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Drag Reduction Agent (DRA) Market Size Worth USD 1033 Million in 2032 | Emergen Research
Drag Reduction Agent (DRA) Market
DRA plays a pivotal role in pipeline operations by reducing turbulence within pipes, particularly in petroleum pipelines. Its ability to enhance laminar flow and diminish turbulence significantly increases pipeline capacity, making it indispensable for the efficient transportation of fluids.
According to recent findings, the escalating demand for DRA is not limited to pipeline operations but extends to its role in chemical manufacturing. The chemical industry's pursuit of improved production quality and enhanced Return-On-Investment (ROI) is fueling the need for DRA to lower frictional resistance between fluids and pipeline walls.
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A noteworthy aspect contributing to the market's growth is the dominance of the high viscosity glue segment within the DRA market. High viscosity glue offers superior properties that make it indispensable for various applications in petrochemical industries, contributing significantly to the market's revenue share.
Furthermore, the application of DRA in crude oil transportation emerges as a dominant segment, reflecting the vital role of crude oil in the global economy. With crude oil serving as a primary feedstock for numerous industries, including gasoline, jet fuel, asphalt, lubricating oil, and plastics production, the demand for DRA in crude oil transportation is anticipated to witness substantial growth.
Despite these promising prospects, the market faces certain restraints, notably environmental concerns and increasing awareness about biofuels. Environmental initiatives and the rising popularity of biofuels as renewable energy sources pose challenges to the market's growth trajectory. Nevertheless, innovations in biofuels and ongoing efforts to address environmental concerns are expected to mitigate these challenges to some extent.
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Drag Reduction Agent (DRA) Top Companies and Competitive Landscape
The global Drag Reduction Agent (DRA) market is fragmented, with several key players accounting for the majority of market revenue. Major players are deploying various strategies, entering mergers & acquisitions, strategic agreements & contracts, developing, testing, and introducing new DRA products and solutions in the market.
• Baker Hughes Company
• Dorf Ketal
• Flowchem
• Indian Oil Corporation Ltd.
• Innospec
• Jiangyin Huaheng Auxiliary Co., Ltd.
• LiquidPower Specialty Products Inc.
• NuGenTec
• The Zoranoc Oilfield Chemical
• China National Petroleum Corporation
• Partow Ideh Pars Co. (P.J.S)
• The Lubrizol Corporation
• SUPERCHEM Surface Chemistry Co., Ltd.
Drag Reduction Agent (DRA) Latest Industry News
• On 19 September, 2023 Exxon Mobil announced the launch of new chemical production units in the manufacturing facility situated at Baytown, Texas. The new performance polymers line will produce 400,000 metric tons per year of Vistamaxx and Exact -branded polymer modifiers, which can enhance the performance of a broad range of chemical products used to make automotive parts, construction materials, hygiene and personal care products, and various packaging applications.
• On 11 October 2022, Infineum and Entegris, Inc. announced that the companies have entered into a definitive agreement for Infineum to acquire Entegris' Pipeline and Industrial Materials business (PIM). Entegris' PIM business is a part of the company's Specialty Chemicals and Engineered Materials (SCEM) division and includes the Flowchem, Val-Tex, and Sealweld brands and a broad range of Drag Reducing Agents (DRAs) for pipeline operations.
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Drag Reduction Agent (DRA) Market Segment Analysis
For the purpose of this report, Emergen Research has segmented the global DRA market on the basis of products, ingredient, application end-use, and region:
• Product Outlook (Revenue, USD Million; 2019-2032)
o High Viscosity Glue
o Low Viscosity Glue
• Ingredient Outlook (Revenue, USD Million; 2019-2032)
o Polymers
o Solid Particle Suspensions
o Surfacants
o Biological Additives
• Application Outlook (Revenue, USD Million; 2019-2032)
o Crude Oil
o Heavy Asphaltic Crude
o Multiphase Liquid
o Refined Products
• End-Use Outlook (Revenue, USD Million; 2019-2032)
o Oil & Gas (O&G)
o Petrochemicals
o Agriculture
o Others
• Regional Outlook (Revenue, USD Million; 2019-2032)
o North America
1. U.S.
2. Canada
3. Mexico
o Europe
1. Germany
2. France
3. UK
4. Italy
5. Spain
6. Benelux
7. Rest of Europe
o Asia Pacific
1. China
2. India
3. Japan
4. South Korea
5. Rest of APAC
o Latin America
1. Brazil
2. Rest of LATAM
o Middle East & Africa
1. Saudi Arabia
2. UAE
3. South Africa
4. Turkey
5. Rest of Middle East & Africa
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Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy.
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