Natural Gas Is Fastest Growing Segment Fuelling The Growth of Crude Oil Flow Improvers Market
The global Crude Oil Flow Improvers Market is estimated to be valued at US$ 1.67 Bn in 2023 and is expected to exhibit a CAGR of 5.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Crude oil flow improvers help in reducing viscosity at high temperatures, preventing wax deposition and breaking of emulsions in crude oil pipelines. They reduce friction between molecules thus allowing smooth transportation of crude oil even in extreme weather conditions. Market Key Trends: One of the key trends in the crude oil flow improvers market is increasing production and transportation of crude oil obtained from shale deposits and other unconventional resources which tend to be more complex and viscous in nature. This has significantly driven the demand for customized flow improvers that can effectively reduce viscosity and friction in pipelines transporting such heavier grades of crude oil over long dis...