Viscosity Reducing Agents Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The market is segmented by Type (Drag Reducing Agents, Surfactants & Additives, Dispersing Agents, and Others), by End-user Industry (Oil & Gas, Paints & Coatings, Plastics, and Other Manufacturing Industries), and by Geography (Asia-Pacific, North America, Europe, South America, Middle-East, and Africa)

Viscosity Reducing Agents Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Viscosity Reducing Agents Market Size

viscosity reducing agents market
Study Period 2019 - 2030
Market Size (2025) USD 177.68 Million
Market Size (2030) USD 234.21 Million
CAGR (2025 - 2030) 5.68 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration Low

Major Players

viscosity reducing agents market size

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Viscosity Reducing Agents Market with other markets in Chemicals & Materials Industry

Plastics, Polymers, and Elastomers

Adhesives and Sealants

Commodity Chemicals

Water and Wastewater Treatment

Advanced Materials

Construction Chemicals and Materials

Viscosity Reducing Agents Market Analysis

The Viscosity Reducing Agents Market size is estimated at USD 177.68 million in 2025, and is expected to reach USD 234.21 million by 2030, at a CAGR of 5.68% during the forecast period (2025-2030).

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.

Asia-Pacific Region to Dominate the Market

  • The Asia-Pacific region is expected to dominate the market for viscosity reducing agents during the forecast period due to an increase in demand from countries like China and India.
  • The growing crude-oil consumption in countries like India and China is expected to drive the market during the forecast period. Globally, India is the third-largest consumer of crude oil and petroleum products after China and the United States, with the second-largest refinery in Asia after China. The Indian petroleum import value is about USD 112 billion in 2019 with a 27% growth from the financial year 2018. The growing consumption from the transportation sector, and liquified petroleum gas from residential and commercial complexes are expected to drive the market.
  • In China, crude oil consumption is at 14.5 million barrels per day in 2019 from about 13.5 million barrels per day in 2018. In addition to that, China's refinery capacity is increased by 1 million barrels per day in 2019. The growing consumption in China is expected to drive the market.
  • In paints & coatings, the dispersing agents deflocculates solids, thereby reducing the viscosity of dispersion and increasing the loading of dispersed powder material. The dispersing phase is the most energy consuming stage and dispersing agents help in increasing stability and optimize energy consumption. The growing paints and coatings are expected to drive the market.
  • The aforementioned factors, coupled with government support, are contributing to the increasing demand for viscosity reducing agents market in the Asia-Pacific during the forecast period.
viscosity reducing agents market report

Viscosity Reducing Agents Industry Overview

The global viscosity reducing agents market is partially fragmented with players accounting for a marginal share of the market. Few companies include BYK-CHEMIE GMBH, LiquidPower Specialty Products Inc., Innospec, Oil Flux, and BASF SE.

Viscosity Reducing Agents Market Leaders

  1. BYK-CHEMIE GMBH

  2. LiquidPower Specialty Products Inc.

  3. Innospec

  4. Oil Flux

  5. BASF SE

  6. *Disclaimer: Major Players sorted in no particular order
Alberta Treating Chemicals LTD, ARKEMA Group, Baker Hughes Company, BASF SE, BYK-CHEMIE GMBH, CHINAFLOC, Ecolab
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Viscosity Reducing Agents Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Drivers
    • 4.1.1 Growing Demand From the Oil & Gas Industry
    • 4.1.2 Other Drivers
  • 4.2 Restraints
    • 4.2.1 Stringent Environmental Regulations
    • 4.2.2 Unfavourable Conditions Arising Due to the COVID-19 Outbreak
  • 4.3 Industry Value Chain Analysis
  • 4.4 Porters Five Forces Analysis
    • 4.4.1 Bargaining Power of Suppliers
    • 4.4.2 Bargaining Power of Consumers
    • 4.4.3 Threat of New Entrants
    • 4.4.4 Threat of Substitute Products and Services
    • 4.4.5 Degree of Competition

5. MARKET SEGMENTATION

  • 5.1 Type
    • 5.1.1 Drag Reducing Agents
    • 5.1.2 Surfactants & Additives
    • 5.1.3 Dispersing Agents
    • 5.1.4 Others
  • 5.2 End-user Industry
    • 5.2.1 Oil & Gas
    • 5.2.2 Paints & Coatings
    • 5.2.3 Plastics
    • 5.2.4 Other Manufacturing Industries
  • 5.3 Geography
    • 5.3.1 Asia-Pacific
    • 5.3.1.1 China
    • 5.3.1.2 India
    • 5.3.1.3 Japan
    • 5.3.1.4 South Korea
    • 5.3.1.5 Rest of Asia-Pacific
    • 5.3.2 North America
    • 5.3.2.1 United States
    • 5.3.2.2 Canada
    • 5.3.2.3 Mexico
    • 5.3.3 Europe
    • 5.3.3.1 Germany
    • 5.3.3.2 United Kingdom
    • 5.3.3.3 Italy
    • 5.3.3.4 France
    • 5.3.3.5 Rest of Europe
    • 5.3.4 South America
    • 5.3.4.1 Brazil
    • 5.3.4.2 Argentina
    • 5.3.4.3 Rest of South America
    • 5.3.5 Middle-East and Africa
    • 5.3.5.1 Saudi Arabia
    • 5.3.5.2 South Africa
    • 5.3.5.3 Rest of Middle-East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Market Share Analysis**
  • 6.3 Strategies Adopted by Leading Players
  • 6.4 Company Profiles
    • 6.4.1 Alberta Treating Chemicals LTD.
    • 6.4.2 ARKEMA Group
    • 6.4.3 Baker Hughes Company
    • 6.4.4 BASF SE
    • 6.4.5 BYK-CHEMIE GMBH
    • 6.4.6 CHINAFLOC
    • 6.4.7 Ecolab
    • 6.4.8 Innospec
    • 6.4.9 LiquidPower Specialty Products Inc.
    • 6.4.10 NuGenTecx
    • 6.4.11 Oil Flux
    • 6.4.12 Qflo
    • 6.4.13 The Lubrizol Corporation
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  • 7.1 Growing Demand Due from Emerging Economies
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Viscosity Reducing Agents Industry Segmentation

The Viscosity Reducing Agents Market report include:

Type Drag Reducing Agents
Surfactants & Additives
Dispersing Agents
Others
End-user Industry Oil & Gas
Paints & Coatings
Plastics
Other Manufacturing Industries
Geography Asia-Pacific China
India
Japan
South Korea
Rest of Asia-Pacific
North America United States
Canada
Mexico
Europe Germany
United Kingdom
Italy
France
Rest of Europe
South America Brazil
Argentina
Rest of South America
Middle-East and Africa Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Viscosity Reducing Agents Market Research FAQs

How big is the Viscosity Reducing Agents Market?

The Viscosity Reducing Agents Market size is expected to reach USD 177.68 million in 2025 and grow at a CAGR of 5.68% to reach USD 234.21 million by 2030.

What is the current Viscosity Reducing Agents Market size?

In 2025, the Viscosity Reducing Agents Market size is expected to reach USD 177.68 million.

Who are the key players in Viscosity Reducing Agents Market?

BYK-CHEMIE GMBH, LiquidPower Specialty Products Inc., Innospec, Oil Flux and BASF SE are the major companies operating in the Viscosity Reducing Agents Market.

Which is the fastest growing region in Viscosity Reducing Agents Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Viscosity Reducing Agents Market?

In 2025, the Asia Pacific accounts for the largest market share in Viscosity Reducing Agents Market.

What years does this Viscosity Reducing Agents Market cover, and what was the market size in 2024?

In 2024, the Viscosity Reducing Agents Market size was estimated at USD 167.59 million. The report covers the Viscosity Reducing Agents Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Viscosity Reducing Agents Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

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Viscosity Reducing Agents Industry Report

Statistics for the 2025 Viscosity Reducing Agents market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Viscosity Reducing Agents analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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