Crude Oil Desalter Market to Grow with a CAGR of 5.19% through 2029
Increasing demand for crude oil & the need to improve its quality and rising adoption of desalting technologies are likely to drive the Market in the forecast period.
According to
TechSci Research report, “Crude Oil Desalter Market – Global Industry Size,
Share, Trends, Competition Forecast & Opportunities, 2029F”, Global Crude Oil Desalter Market was valued at USD 208.63 million in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 5.19% through 2029. The
Global Crude Oil Desalter Market is experiencing a surge in demand in the
forecast period. One significant driver propelling the global Crude Oil
Desalter market is the increasing emphasis on environmental awareness and
stringent regulatory frameworks. Governments and international bodies are
placing greater scrutiny on industrial processes, necessitating refineries to
adhere to strict environmental standards. Crude oil, when extracted, contains
impurities like salts and water, which, if not effectively removed, can lead to
corrosion in refining equipment and environmental contamination. To meet these
regulations and ensure sustainable practices, refineries are investing in
advanced desalting technologies.
The
demand for efficient desalters has surged as refineries seek to reduce their
environmental footprint by mitigating the release of pollutants during the
refining process. The Crude Oil Desalter market responds to this demand by
providing technologies that not only comply with environmental regulations but
also contribute to the overall eco-friendly profile of the refining industry.
This driver underscores the pivotal role of desalting technologies in aligning
the oil and gas sector with global sustainability objectives. The
relentless global demand for refined petroleum products serves as a driving
force for the Crude Oil Desalter market. As economies grow and industrialize,
the need for energy, particularly in the form of refined products like
gasoline, diesel, and jet fuel, continues to escalate. Crude oil, the primary
raw material for these products, often contains impurities that can compromise
the efficiency of refining processes. Desalters play a critical role in
purifying crude oil by removing contaminants, ensuring the integrity of
downstream equipment and the quality of the final products.
The
rise in global population, coupled with urbanization and industrial expansion,
intensifies the demand for refined products, thereby increasing the reliance on
efficient desalting technologies. The Crude Oil Desalter market responds to
this driver by providing solutions that enhance the overall refining process,
contributing to the production of high-quality petroleum products. This driver
highlights the indispensable role of desalting technologies in meeting the
escalating global appetite for energy and refined commodities.
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The Global Crude
Oil Desalter Market is segmented into type, product type, industry vertical, application
and region.
Based on application,
The Downstream segment held the largest Market share in 2023. Downstream
operations, primarily in refineries, involve the complex processing of crude
oil to produce various refined products such as gasoline, diesel, and
petrochemicals. The quality of the crude oil feedstock significantly impacts
refining efficiency and the quality of the final products. Many crude oils
extracted from reservoirs contain impurities like salts and water. Desalting is
a critical step in the refining process to remove these impurities, preventing
corrosion in equipment and ensuring the quality of the refined products.
Stringent
environmental regulations mandate refineries to adhere to specific standards in
terms of emissions and environmental impact. Desalting is essential for meeting
these regulatory requirements by minimizing the release of pollutants during
the refining process. Downstream facilities are under constant pressure to
enhance environmental performance, making efficient desalting technologies
crucial for compliance. The downstream
sector places a premium on the quality of refined products. Impurities like
salts, if not removed through desalting, can lead to corrosion in refining
equipment, affecting both operational efficiency and the integrity of the
equipment. Desalters contribute to the protection of refining infrastructure,
ensuring that downstream processes operate smoothly and that the final products
meet quality standards.
The global
demand for refined petroleum products, driven by factors such as population
growth, urbanization, and industrialization, places a high demand on downstream
facilities. To meet this demand efficiently and produce high-quality products,
refineries prioritize the use of desalting technologies to optimize the
refining process and ensure the consistent quality of the end products. Advancements in
desalting technologies have made them more efficient, allowing refineries to
enhance their operations and meet the challenges posed by varying crude oil
compositions. Downstream facilities are more likely to invest in advanced
desalting technologies to optimize their processes and stay competitive in the
market.
Major companies operating in the Global Crude Oil Desalter Market are:
- Alfa Laval AB
- Baker Hughes Company
- Schlumberger Limited
- Siemens AG
- Emerson Electric Company
- Exxon Mobil Corporation
- Marathon Petroleum Corporation
- Hindustan Petroleum Corporation Limited
- Idemitsu Kosan Co., Ltd.
- JGC Holdings Corporation
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“The Global Crude
Oil Desalter Market is expected to rise in the upcoming years and register a
significant CAGR during the forecast period. The rising demand for high-quality crude oil and the
increasing production of crude oil are the key factors driving the growth of
the global crude oil desalter market. Crude oil desalters are used to remove
water and salt from crude oil, which can corrode and damage refinery equipment.
The demand for crude oil desalters is expected to increase as refineries
process more crude oil to meet the growing demand for refined petroleum
products. Also, The Asia Pacific region
is expected to be the fastest-growing market for crude oil desalters, due to
the increasing demand for crude oil in the region. Therefore, the Market
of Crude Oil Desalter is expected to boost in the upcoming years”, said Mr.
Karan Chechi, Research Director of TechSci Research, a research-based
management consulting firm.
“Crude Oil Desalter Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Infrastructure, Consumables), By Product Type (Single Stage, Two Stage, Three Stage), By Industry Vertical (Oil Field, Oil Refineries, FCC Feed Desalting, Heavy Crude Desalting, Distillate Treating), By Application (Upstream, Midstream, Downstream), By Region & Competition 2019-2029F”, has evaluated the future growth potential of Global
Crude Oil Desalter Market and provides statistics & information on Market
size, structure and future Market growth. The report intends to provide
cutting-edge Market intelligence and help decision-makers make sound investment
decisions., The report also identifies and analyzes the emerging trends along
with essential drivers, challenges, and opportunities in the Global Crude Oil
Desalter Market.
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