Global Crude Oil Flow Improvers Market is segmented by Type (Paraffin Inhibitors, Asphaltene Inhibitors, Scale Inhibitors, Drag Reducing Agent and Hydrate Inhibitors), by Application (Extraction, Pipeline and Refinery) and Region (North America, Europe, Asia-Pacific, Middle East & Africa and South America) is anticipated to reach US$ 2.031 Mn by 2026, growing at a CAGR of 6.26 % during the forecast period.
To cater high demand of crude oil it is essential to distribute the crude oil efficiently, this has resulted into rise in demand for crude oil flow improvers globally. Furthermore, growth in hydraulic fracturing is expected to increase the demand for crude oil flow improvers. However, steady decline in crude oil demand owing to government focus toward non-renewable energy and environmental concerns hampers the market growth in the near future. Failure of other non-renewable energy resources are not able to meet the global energy demand presents the opportunity for global crude oil flow improver market.
Asphaltene inhibitors segment is estimated as fastest growing in the global crude oil flow improver market.
Asphaltene molecules, present in most of the liquid & gas streams, can clog pipelines, minimize production flow, and lead to production & efficiency losses. Asphaltene inhibitors helps reducing the precipitation of asphaltene from crude oil and increases the production potential to avoid deposition in flowlines.
Pipeline segment is projected to register the fastest CAGR of 6.6%.
Rising import export and distribution of crude oil across world drives the pipeline segment market during the forecasts period. Safe and efficient features of pipeline for distribution of crude oil market. Rising scaling issues in pipeline distribution due to sour and heavy properties further stimulates the segment growth.
North America region held the largest share in 2017.
Presence of a large number of crude oil reserves in the region is expected to drive growth of market in the region. Though, removal of approvals on oil & gas industry of Iran is expected to lower the growth of oil & gas business of North America, which in turn limiting the revenue growth of the global crude oil flow improvers market over the forecast period. North America contributes more than half of the market share, owing to rapid technological advancements, increasing demand for crude oil due to high need for polymers. Recent developments in shale oil technology in the U.S & Canada and oversupply of crude oil in the global market are the key challenges for crude oil flow improvers market. Additionally, the
The report covers a study of marketing and development strategies, along with the product portfolios of leading companies are Halliburton Company, Baker Hughes, Nalco Champion, BASF SE, Schlumberger, Clariant, Dorf Ketal, Lubrizol Specialty Products, Inc., Infineum, Evonik Industries, WRT BV, Production Chemical Group, Rodanco, Partow Ideh Pars and Phillips Specialty Products Inc.
Maximize market research, a global market research firm with dedicated team of specialists and data has carried out extensive research about the global crude oil flow improver market. Report encompasses the market by different segments and region, providing the in-depth analysis of overall industry ecosystem, useful for taking informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the crude oil flow improver market. The driving forces as well as considerable restraints have been explained in depth. In addition to this, competitive landscape describing about the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain global crude oil flow improver market positioning of competitors.
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