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Crude Oil Flow Improvers Market by Type (Paraffin Inhibitors, Asphaltene Inhibitors, Scale Inhibitors, Drag Reducing Agent and Hydrate Inhibitors), by Application (Extraction, Pipeline and Refinery)

10-17-2018 03:46 PM CET | Energy & Environment

Press release from: Allied Market Research

Crude Oil Flow Improvers Market

Crude Oil Flow Improvers Market

Global Crude Oil Flow Improvers Market was valued at $1,282 million in 2016, and is anticipated to reach $1,920 million, growing at a CAGR of 5.7% from 2017 to 2023. 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.

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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.

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The global crude oil flow improvers market is segmented into type, application, and geography. On the basis of type, it is categorized into paraffin inhibitors, asphaltene inhibitors, scale inhibitors, and hydrate inhibitors. Based on application, it is classified into extraction, pipeline, and refinery. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. In addition, the report highlights various factors that impact the growth of the global market, such as key drivers, restraints, growth opportunities, and the role of different key players.

In 2016, North America dominated the global crude oil flow improvers market, in terms of both value and volume. Moreover, Asia-Pacific is expected to witness the highest growth rate from 2017 to 2023, owing to increase in crude oil demand in China and India, rise in disposable income, and growth in urbanization boosting the demand for crude oil flow improvers.

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The asphaltene inhibitors segment is the most lucrative market, followed by the scale inhibitors segment. Asphaltene molecules, present in most of the liquid & gas streams, can block pipelines, reduce production flow, and lead to production losses. Asphaltene inhibitors reduce the precipitation of asphaltene from crude oil and increases the production potential to avoid deposition in flowlines.

In 2016, North America witnessed the highest demand for crude oil flow improver, owing to the increase in adoption of nontraditional oil extraction techniques such as hydraulic fracturing and horizontal drilling. In addition, it increases the need for flow improvers to reduce viscosity of oil and improve the movement through pipes.

The key players profiled in the report are Halliburton Company, Baker Hughes, Nalco Champion, BASF SE, Schlumberger, Clariant, Dorf Ketal, Lubrizol Specialty Products, Inc., Infineum, and Evonik Industries. The other major players (not profiled in report) in the market include WRT BV, Production Chemical Group, Rodanco, Partow Ideh Pars, and Phillips Specialty Products Inc.

Table of Content:

Chapter: 1. INTRODUCTION

1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS
1.3. KEY MARKET SEGMENT
1.4. RESEARCH METHODOLOGY

1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tool & model

Chapter: 2. EXECUTIVE SUMMARY

2.1. MARKET SNAPSHOT
2.2. CXO PERSPECTIVES

Chapter: 3. MARKET OVERVIEW

3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS

3.2.1. Top investment pockets
3.2.2. Top winning strategies

3.3. KEY PLAYER POSITIONING, 2016 (%)
3.4. PORTER’S FIVE FORCES ANALYSIS
3.5. MARKET DYNAMICS

3.5.1. Drivers

3.5.1.1. Increase in worldwide crude oil production
3.5.1.2. Rise in hydraulic fracturing activities
3.5.1.3. Increase in demand for crude oil flow improvers in Middle East and Africa

3.5.2. Restraints

3.5.2.1. Crude oil price fluctuations
3.5.2.2. Increase in environmental concerns

3.5.3. Opportunities

3.5.3.1. Production of crude oil flow improvers from renewable resources

Chapter: 4. GLOBAL CRUDE OIL FLOW IMPROVER MARKET, BY TYPE

4.1. INTRODUCTION

4.1.1. Market size and forecast

4.2. PARAFFIN INHIBITORS

4.2.1. Key market trends, growth factors, and opportunities
4.2.2. Market size and forecast

4.3. ASPHALTENE INHIBITORS

4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Market size and forecast

4.4. SCALE INHIBITORS

4.4.1. Key market trends, growth factors, and opportunities
4.4.2. Market size and forecast

4.5. HYDRATE INHIBITORS

4.5.1. Key market trends, growth factors, and opportunities
4.5.2. Market size and forecast

Chapter: 5. GLOBAL CRUDE OIL FLOW IMPROVER MARKET, BY APPLICATION

5.1. INTRODUCTION

5.1.1. Market size and forecast

5.2. EXTRACTION

5.2.1. Key market trends, growth factors, and opportunities
5.2.2. Market size and forecast

5.3. PIPELINE

5.3.1. Key market trends, growth factors, and opportunities
5.3.2. Market size and forecast

5.4. REFINERY

5.4.1. Key market trends, growth factors, and opportunities
5.4.2. Market size and forecast

Chapter: 6. GLOBAL CRUDE OIL FLOW IMPROVER MARKET, BY GEOGRAPHY

6.1. INTRODUCTION

6.1.1. Market size and forecast

6.2. NORTH AMERICA

6.2.1. Key market trends, growth factors, and opportunities
6.2.2. Market size and forecast
6.2.3. U.S.

6.2.3.1. Market size and forecast by type

6.2.4. Canada

6.2.4.1. Market size and forecast by type

6.2.5. Mexico

6.2.5.1. Market size and forecast by type

6.3. EUROPE

6.3.1. Key market trends, growth factors, and opportunities
6.3.2. Market size and forecast
6.3.3. UK

6.3.3.1. Market size and forecast by type

6.3.4. Germany

6.3.4.1. Market size and forecast by type

6.3.5. France

6.3.5.1. Market size and forecast by type

6.3.6. Denmark

6.3.6.1. Market size and forecast by type

6.3.7. Italy

6.3.7.1. Market size and forecast by type

6.3.8. Rest of Europe

6.3.8.1. Market size and forecast by type

6.4. ASIA-PACIFIC

6.4.1. Key market trends, growth factors, and opportunities
6.4.2. Market size and forecast
6.4.3. China

6.4.3.1. Market size and forecast by type

6.4.4. India

6.4.4.1. Market size and forecast by type

6.4.5. Japan

6.4.5.1. Market size and forecast by type

6.4.6. South Korea

6.4.6.1. Market size and forecast by type

6.4.7. Australia

6.4.7.1. Market size and forecast by type

6.4.8. Rest of Asia-Pacific

6.4.8.1. Market size and forecast by type

6.5. LAMEA

6.5.1. Key market trends, growth factors, and opportunities
6.5.2. Market size and forecast
6.5.3. Brazil

6.5.3.1. Market size and forecast by type

6.5.4. Argentina

6.5.4.1. Market size and forecast by type

6.5.5. Saudi Arabia

6.5.5.1. Market size and forecast by type

6.5.6. Rest of LAMEA

6.5.6.1. Market size and forecast by type

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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