LONDON--(BUSINESS WIRE)--Aug 17, 2018-- analysts forecast the global crude oil desalter market to grow at a CAGR of nearly 2% during the forecast period, according to their latest market research report.

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Technavio has published a new market research report on the global crude oil desalter market from 2018-2022. (Graphic: Business Wire)

The integration of refinery and petrochemical operations is one of the major trends being witnessed in the . Petrochemical products include polyethylene, fertilizers, and industrial chemicals. Such products are used in various industries. Petrochemicals are used in industries such as construction, packaging, agriculture, textiles, and manufacturing. The demand for petrochemical products in high in several industries and is expected to increase during the forecast period.

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According to Technavio analysts, one of the key factors contributing to the growth of the global crude oil desalter market is the increase in refining capacity:

Global crude oil desalter market: Increase in refining capacity

The growth in demand for oil has led to an increase in the global refining capacity. Desalters are used in petroleum refineries to separate the components of complex crude mixtures such as gasoline and diesel. Thus, the increase in global refining capacity drives the growth of the global crude oil desalter market.

According to a senior analyst at Technavio for research on oil and gas, “In 2009, there was a decline in refining capacity, however, it grew steadily between 2010 and 2014. The capacity of refineries is expected to increase steadily during the forecast period owing to the growing demand for oil globally. Thus, the increase in refining capacity will drive the growth of the global crude oil desalter during the forecast period.”

Global crude oil desalter market: Segmentation analysis

The global crude oil desalter market research report provides market segmentation by product (multi-stage desalter and single-stage desalter) and by region (the Americas, EMEA, and APAC). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.

The multi-stage desalter segment held the largest market share in 2017, accounting for nearly 72% of the market. This product segment is expected to dominate the global market throughout the forecast period.

EMEA led the market in 2017 with a market share of nearly 37%. The region is expected to dominate the market through 2022, however, there will be a decrease in its market share.

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Some of the key topics covered in the report include:

Market Landscape

Market ecosystem Market characteristics Market segmentation analysis

Market Sizing

Market definition Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Regional comparison Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendors covered Vendor classification Market positioning of vendors Competitive scenario

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KEYWORD:

INDUSTRY KEYWORD: ENERGY ALTERNATIVE ENERGY OIL/GAS OTHER ENERGY TECHNOLOGY OTHER TECHNOLOGY

SOURCE: Technavio Research

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PUB: 08/17/2018 09:19 AM/DISC: 08/17/2018 09:19 AM

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