The Crude Oil Flow Improvers Market was valued at USD 1.83 billion in 2024 and is projected to reach USD 2.84 billion by 2032, with a CAGR of 5.65% from 2025 to 2032. This growth is driven by the demand for efficient transportation of crude oil, especially in harsh environments. Key players include Halliburton, Schlumberger Limited, and more.

In the U.S., the crude oil flow improvers market size was USD 576.01 million in 2024 and is expected to reach USD 880.94 million by 2032, with a CAGR of 5.45% over the forecast period. The industry will benefit from strong shale oil production and the need for efficient oil transportation, especially in long-haul pipelines.

Paraffin inhibitors dominated the market in 2024, accounting for about 48% of global revenue. Their role in preventing wax crystal formation in pipelines, especially in colder environments, is crucial. In the U.S., with formations like the Permian Basin producing challenging crude types, the demand for flow improvers is high to ensure smooth transportation.

The extraction segment led the market with a 44% revenue share in 2024, mainly due to their use in enhanced oil recovery methods. These additives help maintain fluid mobility and reduce viscosity in heavy oil reserves. North America had the highest demand for crude oil flow improvers in 2024, driven by its significant oil production and elaborate pipeline systems.

Recent developments in the industry include BASF SE introducing a bio-based flow improver for paraffin inhibition and drag reduction, as well as Schlumberger Limited launching a high-performance flow improver for deepwater operations. The market outlook includes a focus on sustainability and innovative solutions to meet the growing demand for efficient oil transportation.

Read more at GlobeNewswire: Crude Oil Flow Improvers Market to Reach USD 2.84 Billion