Demulsifiers are also known as emulsion breakers. They are chemicals that break emulsions, like water in oil. The demulsifiers market is witnessing extensive growth and likely to record income of USD 2.4 billion by 2020. This is due to rapidly growing crude oil generation and escalating worldwide demand for energy.
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One of the most prominent factors that add income to the demulsifiers market over the forecast period is the rising manufacture of crude oil. Also, growing industrialization and power plants worldwide are projected to drive the market further. However, strict governmental legislations are likely to restrain the growth of the market over the coming years.
The demulsifiers market can be categorized into types, applications and geographies. The market, according to types, can be segmented into water soluble demulsifiers and oil soluble demulsifiers. Both water and oil soluble demulsifiers are used in the processing of the removal of saline quantities from crude oil before refining.
The demulsifiers market, on the basis of applications, can be fragmented into sludge oil treatment, oil based power plants, crude oil, lubricant manufacturing and petro refineries. In 2014, crude oil was reported to be one of the largest applications of the market. Petro refineries are the fastest growing application. This is as a result of the rapidly production of crude oil.
Globally, the Middle East captured the largest share in 2014. This can be credited to the presence of large reserves of crude oil in the region. North America was reported to be the second largest demulsifiers market. This was due to increasing oil and gas exploration activities and detection of shale gas reserves in the United States.
Europe followed North America and accounted for the third largest demulsifiers market.
Information Source: Grand View Research