Global Drag Reducing Agent Market Growth 2023-2029

Global Drag Reducing Agent Market Growth 2023-2029

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.

LPI (LP Information)' newest research report, the “Drag Reducing Agent Industry Forecast” looks at past sales and reviews total world Drag Reducing Agent sales in 2022, providing a comprehensive analysis by region and market sector of projected Drag Reducing Agent sales for 2023 through 2029. With Drag Reducing Agent sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Drag Reducing Agent industry.

This Insight Report provides a comprehensive analysis of the global Drag Reducing Agent landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Drag Reducing Agent portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Drag Reducing Agent market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Drag Reducing Agent and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Drag Reducing Agent.

The global Drag Reducing Agent market size is projected to grow from US$ 1178.7 million in 2022 to US$ 2073.4 million in 2029; it is expected to grow at a CAGR of 2073.4 from 2023 to 2029.

The technical barrier of drag reducing agent is high, and dominated by certain companies, such as LiquidPower Specialty Products, Baker Hughes, Flowchem, Innospec, Oil Flux Americas and NuGenTec, with about 72% market shares.

As for consumption, the largest consumption volume comes from the North America region. The region consumed about 40.48% drag reducing agent globally.

This report presents a comprehensive overview, market shares, and growth opportunities of Drag Reducing Agent market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

High Viscosity Glue

Low Viscosity Glue

Rubber Latex

Segmentation by application

Oil & Gas Industry

Chemical Transportation

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

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

Key Questions Addressed in this Report

What is the 10-year outlook for the global Drag Reducing Agent market?

What factors are driving Drag Reducing Agent market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Drag Reducing Agent market opportunities vary by end market size?

How does Drag Reducing Agent break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.