Press release
Viscosity Reducing Agents Market 2021 Analysis by Recent Developments- Alberta Treating Chemicals LTD., ARKEMA Group, Baker Hughes Company, BASF SE, BYK-CHEMIE GMBH
Global Viscosity Reducing Agents Market 2021-2025 is a comprehensive report which provides a detailed overview of the major driver, opportunities, challenges, current market trends and strategies impacting the Global Viscosity Reducing Agents market in conjunction with calculation and forecast of size, share, and growth rate analysis. Combining the analysis capabilities and knowledge integration with the relevant findings, the report has foretold the robust future growth of the Viscosity Reducing Agents market all told its geographical and merchandise segments.The market for viscosity reducing agents is expected to grow at a CAGR of about 5% globally during the forecast period.
The Global Viscosity Reducing Agents market is highly competitive and consists of a number of major players. Companies like Alberta Treating Chemicals LTD., ARKEMA Group, Baker Hughes Company, BASF SE, BYK-CHEMIE GMBH, CHINAFLOC, Ecolab, Innospec, LiquidPower Specialty Products Inc., NuGenTecx, Oil Flux, Qflo, The Lubrizol Corporation among others.
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https://www.marketinsightsreports.com/reports/10192352914/viscosity-reducing-agents-market-growth-trends-and-forecast-2020-2025/inquiry?Mode=48
Key Market Trends:
Growing Demand from the Oil & Gas Industry
- Viscosity reducing agents are widely used in oil & gas industries and is expected to grow rapidly during the forecast period.
- Viscosity reducing agents are often referred to as drag reducing agents in oil & gas industries, they improve the flow by reducing the frictional energy losses by decreasing the turbulence in the pipeline during crude oil transportation, and processing.
- Moreover, they are long-chain hydrocarbons that decrease the pressure drop for the same flow rate and thereby increase the pipeline flow using the same amount of energy.
- Viscosity reducing agents help in the free-flowing of crude oil products, finished products, asphalt-crude, aqueous systems, and multiphase systems. The global petroleum and other petroleum-based liquids are at 100.75 million barrels per day in 2019 from 99.97 million barrels per day in 2018, which shows an increase of about 284.7 million barrels per year and is expected to grow during the forecast period.
- However, due to unprecedented conditions arisen due to the COVID-19 outbreak the consumption of oil & gas will be down by at least 5 million barrels per day due to lockdown in various countries and shut down of travel, tourism, e-commerce, and restaurants are likely to affect the consumption in 2020.
- The growing urbanization and increasing demand for petroleum-based products are expected to drive the market for the viscosity reducing agents during the forecast period.
Browse the Full report description and TOC at:
https://www.marketinsightsreports.com/reports/10192352914/viscosity-reducing-agents-market-growth-trends-and-forecast-2020-2025?Mode=48
The key insights of the Viscosity Reducing Agents Market report:
The report provides key statistics on the market status of the Viscosity Reducing Agents market manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
The report provides a basic overview of the industry including its definition, applications and manufacturing technology.
The Viscosity Reducing Agents market report presents the company profile, product specifications, capacity, production value, and 2015-2021 market shares for key vendors.
The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.
The report estimates 2021-2025 market development trends of Viscosity Reducing Agents
Analysis of upstream raw materials, downstream demand and current market dynamics is also carried out
The report makes some important proposals for a new project of Viscosity Reducing Agents Industry before evaluating its feasibility.
Finally, Viscosity Reducing Agents Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request and market development rate and figure and so on. Automotive Actuators industry report additionally Present new task SWOT examination, speculation attainability investigation, and venture return investigation.
Key points in this report:
– The market estimate (ME) sheet in Excel format
– Report customization as per the client’s requirements
– 3 months of analyst support
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Irfan Tamboli (Head of Sales) – Market Insights Reports
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides Global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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