Rapid Growth of the Oil and Gas Industry to Augment the Demulsifier Market Growth

 

Demulsifier Market

Demulsifier is a category of specialty chemicals utilized in many industries, such as petroleum, to separate oils, for instance. They are most commonly utilized in the refinement of crude oil, which, is typically manufactured using large amounts of seawater. Because these two sources have too much salt in common, it is not surprising that they would have too much in common when it comes to being separated.

Demulsifiers are based on chemicals such as polyamines, diepoxides, phenol-formaldehyde, polyamines, polyols, and epoxy resins. Refining crude oil involves many chemicals that must be separated, and a common way to achieve this is through the use of a demulsifier. Demulsifiers are extensively used in the oil and gas industry to separate water from oil.

Market Dynamics:

Increasing oil exploration and production activities worldwide are expected to propel the growth of the demulsifier market. For instance, according to the International Energy Agency, by 2025, the global oil demand is expected to increase by a total of 5.7 million barrels per day, with India and China accounting for about half of growth.

Moreover, rapid growth of the oil and gas industry is expected to augment the growth of the demulsifier market. For instance, according to the Energy Information Administration (EIA), the world’s oil production capacity is expected to rise by 5.9 million barrels/day, between 2019 and 2025.

Stringent government regulations and toxic effects of chemicals used in demulsifiers are expected to restrain the growth of the demulsifier market. However, increasing demand for green demulsifiers (manufactured using eco-friendly chemicals,), as well as increase in crude oil production post COVID-19 pandemic, is expected to offer lucrative growth opportunities for players in the demulsifier market.

North America is expected to witness robust growth in the demulsifier market owing to the increasing oil exploration and production activities in the region. For instance, in October 2020, the U.S. produced more than 10,000 barrels of crude oil per day, according to the United States Energy Information Administration. Moreover, the global petroleum and liquid fuel demand are expected to rise by 0.4 million barrels/day in 2020 and by 1.7 million barrels/day in 2021.

Competitive Analysis:

Major players operating in the demulsifier market are Clariant, BASF SE, Akzo Nobel, Croda, and Dow Chemical Company.

In October 2019, Nouryon introduced a range of demulsifiers that provide oil producers with a more sustainable option to separate crude oil from natural gas and water. 

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