The Middle East Antiscalant Market is expected to witness around 6% CAGR during 2021-26. The Middle East is the world's most water-stressed region, where the need for desalination for daily water requirements is increasing dramatically. This significant surge in the desalination plants is fueling the demand for antiscalants across the Middle East and, in turn, driving the market.
The reverse osmosis process of water treatment encourages the need for antiscalants. The presence of unwanted salts & minerals in feedwater leads to scale formation. Antiscalants help reduce it to ensure maximum cleaning efficiency and thus increase the life of RO systems. Due to this advantage, antiscalants have gained immense popularity across several sectors ranging from water treatment & chemical industry to oil & field and power generation.
Moreover, surging R&D activities in the antiscalant industry to improve product offerings are expected to offer lucrative growth opportunities to the market. However, rising environmental concerns regarding the utilization of chemicals might act as growth restraints to the Antiscalants Market in the Middle East, further states the research report, “Middle East Antiscalant Market Analysis, 2021.”
Key questions answered in the study
Oil & Gas Industry to Dominate the Middle East Antiscalant Market through 2026
79.4% of the global oil reserves are present in OPEC member countries, and the Middle East has around 64.5% of that. Antiscalants are amongst the most crucial chemicals used in the oil & gas sector, right from the extraction process of the crude oil from the oil well to its transportation & refining.
Here, the scale formation can interfere with the fluid flow from pipes or valves used during oil refining & production. Thus, with the rapid expansion of the oil & gas industry, the demand for antiscalants is also expected to increase significantly to minimize the scale formation in valves or pipes.
With Increasing Number of Desalination Plants, Saudi Arabia Captured the Largest Market Share
Amongst all Middle Eastern countries, Saudi Arabia dominated the antiscalant market in recent years. It owes to the rapidly depleting renewable sources and the rapidly surging number of desalination plants in the country. Besides, the rising government focus on the non-oil sectors like the chemical industry is another crucial aspect projected to boost the demand for Antiscalants in the coming years.
Moreover, various initiatives by the Saudi government toward preserving groundwater, leading to the booming need for water treatment plants and, in turn, for antiscalants, is another crucial aspect fueling the overall market growth in the country, reveals MarkNtel Advisors in their research report, “Middle East Antiscalant Market Analysis, 2021.”
According to MarkNtel Advisors, the leading players in the Middle East Antiscalant Market are Nalco, Biolab, Veolia, Metito, Wetico, American Engineering Services (AES), Rawabi Chemicals, Fouz Chemical, DUBI Chem, Reza Industrial, Avista, BASF, BWA Water Additives, Kemira, General Electric (Lenntech), Solvay.