Global Viscoelastic Surfactant Market Witness To Grow At 9.2% CAGR Between 2018-2022

Date: 2018-03-14

Viscoelasticity is the property of materials that exhibit both viscous and elastic characteristics when undergoing deformation. Viscoelastic Surfactant materials, like honey, resist shear flow and strain linearly with time when a stress is applied.

Recent developments in viscoelastic surfactants have expanded application of these unique materials in new and challenging environments. The increase in the demand for fracturing subterranean formations penetrated by a wellbore in oilfield industry is expected to drive the global Viscoelastic Surfactant market, according to research, the global Viscoelastic Surfactant market is witness to grow at a CAGR of 9.2% between 2018-2022.

Base on applications, Viscoelastic surfactants have been developed that provide both low IFT and high viscosity in injection fluids Unlike polymers, viscoelastic surfactants are not permanently degraded by high shear. Also, unlike polymers their viscosity building characteristics are not reduced by high electrolyte concentrations.

Geographically, the growing demand for the oil globally especially in the Asia Pacific is expected to grow at the fast CAGR for the forecast period driven by the demand for the oilfield market. North America is expected to be the one of the largest consumers of Viscoelastic surfactants, followed by Europe. 

Global top Viscoelastic Surfactant manufacturers such as Air Products and Chemicals, Inc., BASF, Akzonobel N.V., Stepan Company, Pilot Chemical, Solvay, The Lubrizol Corporation, Lonza Company, Huntsman Corporation and Clariant Corporation among others.

Global Viscoelastic Surfactant market share by region as following:

Read Full Report: http://www.gosreports.com/global-viscoelastic-surfactant-market-research-report-2017/

Joanna | Executive – International Business and partner Relations
E-mail: info@gosreports.com | Tel: 510-400-8520
Web: www.gosreports.com
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