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Global Crude Oil Flow Improvers (COFI) Market: USD 1.71 Billion in 2024 → USD 2.83 Billion by 2032 (CAGR 7.6%)
Global Crude Oil Flow Improvers (COFI) Market is set for strong expansion, advancing from USD 1.71 billion in 2024 to USD 2.83 billion by 2032 at a CAGR of 7.6%. Growth is fueled by rising global crude oil production, increasing pipeline infrastructure, and the growing need for efficient flow assurance across upstream, midstream, and downstream operations. COFI—including paraffin inhibitors, asphaltene inhibitors, scale inhibitors, drag reducers, and hydrate inhibitors—play a vital role in preventing deposition, enhancing flow rates, reducing operational downtime, and lowering maintenance costs. As oilfields age, deepwater exploration expands, and sustainability-driven formulations gain traction, the demand for advanced flow improvers continues to accelerate across all major regions.
Global Crude Oil Flow Improvers (COFI) Market: USD 1.71 Billion in 2024 → USD 2.83 Billion by 2032 (CAGR 7.6%) Global Crude Oil Flow Improvers (COFI) Market is set for strong expansion, advancing from USD 1.71 billion in 2024 to USD 2.83 billion by 2032 at a CAGR of 7.6%. Growth is fueled by rising global crude oil production, increasing pipeline infrastructure, and the growing need for efficient flow assurance across upstream, midstream, and downstream operations. COFI—including paraffin inhibitors, asphaltene inhibitors, scale inhibitors, drag reducers, and hydrate inhibitors—play a vital role in preventing deposition, enhancing flow rates, reducing operational downtime, and lowering maintenance costs. As oilfields age, deepwater exploration expands, and sustainability-driven formulations gain traction, the demand for advanced flow improvers continues to accelerate across all major regions.
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