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[PDF] Crude Oil Flow Improvers Market Study by 2023 | Revenue $1.92 Billion

06-16-2021 11:33 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Allied Market Research

Crude Oil Flow Improvers Market

Crude Oil Flow Improvers Market

The study presents insights on the competitive landscape, growth factors & opportunities, industry trends, major market segments, Porter's five forces analysis, and CXOs' perspective about the industry. According to the report, the global crude oil flow improvers market was pegged at $1.37 billion in 2017 and is expected to reach $1.92 billion by 2023, registering 5.7% during the period 2017–2023.

Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/2207

Rise in global crude oil production, increase in hydraulic fracturing activities, and surge in demand for crude oil flow improvers in the Middle East and Africa have boosted the growth of the global crude oil flow improver market. However, crude oil price fluctuations and rising environmental concerns hamper the market. On the contrary, the increasing production of crude oil flow improvers from renewable resources is expected to create lucrative opportunities for the market players in the near future.

Asphaltene inhibitors segment to manifest fastest CAGR by 2023

The asphaltene inhibitors segment is projected to manifest the fastest CAGR of 6.3% during the forecast period, owing to its specific application to reduce the precipitation of asphaltenes from crude oil. However, the paraffin inhibitors segment held the largest share in 2017, contributing more than two-fifths of the market, owing to its ability to minimize the deposition of paraffin on the borewell during crude oil production. The report includes other segments such as scale inhibitors and hydrate inhibitors.

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Extraction segment holds the largest share
In terms of application, the extraction segment held the largest share in 2017, contributing about two-fifths of the market, owing to rise in crude oil demand from various end-user industries. However, the pipeline segment is projected to register the fastest CAGR of 6.2% during the study period, owing to its safe and efficient features during transportation of crude oil. The report also includes analysis of refinery segment.

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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 domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.

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