Demulsifier Market Size 2023-2030 Global Industrial Analysis, Market Share, Top Key Players

Demulsifier Market

According to the report published by Zion Market Research, the global Demulsifier Market size was valued at USD 2,405.65 Million in 2022 and is predicted to reach USD 3,800.56 Million by the end of 2030. The market is expected to grow with a CAGR of 5.88% during the forecast period. The report analyzes the global Demulsifier Market’s growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Demulsifier Market industry.

Global Demulsifier Market: Overview

Demulsifiers are specialty chemicals that are been extensively used to isolate emulsions such as water in oil. They are also known as emulsion breakers. During production processes, demulsifiers offer a wide range of applications in the field of crude oil processing, oil-based power plants, and petroleum refineries as they are widely used in the process of separation of emulsified water from crude oil. Demulsification is done before the refining of crude oil. It is a vital process carried out to remove salt and water in the emulsion.

Global Demulsifier Market: Growth Factors

The global demulsifier market is growing at a progressive rate owing to rise in crude oil production around the world. The rising requirements are propelling the production of crude oil around the world which in turn is driving the market growth of demulsifiers. Further, factors that are fueling the growth of the global market include increasing oil & gas mining activities with the shale gas revolution and growing demulsifier application in lubricant manufacturing. Also, the demand for demulsifiers has been triggered by the rapid growth of the automobile industry in emerging economies including China, India, Brazil, and Mexico over the last decade.

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Further, the rapidly growing oil & gas industry and increasing demand for oil-related derivatives contribute to the growth of the demulsifier market. In order to meet the energy requirements of an ever-growing population, rapid industrialization along with the increasing number of power plants is expected to boost the market. In addition, the rapid depletion of crude oil reserves has prompted companies to undertake new exploration projects to meet the growing demand which is equally contributing to the market growth. Furthermore, environmental-friendly chemicals produced from green demulsifiers are becoming increasingly popular and may generate beneficial opportunities for the global demulsifier market during the forecast period. However, the stringent government and environmental regulations on the use of toxic chemicals in processing may limit the growth of the global demulsifier market.

The global COVID-19 pandemic has largely impacted the economic conditions of various industries across the globe. This sudden outbreak of coronavirus and nationwide lockdown had negatively impacted the crude oil & petroleum refining industry. This sudden impact has resulted in a structural decline in the fossil fuel industry, oil prices, and a halt in production activities. Oil and gas exploration projects are majorly dependent on foreign merchants for an effective supply of types of machinery. However, halt in production units and restriction of transportation along with disrupted the supply chain continue to impact during the COVID-19 outbreak. On the other side, the advancement in a vaccine, along with the stringency in permission for production activities with a limited workforce and other legal restrictions is expected to sustain the market growth at the end by 2021.

Global Demulsifier Market: Segmentation

The global demulsifier market is divided based on product, application, and region. Based on product, the global demulsifier market is split into oil-soluble demulsifiers and water-soluble demulsifiers. The application segment is bifurcated into sludge treatment, lubricant manufacturing, petroleum refineries, crude oil, oil-based power plant, and others.

Global Demulsifier Market: Regional Analysis

Geographically, the Middle East is anticipated to hold the highest share in the global demulsifier market and is expected to continue its dominance over the forecast period. Increasing demand from oil production units and the presence of large oil-producing companies in countries like Iran, Iraq, Kuwait, Saudi Arabia, and the UAE are boosting the growth of the market in this region. On the other hand, the North America region is expected to grow at a faster pace and is expected to offer new growth opportunities for demulsifier market growth. Some of the factors that are propelling the growth of the market in this region include growing oil & gas exploration activities coupled with the recent encounter of shale gas reserves in the United States.

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Global Demulsifier Market: Competitive Players

The global demulsifier market is highly competitive owing to the presence of leading international key players in the market.

The DOW Chemical Company
Ecolab Inc
Croda International PLC
Innospec Inc.
Dorf Ketal Chemicals
BASF SE
Baker Hughes Incorporated
Halliburton Company
Momentive Performance Materials
Huntsman Corporation
SI Group
Aurora chemicals

are some of the dominant players that are functioning in the global demulsifier market. The leading players operating in the market are focusing on product enhancement and facilitate other effective strategies to gain a competitive edge in the market. A short residence period can make the demulsification process very time-sensitive. In line with this, major players in the market maintain a steady stock of a wide variety of demulsifiers made from different chemicals in order to offer a tailor-made customer-driven high-performance solution. Further, increasing investment in technological innovation and product development to offer technologically advanced products help key players to strengthen their position in the market.