Global Drag Reducing Agent market is valued at 750 million USD in 2017 and is expected to reach 1390 million USD by the end of 2025, growing at a CAGR of 8.0% between 2018 and 2025.

This report studies the global Drag Reducing Agent industry status, China market entry and growth opportunity, focuses on the Chinese local and International manufacturers, analyzes the China market competition landscape, market size (value and volume), opportunity and challenge, risk and entry barriers.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.

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Drag reducing agent industry is concentrated relatively. Currently, there are several producing companies in the world drag reducing agent industry. The main market players are LSPI, Flowchem, Baker Hughes, Innospec and Oil Flux Americas. The sales of drag reducing agent will increase to 181.2 K MT in 2017 from 106.4 K MT in 2012 with average growth rate of 11.24%.

In consumption market, USA, Europe and China are the mainly consumption regions due to the bigger demand of downstream applications. In 2016, these regions occupied 69.44% of the global consumption volume in total.

The major raw materials for drag reducing agent are poly alpha olefin (PAO), ethylene glycol/ethanol/water, and other auxiliary chemicals. Fluctuations in the price of the upstream product will impact on the production cost of drag reducing agent. The production cost of drag reducing agent is also an important factor which could impact the price of drag reducing agent.

The global Drag Reducing Agent market is valued at 750 million USD in 2017 and is expected to reach 1390 million USD by the end of 2025, growing at a CAGR of 8.0% between 2018 and 2025.

This research report categorizes the China and global Drag Reducing Agent market by type, end-use industry, and region.

International Manufacturers Covered

LSPI

Flowchem

Baker Hughes

Innospec

Oil Flux Americas

NuGenTec

DESHI

Qflo

Superchem Technology

China Local Manufacturers Covered

Sino Oil King Shine Chemical

The Zoranoc Oilfield Chemical

CNPC

By Type

High Viscosity Glue

Low Viscosity Glue

Rubber Latex

By Application

Oil & Gas Industry

Chemical Transportation

Others

By Region

United States

Europe

Japan

The study objectives of this report are:

To analyze and study the ways and market feasibility to enter China market, for the international manufacturers manufacturing or selling products in China.

To study and forecast the market size (volume and value) of Drag Reducing Agent in China and global market.

Focuses on the China local manufacturers, to define, describe and analyze the market competition landscape, SWOT analysis, value and China market share for top local manufacturers.

To analyze the international manufacturers, SWOT analysis, volume, value and global market share for top manufacturers.

To define, describe and forecast the market by type, application and region.

To analyze and compare the market status and forecast between China and major regions, namely, United States, Europe, China, Japan and other Regions like Korea, Taiwan, India, Southeast Asia etc.

To analyze the China market potential and advantage, opportunity and challenge, restraints and risks.

To identify significant trends and factors driving or inhibiting the market growth.

To analyze the opportunities in the market for stakeholders by identifying the high growth segments.

To strategically analyze each submarket with respect to individual growth trend and their contribution to the market.

To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.

To strategically profile the key players and comprehensively analyze their growth strategies.

In this study, the years considered to estimate the market size of Drag Reducing Agent are as follows:

History Year: 2013-2017

Base Year: 2017

Estimated Year: 2018

Forecast Year 2018 to 2025

For the data information by region, company, type and application, 2017 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.

Available Customizations

With the given market data, QYResearch offers customizations according to the company’s specific needs. The following customization options are available for the report:

Regional and country-level analysis of the Drag Reducing Agent market, by end-use.

Detailed analysis and profiles of additional market players.

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