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The Refinery Process Additives Market is expected to reach $1,364.73 million by 2023

Refinery Process Additives Market

Americas dominates the Refinery Process Additives Market during the forecast period. It is expected to generate $9,268.95 million by 2023.

HYDERABAD, TELANGANA, INDIA, June 12, 2018 /EINPresswire.com/ -- According to the new market research report by IndustryARC titled “Refinery Process Additives MarketBy Type (Demulsifier, Desalter, H2S Scavenger, Corrosion Inhibitor, Dewaxing Aids, Antifoulant and Others); By Crude (Low, High, Extra Heavy); By Process (Desalination, Cracking, Distillation and Others); By Geography- Forecast 2018-2023”, the market is driven by growing demand for enhancing the quality of crude oil and focus on the oil and gas industry to reduce the operational costs.


Americas dominates the Refinery Process Additives Market

Americas dominates the Refinery Process Additives Market during the forecast period. It is expected to generate $9,268.95 million by 2023. The market is enhanced by growing demand for oil and gas in the recent years. The discovery of shale oil fields in the region has driven the demand for oil and gas which results in the use of refinery process additives in the region. US had a major share of 46% in Americas total oil production in 2015. North America has seen a rise in the oil production due to the discovery of shale and oil resources.


Selected Analysis done in the full Report:

The Demulsifier segment in 2016 had reached revenue of $114.78 million. It is expected to generate revenue of $185.02 million by 2023 at a CAGR of 6.1%. Demulsifiers are emulsion breakers which are used to separate emulsion such as water and oil. Demulsification is the process of splitting crude oil emulsion into oil and water phase. Crude oil in the reserve is found with water. Hence, water in oil emulsions is formed during the process. Demulsification has two steps namely flocculation and coalescence. Flocculation is the process of joining the droplets together to form aggregates or flocculation. In coalescence, the water droplets fuse together to form a large drop, which decreases the number of water droplets. The high density of the droplets causes the separation of water from oil.

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Excerpts on Market Growth Factors

Increasing crude oil production will spur the demand for refinery process additives.

Increasing preference for non-toxic corrosion inhibitors will drive the growth of the Refinery Process Additives Market.

Increasing fracking operations will uplift the demand for refining process and growth in additives. Fracking is a process of drilling and injecting the fluid into the ground at a high pressure to obtain fissures in the shale rock. This process releases the natural gas which is trapped inside the rocks.


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Key players of the Refinery Process Additives Market

Nalco Champion and Clariant AG are the dominant players in the Refinery Process Additives Market. Nalco Champion provides solutions for corrosion prevention, gas treatment, hydrogen sulfide scavengers, etc. Clariant AG has launched the SCALETREAT FES scale inhibitor which can prevent the formation of scales and damage in the refining applications.


Refinery Process Additives Market is segmented as below

Growth of the oil and gas industry will drive the demand for Refinery Process Additives Market during the forecast period.

A. Refinery Process Additives Market By Type
1. Demulsifier
2. Desalter
3. Hydrogen Sulfur Scavengers
4. Corrosion Inhibitor
5. Dewaxing AID
6. Antifoulant
7. Speciality Amines & Commodity Solvents
8. Asphaltene Controller
9. Defoamer
10. Others

B. Refinery Process Additives Market By Crude Type
1. Low Viscosity Crude Oil
2. High Viscosity Crude Oil
3. Extra Heavy Crude Oil

C. Refinery Process Additives Market By Process
1. Distillation
2. Reformer System
3. Cracker
4. Coking
5. Desalination
6. Filling Plant
7. Desulfurization

D. Refinery Process Additives Market By Geography (covers 24+ countries)
E.Refinery Process Additives Market By Entropy

Companies Citied / Interviewed

1.General Electric
2.Evonik Industries AG
3.Solenis
4.BASF SE
5.Albemarle Corporation
6.LUBRIZOL CORPORATION
7.Clariant A.G.
8.NALCO CHAMPION
9.AMSPEC LLC
10.JOHNSON MATTHEY
11.Baker Hughes Incorporated
12.DORF KETAL CHEMICALS INDIA PVT LTD


Related Report:

A.Refinery Catalyst Market

https://industryarc.com/Report/11666/refinery-catalyst-market.html

B.Coating Additives Market

https://industryarc.com/Report/11678/coating-additives-market.html


What can you expect from the report?
The Refinery Process Additives Market Report is Prepared with the Main Agenda to Cover the following 20 points:

1. Market Size by Product Categories & Application 11. Demand Analysis (Revenue & Volume)
2. Market trends & Relevant Market Data 12. Country level Analysis
3. Manufacturer Landscape 13. Competitor Analysis
4. Distributor Landscape 14. Market Shares Analysis
5. Pricing Analysis 15. Value Chain Analysis
6. Top 10 End user Analysis 16. Supply Chain Analysis
7. Product Benchmarking 17. Strategic Analysis
8. Product Developments 18. Current & Future Market Landscape Analysis
9. Mergers & Acquisition Analysis 19. Opportunity Analysis
10. Patent Analysis 20. Revenue and Volume Analysis


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