Abstract
Summary
The global Viscosity Reducing Agents Market accrued earnings worth approximately 10.1 (USD Billion) in 2020 and is predicted to gain revenue of about 19.2 (USD Billion) by 2028, is set to record a CAGR of nearly 5.1% over the period from 2021 to 2028. The report offers assessment and analysis of the Viscosity Reducing Agents Market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2018 to 2020 along with a forecast from 2021 to 2028 based on revenue (USD Billion). Viscosity Reducing Agents Market: Outlook
Viscosity reducing agents are also referred as drag reducing agents. Moreover, these products are additives in pipes that help in reducing turbulence in pipelines consequently, thereby increasing fluid flow. These products act as pipeline booster and are made up of polymers having high molecular weights. The product interferes with bursting process and minimizes core turbulence. Viscosity reducing agents performs buffering function for increasing flow in pipeline.
Viscosity Reducing Agents Market: Growth Factors
Expansion of viscosity reducing agents market over forecast timespan is owing to massive product demand in oil gas industry. In addition to this, rising urbanization along with demand for petroleum-based items will steer growth of viscosity reducing agents industry. Apart from this, these products are extensively utilized in oil pipelines for enhancing flow capacity as well as enhancing productivity. Furthermore, viscosity reducing agents are utilized extensively for reducing viscosity in process where excessive viscosity can cause either monetary loss or product loss. This will help viscosity reducing agents market hit new growth horizons in near future.
Moreover, product improves productivity load recovery, reduces friction minimizing damage to polymers, and alleviates fluid viscosity. Large-scale use of product in food beverages as emulsifier, instantizing agent, release agent, dispersant, and stabilizer will prop up business growth. Apart from this, viscosity reducing agents are non-polluting and non-toxic and hence find extensive application in chemical process sectors as well as research studies on animals. Additionally, it helps in augmentation of energy conservation and hence is used widely in various sectors.
Report Scope:
Viscosity Reducing Agents Market: Regional Landscape
Asia Pacific Market To Register Massive Lump Of Growth By 2028
Growth of viscosity reducing agents industry in Asia Pacific Market over forecast timespan is subject to rise in demand for product in crude oil firms in countries such as China and India. Moreover, there is massive penetration of product in paints coatings for enhancing stability as well as reducing energy usage in paints coatings manufacturing firms in Asia Pacific zone.
Viscosity Reducing Agents Market: Competitive Insights
Key players influencing market growth and profiled in report are Baker Hughes Company,Alberta Treating Chemicals LTD., CHINAFLOC, NuGenTecx, LiquidPower Specialty Products Inc., Innospec, Ecolab, BYK-CHEMIE GMBH, BASF SE, and ARKEMA Group. The global Viscosity Reducing Agents Market is segmented as follows:
By Product Type
Polymers
Additives
Dispersants
Surfactants
By Application
Rubber
Paints Coatings
Cement Construction
Oil Gas
By Region
North America
The U.S.
Canada
Europe
France
The UK
Spain
Germany
Italy
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Southeast Asia
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East Africa
GCC
South Africa
Rest of Middle East Africa
Table of Contents
1 Preface
1.1 Report Description and Scope
1.2 Research scope
1.3 Research methodology
1.3.1 Market Research Type
1.3.2 Market research methodology
2 Executive Summary
2.1 Global Viscosity Reducing Agents Market, (2022 - 2028) (USD Billion)
2.2 Global Viscosity Reducing Agents Market : snapshot
3 Global Viscosity Reducing Agents Market - Industry Analysis
3.1 Viscosity Reducing Agents Market: Market Dynamics
3.2 Market Drivers
3.3 Market Restraints
3.4 Market Opportunities
3.5 Market Challenges
3.6 Porter’s Five Forces Analysis
3.7 Market Attractiveness Analysis
3.7.1 Market attractiveness analysis By Product Type
3.7.2 Market attractiveness analysis By Application
4 Global Viscosity Reducing Agents Market- Competitive Landscape
4.1 Company market share analysis
4.1.1 Global Viscosity Reducing Agents Market: company market share, 2021
4.2 Strategic development
4.2.1 Acquisitions & mergers
4.2.2 New Product launches
4.2.3 Agreements, partnerships, cullaborations, and joint ventures
4.2.4 Research and development and Regional expansion
4.3 Price trend analysis
5 Global Viscosity Reducing Agents Market - Product Type Analysis
5.1 Global Viscosity Reducing Agents Market overview: By Product Type
5.1.1 Global Viscosity Reducing Agents Market share, By Product Type, 2021 and 2028
5.2 Polymers
5.2.1 Global Viscosity Reducing Agents Market by Polymers, 2022 - 2028 (USD Billion)
5.3 Additives
5.3.1 Global Viscosity Reducing Agents Market by Additives, 2022 - 2028 (USD Billion)
5.4 Dispersants
5.4.1 Global Viscosity Reducing Agents Market by Dispersants, 2022 - 2028 (USD Billion)
5.5 Surfactants
5.5.1 Global Viscosity Reducing Agents Market by Surfactants, 2022 - 2028 (USD Billion)
6 Global Viscosity Reducing Agents Market - Application Analysis
6.1 Global Viscosity Reducing Agents Market overview: By Application
6.1.1 Global Viscosity Reducing Agents Market share, By Application, 2021 and 2028
6.2 Rubber
6.2.1 Global Viscosity Reducing Agents Market by Rubber, 2022 - 2028 (USD Billion)
6.3 Paints & Coatings
6.3.1 Global Viscosity Reducing Agents Market by Paints & Coatings, 2022 - 2028 (USD Billion)
6.4 Cement & Construction
6.4.1 Global Viscosity Reducing Agents Market by Cement & Construction, 2022 - 2028 (USD Billion)
6.5 Oil & Gas
6.5.1 Global Viscosity Reducing Agents Market by Oil & Gas, 2022 - 2028 (USD Billion)
7 Viscosity Reducing Agents Market - Regional Analysis
7.1 Global Viscosity Reducing Agents Market Regional Overview
7.2 Global Viscosity Reducing Agents Market Share, by Region, 2021 & 2028 (USD Billion)
7.3 North America
7.3.1 North America Viscosity Reducing Agents Market, 2022 - 2028 (USD Billion)
- 7.3.1.1 North America Viscosity Reducing Agents Market, by Country, 2022 - 2028 (USD Billion)
7.4 North America Viscosity Reducing Agents Market, by Product Type, 2022 - 2028
7.4.1 North America Viscosity Reducing Agents Market, by Product Type, 2022 - 2028 (USD Billion)
7.4.2 Europe Viscosity Reducing Agents Market, 2022 - 2028 (USD Billion)
- 7.4.2.1 Europe Viscosity Reducing Agents Market, by Country, 2022 - 2028 (USD Billion)
7.5 North America Viscosity Reducing Agents Market, by Application, 2022 - 2028
7.5.1 North America Viscosity Reducing Agents Market, by Application, 2022 - 2028 (USD Billion)
7.5.3 Asia Pacific Viscosity Reducing Agents Market, 2022 - 2028 (USD Billion)
- 7.5.3.1 Asia Pacific Viscosity Reducing Agents Market, by Country, 2022 - 2028 (USD Billion)
7.6 Latin America
7.6.4 Latin America Viscosity Reducing Agents Market, 2022 - 2028 (USD Billion)
- 7.6.4.1 Latin America Viscosity Reducing Agents Market, by Country, 2022 - 2028 (USD Billion)
7.7 The Middle-East and Africa
7.7.5 The Middle-East and Africa Viscosity Reducing Agents Market, 2022 - 2028 (USD Billion)
- 7.7.5.1 The Middle-East and Africa Viscosity Reducing Agents Market, by Country, 2022 - 2028 (USD Billion)
8 Company Profiles
8.1 Baker Hughes Company
8.1.1 Overview
8.1.2 Financials
8.1.3 Product Portfolio
8.1.4 Business Strategy
8.1.5 Recent Developments
8.2 Alberta Treating Chemicals LTD
8.2.1 Overview
8.2.2 Financials
8.2.3 Product Portfolio
8.2.4 Business Strategy
8.2.5 Recent Developments
8.3 CHINAFLOC
8.3.1 Overview
8.3.2 Financials
8.3.3 Product Portfolio
8.3.4 Business Strategy
8.3.5 Recent Developments
8.4 NuGenTecx
8.4.1 Overview
8.4.2 Financials
8.4.3 Product Portfolio
8.4.4 Business Strategy
8.4.5 Recent Developments
8.5 LiquidPower Specialty Products Inc
8.5.1 Overview
8.5.2 Financials
8.5.3 Product Portfolio
8.5.4 Business Strategy
8.5.5 Recent Developments
8.6 Innospec
8.6.1 Overview
8.6.2 Financials
8.6.3 Product Portfolio
8.6.4 Business Strategy
8.6.5 Recent Developments
8.7 Ecolab
8.7.1 Overview
8.7.2 Financials
8.7.3 Product Portfolio
8.7.4 Business Strategy
8.7.5 Recent Developments
8.8 BYK-CHEMIE GMBH
8.8.1 Overview
8.8.2 Financials
8.8.3 Product Portfolio
8.8.4 Business Strategy
8.8.5 Recent Developments
8.9 BASF SE
8.9.1 Overview
8.9.2 Financials
8.9.3 Product Portfolio
8.9.4 Business Strategy
8.9.5 Recent Developments
8.10 ARKEMA Group
8.10.1 Overview
8.10.2 Financials
8.10.3 Product Portfolio
8.10.4 Business Strategy
8.10.5 Recent Developments