Chemical Injection Skids Market Size, Share & Trends Analysis Report By Function (Antifoaming, Corrosion Inhibition, Demulsifying), By End-use (Oil & Gas, Energy & Power, Fertilizer), By Region (North America), And Segment Forecasts, 2022 - 2030

Report Overview

The global chemical injection skids market size was estimated at USD 1.73 billion in 2021 and is anticipated to expand at a compound annual growth rate (CAGR) of 3.7% from 2022 to 2030. The rapid growth of oil & gas and wastewater treatment industries across the globe is expected to open new growth avenues for the market.

The COVID-19 outbreak has created a number of unprecedented challenges for the producers and manufacturers operating in the market. Owing to the pandemic, the industries also faced significant bottlenecks in recruiting workers. During the lockdown, everything from acquiring the raw materials to delivering the finished product was impacted. When some restrictions were altered, the market eventually returned to normal.

According to the U.S. Environmental Protection Agency (EPA) estimates, the U.S. wastewater infrastructure water and drinking water is estimated to require nearly USD 750 billion over 20 years only to maintain current levels of service. Most chemical injection skids provide concentrated chemicals at precise amounts to maintain bulk concentrations in the main process line. The need for federal investment in water and wastewater infrastructure is widely acknowledged, and efforts to address it are gaining traction. The Drinking Water and Wastewater Infrastructure Act of 2021 comprises USD 55 billion in funding for the rehabilitation and enhancement of water and wastewater systems in the U.S. As a result, the market for chemical injection skids will experience growth due to the expansion of water and wastewater infrastructure.

The U.S. has the world's largest economy and prominent levels of energy usage. The country has enormous oil & gas reserves. The presence of key players such as Chevron, ExxonMobil, BP, and Shell are driving the oil & gas industry in the U.S. Using chemical injection skids to assist oil & gas recovery has various benefits such as portability, cost-effectiveness, decreased repair downtimes, and safe deployment in hazardous environments. According to the EPA, the U.S. utilizes and generates a wide range of energy variants and sources, which can be divided into broad categories such as primary & secondary, renewable & nonrenewable, and fossil fuels. The growing energy & power industry in the U.S. is driving the use of chemical injection skids.

Function Insights

The corrosion inhibition segment led the market with a 28.6% revenue share in 2021. A corrosion inhibitor is a chemical solvent that is used in a specific environment to slow the rate of corrosion of a metal exposed to that environment, such as air or water. Corrosion inhibitors are classified into three types, such as anodic inhibitors, cathodic inhibitors, and mixed inhibitors.

The demulsifying function has a variety of action mechanisms, including the reduction or suppression of electrostatic charges, which are responsible for drop repulsion, changes in the wettability of the solids absorbed at the interface, and changes in the viscoelasticity of the interface layer. Demulsifiers are chemicals that diffuse into the oil-water interface and act as stabilizers after being dispersed into the emulsion.

The scale inhibition segment is anticipated to witness strong growth with a CAGR of 4.0% during the forecast period. In scale inhibition, a chemical is injected into fluid flow systems to avoid the aggregation of insoluble compounds on the system walls. It consists of a technique that is specifically created to lower the rate of scale development in order to increase the oil, gas, and water production in industries.

The antifoaming function segment held a substantial market share in the global revenue share. Owing to several beneficial factors such as the exceptional physical & chemical properties of the foaming solution, intended use & application, the process & technique of foam generation, and applicable regulatory requirements.

End-use Insights

The oil & gas end-use segment dominated the market and accounted for a market share of 21.9% of the global revenue in 2021. Chemical injection skids are used to inject specialty chemicals into the produced oil & gas flow in order to increase separation, decrease foaming, and prevent corrosion. Chemical injection systems can be used in a range of onshore and offshore improved oil recovery applications.

Chemical injection skids are widely used in the chemical industry. These are used to inject various chemicals, such as caustic soda (for high-pressure cleaning), corrosion inhibitor chemicals, hydrochloric acid (for descaling), and amines (for sour gas removal), among others. The skids’ structure is designed to protect the system.

Chemical injection skids are increasingly deployed in the pharmaceutical industry. The active pharmaceutical ingredients (APIs) and vapor phase corrosion inhibitors (VCIs) are injected into the process stream to change or impart new product qualities or improve processing dynamics. Numerous dosage control options are available with injection systems and chemical skid systems.

The water supply & water treatment end-use segment is projected to expand at a CAGR of 4.9% during the forecast period. These skids are also used to inject water treatment chemicals into wastewater treatment systems and to inhibit the addition of gasoline to fuel oils. Coagulant dosing is done with chemical injection skids to aid in solid coagulation.

Regional Insights

North America region dominated the market and accounted for a 31.0% market share of the global revenue in 2021. Healthcare spending in this region represented 19.7% of GDP in 2020 as compared to 17.6% in 2019. The rising healthcare spending indicates an increase in the need for water quality inspections and regulations, which may favorably drive the demand for chemical injection skids.

Asia Pacific is projected to expand at a CAGR of 4.3% during the forecast period owing to rapid growth in the energy & power and oil & gas industries. Furthermore, rapid investment and advancements in the oil & gas industry, coupled with rising refining activities in this region are boosting the growth of the chemical injection skids market.

The presence of oil companies and oil reserves in the Middle East & Africa such as Qatar Gas Transport Company, GTE Petrochem, McDermott, and Rawabi Holding is anticipated to drive the demand for chemical injection skids in the region. Furthermore, the growth in chemical, petrochemical, oil & gas industries is expected to supplement the regional market growth.

The demand for this product in Central & South America is expected to be driven by factors such as ongoing urbanization, increasing population, surging migration of rural population to urban areas, and improving the living standard of the masses. 

Key Companies & Market Share Insights

The market features the presence of both large-scale and medium-scale chemical injection skid manufacturers. The key manufacturers are also emphasizing strengthening their market presence by collaborating with other players offering similar products and services to augment their market presence and achieve a competitive advantage over peers. Similarly, companies also implement inorganic growth strategies in order to enhance their product portfolio. For instance, in August 2021, Ingersoll Rand acquired Maximus Solutions in an all-cash transaction, valued at USD 100.1 million. This acquisition was aimed at transforming the precision and science technologies business segment of Ingersoll. Some prominent players in the global chemical injection skids market include: 

• Milton Roy Company

• AES Arabia Ltd.

• Petronash

• Lewa GmbH

• SPX FLOW Inc.

• INTECH

• Integrated Flow Solutions LLC

• Petroserve International

• Carotek Inc.

• IDEX Corporation 

Chemical Injection Skids Market Report Scope 

Global Chemical Injection Skids Market Segmentation

This report forecasts revenue growth at global, regional & country levels and provides an analysis of the industry trends in each of the sub-segments from 2022 to 2030. For this study, Grand View Research has segmented the global chemical injection skids market based on function, end-use, and region:

• Function Outlook (Revenue, USD Million, 2017 - 2030)

  • Antifoaming

  • Corrosion Inhibition

  • Demulsifying

  • Scale Inhibition

  • Others

• End-use Outlook (Revenue, USD Million, 2017 - 2030)

  • Oil & Gas

  • Energy & Power

  • Fertilizer

  • Chemical & Petrochemical

  • Water Supply & Water Treatment

  • Pharmaceutical

  • Other

• Regional Outlook (Revenue, USD Million, 2017 - 2030)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • U.K.

    • Germany

    • France

    • Italy

    • Spain

  • Asia Pacific

    • China

    • India

    • Japan

    • Australia

    • South Korea

  • Central & South America

    • Brazil

    • Argentina

  • Middle East & Africa

    • South Africa

    • UAE