Press release
Global Drag Reducing Agent Market Was 201.1 K MT In 2018
The global drag reducing agent market was 201.1 K MT in 2018 and is expected to increase to 347.8 K MT by 2025. Overall, the drag reducing agent market performance is positive with the global economic recovery.
As for consumption, the largest consumption volume comes from the North America region. In 2018, the region consumed about 40.48% drag reducing agent globally. USA plays a key role in this region. The follower consumer is Asia-Pacific, with 52.3 K MT being consumed in the same year.
Recent years, supported by various countries’ policies and oil & gas development, the demand in downstream increases rapidly, stimulating the drag reducing agent industry correspondingly. The increased consumption of drag reducing agent is expected to continue during the remaining years of the forecast period of 2020-2025. It is estimated that global market of drag reducing agent will be worthy of 1757.62 million USD in 2025, with the CAGR of 10.03% during the period.
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This report focuses on the Drag Reducing Agent in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa.
Market Segment by Manufacturers, this report covers
LiquidPower Specialty Products
Superchem Technology
Flowchem
Innospec
Oil Flux Americas
GE(Baker Hughes)
DESHI
NuGenTec
Qflo
Sino Oil King Shine Chemical
The Zoranoc Oilfield Chemical
CNPC
Market Segment by Type, covers
High Viscosity Glue
Low Viscosity Glue
Rubber Latex
Market Segment by Applications, can be divided into
Oil & Gas Industry
Chemical Transportation
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Related Information:
North America Drag Reducing Agent Market Research Report 2019
United States Drag Reducing Agent Market Research Report 2019
Asia-Pacific Drag Reducing Agent Market Research Report 2019
Europe Drag Reducing Agent Market Market Research Report 2019
EMEA Drag Reducing Agent Market Market Research Report 2019
Global Drag Reducing Agent Market Market Research Report 2019
China Drag Reducing Agent Market Market Research Report 2019
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