Crude Oil Flow Improvers (COFI) Market worth 1.73 Billion USD by 2021

1. Crude Oil Flow Improvers (COFI) Market worth 1.73 Billion USD by 2021 Browse 32 market data Tables 58 Figures 111 Pages and in-depth TOC on " Crude Oil Flow Improvers (COFI) Market "

2. The global size of crude oil flow improvers (COFI) marketis estimated to reach USD 1.73 Billion by 2021 from 1.32 Billion in 2016, at a CAGR of 5.5% between 2016 and 2021. 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 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. Get PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=216122621

3. 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. Crude Oil Flow Improvers (COFI) Market 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.

4. Paraffin inhibitor type accounted the highest demand in the Crude Oil Flow Improvers Market orCOFI market The paraffin inhibitor segment has been witnessing significant demand in recent years. Paraffin waxes are a major component representing up to 20%, by weight, of crude oil. Paraffin deposits are formed mainly in subsea and deep water applications that usually take place at subzero temperatures. This creates major problems in oil production and transportation. Paraffin inhibitors helps dampen the effects of paraffin (wax) deposits during crude oil extraction. Hence, this segment accounted for the largest market share, in terms of both volume and value, in 2015. Request Sample @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=216122621

5. Key Target Audience of Crude Oil Flow Improvers Market or COFI market • 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 Speak To Our Experts

6. The major players in the Crude Oil Flow Improvers Market or COFI marketare, • Halliburton (U.S.) • BASF SE (Germany) • Baker Hughes (U.S.) • Nalco Champion (U.S.) • Schlumberger (U.S.) • Clariant (Switzerland) • Dorf Ketal (India) • Lubrizol Specialty Products, Inc. (U.S.) • Infineum (U.K.) Enquiry Before Buying @ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=216122621

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