Crude Oil Desalter Market Size & Share, by Type (Infrastructure, Consumables); Product Type (Single-stage, Two-stage, Three-stage); Industry Vertical (Oil Field, Oil Refineries, FCC Feed Desalting, Heavy Crude Desalting, Distillate Treating); Application (Upstream, Midstream, Downstream) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 5348
  • Published Date: Oct 30, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

Crude Oil Desalter Market size is anticipated to surpass USD 282 Million by the end of 2036, growing at a CAGR of 4% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of crude oil desalter was over USD 201 Million. The expansion of investments in new refinery construction and refinery upgrades is responsible for the market growth, which is anticipated to continue. The majority of future petroleum refineries are located in Asia. 88 new facilities were either being planned or built as of 2021.

The crude oil desalter market will be driven by rising demand for desalter and dehydrator machinery to reduce the salt and water content upstream and downstream. The two salts that are most frequently found in crude oil are calcium chloride and magnesium chloride. Unrefined petroleum contains salts that cause corrosion and poison catalysts.


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Crude Oil Desalter Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

~ 4%

Base Year Market Size (2023)

 ~ USD 201 Million

Forecast Year Market Size (2035)

 ~ USD 282 Million

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

Crude Oil Desalter Sector: Growth Drivers and Challenges

Market-Growth-Drivers

Growth Drivers

  • Increasing Consumption of Crude Oil Globally – Demand for houses, public and personal transportation facilities, etc., is rising with the increase in global population. Also, the demand for crude oil is directly proportional to the growth of global energy demand and a multitude of other macroeconomic factors, ranging from disposable income to a rate of urbanization. Also, the consistent emergence of new petroleum refineries and production units with in-house crude oil desalting and dehydrating facilities is expected to accelerate the crude oil desalter market growth.
  • Increase in Offshore Production of Crude Oil – Oil production evolved into a more complex process, moving from onshore to offshore in shallow waters, then from shallow waters to deeper oceans with harsher surroundings. The offshore drilling business has more difficulties than the onshore industry due to the environment it operates in, which drives the cost of producing oil. However, whether oil is produced onshore or offshore, the market price is the same.
  • Increased Adoption of Desalter Equipment – The expansion of the crude oil desalter market will be driven by rising demand for desalter and dehydrator equipment to reduce the amount of salt and water in upstream and downstream processes. Calcium chloride, sodium chloride, and magnesium chloride are the three salts that are most frequently found in raw petroleum. Unrefined petroleum contains salts that cause corrosion and poison catalysts.

Challenges

  • Growing Investment in Renewable Power Generation – The consumption and utilization of renewable power generation are increasing rapidly due to which the crude oil desalter market growth of crude oil desalter may restrain. In 2021, the world's power sector grew by 5%. Additionally, renewable energy dominated investments in the new generation, accounting for 70% of the USD 530 billion in total expenditures on all new generation capacity in 2021. Therefore, this factor may hinder the market growth during the forecast period.
  • High Operating Costs May Hamper the Market Growth
  • Lack of Skilled Labour may Restraint the Market Growth


Crude Oil Desalter Segmentation

Product Type (Single-stage, Two-stage, Three-stage)

The two-stage segment is anticipated to hold 50% share of the global crude oil desalter market during the forecast period. Two-stage desalters are highly efficient and they remove 95%-98% of salts from crude oil. Comprising two coalesces, a two-stage desalter is preferred to attain excess water dilution or to attain the desired concentration of the desired salt. Crude with salt concentrations up to 100 PTB and 0.1 to 0.2% water can be a much less expensive feedstock for those employing a two-stage desalter system. The flowability of crude is improved by cleaning pipes, pumps, heat exchangers, etc. Therefore, these factors are driving the growth of the segment.

Industry Vertical (Oil Field, Oil Refineries, FCC Feed Desalting, Heavy Crude Desalting, Distillate Treating)

Crude oil desalter market from the oil refineries segment is projected to hold a share of 36% during the forecast period. The market growth can be attributed to the growing consumption of petroleum products such as gasoline, jet fuel, and lubricants. Also, strict government regulations about carbon emissions and a positive outlook toward the aviation and road transportation sectors are some of the factors augmenting the demand for refined products. Furthermore, rapid industrialization and urbanization coupled with a rise in population across developing economies, such as China, and India, led to a surge in demand for passenger commercial vehicles. Attributed to the growing number of vehicles across these countries, is the demand for petroleum and diesel. Also, to meet growing demand, countries such as India, are aiming to double their refining capacity to around 450-500 million tons in the next ten years by setting up a new refinery.

Our in-depth analysis of the global crude oil desalter market includes the following segments:

                                                            Type

  • Infrastructure
  • Consumables

                                                     Product Type

  • Single-stage
  • Two-stage
  • Three-stage

                                                    Industry Vertical

  • Oil Field, Oil Refineries
  •  FCC Feed Desalting
  •  Heavy Crude Desalting
  •  Distillate Treating

                                                       Application

  • Upstream
  • Midstream
  • Downstream

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Crude Oil Desalter Industry - Regional Synopsis

Middle East and Africa Market Forecast

Middle East and Africa crude oil desalter market is poised to hold a share of 36% during the forecast period. Large crude oil reserves and considerable investments in new refineries in GCC nations are driving market expansion in the region, which can be linked to the increase. For instance, nations like Saudi Arabia and the United Arab Emirates have recently built sizable crude oil refineries and have plans to increase the capacity of current ones. During the anticipated timeframe, this is predicted to improve market statistics in the Middle East and Africa.

North American Market Statistics

The crude oil desalter market in North America is expected to hold a share of 28% during the forecast period. The market growth can be accredited to the growing production of crude oil in the region recently. Oil and natural gas resources from shale rock formations are now accessible through horizontal drilling and multistage hydraulic fracturing, which were previously either technically or economically impractical to produce. The amount of oil sands production in Western Canada has also increased dramatically. Overall, North American output increased by nearly 45% during five years, from 7.5 million barrels per day in 2008 to 11.0 million barrels per day in 2013. Also, increasing investment in the construction of new refineries is accelerating the market growth in the region. The United States' oil refinery capacity in 2022 was roughly 18.1 million barrels per day. Therefore, these factors are likely to impact the market positively during the foreseen period.

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Companies Dominating the Crude Oil Desalter Landscape

top-features-companies
    • Forum Energy Technologies, Inc
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Hindustan Petroleum Corporation Limited (HPCL)
    • VME Companies
    • ExxonMobil Corporation
    • Marathon Petroleum

In-the-news

In The News

  • Forum Energy Technologies, Inc. has been awarded an approximately $25 million contract to design, engineer, and supply four electrostatic desalter systems for an onshore project at the Safaniyah oil field, Kingdom of Saudi Arabia. The desalter systems will utilize FET’s EDGETM desalting technology, ForuMixTM high-efficiency multiphase mixer technology, as well as in-house manufacturing capabilities at FET’s facility in Dammam, Saudi Arabia.
  • In April 2020, VME was awarded a dehydration and desalting project for the Nassiriya Degassing Station in Thiqar, Iraq. The contract comes through Progetti Europa & Global for the end user Thiqar Oil Company.

Author Credits:  Payel Roy, Dhruv Bhatia


  • Report ID: 5348
  • Published Date: Oct 30, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Increasing consumption of crude oil globally, increase in offshore production of crude oil and increased adoption of desalter equipment are some of the factors driving the market growth.

The market size of crude oil desalter is anticipated to attain a CAGR of 4% over the forecast period, i.e., 2024-2036.

The major players in the market are Hindustan Petroleum Corporation Limited (HPCL), VME Companies, ExxonMobil Corporation, Marathon Petroleum, Fuji Oil Company, Idemitsu Kosan Co., Ltd., JGC Holdings Corporation, ENEOS Corporation, Seibu Oil Company Co., Ltd., Forum Energy Technolgies Inc and others.

The two-stage segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the Middle East and Africa region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
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