The Global Crude Oil Flow Improvers Market Continues To Grow Owing To the High Developments in the Oil and Petroleum Sector Worldwide
Crude Oil Flow Improvers are a type of process involving the use of drag-reducing agents. They are used to improve the flow of oil and gas. Their efficiency helps improve efficiency in oil and gas fields and reduce energy and capital costs. These are particularly helpful for oil and gas refineries. As crude oil is extracted from remote locations, the process of transporting it to refineries requires a smooth flow. Flow improvers can help maintain the consistency and temperature of the oil. These additives act as drag-reducing agents and are injected into the pipelines. Major players operating in the global crude oil flow improvers market include Dorf Ketal, Baker Hughes, Innospec, Dow, and BASF SE. The increasing prevalence of oil refineries in the world is expected to augment the growth of the global crude oil flow improvers market. For instance, according to the International Association of Oil & Gas Producers, in 2021, there were around 90 oil refining facilities in the world.