Global Drag Reducing Agent for Oil & Gas Sales Market Report 2022

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$ 1109 million in 2021 and is forecast to a readjusted size of US$ 1109 million by 2028 with a CAGR of 9.9% during the review period. Fully considering the economic change by this health crisis, by Type 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 by Type 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.
Global Drag Reducing Agent for Oil & Gas Scope and Market Size
The global Drag Reducing Agent for Oil & Gas market is segmented by company, region (country), 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 sales, revenue and forecast by region (country), 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 Region
United States
Europe
China
Japan
Southeast Asia
India
Other Regions
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