Global Crude Oil Flow Improvers Market, By Type (Emulsion Breakers, Paraffin Inhibitors, Asphaltene Inhibitors, Scale and Corrosion Inhibitors, Drag Reducing Agent, Hydrate and Hydrogen Sulfide Inhibitors, Viscosity Reducers, Pour Point, Pour Point Depressants, Triethanolamine, Polymer Blend, Others), Application (Extraction, Pipelines and Transportation, Processing, Refinery, Others), Supply Mode (Direct, Through Distributor) – Industry Trends and Forecast to 2030.
Crude Oil Flow Improvers Market Analysis and Size
Control over the viscosity of the heavy oil is essential for long-distance transport without affecting the quality or state. Crude oil flow improvers maintain the consistency of crude oil during processing and transportation. Moreover, it acts as an additive that delivers apt solutions in all the stages of crude oil extraction from the reservoir to the refinery and maximizes production. This additive is used as a drag-reducing component and also added in pipeline fluids for maximizing turbulence, preventing blockage, and decreasing energy loss
Data Bridge Market Research analyses that the crude oil flow improvers market, valued at USD 1.69 billion in 2022, will reach USD 2.58 billion by 2030, growing at a CAGR of 5.44% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Crude Oil Flow Improvers Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015 - 2020)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Emulsion Breakers, Paraffin Inhibitors, Asphaltene Inhibitors, Scale and Corrosion Inhibitors, Drag Reducing Agent, Hydrate and Hydrogen Sulfide Inhibitors, Viscosity Reducers, Pour Point, Pour Point Depressants, Triethanolamine, Polymer Blend, Others), Application (Extraction, Pipelines and Transportation, Processing, Refinery, Others), Supply Mode (Direct, Through Distributor)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Market Players Covered
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Halliburton Energy Services, Inc. (U.S.), BASF SE (Germany), SLB (U.S.), CLARIANT (Switzerland), Dorf Ketal Chemicals (I) Pvt. Ltd. (U.S.), The Lubrizol Corporation (U.S.), Infineum International Limited (U.K.), WRT BV (Netherlands), PRODUCTION CHEMICAL GROUP (U.K.), Berkshire Hathaway Inc. (U.S.), Thermax Limited. (India), Ecolab (U.S.), Evonik Industries AG (Germany), NOV Inc (U.S.), Dow (U.S.), Innospec (U.S.), Sterling Auxiliaries Private Limited (India), Tricon Piping, Inc. (U.S.), Chevron Corporation. (U.S.), The Chemours Company, Chemours (U.S.)
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Market Opportunities
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Market Definition
The term "crude oil flow improvers" refers to equipment used to maintain the viscosity of crude oil during processing and transportation. From the reservoir to the refinery, it offers appropriate solutions and additives that maximize production at every stage of crude oil extraction. It is employed to lower the energy needed for the artificial lifting of crude oil and for surface boosting, pipeline distribution, and processing. To lower viscosity, the pour point, and the drag coefficient of crude oil, crude oil flow improvers function as catalysts. Agents that reduce drag are also known as crude oil flow improvers. These are intricate blends of hydrocarbons with polar asphaltenes and non-polar n-paraffins. Since fresh crude is kept at a high temperature and relatively mobile.
Crude Oil Flow Improvers Market Dynamics
Drivers
- An increase in hydraulic fracturing activities leads to market growth
The market for crude oil flow improvers will expand due to rising hydraulic fracturing activities, soaring crude oil demand, and increasing investments in the creation of cutting-edge and technical products. To aid in developing oil and gas resources, governments of numerous nations are supporting hydraulic fracturing through various initiatives, including financial assistance, investment provisions, and tax incentives. This contributes to the market's expansion in a positive way. In addition, several producers are creating low-dose hydrate inhibitors that significantly reduce the need for additional chemical additives. As a result, the risk of hydrate plugs and line blockages is eliminated, which in turn is driving the market.
- Rising energy needs have fueled the market's expansion
The increased energy needs of the automotive industry have increased the demand for crude oil. The booming automotive industry is driving the global market for crude oil because electric vehicles are not the most affordable option and have a lot of room for improvement. Companies worldwide have started to adopt non-traditional methods, leaving behind the traditional ones due to the rising demand for fuel and to meet the energy requirements. The crude oil flow improvers market may benefit from further developing these techniques. Governments are also offering assistance through various programs, including financial and equipment support. This expands the flow improvers market globally. The standard of living and working conditions are rising in developing nations, creating more expansion in the market.
Opportunities
- Demand for paraffin and asphaltene inhibitors as crude oil hydrocarbon production rises
Crude oil's naturally occurring long-chain hydrocarbon paraffins restrict its flow, which raises power consumption and decreases the efficiency and longevity of pumps. Paraffin inhibitors help stop wax's surface build up on processing equipment, wellbore walls, and pipelines. Through the fact that they alter the temperature of the wax appearance, which enhances flow, they are frequently referred to as pour point dispersants or cold flow improvers. Asphaltene exists in heavy crude oils. Asphaltenes (tar) precipitate into deposits resembling black rocks when extracted or transported in a pipeline due to pressure and temperature changes, which impedes flow by creating a choke point. Asphaltene inhibitors stop the aggregation and precipitation of asphaltenes in channels.
- As crude oil demand rises, the market for crude oil flow improvers will expand
Over the forecast period, it is expected that crude oil flow improvers, which are widely used in the oil and gas industries, will be used even more frequently. The increased demand for crude oil in a new or existing refinery will lead to growth for crude oil flow improvers. The demand exceeds the capacity of other non-renewable energy sources, which prevents them from supplying it. Distribution and use must be carried out in a logistically sound manner. This significantly impacts the expansion of the international market. Crude oil flow improvers are utilized during transportation because they are the best option for exploration, transportation, and refinement processes.
Restraints/Challenges
- Price fluctuations cause market restrictions
In the aforementioned forecast period, fluctuating crude oil prices and growing environmental concerns will act as market restraints for the growth of automotive carbon thermoplastic. The main obstacle to market expansion is the global recession. Market expansion will be hampered by the rise in oil prices, the switch to natural gas, and the global economic downturn. This is a response to the ongoing global economic recession and the price conflict between the major oil-producing countries, including Iran, Saudi Arabia, and Russia. In this way, the market's growth is constrained.
- Strict regulations cause market restrictions
The constant pressure from regulatory organizations such as the EPA (Environmental Protection Agency) to register, evaluate, authorize, and restrict chemicals is likely to limit onshore and offshore activities, which will obstruct the development of the world's crude oil flow improvers. Under EPA, the standards and guidelines for oil and gas extraction effluent were updated. The law sets strict policies and requirements for those who discharge wastewater from drilling, production, well treatment, production, and completion activities. Utilizing this method requires a lot of time and resources.
This crude oil flow improvers market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the crude oil flow improvers market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Developments
- In 2022, The signing of an agreement to acquire Altus Intervention, a global facility with more than 40 years of industry experience in down-hole oil and gas technology and well intervention services, was announced by Baker Hughes, an American energy services company.
- In 2022, A joint venture between Baker Hughes and the Saudi Industrial Investments Company Dussur was announced. The joint venture is established to supply industrial and oilfield chemicals to Saudi Arabia (KSA).
- In 2020, In order to sell the assets of its SPC Flow (surface pressure control flow) business unit, Baker Hughes entered into a contract with private equity firm Pelican Energy.
- In 2020, One of the world's top producers of specialty chemicals, Evonik, recently announced the acquisition of Porocel Group in Houston, USA. Porocel is a leading producer of specialty adsorbents, activated alumina, and support media, as well as a global innovator in the field of catalyst services.
Global Crude Oil Flow Improvers Market Scope
The crude oil flow improvers market is segmented on the basis of type, application and supply mode. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Emulsion Breakers
- Free Flow/ Anticaking Agents
- Paraffin Inhibitors
- Asphaltene Inhibitors
- Scale and Corrosion Inhibitors
- Drag Reducing Agent
- Hydrate and Hydrogen Sulfide Inhibitors
- Viscosity Reducers
- Pour Point
- Depressants
- Triethanolamine
- Polymer blend
- Others
- Demulsifiers
- Biocides
- Wax Disperants
Application
- Extraction
- Pipelines and Transportation
- Processing
- Refinery
- Others
Supply Mode
- Direct
- Through Distributor
Crude Oil Flow Improvers Market Regional Analysis/Insights
The crude oil flow improvers market is analysed and market size insights and trends are provided by country, type, application and supply mode as referenced above.
The countries covered in the Crude Oil Flow Improvers Market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the market and will continue to flourish its trend of dominance during the forecast period. The major factors attributable to the region’s dominance are the country's abundance of shale oil reserves. In addition, the United States is the largest consumer market in North America. As a result of the increased use of unconventional petroleum extraction methods such as hydraulic fracturing and horizontal drilling, the need for drift improvement additives to reduce petroleum liquids' viscosity and improve their flow through pipes has grown.
Asia Pacific will undergo the highest growth rate during the forecast period owing to crude oil flow, which makes the industry the sector with the fastest revenue growth. Additionally, In India and China consumption of crude oil acts as an important factor for continuous growth for flow improvers.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Crude Oil Flow Improvers Market Share Analysis
The crude oil flow improver’s market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to crude oil flow improvers market.
Some of the major players operating in the crude oil flow improvers market are:
- Halliburton Energy Services, Inc. (U.S.)
- BASF SE (Germany)
- SLB (U.S.)
- CLARIANT (Switzerland)
- Dorf Ketal Chemicals (I) Pvt. Ltd. (U.S.)
- The Lubrizol Corporation (U.S.)
- Infineum International Limited (U.K.)
- WRT BV (Netherlands)
- PRODUCTION CHEMICAL GROUP(U.K.)
- Berkshire Hathaway Inc. (U.S.)
- Thermax Limited. (India)
- Ecolab (U.S.)
- Evonik Industries AG (Germany)
- NOV Inc (U.S.)
- Dow (U.S.)
- Innospec (U.S.)
- Sterling Auxiliaries Private Limited (India)
- Tricon Piping, Inc. (U.S.)
- Chevron Corporation. (U.S.)
- The Chemours Company, Chemours (U.S.)
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