"Rising demand for COFI from the developing markets of the Middle East & Africa is one of the major drivers of the this market"
With the removal of sanctions on Iran, various International Oil Companies (IOCs) are willing to invest in the country which is offering around 50 oil & gas projects and 18 energy & power blocks worth USD 185 million by 2020. The political situations in countries such as Nigeria and Libya are expected to smoothen in the coming years that will result in ramping up crude oil production from these nations. This is expected to drive the demand for COFI products from these countries.
Extensive primary interviews were conducted for determining and verifying the market size for several segments and subsegments gathered through secondary research.
The breakdown of primary interviews is given below.
- By Company Type - Tier 1 - 20%, Tier 2 – 32%, and Others - 48%
- By Designation - C level - 18%, Director level - 27%, and Others - 55%
- By Region - North America - 35%, Europe - 30%, Asia-Pacific - 20%, the Middle East & Africa - 10%, and South America - 5%
The key companies profiled in this market research report are The Halliburton Company (U.S.), Baker Hughes (U.S.), Nalco Champion (U.S.), BASF SE (Germany), Schlumberger (U.S.), Clariant (Switzerland), Dorf Ketal (India), Lubrizol Specialty Products, Inc. (U.S.), and Infineum (U.K.).
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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/crude-oil-flow-improvers-market-by-type-application-supply-mode---global-forecast-to-2021-300335262.html