Press release
Crude Oil Flow Improvers Market: Steady Growth, Future Trends, and Leading Players to Drive $2.52 Billion Market By 2029
Crude Oil Flow Improvers Market
Diving into a Growth-Paced Path of the Global Crude Oil Flow Improvers Market
What Is The Projected Market Size Of The Global Crude Oil Flow Improvers Market And Its Growth Rate?
The global crude oil flow improvers market has been on a steady uptick recently and is projected to continue this trend in the foreseeable future. Key data include:
• The market is expected to grow from $1.83 billion in 2024 to $1.95 billion in 2025, representing a compound annual growth rate (CAGR) of 6.8%.
• The market size is anticipated to reach $2.52 billion in 2029 with a CAGR of 6.6%.
What Is Driving The Growth In The Crude Oil Flow Improvers Market?
The growth in the crude oil flow improvers market is primarily driven by the surge in the demand for crude oil. Crude oil flow improvers, which keep the viscosity of crude oil intact, are highly sought-after due to the rising oil production. For instance, the US Energy Information Administration noted an uptick in U.S. crude oil output to 12.4 million b/d in 2023 from 11.7 million b/d in 2022.
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Who Are the Key Players Driving Crude Oil Flow Improvers Market Growth?
• 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
What Are The Key Trends In The Crude Oil Flow Improvers Market?
• Focus on offshore oil operations
• Economic pipeline operations
• Shift towards Enhanced Oil Recovery (EOR) methods
• Technological innovations
What Are The Segments Of The Global Crude Oil Flow Improvers Market?
1) By Product: Paraffin Inhibitors, Asphaltene Inhibitors, Scale Inhibitors, Hydrate Inhibitors
2) By Application: Extraction, Transportation, Refinery
Which Region Leads The Crude Oil Flow Improvers Market?
North America bagged the highest share in the crude oil flow improvers market in 2024. Asia-Pacific, however, is anticipated to register the fastest growth in the market during the forecast period. The report provides insights into regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Crude Oil Flow Improvers Market Global Market Report?
• Market Size Analysis: Analyze the Crude Oil Flow Improvers Market size by key regions, countries, product types, and applications.
• Market Segmentation Analysis: Identify various subsegments within the Crude Oil Flow Improvers Market for effective categorization.
• Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
• Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
• Market Contribution: Evaluate contributions of different segments to the overall Crude Oil Flow Improvers Market growth.
• Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
• Industry Challenges: Analyze challenges and risks affecting the Crude Oil Flow Improvers Market.
• Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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