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.
The global Crude Oil Flow Improvers market is valued at 1410 million US$ in 2018 is expected to reach 2210 million US$ by the end of 2025, growing at a CAGR of 5.8% during 2019-2025.
This report focuses on Crude Oil Flow Improvers volume and value at global level, regional level and company level. From a global perspective, this report represents overall Crude Oil Flow Improvers market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan.
At company level, this report focuses on the production capacity, ex-factory price, revenue and market share for each manufacturer covered in this report.
The report includes an in-depth analysis of the competitive landscape of this business vertical, constituting manufacturers like:
Lubrizol Specialty Products
Production Chemical Group
Partow Ideh Pars
Phillips Specialty Products
Market Segment by Regions includes:
Products Segmentation, this report displays the production, revenue, price, market share, and growth rate of each type as below:
By Industrial Application, the market can be split into:
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