The Crude Oil Flow Improvers Global Market Report 2023, provides comprehensive information on the crude oil flow improvers market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Crude Oil Flow Improvers Global Market Report 2023, the market size is expected to grow from $1.61 billion in 2022 to $1.71 billion in 2023 at a compound annual growth rate (CAGR) of 6.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global crude oil flow improvers market size is expected to grow to $2.14 billion in 2027 at a CAGR of 5.8%.
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Technological advancements are a key trend gaining popularity in the crude oil flow improvers market. Major companies in the crude oil flow improvers market are advancing their technologies to strengthen their market position. For instance, in November 2020, Locus Bio-Energy Solutions, a US-based nature-derived chemicals provider introduced Sustain- a biosurfactant treatment line that may sustainably improve the functionality and financial effectiveness of completion fluids. It is the first ESG-friendly solution to perform better than synthetic surfactants in boosting a well’s initial production (IP) and predicted ultimate recovery (EUR). The multifunctional solutions can reach even the tightest shale reserves where other treatments can’t and can mobilize oil from even the smallest nanopores. Development of this economically feasible completions technology that unlocks residual oil in place and decreases costs in unconventional wells can result in a substantial rise in domestic oil production, leading to sustained, profitable growth.
The crude oil flow improvers market is segmented:
1) By Product: Paraffin Inhibitors, Asphaltene Inhibitors, Scale Inhibitors, Hydrate Inhibitors
2) By Application: Extraction, Transportation, Refinery
North America was the largest region in the crude oil flow improvers market in 2022.
The table of contents in TBRC’s crude oil flow improvers market report includes:
1. Executive Summary
2. Crude Oil Flow Improvers Market Characteristics
3. Crude Oil Flow Improvers Market Trends And Strategies
4. Crude Oil Flow Improvers Market – Macro Economic Scenario
5. Crude Oil Flow Improvers Market Size And Growth
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26. Africa Crude Oil Flow Improvers Market
27. Crude Oil Flow Improvers Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Crude Oil Flow Improvers Market
29. Crude Oil Flow Improvers Market Future Outlook and Potential Analysis
30. Appendix
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