Demulsifier Market Share

Middle East & Africa Market Forecast

Middle East & Africa industry is set to hold largest revenue share of 35% by 2037, the expansion of oil & gas industry in the region. Further, the increasing production of crude oil in countries such as Saudi Arabia, UAE, Kuwait, Iraq, and South Africa is expected to increase demand for demulsifiers in the region. For instance, crude oil production in Saudi Arabia increased from 8,500 thousand barrels per day (b/d) in 2021 to 10,400 thousand b/d in 2022 growing at a rate of 1.80% on an annual basis. As a result, demulsifiers have been in high demand in the country. Furthermore, onshore and offshore oil extraction activities in different Middle East & Africa countries and the presence of a large number of key market players are further expected to drive the global demulsifier market growth in the region over the forecast period.