Research Nester assesses the growth and market size of global crude oil desalter market which is anticipated to be on account of the growing construction of new refineries.
New York – October 6, 2023- Research Nester’s recent market research analysis on “Crude Oil Desalter Market: Global Demand Analysis & Opportunity Outlook 2036” delivers a detailed competitors analysis and a detailed overview of the global crude oil desalter market in terms of market segmentation by type, device type, indication, distribution channel, and by region.
Growing Consumption of Crude Oil to Promote Global Market Share of Crude Oil Desalter
The need for housing, amenities for public and private transportation, etc., is growing as the world's population grows. Additionally, the demand for crude oil is directly correlated with the expansion of the world's energy demand as well as a wide range of other macroeconomic variables, including disposable income and the rate of urbanization. Additionally, it is anticipated that the ongoing appearance of new petroleum refineries and production facilities equipped with internal crude oil desalting and dehydration capabilities will speed up market expansion.
The demand for desalter and dehydrator equipment to lower the salt and water content upstream and downstream will drive the crude oil desalter market. Magnesium chloride and calcium chloride are the two compounds that are most frequently detected in crude oil. Petroleum that has not been refined contains salts that poison catalysts and cause corrosion.
Some of the major growth factors and challenges that are associated with the growth of the global crude oil desalter market are:
Growth Drivers:
• Surge in Offshore Production of Crude Oil
• Increasing Implementation of Desalter Equipment
Challenges:
The market expansion of crude oil desalter may be limited as a result of the rapid increase in consumption and use of renewable energy sources. The global electricity sector expanded by 5% in 2021. Additionally, investments in new generation were dominated by renewable energy, which accounted for 70% of the USD 530 billion in total costs for all new generation capacity in 2021. Therefore, during the projected time, this issue can limit market expansion.
Some other factors such as high operating costs and lack of skilled labor are some of the factors that may hamper the market growth.
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By product type, the global crude oil desalter market is segmented into single-stage, two-stage, and three-stage. During the projected period, it is anticipated that the two-stage category will hold a share of 45%. The high efficiency two-stage desalters remove 95%–98% of the salts from crude oil. A two-stage desalter that consists of two coalesces is preferred to achieve surplus water dilution or to achieve the desired concentration of salt. For those using a two-stage desalter system, crude with salt concentrations of up to 100 PTB and 0.1 to 0.2% water can be a significantly less expensive feedstock. Cleaning heat exchangers, pumps, pipes, and other equipment increases the flowability of crude. These elements are therefore fueling the segment's expansion.
By region, the North America crude oil desalter market is to generate the highest revenue by the end of 2036. The recent increase in regional crude oil output can be blamed for the market expansion. Through horizontal drilling and multistage hydraulic fracturing, which were previously either technically or commercially unfeasible to generate, oil and natural gas deposits from shale rock formations are now reachable. Western Canada has seen a sharp rise in oil sands production as well. From 7.5 million barrels per day in 2008 to 11.0 million barrels per day in 2013, North American output as a whole grew by about 45%. Additionally, escalating investment in the development of new refineries is hastening market expansion in the area.
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This report also provides the existing competitive scenario of some of the key players of the global crude oil desalter market which includes company profiling of Hindustan Petroleum Corporation Limited (HPCL), VME Companies, ExxonMobil Corporation, Marathon Petroleum, Fuji Oil Company, Idemitsu Kosan Co., Ltd., JGC Holdings Corporation, ENEOS Corporation, Seibu Oil Company Co., Ltd., Forum Energy Technolgies Inc and others.
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