Demulsifiers or also called emulsion breakers are specialty chemicals that are used to separate emulsions such as water in oil. Demulsifiers find major applications in crude oil processing, which are produced with a substantial amount of saline water. Demulsifiers are based on chemicals such as epoxy resins, polyols, polyamines, phenol-formaldehyde, diepoxides, and polyamines. Demulsification strength of the stated chemicals can be regulated by mixing ethylene oxide or propylene oxide. Formulations that are available in the market consist mixture of two or more chemicals with carrier solvents such as methanol, diesel, xylene, isopropanol, or heavy aromatic naptha. Demulsifiers find applications in the oil & gas industry, where it is extensively used to separate water from oil.
Global demulsifier market size was valued at US$ 2.13 billion in 2017, and is projected to exhibit a CAGR of 3.54% during the forecast period (2019-2027). Growing demand for oil-related derivatives has increased the production of crude oil around the world. This, in turn, is expected to increase the demand for demulsifier and thereby drive growth of the market. Furthermore, high growth of the oil and gas industry in the recent past is expected to increase the demand for demulsifier chemicals and hence boost market growth during the forecast period. Moreover, increasing oil and gas mining activities with the shale gas revolution in the U.S. has impacted its economy positively. This is expected to increase the demand for demulsifier chemicals and thereby propel growth of the market. Furthermore, demulsifiers are majorly used in lubricants manufacturing. Lubricants manufacturing industry has witnessed significant growth in the recent past, which will drive growth global demulsifier market in the near future.
However, stringent environmental regulations on the use of toxic chemicals by governmental authorities are expected to restrain growth of the market during the forecast period.
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Market Regional Analysis
North America is projected to account for the largest market share in global demulsifier market during the forecast period. High growth of the oil & gas industry and increasing mining activities are expected to boost the market growth in the region. The U.S. is expected to be the major contributor to the region. Asia Pacific and South America are expected to witness significant growth during forecast period, owing to high growth in exploration shale gas reservoirs. China from Asia Pacific and Argentic and Venezuela from South America are expected to account for major market share.
Key companies working in the global demulsifier market are BASF SE, Dow Chemical Company, Croda, Akzo Nobel, and Clariant.
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