Drag Reducing Agent Trends and Forecast
The future of the global drag reducing agent market looks promising with opportunities in the oil & gas, chemical & petrochemical, power & energy, and agriculture markets. The global drag reducing agent market is expected to reach an estimated $771.8 billion by 2030 with a CAGR of 5.4% from 2024 to 2030. The major drivers for this market are growing demand for energy-efficient solutions in fluid transportation, rise in oil & gas exploration activities, and increasing development of eco-friendly and biodegradable DRAs.A more than 150-page report is developed to help in your business decisions.
Drag Reducing Agent by Segment
The study includes a forecast for the global drag reducing agent by product type, application, end use, and region.Drag Reducing Agent Market by Product Type [Shipment Analysis by Value from 2018 to 2030]:
- Polymer
- Surfactant
- Suspension/Suspended Solids
Drag Reducing Agent Market by Application [Shipment Analysis by Value from 2018 to 2030]:
- Crude Oil
- Multi-Phase Liquid
- Refined Products
- Heavy, Asphaltic Crude
- Water Transportation
- Others
Drag Reducing Agent Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
- Oil & Gas
- Chemicals & Petrochemicals
- Power & Energy
- Agriculture
- Others
Drag Reducing Agent Market by Region [Shipment Analysis by Value from 2018 to 2030]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Drag Reducing Agent Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies drag reducing agent companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the drag reducing agent companies profiled in this report include:- Baker Hughes
- Flowchem
- Innospec
- Lubrizol Specialty Products
- NuGenTec
- Oil Flux Americas
- Sino Oil King Shine Chemical
- Superchem Technology
- The Zoranoc Oilfield Chemical
- China National Petroleum Corporation
Drag Reducing Agent Market Insights
The publisher forecasts that crude oil is expected to witness the highest growth over the forecast period.Within this market, oil & gas will remain the largest segment over the forecast period.
North America will remain the largest region over the forecast period.
Features of the Global Drag Reducing Agent Market
- Market Size Estimates: Drag reducing agent market size estimation in terms of value ($B).
- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Drag reducing agent market size by product type, application, end use, and region in terms of value ($B).
- Regional Analysis: Drag reducing agent market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different product types, applications, end uses, and regions for the drag reducing agent market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the drag reducing agent market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the drag reducing agent market size?Answer: The global drag reducing agent market is expected to reach an estimated $771.8 billion by 2030.
Q2. What is the growth forecast for drag reducing agent market?
Answer: The global drag reducing agent market is expected to grow with a CAGR of 5.4% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the drag reducing agent market?
Answer: The major drivers for this market are growing demand for energy-efficient solutions in fluid transportation, rise in oil & gas exploration activities, and increasing development of eco-friendly and biodegradable DRAs.
Q4. What are the major segments for drag reducing agent market?
Answer: The future of the drag reducing agent market looks promising with opportunities in the oil & gas, chemical & petrochemical, power & energy, and agriculture markets.
Q5. Who are the key drag reducing agent market companies?
Answer: Some of the key drag reducing agent companies are as follows:
- Baker Hughes
- Flowchem
- Innospec
- Lubrizol Specialty Products
- NuGenTec
- Oil Flux Americas
- Sino Oil King Shine Chemical
- Superchem Technology
- The Zoranoc Oilfield Chemical
- China National Petroleum Corporation
Answer: The publisher forecasts that crude oil is expected to witness the highest growth over the forecast period.
Q7. In drag reducing agent market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period.
Q.8 Do we receive customization in this report?
Answer: Yes, the publisher provides 10% customization without any additional cost.
This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the drag reducing agent market by product type (polymer, surfactant, and suspension/suspended solids), application (crude oil, multi-phase liquid, refined products, heavy, asphaltic crude, water transportation, and others), end use (oil & gas, chemicals & petrochemicals, power & energy, agriculture, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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Table of Contents
1. Executive Summary
2. Global Drag Reducing Agent Market : Market Dynamics
3. Market Trends and Forecast Analysis from 2018 to 2030
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned
- Baker Hughes
- Flowchem
- Innospec
- Lubrizol Specialty Products
- NuGenTec
- Oil Flux Americas
- Sino Oil King Shine Chemical
- Superchem Technology
- The Zoranoc Oilfield Chemical
- China National Petroleum Corporation
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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