Global Viscosity Reducing Agents Market, By Product Type (Polymers, Surfactants, Dispersants, Additive, Others), End-Use Industries (Oil and Gas, Cement and Construction, Paints and Coatings, Rubber, Others) – Industry Trends and Forecast to 2029.
Viscosity Reducing Agents Market Analysis and Size
Viscosity reducing agents have attracted interest among market players which is committed to manufacture and deliver crude oil cost-effectively. In current years, the demand of viscosity reducing agents for extracting heavy and extra-heavy oil resources has increased in several developed and developing all over the globe. These agents play vital role in transporting, exploiting and refining processes in crude oil application and production during the forecast period.
Data Bridge Market Research analyses that the viscosity reducing agents market was valued at USD 150.1 million in 2021 and is expected to reach USD 225.17 million by 2029, registering a CAGR of 5.20% during the forecast period of 2022 to 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
.Viscosity Reducing Agents Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Product Type (Polymers, Surfactants, Dispersants, Additive, Others), End-Use Industries (Oil and Gas, Cement and Construction, Paints and Coatings, Rubber, Others)
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Countries Covered
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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, South Africa, Egypt, Israel, 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
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Market Players Covered
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The Lubrizol Corporation (U.S.), Ecolab (U.S.), Thomas Swan & Co. Ltd. (U.K.), NuGenTec, (U.S.), Chemamde, Jiangsu Jiahua advanced Materials Technology Co.,Ltd. (China), SRIVILAS HYDROTECH PVT LTD. (India), LiquidPower Specialty Products Inc. (U.S.), Baker Hughes Company (U.S.), Oil Flux (Spain), Deshi Energy Technology Group Co.,Ltd, (China), The Zoranoc Oilfield Chemical (China), Pflaumer Brothers, Inc. (U.S.), ConocoPhillips Company (U.S.), Flowchem (India), Innospec (U.S.), Guidechem (China), China National Petroleum Corporation (China)
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Market Opportunities
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Market Definition
Viscosity reducing agents are also well-known as drag reducing agents. These agents are additives in pipelines which reduces the turbulence in a pipe consequently rising the flow of fluids. These agents work as a pipeline booster or a flow improver. Viscosity reducing agents are normally composed high molecular weight polymers.
Global Viscosity Reducing Agents Market Dynamics
Drivers
- High usage of viscosity reducing agents in transportation
Viscosity reducing agents play a vital role to provide an effective and economic way of material transportation over the pipeline linkage in numerous industries. For instance, viscosity reducing agents play a vital role in the petrochemical sector in which transportation of viscous crude oil is carried out with the support of large pipeline networks. This will drive the growth rate of the viscosity reducing agents market during the forecast period.
- Increasing demand of viscosity reducing agents due to their nature
The viscosity reducing agents are non-polluting and non-toxic in nature due to this it finds their utilization across several industries. These viscosity reducing agents reduce the problem of choking in ducts and pipelines and increase the process efficiency and transportation.
- Growing usage of viscosity reducing agents for several purposes
The principle on which these agents function is that these agents reduce the turbulence in the core and interfere with the bursting process. The polymers absorb the energy in the streak and work as a shock absorber hence reducing the turbulent bursts. Viscosity reducing agents also act as buffers along the pipe wall. These agents are essential and support the operators to upsurge flow in the pipeline. The major factor that drives the growth of the market share comprises the advantages from their use.
Opportunities
- Increasing usage of viscosity reducing agents in promoting the pipeline integrity
The rising uptake of viscosity reducing agents in promoting the integrity of pipeline by numerous end-use industries, particularly paints and coatings, cement and construction, and oil sectors. Oil industry is a major trend which is boosting the prospects in the market. Strides in process industries in developed and developing regions of the globe are also boosting the demand for viscosity reducing agents. The viscosity reducing agents market is also seeing a progressively expanding revenue potential owing to the increasing worldwide demand for high quality crude oil which will create lucrative opportunities for the growth of the viscosity reducing agents market.
Also, companies' investment in R&D is the major trend that is gaining popularity in the viscosity reducing agents market. Companies operating in the viscosity reducing agents market are investing in R&D sectors and initiatives to develop technologically advanced products to meet demand from several end user industries overall the globe. Furthermore, rise in emerging new markets will also act as market drivers and further boost valuable opportunities for the market's growth rate.
Restraints/ Challenges
- Disadvantages associated with viscosity reducing agents market
The viscosity reducing agents market is anticipated to face obstructions such as environmental concerns, dependence on industries and increased strength of private companies during the forecast period of 2022-2029.
This viscosity reducing agents market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized 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, geographic expansions, technological innovations in the market. To gain more info on the viscosity reducing agents market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
COVID-19 Impact on Viscosity Reducing Agents Market
COVID-19 is an incomparable global public health emergency that has affected several industries that are projected to impact the growth of viscosity reducing agents during the forecast period. The government has imposed strict regulation and lockdowns which decrease the demand for the several products such as paints and coatings, rubber, cement and construction and others in the market during pandemic. The manufacturing and supply chain have been severely impacted, with a significant drop in output during the pandemic.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Global Viscosity Reducing Agents Market Scope
The viscosity reducing agents market is segmented on the basis of product type and end use industries. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product Type
- Polymers
- Surfactants
- Dispersants
- Additive
- Others
End-Use Industries
- Oil and Gas
- Cement and Construction
- Paints and Coatings
- Rubber
- Others
Viscosity Reducing Agents Market Regional Analysis/Insights
The viscosity reducing agents market is analysed and market size insights and trends are provided by country, product type and end use industries as referenced above.
The countries covered in the viscosity reducing agents 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, South Africa, Egypt, Israel, 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.
Asia-Pacific dominates the viscosity reducing agents market in terms of revenue. This is due to largest consumption from countries such as China and India. The rank of the India is seventh in the production of chemicals in the world and third largest producer in the Asia region.
North America is likely to be the fastest developing region during the forecast period of 2022-2029. North America is the second largest viscosity reducing agents market due to growing number of testing on various polymers and biomaterials which act as superior viscosity reducing agents.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the 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 Viscosity Reducing Agents Market Share Analysis
The viscosity reducing agents 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 viscosity reducing agents market.
Some of the major players operating in the viscosity reducing agents market are:
- The Lubrizol Corporation (U.S.)
- Ecolab (U.S.)
- Thomas Swan & Co. Ltd. (U.K.)
- NuGenTec, (U.S.)
- Chemamde, Jiangsu Jiahua advanced Materials Technology Co.,Ltd. (China)
- SRIVILAS HYDROTECH PVT LTD. (India)
- LiquidPower Specialty Products Inc. (U.S.)
- Baker Hughes Company (U.S.)
- Oil Flux (Spain)
- Deshi Energy Technology Group Co.,Ltd, (China)
- The Zoranoc Oilfield Chemical (China)
- Pflaumer Brothers, Inc. (U.S.
- ConocoPhillips Company (U.S.)
- Flowchem (India)
- Innospec (U.S.)
- Guidechem (China)
- China National Petroleum Corporation (China)
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