Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 162.77 Million | USD 272.81 Million | 5.3% | 2024 |
FrequentlyAsked Questions
Viscosity-reducing agents are also referred to as drag-reducing agents.
The global viscosity reducing agents market is expected to grow due to increasing demand for enhanced oil recovery techniques in the oil and gas industry, the need for efficient transportation of heavy crude oil through pipelines, and the growing use of these agents in various industrial applications such as paints.
According to a study, the global viscosity reducing agents market size was worth around USD 162.77 Million in 2024 and is expected to reach USD 272.81 Million by 2034.
The global viscosity reducing agents market is expected to grow at a CAGR of 5.3% during the forecast period.
North America is expected to dominate the viscosity reducing agents market over the forecast period.
Leading players in the global viscosity reducing agents market include Baker Hughes Company, Alberta Treating Chemicals LTD., CHINAFLOC, NuGenTecx, LiquidPower Specialty Products Inc., Innospec, Ecolab, BYK-CHEMIE GMBH, BASF SE, ARKEMA Group, among others.
The report explores crucial aspects of the viscosity reducing agents market, including a detailed discussion of existing growth factors and restraints, while also examining future growth opportunities and challenges that impact the market.
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