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Viscosity Reducing Agents Market
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Viscosity Reducing Agents Market

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Viscosity Reducing Agents Market - Global Size, Share, Trend Analysis, Opportunity and Forecast Report, 2019–2029, Segmented By Type (Drag Reducing Agents, Surfactants & Additives, Dispersing Agents, Others); By End User (Oil & Gas, Paints & Coatings, Plastics, Others); Region (North America, Europe, Asia Pacific, Latin America, Middle East and Africa)

  • Published Date: June 2023
  • Report ID: BWC23448
  • Available Format: PDF
  • Page: 410

Report Overview

The growing demand for viscosity reducing agents in various industries and the expansion of the oil & gas sector in developing countries are expected to drive the global viscosity reducing agents market during the forecast period between 2023 and 2029.

Global Viscosity Reducing Agents Market – Industry Trends & Forecast Report, 2029

Global viscosity reducing agents market size was estimated at USD 159.08 billion in 2022. During the forecast period between 2023 and 2029, the global viscosity reducing agents market size is projected to at a CAGR of 5.4% reaching a value of USD 229.87 billion by 2029. The global viscosity reducing agents market growth is expected to be driven by the increasing demand for energy and fuels, coupled with the expansion of the transportation sector, which is expected to drive the demand for these agents in the oil and gas industry. Additionally, advancements in technology and rising demand from end-use industries, such as paints and coatings and plastics, are contributing to the growth of the market. Governments around the world are also promoting the use of environmentally friendly and sustainable products, which is expected to drive the demand for bio-based viscosity reducing agents. The industrialization and infrastructure development in developing countries, particularly in India and China, are also expected to contribute to the growth of the global viscosity reducing agents market.

Viscosity Reducing Agents - Overview

Viscosity reducing agents are chemicals used to decrease the viscosity of fluids, such as crude oil, petroleum products, and water-based fluids. These agents are important in many industrial applications, including oil & gas production, transportation, and processing, as well as in the manufacture of paints, coatings, and adhesives. One type of viscosity reducing agent is drag reducing agents (DRAs), which are polymers added to fluids to reduce the friction between the fluid and the walls of the pipeline, resulting in decreased pressure drop and increased flow rate. Surfactants and additives are also commonly used as viscosity reducing agents, as they can modify the surface tension of fluids and reduce interfacial forces. Dispersing agents, which are used to break up clumps of particles in a fluid and prevent settling, can also have a viscosity reducing effect. Other types of viscosity reducing agents include solvents, enzymes, and acids. The choice of viscosity reducing agent depends on the specific application and the properties of the fluid being treated. Factors such as temperature, pressure, and chemical compatibility must also be considered. While viscosity reducing agents can improve efficiency and performance in many industrial processes, they can also have environmental and safety implications and must be used with caution.

Growth Drivers

Expansion of Oil & Gas Sector in Developing Countries

The expansion of the oil & gas sector in developing economies is a key growth driver for the global viscosity reducing agent market. As these countries increase their production and transportation of crude oil and petroleum products, the demand for viscosity reducing agents, such as drag reducing agents and surfactants, is expected to increase. Major countries, such as India, China, Brazil, and Russia, are among the top emerging markets for the oil & gas sector and are expected to drive demand for viscosity reducing agents in the coming years. The development of new oil & gas fields and the expansion of existing ones will require efficient transportation and processing systems, which can benefit from the use of viscosity-reducing agents. Companies operating in the global market are expanding their operations in these developing countries to meet the growing demand. For example, Clariant AG has established a production facility for its viscosity reducing agent Licocene in India to cater to the needs of the local market. Dow Inc. has also expanded its presence in India, with a new office and research center focused on developing solutions for the oil & gas sector.

Restraints

Fluctuating Raw Material Prices

The global viscosity reducing agents market is facing a major challenge for its growth due to fluctuating prices of raw materials used in the manufacturing of these agents. The prices of raw materials, such as polymers, surfactants, and additives, can be influenced by supply and demand, geopolitical issues, and natural disasters, leading to fluctuations in prices that can impact the profitability of manufacturers and the affordability of these agents for end users. The volatility in raw material prices can also impact the development of new viscosity reducing agents, as the cost of R&D can increase significantly. This can lead to delays in the introduction of new products and limit innovation in the market. The operating profit margin of several companies operating in the global viscosity reducing agents market are affected by the fluctuating prices of raw materials. For example, Evonik Industries AG reported a decline in profitability in its oil additives segment in 2020 due to the impact of the COVID-19 pandemic and the volatility of raw material prices. Croda International Plc also reported an increase in raw material costs in 2020, which affected its profit margins. To mitigate the impact of fluctuating prices of raw materials, companies are adopting various strategies such as diversifying their supply chains, increasing efficiency in their manufacturing processes, and investing in research and development to find alternative materials or methods of production. These efforts can help to reduce the dependence on volatile raw materials and improve the stability of the market in the forecast period.

Impact of COVID–19 on the Global Viscosity Reducing Agents Market

The COVID-19 pandemic caused disruptions in global supply chains, reduced demand for some products, and forced manufacturers to adjust their production and distribution strategies. The restrictions on travel and transport also affected the operations of the oil & gas industry, which is one of the major end users of viscosity reducing agents. Several companies operating in the global viscosity reducing agents market reported the impact of COVID-19 on their operations. For example, Dow Inc. reported lower sales volumes in its packaging and specialty plastics segment, which includes viscosity reducing agents, due to a lower demand from some end-user markets. Evonik Industries AG also reported lower sales in its oil additives segment, which includes viscosity reducing agents, due to reduced demand from the oil and gas industry. Despite the challenges posed by the pandemic, some companies have continued to invest in research and development and introduce new products to the market. For example, Croda International Plc launched a new range of bio-based viscosity reducing agents in 2020, which are designed to meet the needs of customers looking for sustainable solutions. The global viscosity reducing agents market is expected to recover from the impact of COVID-19, as the world economy recovers and the demand for crude oil and petroleum products increases. The focus on sustainability and eco-friendly products is also expected to drive innovation in the market and create new opportunities for growth.

Global Viscosity Reducing Agents Market – By End User

By end user, the global viscosity reducing agents market segments include oil & gas, paints & coatings, plastics, and others. During the forecast period, the oil & gas segment held the highest market share in the global market. This is due to the widely used of these agents in the oil and gas industry to improve the flow of crude oil and natural gas in pipelines, reduce energy consumption, and increase operational efficiency. The growing demand for crude oil and natural gas, particularly in developing countries, is expected to drive the demand for viscosity reducing agents in the oil and gas industry. The increasing adoption of hydraulic fracturing techniques in oil and gas exploration and production is also expected to drive the demand for viscosity reducing agents in the coming years. Several companies are operating in the global viscosity reducing agents market serving the oil and gas industry, including Baker Hughes Company, Schlumberger Limited, and Halliburton Company. Baker Hughes Company offers a range of viscosity reducing agents under the name FlowCoat, which are designed to reduce friction in pipelines and improve flow. Schlumberger Limited offers a range of specialty chemicals, including viscosity reducers, under the name of E&P Services, which are designed to enhance production in the oil and gas industry.

Regional Insights                                                                                

For regional analysis, the global viscosity reducing agents market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. During the forecast period, the Asia-Pacific region is expected to be dominant in the market, owing to the increasing demand from countries like China and India. The growing consumption of crude oil in these countries, particularly from the transportation sector and residential and commercial complexes, is expected to drive the market. India, which has the second-largest refinery in Asia, witnessed significant growth in its petroleum import value. Similarly, China saw an increase in crude oil consumption and refinery capacity. In addition to the oil and gas industry, the paints and coatings industry is also expected to contribute to the growth of the viscosity reducing agents market in the Asia-Pacific region. The use of dispersing agents in paints and coatings reduces the viscosity of the dispersion, increasing the loading of dispersed powder material, and optimizing energy consumption during the dispersing phase, which is the most energy-consuming stage. The growing demand for paints and coatings in the region is expected to further drive the market. The increasing demand for viscosity reducing agents in the Asia-Pacific region is also attributed to government support, which is promoting the use of sustainable and eco-friendly products across various industries. This is expected to create lucrative opportunities for the market players operating in the region.

Some of the key players operating in the viscosity reducing agents market in the Asia-Pacific region include Baker Hughes Company, Halliburton Company, and Schlumberger Limited. These companies are investing in research and development activities to develop innovative products that cater to the specific needs of various end-user industries in the region.

Competitive Landscape

The global viscosity reducing agents market is characterized by many regional and global vendors. The key players operating in the global viscosity reducing agents market include BASF SE, Akzo Nobel N.V., Clariant AG, Dow Inc., Evonik Industries AG, Croda International plc, Lubrizol Corporation, Innospec Inc., Schlumberger Limited, Baker Hughes Company, Nalco Champion, Halliburton Company, Huntsman Corporation, Momentive Performance Materials Inc., and Arkema SA. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Recent Developments

  • In May 2021 - Evonik Industries AG and LEHVOSS Group announced a strategic partnership to expand their product portfolios in the field of specialty chemicals and additives.

  • In April 2021 - BASF SE launched a new range of viscosity-reducing agents under the brand name Loxiol, which is specifically designed for waterborne coatings.

  • In February 2021 - Dow Inc. announced a collaboration with KCC Corporation to develop and commercialize new viscosity reducing solutions for the construction industry.

Scope of the Report

    

 

Attribute

Details

Years Considered

Historical Data – 2019–2022

Base Year – 2022

Estimated Year – 2023

Forecast – 2023–2029

Facts Covered

Revenue in USD Billion

Market Coverage

North America (US, Canada), Europe (Germany, UK, France, Italy, Spain, Belgium, Russia, The Netherlands, Rest of Europe), Asia Pacific (China, India, Japan, South Korea, Australia & New Zealand, Indonesia, Malaysia, Singapore, Vietnam, Rest of Asia Pacific), Latin America (Brazil, Mexico, Argentina, Peru, Rest of Latin America), Middle East & Africa (Saudi Arabia, UAE, Qatar, Kuwait, South Africa, Nigeria, Algeria, Rest of Middle East & Africa)

Product/Service Segmentation

Type, End User, Region

Key Players

BASF SE, Akzo Nobel N.V., Clariant AG, Dow Inc., Evonik Industries AG, Croda International plc, Lubrizol Corporation, Innospec Inc., Schlumberger Limited, Baker Hughes Company, Nalco Champion, Halliburton Company, Huntsman Corporation, Momentive Performance Materials Inc., Arkema SA

 

By Type

  • Drag Reducing Agents

  • Surfactants & Additives

  • Dispersing Agents

  • Others

By End User

  • Oil & Gas

  • Paints & Coatings

  • Plastics

  • Other

By Region

  • North America

  • Europe

  • Asia Pacific

  • Latin America

  • Middle East and Africa

  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Market Segmentation
  2. Executive Summary
  3. Global Viscosity Reducing Agents Market Insights
    1. Industry Value Chain Analysis
    2. DROC Analysis
      1. Growth Drivers
        1. Growing demand for viscosity reducing agents in various industries
        2. Expansion of the oil and gas industry in developing countries
      2. Restraints
        1. Fluctuating prices of raw materials used in the manufacturing of viscosity reducing agents
        2. Stringent regulations governing the use and disposal of viscosity reducing agents
      3. Opportunities
        1. Growing demand for bio-based viscosity reducing agents
      4. Challenges
        1. Intense competition among key players in the market, which can lead to pricing pressures and lower profit margins
        2. The high cost of research and development activities to introduce new and innovative product
    3. Technology Advancements/Recent Developments
    4. Regulatory Framework
    5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
  4. Global Viscosity Reducing Agents Market Overview
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
    2. Market Share and Forecast
      1. By Type
        1. Drag Reducing Agents
        2. Surfactants & Additives
        3. Dispersing Agents
        4. Others
      2. By End User
        1. Oil & Gas
        2. Paints & Coatings
        3. Plastics
        4. Other
      3. By Region
        1. North America
        2. Europe
        3. Asia Pacific (APAC)
        4. Latin America (LATAM)
        5. Middle East and Africa (MEA)
  5. North America Viscosity Reducing Agents Market
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Type
      2. By End User
      3. By Country
        1. United States
          1. By Type
          2. By End User
        2. Canada
          1. By Type
          2. By End User
  6. Europe Viscosity Reducing Agents Market
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Type
      2. By End User
      3. By Country
        1. Germany
          1. By Type
          2. By End User
        2. United Kingdom
          1. By Type
          2. By End User
        3. Italy
          1. By Type
          2. By End User
        4. France
          1. By Type
          2. By End User
        5. Spain
          1. By Type
          2. By End User
        6. Belgium
          1. By Type
          2. By End User
        7. Russia
          1. By Type
          2. By End User
        8. The Netherlands
          1. By Type
          2. By End User
        9. Rest of Europe
          1. By Type
          2. By End User
  7. Asia-Pacific Viscosity Reducing Agents Market
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Type
      2. By End User
      3. By Country
        1. China
          1. By Type
          2. By End User
        2. India
          1. By Type
          2. By End User
        3. Japan
          1. By Type
          2. By End User
        4. South Korea
          1. By Type
          2. By End User
        5. Australia & New Zealand
          1. By Type
          2. By End User
        6. Indonesia
          1. By Type
          2. By End User
        7. Malaysia
          1. By Type
          2. By End User
        8. Singapore
          1. By Type
          2. By End User
        9. Vietnam
          1. By Type
          2. By End User
        10. Rest of APAC
          1. By Type
          2. By End User
  8. Latin America Viscosity Reducing Agents Market
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Type
      2. By End User
      3. By Country
        1. Brazil
          1. By Type
          2. By End User
        2. Mexico
          1. By Type
          2. By End User
        3. Argentina
          1. By Type
          2. By End User
        4. Peru
          1. By Type
          2. By End User
        5. Rest of LATAM
          1. By Type
          2. By End User
  9. Middle East & Africa Viscosity Reducing Agents Market
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Type
      2. By End User
      3. By Country
        1. Saudi Arabia
          1. By Type
          2. By End User
        2. UAE
          1. By Type
          2. By End User
        3. Qatar
          1. By Type
          2. By End User
        4. Kuwait
          1. By Type
          2. By End User
        5. South Africa
          1. By Type
          2. By End User
        6. Nigeria
          1. By Type
          2. By End User
        7. Algeria
          1. By Type
          2. By End User
        8. Rest of MEA
          1. By Type
          2. By End User
  10. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Global Viscosity Reducing Agents Market Share Analysis, 2022
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
  11. Impact of Covid-19 on Global Viscosity Reducing Agents Market
  12. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
    1. BASF SE
    2. Akzo Nobel N.V.
    3. Clariant AG
    4. Dow Inc.
    5. Evonik Industries AG
    6. Croda International plc
    7. Lubrizol Corporation
    8. Innospec Inc.
    9. Schlumberger Limited
    10. Baker Hughes Company
    11. Nalco Champion
    12. Halliburton Company
    13. Huntsman Corporation
    14. Momentive Performance Materials Inc.
    15. Arkema SA
    16. Other Prominent Players
  13. Key Strategic Recommendations
  14. Research Methodology
    1.  Qualitative Research
      1.  Primary & Secondary Research
    2.  Quantitative Research
    3.  Market Breakdown & Data Triangulation
      1.  Secondary Research
      2.  Primary Research
    4.  Breakdown of Primary Research Respondents, By Region
    5.  Assumptions & Limitations

*Financial information of case of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable

Figures

Figure 1       Global Viscosity Reducing Agents Market Segmentation                                                             

Figure 2       Global Viscosity Reducing Agents Market Value Chain Analysis                                                            

Figure 3       Company Market Share Analysis, 2022                                                         

Figure 4       Global Viscosity Reducing Agents Market Size, By Value (USD Billion), 2019−2029                                                                  

Figure 5       Global Viscosity Reducing Agents Market Share, By Type, By Value, 2019−2029                                                                  

Figure 6       Global Viscosity Reducing Agents Market Share, By End User, By Value, 2019−2029                                                                  

Figure 7       Global Viscosity Reducing Agents Market Share, By Region, By Value, 2019−2029                                                                  

Figure 8       North America Viscosity Reducing Agents Market Size, By Value (USD Billion), 2019−2029                                                          

Figure 9       North America Viscosity Reducing Agents Market Share, By Type, By Value, 2019−2029                                                          

Figure 10     North America Viscosity Reducing Agents Market Share, By End User, By Value, 2019−2029                                                          

Figure 11     North America Viscosity Reducing Agents Market Share, By Country, By Value, 2019−2029                                                          

Figure 12     United States Viscosity Reducing Agents Market Size, By Value (USD Billion), 2019−2029                                                          

Figure 13     United States Viscosity Reducing Agents Market Share, By Type, By Value, 2019−2029                                                          

Figure 14     United States Viscosity Reducing Agents Market Share, By End User, By Value, 2019−2029                                                          

Figure 15     Canada Viscosity Reducing Agents Market Size, By Value (USD Billion), 2019−2029                                                                  

Figure 16     Canada Viscosity Reducing Agents Market Share, By Type, By Value, 2019−2029                                                                  

Figure 17     Canada Viscosity Reducing Agents Market Share, By End User, By Value, 2019−2029                                                          

Figure 18     Europe Viscosity Reducing Agents Market Size, By Value (USD Billion), 2019−2029                                                                  

Figure 19     Europe Viscosity Reducing Agents Market Share, By Type, By Value, 2019−2029                                                                  

Figure 20     Europe Viscosity Reducing Agents Market Share, By End User, By Value, 2019−2029                                                          

Figure 21     Europe Viscosity Reducing Agents Market Share, By Country, By Value, 2019−2029                                                                  

Figure 22     Germany Viscosity Reducing Agents Market Size, By Value (USD Billion), 2019−2029                                                          

Figure 23     Germany Viscosity Reducing Agents Market Share, By Type, By Value, 2019−2029                                                                  

Figure 24     Germany Viscosity Reducing Agents Market Share, By End User, By Value, 2019−2029                                                          

Figure 25     United Kingdom Viscosity Reducing Agents Market Size, By Value (USD Billion), 2019−2029                                                          

Figure 26     United Kingdom Viscosity Reducing Agents Market Share, By Type, By Value, 2019−2029                                                          

Figure 27     United Kingdom Viscosity Reducing Agents Market Share, By End User, By Value, 2019−2029                                                          

Figure 28     Italy Viscosity Reducing Agents Market Size, By Value (USD Billion), 2019−2029                                                                  

Figure 29     Italy Viscosity Reducing Agents Market Share, By Type, By Value, 2019−2029                                                               

Figure 30     Italy Viscosity Reducing Agents Market Share, By End User, By Value, 2019−2029                                                                  

Figure 31     France Viscosity Reducing Agents Market Size, By Value (USD Billion), 2019−2029                                                                  

Figure 32     France Viscosity Reducing Agents Market Share, By Type, By Value, 2019−2029                                                                  

Figure 33     France Viscosity Reducing Agents Market Share, By End User, By Value, 2019−2029                                                                  

Figure 34     Spain Viscosity Reducing Agents Market Size, By Value (USD Billion), 2019−2029                                                                  

Figure 35     Spain Viscosity Reducing Agents Market Share, By Type, By Value, 2019−2029                                                              

Figure 36     Spain Viscosity Reducing Agents Market Share, By End User, By Value, 2019−2029                                                                  

Figure 37     The Netherlands Viscosity Reducing Agents Market Size, By Value (USD Billion), 2019−2029                                                          

Figure 38     The Netherlands Viscosity Reducing Agents Market Share, By Type, By Value, 2019−2029                                                          

Figure 39     The Netherlands Viscosity Reducing Agents Market Share, By End User, By Value, 2019−2029                                                          

Figure 40     Belgium Viscosity Reducing Agents Market Size, By Value (USD Billion), 2019−2029                                                                  

Figure 41     Belgium Viscosity Reducing Agents Market Share, By Type, By Value, 2019−2029                                                                  

Figure 42     Belgium Viscosity Reducing Agents Market Share, By End User, By Value, 2019−2029                                                          

Figure 43     NORDIC Countries Viscosity Reducing Agents Market Size, By Value (USD Billion), 2019−2029                                                          

Figure 44     NORDIC Countries Viscosity Reducing Agents Market Share, By Type, By Value, 2019−2029                                                          

Figure 45     NORDIC Countries Viscosity Reducing Agents Market Share, By End User, By Value, 2019−2029                                                          

Figure 46     Rest of Europe Viscosity Reducing Agents Market Size, By Value (USD Billion), 2019−2029                                                          

Figure 47     Rest of Europe Viscosity Reducing Agents Market Share, By Technology, By Value, 2019−2029                                                          

Figure 48     Rest of Europe Viscosity Reducing Agents Market Share, By End User, By Value, 2019−2029                                                          

Figure 49     Asia-Pacific Viscosity Reducing Agents Market Size, By Value (USD Billion), 2019−2029                                                          

Figure 50     Asia-Pacific Viscosity Reducing Agents Market Share, By Type, By Value, 2019−2029                                                          

Figure 51     Asia-Pacific Viscosity Reducing Agents Market Share, By Deployment, By Value, 2019−2029                                                          

Figure 52     Asia-Pacific Viscosity Reducing Agents Market Share, By Country, By Value, 2019−2029                                                          

Figure 53     China Viscosity Reducing Agents Market Size, By Value (USD Billion), 2019−2029                                                                  

Figure 54     China Viscosity Reducing Agents Market Share, By Type, By Value, 2019−2029                                                              

Figure 55     China Viscosity Reducing Agents Market Share, By End User, By Value, 2019−2029                                                                  

Figure 56     India Viscosity Reducing Agents Market Size, By Value (USD Billion), 2019−2029                                                                  

Figure 57     India Viscosity Reducing Agents Market Share, By Type, By Value, 2019−2029                                                               

Figure 58     India Viscosity Reducing Agents Market Share, By End User, By Value, 2019−2029                                                                  

Figure 59     Japan Viscosity Reducing Agents Market Size, By Value (USD Billion), 2019−2029                                                                  

Figure 60     Japan Viscosity Reducing Agents Market Share, By Type, By Value, 2019−2029                                                             

Figure 61     Japan Viscosity Reducing Agents Market Share, By End User, By Value, 2019−2029                                                                  

Figure 62     South Korea Viscosity Reducing Agents Market Size, By Value (USD Billion), 2019−2029                                                          

Figure 63     South Korea Viscosity Reducing Agents Market Share, By Type, By Value, 2019−2029                                                          

Figure 64     South Korea Viscosity Reducing Agents Market Share, By End User, By Value, 2019−2029                                                          

Figure 65     Australia & New Zealand Viscosity Reducing Agents Market Size, By Value (USD Billion), 2019−2029                                                                 

Figure 66     Australia & New Zealand Viscosity Reducing Agents Market Share, By Type, By Value, 2019−2029                                                         

Figure 67     Australia & New Zealand Viscosity Reducing Agents Market Share, By End User, By Value, 2019−2029                                                         

Figure 68     Indonesia Viscosity Reducing Agents Market Size, By Value (USD Billion), 2019−2029                                                          

Figure 69     Indonesia Viscosity Reducing Agents Market Share, By Type, By Value, 2019−2029                                                                  

Figure 70     Indonesia Viscosity Reducing Agents Market Share, By End User, By Value, 2019−2029                                                          

Figure 71     Malaysia Viscosity Reducing Agents Market Size, By Value (USD Billion), 2019−2029                                                                  

Figure 72     Malaysia Viscosity Reducing Agents Market Share, By Type, By Value, 2019−2029                                                                  

Figure 73     Malaysia Viscosity Reducing Agents Market Share, By End User, By Value, 2019−2029                                                          

Figure 74     Singapore Viscosity Reducing Agents Market Size, By Value (USD Billion), 2019−2029                                                          

Figure 75     Singapore Viscosity Reducing Agents Market Share, By Type, By Value, 2019−2029                                                                  

Figure 76     Singapore Viscosity Reducing Agents Market Share, By End User, By Value, 2019−2029                                                          

Figure 77     Philippines Viscosity Reducing Agents Market Size, By Value (USD Billion), 2019−2029                                                          

Figure 78     Philippines Viscosity Reducing Agents Market Share, By Type, By Value, 2019−2029                                                                  

Figure 79     Philippines Viscosity Reducing Agents Market Share, By End User, By Value, 2019−2029                                                          

Figure 80     Vietnam Viscosity Reducing Agents Market Size, By Value (USD Billion), 2019−2029                                                                  

Figure 81     Vietnam Viscosity Reducing Agents Market Share, By Type, By Value, 2019−2029                                                                  

Figure 82     Vietnam Viscosity Reducing Agents Market Share, By End User, By Value, 2019−2029                                                          

Figure 83     Rest of APAC Viscosity Reducing Agents Market Size, By Value (USD Billion), 2019−2029                                                          

Figure 84     Rest of APAC Viscosity Reducing Agents Market Share, By Type, By Value, 2019−2029                                                          

Figure 85     Rest of APAC Viscosity Reducing Agents Market Share, By End User, By Value, 2019−2029                                                          

Figure 86     Latin America Viscosity Reducing Agents Market Size, By Value (USD Billion), 2019−2029                                                          

Figure 87     Latin America Viscosity Reducing Agents Market Share, By Type, By Value, 2019−2029                                                          

Figure 88     Latin America Viscosity Reducing Agents Market Share, By End User, By Value, 2019−2029                                                          

Figure 89     Latin America Viscosity Reducing Agents Market Share, By Country, By Value, 2019−2029                                                          

Figure 90     Brazil Viscosity Reducing Agents Market Size, By Value (USD Billion), 2019−2029                                                                  

Figure 91     Brazil Viscosity Reducing Agents Market Share, By Type, By Value, 2019−2029                                                              

Figure 92     Brazil Viscosity Reducing Agents Market Share, By End User, By Value, 2019−2029                                                                  

Figure 93     Mexico Viscosity Reducing Agents Market Size, By Value (USD Billion), 2019−2029                                                                  

Figure 94     Mexico Viscosity Reducing Agents Market Share, By Type, By Value, 2019−2029                                                                  

Figure 95     Mexico Viscosity Reducing Agents Market Share, By End User, By Value, 2019−2029                                                                  

Figure 96     Argentina Viscosity Reducing Agents Market Size, By Value (USD Billion), 2019−2029                                                          

Figure 97     Argentina Viscosity Reducing Agents Market Share, By Type, By Value, 2019−2029                                                                  

Figure 98     Argentina Viscosity Reducing Agents Market Share, By End User, By Value, 2019−2029                                                          

Figure 99     Peru Viscosity Reducing Agents Market Size, By Value (USD Billion), 2019−2029                                                                  

Figure 100   Peru Viscosity Reducing Agents Market Share, By Type, By Value, 2019−2029                                                               

Figure 101   Peru Viscosity Reducing Agents Market Share, By End User, By Value, 2019−2029                                                                  

Figure 102   Colombia Viscosity Reducing Agents Market Size, By Value (USD Billion), 2019−2029                                                          

Figure 103   Colombia Viscosity Reducing Agents Market Share, By Type, By Value, 2019−2029                                                                  

Figure 104   Colombia Viscosity Reducing Agents Market Share, By End User, By Value, 2019−2029                                                          

Figure 105   Rest of LATAM Viscosity Reducing Agents Market Size, By Value (USD Billion), 2019−2029                                                          

Figure 106   Rest of LATAM Viscosity Reducing Agents Market Share, By Type By Value, 2019−2029                                                          

Figure 107   Rest of LATAM Viscosity Reducing Agents Market Share, By End User, By Value, 2019−2029                                                          

Figure 108   Middle East & Africa Viscosity Reducing Agents Market Size, By Value (USD Billion), 2019−2029                                                          

Figure 109   Middle East & Africa Viscosity Reducing Agents Market Share, By Type, By Value, 2019−2029                                                          

Figure 110   Middle East & Africa Viscosity Reducing Agents Market Share, By End User, By Value, 2019−2029                                                         

Figure 111   Middle East & Africa Viscosity Reducing Agents Market Share, By Country, By Value, 2019−2029                                                          

Figure 112   Saudi Arabia Viscosity Reducing Agents Market Size, By Value (USD Billion), 2019−2029                                                          

Figure 113   Saudi Arabia Viscosity Reducing Agents Market Share, By Type, By Value, 2019−2029                                                          

Figure 114   Saudi Arabia Viscosity Reducing Agents Market Share, By End User, By Value, 2019−2029                                                          

Figure 115   UAE Viscosity Reducing Agents Market Size, By Value (USD Billion), 2019−2029                                                                  

Figure 116   UAE Viscosity Reducing Agents Market Share, By Type, By Value, 2019−2029                                                          

Figure 117   UAE Viscosity Reducing Agents Market Share, By End User, By Value, 2019−2029                                                                  

Figure 118   Qatar Viscosity Reducing Agents Market Size, By Value (USD Billion), 2019−2029                                                                  

Figure 119   Qatar Viscosity Reducing Agents Market Share, By Type, By Value, 2019−2029                                                              

Figure 120   Qatar Viscosity Reducing Agents Market Share, By End User, By Value, 2019−2029                                                                  

Figure 121   Kuwait Viscosity Reducing Agents Market Size, By Value (USD Billion), 2019−2029                                                                  

Figure 122   Kuwait Viscosity Reducing Agents Market Share, By Type, By Value, 2019−2029                                                                  

Figure 123   Kuwait Viscosity Reducing Agents Market Share, By End User, By Value, 2019−2029                                                                  

Figure 124   Iran Viscosity Reducing Agents Market Size, By Value (USD Billion), 2019−2029                                                                  

Figure 125   Iran Viscosity Reducing Agents Market Share, By Type, By Value, 2019−2029                                                          

Figure 126   Iran Viscosity Reducing Agents Market Share, By End User, By Value, 2019−2029                                                                  

Figure 127   South Africa Viscosity Reducing Agents Market Size, By Value (USD Billion), 2019−2029                                                          

Figure 128   South Africa Viscosity Reducing Agents Market Share, By Type, By Value, 2019−2029                                                          

Figure 129   South Africa Viscosity Reducing Agents Market Share, By End User, By Value, 2019−2029                                                          

Figure 130   Nigeria Viscosity Reducing Agents Market Size, By Value (USD Billion), 2019−2029                                                                  

Figure 131   Nigeria Viscosity Reducing Agents Market Share, By Type, By Value, 2019−2029                                                                  

Figure 132   Nigeria Viscosity Reducing Agents Market Share, By End User, By Value, 2019−2029                                                          

Figure 133   Kenya Viscosity Reducing Agents Market Size, By Value (USD Billion), 2019−2029                                                                  

Figure 134   Kenya Viscosity Reducing Agents Market Share, By Type, By Value, 2019−2029                                                                  

Figure 135   Kenya Viscosity Reducing Agents Market Share, By End User, By Value, 2019−2029                                                                  

Figure 136   Egypt Viscosity Reducing Agents Market Size, By Value (USD Billion), 2019−2029                                                                  

Figure 137   Egypt Viscosity Reducing Agents Market Share, By Type, By Value, 2019−2029                                                              

Figure 138   Egypt Viscosity Reducing Agents Market Share, By End User, By Value, 2019−2029                                                                  

Figure 139   Morocco Viscosity Reducing Agents Market Size, By Value (USD Billion), 2019−2029                                                                  

Figure 140   Morocco Viscosity Reducing Agents Market Share, By Type, By Value, 2019−2029                                                                  

Figure 141   Morocco Viscosity Reducing Agents Market Share, By End User, By Value, 2019−2029                                                          

Figure 142   Algeria Viscosity Reducing Agents Market Size, By Value (USD Billion), 2019−2029                                                                  

Figure 143   Algeria Viscosity Reducing Agents Market Share, By Type, By Value, 2019−2029                                                                  

Figure 144   Algeria Viscosity Reducing Agents Market Share, By End User, By Value, 2019−2029                                                                  

Figure 145   Rest of MEA Viscosity Reducing Agents Market Size, By Value (USD Billion), 2019−2029                                                          

Figure 146   Rest of MEA Viscosity Reducing Agents Market Share, By Type, By Value, 2019−2029                                                          

Figure 147   Rest of MEA Viscosity Reducing Agents Market Share, By End User, By Value, 2019−2029

                                                                  

List of Tables

Table 1 Global Viscosity Reducing Agents Market Size, By Type, By Value, 2019−2029

Table 2 Global Viscosity Reducing Agents Market Size, By End User, By Value, 2019−2029

Table 3 Global Viscosity Reducing Agents Market Size, By Region, By Value, 2019−2029

Table 4 North America Viscosity Reducing Agents Market Size, By Type, By Value, 2019−2029

Table 5 North America Viscosity Reducing Agents Market Size, By End User, By Value, 2019−2029

Table 6 North America Viscosity Reducing Agents Market Size, By Country, By Value, 2019−2029

Table 7 United States Viscosity Reducing Agents Market Size, By Type, By Value, 2019−2029

Table 8 United States Viscosity Reducing Agents Market Size, By End User, By Value, 2019−2029

Table 9 Canada Viscosity Reducing Agents Market Size, By Type, By Value, 2019−2029

Table 10      Canada Viscosity Reducing Agents Market Size, By End User, By Value, 2019−2029

Table 11      Europe Viscosity Reducing Agents Market Size, By Type, By Value, 2019−2029

Table 12      Europe Viscosity Reducing Agents Market Size, By End User, By Value, 2019−2029

Table 13      Europe Viscosity Reducing Agents Market Size, By Country, By Value, 2019−2029

Table 14      Germany Viscosity Reducing Agents Market Size, By Type, By Value, 2019−2029

Table 15      Germany Viscosity Reducing Agents Market Size, By End User, By Value, 2019−2029

Table 16      United Kingdom Viscosity Reducing Agents Market Size, By Type, By Value, 2019−2029

Table 17      United Kingdom Viscosity Reducing Agents Market Size, By End User, By Value, 2019−2029

Table 18      Italy Viscosity Reducing Agents Market Size, By Type, By Value, 2019−2029

Table 19      Italy Viscosity Reducing Agents Market Size, By End User, By Value, 2019−2029

Table 20      France Viscosity Reducing Agents Market Size, By Type, By Value, 2019−2029

Table 21      France Viscosity Reducing Agents Market Size, By End User, By Value, 2019−2029

Table 22      Spain Viscosity Reducing Agents Market Size, By Type, By Value, 2019−2029

Table 23      Spain Viscosity Reducing Agents Market Size, By End User, By Value, 2019−2029

Table 24      The Netherlands Viscosity Reducing Agents Market Size, By Type, By Value, 2019−2029

Table 25      The Netherlands Viscosity Reducing Agents Market Size, By End User, By Value, 2019−2029

Table 26      Belgium Viscosity Reducing Agents Market Size, By Type, By Value, 2019−2029

Table 27      Belgium Viscosity Reducing Agents Market Size, By End User, By Value, 2019−2029

Table 28      NORDIC Countries Viscosity Reducing Agents Market Size, By Type, By Value, 2019−2029

Table 29      NORDIC Countries Viscosity Reducing Agents Market Size, By End User, By Value, 2019−2029

Table 30      Rest of Europe Viscosity Reducing Agents Market Size, By Type, By Value, 2019−2029

Table 31      Rest of Europe Viscosity Reducing Agents Market Size, By End User, By Value, 2019−2029

Table 32      Asia-Pacific Viscosity Reducing Agents Market Size, By Type, By Value, 2019−2029

Table 33      Asia-Pacific Viscosity Reducing Agents Market Size, By End User, By Value, 2019−2029

Table 34      Asia-Pacific Viscosity Reducing Agents Market Size, By Country, By Value, 2019−2029

Table 35      China Viscosity Reducing Agents Market Size, By Type, By Value, 2019−2029

Table 36      China Viscosity Reducing Agents Market Size, By End User, By Value, 2019−2029

Table 37      India Viscosity Reducing Agents Market Size, By Type, By Value, 2019−2029

Table 38      India Viscosity Reducing Agents Market Size, By End User, By Value, 2019−2029

Table 39      Japan Viscosity Reducing Agents Market Size, By Type, By Value, 2019−2029

Table 40      Japan Viscosity Reducing Agents Market Size, By End User, By Value, 2019−2029

Table 41      South Korea Viscosity Reducing Agents Market Size, By Type, By Value, 2019−2029

Table 42      South Korea Viscosity Reducing Agents Market Size, By End User, By Value, 2019−2029

Table 43      Australia & New Zealand Viscosity Reducing Agents Market Size, By Type, By Value, 2019−2029

Table 44      Australia & New Zealand Viscosity Reducing Agents Market Size, By End User, By Value, 2019−2029

Table 45      Indonesia Viscosity Reducing Agents Market Size, By Type, By Value, 2019−2029

Table 46      Indonesia Viscosity Reducing Agents Market Size, By End User, By Value, 2019−2029

Table 47      Malaysia Viscosity Reducing Agents Market Size, By Type, By Value, 2019−2029

Table 48      Malaysia Viscosity Reducing Agents Market Size, By End User, By Value, 2019−2029

Table 49      Singapore Viscosity Reducing Agents Market Size, By Type, By Value, 2019−2029

Table 50      Singapore Viscosity Reducing Agents Market Size, By End User, By Value, 2019−2029

Table 51      Philippines Viscosity Reducing Agents Market Size, By Type, By Value, 2019−2029

Table 52      Philippines Viscosity Reducing Agents Market Size, By End User, By Value, 2019−2029

Table 53      Vietnam Viscosity Reducing Agents Market Size, By Type, By Value, 2019−2029

Table 54      Vietnam Viscosity Reducing Agents Market Size, By End User, By Value, 2019−2029

Table 55      Rest of APAC Viscosity Reducing Agents Market Size, By Type, By Value, 2019−2029

Table 56      Rest of APAC Viscosity Reducing Agents Market Size, By End User, By Value, 2019−2029

Table 57      Latin America Viscosity Reducing Agents Market Size, By Type, By Value, 2019−2029

Table 58      Latin America Viscosity Reducing Agents Market Size, By End User, By Value, 2019−2029

Table 59      Latin America Viscosity Reducing Agents Market Size, By Country, By Value, 2019−2029

Table 60      Brazil Viscosity Reducing Agents Market Size, By Type, By Value, 2019−2029

Table 61      Brazil Viscosity Reducing Agents Market Size, By End User, By Value, 2019−2029

Table 62      Mexico Viscosity Reducing Agents Market Size, By Type, By Value, 2019−2029

Table 63      Mexico Viscosity Reducing Agents Market Size, By End User, By Value, 2019−2029

Table 64      Argentina Viscosity Reducing Agents Market Size, By Type, By Value, 2019−2029

Table 65      Argentina Viscosity Reducing Agents Market Size, By End User, By Value, 2019−2029

Table 66      Peru Viscosity Reducing Agents Market Size, By Type, By Value, 2019−2029

Table 67      Peru Viscosity Reducing Agents Market Size, By End User, By Value, 2019−2029

Table 68      Colombia Viscosity Reducing Agents Market Size, By Type, By Value, 2019−2029

Table 69      Colombia Viscosity Reducing Agents Market Size, By End User, By Value, 2019−2029

Table 70      Rest of LATAM Viscosity Reducing Agents Market Size, By Type, By Value, 2019−2029

Table 71      Rest of LATAM Viscosity Reducing Agents Market Size, By End User, By Value, 2019−2029

Table 72      Middle East & Africa Viscosity Reducing Agents Market Size, By Type, By Value, 2019−2029

Table 73      Middle East & Africa Viscosity Reducing Agents Market Size, By Country, By Value, 2019−2029

Table 74      Saudi Arabia Viscosity Reducing Agents Market Size, By Type, By Value, 2019−2029

Table 75      Saudi Arabia Viscosity Reducing Agents Market Size, By End User, By Value, 2019−2029

Table 76      UAE Viscosity Reducing Agents Market Size, By Type, By Value, 2019−2029

Table 77      UAE Viscosity Reducing Agents Market Size, By End User, By Value, 2019−2029

Table 78      Qatar Viscosity Reducing Agents Market Size, By Type, By Value, 2019−2029

Table 79      Qatar Viscosity Reducing Agents Market Size, By End User, By Value, 2019−2029

Table 80      Kuwait Viscosity Reducing Agents Market Size, By Type, By Value, 2019−2029

Table 81      Kuwait Viscosity Reducing Agents Market Size, By End User, By Value, 2019−2029

Table 82      Iran Viscosity Reducing Agents Market Size, By Type, By Value, 2019−2029

Table 83      Iran Viscosity Reducing Agents Market Size, By End User, By Value, 2019−2029

Table 84      South Africa Viscosity Reducing Agents Market Size, By Type, By Value, 2019−2029

Table 85      South Africa Viscosity Reducing Agents Market Size, By End User, By Value, 2019−2029

Table 86      Nigeria Viscosity Reducing Agents Market Size, By Type, By Value, 2019−2029

Table 87      Nigeria Viscosity Reducing Agents Market Size, By End User, By Value, 2019−2029

Table 88      Kenya Viscosity Reducing Agents Market Size, By Type, By Value, 2019−2029

Table 89      Kenya Viscosity Reducing Agents Market Size, By End User, By Value, 2019−2029

Table 90      Egypt Viscosity Reducing Agents Market Size, By Type, By Value, 2019−2029

Table 91      Egypt Viscosity Reducing Agents Market Size, By End User, By Value, 2019−2029

Table 92      Morocco Viscosity Reducing Agents Market Size, By Type, By Value, 2019−2029

Table 93      Morocco Viscosity Reducing Agents Market Size, By End User, By Value, 2019−2029

Table 94      Algeria Viscosity Reducing Agents Market Size, By Type, By Value, 2019−2029

Table 95      Algeria Viscosity Reducing Agents Market Size, By End User, By Value, 2019−2029

Table 96      Rest of MEA Viscosity Reducing Agents Market Size, By Type, By Value, 2019−2029

Table 97      Rest of MEA Viscosity Reducing Agents Market Size, By End User, By Value, 2019−2029

Table 98      BASF SE Company Overview

Table 99      BASF SE Financial Overview

Table 100    Akzo Nobel N.V. Company Overview

Table 101    Akzo Nobel N.V. Financial Overview

Table 102    Clariant AG Company Overview

Table 103    Clariant AG Financial Overview

Table 104    Dow Inc. Company Overview

Table 105    Dow Inc. Financial Overview

Table 106    Evonik Industries AG Company Overview

Table 107    Evonik Industries AG Financial Overview

Table 108    Croda International plc Company Overview

Table 109    Croda International plc Financial Overview

Table 110    Lubrizol Corporation Company Overview

Table 111    Lubrizol Corporation Financial Overview

Table 112    Innospec Inc. Company Overview

Table 113    Innospec Inc. Financial Overview

Table 114    Schlumberger Limited Company Overview

Table 115    Schlumberger Limited Financial Overview

Table 116    Baker Hughes Company: Company Overview

Table 117    Baker Hughes Company Financial Overview

Table 118    Nalco Champion Company Overview

Table 119    Nalco Champion Financial Overview

Table 120    Arkema SA Company Overview

Table 121    Arkema SA Financial Overview

Table 122    Other Prominent Players Company Overview

Table 123    Other Prominent Players Financial Overview

Market Segmentation

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Frequently Asked Questions (FAQs):

Ans: Global Viscosity Reducing Agents Market size was estimated at USD 159.08 billion in 2022.
Ans: The growth of the Global Viscosity Reducing Agents Market can be ascribed to the growing demand for viscosity reducing agents in various industries and the expansion of the oil and gas industry in developing countries.
Ans: The key players operating in the Global Viscosity Reducing Agents Market include BASF SE, Akzo Nobel N.V., Clariant AG, Dow Inc., Evonik Industries AG, Croda International plc, Lubrizol Corporation, Innospec Inc., Schlumberger Limited, Baker Hughes Company, Nalco Champion, Halliburton Company, Huntsman Corporation, Momentive Performance Materials Inc., and Arkema SA.
Ans: The drag reducing agents segment is growing in the Global Viscosity Reducing Agents Market at the highest CAGR during the forecast period.
Ans: The Asia-Pacific region is expected to grow at the highest CAGR in the Global Viscosity Reducing Agents Market during the forecast period between 2023 and 2029. 
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