The Business Research Company’s report on the Crude Oil Flow Improvers Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
How are market drivers shaping the future growth trajectory of the crude oil flow improvers industry?
Increasing demand for crude oil is expected to drive the crude oil flow improvers market going forward. A mixture of hydrocarbons known as crude oil is one that is found in naturally occurring subsurface reservoirs in the liquid phase and continues to be liquid at atmospheric pressure after passing through surface-separating equipment. Crude oil flow improvers are used to maintain the viscosity of crude oil. For instance, in October 2023, according to the US Energy Information Administration, a US-based federal statistical system for gathering, processing, and disseminating energy data, there is an increase in U.S. crude oil output to 12.4 million b/d in 2023 from the record high of 11.7 million b/d in 2022. Therefore, increasing demand for crude oil is driving the demand for the crude oil flow improvers market.
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What is the estimated market size of the crude oil flow improvers sector by 2029, based on current forecasts?
The crude oil flow improvers market size has grown strongly in recent years. It will grow from $1.83 billion in 2024 to $1.95 billion in 2025 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to high viscosity oil, rise in enhanced oil recovery (EOR), demand for cost efficiency, regulatory compliance, growing oil production.
The crude oil flow improvers market size is expected to see strong growth in the next few years. It will grow to $2.52 billion in 2029 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be attributed to focus on environmental impact, demand for enhanced pipeline efficiency, increased heavy crude oil production, emerging market demand, rise in unconventional oil extraction, expansion in shale oil production, demand for low dosage solutions. Major trends in the forecast period include focus on offshore oil operations, economic pipeline operations, shift towards EOR methods, technological innovations.
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Who are the top players in the crude oil flow improvers market?
Major companies operating in the crude oil flow improvers market are Clariant AG, Halliburton Company, BASF SE, Baker Hughes Company, Nalco Champion, Dorf Ketal Chemicals India Private Limited, Infineum International Limited, LiquidPower Specialty Products Inc., Flowchem, Innospec Inc., Oil Flux Americas, The Zoranoc Oilfield Chemical Company, Phillips Specialty Products Inc., Evonik Industries AG, WRT BV, Production Chemical Group, Rodanco, Partow Ideh Pars, Schlumberger Limited, The Lubrizol Corporation, Croda International PLC, AkzoNobel N.V., Arkema S.A., Ecolab Inc., Chemtura Corporation, The Dow Chemical Company, Huntsman Corporation, Chevron Oronite Company LLC, Afton Chemical Corporation, Niacet Corporation
What are the major trends in the crude oil flow improvers market?
Major companies operating in the crude oil flow improvers market are innovating new products, such as the PHASETREAT WET, to provide reliable services to customers. PHASETREAT WET is a sustainable demulsification process for the oil and gas industry. For instance, in January 2023, Clariant AG, a Switzerland-based chemicals company, launched PHASETREAT WET. PHASETREAT WET is a demulsification technology that reduces demulsifier dosages by up to 75% compared to current solutions, optimizing onshore and offshore operations. It is designed to overcome challenges inherent in traditional oil production processes.
Which geography holds the highest crude oil flow improvers market share?
North America was the largest region in the crude oil flow improvers market share in 2024. Asia-Pacific is expected to be the fastest-growing region in the global crude oil flow improvers market during the forecast period. The regions covered in the crude oil flow improvers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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How do different segments contribute to the overall expansion of the crude oil flow improvers market?
The crude oil flow improvers market covered in this report is segmented –
1) By Product: Paraffin Inhibitors, Asphaltene Inhibitors, Scale Inhibitors, Hydrate Inhibitors
2) By Application: Extraction, Transportation, Refinery
Subsegments:
1) By Paraffin Inhibitors: Ethylene Vinyl Acetate (EVA) Copolymers, Polymers And Surfactants
2) By Asphaltene Inhibitors: Solvent-Based Inhibitors, Surfactant-Based Inhibitors
3) By Scale Inhibitors: Phosphate-Based Inhibitors, Polyacrylate-Based Inhibitors
4) By Hydrate Inhibitors: Methanol, Glycol, Anti-Hydrate Surfactants
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How is the crude oil flow improvers market defined, and what are its core characteristics?
The crude oil flow improvers refer to use of tools to preserve the viscosity of crude oil during processing and transportation by crude oil flow improvers. Additionally, it serves as additives that maximize production and provide suitable solutions at every stage of crude oil extraction, from reservoir to refinery. It is used for reducing the energy required for processing, pipeline distribution, surface boosting, and artificial lift of crude oils.
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