Market Size of Viscosity Reducing Agents Industry
| Study Period | 2018 - 2028 |
| Market Size (2023) | USD 159.09 Million |
| Market Size (2028) | USD 209.71 Million |
| CAGR (2023 - 2028) | 5.68 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Viscosity Reducing Agents Market Analysis
The Viscosity Reducing Agents Market size is expected to grow from USD 159.09 million in 2023 to USD 209.71 million by 2028, at a CAGR of 5.68% during the forecast period (2023-2028).
Growing demand from the oil & gas industry along with other drives are driving the market. On the flip side, stringent environmental regulations coupled with unfavorable conditions arising due to the COVID-19 outbreak are hindering the market growth.
- The Viscosity Reducing Agents market is expected to grow during the forecast period owing to the growing demand from the oil & gas industry.
- Asia-Pacific region to dominate the market across the globe with the largest consumption from countries such as China and India.
