As cited by the business intelligence report titled ‘Global Demulsifier Market Size study with COVID-19 Impact, by Type (Oil Soluble and Water Soluble), by Application (Crude Oil, Petro Refineries, Lubricant Manufacturing, Oil-based Power Plants, Sludge Oil Treatment and Other Applications) and Regional Forecasts 2020-2027’, available with Market Study Report, global demulsifier market was valued USD 2 billion in 2019 and is slated to grow at 4% CAGR during 2020-2027, subsequently reflecting a valuation of USD 2.8 billion by the end of the forecast timeframe.
 

Industry analysts state that expansion of oil & gas vertical in line with growing demand from oil-based power plants, petrol refineries, and lubricant manufacturing sites among others are driving global demulsifier market growth.
 

Moreover, technological advancements, introduction of innovative products, and strategic undertakings like mergers, partnerships, and other strategic alliances by industry moguls are adding considerable traction to the industry expansion.
 

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For the record, demulsifiers are chemical intermediates which are primarily used for the reduction of interfacial tension between water and hydrocarbon. They are generally formulated into blends before being used and are utilized to demulsify water in oil emulsions. Moreover, they are also utilized for dehydration and separation of liquid phases, which consequently provides high-quality hydrocarbon.
 

Speaking of the latest developments in global demulsifier market, the Covid-19 pandemic has boosted the demand for demulsifiers as crude oil production is likely to witness an uptick post-pandemic.
 

On the contrary, geopolitical issues in Middle East & Africa region, along with introduction of stringent government regulations concerning environment sustainability will continue to plague the business development over the stipulated timeframe.
 

Speaking of product type, global demulsifier market is divided into water soluble and oil soluble. Moving on, the application scope of this industry is split into sludge oil treatment, lubricant manufacturing, petro refineries, oil-based power plants, and crude oil among others.
 

Elaborating on geographical scope, the market is bifurcated into Asia-Pacific, Middle East & Africa, Latin America, North America, Europe, and rest of the world. The report states that Middle East & Africa dominates the business, while Asia-Pacific is also projected to amass significant gains over 2020-2027.
 

Major companies influencing the global demulsifier market trends are Baker Hughes Company, Momentive Performance Materials, Inc., Nouryon, Clariant AG, BASF SE, The Dow Chemical Company, Ecolab, Inc., Croda International Plc, Halliburton Co., and Schlumberger Ltd.