Crude Oil Desalter Market Share

Middle East and Africa Market Forecast

Middle East and Africa crude oil desalter market is poised to hold a share of 36% during the forecast period. Large crude oil reserves and considerable investments in new refineries in GCC nations are driving market expansion in the region, which can be linked to the increase. For instance, nations like Saudi Arabia and the United Arab Emirates have recently built sizable crude oil refineries and have plans to increase the capacity of current ones. During the anticipated timeframe, this is predicted to improve market statistics in the Middle East and Africa.

North American Market Statistics

The crude oil desalter market in North America is expected to hold a share of 28% during the forecast period. The market growth can be accredited to the growing production of crude oil in the region recently. Oil and natural gas resources from shale rock formations are now accessible through horizontal drilling and multistage hydraulic fracturing, which were previously either technically or economically impractical to produce. The amount of oil sands production in Western Canada has also increased dramatically. Overall, North American output increased by nearly 45% during five years, from 7.5 million barrels per day in 2008 to 11.0 million barrels per day in 2013. Also, increasing investment in the construction of new refineries is accelerating the market growth in the region. The United States' oil refinery capacity in 2022 was roughly 18.1 million barrels per day. Therefore, these factors are likely to impact the market positively during the foreseen period.