Crude Oil Flow Improvers Market will reach 1980 million US$ in 2023

New report published by Global Info Research which offers insights on the global Crude Oil Flow Improvers market.

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. 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.

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Global Crude Oil Flow Improvers Market: Forecast by Type / Application / Region

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.

The worldwide market for Crude Oil Flow Improvers is expected to grow at a CAGR of roughly 5.8% over the next five years, will reach 1980 million US$ in 2023, from 1410 million US$ in 2017, according to a new GIR (Global Info Research) study.

Global Nonferrous Metal Recycling Market:Key Players
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
Phillips Specialty Products Inc

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Related Information:
United States Crude Oil Flow Improvers Market 2018 Forecast to 2023
Europe Crude Oil Flow Improvers Market 2018 Forecast to 2023
North America Crude Oil Flow Improvers Market 2018 Forecast to 2023
Asia-Pacific Crude Oil Flow Improvers Market 2018 Forecast to 2023
China Crude Oil Flow Improvers Market 2018 Forecast to 2023
EMEA Crude Oil Flow Improvers Market 2018 Forecast to 2023
Global Crude Oil Flow Improvers Market 2018 Forecast to 2023

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