Crude Oil Flow Improvers Global Market Report 2024

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.


This product will be delivered within 3-5 business days.