Before
crude oil can be refined, it needs to be put through a pretreatment
process which removes impurities such as suspended solids, inorganic
salts, water, and even water-soluble trace metals. The desalted
water, which is a byproduct of the desalting process, is often very
hot and needs to be cooled adequately before it is piped into other
water treatment systems. These critical processes are carried out
using a crude oil desalter. While desalters are indeed an important
component of the crude oil refining process, the market for crude oil
desalters will not fare exceptionally well in the near future. This
is because of a reduction in the demand for refined petroleum
products, especially in the Europe region.
Browse
Crude Oil Desalter Market Report with Full TOC at
http://www.transparencymarketresearch.com/crude-oil-desalter-market.html
This
will also impact the global crude oil desalter market, causing it to
expand at a meager CAGR of 2.54% from 2015 and 2023. Transparency
Market Research says that the market for crude oil desalters
approximated US$78.42 million in 2014. Based on the CAGR forecast for
this market, it will be worth US$98.78 million by 2023, says the
market intelligence firm.
Demand
for Two-Stage Crude Oil Desalters Was Highest in 2014
Two-stage
crude oil desalters are the most widely used types of desalters. In
2014, they accounted for about 60% of the global crude oil desalter
market. The demand for three-stage crude oil desalters was also
appreciable, but not as much as two-stage crude oil desalters. From
the geographical standpoint, Middle East and Africa represented the
largest regional market for crude oil desalters in the year 2014.
Although
the crude oil desalters market will be impacted by the current
uncertainty in the crude oil industry, other emerging applications of
desalters in fluid catalytic cracking (FCC) will help the market stay
on track.
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Rise
in Construction of New Refineries is Key Driver of Crude Oil Desalter
Market
As
the energy sector in emerging economies continues to progressively
expand, so will the number of crude oil refineries. The higher the
number of crude oil refineries, the greater will be the demand seen
for crude oil desalters. According to the International Energy
Agency’s Oil Market Report, the global demand for oil in the second
quarter of 2015 stood at 93.5 million barrels per day. The report
projects that the same will rise to 94.79 million barrels per day in
the second quarter of 2016. A growth in the demand for oil worldwide
will directly create the need for more refining capacity, indirectly
stimulating the global crude oil desalters market.
Cutback
in Refined Petroleum Product Imports is Key Threat to Crude Oil
Desalter Market
urope
is regarded as an early adopter in the renewable energy sector,
driven essentially by the very rigid environmental regulations that
prevail here. This has translated to reduced dependence on
conventional energy sources such as crude oil. According to an Energy
Trends article published on the Eurostat website, the crude oil does
continue to remain the leading source of energy for the European
region – but decreasingly so. According to the website, crude oil
was the highest imported fuel source in Europe in 2013 at 530,000
ktoe. However, as compared to 2008, this indicates a decline of
13.8%.
Analysts
expect that the decreased imports of gasoline and diesel will lead to
a decline in the Europe crude oil desalters market, thus impacting
the worldwide market as well.
Browse
TMR Blog Energy Reports :
http://www.tmrblog.com/search/label/Energy
About
Us
Transparency
Market Research (TMR) is a market intelligence company, providing
global business information reports and services. Our exclusive blend
of quantitative forecasting and trends 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.
Our
data repository is continuously updated and revised by a team of
research experts, so that it always reflects the latest trends and
information. With a broad research and analysis capability,
Transparency Market Research employs rigorous primary and secondary
research techniques in developing distinctive data sets and research
material for business reports.
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