Press release
Drag Reducing Agent Industry is expected to reach 1390 million USD by the end of 2025
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.
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Drag reducing agent industry is concentrated relatively. Currently, there are several producing companies in the world drag reducing agent industry. The main market players are LSPI, Flowchem, Baker Hughes, Innospec and Oil Flux Americas. The sales of drag reducing agent will increase to 181.2 K MT in 2017 from 106.4 K MT in 2012 with average growth rate of 11.24%.
In consumption market, USA, Europe and China are the mainly consumption regions due to the bigger demand of downstream applications. In 2016, these regions occupied 69.44% of the global consumption volume in total.
The major raw materials for drag reducing agent are poly alpha olefin (PAO), ethylene glycol/ethanol/water, and other auxiliary chemicals. Fluctuations in the price of the upstream product will impact on the production cost of drag reducing agent. The production cost of drag reducing agent is also an important factor which could impact the price of drag reducing agent.
The global Drag Reducing Agent market is valued at 750 million USD in 2017 and is expected to reach 1390 million USD by the end of 2025, growing at a CAGR of 8.0% between 2018 and 2025.
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This research report categorizes the China and global Drag Reducing Agent market by type, end-use industry, and region.
International Manufacturers Covered
LSPI
Flowchem
Baker Hughes
Innospec
Oil Flux Americas
NuGenTec
DESHI
Qflo
Superchem Technology
China Local Manufacturers Covered
Sino Oil King Shine Chemical
The Zoranoc Oilfield Chemical
CNPC
...
By Type
High Viscosity Glue
Low Viscosity Glue
Rubber Latex
By Application
Oil & Gas Industry
Chemical Transportation
Others
By Region
United States
Europe
Japan
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