North America Drag Reducers Market Size, Share, Trends and Outlook 2023-2030

Report Overview:

Drag reducers are additives used in pipelines to reduce turbulence and increase laminar flow. Drag reducers are used to increase pipeline capacity. Polymers, surfactants and solid-particle suspensions are the main types of drag reducers.
Drag reducers are mainly used for pipelines carrying crude oil, refined petroleum products, heavy asphaltic crude, multiphase liquids and non-potable water.

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Market Drivers: Increasing oil and gas output

Using non-conventional energy sources like fracking and tar sands, North America has become a significant oil and gas producer. Additionally, traditional oilfield production has grown dramatically. The U.S. and Canada can now fulfill their domestic needs and export due to strong oil production growth.

U.S. oil and gas exports have grown and it is becoming a worldwide provider. The U.S. and Canada benefit most from non-conventional oilfield commercialization. Most of these oilfields are in remote interior central and northern locations and rely on North America's enormous oil pipeline networks to transfer crude oil to refineries and Gulf of Mexico ports for export.

As oil output rises, the U.S. and Canada are developing new oil pipelines to expand transportation capacity. In 2022, U.S. completed the 330,000-bpd Energy Transfer Ted Collins Pipeline and Cushing South Phase II. Oil and gas pipelines employ drag reducers to minimize turbulence and improve laminar flow, increasing carrying capacity. Thus, rising oil and gas output drives the North American drag reducers market.

Market Segmentation: Oil and gas are the market leaders in this area because they have the most uses for drag reducers.

The North American oil and gas industry manufactures, refines, distributes, transports, and markets oil and gas products. North America's oil and gas production is mostly concentrated on the big offshore oilfields in the Gulf of Mexico. Underwater pipelines transfer the crude oil to onshore facilities for storage, processing, and distribution.

Market Companies:

Baker Hughes Company, Flowchem, Innospec, The Lubrizol Corporation, NuGenTec, Oil Flux Americas, Sino Oil King Shine Chemical Co Ltd, Superchem Technology, The Zoranoc Oilfield Chemical and China National Petroleum Corporation.

By Product

• Polymer
• Surfactant
• Suspension/Suspended Solids

By Application

• Crude Oil
• Multiphase Liquids
• Refined Products
• Heavy Asphaltic Crude
• Water Transportation

By End-User

• Oil and Gas
• Chemicals and Petrochemicals
• Power and Energy
• Agriculture
• Others

By Country

• U.S
• Canada
• Mexico

Geographical Share:
The competitiveness of the North American drag reducers market may be attributed to the availability of a wide range of drag-reducing agents tailored to suit varied applications. Several prominent entities that are actively contributing to the expansion of the market include Baker Hughes Company, Flowchem, Innospec, The Lubrizol Corporation, NuGenTec, Oil Flux Americas, Sino Oil King Shine Chemical Co Ltd, Superchem Technology, The Zoranoc Oilfield Chemical, and China National Petroleum Corporation.
The key stakeholders in the North American market use several methods, including the expansion of production capacity, the acquisition of patents for novel formulations, and the establishment of collaborative alliances, in order to foster the development and expansion of the sector.

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