About Crude Oil Flow Improvers (COFI)
Crude Oil Flow Improver (COFI) are chemical additives which are used in Oil & gas industry. These are mixed with the Crude Oil to improve their properties and make easy to flow through the pipelines. These additives are essential for efficient and economical transportation of crude oil from reservoirs to refineries. They are complex mixtures of hydrocarbons with polar asphaltenes and non-polar n-paraffins because fresh crude oil is kept at a high temperature. The Crude Oil Flow Improver can be grown in the future by rising Oil & gas Industry, technological advancement and Bio-based improvers is expected to fuel the market growth during the forecasted period.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The global market for Infant Formula Milk Powder is fragmented by the global key players owing to the rising demand for the wheat germ oil in cosmetic industry due to nutritional contain like vitamin E and in food supplements industry as functional and convenience foods. Analyst at AMA Research estimates that Global Players will contribute the maximum growth to Global Crude Oil Flow Improvers (COFI) market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Halliburton Energy Services, Inc. (United States), Chevron Corporation (United States), SLB (United States), CLARIANT (Switzerland), Dorf Ketal Chemicals (I) Pvt. Ltd. (United States), The Lubrizol Corporation (United States), Infineum International Limited (United Kingdom), WRT BV (Netherlands), PRODUCTION CHEMICAL GROUP (United Kingdom) and Berkshire Hathaway Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Thermax Limited. (India), Ecolab (United States), Evonik Industries AG (Germany), Sterling Auxiliaries Private Limited (India) and Tricon Piping, Inc. (United States).
Segmentation Overview
AMA Research has segmented the market of Global Crude Oil Flow Improvers (COFI) market by Type (Paraffin Inhibitors, Asphaltene Inhibitors, Scale and Corrosion Inhibitors, Drag Reducing Agent and Others), Application (Extraction, Pipeline & Transportation, Refinery and Others) and Region.
On the basis of geography, the market of Crude Oil Flow Improvers (COFI) has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
If we see Market by , the sub-segment i.e. will boost the Crude Oil Flow Improvers (COFI) market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.Influencing Trend:
Rising demand for heavy crude oil
Market Growth Drivers:
Growing demand for paraffin & asphaltene inhibitors and Increasing demand for petroleum-based products
Challenges:
Stringent environmental regulations
Restraints:
Fluctuations in oil prices
Opportunities:
Development of new and improved flow improvers and Exploration of new oil reserves
Market Leaders and their expansionary development strategies
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Key Target Audience
Market Research & Consultancy Firm, Potential Investors, Government & Regulatory Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.