Drag Reducing Agent Market Size By Regional Analysis(Europe, Asia Pacific, America, Middle East And Africa), By Demand & COVID-19 Impact Analysis, By Type, By Applications And Forecasts 2023 - 2030
Report Overview
The Market Research Update provide detailed report study and highlights market share and size, and regional changing trends, production value predication, new prospects for Drag Reducing Agent market development rate. This study report offers a current scenario of the market. The report also comprises a several market dynamics.
The Drag Reducing Agent is projected to rise moderately in the projected time frame of 2023-2030.
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.
The technical barrier of drag reducing agent is high, and dominated by certain companies, such as LSPI, Baker Hughes, Flowchem, Innospec, Oil Flux Americas, NuGenTec and son on. Production of drag reducing agent mainly distributes in USA and China.
As for consumption, the largest consumption volume comes from the North America region. In 2020, the region consumed about 40.75% drag reducing agent globally. USA plays a key role in the regions. The second largest consumer is MEA, with 27 K MT being consumed in the same year.
Global Drag Reducing Agent market size will increase to 1780 Million US$ by 2030, from 920 Million US$ in 2020, at a CAGR of 9.9% during the forecast period. In this study, 2023 has been considered as the base year and 2023 to 2030 as the forecast period to estimate the market size for Drag Reducing Agent.
Objectives of Research:
- The overview of the global Drag Reducing Agent market
- Report comprised of the market companies, to describe and define and analyze the Drag Reducing Agent market value, share competition landscape, development plans and SWOT analysis.
- The report also involves the structure of the industry by identifying its several sub-segments.
- To observe the industry with reverence to individual future prospects, development trends, and contribution to the overall market.
Major Players in the Market:
The major competitors working in the market are:
, 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
Market by Order Type
High Viscosity Glue
Low Viscosity Glue
Rubber Latex
Drag Reducing Agent Data by Application
Oil & Gas Industry
Chemical Transportation
Drag Reducing Agent Production Regions Covered in the Report are:
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Rest of the World
Our team of enthusiastic analysts, research experts, and experienced forecasters work precisely to produce such kind of market report. The research report defines USD values, CAGR (compound annual growth rate) values and their variations for the precise projected time frame.
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The research information and studies associated with participant analysis keep the competitive landscape noticeably into the focus with which the market can select or advance their own policies to increase in the market growth.
The Key Questions Answered In Market Report Are:
- Summary of the Drag Reducing Agent market comprising definition
- Drag Reducing Agent Market Growth Drivers, Restrains, Challenges and opportunities
- Major trends which is impacting the global Drag Reducing Agent market
- Drag Reducing Agent Market segmentation and complete information about the market
- Regional analysis of the market
- Which regional market will develop as a champion at intervals in the coming years?
- What are the top companies at intervals in the global Drag Reducing Agent market?
- What are the growth strategies of the key players to sustain hold at intervals in the global Drag Reducing Agent market?
Table of Content
Drag Reducing Agent Market – Overview
1.1 Definitions, Overview, and Scope
1.2 Drivers, Restrain, Challenges, Opportunities
Drag Reducing Agent Market – Executive Summary
2.1 Market Revenue and Major Trends, and Challenges
Drag Reducing Agent Market – Comparative Analysis
3.1 Product Benchmarking
3.2 Financial Overview
3.3 Market Cost Divided
3.4 Estimating Examination
Drag Reducing Agent Market – Industry Market Entry Scenario
4.1 Governing Outline Summary
4.2 New Business index
4.3 Case Studies of Positive Schemes
Drag Reducing Agent Market Forces
5.1 Market Drivers
5.2 Market Restrains
5.3 Market New Opportunities
5.4 Market Challenges
5.4 Porters five force model
Drag Reducing Agent Market – Strategic Complete Overview
6.1 Value Chain Analysis
6.2 Market Opportunities Analysis
6.3 Market Challenges Analysis
6.4 Market Life Cycle
Drag Reducing Agent Market – By Regions (Market Size –USD Million)
7.1 North America
7.2 Europe
7.3 Asia-Pacific
7.4 Middle East and Africa
7.5 Rest of the World
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