Friction Reducers Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025
- Transparency Market Research
Global Friction Reducers Market: Brief Overview
The global friction reducers market is primarily driven by its high use in hydraulic fracturing within the oil industry. Friction reducers are primarily used in the oil and gas industry and is also finding extensive use in the automobile industry, thus driving its demand. Another important factor which is pushing the demand for friction reducers is the fact that it can help reduce the wastage of freshwater. Friction reducers are thus environmentally friendly and supports the policies and regulations set by government and other environmental bodies. With increasing water scarcity, finding a solution which minimizes water wattage is becoming an important factor behind the high demand for friction reducers worldwide. All these factors are leading to a heightened use of friction reducers within the oil and gas industry.
Apart from the oil and gas industry, friction reducers are also used in the automobile industry. Friction reducers allow the extension of the life of automobile engines. The mechanical life of automobile engines is prolonged in the sense that the use of friction reducer reduces the metal to metal wear.
With increasing hydraulic fracturing of the shale oil and gas reserves it is expected that the demand for friction reducers will increase worldwide. All these factors are expected to ensure a positive growth of the global friction reducers market in the period from 2017 to 2025.
Global Friction Reducers: Market Trends And Opportunities
Among the different types of friction reducers such as anionic synthetic polymers, non anionic synthetic polymers, cationic friction reducers, synthetic polymers, and Guar, there is a high demand for synthetic anionic polymers. This high demand is majorly on account of the use for hydraulic stimulation in shale gas, tight gas reservoir, and other tight formations. However, synthetic and ionic polymers are unsuitable in highly ionic systems as cations can significantly bring about a reduction in their efficiency. Since the cost of cationic friction reducers is considerably high, the conventional anionic type friction reducer is used increasingly and is in much demand.
Global Friction Reducers: Market Geographical Analysis
On the basis of geography, the global friction reducers market is segmented into Latin America, North America, the Middle East in Africa, Europe, and Asia Pacific. Among all these regions, North America is currently leading in the global friction reducers market. The advancements in horizontal drilling, availability of abundant water for fracking, hydraulic fracking, and mineral rights licensing are some of the important factors which have helped North America's development of shale gas and oil reserves. This has subsequently benefited the North American friction reducers market. The main reason why friction reducers are being used extensively in the oilfield stimulation chemicals market is because they help in promoting laminar flow in pipe which decreases friction pressure during the pumping of low viscosity and slick water type fracture treatments.
While North America is leading in terms of value, Asia Pacific is also witnessing rapid growth in the friction reducers market. In addition to these two regions, the friction reducers market is also expected to do well in Latin America, Europe, and the Middle East and Africa. All these three regions are expected to witness a healthy expansion within the friction reducers market between 2017 and 2025.
Global Friction Reducers Market: Companies Mentioned
Condat SA, FTS International Services LLC, Shrieve Chemical Company, BASF SE, Baker Hughes Inc., SNF Holding Company, and Di-Corp are some of the prominent companies operating in the global friction reducers industry.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
Have query on this report?Make an Enquiry
The team was the biggest help to us. Not only were we provided with customized solutions but also we were guided through the most complicated situations. The information was on-point yet comprehensive. The experience was absolutely satisfying and helped us turn many challenges into opportunities.
Ours is a startup with a unique set of challenges and we were therefore hesitant but the team totally put us at ease with their knowledge and expertise. Our business and its challenges were understood perfectly and help was extended accordingly. The tailor made approach really helped us gain the most informative insights.
The report repository is absolutely impressive –updated and exhaustive in terms of markets covered and information provides. Besides, with the support extended to us by the team, we could reduce costs as well as move to sustainable growth. This really helped us tap into new opportunities. Happy to have gone ahead with ResearchMos.us.
We have had a long term engagement with ResearchMoz.us and never have we felt that the work done and help extended were below flawless. The report repository is one of the best one can hope to tap into. Recently, our partner businesses opted for consultancy services and they are all thrilled with the outcome.
Insights from reports helped us improve our profit margins significantly. Most of the knowledge we needed on the market were provided to us on a granular basis. From trends, and drivers to competitive analysis, the information was not just crisp but also insightful. That helped us chart a robust growth strategy and as of now we are happy to state that we are reaping big benefits.
More from Chemicals
ChemicalsChinese Markets for Container Coatings
ChemicalsChinese Markets for Antioxidants
ChemicalsChinese Markets for Silicone Coatings
ChemicalsChinese Markets for Absorbents
Chemicals and MaterialsGlobal Market Study on Sodium Cyanide: Upswing in Mining Activities Boosting Sales Prospects