Demulsifiers are chemical intermediates added to formulations to aid the demulsification of water in oil. It prevents formations of oil emulsions due to lowered mechanical strength of blends and mixtures. The global demulsifier market report by Market Research Future (MRFR) identifies key applications and new opportunities for the period of 2022 to 2030 (forecast period). It even takes into view the impact of COVID-19 and its aftermath on the supply and value chain.
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Market Scope
The global demulsifier market can reach a stupendous valuation over the forecast period owing to its application in crude oil, sludge oil treatment, petroleum refineries, oil based plants, lubricant manufacturing, and others. Massive demand for fuel efficient vehicles, rapid propagation of industrialization, and increased expenditure on research and development are key drivers of the market. Increasing prices of crude oil and efforts for its extraction can be a suitable opportunity for the market. Rapid urbanization and a sharp rise in per capita income levels of customers can bode well for the market. The demand for automotive lubricants and the setup of power plants to meet the energy demand of the growing population can bolster the overall market demand.
However, strict regulations on the production of demulsifiers due to its toxic nature can pose a challenge to the market. But development of green demulsifiers can turn the fortunes of the market in the coming years.
Segmentation
The global demulsifier market has been segmented by type and application.
On the basis of type, the market is bifurcated into oil soluble and water soluble.
On the basis of application, the demulsifier Market is categorized into crude oil, sludge oil treatment, oil based power plants, petro refineries, lubricant manufacturing, and others. Crude oil held close to 35% share of the market in 2016.
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Regional Analysis
Americas, Europe, Asia Pacific (APAC), and the Middle East & Africa (MEA) are regions taken into consideration with respect to the global demulsifier market.
The MEA region is predicted to exhibit the highest growth rate during the forecast period due to the presence of the oil & gas industry. Adoption of demulsifiers in Saudi Arabia, Kuwait, Iran, Iraq, and the United Arab Emirates by crude oil producers can fuel the market growth. Large amount of oil gas reserves can induce the demand in the market.
North America is the second-largest region in the global demulsifier market owing to the increasing production capacity of oil refineries, economic growth rate of countries, and large potential. The U.S. is one of the biggest revenue generators followed by Canada in the region.
Europe follows North America in rankings in the market and driven by presence of major automobile manufacturers in Germany. Italy, France, Spain, U.K., and Russia can contribute to the regional market. Increasing investments in R&D to fuel innovation and the rise in spending power of consumers can influence the market demand greatly.
Latin America is projected to witness substantial growth owing to increasing spending on cars as well as latest technologies. Lastly, APAC is estimated to exhibit a superb growth rate due to the demand for synthetic lubricants.
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Competition Outlook
Croda International Plc, Clariant, The Dow Chemical Company, Halliburton, Baker Hughes Incorporated, Ecolab, Schlumberger Limited, BASF SE, Momentive, Akzo Nobel N.V., and others are key players of the global demulsifier market.
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