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Burgeoning Demand for Green Demulsifiers to Push Market Past US$ 3.25 Bn by 2032
Fact.MR's new industry analysis on the global demulsifiers market presents a comprehensive outlook of growth drivers, latest trends, hindrances, and opportunities prevailing in the market. The report further divulges compelling insights into segments of the market in terms of type and application across five regions.
NEW YORK , May 12, 2022 /PRNewswire/ -- A Market Research and Competitive Intelligence Provider: The global demulsifiers market is anticipated to reach a valuation of US$ 3.25 Bn by the end of 2032. As per the report, the global market is slated to witness growth at a CAGR of 3.4% between 2022 and 2032.
Growth in the market is driven by rapid development of biodegradable and green demulsifiers backed by the presence of strict government norms to ban the usage of certain chemicals. Japan Petroleum Institute, for instance, found that vegetable oil and green tea extracts can break emulsions.
Thus, key manufacturers are increasingly focusing on research and development activities to come up with such environmentally friendly solutions. Rising financial support by regulatory bodies to accelerate these research activities is also expected to contribute to this growth.
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Moreover, demulsifiers have the ability to act on the emulsion and neutralize the impact of emulsifying agents by dropping of water and flocculation of oil droplets. This is likely to augur well for the market.
Surging utilization of demulsifiers for conducting chemical analysis of synthetic muds and oil is another crucial factor that is set to propel growth. In addition, these are extensively used to treat produced hydrocarbons.
Increasing demand for liquid fuel and petroleum is estimated to bode well for the global market. According to the International Energy Agency (IEA), in 2020, nearly 4,296 million tons of crude oil and Natural Gas Liquids (NGL) were produced across the globe.
The total demand for oil reached 4,070 million tons the same year. This trend is likely to continue throughout the forthcoming years, thereby bolstering the market. Also, rising oil and gas extraction activities worldwide to cater to the high energy demand will boost the market.
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The global demulsifiers market is highly competitive with the presence of a large number of key players. Majority of these key players are launching new range of products to help end-use industries in improving the water quality and effortlessly breaking down oilfield emulsions.
Some of the other companies are investing huge sums in research and development activities to introduce innovative demulsifiers. They are also focusing on mergers and acquisitions to develop new business units and strengthen their positions in the oil and gas sector.
Key Companies Profiled by Fact.MR
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More Valuable Insights on Demulsifiers Market
In the latest study, Fact.MR offers a detailed study on global demulsifiers market for the forecast period of 2022 to 2032. This study also highlights key drivers promoting the sales of demulsifiers through detailed segmentation as follows:
Key Questions Covered in the Demulsifiers Market Report
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