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Crude Oil Flow Improvers Global Market Report 2024

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    Report

  • 200 Pages
  • February 2024
  • Region: Global
  • The Business Research Company
  • ID: 5790606
The global crude oil flow improvers market has grown strongly in recent years. It will grow from $1.73 billion in 2023 to $1.84 billion in 2024 at a compound annual growth rate (CAGR) of 6.7%. The growth observed in the historical period can be attributed to the utilization of high-viscosity oil, the increasing adoption of enhanced oil recovery (EOR) techniques, the demand for cost efficiency, adherence to regulatory compliance, and the overall growth in oil production.

The global crude oil flow improvers market is expected to see strong growth in the next few years. It will grow to $2.39 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%. The anticipated growth in the forecast period can be attributed to a heightened focus on environmental impact, the demand for enhanced pipeline efficiency, increased production of heavy crude oil, growing market demand in emerging economies, the rise in unconventional oil extraction, expansion in shale oil production, and the demand for low dosage solutions. Major trends expected in this period include a concentrated focus on offshore oil operations, efforts to achieve economic efficiency in pipeline operations, a shift towards Enhanced Oil Recovery (EOR) methods, and ongoing technological innovations within the industry.

The anticipated surge in crude oil demand is set to be a driving force behind the crude oil flow improvers market. Crude oil flow improvers are crucial in maintaining the viscosity of crude oil, and their demand aligns with the projected global increase in oil demand. According to the International Energy Agency's estimates for 2021 and 2022, global oil demand is expected to witness a substantial rise, exceeding pre-pandemic levels. This increase in demand, defying earlier projections, underscores the crucial role of crude oil flow improvers in supporting the extraction, transportation, refining, and production of renewable fuels, thus driving market growth.

The escalating demand for energy is anticipated to propel the expansion of the crude oil flow improvers market. With a focus on powering machinery, equipment, and tools required for various operations, energy consumption in the industrial sector, including crude oil extraction and processing, is projected to increase. The Energy Information Administration's forecast for the US industrial sector indicates a substantial rise in energy usage between 2022 and 2050, emphasizing the integral role of crude oil flow improvers in maintaining operational efficiency amid growing energy demands.

Key players in the crude oil flow improvers market are actively innovating new products to enhance service offerings. Notable among these innovations is Clariant AG's introduction of PHASETREAT WET in January 2023. This sustainable demulsification process for the oil and gas industry aims to reduce demulsifier dosages significantly, optimizing onshore and offshore operations. By overcoming challenges inherent in traditional oil production processes, this innovative product contributes to the reliability and efficiency of crude oil flow improvers.

In a parallel effort to meet evolving industry needs, major companies operating in the crude oil flow improvers market are introducing advanced solutions. An exemplary product in this regard is the Infineum M8040 additive package, unveiled by Infineum International Limited in May 2022. Engineered specifically for two-stroke engines running on very low sulfur fuel oil (VLSFO), this additive package enhances operational efficiency and cleanliness. Notably approved for MAN B and W two-stroke engines, including Mark 9 and higher, it offers an efficient and sustainable solution for marine engine lubrication, eliminating the need for switching between different lubricants.

In a strategic move to strengthen market presence and capabilities, Clariant AG acquired BASF Attapulgite business assets in October 2022. This $60 million acquisition included land, mining rights, processing facilities, and inventories, positioning Clariant AG to enhance its capabilities in the purification of edible oils and renewable fuels. The acquisition also extended Clariant AG's footprint in North America, showcasing the company's commitment to growth and innovation in the crude oil flow improvers sector.

Major companies operating in the crude oil flow improvers market report 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

North America was the largest region in the crude oil flow improvers market share in 2023. 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. The countries covered in the crude oil flow improvers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The primary products in crude oil flow improvers include paraffin inhibitors, asphaltene inhibitors, scale inhibitors, and hydrate inhibitors. Paraffin inhibitors, for instance, involve chemical processes that modify the size and structure of wax crystals, redistributing paraffin back into the oil to ensure a consistent flow. The applications of crude oil flow improvers span extraction, transportation, and refining processes.

This report provides crude oil flow improvers market statistics, including crude oil flow improvers industry global market size, regional shares, competitors with crude oil flow improvers market share, detailed crude oil flow improvers market segments, market trends, and opportunities, and any further data you may need to thrive in the crude oil flow improvers industry. This crude oil flow improvers market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The crude oil flow improvers market consists of sales of drag reducing agents, and hydrogen sulfide inhibitors. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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Table of Contents

1. Executive Summary2. Crude Oil Flow Improvers Market Characteristics3. Crude Oil Flow Improvers Market Trends and Strategies
4. Crude Oil Flow Improvers Market - Macro Economic Scenario
4.1. Impact of High Inflation on the Market
4.2. Ukraine-Russia War Impact on the Market
4.3. COVID-19 Impact on the Market
5. Global Crude Oil Flow Improvers Market Size and Growth
5.1. Global Crude Oil Flow Improvers Market Drivers and Restraints
5.1.1. Drivers of the Market
5.1.2. Restraints of the Market
5.2. Global Crude Oil Flow Improvers Historic Market Size and Growth, 2018-2023, Value ($ Billion)
5.3. Global Crude Oil Flow Improvers Forecast Market Size and Growth, 2023-2028, 2033F, Value ($ Billion)
6. Crude Oil Flow Improvers Market Segmentation
6.1. Global Crude Oil Flow Improvers Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Paraffin Inhibitors
  • Asphaltene Inhibitors
  • Scale Inhibitors
  • Hydrate Inhibitors
6.2. Global Crude Oil Flow Improvers Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Extraction
  • Transportation
  • Refinery
7. Crude Oil Flow Improvers Market Regional and Country Analysis
7.1. Global Crude Oil Flow Improvers Market, Split by Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Crude Oil Flow Improvers Market, Split by Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8. Asia-Pacific Crude Oil Flow Improvers Market
8.1. Asia-Pacific Crude Oil Flow Improvers Market Overview
Region Information, Impact of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Crude Oil Flow Improvers Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Crude Oil Flow Improvers Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
9. China Crude Oil Flow Improvers Market
9.1. China Crude Oil Flow Improvers Market Overview
9.2. China Crude Oil Flow Improvers Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Crude Oil Flow Improvers Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
10. India Crude Oil Flow Improvers Market
10.1. India Crude Oil Flow Improvers Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Crude Oil Flow Improvers Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11. Japan Crude Oil Flow Improvers Market
11.1. Japan Crude Oil Flow Improvers Market Overview
11.2. Japan Crude Oil Flow Improvers Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Crude Oil Flow Improvers Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12. Australia Crude Oil Flow Improvers Market
12.1. Australia Crude Oil Flow Improvers Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Crude Oil Flow Improvers Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13. Indonesia Crude Oil Flow Improvers Market
13.1. Indonesia Crude Oil Flow Improvers Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Crude Oil Flow Improvers Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14. South Korea Crude Oil Flow Improvers Market
14.1. South Korea Crude Oil Flow Improvers Market Overview
14.2. South Korea Crude Oil Flow Improvers Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Crude Oil Flow Improvers Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15. Western Europe Crude Oil Flow Improvers Market
15.1. Western Europe Crude Oil Flow Improvers Market Overview
15.2. Western Europe Crude Oil Flow Improvers Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Crude Oil Flow Improvers Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16. UK Crude Oil Flow Improvers Market
16.1. UK Crude Oil Flow Improvers Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Crude Oil Flow Improvers Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17. Germany Crude Oil Flow Improvers Market
17.1. Germany Crude Oil Flow Improvers Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Crude Oil Flow Improvers Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. France Crude Oil Flow Improvers Market
18.1. France Crude Oil Flow Improvers Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Crude Oil Flow Improvers Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19. Italy Crude Oil Flow Improvers Market
19.1. Italy Crude Oil Flow Improvers Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Crude Oil Flow Improvers Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20. Spain Crude Oil Flow Improvers Market
20.1. Spain Crude Oil Flow Improvers Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Crude Oil Flow Improvers Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21. Eastern Europe Crude Oil Flow Improvers Market
21.1. Eastern Europe Crude Oil Flow Improvers Market Overview
21.2. Eastern Europe Crude Oil Flow Improvers Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Crude Oil Flow Improvers Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22. Russia Crude Oil Flow Improvers Market
22.1. Russia Crude Oil Flow Improvers Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Crude Oil Flow Improvers Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23. North America Crude Oil Flow Improvers Market
23.1. North America Crude Oil Flow Improvers Market Overview
23.2. North America Crude Oil Flow Improvers Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Crude Oil Flow Improvers Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24. USA Crude Oil Flow Improvers Market
24.1. USA Crude Oil Flow Improvers Market Overview
24.2. USA Crude Oil Flow Improvers Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Crude Oil Flow Improvers Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25. Canada Crude Oil Flow Improvers Market
25.1. Canada Crude Oil Flow Improvers Market Overview
25.2. Canada Crude Oil Flow Improvers Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Crude Oil Flow Improvers Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26. South America Crude Oil Flow Improvers Market
26.1. South America Crude Oil Flow Improvers Market Overview
26.2. South America Crude Oil Flow Improvers Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Crude Oil Flow Improvers Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27. Brazil Crude Oil Flow Improvers Market
27.1. Brazil Crude Oil Flow Improvers Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Crude Oil Flow Improvers Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28. Middle East Crude Oil Flow Improvers Market
28.1. Middle East Crude Oil Flow Improvers Market Overview
28.2. Middle East Crude Oil Flow Improvers Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Crude Oil Flow Improvers Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29. Africa Crude Oil Flow Improvers Market
29.1. Africa Crude Oil Flow Improvers Market Overview
29.2. Africa Crude Oil Flow Improvers Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Crude Oil Flow Improvers Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
30. Crude Oil Flow Improvers Market Competitive Landscape and Company Profiles
30.1. Crude Oil Flow Improvers Market Competitive Landscape
30.2. Crude Oil Flow Improvers Market Company Profiles
30.2.1. Clariant AG
30.2.1.1. Overview
30.2.1.2. Products and Services
30.2.1.3. Strategy
30.2.1.4. Financial Performance
30.2.2. Halliburton Company
30.2.2.1. Overview
30.2.2.2. Products and Services
30.2.2.3. Strategy
30.2.2.4. Financial Performance
30.2.3. BASF SE
30.2.3.1. Overview
30.2.3.2. Products and Services
30.2.3.3. Strategy
30.2.3.4. Financial Performance
30.2.4. Baker Hughes Company
30.2.4.1. Overview
30.2.4.2. Products and Services
30.2.4.3. Strategy
30.2.4.4. Financial Performance
30.2.5. Nalco Champion
30.2.5.1. Overview
30.2.5.2. Products and Services
30.2.5.3. Strategy
30.2.5.4. Financial Performance
31. Global Crude Oil Flow Improvers Market Competitive Benchmarking32. Global Crude Oil Flow Improvers Market Competitive Dashboard33. Key Mergers and Acquisitions in the Crude Oil Flow Improvers Market
34. Crude Oil Flow Improvers Market Future Outlook and Potential Analysis
34.1 Crude Oil Flow Improvers Market in 2028 - Countries Offering Most New Opportunities
34.2 Crude Oil Flow Improvers Market in 2028 - Segments Offering Most New Opportunities
34.3 Crude Oil Flow Improvers Market in 2028 - Growth Strategies
34.3.1 Market Trend-based Strategies
34.3.2 Competitor Strategies
35. Appendix
35.1. Abbreviations
35.2. Currencies
35.3. Historic and Forecast Inflation Rates
35.4. Research Inquiries
35.5. The Analyst
35.6. Copyright and Disclaimer

Executive Summary

This report provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on crude oil flow improvers market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
  • Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
  • Assess the Russia - Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
  • Measure the impact of high global inflation on market growth.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market shares
  • Benchmark performance against key competitors.
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  • Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis.
  • All data from the report will also be delivered in an excel dashboard format.

Description

Where is the largest and fastest growing market for crude oil flow improvers? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

Report Scope

Markets Covered:

1) By Product: Paraffin Inhibitors; Asphaltene Inhibitors; Scale Inhibitors; Hydrate Inhibitors
2) By Application: Extraction; Transportation; Refinery

Key Companies Mentioned: Clariant AG; Halliburton Company; BASF SE; Baker Hughes Company; Nalco Champion

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time Series: Five years historic and ten years forecast

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita

Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes

Delivery Format: PDF, Word and Excel Data Dashboard

Companies Mentioned

  • 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

Methodology

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