Crude Oil Flow Improvers Market Updates

Global Crude Oil Flow Improvers Market size was valued at USD 1.79 Billion in 2023 and is poised to grow from USD 1.89 Billion in 2024 to USD 2.9 Billion by 2032, growing at a CAGR of 5.5% during the forecast period (2025-2032).

Crude oil flow improver companies should invest in the development of bio-based products to comply with sustainability trend. Targeting oil & gas companies opting for unconventional oil extraction and production methods can also help market players enhance their business scope in the long run. North America, the Middle East and Africa, and the Asia Pacific are the most opportune regions for suppliers of crude oil flow improvers as per this global crude oil flow improvers market forecast. 'Halliburton Energy Services, Inc. (U.S.)', 'BASF SE (Germany)', 'SLB (U.S.)', 'CLARIANT (Switzerland)', 'Dorf Ketal Chemicals (I) Pvt. Ltd. (U.S.)', 'The Lubrizol Corporation (U.S.)', 'Infineum International Limited (U.K.)', 'WRT BV (Netherlands)', 'PRODUCTION CHEMICAL GROUP (U.K.)', 'Berkshire Hathaway Inc. (U.S.)', 'Thermax Limited. (India)', 'Ecolab (U.S.), Evonik Industries AG (Germany)', 'NOV Inc (U.S.)', 'Dow (U.S.)', 'Innospec (U.S.)', 'Sterling Auxiliaries Private Limited (India)', 'Tricon Piping, Inc. (U.S.)', 'Chevron Corporation. (U.S.)', 'The Chemours Company, Chemours (U.S.)'

Increasing demand for energy around the world owing to rapid urbanization and industrialization has resulted in significant investments in oil & gas exploration activities. Efforts to improve oil production from offshore and unconventional reserves such as shale oil are estimated to bolster the global crude oil flow improvers market outlook in the long run.

Development of Bio-Based Flow Improvers: Crude oil flow improver providers should invest in the development of bio-based flow improvers to enhance sustainability of the oil & gas industry. Bans on use of toxic chemicals and imposition of stringent regulations to promote sustainability in oil & gas operations are slated to make this an indispensable crude oil flow improvers market trend in the long run.

North America is expected to emerge as the dominant market in the global crude oil flow improvers industry over the coming years. The presence of leading oil & gas companies, growing investments in novel oil & gas exploration activities, and surging demand for crude oil are key factors promoting sales of crude oil flow improvers in this region. Rising adoption of hydraulic fracturing and horizontal drilling for crude oil extraction and production is also estimated to favor the demand for crude oil flow improvers in North America. Canada and the United States are estimated to remain highly attractive markets for crude oil flow improvers companies looking to make a mark in the North American region through 2032.