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Crude Oil Flow Improvers Market: Lucrative Opportunists Across Globe

The global Crude Oil Flow Improvers Market estimated to witness a high market by the completion of the forecast period. From site of oil extraction to refinery the transportation performs an important part in carrying crude oil through pipelines in a well-organized method. Carrying of the crude oil in the wintry regions is not easy because it turn thicker while traveling extensive distance. The crude oil flow improvers assist the oil companies since it is a chemical addition that offers appropriate way out from oil well to processing plant and gets the most out of the production. Agents for dropping the drag are between them. It decreases the turbulence and takes care of better speed of flow inside the pipelines
Crude Oil Flow Improvers

Growing actions of hydraulic rupturing, rising and falling demand for crude oil, growing investments, technological improvement and sophisticated products are a few of the reasons that will increase the development of the market for crude oil flow improvers. In contrast, increasing research initiatives and manufacturer emphasis on producing from renewable energy sources will additionally generate a plethora of opportunities in the near future
Further key findings from the report suggest:
  • The global COFI market is estimated to grow at a CAGR of 5.6% from 2017 to 2025
  • Extraction is projected to emerge as the fastest application segment, predicted to grow at a CAGR of 6% from 2017 to 2025
  • Refinery application segment in Russia accounting for 24% in 2016 and is expected to witness a similar consumption trend over the forecast period
  • Asia Pacific accounted for over 14% of the global revenue in 2016 and is projected to grow at a CAGR of 6.3% from 2017 to 2025
  • UK asphaltene inhibitor was valued at USD 10.3 million in 2016 and is projected to grow at a CAGR of 5% over the projected period
  • Central & South American crude oil flow improvers market was valued at USD 104.9 million in 2016 and is anticipated to grow at a stable rate over the upcoming years
  • Major companies actively operating in the industry in the present scenario would include BASF, Halliburton, Schlumberger, Nalco, and Baker Huges.
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