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Demulsifier Market Size
Demulsifier Market is projected to expand at a significant rate from 2024 to 2032, driven by the dire need to destabilize and enable the coalescence of crude-oil emulsions. Of late, the demand for crude oil is skyrocketing as a result of the growing industrial burden and the surging residential and commercial energy needs worldwide. The constantly escalating global population across India, China, and the U.S. will play a prominent role in large-scale crude oil production, highlighting the importance of demulsifiers.
According to an International Energy Agency (IEA) report, the global oil demand was poised to grow by 1.9 million barrels per day in 2023, reaching over 101 million barrels per day, with most of the demand coming from China. Similar trends across leading developed and developing nations will force oil firms worldwide to ramp up production, subsequently contributing to the demand of demulsifiers. However, volatile crude oil prices, environmental concerns associated with demulsifier usage, and the complexity of oilfield processes may restrain the market expansion to some extent.
Demulsifier Market Trends
The increasing demand for eco-friendly demulsifiers to address environmental concerns will further drive the industry growth. Rapid advancements in nanotechnology for improved demulsification performance and the rising adoption of demulsifiers in enhanced oil recovery (EOR) processes is leading to the development of custom demulsification solutions. The growing shift towards bio-based demulsifiers is reflecting the strong commitment to sustainable practices and compliance with stringent environmental regulations. The rising exploration activities in unconventional oil & gas reserves will also escalate the product demand.
Demulsifier Market Analysis
Based on type, the industry share from water-soluble demulsifiers is set to record stellar growth by 2032 driven by numerous benefits. Water-soluble demulsifiers ensure highly effective braking processes through adequate compatibility with emulsions. These demulsifiers are economical as compared to other alternatives, as they are non-toxic, non-hazardous, and anti-inflammatory. They also eliminate the risk of accidents associated with material handling whilst ensuring easy removal of salt in crude oil. The ongoing developments in novel water-soluble polymer demulsifiers will enhance the segment growth.
Demulsifier market share from the crude oil processing application segment is projected to witness robust CAGR through 2032, owing to the growing demand for efficient separation of water from crude oil. The increasing crude oil production and exploration activities coupled with the rising need for enhanced oil recovery is driving the adoption of demulsifiers. Robust role of improving the efficiency of crude oil processing by aiding the timely separation of water and oil will also add to the product uptake.
Middle East and Africa (MEA) demulsifier industry size is estimated to rise at a substantial rate through 2032, due to the growing crude oil production across the UAE, and Saudi Arabia. The increasing demand for demulsifiers from the production of crude oil in South Africa and Saudi Arabia is expected to fuel the demand for demulsifiers in these regions. For instance, as per government data, the average oil production in Saudi Arabia increased by 20% between January 2022 to August 2022, reaching over 10.5 million barrels per day.
Demulsifier Market Share
Key companies operating in the demulsifier industry are involved in corporate strategies, R&D initiatives, and new product launches to gain competitive edges. For instance, BASF SE is rigorously engaged in the manufacturing, marketing, and sales of chemicals, plastics, crop protection products, and performance products.
Some of the major demulsifier companies are:
- BASF S.E.
- The Dow Chemical Company (Dow Inc.)
- AkzoNobel N.V.
- Croda International
- Clariant AG
- Baker Hughes Inc.
Demulsifier Industry News:
- In June 2023, Clariant Oil Services, introduced PHASETREAT WET, designed to provide more effective and sustainable demulsification solutions for the oil & gas industry.