Drag Reducing Agent Market by Application, Product, and Geography - Forecast and Analysis 2023-2027

Published: Feb 2023 Pages: 163 SKU: IRTNTR44199

Drag Reducing Agent Market Forecast 2023-2027

The drag reducing agent market is estimated to increase by USD 80.73 million between 2022 and 2027, at a CAGR of 5.5%. The growth of the market depends on several factors, including the increasing application of drag-reducing agents in petroleum, friction resistance and other excellent properties, and rising complexity in offshore field operations.

What will be the size of the Drag Reducing Agent Market During the Forecast Period?

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Market Dynamics

The rising complexity in offshore field operations is notably driving the market growth, although factors such as rising investments in electric vehicles may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Market Driver

The rising complexity in offshore field operations is notably driving the market growth. Petroleum companies are engaging in a large number of deepwater and ultra-deepwater petroleum fields. These offshore petroleum, especially deepwater and ultra-deepwater fields, have different characteristics than conventional petroleum fields, which makes it difficult to carry out operations. The harsh operating environment further adds to the complexity of the process, such as refining, transportation, and extraction.

Therefore, the demand for offshore field operations has increased in the petroleum industry. The availability of drag-reducing agents eases the flow of crude oil through pipelines, which improves processes such as refining and pipeline transportation, besides enhancing safety.

Thus, the growing complexity of offshore field operations is expected to contribute significantly to the growth in the oil and gas industry. With new offshore projects expected to rise, the need for drag-reducing agents will increase, which will drive the growth of the market during the forecast period.

Significant Trend

The increasing use of drag-reducing agents in medical applications is the key trend in the market. Drag-reducing agents are proven to be beneficial for blood circulation and helpful in treating cardiovascular diseases. These agents are administered for metastasizing tumor cells. These agents reduce drag in veins and arteries and regularize blood flow. This prevents potential tumor cells from settling down and deprives them of nutrients.

In addition, drag-reducing polymers improve tissue perfusion via the modification of the red blood cell (RBC) traffic in microvessels. Drag-reducing polymers reduce microvascular resistance and improve myocardial perfusion during coronary stenosis. Several applications of drag-reducing agents in the medical field are increasing their popularity in this sector. Therefore, the increasing use of drag-reducing agents in medical applications is expected to positively influence the growth of the market during the forecast period.

Major Challenge

Rising investments in electric vehicles are the major challenge impeding the growth. The EV industry is growing rapidly and sales are becoming large enough to create substantial profit pools for well-positioned investors. Several benefits are associated with the EV sector, for instance, the transition to EVs has the potential to significantly reduce the import bill of crude petroleum due to its reduced demand.

In addition, electric vehicles are environmentally friendly, as the energy is generated from renewable resources. Moreover, switching to electric vehicles can significantly lower operating and maintenance costs for users. Electric vehicles offer lower operating costs than their petrol, diesel, and compressed natural gas (CNG) counterparts, such as two-wheelers, three-wheelers, cars, buses, and trucks.

All of these factors offer various opportunities for investments in the electric vehicle sector. However, with a rising number of investments in the electric vehicle sector, the demand for crude oil is expected to decline, which will indirectly impact the market during the forecast period.

Key Market Customer Landscape

The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Market Customer Landscape

Who are the Major Drag Reducing Agent Market companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

China National Petroleum Corp. - The company operates under one segment. Under this segment, the company offers oilfield services, petroleum engineering and construction, equipment manufacturing, financial services, and new energy development. The company offers drag reducing agents such as EP Series Drag Reducer as its key offerings.

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:

  • Evonik Industries AG
  • Finoric LLC
  • Flowchem
  • Indian Oil Corp. Ltd.
  • Innospec Inc.
  • Jiangyin Huaheng Auxiliary Co. Ltd.
  • KMG Chemicals
  • Monsoon Oilfield Ltd.
  • NuGenTec
  • Oil Flux Americas LLC
  • Specialized Technologies for Industrial Services Co.
  • The Lubrizol Corp.
  • The Zoranoc Oilfield Chemical
  • Weifang Xinchang Chemical Co. Ltd.
  • Partow Ideh Pars Co. P.J.S

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

What is the Fastest-Growing Segment in the Market?

The market share growth of the crude oil segment will be significant during the forecast period. Drag-reducing agents help reduce turbulence in the pipeline of the crude oil mass by rearranging the bonds between atoms in crude oil. This helps in decreasing pressure in the pipeline, which results in a high flow stream at the same pressure. Thus, drag-reducing agents facilitate the continuous flow of the crude oil mass to prevent clogged production wells and flow stream processes.

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The crude oil segment was valued at USD 136.14 million in 2017 and continued to grow until 2021. The benefits of adding drag-reducing agents in crude oil have made them a popular choice in crude oil applications. Leveraging this opportunity, several companies in the market have started offering a wide range of drag-reducing agents for crude oil applications. Thus, the increasing popularity of drag-reducing agents in crude oil applications is expected to drive the growth of this overall market in focus during the forecast period.

Which are the Key Regions for the Market?

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Middle East and Africa is estimated to contribute 35% to the growth of the global market during the forecast period. Another region offering significant growth opportunities to companies is North America. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

In North America, the demand for drag-reducing agents is high in the oil and gas industry. North American countries such as the US and Canada are key oil and gas producers worldwide. Oil and gas production output in both countries has increased significantly, owing to a rise in unconventional exploration and production activities, such as the drilling of shale reserves in the US and oil sands in Canada. Moreover, the US possesses approximately two-thirds of the world's total pipeline network length due to its long history of oil exploration and refining. Fueled by the development of pipelines during the shale oil and gas boom in the US, the market has a strong presence in the region. Therefore, the significant rise in exploration and production activities in unconventional oil and gas sources, such as oil sands and shale in the region and the development of pipelines is responsible for the high demand for drag-reducing agents in the region.

Market Analyst Overview

The Market is witnessing global growth driven by factors like the rise in crude oil consumption and the increasing demand for biofuels. Nano-fluids play a significant role in reducing drag in crude oil pipelines, mitigating turbulent flow and turbulent eddies, which result in energy loss and pressure drop. The market caters to the demand for drag-reducing agents in various sectors, including oil and gas reserves, urbanization, infrastructure development, and industrialization. As per the Energy Information Administration, petrochemical projects are also contributing to the market's expansion. Overall, the market is poised for substantial growth, offering solutions to enhance efficiency and productivity in fluid transportation systems.

Segment Overview

The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

  • Application Outlook (USD Million, 2017 - 2027)
    • Crude oil
    • Chemical transportation
    • Others
  • Product Outlook (USD Million, 2017 - 2027)
    • Polymer
    • Surfactant
    • Others
  • Region Outlook (USD Million, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa
    • APAC
      • China
      • India
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • South America
      • Brazil
      • Argentina 

Drag Reducing Agent Market Scope

Report Coverage

Details

Page number

163

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 5.5%

Market growth 2023-2027

USD 80.73 million

Market structure

Fragmented

YoY growth 2022-2023(%)

5.15

Regional analysis

North America, Middle East and Africa, APAC, Europe, and South America

Performing market contribution

Middle East and Africa at 35%

Key countries

US, Canada, Saudi Arabia, United Arab Emirates, and China

Competitive landscape

 Leading companies, Market Positioning of companies, Competitive Strategies, and Industry Risks

Key companies profiled

Baker Hughes Co., Berkshire Hathaway Inc., China National Petroleum Corp., Deshi Energy Technology Group Co.,Ltd, Dorf Ketal Chemicals India Pvt. Ltd., Evonik Industries AG, Finoric LLC, Flowchem, Indian Oil Corp. Ltd., Innospec Inc., Jiangyin Huaheng Auxiliary Co. Ltd., KMG Chemicals, Monsoon Oilfield Ltd., NuGenTec, Oil Flux Americas LLC, Specialized Technologies for Industrial Services Co., The Lubrizol Corp., The Zoranoc Oilfield Chemical, Weifang Xinchang Chemical Co. Ltd., and Partow Ideh Pars Co. P.J.S

Market dynamics

Parent market analysis, Market forecasting, market growth and trends, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

If our market research report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the market growth and forecasting of the market between 2023 and 2027
  • Precise estimation of the size of the market size and its contribution to the parent market
  • Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
  • Growth of the market industry across Europe, North America, APAC, South America, and Middle East and Africa
  • Thorough market growth analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive market analysis and report on the factors that will challenge the market research and growth of market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global drag reducing agent market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on Global drag reducing agent market 2017 - 2021 ($ million)
    • 4.2 Application Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Application Segment 2017 - 2021 ($ million)
    • 4.3 Product Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Product Segment 2017 - 2021 ($ million)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Application

    • 6.1 Market segments
      • Exhibit 30: Chart on Application - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Application - Market share 2022-2027 (%)
    • 6.2 Comparison by Application
      • Exhibit 32: Chart on Comparison by Application
      • Exhibit 33: Data Table on Comparison by Application
    • 6.3 Crude oil - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Crude oil - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Data Table on Crude oil - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Chart on Crude oil - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Crude oil - Year-over-year growth 2022-2027 (%)
    • 6.4 Chemical transportation - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Chemical transportation - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on Chemical transportation - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on Chemical transportation - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Chemical transportation - Year-over-year growth 2022-2027 (%)
    • 6.5 Others - Market size and forecast 2022-2027
      • Exhibit 42: Chart on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 43: Data Table on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 44: Chart on Others - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on Others - Year-over-year growth 2022-2027 (%)
    • 6.6 Market opportunity by Application
      • Exhibit 46: Market opportunity by Application ($ million)
      • Exhibit 47: Data Table on Market opportunity by Application ($ million)

    7 Market Segmentation by Product

    • 7.1 Market segments
      • Exhibit 48: Chart on Product - Market share 2022-2027 (%)
      • Exhibit 49: Data Table on Product - Market share 2022-2027 (%)
    • 7.2 Comparison by Product
      • Exhibit 50: Chart on Comparison by Product
      • Exhibit 51: Data Table on Comparison by Product
    • 7.3 Polymer - Market size and forecast 2022-2027
      • Exhibit 52: Chart on Polymer - Market size and forecast 2022-2027 ($ million)
      • Exhibit 53: Data Table on Polymer - Market size and forecast 2022-2027 ($ million)
      • Exhibit 54: Chart on Polymer - Year-over-year growth 2022-2027 (%)
      • Exhibit 55: Data Table on Polymer - Year-over-year growth 2022-2027 (%)
    • 7.4 Surfactant - Market size and forecast 2022-2027
      • Exhibit 56: Chart on Surfactant - Market size and forecast 2022-2027 ($ million)
      • Exhibit 57: Data Table on Surfactant - Market size and forecast 2022-2027 ($ million)
      • Exhibit 58: Chart on Surfactant - Year-over-year growth 2022-2027 (%)
      • Exhibit 59: Data Table on Surfactant - Year-over-year growth 2022-2027 (%)
    • 7.5 Others - Market size and forecast 2022-2027
      • Exhibit 60: Chart on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 61: Data Table on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 62: Chart on Others - Year-over-year growth 2022-2027 (%)
      • Exhibit 63: Data Table on Others - Year-over-year growth 2022-2027 (%)
    • 7.6 Market opportunity by Product
      • Exhibit 64: Market opportunity by Product ($ million)
      • Exhibit 65: Data Table on Market opportunity by Product ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 66: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 67: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 68: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 69: Chart on Geographic comparison
      • Exhibit 70: Data Table on Geographic comparison
    • 9.3 North America - Market size and forecast 2022-2027
      • Exhibit 71: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 72: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 73: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 74: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.4 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 75: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 76: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 77: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 78: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.5 APAC - Market size and forecast 2022-2027
      • Exhibit 79: Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 80: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 81: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 82: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.6 Europe - Market size and forecast 2022-2027
      • Exhibit 83: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 84: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 85: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 86: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.7 South America - Market size and forecast 2022-2027
      • Exhibit 87: Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 88: Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 89: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 90: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.8 US - Market size and forecast 2022-2027
      • Exhibit 91: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 92: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 93: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 94: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.9 Saudi Arabia - Market size and forecast 2022-2027
      • Exhibit 95: Chart on Saudi Arabia - Market size and forecast 2022-2027 ($ million)
      • Exhibit 96: Data Table on Saudi Arabia - Market size and forecast 2022-2027 ($ million)
      • Exhibit 97: Chart on Saudi Arabia - Year-over-year growth 2022-2027 (%)
      • Exhibit 98: Data Table on Saudi Arabia - Year-over-year growth 2022-2027 (%)
    • 9.10 United Arab Emirates - Market size and forecast 2022-2027
      • Exhibit 99: Chart on United Arab Emirates - Market size and forecast 2022-2027 ($ million)
      • Exhibit 100: Data Table on United Arab Emirates - Market size and forecast 2022-2027 ($ million)
      • Exhibit 101: Chart on United Arab Emirates - Year-over-year growth 2022-2027 (%)
      • Exhibit 102: Data Table on United Arab Emirates - Year-over-year growth 2022-2027 (%)
    • 9.11 China - Market size and forecast 2022-2027
      • Exhibit 103: Chart on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 104: Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 105: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 106: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.12 Canada - Market size and forecast 2022-2027
      • Exhibit 107: Chart on Canada - Market size and forecast 2022-2027 ($ million)
      • Exhibit 108: Data Table on Canada - Market size and forecast 2022-2027 ($ million)
      • Exhibit 109: Chart on Canada - Year-over-year growth 2022-2027 (%)
      • Exhibit 110: Data Table on Canada - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 111: Market opportunity by geography ($ million)
      • Exhibit 112: Data Tables on Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 113: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 114: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 115: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 116: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 117: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 118: Matrix on vendor position and classification
            • 12.3 Baker Hughes Co.
              • Exhibit 119: Baker Hughes Co. - Overview
              • Exhibit 120: Baker Hughes Co. - Business segments
              • Exhibit 121: Baker Hughes Co. - Key news
              • Exhibit 122: Baker Hughes Co. - Key offerings
              • Exhibit 123: Baker Hughes Co. - Segment focus
            • 12.4 Berkshire Hathaway Inc.
              • Exhibit 124: Berkshire Hathaway Inc. - Overview
              • Exhibit 125: Berkshire Hathaway Inc. - Business segments
              • Exhibit 126: Berkshire Hathaway Inc. - Key news
              • Exhibit 127: Berkshire Hathaway Inc. - Key offerings
              • Exhibit 128: Berkshire Hathaway Inc. - Segment focus
            • 12.5 China National Petroleum Corp.
              • Exhibit 129: China National Petroleum Corp. - Overview
              • Exhibit 130: China National Petroleum Corp. - Product / Service
              • Exhibit 131: China National Petroleum Corp. - Key offerings
            • 12.6 Deshi Energy Technology Group Co.,Ltd
              • Exhibit 132: Deshi Energy Technology Group Co.,Ltd - Overview
              • Exhibit 133: Deshi Energy Technology Group Co.,Ltd - Product / Service
              • Exhibit 134: Deshi Energy Technology Group Co.,Ltd - Key offerings
            • 12.7 Evonik Industries AG
              • Exhibit 135: Evonik Industries AG - Overview
              • Exhibit 136: Evonik Industries AG - Business segments
              • Exhibit 137: Evonik Industries AG - Key news
              • Exhibit 138: Evonik Industries AG - Key offerings
              • Exhibit 139: Evonik Industries AG - Segment focus
            • 12.8 Finoric LLC
              • Exhibit 140: Finoric LLC - Overview
              • Exhibit 141: Finoric LLC - Product / Service
              • Exhibit 142: Finoric LLC - Key offerings
            • 12.9 Flowchem
              • Exhibit 143: Flowchem - Overview
              • Exhibit 144: Flowchem - Product / Service
              • Exhibit 145: Flowchem - Key offerings
            • 12.10 Innospec Inc.
              • Exhibit 146: Innospec Inc. - Overview
              • Exhibit 147: Innospec Inc. - Business segments
              • Exhibit 148: Innospec Inc. - Key news
              • Exhibit 149: Innospec Inc. - Key offerings
              • Exhibit 150: Innospec Inc. - Segment focus
            • 12.11 Monsoon Oilfield Ltd.
              • Exhibit 151: Monsoon Oilfield Ltd. - Overview
              • Exhibit 152: Monsoon Oilfield Ltd. - Product / Service
              • Exhibit 153: Monsoon Oilfield Ltd. - Key offerings
            • 12.12 NuGenTec
              • Exhibit 154: NuGenTec - Overview
              • Exhibit 155: NuGenTec - Product / Service
              • Exhibit 156: NuGenTec - Key offerings
            • 12.13 Oil Flux Americas LLC
              • Exhibit 157: Oil Flux Americas LLC - Overview
              • Exhibit 158: Oil Flux Americas LLC - Product / Service
              • Exhibit 159: Oil Flux Americas LLC - Key offerings
            • 12.14 Partow Ideh Pars Co. P.J.S
              • Exhibit 160: Partow Ideh Pars Co. P.J.S - Overview
              • Exhibit 161: Partow Ideh Pars Co. P.J.S - Product / Service
              • Exhibit 162: Partow Ideh Pars Co. P.J.S - Key offerings
            • 12.15 Specialized Technologies for Industrial Services Co.
              • Exhibit 163: Specialized Technologies for Industrial Services Co. - Overview
              • Exhibit 164: Specialized Technologies for Industrial Services Co. - Product / Service
              • Exhibit 165: Specialized Technologies for Industrial Services Co. - Key offerings
            • 12.16 The Zoranoc Oilfield Chemical
              • Exhibit 166: The Zoranoc Oilfield Chemical - Overview
              • Exhibit 167: The Zoranoc Oilfield Chemical - Product / Service
              • Exhibit 168: The Zoranoc Oilfield Chemical - Key offerings
            • 12.17 Weifang Xinchang Chemical Co. Ltd.
              • Exhibit 169: Weifang Xinchang Chemical Co. Ltd. - Overview
              • Exhibit 170: Weifang Xinchang Chemical Co. Ltd. - Product / Service
              • Exhibit 171: Weifang Xinchang Chemical Co. Ltd. - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 172: Inclusions checklist
                • Exhibit 173: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 174: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 175: Research methodology
                • Exhibit 176: Validation techniques employed for market sizing
                • Exhibit 177: Information sources
              • 13.5 List of abbreviations
                • Exhibit 178: List of abbreviations
              • rate of industrialization: Several products from the global diversified chemicals market are used in various industries, including automotive, polymer modification, chemicals, and consumer goods. The growth of the global diversified chemicals market is highly influenced by the growing rate of industrialization across the world, especially in emerging economies.

                Research Framework

                Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

                INFORMATION SOURCES

                Primary sources

                • Manufacturers and suppliers
                • Channel partners
                • Industry experts
                • Strategic decision makers

                Secondary sources

                • Industry journals and periodicals
                • Government data
                • Financial reports of key industry players
                • Historical data
                • Press releases

                DATA ANALYSIS

                Data Synthesis

                • Collation of data
                • Estimation of key figures
                • Analysis of derived insights

                Data Validation

                • Triangulation with data models
                • Reference against proprietary databases
                • Corroboration with industry experts

                REPORT WRITING

                Qualitative

                • Market drivers
                • Market challenges
                • Market trends
                • Five forces analysis

                Quantitative

                • Market size and forecast
                • Market segmentation
                • Geographical insights
                • Competitive landscape

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                Key Questions Answered

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                • Who are the key market vendors and their growth strategies?
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                • What are the variables influencing the market growth in the primary regions?
                • What are the factors influencing the growth of the parent market?

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