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Paraffin Inhibitors Market Segmentation By Type (Crystal Modifiers, Dispersants, and Solvents); By Application (Transportation Pipelines, Exploration and Drilling, Storage, and Others) and By End User (Oil & Gas Industry, Petroleum Industry, Chemical Industry, and Others) – Global Demand Analysis & Opportunity Outlook 2028

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  • September 2019: Clariant announced that it has launched the high-performance WAXTREAT SubZero Pour Point Depressant (PPD) technology to mitigate paraffin build-up in pipeline systems, especially for the regions comprising of cold climate. The novel innovation is aimed to improve operational efficiency amongst the oil production companies.

Introduction to Paraffin Inhibitors

Paraffin inhibitors, also known as wax inhibitors, are the high-molecular-weight polymers which are used to prevent the precipitation of paraffin from oil. They protect against wax deposition in the production tree, subsea pipelines, and wellbore. Paraffin inhibitors have waxy structure that can co-deposit with wax crystals. As a result, they can prevent agglomeration with additional functional groups. Moreover, paraffin inhibitors modify the shape and size of wax crystals and disperse the paraffin back into the oil to ensure steady flow in the pipelines.

Market Size and Forecast

Paraffin inhibitors are used in petroleum production operations to reduce wax deposition or viscosity in the pipelines. The polymers that are present in paraffin inhibitors alter the wax crystallization process, which, in turn, change the characteristics of wax deposits. The growing advancements in oil, gas and petrochemical industries along with the rising concerns towards efficient transportation of oil are some of the factors which are anticipated to create growth opportunities for paraffin inhibitors market over the coming years. As a result, the paraffin inhibitors market is anticipated to record a significant CAGR over the forecast period, i.e., 2021-2028.

The paraffin inhibitors 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. 

Paraffin Inhibitors Market Share, By Application

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Growth Drivers

Rapid Expansion of Oil and Gas Industry to Propel the Market Growth

With the increasing oil exploration, drilling and production activities, there is also the growing concern regarding the precipitation of paraffins which obstructs the flow of oil in the pipelines and in the storage tanks. To solve this issue, paraffin inhibitors are used as it improves and enhances the flow of oil and reduces the oil flow downtime. With the rapid expansion of oil and gas industry, the demand for paraffin inhibitors is also anticipated to increase as they facilitate ease of production, transportation, and storage of oil in subsea and deep-water operations by preventing deposition of wax in the pipelines.

Rising Need for Easy Flow of Oil in the Pipelines to Drive the Market Growth

The naturally occurring paraffin which is present in crude oil can cause flow challenges when deposited on the walls of oil pipelines during the production, transportation and storage of oil and gas. Therefore, pipelines need versatile, high-performance paraffin inhibitors to facilitate easy flow of the oil.  Moreover, paraffin inhibitors reduce the frequency of workover operations and saves operational time by improving the flow viscosity of crude oil. Such factors are anticipated to drive the growth of the global paraffin inhibitors market over the forecast period.


Concern for Ineffectiveness of Paraffin Inhibitors

Paraffin inhibitors must be added to the crude oil before the oil cools to its cloud point and asphaltene composition in the crude oil should be determined as it can reduce the effectiveness of the paraffin inhibitor. In some cases, if the stability of colloidal asphaltene is disturbed, then the use of a paraffin inhibitor can increase the rate of paraffin deposition in a wellbore, production tree, or subsea pipelines. This factor is anticipated to hamper the growth of paraffin inhibitors market over the forecast period.

Impact of COVID-19 on Global Paraffin Inhibitors Market

The COVID-19 pandemic had a minimal impact on the oil and gas industry. Despite the increasing demand for paraffin inhibitors from the end users, the manufacturers of paraffin inhibitors couldn’t meet up the delivery requirements owing to limited operations and for the restrictions imposed by the nations worldwide to reduce the spread of the virus.

Market Segmentation

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

By Type

  • Crystal Modifiers
  • Dispersants
  • Solvents

By Application

  • Transportation Pipelines
  • Exploration and Drilling
  • Storage
  • Others

By End User

  • Oil & Gas Industry
  • Petroleum Industry
  • Chemical Industry
  • Others

By Region

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.

The market in North America is anticipated to hold the largest share over the forecast period on account of 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 paraffin inhibitors market over the coming years.

The paraffin inhibitors market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis.
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis.
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis.
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis.
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis.

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