Global Crude Oil Flow Improvers (COFI) Market Size Study & Forecast, by Product, Application, and Regional Forecasts 2025-2035

The Global Crude Oil Flow Improvers (COFI) Market is valued at approximately USD 1.91 billion in 2024 and is projected to grow at a compound annual growth rate (CAGR) of over 6.30% during the forecast period from 2025 to 2035. Crude Oil Flow Improvers, often referred to as drag-reducing agents, play an instrumental role in enhancing the flow characteristics of crude oil through pipelines by mitigating the impacts of viscosity, wax formation, or hydrate blockages. As the energy sector intensifies its focus on efficient transportation of crude oil—especially over long distances and under sub-zero conditions—the adoption of COFI has witnessed a significant upsurge. The rising global demand for energy, compounded with aging pipeline infrastructure and the need for optimized crude oil logistics, has acted as a catalyst, propelling market growth.

Fueling this growth is a broader emphasis on the recovery and refining of heavy crude oil, which poses numerous flow assurance challenges due to its complex composition. The growing deployment of COFIs such as paraffin, asphaltene, and hydrate inhibitors ensures uninterrupted flow, minimizes downtime, and enhances throughput, directly improving operational economics. As per industry findings, the production and consumption of heavy crude are increasing, especially in oil-rich regions like Canada and Venezuela, necessitating advanced flow-enhancing solutions. Furthermore, technological advancements in flow chemistry, coupled with the integration of nanotechnology and biodegradable COFIs, are opening up promising opportunities for both established and emerging market participants.

Geographically, North America currently holds the lion’s share of the global COFI market, a position it owes largely to its extensive pipeline network, fracking-driven oil boom, and robust technological innovations. The U.S. and Canada, in particular, have invested heavily in unconventional oil extraction, such as oil sands and shale oil, requiring specialized flow improvers to maintain efficiency across complex transportation environments. Meanwhile, the Asia Pacific region is expected to register the fastest growth during the forecast window, bolstered by rising industrial energy consumption, surging oil imports, and strategic investments in petroleum infrastructure across India, China, and Southeast Asia. Europe, with its increasingly stringent regulatory landscape, is leaning towards eco-friendly, non-toxic COFI formulations, further diversifying the competitive dynamics in the region.

Major market player included in this report are:
• Schlumberger Limited
• BASF SE
• Baker Hughes Company
• Halliburton Company
• Chevron Phillips Chemical Company
• Croda International Plc.
• M&D Industries Of Louisiana, Inc.
• Trican Well Service Ltd.
• Impact Fluid Solutions
• Aubin Group
• Clariant AG
• LiquidPower Specialty Products Inc.
• Innospec Inc.
• Flowchem LLC
• The Lubrizol Corporation

Global Crude Oil Flow Improvers (COFI) Market Report Scope:
• Historical Data – 2023, 2024
• Base Year for Estimation – 2024
• Forecast period – 2025-2035
• Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
• Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within the countries involved in the study. The report also provides detailed information about crucial aspects, such as driving factors and challenges, which will define the future growth of the market. Additionally, it incorporates potential opportunities in micro-markets for stakeholders to invest, along with a detailed analysis of the competitive landscape and product offerings of key players.

The detailed segments and sub-segments of the market are explained below:

By Product:
• Paraffin Inhibitors
• Asphaltene Inhibitors
• Scale Inhibitors
• Hydrate Inhibitors

By Application:
• Onshore
• Offshore

By Region:

North America
• U.S.
• Canada

Europe
• UK
• Germany
• France
• Spain
• Italy
• Rest of Europe

Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• Rest of Asia Pacific

Latin America
• Brazil
• Mexico

Middle East & Africa
• UAE
• Saudi Arabia
• South Africa
• Rest of Middle East & Africa

Key Takeaways:
• Market Estimates & Forecast for 10 years from 2025 to 2035.
• Annualized revenues and regional level analysis for each market segment.
• Detailed analysis of geographical landscape with Country level analysis of major regions.
• Competitive landscape with information on major players in the market.
• Analysis of key business strategies and recommendations on future market approach.
• Analysis of competitive structure of the market.
• Demand side and supply side analysis of the market.

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