Crude Oil Flow Improvers (COFI) Market by Type (Paraffin Inhibitors, Asphaltene Inhibitors, Scale Inhibitors, Drag Reducing Agents, and Hydrate Inhibitors), Application (Extraction, Pipeline, and Refinery), Supply Mode - Global Forecast to 2021
The global size of crude oil flow improvers market (COFI) is estimated to reach USD 1.73 Billion by 2021, at a CAGR of 5.5%. The main objective of the study is to define, describe, and forecast the COFI market on the basis of type, application, supply mode, and region. The report includes detailed information about the major factors (drivers, restraints, opportunities and industry-specific challenges) influencing the market growth. The report strategically analyzes the market segments with respect to individual growth trends, growth prospects, and contribution to the total market. It includes analysis of the COFI by type (paraffin inhibitors, scale inhibitors, asphaltene inhibitors, hydrate inhibitors, and drag-reducing agents), by application (extraction, pipeline, and refinery), by supply mode (direct and through distributors), and by region (Asia-Pacific, Europe, North America, Middle East, and RoW). The market size of crude oil flow improvers market (COFI) is estimated, both in terms of volume and value. The base year considered for the study is 2015 while the forecast period is between 2016 and 2021.
Both the top-down and bottom-up approaches have been used to estimate and validate the size of the global crude oil flow improvers market (COFI) and to estimate the size of various other dependent submarkets. Extensive secondary sources, directories, and databases such as Hoovers, Bloomberg, Chemical Weekly, Factiva, International Monetary Fund (IMF), World bank, Economic Co-operation and Development (OECD), International Energy Agency (IEA), Securities And Exchange Commission (SEC), and other government and private websites are involved to identify and collect information useful for this technical, market-oriented, and commercial study of the COFI market.
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Crude Oil Flow Improvers Market Ecosystem:
The COFI value chain includes raw material manufacturers such as Lubrizol (U.S,) and BASF SE (Germany). Some of the manufacturers, such as Halliburton/Baker Hughes (U.S.), Schlumberger (U.S.) are also consumers of the products. These raw materials are supplied to the major crude oil flow improver manufacturers such as, Nalco Champion (U.S.), BASF SE (Germany), Clariant (Switzerland), Dorf Ketal (India), Lubrizol Specialty Products, Inc. (U.S.), and Infineum (U.K.).
Furthermore, the COFI products manufactured by these companies are used by oil & gas companies such as British Petroleum (U.K.), ExxonMobil (U.S.), Total S.A. (France), and Saudi Aramco (Saudi Arabia). Oilfield services companies such as Schlumberger (U.S.), Baker Hughes (U.S.), and National Oil Varco (U.S.), Weatherford International (U.S.) are the users of COFI products.
Key Target Audience:
- COFI manufacturers
- COFI traders, distributors, and suppliers
- Government and research organizations
- Associations and industrial bodies
- Research and consulting firms
- R&D institutions
- Environment support agencies
- Raw material suppliers
“Study answers several questions for the stakeholders, primarily which market segments to focus in next two-to-five years for prioritizing the efforts and investments.”
Scope of the Crude Oil Flow Improvers Market Report:
This research report categorizes the global crude oil flow improvers market (COFI) on the basis of type, application, supply mode, and region.
On the basis of Type:
- Paraffin Inhibitors
- Asphaltene Inhibitors
- Scale Inhibitors
- Drag-reducing Agents
- Hydrate Inhibitors
On the basis of Application:
- Extraction
- Pipeline
- Refinery
On the basis of Supply Mode:
- Direct
- Through Distributors
On the basis of Region:
- North America
- Europe
- Asia-Pacific
- Middle East
- Rest of the World
The market is further analyzed for the key countries in each of these regions.
Available Customizations:
With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:
Product Analysis
- Product Matrix that gives a detailed comparison of product portfolio of each company
Regional analysis
- Further breakdown of a region with respect to a particular country
Company information
- Detailed analysis and profiling of additional market players (up to 5)
The global market size of COFI is estimated to reach USD 1.73 Billion by 2021 at a CAGR of 5.5%. Rise in worldwide crude oil production and increase in hydraulic fracturing, mainly from unconventional sources is driving the market.
Different types of COFI are included in the report. The main types are paraffin inhibitors, scale inhibitors, hydrate inhibitors, asphaltene inhibitors, and drag-reducing agents. Paraffin inhibitors accounted for the largest-market share. Paraffin waxes are a major component in oil production and cause operational challenges by blocking the casings and oil pipelines, especially at low temperatures. Therefore, to avoid deposition of paraffin waxes, paraffin inhibitors are used in oil production processes and pipeline transportation of crude oil.
COFI are included at various application areas, such as extraction, refinery, and pipeline. In 2015, the extraction application accounted for the largest market share, in terms of both volume and value, given the large number of oil wells across the globe and large volumetric consumption of this product in the extraction process.
COFI are supplied through two major modes such as direct and through distributors. In 2015, the direct mode accounted for the largest market share between the two, in terms of both volume and value, because major oil & gas companies procure COFI by issuing tenders for the supply of the same. Direct supply mode is a prominent practice adopted by the suppliers, hence this is estimated to register the highest CAGR between 2013 and 2017.
Asia-Pacific, North America, Europe, the Middle East, and Rest of the World (including Africa and Latin America) are considered the major market of COFI in the report. North America is dominating the global crude oil flow improvers market (COFI). The rising demand of COFI in this region is mainly driven by the huge shale oil reserves in the U.S. Moreover, removal of sanction on Iran’s oil & gas industry, heavy oil production in Venezuela (Orinoco basin), and huge reserves in Brazil is driving the demand of COFI in the Middle East and Latin America. Moreover, the geopolitical condition which is expected to smoothen in Nigeria and Libya is also seen as a driving factor for COFI in Africa.
Though the crude oil flow improvers market (COFI) is growing at a significant rate, the continuous decline in crude oil prices and the environmental challenges due to contamination of water table hampers the market growth. Additionally, the geopolitical issues in Africa and Middle East indirectly affects the demand of COFI.
The Halliburton Company (U.S.), Baker Hughes (U.S.), Schlumberger (U.S.), and Clariant (Switzerland), are the leading companies, with an excellent foothold in the global market. These companies are expected to account for a significant market share in the near future. Other major manufacturers of COFI are Nalco Champion (U.S.), BASF SE (Germany), Dorf Ketal (India), Lubrizol Specialty Products, Inc. (U.S.), and Infineum (U.K.).
Frequently Asked Questions (FAQ):
How big is the crude oil flow improvers market?
The size of crude oil flow improvers market (COFI) is estimated to grow from USD 1.26 Billion in 2015 to USD 1.73 Billion by 2021, at a CAGR of 5.5%.
Who leading market players in crude oil flow improvers market?
The Halliburton Company (U.S.), Baker Hughes (U.S.), Schlumberger (U.S.), and Clariant (Switzerland), are the leading companies, with an excellent foothold in the global market. These companies are expected to account for a significant market share in the near future. Other major manufacturers of COFI are Nalco Champion (U.S.), BASF SE (Germany), Dorf Ketal (India), Lubrizol Specialty Products, Inc. (U.S.), and Infineum (U.K.).
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Table of Contents
1 Introduction
1.1 Objective of the Study
1.2 Currency and Pricing
1.3 Market Definition
1.4 Stakeholders
2 Research Methodology
2.1 Research Design
2.2 Secondary Data
2.2.1 Key Data From Secondary Sources
2.3 Primary Data
2.3.1 Breakdown of Primaries
2.4 Market Size Estimation
2.4.1 Bottom Up Approach
2.4.2 Top Down Approach
2.5 Data Triangulation
2.6 Research Assumption
3 Executive Summary
3.1 Crude Oil Flow Improvers Market: Current and Forecast : By Volume
3.2 Crude Oil Flow Improvers Market: Current and Forecast : By Value
3.3 Attractiveness Analysis
3.4 Market Potential
4 Premium Insights
4.1 Opportunities in Cofi Market
4.2 Cofi Market Attractiveness
4.3 Crude Oil Flow Improvers : Market Attractiveness By Region
5 Crude Oil Flow Improvers Market Overview
5.1 Crude Oil Flow Improvers Market, Usage Break Up
5.2 Usage Intensity of Paraffin Inhibitors Chemistry
5.3 Crude Oil Flow Improvers Market Outlook
5.4 Market Dynamics
5.4.1 Drivers
5.4.2 Restraints
5.4.3 Opportunities
5.4.4 Challenges
5.5 Supply Chain and Market Ecosystem
6 Crude Oil Flow Improvers Market By Type
6.1 Introduction
6.2 Paraffin Inhibitors Market
6.3 Asphaltene Inhibitors Market
6.4 Scale Inhibitors Market
6.5 Drag Reducing Agent Market
6.6 Hydrate Inhibitors Market
7 Crude Oil Flow Improvers Market By Application
7.1 Introduction
7.2 Extraction
7.3 Pipeline
7.4 Refinery
8 Crude Oil Flow Improvers Market By Supply Mode
8.1 Introduction
9 Crude Oil Flow Improvers Market By Region
9.1 Crude Oil Flow Improvers Market: North America
9.2 Crude Oil Flow Improvers Market: Europe
9.3 Crude Oil Flow Improvers Market: Asia Pacific
9.4 Crude Oil Flow Improvers Market: Middle East
9.5 Crude Oil Flow Improvers Market: Rest of World
10 Company Profiles
(Overview, Financials, Products & Services, Strategy, and Developments)*
10.1 Halliburton
10.2 Baker Hughes
10.3 Nalco Champion
10.4 BASF SE
10.5 Schlumberger
10.6 Clariant
10.7 Dorf Ketal
10.8 Lubrizol
10.9 Infineum
*Details on Overview, Financials, Product & Services, Strategy, and Developments Might Not Be Captured in Case of Unlisted Companies.
List of Table (32 Tables)
Table 1 Attractiveness Analysis
Table 2 Crude Oil Flow Improvers Market, Usage Break Up
Table 3 Usage Intensity of Paraffin Inhibitors Chemistry
Table 4 Treat Rates
Table 5 Regional Level Analysis: Paraffin Inhibitors Market (USD Million)
Table 6 Regional Level Analysis: Paraffin Inhibitors Market (KMT)
Table 7 Regional Level Analysis: Asphaltene Inhibitor Market (USD Million)
Table 8 Regional Level Analysis: Asphaltene Inhibitors Market (KMT)
Table 9 Regional Level Analysis: Scale Inhibitor Market (USD Million)
Table 10 Regional Level Analysis: Scale Inhibitors Market (KMT)
Table 11 Regional Level Analysis: Drag Reducing Agent Market (USD Million)
Table 12 Regional Level Analysis: Drag Reducing Agent Market (KMT)
Table 13 Regional Level Analysis: Hydrate Inhibitor Market (USD Million)
Table 14 Regional Level Analysis: Hydrate Inhibitor Market (KMT)
Table 15 Crude Oil Flow Improvers Market, By Application (USD Million)
Table 16 Crude Oil Flow Improvers Market, By Application (KMT)
Table 17 Crude Oil Flow Improvers for Extraction Market, By Region (USD Million)
Table 18 Crude Oil Flow Improvers for Extraction Market, By Region (KMT)
Table 19 Crude Oil Flow Improvers for Pipeline Market, By Region (USD Million)
Table 20 Crude Oil Flow Improvers for Pipeline Market, By Region (KMT)
Table 21 Crude Oil Flow Improvers for Refinery Market, By Region (USD Million)
Table 22 Crude Oil Flow Improvers for Refinery Market, By Region (KMT)
Table 23 Crude Oil Flow Improvers Market By Supply Side, 2015
Table 24 Halliburton
Table 25 Baker Hughes
Table 26 Nalco Champion
Table 27 BASF SE
Table 28 Schlumberger
Table 29 Clariant
Table 30 Dorf Ketal
Table 31 Lubrizol Specialty Product
Table 32 Infineum
List of Figure (58 Figures)
Figure 1 Crude Oil Flow Improvers Market Segmentation
Figure 2 Crude Oil Flow Improvers Market Segmentation, By Region & By Countries
Figure 3 Years Considered for Study
Figure 4 Years Considered for Study
Figure 5 Crude Oil Flow Improvers Market
Figure 6 Breakdown of Primaries
Figure 7 Market Size Estimation: Bottom Up Approach
Figure 8 Market Size Estimation: Top Down Approach
Figure 9 Crude Oil Flow Improvers Market: Current and Forecast By Volume
Figure 10 Crude Oil Flow Improvers Market: Current and Forecast By Value
Figure 11 Market Potential
Figure 12 Crude Oil Flow Improvers : Market Opportunity
Figure 13 Crude Oil Flow Improvers : Market Growth By Type
Figure 14 Crude Oil Flow Improvers : Market Growth By Region
Figure 15 Crude Oil Flow Improvers : Market Attractiveness By Region
Figure 16 Crude Oil Flow Improvers : Global Overview (2015-2016)
Figure 17 Crude Oil Flow Improvers : Global Overview (2015-2016), By Application
Figure 18 Crude Oil Flow Improvers : Global Overview (2015-2016), By Type
Figure 19 Crude Oil Flow Improvers Market Forecast (2015-2021) By Region
Figure 20 Crude Oil Flow Improvers Market Forecast (2015-2021) By Application
Figure 21 Crude Oil Flow Improvers Market Forecast (2015-2021) By Type
Figure 22 Market Dynamics
Figure 23 Supply Chain and Market Ecosystem
Figure 24 Paraffin Inhibitors Market Share By Region,2015
Figure 25 Asphaltene Inhibitors Market Share By Region,2015
Figure 26 Scale Inhibitors Market Share By Region,2015
Figure 27 Drag Reducing Agent Market Share By Region,2015
Figure 28 Hydrate Inhibitor Market Share By Region,2015
Figure 29 Crude Oil Flow Improvers Market Share By Application, 2015
Figure 30 Extraction Market Share, By Region, 2015
Figure 31 Pipeline Market Share, By Region, 2015
Figure 32 Refinery Market Share, By Region, 2015
Figure 33 Crude Oil Flow Improvers Market Share By Supply Side, 2015
Figure 34 Crude Oil Flow Improver Market: North America
Figure 35 Crude Oil Flow Improver Market: North America, By Country
Figure 36 Crude Oil Flow Improver Market: North America, By Application
Figure 37 Crude Oil Flow Improver Market: North America, By Product Type
Figure 38 Crude Oil Flow Improver Market: North America, (2015-2021)
Figure 39 Crude Oil Flow Improver Market: Europe
Figure 40 Crude Oil Flow Improver Market: Europe, By Country
Figure 41 Crude Oil Flow Improver Market: Europe, By Application
Figure 42 Crude Oil Flow Improver Market: Europe, By Product Type
Figure 43 Crude Oil Flow Improver Market: Europe, (2015-2021)
Figure 44 Crude Oil Flow Improver Market: Asia Pacific
Figure 45 Crude Oil Flow Improver Market: Asia Pacific, By Country
Figure 46 Crude Oil Flow Improver Market: Asia Pacific, By Application
Figure 47 Crude Oil Flow Improver Market: Asia Pacific, By Product Type
Figure 48 Crude Oil Flow Improver Market: Asia Pacific, (2015-2021)
Figure 49 Crude Oil Flow Improver Market: Middle East
Figure 50 Crude Oil Flow Improver Market: Middle East, By Country
Figure 51 Crude Oil Flow Improver Market: Middle East, By Application
Figure 52 Crude Oil Flow Improver Market: Middle East, By Product Type
Figure 53 Crude Oil Flow Improver Market: Middle East, (2015-2021)
Figure 54 Crude Oil Flow Improver Market: Rest of World
Figure 55 Crude Oil Flow Improver Market: Rest of World, By Country
Figure 56 Crude Oil Flow Improver Market: Rest of World, By Application
Figure 57 Crude Oil Flow Improver Market: Rest of World, By Product Type
Figure 58 Crude Oil Flow Improver Market: Rest of World, (2015-2021)
Growth opportunities and latent adjacency in Crude Oil Flow Improvers (COFI) Market