Press release
Increasing Consumption of Crude Oil Boost Demulsifier Demand Led by Rising Industrialization
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The demulsifier industry has garnered $2,414.6 million in 2021, and it is projected to generate $3,485.6 million in 2030, advancing at a rate of 4.2% in the coming years. The growing demand for oil derivatives products, along with crude oil, and rising end-use sectors, such as lubricant manufacturing, oil sludge treatment, and pesticide manufacturing.
In addition, a rise in the number of mature oil fields and oil discoveries, including rising demand for refined petroleum is predicted to provide alluring opportunities to industry players.
The rising economic growth and increasing disposable income, along with living standards, and power requirements are major industry drivers which fuel the crude oil demand. The rising industrialization fuels the refining demand, along with the worldwide rising consumption of energy, and increasing government initiatives to enhance the oil and gas infrastructure.
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The major players operating in the industry are:
1- BASF SE
2- Clariant International Ltd.
3- Roemex Ltd.
4- Halliburton Energy Services Inc.
5- The Dow Chemical Company
6- Croda International Plc.
7- Momentive Performance Materials Inc.
Therefore, demulsifiers hold great prominence in the extraction of water from crude oil.
Browse more reports:
Lubricants Industry Report - https://www.psmarketresearch.com/press-release/global-lubricants-market
Industrial Lubricants Industry Report - https://www.psmarketresearch.com/press-release/industrial-lubricants-market
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