Global Demulsifier Market: Key Highlights
Global Demulsifier Market: Key Market Dynamics
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Global Demulsifier Market: Regional Overview
Middle East & Africa has anticipated dominating the demand fordemulsifier market during the forecasted period. This has attributed tothe presence of significant oil & gas reserves. Middle East is a lucrative market for demulsifiers. Key oil producing nations in the region such as Iran, Iraq, Saudi Arabia, the UAE, and Kuwait are expected to drive the demand for demulsifiers in the near future.
The Demulsifiermarket in the North American region is projected to witness high demand due to increase in oil & gas industry. According to Energy Information Administration (EIA), in 2018 the U.S. petroleum and natural gas production wereincreased by 16% and 12% respectively. The U.S. became the largest producer of natural gas by surpassing Russia in 2018. Thus, owing to the emerging oil & gas industry will further surge the demand for demulsifiermarket in the region.
Global Demulsifier Market: Key Players Overview
Nouryonis a global manufacturer of productssuch as paper, plastic, building material, food, pharmaceutical, and personal care items. The company has a global footprint with the presence of more than 80 countries across the globe. Nouryon portfolio of industry-leading band includes Eka, Dissolvine, Trigonox, and Berol. In Oct 2019, Nouryon announced a range of demulsifier which will provide oil producer with a more sustainable option to separate crude oil from natural gas and water.
Honeywell International Inc. is engaged in the invention and commercialization of technologies for overcoming the challenges across energy, safety, security, productivity, and global urbanization. It operates through fourbusiness segments, i.e., aerospace, Honeywell building technologies, performance materials and technologies, and safety and productivity solutions.
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