Market Synopsis
Market Research Future (MRFR)
asserts that the global Demulsifier Market Size is slated to experience a
sturdy growth rate during the forecast period (2017-2023) owing to the
increased production of crude oil. Demulsifier is referred to as an active
chemical which is generally used to separate the emulsified water from the
crude oil during the manufacturing process. They are chemical intermediates
which are formulated into blends and are applied into the fields in order to
minimize the interfacial tension between water and hydrocarbon. Demulsifier
finds application in petrol refineries, oil-based power plants, crude oil,
lubricant manufacturing, and sludge oil treatment.
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Competitive Dashboard
The prominent players operating
in the Demulsifier Market Size comprises Croda International Plc (UK), Akzo
Nobel N.V. (the Netherlands), Momentive (U.S.), Clariant (Switzerland), Baker
Hughes Incorporated (U.S.), The Dow Chemical Company (U.S.), Schlumberger
Limited (U.S.), BASF SE (Germany), Ecolab (U.S.), Halliburton (U.S.), and
others.
Market Potential and Pitfalls
The global Demulsifier Market
Size is expanding at breakneck speed and is expected to steal the limelight in
the long run. Demulsifier allows the separation and of liquid phases which
offers improved quality of the separated carbon, thereby making them ideal for
applications like oil-based power plants, sludge oil treatment, petrol
refineries, lubricant manufacturing, crude oil, and others. The market’s course
is chiefly directed by the rapid industrialization, surging expenditure on
research activities, and burgeoning demand for fuel-efficient vehicles. The
demand for demulsifier is predicted to trigger owing to the developing oil and
gas sector. With the surging production of crude oil across the globe, the
market is anticipated to flourish. Moreover, the increased sales and production
of automobile coupled with the growing consumption of lubricants across the
globe are some do the top factors likely to benefit the market growth in the
long run. The high adoption rate of demulsifier and the rising number of power
plants in order to meet the energy for the expanding population worldwide has
further enabled the market to reach out to a wider range of audience.
Additionally, the constant expansion of the automotive sector coupled with the
shifting focus of the manufacturers towards cost-effective vehicles is
considered to intensify its demand over the appraisal period.
On the contrary, strict mandates
implemented by several government bodies due to environmental concern have
limited the use of toxic organic chemicals which are extensively used in the
production process of demulsifier. This is predicted to restrict the market
growth over the assessment period.
Global Demulsifier Market Size: Segmental Analysis
The global Demulsifier Market
Size has been segmented on the basis of application and type.
By mode of type, the global Demulsifier
Market Size has been segmented into oil soluble and water soluble. Among these,
the oil-soluble segment is likely to lead the global market in the long run.
The growth is attributed to the high usage of oil-soluble demulsifier globally.
Oil soluble demulsifier is considered the most effective demulsifier in separating
water in crude oil and oil emulsion, thereby triggering its demand over the
years.
By mode of application, the
global Demulsifier
Market Size has been segmented into sludge oil treatment, crude oil,
petrol refineries, oil-based power plants, lubricant manufacturing, and others.
Among these, the crude oil segment is estimated to expand with the highest CAGR
owing to the surging demand for oil and its derivatives which has led to high
production of crude oil across the globe. Moreover, mature and aging oil
fields, offshore oil fields, and heavy oil consume a higher quantity of
demulsifier. This has further led to the increased use of crude oil throughout
the appraisal period.
Regional Insights
Geographically, the Demulsifier
Market Size span across regions namely, Asia Pacific, Latin America, Europe,
North America, and the Middle East & Africa.
Considering the global scenario,
the Middle East & Africa is predicted to expand at the highest CAGR over
the assessment period owing to the expanding oil and gas sector. Countries such
as Iraq, Iran, the United Arab Emirates, Saudi Arabia, and Kuwait are predicted
to contribute to the growth owing to the increased adoption rate of by the
producers of crude oil. Additionally, the presence of huge oil and gas reserves
is estimated to contribute to the market growth in this region.
The North American region is
expected to experience tremendous growth rate due to high consumption potential,
increased economic growth rate, and rising production capacities. The U.S is
likely to be a major contributor and is likely to occupy the largest regional
market share owing to the increased production of crude oil in this country.
The demand for demulsifier is
likely to increase in some of the European countries like Germany, Italy, UK,
Spain, Russia, and France. The growth is credited to the increased purchasing
power of the consumers coupled with the rising expenditure in innovation. With
the presence of major automobile manufacturers in Germany, the market in this
region is considered to flourish in the long run.
Industry Updates
November 15, 2018: A leader in
converting waste plastics into chemicals and fuels, Agilyx have recently
entered into a collaboration with Monroe Energy in order to produce
lower-carbon crude oil for the production of jet fuel.
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