Market Overview:
The global viscosity reducer market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for viscosity reducers in various applications such as food & beverage, chemical industry, pharmaceutical industry, and others. In terms of type, the oil-base segment is expected to dominate the global market during the forecast period.
Product Definition:
A viscosity reducer is a chemical additive that is used to decrease the viscosity of a liquid. This additive can be used in many applications, including paints, coatings, and adhesives. The use of this type of additive can help to improve the flowability and application properties of these liquids.
Oil-Base :
Oil-Base is a viscosity additive, which is added to the base oil during the production process of any lubricant. It has semi-solid form and remains in suspension in the base oil. The Oil-Base contains polyalkylene glycols (PAG), esters, mineral oils & organic acids as its major ingredients.
The global OIL BASED market was valued at USD 2,867 million in 2015.
Water-Base:
Water-based coatings are thinners that are added to a wide variety of materials to make them flowable. They can be water alone or in combination with other liquids such as alcohols, glycol ethers, and ketones among others. The most common use of the product is in the form of emulsion where it is used as a stabilizer for non-volatile components present in oil based paints.
Application Insights:
The others application segment includes paints and coatings, chemical industry, pharmaceutical industry and others. The food & beverage application dominated the global viscosity reducer market in terms of revenue share in 2017. It is also expected to be the fastest-growing segment over the forecast period owing to increasing demand for high-viscosity products from various industries such as oil & gas, chemicals, pharmaceuticals among others.
Viscosity reduces during heating or cooling process which results in increased efficiency of heat transfer compared with conventional boilers or chillers which uses direct contact technology.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rising product demand from various end-use industries, such as food & beverage, pharmaceuticals, and others. China is one of the largest markets for viscosity reducers in Asia Pacific due to presence of numerous chemical manufacturers across the country.
The growing population coupled with rapid urbanization has led to increased consumption of food products; which in turn has boosted product demand across emerging economies such as India and China. Furthermore, increasing foreign direct investments by multinational companies have resulted in availability of advanced technology at reasonable prices; thereby boosting manufacturing activities across these countries resulting into high product demand over the forecast period.
Growth Factors:
- Increasing demand for viscosity reducers in various industries such as automotive, paints and coatings, adhesives and sealants, etc. is driving the growth of the viscosity reducer market.
- Growing awareness about the benefits of using viscosity reducers is also propelling the growth of this market.
- The increasing use of synthetic fluids in place of mineral oils is providing a major impetus to the growth of this market.
- Rising demand from emerging economies such as China and India is contributing significantly to the growth of this market.
Scope Of The Report
Report Attributes
Report Details
Report Title
Viscosity Reducer Market Research Report
By Type
Oil-Base , Water-Base
By Application
Food & Beverage, Chemical Industry, Pharmaceutical Industry, Others
By Companies
Thermax, Rakiro, NuGeneration Technologies, Pon Pure Chemicals, Cangzhou Xinchang Chemical Corporation, Puyuan Honestar MF, Tianjin Hero-Land S&T Development, Shandong Shenyu Mechanical Manufacture, Rutland Group, Changzhou Jiahua Chemical, Guangzhou Print Area Technology, Chemical Centre (India), Lidegao Science & Technology, Srivilas Hydrotech, Rajukesh Industries
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
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global Viscosity Reducer Market Report Segments:
The global Viscosity Reducer market is segmented on the basis of:
Types
Oil-Base , Water-Base
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
Food & Beverage, Chemical Industry, Pharmaceutical Industry, Others
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:
- Thermax
- Rakiro
- NuGeneration Technologies
- Pon Pure Chemicals
- Cangzhou Xinchang Chemical Corporation
- Puyuan Honestar MF
- Tianjin Hero-Land S&T Development
- Shandong Shenyu Mechanical Manufacture
- Rutland Group
- Changzhou Jiahua Chemical
- Guangzhou Print Area Technology
- Chemical Centre (India)
- Lidegao Science & Technology
- Srivilas Hydrotech
- Rajukesh Industries
Highlights of The Viscosity Reducer 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-BaseÂ
- Water-Base
- By Application:
- Food & Beverage
- Chemical Industry
- Pharmaceutical Industry
- Others
- 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 Viscosity Reducer 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?
A viscosity reducer is a substance that reduces the viscosity of a fluid. Viscosity reducers can be found in many different forms, including liquids, gels, and pastes. They are often used in industrial and commercial applications to make products more fluid or to reduce friction between surfaces.
Some of the major players in the viscosity reducer market are Thermax, Rakiro, NuGeneration Technologies, Pon Pure Chemicals, Cangzhou Xinchang Chemical Corporation, Puyuan Honestar MF, Tianjin Hero-Land S&T Development, Shandong Shenyu Mechanical Manufacture, Rutland Group, Changzhou Jiahua Chemical, Guangzhou Print Area Technology, Chemical Centre (India), Lidegao Science & Technology, Srivilas Hydrotech, Rajukesh Industries.
The viscosity reducer market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Viscosity Reducer Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Viscosity Reducer Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Viscosity Reducer Market - Supply Chain
4.5. Global Viscosity Reducer Market Forecast
4.5.1. Viscosity Reducer Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Viscosity Reducer Market Size (000 Units) and Y-o-Y Growth
4.5.3. Viscosity Reducer Market Absolute $ Opportunity
5. Global Viscosity Reducer Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Viscosity Reducer Market Size and Volume Forecast by Type
5.3.1. Oil-Base
5.3.2. Water-Base
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Viscosity Reducer Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Viscosity Reducer Market Size and Volume Forecast by Application
6.3.1. Food & Beverage
6.3.2. Chemical Industry
6.3.3. Pharmaceutical Industry
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Viscosity Reducer Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Viscosity Reducer Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Viscosity Reducer Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Viscosity Reducer Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Viscosity Reducer Demand Share Forecast, 2019-2026
9. North America Viscosity Reducer Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Viscosity Reducer Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Viscosity Reducer Market Size and Volume Forecast by Application
9.4.1. Food & Beverage
9.4.2. Chemical Industry
9.4.3. Pharmaceutical Industry
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Viscosity Reducer Market Size and Volume Forecast by Type
9.7.1. Oil-Base
9.7.2. Water-Base
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Viscosity Reducer Demand Share Forecast, 2019-2026
10. Latin America Viscosity Reducer Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Viscosity Reducer Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Viscosity Reducer Market Size and Volume Forecast by Application
10.4.1. Food & Beverage
10.4.2. Chemical Industry
10.4.3. Pharmaceutical Industry
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Viscosity Reducer Market Size and Volume Forecast by Type
10.7.1. Oil-Base
10.7.2. Water-Base
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Viscosity Reducer Demand Share Forecast, 2019-2026
11. Europe Viscosity Reducer Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Viscosity Reducer Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Viscosity Reducer Market Size and Volume Forecast by Application
11.4.1. Food & Beverage
11.4.2. Chemical Industry
11.4.3. Pharmaceutical Industry
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Viscosity Reducer Market Size and Volume Forecast by Type
11.7.1. Oil-Base
11.7.2. Water-Base
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Viscosity Reducer Demand Share, 2019-2026
12. Asia Pacific Viscosity Reducer Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Viscosity Reducer Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Viscosity Reducer Market Size and Volume Forecast by Application
12.4.1. Food & Beverage
12.4.2. Chemical Industry
12.4.3. Pharmaceutical Industry
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Viscosity Reducer Market Size and Volume Forecast by Type
12.7.1. Oil-Base
12.7.2. Water-Base
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Viscosity Reducer Demand Share, 2019-2026
13. Middle East & Africa Viscosity Reducer Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Viscosity Reducer Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Viscosity Reducer Market Size and Volume Forecast by Application
13.4.1. Food & Beverage
13.4.2. Chemical Industry
13.4.3. Pharmaceutical Industry
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Viscosity Reducer Market Size and Volume Forecast by Type
13.7.1. Oil-Base
13.7.2. Water-Base
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Viscosity Reducer Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Viscosity Reducer Market: Market Share Analysis
14.2. Viscosity Reducer Distributors and Customers
14.3. Viscosity Reducer Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Thermax
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Rakiro
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. NuGeneration Technologies
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Pon Pure Chemicals
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Cangzhou Xinchang Chemical Corporation
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Puyuan Honestar MF
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Tianjin Hero-Land S&T Development
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Shandong Shenyu Mechanical Manufacture
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Rutland Group
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Changzhou Jiahua Chemical
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Guangzhou Print Area Technology
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Chemical Centre (India)
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Lidegao Science & Technology
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Srivilas Hydrotech
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Rajukesh Industries
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
