Insights on the Crude Oil Flow Improvers Global Market to 2026 – Featuring Ashland, Baker Hughes and BASF Among Others – ResearchAndMarkets.com

DUBLIN – (BUSINESS WIRE) – The report “Crude Oil Flow Improves Market – Growth, Trends, COVID-19 Impact, and Forecast (2021-2026)” has been added ResearchAndMarkets.com Offer.

The market for crude oil flow improvers is expected to grow by around 5% worldwide in the forecast period.

Mentioned companies

  • Alberta Treating Chemicals Limited

  • Ashland

  • Baker Hughes

  • BASF SE

  • Croda International Plc

  • Ketal village

  • Dow

  • Halliburton

  • Innospec

  • Oil flow

  • PRODUCTION CHEMICAL GROUP

  • Schlumberger Limited

  • The Zoranoc oil field chemical

Important market trends

Growing demand for paraffin and asphaltene inhibitors

  • Crude oil flow improvers are widely used in the oil and gas industry and are expected to grow rapidly over the forecast period.

  • Paraffins made from long-chain hydrocarbons, which occur naturally in crude oil, inhibit the free flow of crude oil and thereby increase power consumption, reduce the efficiency of pumps and their service life. Paraffin inhibitors prevent wax from depositing on the surface of pipelines, boreholes and during processing. They change the temperature of the wax appearance which improves flow and are often referred to as pour point dispersants or cold flow enhancers.

  • Asphaltene occurs in heavy crude oils. The changes in pressure and temperature during extraction or transport in a pipeline cause the asphaltenes (tar) present to precipitate in deposits of the black rock type, which affects the flow by creating a throttling point. Asphaltene inhibitors help prevent agglomeration and precipitation of asphaltenes in the pipelines.

  • Crude oil flow improvers aid in the free flow of crude oil products, asphalt-crude oil and multi-phase systems. Global consumption of petroleum and other petroleum-based liquids is 100.75 million barrels per day in 2019, compared to 99.97 million barrels per day in 2018, an increase of around 284.7 million barrels per year and expected to increase over the forecast period becomes.

  • Due to unprecedented conditions due to the COVID-19 outbreak, oil and gas consumption will decrease by at least 5 million barrels per day due to lockdowns in different countries and suspension of travel, tourism, e-commerce and traffic, restaurants are expected to decrease consumption per year Affect 2020.

  • Increasing urbanization and increasing demand for crude oil-based products should drive the market for crude oil flow improvers over the forecast period.

Middle East region to dominate the market

  • The Middle East region is expected to dominate the crude oil flow improver market over the forecast period as demand increases from countries such as Saudi Arabia, Iraq and the United Arab Emirates.

  • Crude oil contains long-chain hydrocarbons that reduce the pressure drop for the same flow rate and thereby increase the pipeline flow rate for the same amount of energy. Crude oil flow improvers include drag reducers, scale, paraffin, asphaltene, hydrate, biocide, hydrogen sulfide, iron sulfide, foam inhibitors, etc., which improve flow efficiency.

  • Saudi Arabia is the second largest crude oil producer in the world after the USA and has the second largest crude oil reserves after Venezuela. According to the Organization of Petroleum Exporting Countries (OPEC), 64.5% of OPEC’s crude oil reserves, which account for 79.6% of total world reserves, are in the Middle East.

  • In 2019, oil production in Saudi Arabia is 11.79 million barrels per day, in Iraq 4.75 million barrels per day and in the United Arab Emirates 3.99 million barrels per day. The increasing use of crude oil-based end products in power generation, automobiles, industry, etc. is expected to drive the market.

  • The above factors, along with government support, contribute to the growing demand for crude oil flow improvers in the Middle East over the forecast period.

Main topics covered:

1 INTRODUCTION

2 RESEARCH METHODOLOGY

3 SUMMARY

4 MARKET DYNAMICS

4.1 Driver

4.1.1 Growing demand for paraffin and asphaltene inhibitors

4.1.2 Growing demand for petroleum-based products

4.2 Limitations

4.2.1 Strict environmental regulations

4.2.2 Adverse conditions due to the COVID-19 outbreak

4.3 Analysis of the industry’s value chain

4.4 Porter’s Five Forces Analysis

5 MARKET SEGMENTATION

6 COMPETITIVE LANDSCAPE

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

7.1 Growing demand from emerging countries

Please visit https://www.researchandmarkets.com/r/gjllsb for more information on this report

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