Global Chemical Injection Skids Market Report and Forecast 2024-2032

Global Chemical Injection Skids Market Outlook

The global chemical injection skids market size attained a value of approximately USD 1.85 billion in 2023. The market is further projected to grow at a CAGR of 3.4% in the forecast period of 2024-2032, reaching a value of around USD 2.50 billion by 2032.

Key Trends in the Market

Chemical injection skids are specialised equipment that are used to inject chemicals in controlled pressures into systems. The process of chemical injection may take place continuously or intermittently, depending upon the needs of the application. Usage of chemical injection skids aids in improving efficiency, increasing production, reducing corrosion, and overall enhancing processes in industrial applications.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

• Surging demand for oil and gas industry by products and extensive usage of chemical injection skids in the sector are driving the chemical injection skids market growth. Applications of chemical injection skids in the oil and gas sector include well stimulation, scale prevention, and corrosion inhibition.

• Increasing population globally and limited supplies of clean and drinkable water are leading to a heightened demand for chemical injection skids in water supply and water treatment. Chemicals for water treatment, water softening, and disinfection can be injected into water treatment systems through chemical injection skids.

• Rising popularity of modular chemical injection skids and automation integration are further bolstering the chemical injection skids market demand. Modular chemical injection skids offer greater flexibility and ease of installation while integration of chemical injection skids with automation streamlines processes for greater efficiency and reduced errors.

Market Analysis

Based on function, the market is divided into antifoaming, corrosion inhibition, demulsifying, and inhibition, among others. On the basis of end-use, the chemical injection skids market segmentation is oil and gas, energy and power, fertiliser, chemical and petrochemical, water supply and water treatment, and pharmaceutical, among others. The regional markets for chemical injection skids are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the chemical injection skids global market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.

• LEWA GmbH

• Petroserve International

• Petronash

• SPX FLOW, Inc.

• INTECH Process Automation Inc. 

• Milton Roy Company

• Carotek, Inc

• Petrak Industries, Inc. 

• Inrada O.G.R.S. B.V.

• Smartcorr Systems Inc. 

• Others

Market Share by Function

Corrosion inhibition accounts for a sizable portion of the chemical injection skids market share by function, driven by the growing importance of protecting equipment from the potential damage caused by corrosion. Various factors can cause corrosion, such as exposure to moisture, heat, and chemicals, leading to poor performance of equipment and higher risk of contamination and seepage. Chemical solvents known as corrosion inhibitors are injected through chemical injection skids into process streams, thereby preventing corrosion from taking place. Due to the increasing risks of corrosion across numerous industries and low costs of corrosion inhibitors, the demand for corrosion inhibition in the chemical injection skids market is anticipated to increase further in the coming years.

Market Share by Region

The Asia Pacific is anticipated to witness a rapidly growing share in the global market for chemical injection skids. This can be attributed to the increasing industrialisation in the region, development of manufacturing hubs, and increasing population. In countries such as China and India, large populations are leading to a heightened demand for water supply and water treatment, pharmaceuticals, oil and gas, and fertilisers. Increasing investments by governments in the region and growing demand for energy and power are expected to surge the demand for chemical injection skids in the region. Expansion of key market players in the Asia Pacific would further aid regional growth of the chemical injection skids market by improving supply chains and accessibility.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Competitive Landscape

LEWA GmbH is a leading manufacturer or process pumps, diaphragm metering pumps, and complete metering systems with headquarters in Leonberg, Germany. Founded in 1952, the company caters to a wide range of end users, including oil and gas, refineries, petrochemicals, chemical industry, plastics, and mining.

Petroserve International, established in 2015, is a global provider of engineering solutions for the energy industry. Currently based in Dubai in the United Arab Emirates, the company is a one-stop solution provider, providing products and support services for hydrocarbon processing facilities, including infrastructure and utilities.

Petronash, founded in 1974 and currently headquartered in Kuala Lampur, Malaysia, is a provider of engineering solutions for the oil and gas industry. Involved in the entire value chain of oil and gas operations, the company offers diesel, lubricants, asphalt, gasoline, kerosene, and aviation and motor fuels.

Other market players include SPX FLOW, Inc., INTECH Process Automation Inc., Milton Roy Company, Carotek, Inc, Petrak Industries, Inc., Inrada O.G.R.S. B.V., and Smartcorr Systems Inc., among others.

Key Highlights of the Report