PUBLISHER: The Business Research Company | PRODUCT CODE: 1658928
PUBLISHER: The Business Research Company | PRODUCT CODE: 1658928
Crude oil flow improvers are tools used to maintain the viscosity of crude oil during processing and transportation. They act as additives that optimize production and offer solutions throughout the entire crude oil extraction process, from reservoir to refinery. These flow improvers help reduce the energy required for various stages such as processing, pipeline distribution, surface boosting, and artificial lift in crude oil operations.
The primary products in crude oil flow improvers include paraffin inhibitors, asphaltene inhibitors, scale inhibitors, and hydrate inhibitors. Paraffin inhibitors, for instance, involve chemical processes that modify the size and structure of wax crystals, redistributing paraffin back into the oil to ensure a consistent flow. The applications of crude oil flow improvers span extraction, transportation, and refining processes.
The crude oil flow improvers market research report is one of a series of new reports from The Business Research Company that provides crude oil flow improvers market statistics, including crude oil flow improvers industry global market size, regional shares, competitors with crude oil flow improvers market share, detailed crude oil flow improvers market segments, market trends, and opportunities, and any further data you may need to thrive in the crude oil flow improvers industry. This crude oil flow improvers market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The crude oil flow improvers market size has grown strongly in recent years. It will grow from $1.83 billion in 2024 to $1.95 billion in 2025 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to high viscosity oil, rise in enhanced oil recovery (EOR), demand for cost efficiency, regulatory compliance, growing oil production.
The crude oil flow improvers market size is expected to see strong growth in the next few years. It will grow to $2.52 billion in 2029 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be attributed to focus on environmental impact, demand for enhanced pipeline efficiency, increased heavy crude oil production, emerging market demand, rise in unconventional oil extraction, expansion in shale oil production, demand for low dosage solutions. Major trends in the forecast period include focus on offshore oil operations, economic pipeline operations, shift towards EOR methods, technological innovations.
The rising demand for crude oil is expected to propel the growth of the crude oil flow improvers market. Crude oil, a mixture of hydrocarbons, is naturally found in subsurface reservoirs in liquid form and remains liquid at atmospheric pressure after undergoing surface separation. Crude oil flow improvers are used to maintain its viscosity. For example, in October 2023, the US Energy Information Administration, a federal statistical agency, reported an increase in U.S. crude oil production to 12.4 million barrels per day (b/d), up from the previous record of 11.7 million b/d in 2022. Consequently, the growing demand for crude oil is fueling the demand for crude oil flow improvers.
The growing demand for energy is anticipated to drive the growth of the crude oil flow improvers market in the future. Energy refers to the power sources used to operate machinery, equipment, or tools necessary for repairs. Crude oil flow improvers utilize energy for extraction and transportation to refining, as well as for producing renewable fuels and ensuring operational efficiency in crude oil operations. For instance, in April 2023, the Energy Information Administration, a U.S. government agency, projected that energy consumption in the U.S. industrial sector would increase by 5% to 32% between 2022 and 2050. Thus, the rising demand for energy is propelling the growth of the crude oil flow improvers market.
Leading companies in the crude oil flow improvers market are developing innovative products, such as PHASETREAT WET, to deliver dependable services to their customers. PHASETREAT WET represents a sustainable demulsification process tailored for the oil and gas industry. For example, in January 2023, Clariant AG, a Switzerland-based chemical manufacturer, introduced PHASETREAT WET. This demulsification technology significantly decreases demulsifier dosages by up to 75% compared to existing solutions, enhancing both onshore and offshore operations. It is specifically designed to address the challenges associated with traditional oil production processes.
In a parallel effort to meet evolving industry needs, major companies operating in the crude oil flow improvers market are introducing advanced solutions. An exemplary product in this regard is the Infineum M8040 additive package, unveiled by Infineum International Limited in May 2022. Engineered specifically for two-stroke engines running on very low sulfur fuel oil (VLSFO), this additive package enhances operational efficiency and cleanliness. Notably approved for MAN B and W two-stroke engines, including Mark 9 and higher, it offers an efficient and sustainable solution for marine engine lubrication, eliminating the need for switching between different lubricants.
In a strategic move to strengthen market presence and capabilities, Clariant AG acquired BASF Attapulgite business assets in October 2022. This $60 million acquisition included land, mining rights, processing facilities, and inventories, positioning Clariant AG to enhance its capabilities in the purification of edible oils and renewable fuels. The acquisition also extended Clariant AG's footprint in North America, showcasing the company's commitment to growth and innovation in the crude oil flow improvers sector.
Major companies operating in the crude oil flow improvers market are 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
North America was the largest region in the crude oil flow improvers market share in 2024. Asia-Pacific is expected to be the fastest-growing region in the global crude oil flow improvers market during the forecast period. The regions covered in the crude oil flow improvers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the crude oil flow improvers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The crude oil flow improvers market consists of sales of drag reducing agents, and hydrogen sulfide inhibitors. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Crude Oil Flow Improvers Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on crude oil flow improvers market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for crude oil flow improvers ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The crude oil flow improvers market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.