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Drag Reducing Agent-Global Market Insights and Sales Trends 2025
Synopsis
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.
The global Drag Reducing Agent market size is expected to reach US$ 2091.6 million by 2029, growing at a CAGR of 8.1% from 2023 to 2029. The market is mainly driven by the significant applications of Drag Reducing Agent in various end use industries. The expanding demands from the Oil & Gas Industry and Chemical Transportation, are propelling Drag Reducing Agent market. High Viscosity Glue, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Low Viscosity Glue segment is estimated at % CAGR for the next seven-year period.
The technical barrier of drag reducing agent is high, and dominated by certain companies, such as LiquidPower Specialty Products, Baker Hughes, Flowchem, Innospec, Oil Flux Americas and NuGenTec, with about 72% market shares.
As for consumption, the largest consumption volume comes from the North America region. The region consumed about 40.48% drag reducing agent globally.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Drag Reducing Agent, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Drag Reducing Agent market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Drag Reducing Agent market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Drag Reducing Agent sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Drag Reducing Agent covered in this report include LiquidPower Specialty Products, Flowchem, GE(Baker Hughes), Innospec, Oil Flux Americas, NuGenTec, Sino Oil King Shine Chemical, DESHI and Qflo, etc.
The global Drag Reducing Agent market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
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
Global Drag Reducing Agent market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Drag Reducing Agent market, Segment by Type:
High Viscosity Glue
Low Viscosity Glue
Rubber Latex
Global Drag Reducing Agent market, by Application
Oil & Gas Industry
Chemical Transportation
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Drag Reducing Agent manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Drag Reducing Agent in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
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.
The global Drag Reducing Agent market size is expected to reach US$ 2091.6 million by 2029, growing at a CAGR of 8.1% from 2023 to 2029. The market is mainly driven by the significant applications of Drag Reducing Agent in various end use industries. The expanding demands from the Oil & Gas Industry and Chemical Transportation, are propelling Drag Reducing Agent market. High Viscosity Glue, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Low Viscosity Glue segment is estimated at % CAGR for the next seven-year period.
The technical barrier of drag reducing agent is high, and dominated by certain companies, such as LiquidPower Specialty Products, Baker Hughes, Flowchem, Innospec, Oil Flux Americas and NuGenTec, with about 72% market shares.
As for consumption, the largest consumption volume comes from the North America region. The region consumed about 40.48% drag reducing agent globally.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Drag Reducing Agent, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Drag Reducing Agent market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Drag Reducing Agent market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Drag Reducing Agent sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Drag Reducing Agent covered in this report include LiquidPower Specialty Products, Flowchem, GE(Baker Hughes), Innospec, Oil Flux Americas, NuGenTec, Sino Oil King Shine Chemical, DESHI and Qflo, etc.
The global Drag Reducing Agent market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
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
Global Drag Reducing Agent market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Drag Reducing Agent market, Segment by Type:
High Viscosity Glue
Low Viscosity Glue
Rubber Latex
Global Drag Reducing Agent market, by Application
Oil & Gas Industry
Chemical Transportation
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Drag Reducing Agent manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Drag Reducing Agent in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Drag Reducing Agent Market Overview
1.1 Drag Reducing Agent Product Overview
1.2 Drag Reducing Agent Market Segment by Type
1.2.1 High Viscosity Glue
1.2.2 Low Viscosity Glue
1.2.3 Rubber Latex
1.3 Global Drag Reducing Agent Market Size by Type
1.3.1 Global Drag Reducing Agent Market Size Overview by Type (2018-2029)
1.3.2 Global Drag Reducing Agent Historic Market Size Review by Type (2018-2023)
1.3.3 Global Drag Reducing Agent Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Drag Reducing Agent Sales Breakdown by Type (2018-2023)
1.4.2 Europe Drag Reducing Agent Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Drag Reducing Agent Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Drag Reducing Agent Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Drag Reducing Agent Sales Breakdown by Type (2018-2023)
2 Global Drag Reducing Agent Market Competition by Company
2.1 Global Top Players by Drag Reducing Agent Sales (2018-2023)
2.2 Global Top Players by Drag Reducing Agent Revenue (2018-2023)
2.3 Global Top Players by Drag Reducing Agent Price (2018-2023)
2.4 Global Top Manufacturers Drag Reducing Agent Manufacturing Base Distribution, Sales Area, Product Type
2.5 Drag Reducing Agent Market Competitive Situation and Trends
2.5.1 Drag Reducing Agent Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Drag Reducing Agent Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Drag Reducing Agent as of 2022)
2.7 Date of Key Manufacturers Enter into Drag Reducing Agent Market
2.8 Key Manufacturers Drag Reducing Agent Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Drag Reducing Agent Status and Outlook by Region
3.1 Global Drag Reducing Agent Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Drag Reducing Agent Historic Market Size by Region
3.2.1 Global Drag Reducing Agent Sales in Volume by Region (2018-2023)
3.2.2 Global Drag Reducing Agent Sales in Value by Region (2018-2023)
3.2.3 Global Drag Reducing Agent Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Drag Reducing Agent Forecasted Market Size by Region
3.3.1 Global Drag Reducing Agent Sales in Volume by Region (2024-2029)
3.3.2 Global Drag Reducing Agent Sales in Value by Region (2024-2029)
3.3.3 Global Drag Reducing Agent Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Drag Reducing Agent by Application
4.1 Drag Reducing Agent Market Segment by Application
4.1.1 Oil & Gas Industry
4.1.2 Chemical Transportation
4.2 Global Drag Reducing Agent Market Size by Application
4.2.1 Global Drag Reducing Agent Market Size Overview by Application (2018-2029)
4.2.2 Global Drag Reducing Agent Historic Market Size Review by Application (2018-2023)
4.2.3 Global Drag Reducing Agent Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Drag Reducing Agent Sales Breakdown by Application (2018-2023)
4.3.2 Europe Drag Reducing Agent Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Drag Reducing Agent Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Drag Reducing Agent Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Drag Reducing Agent Sales Breakdown by Application (2018-2023)
5 North America Drag Reducing Agent by Country
5.1 North America Drag Reducing Agent Historic Market Size by Country
5.1.1 North America Drag Reducing Agent Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Drag Reducing Agent Sales in Volume by Country (2018-2023)
5.1.3 North America Drag Reducing Agent Sales in Value by Country (2018-2023)
5.2 North America Drag Reducing Agent Forecasted Market Size by Country
5.2.1 North America Drag Reducing Agent Sales in Volume by Country (2024-2029)
5.2.2 North America Drag Reducing Agent Sales in Value by Country (2024-2029)
6 Europe Drag Reducing Agent by Country
6.1 Europe Drag Reducing Agent Historic Market Size by Country
6.1.1 Europe Drag Reducing Agent Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Drag Reducing Agent Sales in Volume by Country (2018-2023)
6.1.3 Europe Drag Reducing Agent Sales in Value by Country (2018-2023)
6.2 Europe Drag Reducing Agent Forecasted Market Size by Country
6.2.1 Europe Drag Reducing Agent Sales in Volume by Country (2024-2029)
6.2.2 Europe Drag Reducing Agent Sales in Value by Country (2024-2029)
7 Asia-Pacific Drag Reducing Agent by Region
7.1 Asia-Pacific Drag Reducing Agent Historic Market Size by Region
7.1.1 Asia-Pacific Drag Reducing Agent Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Drag Reducing Agent Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Drag Reducing Agent Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Drag Reducing Agent Forecasted Market Size by Region
7.2.1 Asia-Pacific Drag Reducing Agent Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Drag Reducing Agent Sales in Value by Region (2024-2029)
8 Latin America Drag Reducing Agent by Country
8.1 Latin America Drag Reducing Agent Historic Market Size by Country
8.1.1 Latin America Drag Reducing Agent Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Drag Reducing Agent Sales in Volume by Country (2018-2023)
8.1.3 Latin America Drag Reducing Agent Sales in Value by Country (2018-2023)
8.2 Latin America Drag Reducing Agent Forecasted Market Size by Country
8.2.1 Latin America Drag Reducing Agent Sales in Volume by Country (2024-2029)
8.2.2 Latin America Drag Reducing Agent Sales in Value by Country (2024-2029)
9 Middle East and Africa Drag Reducing Agent by Country
9.1 Middle East and Africa Drag Reducing Agent Historic Market Size by Country
9.1.1 Middle East and Africa Drag Reducing Agent Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Drag Reducing Agent Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Drag Reducing Agent Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Drag Reducing Agent Forecasted Market Size by Country
9.2.1 Middle East and Africa Drag Reducing Agent Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Drag Reducing Agent Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 LiquidPower Specialty Products
10.1.1 LiquidPower Specialty Products Company Information
10.1.2 LiquidPower Specialty Products Introduction and Business Overview
10.1.3 LiquidPower Specialty Products Drag Reducing Agent Sales, Revenue and Gross Margin (2018-2023)
10.1.4 LiquidPower Specialty Products Drag Reducing Agent Products Offered
10.1.5 LiquidPower Specialty Products Recent Development
10.2 Flowchem
10.2.1 Flowchem Company Information
10.2.2 Flowchem Introduction and Business Overview
10.2.3 Flowchem Drag Reducing Agent Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Flowchem Drag Reducing Agent Products Offered
10.2.5 Flowchem Recent Development
10.3 GE(Baker Hughes)
10.3.1 GE(Baker Hughes) Company Information
10.3.2 GE(Baker Hughes) Introduction and Business Overview
10.3.3 GE(Baker Hughes) Drag Reducing Agent Sales, Revenue and Gross Margin (2018-2023)
10.3.4 GE(Baker Hughes) Drag Reducing Agent Products Offered
10.3.5 GE(Baker Hughes) Recent Development
10.4 Innospec
10.4.1 Innospec Company Information
10.4.2 Innospec Introduction and Business Overview
10.4.3 Innospec Drag Reducing Agent Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Innospec Drag Reducing Agent Products Offered
10.4.5 Innospec Recent Development
10.5 Oil Flux Americas
10.5.1 Oil Flux Americas Company Information
10.5.2 Oil Flux Americas Introduction and Business Overview
10.5.3 Oil Flux Americas Drag Reducing Agent Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Oil Flux Americas Drag Reducing Agent Products Offered
10.5.5 Oil Flux Americas Recent Development
10.6 NuGenTec
10.6.1 NuGenTec Company Information
10.6.2 NuGenTec Introduction and Business Overview
10.6.3 NuGenTec Drag Reducing Agent Sales, Revenue and Gross Margin (2018-2023)
10.6.4 NuGenTec Drag Reducing Agent Products Offered
10.6.5 NuGenTec Recent Development
10.7 Sino Oil King Shine Chemical
10.7.1 Sino Oil King Shine Chemical Company Information
10.7.2 Sino Oil King Shine Chemical Introduction and Business Overview
10.7.3 Sino Oil King Shine Chemical Drag Reducing Agent Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Sino Oil King Shine Chemical Drag Reducing Agent Products Offered
10.7.5 Sino Oil King Shine Chemical Recent Development
10.8 DESHI
10.8.1 DESHI Company Information
10.8.2 DESHI Introduction and Business Overview
10.8.3 DESHI Drag Reducing Agent Sales, Revenue and Gross Margin (2018-2023)
10.8.4 DESHI Drag Reducing Agent Products Offered
10.8.5 DESHI Recent Development
10.9 Qflo
10.9.1 Qflo Company Information
10.9.2 Qflo Introduction and Business Overview
10.9.3 Qflo Drag Reducing Agent Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Qflo Drag Reducing Agent Products Offered
10.9.5 Qflo Recent Development
10.10 Superchem Technology
10.10.1 Superchem Technology Company Information
10.10.2 Superchem Technology Introduction and Business Overview
10.10.3 Superchem Technology Drag Reducing Agent Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Superchem Technology Drag Reducing Agent Products Offered
10.10.5 Superchem Technology Recent Development
10.11 The Zoranoc Oilfield Chemical
10.11.1 The Zoranoc Oilfield Chemical Company Information
10.11.2 The Zoranoc Oilfield Chemical Introduction and Business Overview
10.11.3 The Zoranoc Oilfield Chemical Drag Reducing Agent Sales, Revenue and Gross Margin (2018-2023)
10.11.4 The Zoranoc Oilfield Chemical Drag Reducing Agent Products Offered
10.11.5 The Zoranoc Oilfield Chemical Recent Development
10.12 CNPC
10.12.1 CNPC Company Information
10.12.2 CNPC Introduction and Business Overview
10.12.3 CNPC Drag Reducing Agent Sales, Revenue and Gross Margin (2018-2023)
10.12.4 CNPC Drag Reducing Agent Products Offered
10.12.5 CNPC Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Drag Reducing Agent Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Drag Reducing Agent Industrial Chain Analysis
11.4 Drag Reducing Agent Market Dynamics
11.4.1 Drag Reducing Agent Industry Trends
11.4.2 Drag Reducing Agent Market Drivers
11.4.3 Drag Reducing Agent Market Challenges
11.4.4 Drag Reducing Agent Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Drag Reducing Agent Distributors
12.3 Drag Reducing Agent Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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