The Global Market for Asphaltene and Paraffin Inhibitors is Projected to Reach US$947 Million by 2022
Exploration of New Oil Wells and Opportunities in Offshore Deepwater Drilling Drive Demand for Asphaltene and Paraffin Inhibitors, According to a New Report by Global Industry Analysts, Inc. GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Asphaltene and Paraffin Inhibitors markets. The global market for Asphaltene and Paraffin Inhibitors is projected to reach US$947 million by 2022 , driven by growing investments on new exploration projects in offshore & deepwater environments, development of new oil & gas wells, and ongoing efforts to increase production in existing wells. Asphaltene and paraffin inhibitors find widespread use in oil exploration and processing activities. Asphaltenes (or tars) are naturally occurring molecules in crude oil, which possess high molecular weight and limited solubility in crude oil. Paraffins (or waxes) are naturally occurring saturated hydrocarbon mo...