Global Asphaltene and Paraffin Inhibitors Market Competitive Environment Analysis

6 min read

Updated on 11/26/2024

1. Sales Quantity Analysis of Key Manufacturers in the Global Asphaltene and Paraffin Inhibitors Market

BASF as the leading player in the global asphaltene and paraffin inhibitors market, with sales escalating from 36.8 K Tons in 2018 to an impressive 42.7 K Tons by 2023. Schlumberger Limited is a close second, expanding its sales from 23.8 K Tons to 27.6 K Tons over the same timeframe. Evonik also demonstrates a commendable growth trajectory, increasing its sales from 21.2 K Tons to 24.5 K Tons. Baker Hughes and Dow are other significant players, with Baker Hughes advancing from 16.2 K Tons to 19.9 K Tons and Dow showing a consistent rise from 12.2 K Tons to 13.5 K Tons. These frontrunners are pivotal in shaping the industry’s landscape, contributing to the overall expansion of the asphaltene and paraffin inhibitors market.

Table Global Top Asphaltene and Paraffin Inhibitors Manufacturers by Sales (K Tons) (2018-2023)

	2018	2019	2020	2021	2022	2023
BASF	36.8	38.3	35.0	37.4	39.8	42.7
Schlumberger Limited	23.8	25.1	23.1	24.8	26.1	27.6
Evonik	21.2	22.4	20.4	21.6	22.6	24.5
Baker Hughes	16.2	16.9	15.8	16.9	18.2	19.9
Dow	12.2	12.6	11.1	12.0	12.7	13.5
Halliburton	9.2	9.8	8.8	9.5	9.8	10.3
Clariant	7.4	7.8	7.3	7.8	8.3	8.9
Innospec	4.9	5.0	4.5	4.9	5.3	5.7
Dorf Ketal	3.8	4.0	3.7	3.9	4.2	4.5
EMEC	3.1	3.3	3.1	3.2	3.4	3.5
Kosta Tech	1.0	1.1	1.0	1.1	1.1	1.2
AES Arabia	0.8	0.8	0.7	0.8	0.8	0.9
Roemex Limited	0.5	0.5	0.5	0.5	0.5	0.6
Others	111.3	118.4	111.5	115.2	120.0	126.7
Total	252.2	266.2	246.4	259.4	272.8	290.7

2. Revenue Analysis of Key Manufacturers in the Global Asphaltene and Paraffin Inhibitors Market

From 2018 to 2023, the leading manufacturers in the asphaltene and paraffin inhibitors market experienced steady revenue growth. The top performers in terms of revenue increase were BASF, Schlumberger Limited, and Evonik, with BASF leading the pack with the highest revenue figures. Despite the overall upward trend, the market encountered significant fluctuations in 2020, resulting in a temporary decline in revenue for that year. Overall, the market size expanded from $682.93 million in 2018 to $812.06 million in 2023, with the top five manufacturers accounting for more than 40% of the total revenue.

Table Global Top Asphaltene and Paraffin Inhibitors Manufacturers by Revenue (M USD) (2018-2023)

	2018	2019	2020	2021	2022	2023
BASF	107.72	109.64	96.17	110.63	123.76	128.00
Schlumberger Limited	62.17	63.42	57.45	67.16	74.51	77.79
Evonik	59.05	59.47	52.46	60.32	66.12	69.83
Baker Hughes	43.89	45.26	40.26	46.78	53.25	56.26
Dow	31.98	32.03	27.28	31.69	35.41	37.21
Halliburton	23.39	24.43	21.05	24.88	27.05	27.89
Clariant	21.30	21.62	19.67	22.83	25.67	27.01
Innospec	13.06	13.18	11.12	13.10	14.85	15.44
Dorf Ketal	10.58	10.59	9.61	10.90	12.12	13.25
EMEC	7.93	8.19	7.39	8.46	9.27	9.58
Kosta Tech	2.50	2.57	2.28	2.72	3.05	3.13
AES Arabia	1.92	1.99	1.72	2.01	2.21	2.27
Roemex Limited	1.30	1.33	1.19	1.38	1.57	1.62
Others	296.14	309.50	284.34	313.80	336.30	342.79
Total	682.93	703.21	632.02	716.66	785.14	812.06

3. Average Price Analysis of Key Manufacturers in the Global Asphaltene and Paraffin Inhibitors Market

The global sales price for asphaltene and paraffin inhibitors showed variability among manufacturers, with some experiencing price declines in 2020, such as Schlumberger Limited and Dow. However, an overall upward trend is evident, particularly for manufacturers like Schlumberger Limited and Dorf Ketal, which ended 2023 with notably higher prices than 2018. The average total price per ton increased from $2707 in 2018 to $2794 in 2023, indicating a growing market value for these inhibitors.

Table Global Asphaltene and Paraffin Inhibitors Sales Price (USD/Ton) by Manufacturers

	2018	2019	2020	2021	2022	2023
BASF	2925	2862	2752	2961	3113	2998
Schlumberger Limited	2614	2525	2483	2713	2858	2815
Evonik	2780	2653	2572	2797	2928	2849
Baker Hughes	2702	2671	2542	2776	2926	2826
Dow	2618	2535	2462	2652	2783	2751
Halliburton	2554	2480	2400	2632	2751	2695
Clariant	2865	2764	2711	2925	3078	3020
Innospec	2684	2615	2468	2675	2805	2694
Dorf Ketal	2789	2680	2604	2775	2913	2973
EMEC	2531	2493	2412	2622	2765	2725
Kosta Tech	2472	2435	2365	2582	2705	2619
AES Arabia	2534	2471	2304	2493	2628	2554
Roemex Limited	2590	2501	2488	2665	2864	2774
Others	2661	2614	2550	2725	2803	2705
Total	2707	2642	2565	2763	2878	2794

The top three companies by asphaltene and paraffin inhibitors revenue in 2022 held a significant market share, accounting for 33.67% of the total revenue. This indicates a concentrated market where a few leading players have a substantial impact on the industry dynamics. The ‘others’ companies account for the majority of the market, with a revenue share of 66.33%.

Figure Global Top 3 Companies by Asphaltene and Paraffin Inhibitors Revenue (M USD) in 2022

5. Global Asphaltene and Paraffin Inhibitors Market by Company Type (Tier 1, Tier 2, and Tier 3)

At present, the Asphaltene and Paraffin Inhibitors players have formed a competition form between the first tier and the second tier and the third tier.

Note: the 3 tiers of companies are defined based on their revenue in Asphaltene and Paraffin Inhibitors as of 2022. Tier 1=> US$ 50.00 million, Tier 2= US$ 10.00 million to US$ 50.00 million, and Tier 3=< US$ 10.00 million.

Table Global Asphaltene and Paraffin Inhibitors by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Asphaltene and Paraffin Inhibitors as of 2022)

	2022	Company Type
BASF	123.76	Tier 1
Schlumberger Limited	74.51	Tier 1
Evonik	66.12	Tier 1
Baker Hughes	53.25	Tier 1
Dow	35.41	Tier 2
Halliburton	27.05	Tier 2
Clariant	25.67	Tier 2
Innospec	14.85	Tier 2
Dorf Ketal	12.12	Tier 2
EMEC	9.27	Tier 3
Kosta Tech	3.05	Tier 3
AES Arabia	2.21	Tier 3
Roemex Limited	1.57	Tier 3
Others	336.30	Tier 3

6. Manufacturers Market Concentration Ratio (CR5 and HHI)

The standard tools of competition economists and competition authorities to measure market concentration are the Herfindahl-Hirschman Index (HHI) and the concentration ratios (CR(n)).

The Herfindahl-Hirschman Index (HHI) is a common measure of market concentration that is used to determine market competitiveness. The Herfindahl-Hirschman Index (HHI) is a commonly accepted measure of market concentration. It is calculated by squaring the market share of each firm competing in a market and then summing the resulting numbers. It can range from close to zero to 10,000.

The concentration ratio is the percentage of market share owned by the largest n firms in an industry, where n is a specified number of firms. In this report, we present the CR5, means the market share of the five largest firms.

Below table details the market concentration ratio in the past three years. The top five manufacturers held 44.97% of the market, in terms of Asphaltene and Paraffin Inhibitors revenue in 2022.

Table Asphaltene and Paraffin Inhibitors Market Concentration Rate (2018-2023) (CR5 and HHI)

	2018	2019	2020	2021	2022	2023
BASF	15.77%	15.59%	15.22%	15.44%	15.76%	15.76%
Schlumberger Limited	9.10%	9.02%	9.09%	9.37%	9.49%	9.58%
Evonik	8.65%	8.46%	8.30%	8.42%	8.42%	8.60%
Baker Hughes	6.43%	6.44%	6.37%	6.53%	6.78%	6.93%
Dow	4.68%	4.55%	4.32%	4.42%	4.51%	4.58%
CR5	44.63%	44.06%	43.29%	44.17%	44.97%	45.45%
HHI	0.0470	0.0458	0.0442	0.0459	0.0476	0.0483

7. BASF

7.1 BASF Details

Table BASF Basic Information, Manufacturing Base

	Item	Description
1	Company Name	BASF
2	Website	www.basf.com
3	Established Time	1865
4	Headquarters	Germany
5	Market Distribution	Worldwide

7.2 BASF Business Overview

BASF SE (BASF) is a chemical company. It carries out the production, marketing and sales of chemicals, plastics, crop protection products, and performance products. Its product line comprises solvents, adhesives, surfactant, fuel additives, electronic chemicals, pigments, paints, food additives, fungicides, and herbicides. The company serves a wide range of industries including construction, furniture and wood, agriculture, electronics and electrical, paints and coatings, automotive, home care, nutrition, chemicals and others. BASF carries out R&D in alliance with global customers, scientists and partners. The company operates through a network of manufacturing facilities across the world.

7.3 BASF Asphaltene and Paraffin Inhibitors Product Overview

Table Product Overview

Basoflux®

Basoflux® can prevent paraffin-induced plugging of pipelines and improve the rheological properties of highly viscous, parafﬁnic crudes. They function as pour point depressants, wax inhibitors, and dispersants. Our products help to make your pipeline operations more effective, through avoiding pumping interruptions and reducing total costs.

7.4 BASF Asphaltene and Paraffin Inhibitors Sales, Price, Revenue, Gross Margin

Over the period from 2018 to 2023, BASF’s sales of asphaltene and paraffin inhibitors exhibited minor fluctuations, with a general increase in sales volume, reaching 42.7 K Tons in 2023. The price per ton experienced a dip in 2020 but recovered in subsequent years, and revenue followed a similar pattern, peaking at $128 million in 2023. BASF maintained a relatively stable gross margin throughout, averaging around 27.57% to 28.00%, demonstrating consistent profitability.

Table BASF Asphaltene and Paraffin Inhibitors Sales, Price, Revenue, Gross Margin (2018-2023)

BASF	2018	2019	2020	2021	2022	2023
Sales (K Tons)	36.8	38.3	35.0	37.4	39.8	42.7
Price (USD/Ton)	2925	2862	2752	2961	3113	2998
Revenue (M USD)	107.72	109.64	96.17	110.63	123.76	128.00
Gross (M USD)	29.70	30.54	25.95	30.20	34.53	35.84
Gross Margin	27.57%	27.86%	26.99%	27.30%	27.90%	28.00%

The growth rate from 2018 to 2019 was a positive 4.02%, but it declined to -8.75% in 2020. The market achieved strong growth after 2021 and continued to increase steadily.

Figure BASF Sales and Growth Rate

BASF’s revenue and market share from 2018 to 2023 showed fluctuations, with revenue decreasing in 2020 but recovering in subsequent years, and market share stabilizing around 15.76% by 2022 and 2023.