Global Drag Reducing Agent for Oil Gas Market Research Report 2023(Status and Outlook)

Global Drag Reducing Agent for Oil Gas Market Research Report 2023(Status and Outlook)

Report Overview

Drag reducers, also known as drag reducing agents (DRA) and flow improvers, are any material that reduces frictional pressure loss during fluid flow in a conduit or pipeline. Pressure loss reduction is achieved by reducing the level of turbulent motion in the flow. Using DRA allows increased flow using the same amount of energy or decreased pressure drop for the same flow rate of fluid in pipelines.

Global Drag Reducing Agent for Oil & Gas key players include LiquidPower Specialty Products, Flowchem, GE(Baker Hughes), Innospec, Oil Flux Americas, etc.

North America is the largest market, with a share over 40%, followed by Europe and Asia-Pacific, both have a share over 35 percent.

In terms of product, Low Viscosity Glue is the largest segment, with a share about 60%. And in terms of application, the largest application is Gas Transportation, followed by Oil Transportation.

The Global Drag Reducing Agent for Oil Gas Market Size was estimated at USD 1010.00 million in 2022 and is projected to reach USD 1955.71 million by 2029, exhibiting a CAGR of 9.90% during the forecast period.

Bosson Research’s latest report provides a deep insight into the global Drag Reducing Agent for Oil Gas market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc.

The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Drag Reducing Agent for Oil Gas Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.

In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Drag Reducing Agent for Oil Gas market in any manner.

Global Drag Reducing Agent for Oil Gas Market: Market Segmentation Analysis

The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.

Key Company

LiquidPower Specialty Products

Flowchem

GE(Baker Hughes)

Innospec

Oil Flux Americas

NuGenTec

Sino Oil King Shine Chemical

DESHI

Qflo

Superchem Technology

The Zoranoc Oilfield Chemical

CNPC

Market Segmentation (by Type)

High Viscosity Glue

Low Viscosity Glue

Rubber Latex

Market Segmentation (by Application)

Cattle

Pig

Sheep & Goat

Other

Geographic Segmentation

North America (USA, Canada, Mexico)

Europe (Germany, UK, France, Russia, Italy, Rest of Europe)

Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)

South America (Brazil, Argentina, Columbia, Rest of South America)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

Key Benefits of This Market Research:

Industry drivers, restraints, and opportunities covered in the study

Neutral perspective on the market performance

Recent industry trends and developments

Competitive landscape & strategies of key players

Potential & niche segments and regions exhibiting promising growth covered

Historical, current, and projected market size, in terms of value

In-depth analysis of the Drag Reducing Agent for Oil Gas Market

Overview of the regional outlook of the Drag Reducing Agent for Oil Gas Market:

Key Reasons to Buy this Report:

Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change

This enables you to anticipate market changes to remain ahead of your competitors