Market Overview:
The global friction reducers market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X%. The market growth can be attributed to the increasing demand for friction reducers from the oil & gas industry. Based on type, the global friction reducers market has been segmented into oil-soluble and other types. The oil-soluble segment is expected to account for a major share of the global friction reducers market during the forecast period. This can be attributed to its properties such as high thermal stability, low volatility, and resistance against oxidation that make it suitable for use in various applications including lubricants, greases, hydraulic fluids, metalworking fluids (MWF), etc. Based on application, the global friction reducers market has been segmented into oil & gas and other applications. The oil & gas segment is expected to account for a major share of the global friction reducers market during the forecast period.
Product Definition:
A friction reducer is a substance that is applied to an object in order to reduce the amount of friction between that object and another surface. Friction reducers are often used in industrial settings, where they can help machines run more smoothly and with less wear and tear.
Oil-soluble:
Oil-soluble is a colloidal system that consists of solid and liquid components. The oil soluble type has the capability to dissolve in organic oils such as vegetable oils, animal fats, or mineral oils. Oil-soluble friction reducers are used for reducing the surface energy of two interacting surfaces by forming an interface between them. They can be applied to almost all surfaces regardless of their composition and structure including metal, plastic, natural rubbers/latex etc.
Other:
Other is a generic name given to any material other than the standard product or products. It includes all types of additives, fillers and extenders used in the production of lubricants. Other materials include additives such as corrosion inhibitors, anti-foam agents, emulsifiers and dispersants along with solid particles such as graphite among others.
Application Insights:
The other application segment includes food processing, paper & pulp, chemical industry and metalworking. The demand for friction reducers in this segment is expected to witness growth at a CAGR of XX% from 2018 to 2030 owing to the increasing use of oil-free products in various applications including lubrication and reduction gears in the manufacturing sector of China.
The global oil & gas industry has witnessed significant growth over the past few years on account of high petroleum prices and technological advancements coupled with deep-water drilling activities across major economies such as Brazil, Norway China Canada Mexico U.K.
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of major players and well-established oil & gas industry. The region is expected to maintain its dominance over the forecast period as well, with U.S. being at the forefront. Asia Pacific is projected to witness a high growth rate during the forecast period due to rapid industrialization and economic development coupled with increasing government spending on infrastructure development in countries such as China, India, Japan, South Korea and Indonesia among others.
The Middle East & Africa (MEA) accounted for a significant share of revenue generated by other regions in 2017 owing to large oil reserves present across countries such as Saudi Arabia.
Growth Factors:
- Increasing demand from the automotive industry for friction reducers to improve fuel efficiency and reduce emissions.
- Growing demand for friction reducers in industrial applications, such as metalworking, machining, and plastics processing, to improve productivity and product quality.
- Rising awareness of the benefits of using friction reducers among consumers, which is driving their adoption in a wide range of end-use applications.
- Technological advancements that are resulting in the development of new and more effective friction reducer products.
- The increasing use of Friction Reducers by Original Equipment Manufacturers (OEMs) as a key component in their manufacturing processes
Scope Of The Report
Report Attributes
Report Details
Report Title
Friction Reducers Market Research Report
By Type
Oil-soluble, Other
By Application
Oil & Gas, Other
By Companies
BASF, Halliburton, Innospec Oilfield, Rockwater Energy Solutions, Celeritas Chemicals, Di-Corp, Kemira, Rocanda Enterprises, BASF
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
132
Number of Tables & Figures
93
Customization Available
Yes, the report can be customized as per your need.
Global Friction Reducers Market Report Segments:
The global Friction Reducers market is segmented on the basis of:
Types
Oil-soluble, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Oil & Gas, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- BASF
- Halliburton
- Innospec Oilfield
- Rockwater Energy Solutions
- Celeritas Chemicals
- Di-Corp
- Kemira
- Rocanda Enterprises
- BASF
Highlights of The Friction Reducers Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Oil-soluble
- Other
- By Application:
- Oil & Gas
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Friction Reducers Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Friction reducers are a type of lubricant that reduce the friction between two surfaces. This can be helpful in reducing wear and tear on moving parts, as well as improving performance.
Some of the major players in the friction reducers market are BASF, Halliburton, Innospec Oilfield, Rockwater Energy Solutions, Celeritas Chemicals, Di-Corp, Kemira, Rocanda Enterprises, BASF.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Friction Reducers Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Friction Reducers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Friction Reducers Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Friction Reducers Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Friction Reducers Market Size & Forecast, 2018-2028
4.5.1 Friction Reducers Market Size and Y-o-Y Growth
4.5.2 Friction Reducers Market Absolute $ Opportunity
Chapter 5 Global Friction Reducers Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Friction Reducers Market Size Forecast by Type
5.2.1 Oil-soluble
5.2.2 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Friction Reducers Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Friction Reducers Market Size Forecast by Applications
6.2.1 Oil & Gas
6.2.2 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Friction Reducers Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Friction Reducers Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Friction Reducers Analysis and Forecast
9.1 Introduction
9.2 North America Friction Reducers Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Friction Reducers Market Size Forecast by Type
9.6.1 Oil-soluble
9.6.2 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Friction Reducers Market Size Forecast by Applications
9.10.1 Oil & Gas
9.10.2 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Friction Reducers Analysis and Forecast
10.1 Introduction
10.2 Europe Friction Reducers Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Friction Reducers Market Size Forecast by Type
10.6.1 Oil-soluble
10.6.2 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Friction Reducers Market Size Forecast by Applications
10.10.1 Oil & Gas
10.10.2 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Friction Reducers Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Friction Reducers Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Friction Reducers Market Size Forecast by Type
11.6.1 Oil-soluble
11.6.2 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Friction Reducers Market Size Forecast by Applications
11.10.1 Oil & Gas
11.10.2 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Friction Reducers Analysis and Forecast
12.1 Introduction
12.2 Latin America Friction Reducers Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Friction Reducers Market Size Forecast by Type
12.6.1 Oil-soluble
12.6.2 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Friction Reducers Market Size Forecast by Applications
12.10.1 Oil & Gas
12.10.2 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Friction Reducers Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Friction Reducers Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Friction Reducers Market Size Forecast by Type
13.6.1 Oil-soluble
13.6.2 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Friction Reducers Market Size Forecast by Applications
13.10.1 Oil & Gas
13.10.2 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Friction Reducers Market: Competitive Dashboard
14.2 Global Friction Reducers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BASF
14.3.2 Halliburton
14.3.3 Innospec Oilfield
14.3.4 Rockwater Energy Solutions
14.3.5 Celeritas Chemicals
14.3.6 Di-Corp
14.3.7 Kemira
14.3.8 Rocanda Enterprises
14.3.9 BASF
