Global demulsifier market is projected to record stellar growth over 2021-2027 due to the high production of crude oil worldwide as a result of the rising demand for oil and related derivatives. Demulsifiers, also known as emulsion breakers, form a class of specialty chemicals that are used to separate emulsions. They are usually used in the processing of crude oil, which is typically produced along with significant quantities of saline water.
Ongoing research and development activities in the space to cater to the customized requirements of consumers would further propel the market demand. For instance, the research team at the Ningbo Institute of Materials Technology and Engineering (NIMTE) designed a novel magnetic demulsifier with desert beetle-inspired microstructures.
However, the introduction of stringent environmental regulations on the use of chemical demulsifiers is anticipated to hamper the growth of global demulsifier market. Nevertheless, the discovery of new oilfields, demand for green demulsifiers, and an increase in the aging reservoirs are anticipated to offer lucrative opportunities to the market players.
Based on the type, water-soluble demulsifiers are gaining significant proceeds in the overall market. This can be ascribed to the product’s ability to easily mix with emulsion and initiate the braking process. Besides, factors like non-hazardous, non-toxic, and inflammatory properties, economic pricing, no requirement of safety procedures for material handling, and easy removal of salt in crude oil, are poised to support the segmental growth through 2027. Furthermore, the increasing research regarding the use of water-soluble polymer demulsifiers would complement the market progression.
Demulsifiers are being extensively used for oil sludge treatment in oil recovery process from petroleum sludge, wherein the water is separated from oil. The oil sludge resourceful treatment process boasts the ability to reduce the moisture content of oily sludge from 80%-98% to nearly 50%. This can further recycle most crude oil in the sludge while greatly reducing the difficulty of sludge follow-up treatment. Additionally, in cold regions, freeze treatment is generally employed as an effective demulsification process for petroleum sludge.
Regionally, Middle East and Africa demulsifier market is poised to record considerable growth over the forecast period. This can be ascribed to the rising crude oil production in different countries like Saudi Arabia, UAE, and South Africa. As per reliable estimates, Saudi Arabia production of crude oil as of July 2021, was nearly 9,474 thousand barrels per day. This has produced significant demand for demulsifiers in the country. Moreover, ongoing onshore and offshore oil drilling activities in various MEA economies would further escalate the demand for demulsifiers, stimulating the market growth through 2027.
Prominent companies operating in the global demulsifier industry space are BASF S.E., AkzoNobel N.V., The Dow Chemical Company (Dow Inc.), Croda International, Baker Hughes Inc., Clariant AG, and Clariant AG.
These players have been engaged in vivid marketing strategies like acquisitions, mergers, product launches, facility expansion, and more to consolidate their positions in the global market.
The coronavirus pandemic has had a severe impact on various businesses and industries globally. The demulsifier market is no exception to this. The downfall in product demand can be reasoned to the decline in oil and gas production activities worldwide, owing to the movement restrictions, temporary halt in production activities across the industry in lieu of the pandemic spread.