New York, United States, Mon, 31 Jul 2023 06:40:40 / Comserve Inc. / -- The global demulsifier market is anticipated to grow with a CAGR of ~4% during the forecast period, i.e., 2023-2035.
Research Nester published a report titled “Demulsifier Market: Global Demand Analysis & Opportunity Outlook 2035” which delivers detailed overview of the global demulsifier market in terms of market segmentation by chemical type, product type, application and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
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The global demulsifier market is anticipated to grow with a CAGR of ~4% during the forecast period, i.e., 2023-2035. The market is segmented by product type into water and oil soluble. Among these, the water soluble segment is expected to grow at the fastest rate during the forecast period on account of studies focusing on the application of water-soluble demulsifiers. It is observed that demulsification improves when demulsifier concentration, salt concentration, and temperature are increased to 81 °C and pH values are kept between 6 to 9. Moreover, properties found in water-soluble demulsifier such as, non-toxic, non-hazardous, and non-inslammatory are very useful to improve the quality of fuel. Therefore, such demand is expected to influence the growth of the segment positively over the forecast period.
The global demulsifier market is estimated to generate significant revenue by the end of 2035. Increasing production of crude oil, rising sales of petroleum products, and rapid industrialization coupled with the expansion of power plants and oil & gas industry are some of the major factors anticipated to drive the growth of the market during the forecast period. Based on the data released by the U.S. Energy Information Administration (EIA), it was stated that 95.62 million barrels of crude oil were produced per day in 2021 across the globe which is further projected to reach 100.33 million barrels per day in 2023.
Geographically, the global demulsifier market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Out of these region, the market in Middle East & Africa is projected to produce modest revenue by the end of 2035 on the back of large number of oil and gas industries in the region. Moreover, demand for demulsifiers is rising exponentially in countries such as Saudi Arabia, UAE, Kuwait, Iraq, and South Africa owing to the increasing crude oil production in the region. It was observed that crude oil production in Saudi Arabia rose from 8,500 thousand barrels per day (b/d) in May 2021 to 10,400 thousand b/d in April 2023, increasing by 1.80% a year.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
Globally Increasing Exports of Lubricants to Drive Market Growth
According to the International Trade Center (Trademap) statistics, in 2021 global exports of lubricants totaled USD 720,173,067, an increase from USD 479,998,020 from the previous year.
The use of demulsifiers in the production of lubricants is widespread. During the past few years, exports of lubricants have significantly increased. Also, growing automobile production and sales have increased lubricant consumption, which is expected to boost demand for demulsifiers during the forecast period.
However, environmental restrictions on chemical demulsifier along with slowdown in production activities due to the COVID-19 pandemic are expected to operate as key restraint to the growth of the global demulsifier market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global demulsifier market which includes company profiling of BASF SE, Clariant Ltd., Nouryon Chemicals Holding B.V., Siltech Corporation, Innospec Inc., Schlumberger Limited, Baker Hughes Company, The Dow Chemical Company, Amines & Plasticizers Limited, Hexion Inc., and NuGeneration Technologies, The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global demulsifier market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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