HOME Research Insight Schlumberger Limited (U.S.) and Halliburton (U.S.) are the Major players in the Demulsifier Market

Schlumberger Limited (U.S.) and Halliburton (U.S.) are the Major players in the Demulsifier Market

The demulsifier market is projected to grow from USD 2.12 Billion in 2017 to USD 2.53 Billion by 2022, at a CAGR of 3.53% from 2017 to 2022. The demulsifier market is expected to grow during the forecast period due to increase in the crude oil production.

The manufacturers of demulsifiers are focused on mergers & acquisitions with the key objective of catering to the growing demand with better penetration in the oil field market. Schlumberger Limited (U.S.), Ecolab Inc. (U.S.), and Clariant AG are some of the leading market players that adopted this strategy. Companies such as Croda International Plc (U.K.), Wacker Chemie AG (Germany), and GE Water & Process Technologies (U.S.), have accelerated their R&D efforts to introduce new demulsifiers in the market. New product launches help companies to enhance their product portfolio and provide new offerings to acquire maximum market share and increase its overall customer base.

The increasing concerns over the environmental impacts of the chemicals used in demulsifier are tightening the legislation. It is essential to limit the use of chemicals which hamper the ecosystem and look for environmental friendly chemicals. Therefore, the performance of the demulsifier has to be improved in terms of application and environmental point of view. New chemical formulations need to be less toxic and should on the same efficiency level as that of classical chemical formulations. Environmental concerns in Europe, particularly in the North Sea have led to restrictions or outright bans on many chemicals which were formerly employed, such as  alkylphenol formaldehyde resin–based demulsifies and olefin-based synthetic fluids. There is a momentous requirement to produce demulsifiers that have the environmental acceptability. Leading manufacturers of demulsifier have in their product line, "green" demulsifiers. Clariant offers a similar product under the brand ‘Phasetreat’. These products are currently under development phase and are expected to open new doors for the manufacturers and suppliers in the coming years.

Related Reports:

Demulsifier Market by Type (Oil Soluble, Water Soluble), & Application (Crude Oil, Petro Refineries, Lubricant Manufacturing, Oil Based Power Plants, Sludge Oil Treatment) - Global Trends & Forecasts to 2020

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