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NEW YORK, Aug. 24, 2022 /PRNewswire/ — A crude oil desalter is a device that is used in petroleum refineries to remove inorganic salts, water, and sediment from the incoming petroleum crude oil feedstock before it is refined. Desalters use water wash flow, injection water, and settling velocity to remove the salts from crude oil.
The crude oil desalter market report has been added to Technavio’s catalog. The market size is anticipated to grow by USD 11.93 million from 2021 to 2026. In addition, the growth momentum of the market will accelerate at a CAGR of 0.9% during the forecast period.
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Market Driver
The increase in demand for crude oil from developing countries is driving the growth of the market. In developing countries such as Mexico, India, China, Angola, South Africa, Braziland Indonesiathe crude oil desalter market is registering significant growth. These countries are attracting various OEMs of crude oil desalters owing to factors such as availability of land, inexpensive labor, potential oil reserves, low transportation costs, and relaxed government norms. For instance, in June 2021XCMG Construction Machinery announced that it would partner with Dangote Industries Limited to construct the world’s largest oil refinery project in Lagos, Nigeria.
Vendor Analysis
Agar Corp., Alfa Laval Corporate AB, AMR Process Inc., Canadian Petroleum Processing Equipment Inc., Croda International Plc, Dorf Ketal Chemicals I Pvt. Ltd., Emerson Electric Co., Forum Energy Technologies Inc., Frames Group, Mackenzie Hydrocarbons Australia Pty Ltd., McDermott International Ltd., Petro Techna International, Schlumberger Ltd., Veolia Environment SA, Vienerg Resources Pvt. Ltd., VME Process Inc., among others, are the main players in the market. The key offerings of some of these vendors are listed below:
- Agar Corp. – The company offers a crude oil desalter system that helps in the removal of chlorides and other water-soluble compounds from crude oil.
- Alfa Laval Corporate AB – The company offers a crude oil desalter system that helps in removing salts and solids from crude oil, which is critical to refinery production efficiency.
- AMR Process Inc. – The company offers crude oil desalter such as High Water AC Plus Heavy Oil Technology Desaltors, which are applied to problematic heavy and conductive oil.
- Canadian Petroleum Processing Equipment Inc. – The company offers crude oil desalter such as Dual Wave Desalter and AC Type Desalter.
- Croda International Plc – The company offers a crude oil desalter system under the brand, Kemelix.
Crude Oil Desalter Market Product Outlook (Revenue, USD million, 2021-2026)
- Multi-stage desalter – size and forecast 2021-2026
- Single-stage desalter – size and forecast 2021-2026
Crude Oil Desalter Market Geography Outlook (Revenue, USD million, 2021-2026)
- APAC – size and forecast 2021-2026
- North America – size and forecast 2021-2026
- Europe – size and forecast 2021-2026
- Middle East and Africa – size and forecast 2021-2026
- South America – size and forecast 2021-2026
Learn about the contribution of each segment summarized in concise infographics and thorough descriptions. View a FREE PDF Sample Report
Revenue-generating Product Segments
The multi-stage desalters segment will contribute the highest market share growth during the forecast period. A desalter unit reduces the dilution water required for desalting. Multi-stage desalters are suitable for heavy residuals and crudes. Such factors will drive the demand for multi-stage desalters, which, in turn, will fuel the growth of the market in the coming years.
Regional Analysis
APAC will account for 28% of the market’s growth during the forecast period. The growth of the region is attributed to factors such as the rising demand for crude oil in countries such as China, India, Japanand South Korea. Moreover, market growth in this region will be faster than the growth of the market in Europe. China, Russiaand India are the key countries for the crude oil desalter market in APAC.
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Crude Oil Desalter Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 0.9% |
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Market growth 2022-2026 |
USD 11.93 million |
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Market structure |
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Full story available on Benzinga.com
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