Growing crude oil production globally is anticipated to be a key driver for global demulsifier market. Increasing industrialization along with a rising number of power plants to fulfill the energy necessities of ever-increasing population act as another driving factor for the global demulsifier market. Global oil production amounted to 88.4 million barrels each day in the year 2020. The level of oil manufacture reached an all-time high in 2019, at nearly 95 million barrels. Moreover, oil and oil related products remain vital commodities as maximum transportation fuels are petroleum-based, also oil is a main raw material for the chemical sector. Influence of chemicals, utilized during the production of demulsifier on the atmosphere has posed one of the main restraints in the development of global demulsifier markets. According to world data, global emission is over 36 billion tons of CO2 every year and is continuing to increase. Owing to this government from various countries are imposing stringent regulations to limit its use.
The global demulsifier market is categorized on the basis of types namely, oil soluble, and water soluble. Among these types, oil soluble has maximum share in the market. Oil-soluble demulsifiers threaten the oil-water interface in crude oil-water mixture that surrounds each water particle and substitute the emulsifier molecules as well as permit the water to combine. Along with this, the demulsifier market is also categorized based on the application, that include crude oil, petro refineries, sludge oil treatment, oil-based power plants, lubricant manufacturing, and others. Among the applications, crude oil has the maximum share in the market.
On the basis of region, categorization of demulsifiers market includes North America, Europe, Asia Pacific, Latin America, Middle East and Africa. North America holds largest share of the demulsifiers market. From last couple of years, US has been driving the oil production as one of the largest countries. According to the recent data from Statista in the last ten years, oil production in the U.S. is more than doubled, with its yearly output only slightly affected by the COVID-19 pandemic. Moreover, Canada's production of crude oil has also raised. Baker Hughes Incorporated working in the demulsifier market is a key player from U.S. Apart from that, some of the other players such as Dow Inc., Schlumberger Ltd., Croda International Plc, Huntsman Corp. are also present in North America region. These companies offer an extensive range of demulsifiers that aid in efficiently breaking oilfield emulsions as well as improving water superiority. Asia Pacific is also expected to dominate the global demulsifiers’ market during the forecast period due to the emerging crude oil processing and spread of petroleum refineries in the countries such as China and India.
COVID-19 has affected every aspect of life globally and hence most of the business have been halted and hampered. The global demulsifier market is no different, and this aspect is expected to have a slightly negative impact on the revenue growth of this industry. The COVID-19 pandemic has had a diverse effect on specialty chemical manufacturers too. Low crude values, reduced raw material prices for some product lines while closing down of Chinese plants even aided manufacturers based out of Europe, the U.S. and India to fill the void and surge order intakes. However, supply chain disturbances have led to issues for numerous manufacturers.
Some of the key players from the demulsifiers market include BASF SE, Clariant International Ltd., Croda International Plc, Dow Inc., Schlumberger Ltd., Baker Hughes Incorporated, Huntsman Corp., Momentive Performance Materials Inc., Nouryon Chemicals Holding BV, Dorf Ketal Chemicals Pvt. Ltd., etc. Most of the players operating in this market are concentrating on the expansion of their business operations in emerging regions as well as partnerships as their main strategy.
Recent News and Development:
- In October 2019, Nouryon Chemicals Holding BV introduced more sustainable demulsifiers for the oilfield market.
- In June 2019, Croda International Plc and Trucent Inc. Partnered to Introduce New Distiller's Corn Oil Emulsion Breaker.