CHICAGO, Aug. 15, 2023 /PRNewswire/ -- The report "Demulsifier Market by Type (Oil Soluble, Water Soluble) Application (Crude Oil, Petroleum Refineries, Lubricant Manufacturing, Oil Based Power Plants, Sludge Oil Treatment) & Region (APAC, North America, Europe, MEA, South America) Global Forecast to 2028", size was USD 2.3 billion in 2022 and is projected to reach USD 2.8 billion by 2028, at a CAGR of 3.6%, between 2023 and 2028.
A chemical agent used to break apart emulsions into their component phases is known as a demulsifier, often referred to as an emulsion breaker or emulsion destabilizer. Emulsions are a combination of two incompatible liquids, such as oil and water, that have been stabilized with the help of surfactants or other substances. Both water-in-oil emulsions and oil-in-water emulsions, in which water droplets are spread in an oil phase, are common examples of emulsions.
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Oil-soluble is projected to register the highest CAGR, in terms of value, of the global demulsifier during the forecast period.
The demand for oil-soluble demulsifier is closely tied to the global oil and gas industry's needs for efficient crude oil processing. Many crude oil reservoirs naturally contain water, and during extraction, emulsions can form between the oil and water phases. Oil-soluble demulsifier are used to break these emulsions, facilitating the separation of water from the crude oil and enhancing production efficiency.
Crude oil is estimated to be the largest application of the demulsifier, in terms of value, during the forecast period.
The need for effective water and impurity separation from crude oil during production and processing is what drives the demand for demulsifier in the crude oil industry. Emulsions formed in crude oil reservoirs and during extraction can be challenging to handle, and effective demulsification is crucial for optimizing production and ensuring high-quality oil output. As global energy demands continue to rise, there is a growing need to extract more crude oil from reservoirs. Increased production leads to higher volumes of crude oil-water emulsions that require effective demulsification for efficient processing. All these factors drive the demand for demulsifier in crude oil application.
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Middle East is estimated to be the largest market for the demulsifier market, in terms of value, during the forecast period.
The Middle East region is a significant hub for oil and gas production, which leads to a higher demand for demulsifier in this region. The Middle East is home to some of the world's largest oil reserves. Countries like Saudi Arabia, Iran, Iraq, and the United Arab Emirates are major oil producers. As, there are so many reservoirs, a lot of crude oil is being taken from them and processed, which increases the need for demulsifier to handle the emulsions that are present in the extracted oil.
The key players profiled in the report include Baker Hughes (US), Clariant AG (Switzerland), Ecolab Inc. (US), Hallinburton Company (US), Schlumberger Limited (US), Nouryon (Netherlands), BASF SE (Gemany), Dow Inc. (US), Arkema S.A. (France), and Momentive Performance Materials Inc. (US).
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