Crude oil desalter market to reach US$98.78 million

A report published by Transparency Market Research has stated that the global crude oil desalter market is likely to reach US$98.78 million by 2023, expanding at a CAGR of 2.54% between 2015 and 2023. According to the report, entitled Crude Oil Desalter – Global Industry Analysis, Size, share, Growth Trends and Forecast, 2015 – 2023, the global crude oil desalter market stood at US$78.42 million in 2014.

Crude oil desalters remove salts and impurities from crude oil. Significant increase in the number of new refineries under construction has augmented the demand for crude oil desalters across the globe. Additionally, expansions of existing refineries have boosted the demand for desalters and increasing usage of desalters in other applications such as fluid catalytic cracking (FCC) units has also boosted the demand for crude oil desalters.

The global crude oil desalter market has been divided on the basis of type into single stage crude oil desalter, two stage crude oil desalter, and three stage crude oil desalter. Two stage crude oil desalter was the largest type segment of the global crude oil desalter market, accounting for more than 60% of the market share, in 2014, and three stage crude oil desalter was the second-largest type segment.

Edited from press release by Angharad Lock

Read the article online at: https://www.hydrocarbonengineering.com/refining/02092015/crude-oil-desalter-market-to-reach-us98-million-1332/