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Crude Oil Flow Improvers Market: Overview

Crude oils are complex mixtures of hydrocarbons with nonpolar n-paraffins and polar asphaltenes. Fresh crude is relatively mobile since it is stored at very high pressure and temperature. When it has to be transported to longer distances, the ambient conditions are lower temperature and pressure. This causes the crude oil to form wax crystals on the pipeline walls from where it is being carried, produced, or stored. Crude oil flow improvers act as catalysts in reducing viscosity, depressing the pour point, and lowering the drag coefficient of crude oil. Crude oil flow improvers are also termed as drag-reducing agents (DRA).

Thus by using crude oil flow improvers or DRAs, increased flow can be achieved using the same pressure or decreased pressure and flow rate. Crude oil flow improvers consist of long-chain hydrocarbon polymers, which acts as flow turbulence inhibitors along the pipeline walls to decrease the amount of energy lost in turbulent activity. In some cases where the pipeline carrying crude oil or where it is stored is shut for a prolonged period of time, the cooled crude oil in it slowly develops a gel structure which results in high yield stress. Crude oil flow improvers also help restart pipeline (onshore /offshore crude oil transportation assets).

Crude Oil Flow Improvers: Market Dynamics and Trends

The fluctuating viscosity and drag coefficient of crude oil are two of the major factors to consider when maintaining the uniform flow of crude oil. Crude oil flow improvers help achieving/maintain these factors at a constant level wherein energy and capital expenditure is less, with a desired result of smooth-flow crude.

Crude oils with high proportion of sulfur (heavy/sour crude) have API gravity higher 20, meaning the turbulence level is low. Those with a low content of sulfur (light/sweet crude) have API gravities of less than 20, thus turbulence level is high. Crude oil flow improvers help maintain the flow by varying the API gravities of the crude oil. The additives in the crude oil flow improvers have the below properties:

  1. Long-chain hydrocarbon content;
  2. Similarity of the molecular weight of additives to the crude oil in order to assist in its dissolution and make it easily extractable during the refining process;
  3. Physical and chemical stability of the additives;
  4. In the case of copolymer additives, monomer-to-monomer ratio is to be considered.

Currently, most of the crude extracted from all crude oil baskets worldwide is heavy and sour. It is essential for the crude oil flow improver additive to possess above properties. The market is set to increase in the future because of heavy crude extraction in E&P activities.

Crude Oil Flow Improvers: Market Segmentation

Based on the API gravity of the crude, crude oil flow improvers are classified as:

  1. Viscosity reducers;
  2. Drag reducing agents (DRA);
  3. Pour point and pour point depressants.

Based on type of crude (heavy/light), crude oil flow improvers are segmented into:

  1. Triethanolamine (TEA);
  2. Polymer blend.

Crude Oil Flow Improvers Market: Region-wise outlook

In the crude oil flow improvers market by region, MEA and Asia Pacific are the market leaders as the maximum crude oil extraction comes from Saudi Arabia and Nigeria, followed by the U.S., Canada, Europe, and Latin America.

Crude Oil Flow Improvers: Key Players

The market leader in manufacturing crude oil flow improvers is LUBRIZOL (USA). Other players are BASF SE (Germany) and Infenium (the U.K.)

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Crude Oil Flow Improvers Market

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