Global Drag Reducing Agent Market Growth 2024-2030

Publication ID:

LPI01240663

Publication Date:

January 4, 2024

Pages:

115

Publisher:

LPI

Countries:

Global [1]

USD 3,660.00

Manufacturing (Chemicals) [2]

Chemicals [3]

Description:

The global Drag Reducing Agent market size was valued at US$ 1178.7 million in 2023. With growing demand in downstream market, the Drag Reducing Agent is forecast to a readjusted size of US$ 2073.4 million by 2030 with a CAGR of 8.4% during review period.
The research report highlights the growth potential of the global Drag Reducing Agent market. Drag Reducing Agent are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Drag Reducing Agent. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Drag Reducing Agent market.
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.
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.
Key Features:
The report on Drag Reducing Agent market reflects various aspects and provide valuable insights into the industry.
Market Size and Growth: The research report provide an overview of the current size and growth of the Drag Reducing Agent market. It may include historical data, market segmentation by Type (e.g., High Viscosity Glue, Low Viscosity Glue), and regional breakdowns.
Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Drag Reducing Agent market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.
Competitive Landscape: The research report provides analysis of the competitive landscape within the Drag Reducing Agent market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.
Technological Developments: The research report can delve into the latest technological developments in the Drag Reducing Agent industry. This include advancements in Drag Reducing Agent technology, Drag Reducing Agent new entrants, Drag Reducing Agent new investment, and other innovations that are shaping the future of Drag Reducing Agent.
Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Drag Reducing Agent market. It includes factors influencing customer ' purchasing decisions, preferences for Drag Reducing Agent product.
Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Drag Reducing Agent market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Drag Reducing Agent market. The report also evaluates the effectiveness of these policies in driving market growth.
Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Drag Reducing Agent market.
Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Drag Reducing Agent industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.
Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Drag Reducing Agent market.
Market Segmentation:
Drag Reducing Agent market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.
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?

Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.

Table Of Contents:

1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Drag Reducing Agent Annual Sales 2019-2030
2.1.2 World Current & Future Analysis for Drag Reducing Agent by Geographic Region, 2019, 2023 & 2030
2.1.3 World Current & Future Analysis for Drag Reducing Agent by Country/Region, 2019, 2023 & 2030
2.2 Drag Reducing Agent Segment by Type
2.2.1 High Viscosity Glue
2.2.2 Low Viscosity Glue
2.2.3 Rubber Latex
2.3 Drag Reducing Agent Sales by Type
2.3.1 Global Drag Reducing Agent Sales Market Share by Type (2019-2024)
2.3.2 Global Drag Reducing Agent Revenue and Market Share by Type (2019-2024)
2.3.3 Global Drag Reducing Agent Sale Price by Type (2019-2024)
2.4 Drag Reducing Agent Segment by Application
2.4.1 Oil & Gas Industry
2.4.2 Chemical Transportation
2.5 Drag Reducing Agent Sales by Application
2.5.1 Global Drag Reducing Agent Sale Market Share by Application (2019-2024)
2.5.2 Global Drag Reducing Agent Revenue and Market Share by Application (2019-2024)
2.5.3 Global Drag Reducing Agent Sale Price by Application (2019-2024)
3 Global Drag Reducing Agent by Company
3.1 Global Drag Reducing Agent Breakdown Data by Company
3.1.1 Global Drag Reducing Agent Annual Sales by Company (2019-2024)
3.1.2 Global Drag Reducing Agent Sales Market Share by Company (2019-2024)
3.2 Global Drag Reducing Agent Annual Revenue by Company (2019-2024)
3.2.1 Global Drag Reducing Agent Revenue by Company (2019-2024)
3.2.2 Global Drag Reducing Agent Revenue Market Share by Company (2019-2024)
3.3 Global Drag Reducing Agent Sale Price by Company
3.4 Key Manufacturers Drag Reducing Agent Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers Drag Reducing Agent Product Location Distribution
3.4.2 Players Drag Reducing Agent Products Offered
3.5 Market Concentration Rate Analysis
3.5.1 Competition Landscape Analysis
3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2019-2024)
3.6 New Products and Potential Entrants
3.7 Mergers & Acquisitions, Expansion
4 World Historic Review for Drag Reducing Agent by Geographic Region
4.1 World Historic Drag Reducing Agent Market Size by Geographic Region (2019-2024)
4.1.1 Global Drag Reducing Agent Annual Sales by Geographic Region (2019-2024)
4.1.2 Global Drag Reducing Agent Annual Revenue by Geographic Region (2019-2024)
4.2 World Historic Drag Reducing Agent Market Size by Country/Region (2019-2024)
4.2.1 Global Drag Reducing Agent Annual Sales by Country/Region (2019-2024)
4.2.2 Global Drag Reducing Agent Annual Revenue by Country/Region (2019-2024)
4.3 Americas Drag Reducing Agent Sales Growth
4.4 APAC Drag Reducing Agent Sales Growth
4.5 Europe Drag Reducing Agent Sales Growth
4.6 Middle East & Africa Drag Reducing Agent Sales Growth
5 Americas
5.1 Americas Drag Reducing Agent Sales by Country
5.1.1 Americas Drag Reducing Agent Sales by Country (2019-2024)
5.1.2 Americas Drag Reducing Agent Revenue by Country (2019-2024)
5.2 Americas Drag Reducing Agent Sales by Type
5.3 Americas Drag Reducing Agent Sales by Application
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Drag Reducing Agent Sales by Region
6.1.1 APAC Drag Reducing Agent Sales by Region (2019-2024)
6.1.2 APAC Drag Reducing Agent Revenue by Region (2019-2024)
6.2 APAC Drag Reducing Agent Sales by Type
6.3 APAC Drag Reducing Agent Sales by Application
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 China Taiwan
7 Europe
7.1 Europe Drag Reducing Agent by Country
7.1.1 Europe Drag Reducing Agent Sales by Country (2019-2024)
7.1.2 Europe Drag Reducing Agent Revenue by Country (2019-2024)
7.2 Europe Drag Reducing Agent Sales by Type
7.3 Europe Drag Reducing Agent Sales by Application
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Drag Reducing Agent by Country
8.1.1 Middle East & Africa Drag Reducing Agent Sales by Country (2019-2024)
8.1.2 Middle East & Africa Drag Reducing Agent Revenue by Country (2019-2024)
8.2 Middle East & Africa Drag Reducing Agent Sales by Type
8.3 Middle East & Africa Drag Reducing Agent Sales by Application
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Manufacturing Cost Structure Analysis
10.1 Raw Material and Suppliers
10.2 Manufacturing Cost Structure Analysis of Drag Reducing Agent
10.3 Manufacturing Process Analysis of Drag Reducing Agent
10.4 Industry Chain Structure of Drag Reducing Agent
11 Marketing, Distributors and Customer
11.1 Sales Channel
11.1.1 Direct Channels
11.1.2 Indirect Channels
11.2 Drag Reducing Agent Distributors
11.3 Drag Reducing Agent Customer
12 World Forecast Review for Drag Reducing Agent by Geographic Region
12.1 Global Drag Reducing Agent Market Size Forecast by Region
12.1.1 Global Drag Reducing Agent Forecast by Region (2025-2030)
12.1.2 Global Drag Reducing Agent Annual Revenue Forecast by Region (2025-2030)
12.2 Americas Forecast by Country
12.3 APAC Forecast by Region
12.4 Europe Forecast by Country
12.5 Middle East & Africa Forecast by Country
12.6 Global Drag Reducing Agent Forecast by Type
12.7 Global Drag Reducing Agent Forecast by Application
13 Key Players Analysis
13.1 LiquidPower Specialty Products
13.1.1 LiquidPower Specialty Products Company Information
13.1.2 LiquidPower Specialty Products Drag Reducing Agent Product Portfolios and Specifications
13.1.3 LiquidPower Specialty Products Drag Reducing Agent Sales, Revenue, Price and Gross Margin (2019-2024)
13.1.4 LiquidPower Specialty Products Main Business Overview
13.1.5 LiquidPower Specialty Products Latest Developments
13.2 Flowchem
13.2.1 Flowchem Company Information
13.2.2 Flowchem Drag Reducing Agent Product Portfolios and Specifications
13.2.3 Flowchem Drag Reducing Agent Sales, Revenue, Price and Gross Margin (2019-2024)
13.2.4 Flowchem Main Business Overview
13.2.5 Flowchem Latest Developments
13.3 GE(Baker Hughes)
13.3.1 GE(Baker Hughes) Company Information
13.3.2 GE(Baker Hughes) Drag Reducing Agent Product Portfolios and Specifications
13.3.3 GE(Baker Hughes) Drag Reducing Agent Sales, Revenue, Price and Gross Margin (2019-2024)
13.3.4 GE(Baker Hughes) Main Business Overview
13.3.5 GE(Baker Hughes) Latest Developments
13.4 Innospec
13.4.1 Innospec Company Information
13.4.2 Innospec Drag Reducing Agent Product Portfolios and Specifications
13.4.3 Innospec Drag Reducing Agent Sales, Revenue, Price and Gross Margin (2019-2024)
13.4.4 Innospec Main Business Overview
13.4.5 Innospec Latest Developments
13.5 Oil Flux Americas
13.5.1 Oil Flux Americas Company Information
13.5.2 Oil Flux Americas Drag Reducing Agent Product Portfolios and Specifications
13.5.3 Oil Flux Americas Drag Reducing Agent Sales, Revenue, Price and Gross Margin (2019-2024)
13.5.4 Oil Flux Americas Main Business Overview
13.5.5 Oil Flux Americas Latest Developments
13.6 NuGenTec
13.6.1 NuGenTec Company Information
13.6.2 NuGenTec Drag Reducing Agent Product Portfolios and Specifications
13.6.3 NuGenTec Drag Reducing Agent Sales, Revenue, Price and Gross Margin (2019-2024)
13.6.4 NuGenTec Main Business Overview
13.6.5 NuGenTec Latest Developments
13.7 Sino Oil King Shine Chemical
13.7.1 Sino Oil King Shine Chemical Company Information
13.7.2 Sino Oil King Shine Chemical Drag Reducing Agent Product Portfolios and Specifications
13.7.3 Sino Oil King Shine Chemical Drag Reducing Agent Sales, Revenue, Price and Gross Margin (2019-2024)
13.7.4 Sino Oil King Shine Chemical Main Business Overview
13.7.5 Sino Oil King Shine Chemical Latest Developments
13.8 DESHI
13.8.1 DESHI Company Information
13.8.2 DESHI Drag Reducing Agent Product Portfolios and Specifications
13.8.3 DESHI Drag Reducing Agent Sales, Revenue, Price and Gross Margin (2019-2024)
13.8.4 DESHI Main Business Overview
13.8.5 DESHI Latest Developments
13.9 Qflo
13.9.1 Qflo Company Information
13.9.2 Qflo Drag Reducing Agent Product Portfolios and Specifications
13.9.3 Qflo Drag Reducing Agent Sales, Revenue, Price and Gross Margin (2019-2024)
13.9.4 Qflo Main Business Overview
13.9.5 Qflo Latest Developments
13.10 Superchem Technology
13.10.1 Superchem Technology Company Information
13.10.2 Superchem Technology Drag Reducing Agent Product Portfolios and Specifications
13.10.3 Superchem Technology Drag Reducing Agent Sales, Revenue, Price and Gross Margin (2019-2024)
13.10.4 Superchem Technology Main Business Overview
13.10.5 Superchem Technology Latest Developments
13.11 The Zoranoc Oilfield Chemical
13.11.1 The Zoranoc Oilfield Chemical Company Information
13.11.2 The Zoranoc Oilfield Chemical Drag Reducing Agent Product Portfolios and Specifications
13.11.3 The Zoranoc Oilfield Chemical Drag Reducing Agent Sales, Revenue, Price and Gross Margin (2019-2024)
13.11.4 The Zoranoc Oilfield Chemical Main Business Overview
13.11.5 The Zoranoc Oilfield Chemical Latest Developments
13.12 CNPC
13.12.1 CNPC Company Information
13.12.2 CNPC Drag Reducing Agent Product Portfolios and Specifications
13.12.3 CNPC Drag Reducing Agent Sales, Revenue, Price and Gross Margin (2019-2024)
13.12.4 CNPC Main Business Overview
13.12.5 CNPC Latest Developments
14 Research Findings and Conclusion

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