Market Insights:
The global demulsifier market 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.
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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.
Segmental Analysis:
The global demulsifier market has been segmented on the basis of
application and type.
By mode of type, the global demulsifier market 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 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.
Competitive Dashboard
·
Croda
International Plc
·
Akzo
Nobel N.V.
·
Momentive
·
Clariant
·
Baker
Hughes Incorporated
·
The
Dow Chemical Company
·
Schlumberger
Limited
·
BASF
SE
·
Ecolab
·
Halliburton
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 to produce jet fuel.
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Regional Insights
Geographically, the demulsifier market 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.
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