Viscosity Reducing Agents Market Size, Share, Growth Report 2032

Global Viscosity Reducing Agents Market Size

The global Viscosity Reducing Agents Market size 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 an 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).

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Viscosity Reducing Agents Market: Outlook

Viscosity-reducing agents are also referred to 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 boosters and are made up of polymers having high molecular weights. The product interferes with the bursting process and minimizes core turbulence. Viscosity-reducing agents perform buffering functions for increasing flow in the pipeline.

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Viscosity Reducing Agents Market: Growth Factors

The expansion of viscosity reducing agents market over the forecast timespan is owing to massive product demand in the oil & gas industry. In addition to this, rising urbanization along with demand for petroleum-based items will steer the growth of the viscosity-reducing agent's 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 processes where excessive viscosity can cause either monetary loss or product loss. This will help the viscosity-reducing agents market hit new growth horizons in near future.

Moreover, the product improves productivity & load recovery, reduces friction minimizes damage to polymers, and alleviates fluid viscosity. Large-scale use of products in food & beverages as emulsifiers, instantizing agent, release agent, dispersant, and stabilizers 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 the augmentation of energy conservation and hence is used widely in various sectors.

Viscosity Reducing Agents Market 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
• 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