Press release
Crude Oil Flow Improvers Market 2021-2025 Forecast and COVID-19 Impact on Business, Industry, Revenue and Actionable Insights-Alberta Treating Chemicals Limited, Ashland, Baker Hughes, BASF SE, Croda International Plc
Crude Oil Flow Improvers Market by Component, Application, Services, and Region- Forecast to 2026The Global Crude Oil Flow Improvers Market Research Report 2021-2026 published by MarketInsightsReports is a significant source of keen information for business specialists. It furnishes the Crude Oil Flow Improvers business outline with development investigation and historical and futuristic cost analysis, income, demand, and supply information (upcoming identifiers). The research analysts give a detailed depiction of the Crude Oil Flow Improvers worth chain and its wholesaler examination. Crude Oil Flow Improvers Market study gives extensive information which upgrades the agreement, degree, and use of this report.
The market for crude oil flow improvers is expected to grow at a CAGR of about 5% globally during the forecast period.
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Top Leading Companies of Crude Oil Flow Improvers Market are Alberta Treating Chemicals Limited, Ashland, Baker Hughes, BASF SE, Croda International Plc, Dorf Ketal, Dow, Halliburton, Innospec, Oil Flux, PRODUCTION CHEMICAL GROUP, Schlumberger Limited, The Zoranoc Oilfield Chemical, and others.
-Industry News And Updates on Crude Oil Flow Improvers Market-
Middle-East Region to Dominate the Market
- The Middle-East region is expected to dominate the market for crude oil flow improvers during the forecast period due to an increase in demand from countries like Saudi Arabia, Iraq, and the United Arab Emirates.
- Crude oil contains long-chain hydrocarbons that decrease the pressure drop for the same flow rate and thereby increase the pipeline flow using the same amount of energy. Crude oil flow improves include drag-reducing agents, scale, paraffin, asphaltene, hydrate, biocide, hydrogen sulfide, iron sulfide, foam inhibitors, etc., which improve flow efficiency.
- Saudi Arabia is the second-largest producer of crude oil in the world after the United States and has the second-largest crude oil reserves after Venezuela. As per the Organization of Petroleum Exporting Countries (OPEC), 64.5% of the OPEC crude oil reserves which account for 79.6% of total world reserves are present in the Middle-East region.
-Key Market Trends Crude Oil Flow Improvers Market-
Growing Demand for Paraffin & Asphaltene Inhibitors
- Crude oil flow improvers are widely used in oil & gas industries and are expected to grow rapidly during the forecast period.
- Paraffins made of long-chain hydrocarbons, naturally occur in crude oil inhibit the free flow of crude oil thereby increasing power consumption, decreasing the efficiency of pumps, and their lifetime. Paraffin inhibitors help in preventing the deposition of wax on the surface on pipelines, wellbores, and during processing. They alter the wax appearance temperature thereby improving flow and are often referred to as pourpoint dispersants or cold flow improves.
-Competitive Landscape On Crude Oil Flow Improvers Market-
The global crude oil flow improvers market is partially fragmented with players accounting for a marginal share of the market. Few companies include BASF SE, Dow, Innospec, Baker Hughes, and Dorf Ketal.
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