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

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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 "
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The global size of crude oil flow improvers
(COFI) market is 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.
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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.
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Paraffin inhibitor type accounted the highest
demand in the Crude Oil Flow Improvers Market or
COFI 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.
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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
• RD institutions
• Environment support agencies
• Raw material suppliers

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The major players in the Crude Oil Flow Improvers
Market or COFI market are,

• 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.)

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