Crude Oil Flow Improvers Market by Type - Global Opportunity Analysis and Industry Forecast, 2017-2023

  • ID: 4333228
  • Report
  • Region: Global
  • 180 pages
  • Allied Analytics LLP
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FEATURED COMPANIES

  • Baker Hughes
  • Basf Se
  • Clariant
  • Dorf Ketal
  • Evonik Industries.
  • Halliburton Company
  • MORE
The global crude oil flow improvers market was valued at $1,282 million in 2016, growing at a CAGR of 5.7% to reach $1,920 million by 2023. Crude oil flow improvers function as additive that provides suitable solution during crude oil extraction processes and maximize the production. Viscosity of heavy crude oil is crucial for long-distance transport to maintain its quality or state. Crude oil flow improvers enable reduction in viscosity of oil for processing and transport, thereby improving production performance and reducing operational costs. It is extracted from remote locations; hence, it is essential to transport extracted oil to appropriate destinations through pipelines, which is the most preferred and efficient way. High viscosity of heavy crude oil and its transportation specifically in cold regions is quite challenging as it becomes thicker with the decrease in temperature. Thus, crude oil flow improvers are widely used to control viscosity, reduce the turbulence, and increase the flow rate inside the pipelines.

In 2016, North America led the global crude oil flow improvers market, owing to the increase in adoption of nontraditional oil extraction techniques such as hydraulic fracturing and horizontal drilling. It increases the production of crude oil, in turn boost the need for flow improvers to reduce viscosity of oil to move freely through pipes. U.S. was the leading country in the North America crude oil flow improvers market, followed by Canada. LAMEA followed North America, owing to the increase in investment in the development of new oil well and rise in demand for crude oil flow improvers. The global market is driven by the increase in crude oil production globally owing to high demand and rise in demand for crude oil flow improvers from the developing markets such as Middle East and Africa. Moreover, rise in hydraulic fracturing is expected to increase the demand for crude oil flow improvers. However, steady decline in crude oil prices and environmental concerns are expected to hamper the market growth in the near future.

The global crude oil flow improver market is segmented based on type, application, and geography. On the basis of type, it is divided as paraffin inhibitors, asphaltene inhibitors, scale inhibitors, and hydrate inhibitors. On the basis of application, it is categorized into extraction, pipeline, and refinery. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

In November, 2015, Baker Hughes launched the high-performance and low-dosage asphaltene inhibitor that help to control asphaltene deposition with better flow assurance and minimize the risk of blockages in production lines & equipment.

The major market players are as follows:

Halliburton Company
Baker Hughes
Nalco Champion
BASF SE
Schlumberger
Clariant
Dorf Ketal
Lubrizol Specialty Products, Inc.
Infineum
Evonik Industries.

KEY BENEFITS FOR STAKEHOLDERS

This report provides an extensive analysis of the current & emerging market trends and dynamics of the global crude oil flow improver market.
In-depth analysis of all regions is conducted by constructing the market estimations for key segments from 2017 to 2023 to identify the prevailing opportunities.
The report assists to understand the strategies adopted by the companies for market expansion.
This study evaluates the competitive landscape to understand the market scenario across various regions.
Extensive analysis is conducted by following key player positioning and monitoring the top competitors within the market framework.

KEY MARKET SEGMENTS

By Type

Paraffin Inhibitors
Asphaltene Inhibitors
Scale Inhibitors
Hydrate Inhibitors

By Application

Extraction
Pipeline
Refinery

By Geography

North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Denmark
Italy
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Australia
Rest of Asia-Pacific
LAMEA
Brazil
Argentina
Saudi Arabia
Rest of LAMEA
The other major players in the industry include the following:

WRT BV
Production Chemical Group
Rodanco
Partow Ideh Pars
Phillips Specialty Products Inc.
*The above list of companies is not profiled in the report, but can be added based on interest.
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Baker Hughes
  • Basf Se
  • Clariant
  • Dorf Ketal
  • Evonik Industries.
  • Halliburton Company
  • MORE
CHAPTER 1. INTRODUCTION

1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS
1.3. KEY MARKET SEGMENT
1.4. RESEARCH METHODOLOGY

1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tool & model

CHAPTER 2. EXECUTIVE SUMMARY

2.1. MARKET SNAPSHOT
2.2. CXO PERSPECTIVES

CHAPTER 3. MARKET OVERVIEW

3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS

3.2.1. Top investment pockets
3.2.2. Top winning strategies

3.3. KEY PLAYER POSITIONING, 2016 (%)
3.4. PORTERS FIVE FORCES ANALYSIS
3.5. MARKET DYNAMICS

3.5.1. Drivers

3.5.1.1. Increase in worldwide crude oil production
3.5.1.2. Rise in hydraulic fracturing activities
3.5.1.3. Increase in demand for crude oil flow improvers in Middle East and Africa

3.5.2. Restraints

3.5.2.1. Crude oil price fluctuations
3.5.2.2. Increase in environmental concerns

3.5.3. Opportunities

3.5.3.1. Production of crude oil flow improvers from renewable resources

CHAPTER 4. GLOBAL CRUDE OIL FLOW IMPROVER MARKET, BY TYPE

4.1. INTRODUCTION

4.1.1. Market size and forecast

4.2. PARAFFIN INHIBITORS

4.2.1. Key market trends, growth factors, and opportunities
4.2.2. Market size and forecast

4.3. ASPHALTENE INHIBITORS

4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Market size and forecast

4.4. SCALE INHIBITORS

4.4.1. Key market trends, growth factors, and opportunities
4.4.2. Market size and forecast

4.5. HYDRATE INHIBITORS

4.5.1. Key market trends, growth factors, and opportunities
4.5.2. Market size and forecast

CHAPTER 5. GLOBAL CRUDE OIL FLOW IMPROVER MARKET, BY APPLICATION

5.1. INTRODUCTION

5.1.1. Market size and forecast

5.2. EXTRACTION

5.2.1. Key market trends, growth factors, and opportunities
5.2.2. Market size and forecast

5.3. PIPELINE

5.3.1. Key market trends, growth factors, and opportunities
5.3.2. Market size and forecast

5.4. REFINERY

5.4.1. Key market trends, growth factors, and opportunities
5.4.2. Market size and forecast

CHAPTER 6. GLOBAL CRUDE OIL FLOW IMPROVER MARKET, BY GEOGRAPHY

6.1. INTRODUCTION

6.1.1. Market size and forecast

6.2. NORTH AMERICA

6.2.1. Key market trends, growth factors, and opportunities
6.2.2. Market size and forecast
6.2.3. U.S.

6.2.3.1. Market size and forecast by type

6.2.4. Canada

6.2.4.1. Market size and forecast by type

6.2.5. Mexico

6.2.5.1. Market size and forecast by type

6.3. EUROPE

6.3.1. Key market trends, growth factors, and opportunities
6.3.2. Market size and forecast
6.3.3. UK

6.3.3.1. Market size and forecast by type

6.3.4. Germany

6.3.4.1. Market size and forecast by type

6.3.5. France

6.3.5.1. Market size and forecast by type

6.3.6. Denmark

6.3.6.1. Market size and forecast by type

6.3.7. Italy

6.3.7.1. Market size and forecast by type

6.3.8. Rest of Europe

6.3.8.1. Market size and forecast by type

6.4. ASIA-PACIFIC

6.4.1. Key market trends, growth factors, and opportunities
6.4.2. Market size and forecast
6.4.3. China

6.4.3.1. Market size and forecast by type

6.4.4. India

6.4.4.1. Market size and forecast by type

6.4.5. Japan

6.4.5.1. Market size and forecast by type

6.4.6. South Korea

6.4.6.1. Market size and forecast by type

6.4.7. Australia

6.4.7.1. Market size and forecast by type

6.4.8. Rest of Asia-Pacific

6.4.8.1. Market size and forecast by type

6.5. LAMEA

6.5.1. Key market trends, growth factors, and opportunities
6.5.2. Market size and forecast
6.5.3. Brazil

6.5.3.1. Market size and forecast by type

6.5.4. Argentina

6.5.4.1. Market size and forecast by type

6.5.5. Saudi Arabia

6.5.5.1. Market size and forecast by type

6.5.6. Rest of LAMEA

6.5.6.1. Market size and forecast by type

CHAPTER 7. COMPANY PROFILES

7.1. HALLIBURTON COMPANY

7.1.1. Company overview
7.1.2. Company snapshot
7.1.3. Operating business segments
7.1.4. Business performance
7.1.5. Key strategic moves and developments

7.2. BAKER HUGHES

7.2.1. Company overview
7.2.2. Company snapshot
7.2.3. Operating business segments
7.2.4. Business performance
7.2.5. Key strategic moves and developments

7.3. NALCO CHAMPION

7.3.1. Company overview
7.3.2. Company snapshot
7.3.3. Operating business segments
7.3.4. Business performance
7.3.5. Key strategic moves and developments

7.4. BASF SE

7.4.1. Company overview
7.4.2. Company snapshot
7.4.3. Operating business segments
7.4.4. Business performance
7.4.5. Key strategic moves and developments

7.5. SCHLUMBERGER

7.5.1. Company overview
7.5.2. Company snapshot
7.5.3. Operating business segments
7.5.4. Business performance
7.5.5. Key strategic moves and developments

7.6. CLARIANT

7.6.1. Company overview
7.6.2. Company snapshot
7.6.3. Operating business segments
7.6.4. Business performance
7.6.5. Key strategic moves and developments

7.7. DORF KETAL

7.7.1. Company overview
7.7.2. Company snapshot
7.7.3. Operating business segments
7.7.4. Business performance
7.7.5. Key strategic moves and developments

7.8. LUBRIZOL SPECIALTY PRODUCTS, INC.

7.8.1. Company overview
7.8.2. Company snapshot
7.8.3. Operating business segments
7.8.4. Business performance
7.8.5. Key strategic moves and developments

7.9. INFINEUM

7.9.1. Company overview
7.9.2. Company snapshot
7.9.3. Operating business segments
7.9.4. Business performance
7.9.5. Key strategic moves and developments

7.10. EVONIK INDUSTRIES

7.10.1. Company overview
7.10.2. Company snapshot
7.10.3. Operating business segments
7.10.4. Business performance
7.10.5. Key strategic moves and developments
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FEATURED COMPANIES

  • Baker Hughes
  • Basf Se
  • Clariant
  • Dorf Ketal
  • Evonik Industries.
  • Halliburton Company
  • MORE
According to a new report titled, Crude Oil Flow Improvers Market by Type and Application: Global Opportunity Analysis and Industry Forecast, 2017-2023, the global crude oil flow improver market was valued at $1,282 million in 2016, and is estimated to reach $1,920 million by 2023, registering a CAGR of 5.7% from 2017 to 2023. In 2016, the extraction segment accounted for more than one-third share of the total market.

Crude oil flow improvers act as additives for crude oil that enhances the properties of crude oil during all the extraction stages to maximize the production. It enables the transportation of crude oil over a long distance with controlled viscosity of heavy crude oil, without affecting the quality or state. Crude oil is specifically extracted in remote locations; hence, it is essential to transport extracted oil to appropriate destinations. Transportation of crude oil through pipeline is the most preferred way however, it is relatively difficult due to high viscosity of heavy crude oil. Flow improvers are widely employed to maintain viscosity, reduce the turbulence, and increase the flow rate inside the pipelines. In addition, it increases pipeline throughput and flow capacity of oil, thus decreasing transportation time.
Rise in hydraulic fracturing is further expected to increase the demand for crude oil flow improvers. However, steady decline in crude oil prices and environmental concerns are expected to hamper the market growth in the near future. The production of crude oil flow improvers from renewable resources is expected to provide a substantial growth opportunity in the near future.
Paraffin inhibitor was the leading segment in 2016, and is expected to dominate the market during the forecast period, owing to minimization or prevention of paraffin deposition. Paraffin compounds in crude oil can damage the formation, plug production, and transport equipment. In addition, it causes poor flowability or leads to flow-restricting deposits.

Key Findings of the Crude Oil Flow Improvers Market:
In 2016, North America dominated the global market, with more than half share in the overall market.
The asphaltene inhibitors segment is estimated to grow at the highest CAGR of 6.3% from 2017 to 2023.
In 2016, paraffin inhibitor was the leading segment, accounting for more than one-third share in global market.
The pipeline segment is projected to grow at highest CAGR of 6.2% from 2017 to 2023.
Asia-Pacific is expected to grow at the highest CAGR of 6.9% during the forecast period.
U.S. is the leading country in the global market, growing at a CAGR of 5.1% from.
In 2016, North America dominated the global market, owing to the increase in adoption of non-traditional oil extraction techniques such as hydraulic fracturing and horizontal drilling. It increases the crude oil production, in turn augment the need for flow improvers to reduce viscosity of oil to move freely through pipes. U.S. dominated the North America crude oil flow improver market in 2016, followed by Canada. LAMEA is the second leading geographical segment, which is expected to register a CAGR of 6.3% from 2017 to 2023.
The key companies profiled in the report include Halliburton Company, Baker Hughes, Nalco Champion, BASF SE, Schlumberger, Clariant, Dorf Ketal, Lubrizol Specialty Products, Inc., Infineum, and Evonik Industries.
Note: Product cover images may vary from those shown
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  • Halliburton Company
  • Baker Hughes
  • Nalco Champion
  • Basf Se
  • Schlumberger
  • Clariant
  • Dorf Ketal
  • Lubrizol Specialty Products, Inc.
  • Infineum
  • Evonik Industries.
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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