Market Size of Viscosity Reducing Agents Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 168.13 Million |
| Market Size (2029) | USD 221.62 Million |
| CAGR (2024 - 2029) | 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 estimated at USD 168.13 million in 2024, and is expected to reach USD 221.62 million by 2029, growing at a CAGR of 5.68% during the forecast period (2024-2029).
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.
