Demulsifier Market from Speciality Chemicals Industry to Expand at CAGR of 4% during 2021-2025 | Technavio
The demulsifier market is expected to grow by $ 486.95 mn during 2021-2025, expanding at a CAGR of over 4%.
NEW YORK, June 24, 2021 /PRNewswire/ -- The emulsifier market report throws light on the impact of the COVID-19 pandemic on the market and the new opportunities and challenges market players can expect. The report offers a detailed analysis of the impact of the COVID-19 pandemic on the market in optimistic, probable, and pessimistic forecast scenarios.
Demulsifier Market: Increase in global crude oil production to drive growth
The growing global demand for energy has significantly increased the need for crude oil. This has increased investments in oil and gas exploration and production activities in countries such as the US, Brazil, Mexico, Saudi Arabia, China, Russia, and Norway. Crude oil contains significant quantities of saline water along with dissolved minerals, salts, and injection water in an emulsion form. Hence, demulsifiers are used by crude oil manufacturers to separate water and other impurities in the oil. Therefore, the increase in global crude oil production is expected to fuel the growth of the global crude oil market during the forecast period.
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As per Technavio, the growing developments in green demulsifiers will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other significant trends and market drivers that will influence market growth over 2021-2025.
Demulsifier Market: Growing developments in green demulsifier
Conventional synthetic demulsifiers often contain polyoxyethylene and polypropylene that contain methylbenzene, which is harmful to aquatic organisms and the surrounding environment. Hence, several regulatory bodies across the world are imposing stricter regulations against the use of such chemicals. This is compelling market vendors to develop environment-friendly demulsifiers, also known as green demulsifiers, to overcome regulatory barriers and challenges related to product certifications and commercialization. This trend is expected to have a positive impact on the growth of the global demulsifier market during the forecast period.
"Advances in demulsifier formulations and the rise in global refining capacity will further boost market growth during the forecast period", says a senior analyst at Technavio.
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Demulsifier Market: Segmentation Analysis
This market research report segments the demulsifier market by Type (Oil-soluble demulsifier and Water-soluble demulsifier) and Geography (MEA, North America, Europe, APAC, and South America).
The MEA region led the demulsifier market in 2021, followed by North America, Europe, APAC, and South America respectively. During the forecast period, the MEA region is expected to register the highest incremental growth.
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Some of the key topics covered in the report include:
Market Challenges
Market Drivers
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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