Global Friction Reducers Market By Application (Fracturing Fluids, Oil Additives and Others), End User (Oil and Gas, Automotive, Transportation, Aviation and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights of Friction Reducers Market
Data Bridge Market Research analyses that the friction reducers market will witness a CAGR of 7.24% for the forecast period of 2021-2028. Rising demand and application of friction reducer in hydraulic fracturing and increasing application of friction reducers by the various end user verticals such as oil and gas, automotive, transportation, aviation and others are the major factors attributable to the growth of the friction reducers market.
Friction reducers are nothing but chemical additives that are used by the many end user verticals. The role of friction reducers is to decrease the friction between the fluids. Friction reducers are added to the fluids to reduce pipe friction, allowing for higher injection rates in a stimulation treatment. This means that friction reducers have the ability to increase the injection rates in the stimulation treatment. Friction reducers are generally copolymers of acryl amides and latex polymers. Friction reducers are environmental friendly in nature. Furthermore, friction reducers extend the mechanical life of automobile engines by reducing the amount of wear and tear.
Increasing demand for synthetic anionic polymer is the root cause fuelling up the friction reducers market growth rate. Growth and expansion of automobile industry and other end user verticals is another factor responsible for propelling growth in the friction reducers market value. Rising demand to reduce fresh water wastage will further accelerate the friction reducers market growth rate. Upsurge in the hydraulic fracturing of the shale and gas reserves will further create lucrative growth opportunities for the friction reducers market. Rising industrialization coupled with supportive government policies will also directly and positively impact the demand for friction reducers globally.
However, high costs associated with friction reducers coupled with fluctuations in the prices of raw materials will pose a major challenge to the growth of the friction reducers market. Inefficiency of synthetic and ionic polymers in highly ionic systems will further restrict the scope of growth for the friction reducers market. Substitutes available in the market will further derail the friction reducers market growth rate.
This friction reducers market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on friction reducers market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Friction Reducers Market Scope and Market Size
The friction reducers market is segmented on the basis of application and end user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of application, the friction reducers market is segmented into fracturing fluids, oil additives and others.
- On the basis of end user, the friction reducers market is segmented into oil and gas, automotive, transportation, aviation and others.
Global Friction Reducers Market Country Level Analysis
The friction reducers market is analysed and market size, volume information is provided by country, application and end user as referenced above.
The countries covered in the friction reducers market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the friction reducers market and is expected to undergo substantial gains during the forecast period. This is because of the rising advancements in horizontal drilling coupled with availability of abundant water for the purpose of hydraulic fracking. However, Asia-Pacific region will project the highest compound annual growth rate (CAGR) for the forecast period. This is because of the rising application of friction reducers by the various end user verticals. Supportive governmental policies are one of the major factors fostering growth of the market in this region. Increased focus on environmental friendly friction reducers materials will further create lucrative market growth opportunities.
The country section of the friction reducers market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Friction Reducers Market Share Analysis
The friction reducers market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to friction reducers market.
The major players covered in the friction reducers market report are BASF SE, CONDAT, FTS International., Shrieve., Baker Hughes, General Electric Company, SNF, Di-Corp, Rocanda., Kemira, Rockwater Energy Solutions, Innospec, Halliburton Company, TETRA Technologies, Inc., Aisling Chem., Solvay, Rishabh Metals and Chemical Private Limited, TRICAN, ChemEOR, Inc., Omni Industrial Solutions, LLC, WST Energy and CENTURION TECHNOLOGIES among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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