The global CDU Heat Exchanger Antifoulants Market is expected to register Y-o-Y growth of 2.9% and reach value of about USD 165.0 Million by the end of 2022 and further projected to expand at CAGR of 3.1% between 2022 and 2028.
| Attribute | Details |
|---|---|
| CDU Heat Exchanger Antifoulants Market Size, 2021A | USD 160.3 million |
| Estimated Year Market Value (2022E) | USD 165.0 million |
| Projected CDU Heat Exchanger Antifoulants Market Size (2028F) | USD 197.6 million |
| Value CAGR (2022 to 2028) | 3.1% |
| Collective Value Share of Top 3 Countries (2022E) | 39.9% |
Rising consumption of fuel additives for removing impurities during oil production, along with investments in oil refinery projects by government and private players will continue to push sales in the CDU heat exchanger antifoulants market. Considering this, FMI has forecasted the global CDU heat exchanger antifoulants sales to reach a valuation of USD 197.6 Million in 2028.
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| Market Statistics | Details |
|---|---|
| H1,2021 (A) | 2.3% |
| H1,2022 Projected (P) | 2.6% |
| H1,2022 Outlook (O) | 2.8% |
| BPS Change : H1,2022 (O) - H1,2022 (P) | (+) 20 ↑ |
| BPS Change : H1,2022 (O) - H1,2021 (A) | (+) 50 ↑ |
FMI presents a half-yearly comparison and insightful analysis of CDU heat exchanger antifoulants market growth. The market has been primarily influenced by the manufacturing sector growth outlook, innovations in the process, technology and product development. Recent developments taken place in the market includes setting up of oil refineries and production capacity expansions in the emerging markets.
The global demand for CDU heat exchanger antifoulants increased by about 2.3% during the first half of 2021. The consumption rate of the market varies significantly across regions with MEA, USA and China and India are dominating the market. BPS change of 20 has been estimated between the expected and projected growth higher growth outlook for initiators in the polymer industry, especially in China and in India.
Steady growth in the demand for refined oil, development of the industrial sector, technological development are some of the macro level factors propelling the demand for CDU heat exchanger antifoulants. These factors are expected to create an increment in the growth rate of about 50 bps points in the first half of 2022.
Despite of certain positive prospects, there are certain challenges which lies ahead to impact the growth of the market including increasing use of the fuel additives, shifting consumer preferences, growing geopolitical tensions, and stringent government regulations.
Sales of CDU heat exchanger antifoulants increased at a CAGR of 2.4% between 2013 and 2021, with countries such as the USA, China, and Russia accounting for a substantial portion of the global market. Sales prospects in 2020 and 2021 were dampened due to the outbreak of COVID-19 pandemic, which reduced the demand for CDU heat exchanger antifoulants.
The rise in global power consumption is increasing demand of the CDU heat exchanger antifoulant. Besides this, the shift of manufacturers towards emerging regional markets such as India and Brazil is expected to continue pushing sales of CDU heat exchanger antifoulants.
The decreased frequency of intensive cleaning of heat exchangers with these antifoulants is expected to bode well for the global CDU heat exchanger antifoulant market in the forthcoming years.
Principal Consultant
The growing demand for petrochemicals has led to a rise in the production of crude oil products. This led to the increase in the operations of crude distillation units and their heat exchangers, ultimately necessitating the use of antifoulants for these heat exchangers. These antifoulants help to reduce maintenance and repair costs of heat exchangers while also extending their life span.
The surge in petrochemical production to meet the constant demand from the population is expected to provide an impetus to the demand for CDU heat exchanger antifoulants and urge manufacturers to boost their production and supply of the antifoulants.
As per FMI, the USA is projected to account for nearly one-fifth of the global market share, creating an incremental opportunity of around USD 7.3 Million in 2028.
The USA is expected to generate the highest revenue from CDU heat exchanger antifoulant sales across the globe. The country is a global leader in the production of petroleum, with the largest oil refining capacity, along with being home to many significant players in the industry. Due to the application of the product in these refineries, it is expected to in turn augment the growth of the CDU heat exchanger antifoulant market in the USA
Sales of CDU heat exchanger antifoulants are growing at a rapid pace in China. The market is expected to gain traction at 3.6% CAGR between 2022 and 2028. Certain domestic market participants are expanding their production capacities to meet the growing demand from domestic market as well as rising export driven sales.
China is one of the prominent consumers of refined oil and crude oil products. The high demand for refineries and refinery heat exchangers is expected to bolster the growth of CDU heat exchanger antifoulants in the country.
Russia is expected to have a 26.0% market share in the European CDU heat exchanger antifoulant market by the end of 2028, with a total market value of USD 12.6 Million. Major oil refining companies like Rosneft, which has 13 large refineries in Russia, will propel the sales of CDU heat exchanger antifoulants over the assessment period. This will influence the chemical manufacturers for maintaining the expensive heat exchangers.
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Sales of corrosion inhibiting CDU heat exchanger antifoulants is expected to grow at a prominent CAGR of 3.2% between 2022 and 2028.
The majority of late and fin heat exchangers are made up of aluminium alloys and are subject to metal corrosion over time. Metal corrosion could be a major drawback as it requires the replacement of heat exchangers, which is both cost-intensive and time-consuming. Owing to these factors, the sales of corrosion inhibiting CDU heat exchanger antifoulants are projected to increase over the forecast period.
Polymerization inhibiting CDU heat exchanger antifoulants are projected to create an absolute dollar opportunity of more than USD 7.6 million between 2022 and 2028. It is expected to account for two-seventh share of the global CDU heat exchanger antifoulants market by the end of 2028.
Polymerization leads to the formation of unwanted deposits on the surface of heat exchangers. These deposits foul the unit and require inhibition, which will continue to drive polymerization inhibiting CDU heat exchanger antifoulant sales over the assessment period.
Over the past few years, manufacturers' focus has shifted towards emerging regions to meet the increasing demand for CDU heat exchanger antifoulants. Several key players are also focusing on expanding their production capacities and increasing the number of refinery projects, especially in emerging economies.
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*The list is not exhaustive, and only for representational purposes. Full competitive intelligence with SWOT analysis is available in the report.
| Attribute | Details |
|---|---|
| Forecast Period | 2022 to 2028 |
| Historical Data Available for | 2013 to 2021 |
| Market Analysis | USD Million for Value and Tons for Volume |
| Key Regions Covered | North America; Latin America; Western Europe; Eastern Europe; APEJ; India; Japan; Middle East & Africa |
| Key Countries Covered | USA, Canada, Germany, UK, France, Italy, Spain, Russia, Poland, BENELUX, China, Japan, South Korea, India, ASEAN, ANZ, GCC Countries, Turkey, and South Africa, |
| Key Segments Covered | Product Type, and Region |
| Key Companies Profiled | Baker Hughes Incorporated; Dorf Ketal; CHIMEC SpA; Croda International Plc; CRISTOL (Krishna Antioxidants Pvt. Ltd.); Eonchemicals; Expert Chem SERV; Chematek S.p.A; Innospec; Suez Environnement |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The CDU heat exchanger antifoulants market was valued at USD 165.0 million in 2022.
The demand for CDU heat exchanger antifoulants grew by 2.9% in 2022.
The CDU heat exchanger antifoulants market is estimated to grow at a 3.1% CAGR through 2028.
The Chinese CDU heat exchanger antifoulants market is projected to grow at a 3.8% CAGR through 2028.
Sales are expected to grow at a CAGR of 3.2% through 2028 due to metal corrosion prevention in heat exchangers.
The United States is projected to hold nearly 20% of the global market share, creating an incremental opportunity of USD 7.3 million.
Russia is expected to account for 26.0% of the European market by 2028, with significant players like Rosneft driving sales.
1. Executive Summary 2. Market Introduction 3. Market Viewpoint 4. Global CDU Heat Exchanger Antifoulants Market Analysis 2013 to 2021 and Forecast 2018 to 2028 5. Global CDU Heat Exchanger Antifoulants Market Analysis 2013 to 2021 and Forecast 2022 to 2028 By Product Type 5.1. Dispersants 5.2. Corrosion Inhibitors 5.3. Metal Coordinators 5.4. Polymerization Inhibitors 5.4.1. Free Radical Polymerization Inhibitors 5.4.2. Non to Free Radical Polymerization Inhibitors 5.4.3. Market Attractiveness Analysis By Product Type 6. Global CDU Heat Exchanger Antifoulants Analysis 2013 to 2021 and Forecast 2022 to 2028 By Region 6.1. North America 6.2. Latin America 6.3. South East Asia & Pacific 6.4. Western Europe 6.5. Eastern Europe 6.6. Middle East and Africa 6.7. Japan 6.8. India 6.9. China 7. North America CDU Heat Exchanger Antifoulants Market Analysis 2013 to 2021 and Forecast 2022 to 2028 8. Latin America CDU Heat Exchanger Antifoulants Market Analysis 2013 to 2021 and Forecast 2022 to 2028 9. Western Europe CDU Heat Exchanger Antifoulants Market Analysis 2013 to 2021 and Forecast 2022 to 2028 10. Eastern Europe CDU Heat Exchanger Antifoulants Market Analysis 2013 to 2021 and Forecast 2022 to 2028 11. Asia Pacific Excl. Japan CDU Heat Exchanger Antifoulants Market Analysis 2013 to 2021 and Forecast 2022 to 2028 12. India CDU Heat Exchanger Antifoulants Analysis 2013 to 2021 and Forecast 2022 to 2028 13. Japan CDU Heat Exchanger Antifoulants Analysis 2013 to 2021 and Forecast 2022 to 2028 14. Middle East and Africa CDU Heat Exchanger Antifoulants Market Analysis 2013 to 2021 and Forecast 2022 to 2028 15. Competition Landscape 15.1. Baker Hughes Incorporated 15.2. Dorf Ketal 15.3. CHIMEC SpA 15.4. Croda International Plc 15.5. CRISTOL (Krishna Antioxidants Pvt. Ltd.) 15.6. Eonchemicals 15.7. Expert Chem SERV 15.8. Chematek S.p.A 15.9. Innospec 15.10. Suez Environnement 16. Assumptions and Acronyms Used 17. Research Methodology
Chemicals & Materials
October 2023
REP-GB-161
315 pages
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CDU Heat Exchanger Antifoulants Market
