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 Industry 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
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 Industry 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 Industry 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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