Oil Water Separator Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Oil Water Separator Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of Oil Water Separator Market

The oil water separator market size was valued at USD 2.75 billion in 2023 and is expected to reach a valuation of USD 2.85 billion in 2024. The market is predicted to touch USD 4.07 billion by 2032, recording a CAGR of 4.58% during the forecast period of 2024-2032.

An oil water separator is a device that is specifically designed to separate or remove oil from water. It plays a central role in industries, such as oil & gas, automotive, and food & beverage, where the generation of oil-rich wastewater is quite high. The separator makes use of technologies, such as gravity separation or coalescing to separate oil from water effectively. The increasing adoption of sustainable industrial practices and rising government support for the same will positively impact the oil water separator market growth.

The COVID-19 pandemic slowed the market’s development as there was a sudden slump in industrial activities due to nationwide lockdowns, which caused supply chain disruptions. This led to lesser generation of wastewater, which ultimately reduced the product demand.

One major factor contributing to the market’s development is the rising inclination toward sustainable industrial practices. Many municipalities and industries are adopting eco-friendly industrial operations as they are becoming more aware of the harms of releasing untreated wastewater into the environment. Using oil water separators can help them decrease their pollution levels significantly as these devices are equipped with various technologies that can be effective in separating oil from water.

Another important factor positively impacting the market is the growing popularity of these separators in several industries, including petrochemical, oil & gas, and automotive. Since these instruments are equipped with innovative technologies, they can be effectively used to treat wastewater before releasing it into the environment. This will help the industries comply with the stringent environmental regulations.

Comprehensive Analysis of Oil Water Separator Market

The market has two segments: technology and end-user. Based on technology, the market is segmented into gravity, sponge, coalescing, centrifuge, and others. The gravity segment has emerged as the dominant segment in the market as separators equipped this technology can effectively remove oil from water with their simplistic design. They also incur lower maintenance and operational costs, making them an ideal option for small and medium-scale industries.

Based on end-user, the market is divided into industrial, marine, aerospace, power generation, defense, and others. The industrial segment dominates the global oil water separator market share as industries, such as automotive, petrochemical, metal manufacturing, and food processing generate large volumes of wastewater every day, thereby significantly increasing the use of these separators.

The oil water separator market’s study covers regions, such as North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Out of these regions, Asia Pacific has held a dominant global market share due to the substantial expansion of sectors, such as oil & gas and chemicals.

Some of the top companies operating in this market include Veolia, HydroFloTech, Highland Tank, Victor Marine Ltd., Wartsila, Ultraspin, Parkson Corporation, Mercer International, Schlumberger (SLB), Llalco Fluid Technology SL, EnekaUAB, and Ellis Corporation. These market players are increasing their research & development efforts to launch novel technologies that can effectively handle oil-rich wastewater.

July 2023: International Technology Group andritz AG announced the expansion of its range of three-phase decanter centrifuges, which are used in oil recovery processes, by introducing new models that are designed for high-pressure industrial oil recovery applications. These reliable and durable machines are ideal for use in both ATEX Zone 1 and Zone 2 environments. The new centrifuges can effectively extract high-purity oil from contaminated sources, including crude oil and slop, and from cleaning processes involving lagoons, lakes, and tanks, along with the API separator sludge.

Table of Segmentation

Global Oil Water Separator Market Scope

Study Period 2019-2032

Base Year 2023

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 4.58% from 2024 to 2032

Unit Value (USD Billion)

Segmentation By Technology, End-user, and Region

Segmentation By Technology

Gravity

Sponge

Coalescing

Centrifuge

Other

By End-User

Industrial

Marine

Aerospace

Power Generation

Defense

Others

By Country

North America (By Technology, End-User, and Country)

U.S. (By End-User)

Canada (By End-User)

Europe (By Technology, End-User, and Country)

Germany (By End-User)

UK (By End-User)

France (By End-User)

Spain (By End-User)

Italy (By End-User)

Russia (By End-User)

Rest of Europe (By End-User)

Asia Pacific (By Technology, End-User, and Country)

China (By End-User)

India (By End-User)

Japan (By End-User)

Australia (By End-User)

Southeast Asia (By End-User)

Rest of Asia Pacific (By End-User)

Latin America (By Technology, End-User, and Country)

Brazil (By End-User)

Mexico (By End-User)

Rest of Latin America (By End-User)

Middle East & Africa (By Technology, End-User, and Country)

GCC (By End-User)

South Africa (By End-User)

Rest of the Middle East & Africa (By End-User)