petronash
- 6.4.13 Proserv Group Inc.
- 6.4.14 Seko SpA
- 6.4.15 SPX FLOW Inc.
- 6.4.16 Swelore Engineering
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
- 7.1 Development of Technologically Advanced Chemical Injection System
Chemical Injection Skids Industry Segmentation
The market is segmented by end-user industry and geography. By end user, the market is segmented into pharmaceuticals, energy, power and chemicals, food and beverage, oil and gas, and water treatment. The report also covers the market size and forecasts for the wood-based panel market in 15 countries across major regions. The report offers market size and forecasts for the chemical injection skids in value (USD million) for all the segments.
| End-user Industry | Petrochemicals | |
| Chemicals | ||
| Energy & Power | ||
| Oil & Gas | ||
| Water Treatment | ||
| Geography | Asia-Pacific | China |
| India | ||
| Japan | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Geography | Europe | United Kingdom |
| France | ||
| Germany | ||
| Italy | ||
| Rest of Europe | ||
| Geography | South America | Brazil |
| Argentina | ||
| Rest of South America | ||
| Geography | Middle-East and Africa | South Africa |
| Saudi Arabia | ||
| Rest of Middle-East and Africa |
Chemical Injection Skids Market Research FAQs
What is the current Chemical Injection Skids Market size?
The Chemical Injection Skids Market is projected to register a CAGR of less than 3% during the forecast period (2024-2029)
Who are the key players in Chemical Injection Skids Market?
Proserv UK Ltd , IDEX, SPX FLOW, Inc., Petronash and SEKO S.p.A. are the major companies operating in the Chemical Injection Skids Market.
Which is the fastest growing region in Chemical Injection Skids Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Chemical Injection Skids Market?
In 2024, the Europe accounts for the largest market share in Chemical Injection Skids Market.
What years does this Chemical Injection Skids Market cover?
The report covers the Chemical Injection Skids Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Chemical Injection Skids Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Chemical Injection Skids Industry Report
Statistics for the 2024 Chemical Injection Skids market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Chemical Injection Skids analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
