Lucintel's latest market report analyzed that demulsifier based oilfield chemical provides attractive opportunities in the crude oil, petro refinery, lubricant manufacturing, oil-based, power plant, and sludge oil treatment applications. The demulsifier based oilfield chemical market is expected to reach $3.5 billion by 2028 with a CAGR of 5.5%. In this market, oil soluble is the largest segment by product type, whereas crude oil is largest by application.
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Based on product type, the demulsifier based oilfield chemical market is segmented into oil soluble and water soluble. The oil soluble segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to its increasing application in the crude oil industry for demulsification of water-in-oil and oil-in-water emulsions.
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The DemulsifierBased Oilfield Chemical Market is marked by the presence of several big and small players. Some of the prominent players offering demulsifier based oilfield chemical include Baker Hughes Incorporated, Clariant, The Dow Chemical, Croda International, Halliburton, Schlumberger, BASF SE, Nouryon, and Momentive Performance Materials.
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