According to the new market research report “Demulsifier Market by Type (Oil Soluble and Water Soluble), Application (Crude Oil, Petro Refineries, Lubricant Manufacturing, Oil-based Power Plants, Sludge Oil Treatment), and Region – Global Forecast to 2022″, The demulsifier market is projected to grow from USD 2.12 Billion in 2017 to USD 2.53 Billion by 2022, at a CAGR of 3.53% from 2017 to 2022.
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The opportunity in the demulsifier market lies with the discovery of new oil fields and use of green demulsifier. The discovery of new oil fields would result in increase in crude oil production; hence increase in use of demulsifier. On the other side, environmental concerns in Europe, particularly in the North Sea have led to restrictions or outright bans on many chemicals which were formerly employed for demulsifier manufacturing. This would lead to encouragement of manufacturing and use of green demulsifier through extensive R&D.
It is extremely important that the players operating in the market remain competitive by adopting key growth strategies. The competitiveness of players lie in R&D capabilities to come up with new and innovative products. This is expected to help them gain a competitive edge in the market by launching products to meet the requirements of their customers. The manufacturers of demulsifiers are focused on mergers & acquisitions with the key objective of catering to growing demand with better penetration in the oil field market. Halliburton (U.S.), Schlumberger Limited (U.S.), Ecolab Inc. (U.S.), and Clariant AG are some of the leading market players that adopted this strategy.
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The demulsifier market is projected to grow from USD 2.12 Billion in 2017 to USD 2.53 Billion by 2022, at a CAGR of 3.53% from 2017 to 2022. The demulsifier market is expected to grow during the forecast period due to increase in the crude oil production.
The manufacturers of demulsifiers are focused on mergers & acquisitions with the key objective of catering to the growing demand with better penetration in the oil field market. Schlumberger Limited (U.S.), Ecolab Inc. (U.S.), and Clariant AG are some of the leading market players that adopted this strategy. Companies such as Croda International Plc (U.K.), Wacker Chemie AG (Germany), and GE Water & Process Technologies (U.S.), have accelerated their R&D efforts to introduce new demulsifiers in the market. New product launches help companies to enhance their product portfolio and provide new offerings to acquire maximum market share and increase its overall customer base.
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The increasing concerns over the environmental impacts of the chemicals used in demulsifier are tightening the legislation. It is essential to limit the use of chemicals which hamper the ecosystem and look for environmental friendly chemicals. Therefore, the performance of the demulsifier has to be improved in terms of application and environmental point of view. New chemical formulations need to be less toxic and should on the same efficiency level as that of classical chemical formulations. Environmental concerns in Europe, particularly in the North Sea have led to restrictions or outright bans on many chemicals which were formerly employed, such as alkylphenol formaldehyde resin–based demulsifies and olefin-based synthetic fluids. There is a momentous requirement to produce demulsifiers that have the environmental acceptability. Leading manufacturers of demulsifier have in their product line, “green” demulsifiers. Clariant offers a similar product under the brand ‘Phasetreat’. These products are currently under development phase and are expected to open new doors for the manufacturers and suppliers in the coming years.
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