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The drag reducing agent market is forecasted to grow by USD 93.1 million during 2023-2028, accelerating at a CAGR of 5.97% during the forecast period. The report on the drag reducing agent market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing application of drag reducing agents in oil and gas industry, friction resistance and other excellent properties, and rising complexity in offshore field operations.
The drag reducing agent market is segmented as below:
By Application
- Crude oil
- Chemical transportation
- Others
By Product
- Polymer
- Surfactant
- Others
By Geographical Landscape
- North America
- Middle East and Africa
- APAC
- Europe
- South America
The report on the drag reducing agent market covers the following areas:
- Drag reducing agent market sizing
- Drag reducing agent market forecast
- Drag reducing agent market industry analysis
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the global drag reducing agent market: Baker Hughes Co., Berkshire Hathaway Inc., China National Petroleum Corp., Deshi Energy Technology Group Co.,Ltd, Dorf Ketal Chemicals I Pvt. Ltd., Evonik Industries AG, Finoric LLC, Flowchem, Indian Oil Corp. Ltd., Innospec Inc., Jiangyin Huaheng Auxiliary Co., Ltd., KMG Chemicals, Monsoon Oilfield Ltd., NuGenTec, Oil Flux Americas LLC, Partow Ideh Pars Co. P.J.S, Specialized Technologies for Industrial Services Co., The Lubrizol Corp., The Zoranoc Oilfield Chemical, and Weifang Xinchang Chemical Co. Ltd..Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is emergence of bio-based drag-reducing polymers."
According to the report, one of the major drivers for this market is the increasing application of drag reducing agents in oil and gas industry.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Baker Hughes Co.
- Berkshire Hathaway Inc.
- China National Petroleum Corp.
- Deshi Energy Technology Group Co.
- Ltd
- Dorf Ketal Chemicals I Pvt. Ltd.
- Evonik Industries AG
- Finoric LLC
- Flowchem
- Indian Oil Corp. Ltd.
- Innospec Inc.
- Jiangyin Huaheng Auxiliary Co. Ltd.
- KMG Chemicals
- Monsoon Oilfield Ltd.
- NuGenTec
- Oil Flux Americas LLC
- Partow Ideh Pars Co. P.J.S
- Specialized Technologies for Industrial Services Co.
- The Lubrizol Corp.
- The Zoranoc Oilfield Chemical
- Weifang Xinchang Chemical Co. Ltd.
