18-Jan-2022 | Zion Market Research
According to study of Zion Market Research, Viscosity Reducing Agents industry accrued proceeds worth nearly US$ 10.1 billion in 2020 and is anticipated to garner returns of approximately US$ 19.2 billion by 2028. Moreover, Viscosity Reducing Agents market is prognosis to record CAGR of almost 5.1% in 2021-2028. Furthermore, growth of viscosity reducing agents market over forecast timespan is owing to its ability of improving fluid flows and minimizes turbulence in pipeline flow. In addition to this, it is used for minimizing oil viscosity and improves energy conservation in various sectors. Apart from this, product is utilized for enhancing operational lifespan of transport system of oil firms. This will enlarge growth opportunities of viscosity reducing agents market in upcoming years. Additionally, they help in reducing pipeline choking and bring efficiency in transportation processes & supply chain management activities. Surging industrialization will account significantly towards viscosity reducing agents industry size in years ahead.
Oil & Gas Industry To Dominate Application Landscape By 2028
Growth of application segment over forecast timespan can be ascribed to wide use of product in oil & gas industry for enhancing flow of liquids & viscous fluids through friction reduction. It is also used in free flow of crude oil items and hence is popular across oil & gas sector.
Asia Pacific Market To Expand Leaps & Bounds Over 2021-2028
Expansion of viscosity reducing agents industry in Asia Pacific zone over anticipated timespan is due to rise in production & demand of crude oil in emerging economies such as India and China. Furthermore, thriving paints & coatings sector in region will contribute to massive surge of viscosity reducing agents market in sub-continent over forecasting years.
Key players profiled in study and impacting revenue expansion of viscosity reducing agents market include Innospec, Liquid Power Specialty Products Inc., Baker Hughes Company, BASF SE, Alberta Treating Chemicals LTD., BYK-CHEMIE GMBH, CHINAFLOC, NuGenTecx, Ecolab, and ARKEMA Group.
Browse the full “Viscosity Reducing Agents Market- By Product Type (Polymers, Additives, Dispersants, And Surfactants) And By Application (Rubber, Cement & Construction, Oil & Gas, And Paints & Coatings): Global Industry Perspective, Comprehensive Analysis, And Forecast, 2021–2028.” Report at https://www.zionmarketresearch.com/report/viscosity-reducing-agents-market
This review is based on a report by Zion Market Research, titled,
The global Viscosity Reducing Agents Market is segmented as follows:
By Product Type
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