Demulsifier Market Size

Demulsifier Market size is poised to cross USD 36 Million by the end of 2035, growing at a CAGR of 4% during the forecast period, i.e., 2023-2035. In the year 2023, the industry size of demulsifier was over USD 23 Million. The growth of the market can be primarily attributed to the rising crude oil production around the world. During crude oil processing, demulsifiers are highly utilized to create stable emulsions. Emulsion breakers are used to separate the crude oil from the saline water and significantly affect oil recovery operations and production facilities. Data released by the U.S. Energy Information Administration (EIA) stated the total world production of crude oil to be 95.62 million barrels per day in 2021 which is further estimated to reach 100.33 million barrels per day in 2022.

Global demulsifier market key trends such as the adoption of sustainable oil production systems and the increasing use of green demulsifiers are estimated to propel the demand for demulsifiers over the forecast period.  Moreover, the increasing sales of petroleum products such as diesel, fuel oil, liquefied petroleum gas, kerosene, and others are expected to extend the global demulsifier market size over the forecast period. US Energy Information Administration data indicates that kerosene sales increased by 11.4 million gallons (11.0%) in 2020. In the farming sector, sales accounted for 11.1%, while in the industrial sector, sales reached 134.0%. Moreover, rapid industrialization along with the expansion of power plants and high growth rates in the oil and gas industry worldwide is expected to propel the demand for demulsifier chemicals during the forecast period.