Global Drag Reducing Agent Market Growth 2025-2031

The global Drag Reducing Agent market size is predicted to grow from US$ 647 million in 2025 to US$ 1049 million in 2031; it is expected to grow at a CAGR of 8.4% from 2025 to 2031.

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 key players of Drag Reducing Agent include LiquidPower Specialty Products, Flowchem, Baker Hughes, Innospec, CNPC, etc. The top five players hold a share about 67%. North America is the largest market, and has a share about 64%, followed by Asia-Pacific and Middle East & Africa with share 12% and 12%, separately. In terms of product type, Oil-soluble Drag Reducing Agent is the largest segment, accounting for a share of 91%. In terms of application, Oil & Gas Industry is the largest field with a share about 91 percent.

LP Information, Inc. (LPI) ' newest research report, the “Drag Reducing Agent Industry Forecast” looks at past sales and reviews total world Drag Reducing Agent sales in 2024, providing a comprehensive analysis by region and market sector of projected Drag Reducing Agent sales for 2025 through 2031. 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.

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.

Segmentation by Type:
Oil-soluble Drag Reducing Agent
Water-soluble Drag Reducing Agent

Segmentation by Application:
Oil & Gas Industry
Chemical Transportation
Others

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 analysing the company's coverage, product portfolio, its market penetration.
LiquidPower Specialty Products
Flowchem
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 by Type, by Application?

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