Energia
Crude Oil Flow Improvers Market to Reach $1.92 Bn, Globally, by 2023 at 5.7% CAGR, Says Allied Market Research
The asphaltene inhibitors segment is projected to manifest the fastest CAGR of 6.3% during the forecast period, owing to its specific application to reduce the precipitation of asphaltenes from crude oil. However, the paraffin inhibitors segment held the largest share in 2017, contributing more than two-fifths of the market, owing to its ability to minimize the deposition of paraffin on the borewell during crude oil production. The report includes other segments such as scale inhibitors and hydrate inhibitors.
In terms of application, the extraction segment held the largest share in 2017, contributing about two-fifths of the market, owing to rise in crude oil demand from various end-user industries. However, the pipeline segment is projected to register the fastest CAGR of 6.2% during the study period, owing to its safe and efficient features during transportation of crude oil. The report also includes analysis of refinery segment.
Asia-Pacific region is expected to manifest the fastest growth, registering a CAGR of 6.9% through 2023, owing to increase in crude oil production linked with presence of tier-1 crude oil manufacturers in the region. However, North America region held the largest share in 2017, contributing more than half of the market share, owing to rapid technological advancements, increasing demand for crude oil due to high need for polymers. The report includes analysis of other regions such as Europe and Latin America , Middle East and Africa (LAMEA).
The report includes major market players such as Halliburton Company, Nalco Champion, Schlumberger, Dorf Ketal, Infineum, Baker Hughes, BASF SE, Clariant, Lubrizol Specialty Products, Inc., and Evonik Industries.
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