Market
Overview:
Demulsifier
is an active chemical used to separate emulsified water from crude oil during
manufacturing processes. During oil exploration and production activities crude
oil is produced in the oil in water form. Demulsifier is primarily remove
significant quantities of saline water in order to prevent corrosion. They are
classified as oil soluble demulsifier and water soluble demulsifier and find
wide application scope in oil based power plants, petro refineries, lubricant
manufacturing, crude oil, and sludge oil treatment.
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Some of
the prominent factors that positively influence the growth of demulsifier market
are increasing crude oil production, rising demand for lubricant, and
increasing urbanization. Increasing urbanization along with rising per capita
disposable income in developed and emerging economies are predicted to drive
the growth of the market over the forecast period, 2017 to 2023. High adoption
rate along with the increasing number of power plants to meet the energy for
the ever-growing population. Moreover, continuous expansion of automotive
sector as well as shifting manufacturers focus towards cost effective vehicles
are estimated to fuel the growth of the market during the review period, 2017
to 2023. However, growing environmental concern regarding the toxic effect of
chemicals used in demulsifier along with the implementation of strict
regulations are predicted to hinder the market growth over the assessment
period, 2017 to 2023.
Competitive analysis
·
BASF SE
·
Ecolab
·
The Dow
Chemical Company
·
Akzo Nobel
N.V.
·
Clariant
·
Baker Hughes
Incorporated
·
Schlumberger
Limited
·
Halliburton
·
Croda
International Plc
·
Momentive
Market Segmentation
The global
Demulsifier
Market is segmented into types, application, and regions. On the basis
of type, the market is classified into oil soluble and water soluble. The oil
soluble segment is predicted to lead the demulsifier market over the forecast
period on account of wide utilization of oil soluble demulsifier across the
globe. On the basis of application, the market is categorized into crude oil,
sludge oil treatment, oil based power plants, petro refineries, lubricant
manufacturing. Among these application, crude oil is expected to grow with the
highest CAGR on account of rising demand for oil and oil-derivatives, resulting
in high production of crude oil globally. Moreover, the global production of
crude oil is increasing, as various nations are focusing more on extracting oil
from new as well as unconventional reserves. As of 2016, crude oil segment
accounted for the largest market share and is predicted to continue its
dominance over the assessment period. Additionally, growth of automotive sector
and expansion of refineries across the globe is estimated to fuel the demand
for demulsifier.
Regional
Analysis
The Middle East & Africa is estimated to be the
largest demulsifier market followed by North America and Europe due to strong
existence of crude oil reserves. In Europe, Germany, Russia, and Spain are
predicted to register a strong growth on account of tremendous demand for
demulsifier in lubricant manufacturing. In Asia Pacific, countries such as
China, India, and South Korea are the fastest growing market for demulsifier,
and is estimated to grow with the same pace over the forecast period. Improving
living standards along with the flourishing growth of sludge oil treatment
sector is predicted to contribute to the regional market growth. In North
America, U.S and Mexico are among the major contributors in the regional market
growth due to expansion of offshore and onshore activities as well as
increasing innovations. In South America, Mexico is expected to register strong
growth due to robust presence of automobile manufacturers.
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