Global Crude Oil Desalter Market to Reach U$98.78 Mn by 2023 due to Expansion of Existing Crude Oil Refineries
The report, titled “Crude Oil Desalter Market (By Type - Single Stage Crude Oil Desalter, Two Stage Crude Oil Desalter, and Three Stage Crude Oil Desalter) - Global Industry Analysis, Size, Share, Growth Trends and Forecast 2015 - 2023”, recently published by the market research company Transparency Market Research (TMR), presents a qualitative and quantitative analysis of the global crude oil desalter market.
Browse the full Crude Oil Desalter Market (By Type - Single Stage Crude Oil Desalter, Two Stage Crude Oil Desalter, and Three Stage Crude Oil Desalter) - Global Industry Analysis, Size, Share, Growth Trends and Forecast 2015 - 2023 report at https://www.transparencymarketresearch.com/crude-oil-desalter-market.html
The report states that the global crude oil desalter market, which had a valuation of US$78.42 mn in 2014, will expand at a moderate 2.54% CAGR between 2015 and 2023 and reach US$98.78 mn by 2023.
A significant rise in the number of new crude oil refineries across the globe is propelling the global demand for crude oil desalters. The expansion of existing refineries has also boosted the global crude oil desalter market. Moreover, the market is benefitting from the rising use of desalters in other applications such as fluid catalytic cracking (FCC).
However, an overall decline in the demand for refined petroleum product such as diesel and gasoline owing to the increased demand for green fuels, is projected to hamper the construction of new crude oil refineries in the region in the near future, consequently hampering the overall growth of the global crude oil desalter market.
The report segments the market on the basis of two criteria: type and geography.
On the basis of type, the market is segmented into single stage, two stage, and three stage crude oil desalter. Of these, the market segment of two stage crude oil desalters held the leading position by accounting for more than 60% of the market in 2014, while the market segment of three stage crude oil desalter held the second largest share in the market.
On the basis of geography, the market is segmented into North America, Asia Pacific, Asia Pacific, Middle East and Africa, and Latin America. Of these, the market segment of Middle East and Africa held 35% of the global crude oil desalter market in 2014. Over the report’s forecast period, however, the market segment of Latin America is expected to expand at the fastest pace, with Asia Pacific expected to be the second fastest growing regional market.
The report also presents a detailed overview of the competitive landscape of the global crude oil desalter market with the help of detailed business profiles of some of the key vendors operating in the market, recent developments observed in the market, and activities such as mergers and acquisition. As such, the report presents a granular view of market’s competitiveness, and aids in effective decision making.
Some of the key vendors in the global crude oil desalter market, profiled in the report, are Canadian Petroleum Processing Equipment Inc., Croda International Plc., Agar Corporation Ltd., EN-FAB Inc., GasTech Engineering Corporation, Cameron International Corporation, Forum Energy Technologies Inc., Mackenzie Hydrocarbons Pty Ltd., Komax Systems Inc., and Petro Techna International Ltd.
The global crude oil desalter market has been segmented as follows:
Global Crude Oil Desalter Market: Type Analysis
- Single Stage Crude Oil Desalter
- Two Stage Crude Oil Desalter
- Three Stage Crude Oil Desalter
Global Crude Oil Desalter Market: Regional Analysis
- North America
- Asia Pacific
- Middle East & Africa
- Latin America
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
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