Market Research Report
Crude Oil Flow Improvers Market Analysis By Product (Paraffin Inhibitors, Asphaltene Inhibitors, Scale Inhibitors, Hydrate Inhibitors), By Application (Extraction, Transportation, Refinery), And Segment Forecasts, 2014 - 2025
|Published by||Grand View Research, Inc.||Product code||572880|
|Published||Content info||104 Pages
Delivery time: 2-3 business days
|Crude Oil Flow Improvers Market Analysis By Product (Paraffin Inhibitors, Asphaltene Inhibitors, Scale Inhibitors, Hydrate Inhibitors), By Application (Extraction, Transportation, Refinery), And Segment Forecasts, 2014 - 2025|
|Published: September 13, 2017||Content info: 104 Pages||
The global crude oil flow improvers market is expected to reach USD 2.03 billion by 2025, according to a new report by Grand View Research, Inc. The market is estimated to grow significantly over the forecast period owing to shale revolution positively affecting the COFI market. Despite several existing rigs being decommissioned over the last few years, the industry has witnessed an increase in the overall petroleum production. This has given an impetus to the need for utilization of these chemicals in the upstream extraction sector.
The existence and expansion of product pipelines have encouraged the utilization of these products to improve the productivity, minimize the throughput time and eliminate the bottlenecks during the various operations across the oil and gas value chain.
Asphaltene inhibitors are anticipated to be the fastest growing segment over the upcoming years and is projected to grow at a CAGR of 6.3% from 2017 to 2025. These products help to reduce the precipitation of asphaltenes, preserve the asset integrity of the flow lines and optimize the operations over the forecast period. The utility of these chemicals is predominant in the extraction and pipeline segments. The problems associated with the extraction and transportation of asphaltenic crude include pipeline deposition and wellbore plugging. These unwanted bottlenecks result in the increase in the demand for these products globally.
Paraffin inhibitors is expected to be the largest product segment. Paraffin content in crude oil can damage transport equipment. It helps in eradicating the effects of wax deposition during petroleum extraction, refining, and transportation.