Drag Reducing Agent Market Size, Share & Trends Analysis Report by Application by Region, Segment Forecasts, And COVID-19 Impacts

Drag reducing agents are additives in any pipe or conduit that reduces friction pressure loss during fluid flow. They are most commonly used in petroleum pipelines to increase pipeline capacity by reducing turbulence and allowing oil to flow more efficiently.

The main purpose and advantage of DRA are that it reduces the friction pressure loss of the pipeline by reducing the turbulence of the fluid. This also relieves constraints in the pipeline and generally allows increasing the flow velocity in the pipeline. The increased flow rate allows the operator to save pumping energy because the pressure required to maintain the flow rate is reduced, which greatly reduces energy management costs. The installation of DRA is very easy because it is directly injected into the pipeline product using the injection pump and the fuel tank, so no large capital expenditure is required. The heat transfer performance of pipes using DRA is low, which reduces the heat transfer to surrounding pipes. Therefore, the use of DRA can make the oil field safer. Because of its low cost and high profitability, most players in the field tend to install them.

The growth of global oil and gas exploration activities, the growth of chemical industry and agricultural activities, and favorable scientific research funding programs that use DRA in the medical field are key factors contributing to the high compound annual growth rate of the global DRA market. Recently, detailed research on the development of drag reducers for treating tumor cells and reducing blood resistance through arteries and veins has been conducted, which is expected to further promote the market. The DRA market is its main constraint, and it depends largely on other industries, such as oil fracturing. This means that as the oil and gas industry fluctuate, the DRA market will change accordingly. As many companies are moving in the direction of environmental protection, the oil and gas industry is expected to decline, hindering this market.

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The Major Players Profiled in This Report Include:
LSPI
Flowchem
Baker Hughes
Innospec
Oil Flux Americas
NuGenTec
Sino Oil King Shine Chemical
DESHI
Qflo
Superchem Technology
The Zoranoc Oilfield Chemical
CNPC

The Type and Application Analysis:
On the basis of type, this report displays the sales volume, revenue (Million USD), product price, market share and growth rate of each type, primarily split into:
High Viscosity Glue
Low Viscosity Glue
Rubber Latex

On the basis of application, this report displays the sales volume, revenue (Million USD), product price, market share and growth rate of each application/end users, primarily divided into:
Crude Oil
Irrigation
Blood Treatment
Chemical Transportation
Other Application

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North America occupies a dominant position in the drag reducer market and the main player in the United States. This is due to its developed oil industry and industry. The Asia-Pacific region is expected to become a global leader in the oil and gas and chemical markets, which means that it will also lead the way in future global consumption.

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Drag Reducing Agent Report Table of Content:
Chapter 1 Report Overview
Chapter 2 Market Trends and Competitive Landscape
Chapter 3 Segmentation of Drag Reducing Agent Market by Types
Chapter 4 Segmentation of Drag Reducing Agent Market by End-Users
Chapter 5 Market Analysis by Major Regions
Chapter 6 Product Commodity of Drag Reducing Agent Market in Major Countries
Chapter 7 North America Drag Reducing Agent Landscape Analysis
Chapter 8 Europe Drag Reducing Agent Landscape Analysis
Chapter 9 Asia Pacific Drag Reducing Agent Landscape Analysis
Chapter 10 Latin America, Middle East & Africa Drag Reducing Agent Landscape Analysis
Chapter 11 Major Players Profile
11.1 LSPI

11.1.1 LSPI Company Profile and Recent Development

11.1.2 Market Performance

11.1.3 Product and Service Introduction

11.2 Flowchem

11.2.1 Flowchem Profile and Recent Development

11.2.2 Market Performance

11.2.3 Product and Service Introduction

11.3 Baker Hughes

11.3.1 Baker Hughes Company Profile and Recent Development

11.3.2 Market Performance

11.3.3 Product and Service Introduction

Chapter 12 Data Source and Research Methodology
The List of Tables and Figures

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Key Questions Answered by This Report:
What is the size and CAGR of the Drag Reducing Agent Market?
What are the key driving factors of the most profitable regional market?
Which are the leading companies in the global market?
How will the Drag Reducing Agent Market advance in the coming years?
What are the main strategies adopted in the global market?
Which region may hit the highest market share in the coming era?
What trends, challenges, and barriers will impact the development and sizing of the Drag Reducing Agent Market?

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Release ID: 88967740