Viscosity
reduction agents have piqued the interest of industry actors committed to
producing and delivering crude oil at a low cost. Due to the production of new
oil and gas resources, the application areas in the viscosity reduction agents
market have been rapidly evolving around the world. The demand for viscosity
reduction chemicals for extracting heavy and extra-heavy oil resources has
grown in recent years in both emerging and developed countries. In the
production and application of crude oil, viscosity reduction agents play a
critical role in the extraction, transportation, and refining processes.
The presence
of condensed poly-aromatic chemicals and heavy metals causes the viscosity. A
rising number of research aimed at determining the structure of resins and
asphaltene in crude oils has aided the crude oil industry in the testing and
development of various chemical additives to reduce viscosity and improve flow
characteristics. The use of these in deep oil wells is a major development that
is boosting the viability of the viscosity
Reducing agents market.
Heavy oils'
viscosity is reduced with viscosity Reducing chemicals, which suspend the oil
droplets in water, reducing friction. Dispersants aid in the deflocculation of
solids, lowering the viscosity of a fluid or semi-solid. As a result, the solid
loading — the amount of dispersible crushed material – increases. Surfactants
are used to reduce the viscosity of sugar propellant formulations in the form
of a solution in water or alcohols. Foam creation agents for culinary foams,
body care, buoyancy, and firefighting, as well as foam prevention agents for
cooling lubricants, printing and coating, industrial cleaning, and liquid
conveying, are all employed with viscosity reduction agents.
Viscosity
Reducing Agents Market Outlook
The most
promising markets for plastic additives makers are predicted to be Asia Pacific
and North America. According to the IBEF, India is the world's seventh largest
chemical producer and Asia's third largest producer. In 2016, the Indian
chemicals industry was worth US$ 139 billion. The overall output of key
chemicals, including petrochemicals, was 23.9 million tonnes in 2015-2016.
Foreign companies such as Akzo Nobel, BASF, ADEKA, Mitsubishi Chemicals
Corporation, Syngenta, DuPont, Henkel, Croda, Wacker Metroark, DyStar, and Rhodla
have invested in the Indian chemicals business. The India Brand Equity
Foundation (IBEF) is a Trust created by the Ministry of Commerce and Industry,
Department of Commerce, in partnership with the Government of India, with the
goal of promoting and raising international awareness of Indian-made goods.
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