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

Sep 22, 2016, 10:30 ET from MarketsandMarkets

PUNE, India, September 22, 2016 /PRNewswire/ --

The report "Crude Oil Flow Improvers (COFI) Market by Type (Paraffin Inhibitors, Asphaltene Inhibitors, Scale Inhibitors, Drag Reducing Agents, and Hydrate Inhibitors), Application (Extraction, Pipeline, and Refinery), Supply Mode - Global Forecast to 2021", published by MarketsandMarkets, the market size of COFI is estimated to grow from USD 1.26 Billion in 2015 to USD 1.73 Billion by 2021, at a CAGR of 5.5%.

     (Logo: http://photos.prnewswire.com/prnh/20160303/792302 )

Browse 32 market data Tables and 58 Figures spread through 111 Pages and in-depth TOC on "Crude Oil Flow Improvers (COFI) Market"

http://www.marketsandmarkets.com/Market-Reports/crude-oil-flow-improvers-market-216122621.html
Early buyers will receive 10% customization on this report.

Rise in crude oil production globally and increase in the hydraulic fracturing mainly from unconventional sources is driving the market.

Paraffin inhibitor type accounted the highest demand in the 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 help 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.

Direct supply to end users is a preferred channel of distribution 

Major oil & gas companies prefer procuring COFI products directly from the suppliers by issuing tenders. Key manufacturers such as Halliburton/Baker Hughes (U.S.), Schlumberger (U.S.), that provide oilfield services such as drilling and production, consume bulk of these chemicals internally for their operations. Remote locations are catered through distributors.

Make an Inquiry @ http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=216122621

North America is the largest market for COFI 

North America is currently the largest market for COFI. Significant increase in production levels and extensive investments in unconventional drilling technologies, such as hydraulic fracturing and horizontal drilling, in the U.S. are driving the demand of COFI Market in this region.

The key players in the 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.), and Infineum (U.K.).

Browse Related Reports: 

Specialty Oilfield Chemicals Market by Type (Inhibitors & Scavengers, Demulsifiers, Gellants & Viscosifiers, Friction Reducers, Rheology Modifiers, Specialty Surfactants, Specialty Biocides, Pour-Point Depressants, and Others), Application, and by Region - Global Forecast to 2020
http://www.marketsandmarkets.com/Market-Reports/specialty-oilfield-chemicals-market-517.html

Oilfield Stimulation Chemicals Market by Types (Gelling Agents, Surfactants, Friction reducers, Corrosion and Scale Inhibitors, Acids), by Application(Hydraulic Fracturing, Matrix Acidization, Acid Fracking) & by region - Global Trends & Forecasts to 2020
http://www.marketsandmarkets.com/Market-Reports/oilfield-stimulation-chemicals-market-200204163.html

Know More About our Knowledge Store @ http://www.marketsandmarkets.com/Knowledgestore.asp

About MarketsandMarkets 

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
MarketsandMarkets
701 Pike Street,
Suite 2175, Seattle,
WA 98101, United States
Tel: +1-888-600-6441
Email: sales@marketsandmarkets.com


Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/chemical
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets

SOURCE MarketsandMarkets