Crude Oil Flow Improvers Market by Type (Asphaltene Inhibitors, Paraffin Inhibitors, Drag Reducing Agents, Scale Inhibitors, and Hydrate Inhibitors), Application (Pipeline, Extraction, and Refinery), Supply Mode – 2023 to 2028

SKU: GMS273

Format: PDF

Overall Rating
4.5/5

OVERVIEW

Research by Global Market Studies has reported a CAGR of 5.7% for the Crude Oil Flow Improvers Market, expecting to expand to a value of USD 2.58 billion by 2028.

Crude oil flow improvers, also known as crude oil pour point depressants or viscosity reducers, are chemicals or additives used in the oil and gas industry to enhance the flow properties of crude oil. They are designed to improve the transportation and processing of crude oil by reducing its viscosity and lowering its pour point. These flow improvers are particularly useful in colder environments or during the transportation of heavy crude oils, as they prevent the oil from solidifying and becoming difficult to handle.

Crude oil flow improvers are essential for transportation, production, refining, storage, and offshore drilling operations. They prevent thickening or gelling, improve flow characteristics, and facilitate efficient extraction and transfer of crude oil. Flow improvers are crucial in refining, storage, and offshore drilling operations, as they help maintain fluidity and prevent solidification during storage and transportation.

Market Dynamics

Drivers:

The increasing global population and industrialization have led to a rise in energy demand, particularly crude oil. This has led to the need for efficient transportation and refinement of larger volumes of crude oil, driving the demand for flow improvers. Oil and gas companies are exploring unconventional reservoirs like heavy oil, extra heavy oil, and deepwater reserves, which have higher viscosities and pour points. 

The expansion of oil and gas infrastructure, including pipelines, storage facilities, and offshore platforms, has also driven the demand for flow improvers. These additives help optimize crude oil flow through these infrastructure, reducing operational challenges and costs. 

Regulatory compliance and cost optimization are also crucial for oil and gas companies, as they reduce oil spill risks, minimize emissions, and enhance overall operational safety. Overall, flow improvers play a crucial role in meeting these demands and enhancing overall efficiency and cost savings.

Opportunities:

Flow improvers are essential for improving crude oil flow through pipelines and transportation channels. They lower viscosity, prevent solidification or gelling at lower temperatures, and prevent wax deposits in pipelines and equipment. Drag reducing agents (DRAs) reduce friction and turbulence, optimizing flow and reducing energy consumption during transportation.

Emulsion breakers separate water from crude oil emulsions, improving efficiency of processing and transportation. Surfactants modify the properties of the crude oil-water interface, affecting emulsion stability and separation. Flow improver manufacturers offer customized solutions to meet individual needs and challenges, considering the properties of crude oil and operating conditions.

Restraints:

Environmental concerns have arisen due to the use of chemicals and additives in the oil and gas industry, including flow improvers. These improvers may have potential environmental impacts, such as toxicity and bioaccumulation, which may require stricter regulations and scrutiny from environmental agencies and public stakeholders. 

The development and implementation of effective flow improvers can be expensive, requiring significant research and testing costs. Additionally, companies may face challenges in integrating new technologies into existing infrastructure, increasing overall investment requirements. 

The limited application window of certain flow improvers may reduce their applicability in diverse environments, necessitating multiple formulations or solutions. Market volatility in the oil and gas industry can influence the demand for flow improvers, as companies adjust their investment strategies and operational priorities accordingly.

Regional Information:

North America:North America, particularly the United States and Canada, is a significant consumer of crude oil flow improvers. The region’s vast pipeline networks and extensive oil production from unconventional sources, such as shale formations, drive the need for flow improvers to optimize transportation and processing.

Europe: European countries with significant oil and gas production, refining, and transportation activities also have a considerable demand for flow improvers. The use of flow improvers is particularly essential for handling heavy and waxy crude oils in colder climates.

Middle East and Africa: The Middle East and Africa are significant producers and exporters of crude oil. The use of flow improvers is essential for transporting crude oil from production sites to export terminals or refineries, especially in arid and hot regions.

Asia-Pacific: The Asia-Pacific region is a growing consumer of crude oil flow improvers due to its increasing energy demands and expanding oil and gas infrastructure. Countries like China and India, with substantial refining capacities, rely on flow improvers to optimize operations.

Recent Developments:

In November 2022, The signing of an agreement to acquire Altus Intervention, a global facility with more than 40 years of industry experience in down-hole oil and gas technology and well intervention services, was announced by Baker Hughes, an American energy services company.

In June 2022, A joint venture between Baker Hughes and the Saudi Industrial Investments Company Dussur was announced. The joint venture is established to supply industrial and oilfield chemicals to Saudi Arabia (KSA).

Key Players:

Halliburton Energy Services, BASF SE, SLB, Dorf Ketal Chemicals, Lubrizol Corporation, Infineum International Limited, WRT BV, Production Chemical Group, Berkshire Hathaway Inc., Thermax Limited, Altus Intervention, Baker Hughes , Dussur and Ecolab.

Frequently Asked Questions

1) What is the projected market value of the Crude Oil Flow Improvers Market?

– The Crude Oil Flow Improvers Market is expected to reach a value of USD 2.58 billion by 2028.

2) What is the estimated CAGR of the Crude Oil Flow Improvers Market over the 2023 to 2028 forecast period?

– The Crude Oil Flow Improvers Market is expected to grow at a CAGR of approximately 5.7% from 2023 to 2028.

3) Who are the key players in the Crude Oil Flow Improvers Market?

– Halliburton Energy Services, BASF SE, SLB, Dorf Ketal Chemicals, Lubrizol Corporation, Infineum International Limited, WRT BV, Production Chemical Group, Berkshire Hathaway Inc., Thermax Limited, Altus Intervention, Baker Hughes , Dussur and Ecolab.

4) What are the drivers for the Crude Oil Flow Improvers Market?

– Global population and industrialization increase energy demand, driving demand for flow improvers for efficient transportation and refinement of crude oil. Exploring unconventional reservoirs and expanding infrastructure reduces operational challenges and costs.

5) What are the restraints and challenges in the Crude Oil Flow Improvers Market?

– Environmental concerns arise from chemicals and additives in oil and gas industry, including flow improvers, requiring stricter regulations, expensive development, and infrastructure integration challenges.

6) What are the key applications and offerings of the Crude Oil Flow Improvers Market?

– Crude oil flow improvers are crucial for transportation, production, refining, storage, and offshore drilling operations, preventing thickening, improving flow characteristics, and facilitating efficient extraction and transfer.

7) Which region is expected to drive the market for the forecast period?

  • Middle East and Africa has the highest value share in the global market and is expected to dominate shares in forecast period.

Why Choose Us?

Insights into Market Trends: Global Market Studies reports provide valuable insights into market trends, including market size, segmentation, growth drivers, and market dynamics. This information helps clients make strategic decisions, such as product development, market positioning, and marketing strategies.

Competitor Analysis: Our reports provide detailed information about competitors, including their market share, product offerings, pricing, and competitive strategies. This data can be used to inform competitive strategies and to identify opportunities for growth and expansion.

Industry Forecasts: Our reports provide industry forecasts, which will inform your business strategies, such as investment decisions, production planning, and workforce planning. These forecasts can help you to prepare for future trends and to take advantage of growth opportunities.

Access to Industry Experts: Our solutions include contributions from industry experts, including analysts, consultants, and subject matter experts. This access to expert insights can be valuable for you to understand the market.

Time and Cost Savings: Our team at Global Market Studies can save you time and reduce the cost of conducting market research by providing comprehensive and up-to-date information in a single report, avoiding the need for additional market research efforts.

METHODOLOGY

At Global Market Studies, extensive research is done to create reports which have in-depth insights across all aspects of the market such as drivers, opportunities, challenges, restraints, market trends, regional insights, market segmentation, latest developments, key players for the forecast period. Multiple methods are used to derive both qualitative and quantitative information for the report:Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 1

PRIMARY RESEARCH

Through surveys and interviews, primary research is sourced mainly from experts from the core and related industry. It includes distributors, manufacturers, Directors, C-Level Executives and Managers, alliances certification organisations across various segments of the markets value chain. Both the supply-side and demand-side is interviewed.

Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 2

SECONDARY RESEARCH

Our sources of secondary research include Annual Reports, Journals, Press Releases, Company Websites, Paid Databases and our own Data Repository. They also include, investor presentations, certifies publications and articles by authorised regulatory bodies, trade directories and databases.

Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 3

MARKET SIZE ESTIMATION

After extensive secondary and primary research, both the Bottom-up and Top-down methods are used to analyse the data. In the Bottom-up Approach, Company revenues across multiple segments are gathered to derive the percentage split per market segment. From this the Segment wise market size is derived to give the Total Market Size. In the Top-down Approach the reverse method is used where the Total Market Size is first derived from primary sources and is split into Market Segment, Regional Split and so on.

Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 4Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 5

Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 6

DATA TRIANGULATION:

All statistics are collected through extensive secondary research and verified by interviews conducted with supply-side and demand-side in the primary research to ensure that both primary and secondary data percentages, statistics and findings corroborate.

Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 7

Share

Get A Free Sample

Take a look at this complimentary sample which comprises of a variety of market data points such as trend analyses, market estimates, and forecasts. You can explore and evaluate it on your own.

Send me Free Sample

Or View Our License Options:

$3,850.00$5,850.00

Why

Industry Coverage: Global Market Studies has a broad range of industry coverage, spanning various sectors such as healthcare, technology, retail, automotive, and many others. This means that clients can rely on us to provide valuable insights into their respective industries, helping them make informed business decisions.

Our team of experts has years of experience in the market research industry, and they have honed their skills in data analysis, market forecasting, and trend analysis. They are also adept at using advanced research tools and techniques to gather and analyze data, providing clients with accurate and reliable insights.

We understand that each client has unique research needs, and we tailor our research solutions to meet their specific requirements. We work closely with our clients to understand their objectives and provide customized research solutions that address their business challenges.

We are committed to innovation and are constantly exploring new research methods and techniques to provide our clients with cutting-edge insights. This enables us to stay ahead of the curve and deliver the best possible research outcomes.

At Global Market Studies, our clients are at the center of everything we do. We pride ourselves on providing excellent customer service and support, and we are always available to address our clients’ concerns and questions.

83422+ Reports Delivered

Accurate market data is crucial to a successful business strategy. With an 85% + accuracy in all reports, makes us one of the best and most accurate firms in the world.

Need Customized Report ?Call Now

OVERVIEW

Research by Global Market Studies has reported a CAGR of 5.7% for the Crude Oil Flow Improvers Market, expecting to expand to a value of USD 2.58 billion by 2028.

Crude oil flow improvers, also known as crude oil pour point depressants or viscosity reducers, are chemicals or additives used in the oil and gas industry to enhance the flow properties of crude oil. They are designed to improve the transportation and processing of crude oil by reducing its viscosity and lowering its pour point. These flow improvers are particularly useful in colder environments or during the transportation of heavy crude oils, as they prevent the oil from solidifying and becoming difficult to handle.

Crude oil flow improvers are essential for transportation, production, refining, storage, and offshore drilling operations. They prevent thickening or gelling, improve flow characteristics, and facilitate efficient extraction and transfer of crude oil. Flow improvers are crucial in refining, storage, and offshore drilling operations, as they help maintain fluidity and prevent solidification during storage and transportation.

Market Dynamics

Drivers:

The increasing global population and industrialization have led to a rise in energy demand, particularly crude oil. This has led to the need for efficient transportation and refinement of larger volumes of crude oil, driving the demand for flow improvers. Oil and gas companies are exploring unconventional reservoirs like heavy oil, extra heavy oil, and deepwater reserves, which have higher viscosities and pour points. 

The expansion of oil and gas infrastructure, including pipelines, storage facilities, and offshore platforms, has also driven the demand for flow improvers. These additives help optimize crude oil flow through these infrastructure, reducing operational challenges and costs. 

Regulatory compliance and cost optimization are also crucial for oil and gas companies, as they reduce oil spill risks, minimize emissions, and enhance overall operational safety. Overall, flow improvers play a crucial role in meeting these demands and enhancing overall efficiency and cost savings.

Opportunities:

Flow improvers are essential for improving crude oil flow through pipelines and transportation channels. They lower viscosity, prevent solidification or gelling at lower temperatures, and prevent wax deposits in pipelines and equipment. Drag reducing agents (DRAs) reduce friction and turbulence, optimizing flow and reducing energy consumption during transportation.

Emulsion breakers separate water from crude oil emulsions, improving efficiency of processing and transportation. Surfactants modify the properties of the crude oil-water interface, affecting emulsion stability and separation. Flow improver manufacturers offer customized solutions to meet individual needs and challenges, considering the properties of crude oil and operating conditions.

Restraints:

Environmental concerns have arisen due to the use of chemicals and additives in the oil and gas industry, including flow improvers. These improvers may have potential environmental impacts, such as toxicity and bioaccumulation, which may require stricter regulations and scrutiny from environmental agencies and public stakeholders. 

The development and implementation of effective flow improvers can be expensive, requiring significant research and testing costs. Additionally, companies may face challenges in integrating new technologies into existing infrastructure, increasing overall investment requirements. 

The limited application window of certain flow improvers may reduce their applicability in diverse environments, necessitating multiple formulations or solutions. Market volatility in the oil and gas industry can influence the demand for flow improvers, as companies adjust their investment strategies and operational priorities accordingly.

Regional Information:

North America:North America, particularly the United States and Canada, is a significant consumer of crude oil flow improvers. The region’s vast pipeline networks and extensive oil production from unconventional sources, such as shale formations, drive the need for flow improvers to optimize transportation and processing.

Europe: European countries with significant oil and gas production, refining, and transportation activities also have a considerable demand for flow improvers. The use of flow improvers is particularly essential for handling heavy and waxy crude oils in colder climates.

Middle East and Africa: The Middle East and Africa are significant producers and exporters of crude oil. The use of flow improvers is essential for transporting crude oil from production sites to export terminals or refineries, especially in arid and hot regions.

Asia-Pacific: The Asia-Pacific region is a growing consumer of crude oil flow improvers due to its increasing energy demands and expanding oil and gas infrastructure. Countries like China and India, with substantial refining capacities, rely on flow improvers to optimize operations.

Recent Developments:

In November 2022, The signing of an agreement to acquire Altus Intervention, a global facility with more than 40 years of industry experience in down-hole oil and gas technology and well intervention services, was announced by Baker Hughes, an American energy services company.

In June 2022, A joint venture between Baker Hughes and the Saudi Industrial Investments Company Dussur was announced. The joint venture is established to supply industrial and oilfield chemicals to Saudi Arabia (KSA).

Key Players:

Halliburton Energy Services, BASF SE, SLB, Dorf Ketal Chemicals, Lubrizol Corporation, Infineum International Limited, WRT BV, Production Chemical Group, Berkshire Hathaway Inc., Thermax Limited, Altus Intervention, Baker Hughes , Dussur and Ecolab.

Frequently Asked Questions

1) What is the projected market value of the Crude Oil Flow Improvers Market?

– The Crude Oil Flow Improvers Market is expected to reach a value of USD 2.58 billion by 2028.

2) What is the estimated CAGR of the Crude Oil Flow Improvers Market over the 2023 to 2028 forecast period?

– The Crude Oil Flow Improvers Market is expected to grow at a CAGR of approximately 5.7% from 2023 to 2028.

3) Who are the key players in the Crude Oil Flow Improvers Market?

– Halliburton Energy Services, BASF SE, SLB, Dorf Ketal Chemicals, Lubrizol Corporation, Infineum International Limited, WRT BV, Production Chemical Group, Berkshire Hathaway Inc., Thermax Limited, Altus Intervention, Baker Hughes , Dussur and Ecolab.

4) What are the drivers for the Crude Oil Flow Improvers Market?

– Global population and industrialization increase energy demand, driving demand for flow improvers for efficient transportation and refinement of crude oil. Exploring unconventional reservoirs and expanding infrastructure reduces operational challenges and costs.

5) What are the restraints and challenges in the Crude Oil Flow Improvers Market?

– Environmental concerns arise from chemicals and additives in oil and gas industry, including flow improvers, requiring stricter regulations, expensive development, and infrastructure integration challenges.

6) What are the key applications and offerings of the Crude Oil Flow Improvers Market?

– Crude oil flow improvers are crucial for transportation, production, refining, storage, and offshore drilling operations, preventing thickening, improving flow characteristics, and facilitating efficient extraction and transfer.

7) Which region is expected to drive the market for the forecast period?

  • Middle East and Africa has the highest value share in the global market and is expected to dominate shares in forecast period.

Why Choose Us?

Insights into Market Trends: Global Market Studies reports provide valuable insights into market trends, including market size, segmentation, growth drivers, and market dynamics. This information helps clients make strategic decisions, such as product development, market positioning, and marketing strategies.

Competitor Analysis: Our reports provide detailed information about competitors, including their market share, product offerings, pricing, and competitive strategies. This data can be used to inform competitive strategies and to identify opportunities for growth and expansion.

Industry Forecasts: Our reports provide industry forecasts, which will inform your business strategies, such as investment decisions, production planning, and workforce planning. These forecasts can help you to prepare for future trends and to take advantage of growth opportunities.

Access to Industry Experts: Our solutions include contributions from industry experts, including analysts, consultants, and subject matter experts. This access to expert insights can be valuable for you to understand the market.

Time and Cost Savings: Our team at Global Market Studies can save you time and reduce the cost of conducting market research by providing comprehensive and up-to-date information in a single report, avoiding the need for additional market research efforts.

METHODOLOGY

At Global Market Studies, extensive research is done to create reports which have in-depth insights across all aspects of the market such as drivers, opportunities, challenges, restraints, market trends, regional insights, market segmentation, latest developments, key players for the forecast period. Multiple methods are used to derive both qualitative and quantitative information for the report:Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 1

PRIMARY RESEARCH

Through surveys and interviews, primary research is sourced mainly from experts from the core and related industry. It includes distributors, manufacturers, Directors, C-Level Executives and Managers, alliances certification organisations across various segments of the markets value chain. Both the supply-side and demand-side is interviewed.

Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 2

SECONDARY RESEARCH

Our sources of secondary research include Annual Reports, Journals, Press Releases, Company Websites, Paid Databases and our own Data Repository. They also include, investor presentations, certifies publications and articles by authorised regulatory bodies, trade directories and databases.

Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 3

MARKET SIZE ESTIMATION

After extensive secondary and primary research, both the Bottom-up and Top-down methods are used to analyse the data. In the Bottom-up Approach, Company revenues across multiple segments are gathered to derive the percentage split per market segment. From this the Segment wise market size is derived to give the Total Market Size. In the Top-down Approach the reverse method is used where the Total Market Size is first derived from primary sources and is split into Market Segment, Regional Split and so on.

Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 4Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 5

Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 6

DATA TRIANGULATION:

All statistics are collected through extensive secondary research and verified by interviews conducted with supply-side and demand-side in the primary research to ensure that both primary and secondary data percentages, statistics and findings corroborate.

Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 7

Related Research Reports