The latest report by IMARC Group, titled “Crude Oil Flow Improvers Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“. The global crude oil flow improvers market size reached US$ 1.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 2.3 Billion by 2028, exhibiting a growth rate (CAGR) of 6.04% during 2023-2028.

Crude oil flow improvers, often referred to as flow enhancers or pour point depressants, are chemical additives used in the oil and gas industry to enhance the transportation and processing of crude oil. They are vital for maintaining the fluidity of crude oil, particularly in cold or suboptimal operating conditions. Crude oil, being a complex mixture of hydrocarbons, can become viscous and even solidify at lower temperatures, causing flow issues during extraction, transportation, and refining processes. Crude oil flow improvers work by reducing the intermolecular forces that cause these issues, effectively lowering the pour point (the temperature at which crude oil begins to flow) and improving the oil’s ability to flow smoothly. These additives are invaluable for optimizing pipeline and tanker transportation, preventing clogs and blockages, and ensuring a consistent and efficient supply of crude oil to refineries. At present, crude oil flow improvers find extensive applications in the oil and gas industry across the globe to maintain operational reliability and productivity.

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/crude-oil-flow-improvers-market/requestsample

Crude Oil Flow Improvers Market Trends and Drivers:

The global crude oil flow improvers market is primarily driven by the escalating adoption of crude oil as a primary source of fuel for transportation, industrial processes, and energy generation due to the rising demand for energy, especially in emerging economies. Apart from this, several geopolitical factors, such as rising tensions in major oil-producing regions or decisions made by oil-exporting countries, can lead to supply disruptions and fluctuations in oil prices. Additionally, the global shift toward cleaner energy sources owing to the heightened environmental concerns and regulatory efforts to reduce carbon emissions, affecting the long-term outlook for crude oil, has catalyzed market growth. Besides this, ongoing technological advancements in drilling and extraction techniques that can influence the availability of crude oil reserves are propelling market growth. Furthermore, the increasing instances of unforeseen events, such as natural disasters, pandemics, or political unrest, that can have significant and immediate effects on crude oil production and pricing are contributing to market growth.

Report Segmentation:

The report has segmented the market into the following categories:

Breakup by Product:

  • Paraffin Inhibitors
  • Asphaltene Inhibitors
  • Scale Inhibitors
  • Hydrate Inhibitors

Breakup by Application:

  • Extraction
  • Transportation
  • Refinery

Market Breakup by Region:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa

Competitive Landscape with Key Player:

  • 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
  • Thermax Limited.

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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