The Drag Reducing Agents Market 2024 Report makes available the current and future technical and financial analysis of the industry. It is one of the most comprehensive and important additions to the USD Analytics Market archive of market research studies. It offers detailed research and analysis of key aspects of the global Drag Reducing Agents market. This global report explores the key factors affecting the growth of the dynamic Drag Reducing Agents market, including the demand-supply scenario, pricing structure, profit margins, SWOT, and value chain analysis.
Global Drag Reducing Agents Market Size is valued at $6.2 Billion in 2024 and is forecast to register a growth rate (CAGR) of 5.9% to reach $9.8 Billion by 2032.
Key Players in This Report Include:
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
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Drag Reducing Agents Market Overview in 2024
The Drag Reducing Agents Market is growing due to the increasing need for efficient flow management in pipelines, especially in the oil and gas industry. Drag reducing agents (DRAs) are chemicals used to reduce friction and improve the flow of fluids through pipelines, leading to enhanced efficiency and reduced energy consumption. The market is driven by the expansion of pipeline infrastructure, rising energy demands, and the need for cost-effective and efficient transportation solutions. Innovations in DRA formulations and increased investments in pipeline projects are supporting market growth. Additionally, regulatory pressures to improve energy efficiency and reduce operational costs are influencing market trends.
Market Segmentation and Scope:
By Product (Polymer, Surfactant, Suspended Solids), By Application (Crude Oil, Multi-phase Liquid, Refined Products, Heavy, Asphaltic Crude, Water Transportation), By End-User (Oil & Gas, Chemicals & Petrochemicals, Power & Energy, Agriculture, Others)
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The report covers the competitive analysis of the market. The report identifies the most promising growth opportunities across the 6 regions and 24 countries. This section exclusively shares insight into the growth strategies of the largest market share holders helping key players and new entrants understand the investment potential in the Global Drag Reducing Agents Market. It can be better employed by both traditional and new players in the industry for complete know-how of the market.
Regional Analysis:
• The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
• North America (United States, Mexico & Canada)
• South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
• Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
• Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).
Furthermore, the years considered for the study are as follows:
Historical year – 2018-2023
Base year – 2023
Forecast period – 2024 to 2032
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Major Highlights of TOC:
Chapter 1: Overview of the Global Drag Reducing Agents Market in 2024
1.1 Drag Reducing Agents Industry Analysis
1.2 Key Companies and Product Profiles
1.3 Drag Reducing Agents Market Segments
1.4 Industry Value Chain Analysis
1.5 Market Dynamics- Trends, Drivers, and Opportunities
1.6 Pricing Analysis
1.7 Porter’s Five Forces Analysis
1.8 SWOT Profile
1.9 Macro-Economic and Demographic Impact Analysis
1.10 Scenario Analysis
Chapter 2: Global Drag Reducing Agents Demand Forecasts
2.1 Overview of the Segment
2.2 Global Historic Drag Reducing Agents Market Size (2018-2023) by Types, Applications, and Other Segments
2.3 Global Forecast Drag Reducing Agents Market Size (2024-2032) by Types, Applications, and Other Segments
Chapter 3: Segment-wise Drag Reducing Agents Market Forecasts
3.1 Key Market Segments
3.2 Premium Insights- Largest Types, Applications and Segments
3.3 Premium Insights- Most Lucrative Types, Applications, and Segments
Chapter 4: Drag Reducing Agents Market Outlook by Country
4.1 Drag Reducing Agents Market by Regions
4.2 Drag Reducing Agents Market Revenue Share by Region
4.3 North America (US, Canada, Mexico)
4.4 Europe (Germany, UK, France, Spain, Italy, Russia, Others)
4.5 Asia Pacific (China, Japan, India, South Korea, Australia, South East Asia, Others)
4.6 Latin America (Brazil, Argentina, Chile, Others)
4.7 Middle East and Africa (Saudi Arabia, UAE, Qatar, South Africa, Nigeria, Egypt, Others)
Player Analysis in Chapter Five
5.1 Players’ Market Share Analysis (2023)
5.2 Regional Market Concentration Rates
5.3 Business Profiles, SWOT Analysis, Financial Details, Product Portfolio of Companies
……….continued
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