Viscosity Reducing Agents Market - Global Industry Analysis

Viscosity Reducing Agents Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020-2026

Category: Medical Device Report Format : PDF Report Code: ZMR-6776 Status : Upcoming

Description

Global Viscosity Reducing Agents Market: Overview

Viscosity is nothing but the resistance provided during the flow of fluids owing to the presence of internal friction among the particles. Viscosity reducing agents are generally used to eliminate or limit the viscosity in the process where excess viscosity may lead to loss of product. Reduced viscosity leads to lower friction thereby easing the liquid flow. This reduces the requirement of power. Also, addition of viscosity reducing agents does not harmfully affect the effectiveness as well as physical & chemical properties of viscous fluids.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Global Viscosity Reducing Agents Market: Growth Factors

The global viscosity reducing agents market is growing at healthy rate. Major factor leading to the growth of the market include growing use of viscosity reducing agents in refining, transporting, and exploiting processes involved in crude oil production. In oil &gas industry, viscosity reducing agents are commonly referred to as drag reducing agents. During crude oil processing and transportation, they decrease the turbulence in the pipeline and enhance the flow by minimizing the frictional energy losses. Thus, these agents play a crucial role in crude oil production and also act as a pipeline booster or a flow improver. In addition to this, viscosity reducing agents are also used as dispersant, lubricant, instantizing agent, stabilizer, and emulsifier across several industries. This in turn is propelling the growth of the global viscosity reducing agents market. Moreover, increase in construction projects and expanding use of paints & coatings owing to rapid urbanization are some of the key aspects that are spurring the viscosity reducing agents market. Further, increase in use of viscosity reducing agents owing to its numerous benefits and increase in industrialization in developing countries is adding up to the growth of the market. Furthermore, increase in shift towards the use of eco-friendly chemicals by most of the industrial sectors may have lucrative opportunities for the growth of the global viscosity reducing agents market during the forecast period. However, strict environmental regulations may hinder the growth of the global market.

The outbreak of Covid-19 has limited the demand for viscosity reducing agents thereby hampering the market growth. Complete lockdown and strict regulations enforced by the government as well as temporary shutdown of most of the business sectors affected the supply-demand of these agents. Halt on new construction projects and restrictions on personnel force held a negative impact on the market growth. Restriction on crude-oil processing and transportation also affected the growth of the global market. However, amid the covid-19 pandemic, the market is expected to grow at a healthy rate during the forecast period.

Global Viscosity Reducing Agents Market: Segmentation

The global viscosity reducing agents market is divided based on product type, end-use industries, and region. Based on the product type, the global market is split into polymers, additives, dispersants, surfactants, and others. Rubber, paints & coatings, cement & construction, oil & gas, and others are the end-use industries of viscosity reducing agents market. Among the end-use industries, oil & gas industry is anticipated to hold maximum share in the global market.

Global Viscosity Reducing Agents Market: Regional Analysis

Region-wise, Asia Pacific is estimated to hold the largest share in the global viscosity reducing agents market and is likely to hold dominance over the forecast period. This is majorly attributed to an increase in the demand for viscosity reducing agents from countries like India and China. Increase in consumption of petroleum products & crude oil, rapidly expanding paints & coatings industry coupled with increase in construction activities and urbanization are some of the additional factors that are fostering the growth of the market in this region. China is the major consumer of crude oil and there is also an increase in refinery capacity which is adding up to the demand for viscosity reducing agents in Asia Pacific region. North America and Europe are also anticipated to grow at a healthy rate during the forecast period. On the other hand, Middle East & Africa is also predicted to show a steady growth rate owing to rise in demand from oil industry.

Global Viscosity Reducing Agents Market: Competitive Players

With the rise in demand for viscosity reducing agents, major players are adopting strategies of mergers & acquisitions and collaborations for expansion of business and meet the demand of end-use industries. The viscosity reducing agents market is highly competitive owing to increase in investments by major players and presence of domestic players. Some of the prominent players that are operating in the global viscosity reducing agents market are Alberta Treating Chemicals LTD., NuGenTecx, LiquidPower Specialty Products Inc., Innospec, Ecolab, CHINAFLOC, BYK-CHEMIE GMBH, BASF SE, Baker Hughes Company, and ARKEMA Group.

Global Viscosity Reducing Agents Market: Regional Segment Analysis

  • 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

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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FrequentlyAsked Questions

The global viscosity reducing agents market is growing at healthy rate. Major factor leading to the growth of the market include growing use of viscosity reducing agents in refining, transporting, and exploiting processes involved in crude oil production.  Furthermore, increase in shift towards the use of eco-friendly chemicals by most of the industrial sectors may have lucrative opportunities for the growth of the global viscosity reducing agents market during the forecast period.

The viscosity reducing agents market is highly competitive owing to increase in investments by major players and presence of domestic players. Some of the prominent players that are operating in the global viscosity reducing agents market are Alberta Treating Chemicals LTD., NuGenTecx, LiquidPower Specialty Products Inc., Innospec, Ecolab, CHINAFLOC, BYK-CHEMIE GMBH, BASF SE, Baker Hughes Company, and ARKEMA Group.

 

Region-wise, Asia Pacific is estimated to hold the largest share in the global viscosity reducing agents market and is likely to hold dominance over the forecast period. This is majorly attributed owing to an increase in the demand for viscosity reducing agents from countries like India and China. Increase in consumption of petroleum products & crude oil, rapidly expanding paints & coatings industry coupled with increase in construction activities and urbanization are some of the additional factors that are fostering the growth of the market in this region.

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