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Global Crude Oil Desalter Market 2018-2022 | Increase in Refining Capacity to Improve Demand | TechnavioTechnavio analysts forecast the global crude oil desalter market to grow at a CAGR of nearly 2% during the forecast period, according to their latest market research report. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180817005207/en/ 
Technavio has published a new market research report on the global crude oil desalter market from 2018-2022. (Graphic: Business Wire) The integration of refinery and petrochemical operations is one of the major trends being witnessed in the global crude oil desalter market 2018-2022. Petrochemical products include polyethylene, fertilizers, and industrial chemicals. Such products are used in various industries. Petrochemicals are used in industries such as construction, packaging, agriculture, textiles, and manufacturing. The demand for petrochemical products in high in several industries and is expected to increase during the forecast period. This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing According to Technavio analysts, one of the key factors contributing to the growth of the global crude oil desalter market is the increase in refining capacity: Global crude oil desalter market: Increase in refining capacity The growth in demand for oil has led to an increase in the global refining capacity. Desalters are used in petroleum refineries to separate the components of complex crude mixtures such as gasoline and diesel. Thus, the increase in global refining capacity drives the growth of the global crude oil desalter market. According to a senior analyst at Technavio for research on oil and gas, "In 2009, there was a decline in refining capacity, however, it grew steadily between 2010 and 2014. The capacity of refineries is expected to increase steadily during the forecast period owing to the growing demand for oil globally. Thus, the increase in refining capacity will drive the growth of the global crude oil desalter during the forecast period." Global crude oil desalter market: Segmentation analysis The global crude oil desalter market research report provides market segmentation by product (multi-stage desalter and single-stage desalter) and by region (the Americas, EMEA, and APAC). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges. The multi-stage desalter segment held the largest market share in 2017, accounting for nearly 72% of the market. This product segment is expected to dominate the global market throughout the forecast period. EMEA led the market in 2017 with a market share of nearly 37%. The region is expected to dominate the market through 2022, however, there will be a decrease in its market share. Looking for more information on this market? Request a free sample report Technavio's sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more. Some of the key topics covered in the report include: Market Landscape
Market Sizing
Five Forces Analysis Market Segmentation Geographical Segmentation
Market Drivers Market Challenges Market Trends Vendor Landscape
About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. If you are interested in more information, please contact our media team at [email protected]. View source version on businesswire.com: https://www.businesswire.com/news/home/20180817005207/en/ |
