Crude oil is one of the most actively traded commodities with a stable growth rate globally. It is extracted from remote locations and needs to be transported through pipelines. Transportation of crude oil via pipeline is relatively difficult, owing to its viscosity and requirement of economical and efficient mode of transferring the oil. Thus, control over viscosity of the heavy oil is important for long distance transport without affecting the quality or state. Crude oil flow improvers maintains the viscosity of crude oil during processing and transportation. Moreover, it acts as additives that deliver apt solutions in all the stages of crude oil extraction from reservoir to refinery and maximize the production. These improvers are also known as drag reducing agents, which are injected into pipeline fluids to reduce turbulence. Moreover, these are employed on a wide scale among oil pipelines to increase the flow capacity and reduce the energy loss in pipelines.
The market is driven by the increase in crude oil production globally, to cater to the high demand, and rise in demand for crude oil flow improvers from the developing markets such as Middle East and Africa. Moreover, growth in hydraulic fracturing is expected to increase the demand for crude oil flow improvers. However, steady decline in crude oil prices and environmental concerns are expected to hamper the market growth in the near future. Furthermore, the production of crude oil flow improvers from renewable resources is expected to provide a substantial growth opportunity in the near future.
Global Crude Oil Flow Improvers market size will increase to 2210 Million US$ by 2026, from 1410 Million US$ in 2020, at a CAGR of 5.8% during the forecast period. In this study, 2020 has been considered as the base year and 2021 to 2026 as the forecast period to estimate the market size for Crude Oil Flow Improvers.
This report covers the present status and the future prospects of the global Crude Oil Flow Improvers market for 2015-2026.
The report offers detailed coverage of Crude Oil Flow Improvers industry and main market trends. The market research includes historical and forecast market data, demand, application details, price trends, and company shares of the leading Crude Oil Flow Improvers by geography. The report splits the market size, by volume and value, on the basis of application type and geography.
And in this report, we analyze global market from 5 geographies: Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia], Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland], North America[United States, Canada, Mexico], Middle East & Africa[GCC, North Africa, South Africa], South America[Brazil, Argentina, Columbia, Chile, Peru].
Key Companies
Halliburton Company, Baker Hughes, Nalco Champion, BASF SE, Schlumberger, Clariant, Dorf Ketal, Lubrizol Specialty Products, Inc., Infineum, Evonik Industries, WRT BV, Production Chemical Group, Rodanco, Partow Ideh Pars, Phillips Specialty Products Inc.
Market Segment as follows:
Market by Order Type
Paraffin Inhibitors
Asphaltene Inhibitors
Scale Inhibitors
Hydrate Inhibitors
Crude Oil Flow Improvers Breakdown Data by Application
Extraction
Pipeline
Refinery
Crude Oil Flow Improvers Production market while maintaining their competitive edge over their competitors. The report offers detailed and crucial information to understand the overall market scenario.
By Region
Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia]
Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
North America[United States, Canada, Mexico]
Middle East & Africa[GCC, North Africa, South Africa]
South America[Brazil, Argentina, Columbia, Chile, Peru]
The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Crude Oil Flow Improvers market for the forecast period 2021 - 2026?
• What are the driving forces in the Crude Oil Flow Improvers market for the forecast period 2021 - 2026?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Crude Oil Flow Improvers industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?
Note – In order to provide more accurate market forecast, all our reports will be updated before delivery by considering the impact of COVID-19.