The global Crude Oil Flow Improvers Market survey report endows with the basic information about industry, definition, classification, application, industry chain structure, industry overview and international market analysis. This industry analysis report explains market analysis based on regional, local as well as global level. The research studies of this market document helps to evaluate several important parameters that can be mentioned as investment in a rising market, success of a new product, and expansion of market share. It is a comprehensive and proficient Crude Oil Flow Improvers Market report that focuses on primary and secondary market drivers, market share, leading segments and geographical analysis.
The wide ranging Crude Oil Flow Improvers Market report offers meticulous investigation of current scenario of the global market, which considers numerous market dynamics. Analytical study of this market document helps in mapping growth strategies to increase sales and build brand image in the market. Few of the major topics covered here can be named as market definition, market segmentation, competitive analysis and research methodology. Taking up such market research report is all the time beneficial for any company, whether it is a small scale or large scale, for marketing of products or services. The large scale Crude Oil Flow Improvers Market report looks for opportunities in the new geographical market.
Data Bridge Market Research analyses that the crude oil flow improvers market, valued at USD 1.69 billion in 2022, will reach USD 2.58 billion by 2030, growing at a CAGR of 5.44% during the forecast period of 2023 to 2030
Crude Oil Flow Improvers Market Scope and Segmentation
REPORT METRIC | DETAILS |
Forecast Period | 2023 to 2030 |
Base Year | 2022 |
Historic Years | 2021 (Customizable to 2015 - 2020) |
Quantitative Units | Revenue in USD Billion, Volumes in Units, Pricing in USD |
Segments Covered | Type (Emulsion Breakers, Paraffin Inhibitors, Asphaltene Inhibitors, Scale and Corrosion Inhibitors, Drag Reducing Agent, Hydrate and Hydrogen Sulfide Inhibitors, Viscosity Reducers, Pour Point, Pour Point Depressants, Triethanolamine, Polymer Blend, Others), Application (Extraction, Pipelines and Transportation, Processing, Refinery, Others), Supply Mode (Direct, Through Distributor) |
Countries Covered | U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America. |
Market Players Covered | Halliburton Energy Services, Inc. (U.S.), BASF SE (Germany), SLB (U.S.), CLARIANT (Switzerland), Dorf Ketal Chemicals (I) Pvt. Ltd. (U.S.), The Lubrizol Corporation (U.S.), Infineum International Limited (U.K.), WRT BV (Netherlands), PRODUCTION CHEMICAL GROUP (U.K.), Berkshire Hathaway Inc. (U.S.), Thermax Limited. (India), Ecolab (U.S.), Evonik Industries AG (Germany), NOV Inc (U.S.), Dow (U.S.), Innospec (U.S.), Sterling Auxiliaries Private Limited (India), Tricon Piping, Inc. (U.S.), Chevron Corporation. (U.S.), The Chemours Company, Chemours (U.S.) |
Market Opportunities |
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Market Definition
The term "crude oil flow improvers" refers to equipment used to maintain the viscosity of crude oil during processing and transportation. From the reservoir to the refinery, it offers appropriate solutions and additives that maximize production at every stage of crude oil extraction. It is employed to lower the energy needed for the artificial lifting of crude oil and for surface boosting, pipeline distribution, and processing. To lower viscosity, the pour point, and the drag coefficient of crude oil, crude oil flow improvers function as catalysts. Agents that reduce drag are also known as crude oil flow improvers. These are intricate blends of hydrocarbons with polar asphaltenes and non-polar n-paraffins. Since fresh crude is kept at a high temperature and relatively mobile.
Crude Oil Flow Improvers Market Dynamics
Drivers
- An increase in hydraulic fracturing activities leads to market growth
The market for crude oil flow improvers will expand due to rising hydraulic fracturing activities, soaring crude oil demand, and increasing investments in the creation of cutting-edge and technical products. To aid in developing oil and gas resources, governments of numerous nations are supporting hydraulic fracturing through various initiatives, including financial assistance, investment provisions, and tax incentives. This contributes to the market's expansion in a positive way. In addition, several producers are creating low-dose hydrate inhibitors that significantly reduce the need for additional chemical additives. As a result, the risk of hydrate plugs and line blockages is eliminated, which in turn is driving the market.
- Rising energy needs have fueled the market's expansion
The increased energy needs of the automotive industry have increased the demand for crude oil. The booming automotive industry is driving the global market for crude oil because electric vehicles are not the most affordable option and have a lot of room for improvement. Companies worldwide have started to adopt non-traditional methods, leaving behind the traditional ones due to the rising demand for fuel and to meet the energy requirements. The crude oil flow improvers market may benefit from further developing these techniques. Governments are also offering assistance through various programs, including financial and equipment support. This expands the flow improvers market globally. The standard of living and working conditions are rising in developing nations, creating more expansion in the market.
Opportunities
- Demand for paraffin and asphaltene inhibitors as crude oil hydrocarbon production rises
Crude oil's naturally occurring long-chain hydrocarbon paraffins restrict its flow, which raises power consumption and decreases the efficiency and longevity of pumps. Paraffin inhibitors help stop wax's surface build up on processing equipment, wellbore walls, and pipelines. Through the fact that they alter the temperature of the wax appearance, which enhances flow, they are frequently referred to as pour point dispersants or cold flow improvers. Asphaltene exists in heavy crude oils. Asphaltenes (tar) precipitate into deposits resembling black rocks when extracted or transported in a pipeline due to pressure and temperature changes, which impedes flow by creating a choke point. Asphaltene inhibitors stop the aggregation and precipitation of asphaltenes in channels.
- As crude oil demand rises, the market for crude oil flow improvers will expand
Over the forecast period, it is expected that crude oil flow improvers, which are widely used in the oil and gas industries, will be used even more frequently. The increased demand for crude oil in a new or existing refinery will lead to growth for crude oil flow improvers. The demand exceeds the capacity of other non-renewable energy sources, which prevents them from supplying it. Distribution and use must be carried out in a logistically sound manner. This significantly impacts the expansion of the international market. Crude oil flow improvers are utilized during transportation because they are the best option for exploration, transportation, and refinement processes.
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