Global demand for demulsifier is expected to witness considerable growth over the forecast period on account of surging oil & gas industry. Increasing crude oil production across the globe is expected to be a major driver for demulsifier market over the next six years. Growing demand for lubricants from rapidly growing automotive industry particularly in emerging economies of China, India, Brazil and Mexico has triggered the demand for demulsifiers over the past decade. Rapid industrialization coupled with growing number of power plants to meet the energy requirements of ever growing population is anticipated to drive the market. Furthermore, fast depletion of crude oil reserves have triggered companies to take up new exploration projects to cope up with increasing demand. However, stringent environmental regulations have restricted the use of toxic organic chemicals used to manufacture demulsifier which is expected to have a negative impact on market.
Demulsifiers can be classified as oil soluble demulsifier and water soluble demulsifier. These are typically used in the processing of crude oil to remove significant quantities of saline water prior to refining to prevent corrosion. On the basis of applications, demulsifiers are used in crude oil processing, petroleum refining, oil based power plants, lubricant manufacturing and sludge oil treatment. Crude oil processing was the largest application segment of demulsifier in 2014 accounting for nearly half of the global consumption followed by petroleum refining and is expected to be the fastest growing segment on account of increasing crude oil production. Emergence of green demulsifier which is manufactured by the use of environment friendly chemicals is expected to be a major opportunity for the market over the forecast period.
Middle East was the largest market for demulsifier in 2014 on account of large number of crude oil reserves in the region. North America was the second largest market followed by Europe and is expected to have strong prospects over the next six years owing to rising oil & gas exploration activities coupled with recent discovery of shale gas reserves in U.S. Asia Pacific is expected to be the fastest growing market on account of emerging crude oil processing and proliferation of petroleum refineries in China and India. Central & South America are also anticipated to provide impetus to TEG market over the next six years on account of rising crude oil production coupled with proliferation of petroleum refining units in Brazil and Mexico.
Market for demulsifier is highly fragmented with large number of manufacturers and suppliers. Major market participants include BASF SE, AkzoNobel NV, Baker Hughes Incorporated, Clariant AG, Ecolab Inc, Schlumberger Limited, The Dow Chemical Company, Halliburton, Croda International PLC, Momentive Performance Materials Inc and Weatherford International Limited.
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