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Growth of Drag Reducing Agent Market, Revenue, Manufacturers Income, Sales, Market Trend Report Archives in 2024
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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According to the new market research report "Drag Reducing Agent- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030", published by QYResearch, the global Drag Reducing Agent market size is projected to reach USD 1.05 billion by 2030, at a CAGR of 8.3% during the forecast period.
According to QYResearch Top Players Research Center, the global key manufacturers of Drag Reducing Agent include LiquidPower Specialty Products, Flowchem, Baker Hughes, Innospec, CNPC, Oil Flux Americas, Sino Oil King Shine Chemical, NuGenTec, DESHI, Qflo, etc. In 2023, the global top five players had a share approximately 67.0% in terms of revenue.
The drag reducing agent (DRA) market is witnessing steady growth, driven by the increasing demand for efficient and cost-effective solutions in the oil and gas industry. DRAs are used to minimize frictional resistance in pipelines, enhancing the flow of hydrocarbons and reducing energy consumption. As global energy demands rise and pipeline infrastructure expands, the need for DRAs to improve transportation efficiency and reduce operational costs becomes more pronounced. Innovations in DRA formulations, including the development of more effective and environmentally friendly products, are also contributing to market growth. Additionally, regulatory pressures to optimize energy use and reduce emissions are prompting increased adoption of DRAs. The market is expected to continue expanding as industries seek to balance operational efficiency with environmental and economic considerations.
The report provides a detailed analysis of the market size, growth potential, and key trends for each segment. Through detailed analysis, industry players can identify profit opportunities, develop strategies for specific customer segments, and allocate resources effectively.
The Drag Reducing Agent market is segmented as below:
By Company
LiquidPower Specialty Products
Flowchem
Baker Hughes
Innospec
Oil Flux Americas
NuGenTec
Sino Oil King Shine Chemical
DESHI
Qflo
Superchem Technology
The Zoranoc Oilfield Chemical
CNPC
Segment by Type
Oil-soluble Drag Reducing Agent
Water-soluble Drag Reducing Agent
Segment by Application
Oil & Gas Industry
Chemical Transportation
Others
Each chapter of the report provides detailed information for readers to further understand the Drag Reducing Agent market:
Chapter 1: Introduces the report scope of the Drag Reducing Agent report, global total market size (valve, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry. (2019-2030)
Chapter 2: Detailed analysis of Drag Reducing Agent manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc. (2019-2024)
Chapter 3: Provides the analysis of various Drag Reducing Agent market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments. (2019-2030)
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.(2019-2030)
Chapter 5: Sales, revenue of Drag Reducing Agent in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world..(2019-2030)
Chapter 6: Sales, revenue of Drag Reducing Agent in country level. It provides sigmate data by Type, and by Application for each country/region.(2019-2030)
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc. (2019-2024)
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
Benefits of purchasing QYResearch report:
Competitive Analysis: QYResearch provides in-depth Drag Reducing Agent competitive analysis, including information on key company profiles, new entrants, acquisitions, mergers, large market shear, opportunities, and challenges. These analyses provide clients with a comprehensive understanding of market conditions and competitive dynamics, enabling them to develop effective market strategies and maintain their competitive edge.
Industry Analysis: QYResearch provides Drag Reducing Agent comprehensive industry data and trend analysis, including raw material analysis, market application analysis, product type analysis, market demand analysis, market supply analysis, downstream market analysis, and supply chain analysis.
and trend analysis. These analyses help clients understand the direction of industry development and make informed business decisions.
Market Size: QYResearch provides Drag Reducing Agent market size analysis, including capacity, production, sales, production value, price, cost, and profit analysis. This data helps clients understand market size and development potential, and is an important reference for business development.
Other relevant reports of QYResearch:
Global and United States Drag Reducing Agent Market Report & Forecast 2024-2030
Global Drag Reducing Agent Market Insights, Forecast to 2030
Global Drag Reducing Agent Market Research Report 2024
Drag Reducing Agent - Global Market Insights and Sales Trends 2024
Drag Reducing Agent - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030
Global Drag Reducing Agent for Pipeline Market Insights, Forecast to 2030
Global Drag Reducing Agent for Pipeline Market Research Report 2024
Drag Reducing Agent for Pipeline - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030
Global Drag Reducing Agent for Oil & Gas Industry Research Report, Growth Trends and Competitive Analysis 2024-2030
Global Drag Reducing Agent for Oil & Gas Market Size, Manufacturers, Supply Chain, Sales Channel and Clients, 2024-2030
Global Drag Reducing Agent for Crude Oil Market Insights, Forecast to 2030
Global Drag Reducing Agent for Oil & Gas Market Insights, Forecast to 2030
Drag Reducing Agent for Oil & Gas - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030
Global Drag Reducing Agent for Crude Oil Market Research Report 2024
Global Drag Reducing Agent for Gas Transportation Market Research Report 2024
Global Drag Reducing Agent for Oil Transportation Market Research Report 2024
Global Drag Reducing Agents for Crude Oil Pipeline Market Insights, Forecast to 2030
Global Drag Reducing Agents for Crude Oil Pipeline Market Research Report 2024
Global Drag Reducing Agent for Chemical Application Market Insights, Forecast to 2030
Global Drag Reducing Agent for Chemical Application Market Research Report 2024
About Us：
QYResearch founded in California, USA in 2007, which is a leading global market research and consulting company. Our primary business include market research reports, custom reports, commissioned research, IPO consultancy, business plans, etc. With over 17 years of experience and a dedicated research team, we are well placed to provide useful information and data for your business, and we have established offices in 7 countries (include United States, Germany, Switzerland, Japan, Korea, China and India) and business partners in over 30 countries. We have provided industrial information services to more than 60,000 companies in over the world.
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QY Research Inc.
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