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

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

Chemical Injection Skids Market Growth & Trends

The global chemical injection skids market size is anticipated to reach USD 2.38 billion by 2030, according to a new report by Grand View Research, Inc. expanding at a CAGR of 3.7% from 2022 to 2030. The adoption of chemical injection skids in the wastewater industry, coupled with quick investments and development in the oil & gas industry is expected to drive the market demand.

Chemical injection skids are utilized for the inhibition of gasoline as well as the injection of water treatment chemicals to treat the wastewater produced. In order to assist in the coagulation of solids, coagulant dosage is also carried out utilizing chemical injection skids. These aforementioned factors are projected to drive product demand in the wastewater industry. The Deputy Under Secretary for Rural Development for the U.S. Department of Agriculture (USDA), Bette Brand, invested USD 281 million on 106 projects in 2020 to upgrade the wastewater infrastructure in rural areas. Thus, the market for chemical injection skids is driven by an increase in the onsite reuse of water by various sectors.

In the chemical sector, these products are frequently used to inject a variety of chemicals, including amines (to remove sour gas), hydrochloric acid (for descaling), corrosion inhibitor chemicals, caustic soda (for high-pressure cleaning), and many more. This is driving product demand in the chemical industry.

The market expansion is driven by ongoing investments and developments in end-use industries such as wastewater treatment, pharmaceuticals, oil & gas. For instance, the World Bank estimated that between 2009 and 2020, global spending on wastewater projects will surpass USD 26 billion, which will lead to market expansion.

Companies such as Milton Roy Company, Petronash, and SPX FLOW Inc. are undertaking strategic acquisitions, partnerships, and product launches to strengthen their product portfolio. For instance, in March 2022, Atlas Copco acquired Geveke B.V. and its subsidiaries & LEWA GmbH and subsidiaries for a value of USD 696.8 with an aim to enhance its product portfolio. Geveke is a distributor of compressors and process pump installations and LEWA is a notable manufacturer of process pumps, diaphragm metering pumps, and complete metering systems.

Chemical Injection Skids Market Report Highlights

• The corrosion inhibition segment dominated the market and accounted for 28.6% of the global market share in 2021, owing to the high demand for chemical injection skids in various industrial applications to prevent corrosion
• The oil & gas segment dominated the market and accounted for 21.9% of the global market share in 2021. Chemical injection skids are used to inject specialty chemicals into the produced oil & gas flow in order to decrease foaming and prevent corrosion
• The water supply and water treatment segment is expected to witness strong growth during the forecast period, attributed to the growing need for water treatment facilities to cater to the need of the rising population
• Asia Pacific is estimated to witness a CAGR of 4.3% during the forecast period owing, to the rapid development in the industrial sector with the rising foreign investments and increasing manufacturing & processing facilities that need chemical injection skid
• The market is competitive in nature due to the presence of multinationals operating in the industry. It is characterized by the presence of a significant consumer base with the companies operating their business through dedicated distribution networks