The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

Market Overview

• The crude oil flow improvers market has witnessed robust growth in recent years.
• In 2023, the market size reached $1.73 billion and is projected to hit $1.84 billion in 2024, with a CAGR of 6.7%.
• Factors driving historic growth include high viscosity oil, enhanced oil recovery (EOR), cost efficiency demands, and regulatory compliance.
• Future growth is anticipated, reaching $2.39 billion by 2028, with a CAGR of 6.7%.

Driving Forces Behind Market Growth

• Increasing Crude Oil Demand: Global oil demand is projected to rise steadily, fueling the demand for crude oil flow improvers.
• Technological Innovations: Continuous advancements in technology drive efficiency and effectiveness in crude oil extraction and transportation.
• Environmental Concerns: Focus on reducing environmental impact amplifies the need for efficient flow improvers.
• Shift Towards EOR Methods: Enhanced oil recovery methods are gaining prominence for maximizing oil extraction.

Major Players and Innovations

Infineum Redefines Marine Lubrication

• Infineum International Limited introduces the Infineum M8040 additive package, enhancing operational efficiency for two-stroke engines.
• The package targets engines running on very low sulfur fuel oil, offering improved performance and sustainability.

Clariant AG’s Strategic Acquisition

• Clariant AG acquires BASF Attapulgite business assets, bolstering its market presence in crude oil flow improvers.
• The acquisition strengthens Clariant’s position in purification processes and expands its North American footprint.

Market Segmentation
The crude oil flow improvers market is segmented based on:

1. Product
   • Paraffin Inhibitors
   • Asphaltene Inhibitors
   • Scale Inhibitors
   • Hydrate Inhibitors
2. Application
   • Extraction
   • Transportation
   • Refinery

Regional Outlook

• North America dominated the market in 2023, while the Asia-Pacific region is poised for rapid growth.
• Emerging markets and increased heavy crude oil production contribute to the market’s expansion.

View More On The Crude Oil Flow Improvers Market Report 2024 – https://www.thebusinessresearchcompany.com/report/crude-oil-flow-improvers-global-market-report

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The Crude Oil Flow Improvers Global Market Report 2024  provides comprehensive insights on the crude oil flow improvers market size, trends and drivers, opportunities, strategies, and competitor analysis. The countries covered in the crude oil flow improvers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

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