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.  
Browse 63 Market Tables, 177 Figures spread through 140 slides and an in-depth TOC on “Refinery Process Additives Market (2018 - 2023)

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.

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.

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.

Browse Related Reports:

About IndustryARC:

IndustryARC is a research and consulting firm that publishes more than 500 reports annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare.

IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications of the Market. Our Custom Research Services are designed to provide insights on the constant flux in the global demand-supply gap of markets. Our strong analyst team enables us to meet the client research needs at a very quick speed with a variety of options for your business.

We look forward to support the client to be able to better address customer needs; stay ahead in the market; become the top competitor and get real-time recommendations on business strategies and deals. Contact us to find out how we can help you today.

Contact Us:
Mr. Venkateshwar Reddy
Business Development Manager 
Contact Sales: 1-614-588-8538 (Ext-101)
Connect with us on LinkedIn -