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.
Market Analysis and Insights: Global Drag Reducing Agent for Oil & Gas Market
Due to the COVID-19 pandemic, the global Drag Reducing Agent for Oil & Gas market size is estimated to be worth US$ 1228.1 million in 2022 and is forecast to a readjusted size of US$ 2163.8 million by 2028 with a CAGR of 9.9% during the review period. Fully considering the economic change by this health crisis, High Viscosity Glue accounting for % of the Drag Reducing Agent for Oil & Gas global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Gas Transportation segment is altered to an % CAGR throughout this forecast period.
Global Drag Reducing Agent for Oil & Gas key players include LiquidPower Specialty Products, Flowchem, GE(Baker Hughes), Innospec, Oil Flux Americas, etc.
North America is the largest market, with a share over 40%, followed by Europe and Asia-Pacific, both have a share over 35 percent.
In terms of product, Low Viscosity Glue is the largest segment, with a share about 60%. And in terms of application, the largest application is Gas Transportation, followed by Oil Transportation.
In terms of production side, this report researches the Drag Reducing Agent for Oil & Gas capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.
In terms of sales side, this report focuses on the sales of Drag Reducing Agent for Oil & Gas by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.
Global Drag Reducing Agent for Oil & Gas Scope and Segment
Drag Reducing Agent for Oil & Gas market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Drag Reducing Agent for Oil & Gas market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
High Viscosity Glue
Low Viscosity Glue
Rubber Latex
Segment by Application
Gas Transportation
Oil Transportation
By Company
LiquidPower Specialty Products
Flowchem
GE(Baker Hughes)
Innospec
Oil Flux Americas
NuGenTec
Sino Oil King Shine Chemical
DESHI
Qflo
Superchem Technology
The Zoranoc Oilfield Chemical
CNPC
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE