Crude Oil Flow Improvers Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Crude Oil Flow Improvers Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

  • November 2021 •
  • 141 pages •
  • Report ID: 6185722 •
  • Format: PDF
The global crude oil flow Improvers market exhibited moderate growth during 2015-2020.

Looking forward, the analyst expects the market to grow at a CAGR of around 5% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end-use industries. These insights are included in the report as a major market contributor.

Crude oil is a highly viscous fluid at ambient temperature, which gradually becomes thicker and sluggish when transported long distances through pipelines. This leads to the formation of wax crystals on the pipeline walls from where it is being produced, carried, or stored. As a result, flow improvers are used to minimize the pour points and viscosity of waxy crude oils. They are energy-efficient and economical chemical additives that help reduce operational costs and improve production performance. Presently, manufacturers worldwide are focusing on developing flow improvers with enhanced operational safety and adaptability.

Crude Oil Flow Improvers Market Trends:
Rising oil and gas exploration activities around the world on account of the escalating demand for energy represents one of the key factors impelling the market growth. Moreover, due to depleting oil and gas reserves, hydraulic fracturing is gaining traction to reach previously inaccessible oil and gas resources. Governments of numerous countries are supporting hydraulic fracturing through various initiatives like financial assistance, investment provisions, and tax incentives to facilitate the development of oil and gas resources. This acts as another factor positively influencing the growth of the market. Apart from this, several manufacturers are developing low-dose hydrate inhibitors that substantially minimize the need for other chemical additives. This eliminates the risk associated with hydrate plugs and line blockages, which, in turn, is driving the market. They are also engaging in joint ventures and mergers and acquisitions (M&A) to introduce advanced products that help minimize rig time, improve the overall productivity of oil wells, and ensure environmental safety.

Key Market Segmentation:
the analyst provides an analysis of the key trends in each sub-segment of the global crude oil flow Improvers market, along with forecasts at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, product and application.

Breakup by Product:
Paraffin Inhibitors
Asphaltene Inhibitors
Scale Inhibitors
Hydrate Inhibitors

Breakup by Application:

Breakup by Region:
North America
United States
South Korea
United Kingdom
Latin America
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Baker Hughes Company, BASF SE, Berkshire Hathaway Inc., Clariant AG, Dorf Ketal Chemicals Pvt. Ltd., Ecolab Inc., Evonik Industries AG (RAG-Stiftung), Halliburton Company, Infineum International Limited, Schlumberger Limited and Thermax Limited. Key Questions Answered in This Report:
How has the global crude oil flow improvers market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global crude oil flow improvers market?
What are the key regional markets?
What is the breakup of the market based on the product?
What is the breakup of the market based on the application?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global crude oil flow improvers market and who are the key players?
What is the degree of competition in the industry?