Press release
Drag Reducers Market is growing at a High CAGR during the forecast period (2023-2030).
Drag Reducers Market- DataM Intelligence 4Market Research
Pipeline drag reducers minimize turbulence and enhance laminar flow. Drag reducers expand pipelines. Most pipelines transporting crude oil, refined petroleum products, heavy asphaltic crude, multiphase liquids, and non-potable water employ drag reducers. Add a few parts per million drag reducers to lessen pipeline turbulence.
The drag reducers minimize turbulence by minimizing oil contact with pipeline walls. Polymer-based drag reducers degrade quickly, thus they are placed after pumps and turn points in pipelines with high pressures and temperatures. Drag reducers are mostly polymers, surfactants, and solid-particle suspensions.
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Market Drivers: Rising global oil and gas production
The tremendous economic growth of Asia-Pacific has raised global oil and gas consumption. Due to expanding production at current sites and economic exploitation of new offshore deposits, global oil and gas output has expanded significantly. The commercial exploitation of offshore locations has made Guyana and Mozambique important oil and gas exporters.
Transporting crude and processed petroleum products requires oil and gas pipelines. Transporting crude oil from offshore to onshore storage and processing requires pipeline infrastructure. Pipelines deliver most natural gas. Dedicated pipes transfer LNG to storage tanks.
As oil and gas production increases from new locations, several nations are developing new oil pipelines to augment the present network and enhance transportation capacity. Tanzania and Uganda are building the 1,444-km East African Crude Oil Pipeline (EACOP) to transport crude oil from Tanga port to Ugandan oilfields. Oil and gas pipelines employ drag reducers to minimize turbulence and improve laminar flow, increasing carrying capacity. Rising oil and gas output drives the worldwide drag reducers market.
Market Segmentation:
The global drag reducers market is segmented into product, application, end-user and country. The global drag reducers market by end-users is further segmented into oil and gas, chemicals and petrochemicals, energy and power, agriculture and others. Oil and gas are leading within this segmentation since it has the largest applications for drag reducers.
The global oil and gas industry is engaged in producing, refining, distributing, transporting and marketing oil and gas products. Oil and gas production globally mainly occurs in the onshore oilfields of the middle east and the various offshore oilfields located in various regions. The crude oil produced in offshore fields is transported to onshore facilities for storage, refining and distribution through underwater pipelines.
Market Companies:
Some major players contributing to growth in the market are 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
• Anhydrous
• Dihydrate
• Aqueous Solution
By Grade
• Standard Grade
• Technical/Pharma Grade
• Electronic/Food Grade
By Application
• Bleaching & Purifying Agents
• Reducing Agents
• Stain & Rust Removers
• Miticide
• Precipitation Agents
• Others
By End-User
• Petrochemicals
• Water Treatment Chemicals
• Metallurgy
• Textiles & Leather
• Pharmaceuticals
• Electronics & Semiconductors
• Food & Beverages
• Wood Pulp
• Others
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East and Africa
Geographical Share:
North America is a significant exporter and producer of natural gas and hydrocarbons. In North America, the extraction of oil reserves derived from unconventional shale and tar sand sources has increased significantly in recent years due to technological advancements. Due to their interior location, the majority of these oilfields necessitate extensive pipeline networks to transport crude oil to refineries for processing and ports for export.
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