Author: Vikas Kumar
30 September 2021
Global Demulsifier Market is expected to reach the market valuation of US$ XX billion by 2027 expanding at a reasonable CAGR of XX% during the forecast period (2021-2027) from US$ XX million in 2020. the rising demand for oil and related derivatives necessitates the high production of crude oil coupled with rising exploration of oil reserves. This would increase the demand for demulsifier to separate emulsified water from crude oil during production processes.
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Toxic effects of chemicals used in demulsifiers on the environment and government implementing stringent regulations would hamper the demand for demuslifiers in forecasted period. In addition, recent outbreak of coronavirus had disrupted the oil reserves exploration project and supply of new machinery and equipment were also put on halt that further hamper the overall demand for demulsifier. Moreover, increasing focus on the use of green demulsifiers, which are manufactured using environmentally-friendly chemicals, is projected to offer substantial opportunities for the market during the forecast period. Currently, various region in Middle East such as UAE, Kuwait, Saudi Arabia and others are exporing new crude oil reserves and government supporting these activities projected to have demuslfiers a promising future during the forecast period.
The outbreak of coronavirus in 2020 had severely impacted the economic conditions around the globe. The oil industry from past few years had seen slumped in the prices and oil exporting countries had faced travel restrictions during covid-19 has doubled the effect on the fossil fuel industry. In addition, oil and gas industry is highly dependent on foreign investment of machinery for the exploration and shutdown of all the activities had put halt in the project implementation. Hence, demand for demulsifies significantly impacted due to Covid-19.
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For a better understanding of the market adoption, report provide detailed analysis for major region and countries including North America (US, Canada, Rest of North America), Europe (Germany, UK, France, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Rest of APAC), Middle East & Africa (UAE, Saudi Arabia, South Afica, Egypt and Nigeria) and Rest of World. In 2020, Middle East dominated the market. Large oil and gas reserves and high end petroleum and oil extraction activities in various countries such as Kuwait, UAE, Saudi Arabia and others are the significant factors expected to accelerate the market growth in the coming years. Some of the major companies profiled in the report includes Clariant , The Dow Chemical Company, Croda International, Ecolab Inc., Halliburton, Schlumberger Limited, BASF SE, Nouryon, Momentive Performance Materials, Nova Star LP, SI Group, Impact Chemicals Technologies, Innospec Inc. and Dorf Ketal.
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