Crude Oil Flow Improvers Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The market is segmented by Improver Type (Paraffin & Asphaltene Inhibitors, Drag Reducing Agents, Scale & Corrosion Inhibitors, Hydrate & Hydrogen Sulfide Inhibitors, and Others), by Application (Extraction, Pipelines & Transportation, Processing, and Others), and by Geography (Asia-Pacific, North America, Europe, South America, Middle-East, and Africa)

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Crude Oil Flow Improvers Market Size

Crude Oil Flow Improvers Market Size
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 5.00 %
Fastest Growing Market Middle-East and Africa
Largest Market Middle-East and Africa
Market Concentration Low

Major Players

Crude Oil Flow Improvers Market Major Players

*Disclaimer: Major Players sorted in no particular order
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Crude Oil Flow Improvers Market Analysis

The market for crude oil flow improvers is expected to grow at a CAGR of about 5% globally during the forecast period. Growing demand for paraffin & asphaltene inhibitors along with increasing demand for petroleum-based products are driving the market. On the flip side, stringent environmental regulations coupled with unfavorable conditions arising due to the COVID-19 outbreak are hindering the market growth.

  • The crude oil flow improvers market is expected to grow during the forecast period owing to the growing demand for paraffin & asphaltene inhibitors.
  • Middle-East region to dominate the market across the globe with the largest consumption from countries such as Saudi Arabia, Iraq, and the United Arab Emirates.

Crude Oil Flow Improvers Market Trends

This section covers the major market trends shaping the Crude Oil Flow Improvers Market according to our research experts:

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.
  • Asphaltene occurs in heavy crude oils. The changes in pressure and temperature during extraction or transportation in a pipeline make the existing asphaltenes (tar) to precipitate into black rock type deposits which affects the flow by creating a choke point. Asphaltene inhibitors help in preventing agglomeration and precipitation of asphaltenes in the pipelines.
  • Crude oil flow improvers help in the free-flowing of crude oil products, asphalt-crude, and multiphase systems. The global petroleum and other petroleum-based liquids consumption are at 100.75 million barrels per day in 2019 from 99.97 million barrels per day in 2018, which shows an increase of about 284.7 million barrels per year and is expected to grow during the forecast period.
  • However, due to unprecedented conditions arisen due to the COVID-19 outbreak the consumption of oil & gas will be down by at least 5 million barrels per day due to lockdown in various countries and shut down of travel, tourism, e-commerce, and restaurants are likely to affect the consumption in 2020.
  • The growing urbanization and increasing demand for crude oil-based products are expected to drive the market for the crude oil flow improvers during the forecast period.
Crude Oil Flow Improvers Market Share

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.
  • In 2019, Saudi Arabia oil production is at 11.79 million barrels per day, Iraq is at 4.75 million barrels per day, and the United Arab Emirates is around 3.99 million barrels per day. The growing use of crude oil-based final products in energy generation, automobiles, industries, etc., is expected to drive the market.
  • The aforementioned factors, coupled with government support, are contributing to the increasing demand for crude oil flow improvers market in the Middle-East during the forecast period.
Crude Oil Flow Improvers Market Analysis

Crude Oil Flow Improvers Industry Overview

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.

Crude Oil Flow Improvers Market Leaders

  1. BASF SE

  2. Dow

  3. Innospec

  4. Baker Hughes

  5. Dorf Ketal

*Disclaimer: Major Players sorted in no particular order

BASF SE, Dow, Innospec, Baker Hughes, Dorf Ketal
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Crude Oil Flow Improvers Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Growing Demand For Paraffin & Asphaltene Inhibitors

      2. 4.1.2 Increasing Demand for Petroleum Based Products

    2. 4.2 Restraints

      1. 4.2.1 Stringent Environmental Regulations

      2. 4.2.2 Unfavourable Conditions Arising Due to the COVID-19 Outbreak

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porters Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Improver Type

      1. 5.1.1 Paraffin & Asphaltene Inhibitors

      2. 5.1.2 Drag Reducing Agents

      3. 5.1.3 Scale & Corrosion Inhibitors

      4. 5.1.4 Hydrate & Hydrogen Sulfide Inhibitors

      5. 5.1.5 Others (Demulsifiers, Biocides, etc.,)

    2. 5.2 Application

      1. 5.2.1 Extraction

      2. 5.2.2 Pipelines & Transportation

      3. 5.2.3 Processing

      4. 5.2.4 Others

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 Rest of Asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Canada

        3. 5.3.2.3 Mexico

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 United Kingdom

        3. 5.3.3.3 Italy

        4. 5.3.3.4 France

        5. 5.3.3.5 Rest of Europe

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle-East and Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis/Ranking Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Alberta Treating Chemicals Limited

      2. 6.4.2 Ashland

      3. 6.4.3 Baker Hughes

      4. 6.4.4 BASF SE

      5. 6.4.5 Croda International Plc

      6. 6.4.6 Dorf Ketal

      7. 6.4.7 Dow

      8. 6.4.8 Halliburton

      9. 6.4.9 Innospec

      10. 6.4.10 Oil Flux

      11. 6.4.11 PRODUCTION CHEMICAL GROUP

      12. 6.4.12 Schlumberger Limited

      13. 6.4.13 The Zoranoc Oilfield Chemical

    5. *List Not Exhaustive

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Growing Demand from Emerging Economies

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Crude Oil Flow Improvers Industry Segmentation

The Crude Oil Flow Improvers Market Report include:

Improver Type
Paraffin & Asphaltene Inhibitors
Drag Reducing Agents
Scale & Corrosion Inhibitors
Hydrate & Hydrogen Sulfide Inhibitors
Others (Demulsifiers, Biocides, etc.,)
Application
Extraction
Pipelines & Transportation
Processing
Others
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Crude Oil Flow Improvers Market Research FAQs

The Crude Oil Flow Improvers Market is projected to register a CAGR of 5% during the forecast period (2024-2029)

BASF SE , Dow, Innospec, Baker Hughes and Dorf Ketal are the major companies operating in the Crude Oil Flow Improvers Market.

Middle-East and Africa is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the Middle-East and Africa accounts for the largest market share in Crude Oil Flow Improvers Market.

The report covers the Crude Oil Flow Improvers Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Crude Oil Flow Improvers Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Crude Oil Flow Improvers Industry Report

Statistics for the 2024 Crude Oil Flow Improvers market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Crude Oil Flow Improvers analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Crude Oil Flow Improvers Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)