Product Code: PM3860
The global drag reducing agent market size is expected to reach USD 1,109.10 Million by 2032, according to a new study by Polaris market research. The report "Drag Reducing Agent Market Share, Size, Trends, Industry Analysis Report, By Product Type (Polymer, Surfactant, Suspension); By Application; By End Use; By Region; Segment Forecast, 2023 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
Pipeline drag reducers have proven to be a very effective instrument for moving fluids. High-molecular-weight polymers are utilized in aqueous, refined, and crude oil pipelines to lower the frictional pressure loss ratio. Governments are stepping forward to increase crude oil pipeline capacity due to the rising demand for hydrocarbons. The Zambian government is looking forward to increasing the pipeline capacity of TAZAMA by at least 30%. The Ministry of Energy is boosting the procurement of drag-reducing agents, which will assist in increasing pipeline capacity. According to the commercial literature, it can boost pipeline capacity by an additional 50%. For DRAs to meet these capacity objectives, there is a direct market need for these chemical additions. The need to meet global energy requirements is driving the demand for DRAs. It is expected to increase in demand as more pipeline owners look to maximize capacity and transport effectiveness.
Companies that transport oil must improve their operational effectiveness and transit capacity. Injecting flow improvers can greatly lower the frictional pressure drops, which are accountable for energy losses & hindering the throughput of oil pipelines. More energy consumption in the pipe-line system caused by the substantial pressure losses in the turbulent flows is widely known to be a serious problem for the fluid flows in industrial piping systems.
Two significant obstacles must be overcome in order to improve crude oil flow conditions in long pipelines: apparent viscosity reduction and drag reduction. The most effective and useful approaches to solving these issues are chemical ones. A common technique is to add a small number of DRAs to the flowing crude oil in order to reduce the pressure drop through a pipeline. Due to the efficiency of the transportation of fluids by drag-reducing agents, their demand will increase soon.
Drag Reducing Agent Market Report Highlights
The polymer segment will grow at a rapid pace due to increased pipeline capacity and increased demand
Crude Oil segment held the largest share, owing to its ability to reduce energy consumption in fluid transportation.
The oil & Gas segment garnered the largest revenue share due to the reduction in maintenance costs.
APAC will grow at a steady pace, owing to an increase in government initiatives to promote the oil and gas industry.
North America garnered the largest share due to rising demand for natural gas in the region.
The global players include: Lubrizol Specialty, Baker Hughes, Oil Flux Americas Flowchem, Innospec, NuGenTec, & Sino Oil King Shine Chemical.
Polaris market research has segmented the drag reducing agent market report based on product type, application, end use and region:
Drag Reducing Agent, Product Type Outlook (Revenue - USD Million, 2019 - 2032)
- Polymer
- Surfactant
- Suspension
Drag Reducing Agent, Application Outlook (Revenue - USD Million, 2019 - 2032)
- Crude Oil
- Multi-phase Liquid
- Refined Products
- Heavy, Asphaltic Crude
- Water Transportation
Drag Reducing Agent, End Use Outlook (Revenue - USD Million, 2019 - 2032)
- Oil & Gas
- Chemicals & Petrochemicals
- Power & Energy
- Agriculture
- Others
Drag Reducing Agent, Regional Outlook (Revenue - USD Million, 2019 - 2032)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Latin America
- Argentina
- Brazil
- Mexico
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
3. Research Methodology
- 3.1. Overview
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Drag Reducing Agent Market Insights
- 4.1. Drag Reducing Agent Market - End Use Snapshot
- 4.2. Drag Reducing Agent Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. The rising need for efficient transportation of petrochemicals
- 4.2.1.2. Increasing demand for oil and gas in emerging countries such as India and China
- 4.2.2. Restraints and Challenges
- 4.2.2.1. Environmental Concerns
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTEL Analysis
- 4.5. Drag Reducing Agent Market End Use Trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Drag Reducing Agent Market, by Product Type
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Drag Reducing Agent Market, by Product Type, 2019-2032 (USD Million)
- 5.3. Polymer
- 5.3.1. Global Drag Reducing Agent Market, by Polymer, by Region, 2019-2032 (USD Million)
- 5.4. Surfactant
- 5.4.1. Global Drag Reducing Agent Market, by Surfactant, by Region, 2019-2032 (USD Million)
- 5.5. Suspension
- 5.5.1. Global Drag Reducing Agent Market, by Suspension, by Region, 2019-2032 (USD Million)
6. Global Drag Reducing Agent Market, by Application
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Drag Reducing Agent Market, by Application, 2019-2032 (USD Million)
- 6.3. Crude Oil
- 6.3.1. Global Drag Reducing Agent Market, by Crude Oil, by Region, 2019-2032 (USD Million)
- 6.4. Multi-phase Liquid
- 6.4.1. Global Drag Reducing Agent Market, by Multi-phase Liquid, by Region, 2019-2032 (USD Million)
- 6.5. Refined Products
- 6.5.1. Global Drag Reducing Agent Market, by Refined Products, by Region, 2019-2032 (USD Million)
- 6.6. Heavy, Asphaltic Crude
- 6.6.1. Global Drag Reducing Agent Market, by Heavy, Asphaltic Crude, by Region, 2019-2032 (USD Million)
- 6.7. Water Transportation
- 6.7.1. Global Drag Reducing Agent Market, by Water Transportation, by Region, 2019-2032 (USD Million)
7. Global Drag Reducing Agent Market, by End Use
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. Global Drag Reducing Agent Market, by End Use, 2019-2032 (USD Million)
- 7.3. Oil & Gas
- 7.3.1. Global Drag Reducing Agent Market, by Oil & Gas, By Region, 2019-2032 (USD Million)
- 7.4. Chemicals & Petrochemicals
- 7.4.1. Global Drag Reducing Agent Market, by Chemicals & Petrochemicals, By Region, 2019-2032 (USD Million)
- 7.5. Power & Energy
- 7.5.1. Global Drag Reducing Agent Market, by Power & Energy, By Region, 2019-2032 (USD Million)
- 7.6. Agriculture
- 7.6.1. Global Drag Reducing Agent Market, by Agriculture, By Region, 2019-2032 (USD Million)
- 7.7. Others
- 7.7.1. Global Drag Reducing Agent Market, by Others, By Region, 2019-2032 (USD Million)
8. Global Drag Reducing Agent Market, by Geography
- 8.1. Key findings
- 8.2. Introduction
- 8.2.1. Drag Reducing Agent Market Assessment, By Geography, 2019-2032 (USD Million)
- 8.3. Drag Reducing Agent Market - North America
- 8.3.1. North America: Drag Reducing Agent Market, by Product Type, 2019-2032 (USD Million)
- 8.3.2. North America: Drag Reducing Agent Market, by End Use, 2019-2032 (USD Million)
- 8.3.3. North America: Drag Reducing Agent Market, by Application, 2019-2032 (USD Million)
- 8.3.4. Drag Reducing Agent Market - U.S.
- 8.3.4.1. U.S.: Drag Reducing Agent Market, by Product Type, 2019-2032 (USD Million)
- 8.3.4.2. U.S.: Drag Reducing Agent Market, by End Use, 2019-2032 (USD Million)
- 8.3.4.3. U.S.: Drag Reducing Agent Market, by Application, 2019-2032 (USD Million)
- 8.3.5. Drag Reducing Agent Market - Canada
- 8.3.5.1. Canada: Drag Reducing Agent Market, by Product Type, 2019-2032 (USD Million)
- 8.3.5.2. Canada.: Drag Reducing Agent Market, by End Use, 2019-2032 (USD Million)
- 8.3.5.3. Canada: Drag Reducing Agent Market, by Application, 2019-2032 (USD Million)
- 8.4. Drag Reducing Agent Market - Europe
- 8.4.1. Europe: Drag Reducing Agent Market, by Product Type, 2019-2032 (USD Million)
- 8.4.2. Europe.: Drag Reducing Agent Market, by End Use, 2019-2032 (USD Million)
- 8.4.3. Europe: Drag Reducing Agent Market, by Application, 2019-2032 (USD Million)
- 8.4.4. Drag Reducing Agent Market - UK
- 8.4.4.1. UK: Drag Reducing Agent Market, by Product Type, 2019-2032 (USD Million)
- 8.4.4.2. UK.: Drag Reducing Agent Market, by End Use, 2019-2032 (USD Million)
- 8.4.4.3. UK: Drag Reducing Agent Market, by Application, 2019-2032 (USD Million)
- 8.4.5. Drag Reducing Agent Market - France
- 8.4.5.1. France: Drag Reducing Agent Market, by Product Type, 2019-2032 (USD Million)
- 8.4.5.2. France.: Drag Reducing Agent Market, by End Use, 2019-2032 (USD Million)
- 8.4.5.3. France: Drag Reducing Agent Market, by Application, 2019-2032 (USD Million)
- 8.4.6. Drag Reducing Agent Market - Germany
- 8.4.6.1. Germany: Drag Reducing Agent Market, by Product Type, 2019-2032 (USD Million)
- 8.4.6.2. Germany.: Drag Reducing Agent Market, by End Use, 2019-2032 (USD Million)
- 8.4.6.3. Germany: Drag Reducing Agent Market, by Application, 2019-2032 (USD Million)
- 8.4.7. Drag Reducing Agent Market - Italy
- 8.4.7.1. Italy: Drag Reducing Agent Market, by Product Type, 2019-2032 (USD Million)
- 8.4.7.2. Italy.: Drag Reducing Agent Market, by End Use, 2019-2032 (USD Million)
- 8.4.7.3. Italy: Drag Reducing Agent Market, by Application, 2019-2032 (USD Million)
- 8.4.8. Drag Reducing Agent Market - Spain
- 8.4.8.1. Spain: Drag Reducing Agent Market, by Product Type, 2019-2032 (USD Million)
- 8.4.8.2. Spain.: Drag Reducing Agent Market, by End Use, 2019-2032 (USD Million)
- 8.4.8.3. Spain: Drag Reducing Agent Market, by Application, 2019-2032 (USD Million)
- 8.4.9. Drag Reducing Agent Market - Netherlands
- 8.4.9.1. Netherlands: Drag Reducing Agent Market, by Product Type, 2019-2032 (USD Million)
- 8.4.9.2. Netherlands.: Drag Reducing Agent Market, by End Use, 2019-2032 (USD Million)
- 8.4.9.3. Netherlands: Drag Reducing Agent Market, by Application, 2019-2032 (USD Million)
- 8.4.10. Drag Reducing Agent Market - Russia
- 8.4.10.1. Russia: Drag Reducing Agent Market, by Product Type, 2019-2032 (USD Million)
- 8.4.10.2. Russia.: Drag Reducing Agent Market, by End Use, 2019-2032 (USD Million)
- 8.4.10.3. Russia: Drag Reducing Agent Market, by Application, 2019-2032 (USD Million)
- 8.5. Drag Reducing Agent Market - Asia Pacific
- 8.5.1. Asia Pacific: Drag Reducing Agent Market, by Product Type, 2019-2032 (USD Million)
- 8.5.2. Asia Pacific.: Drag Reducing Agent Market, by End Use, 2019-2032 (USD Million)
- 8.5.3. Asia Pacific: Drag Reducing Agent Market, by Application, 2019-2032 (USD Million)
- 8.5.4. Drag Reducing Agent Market - China
- 8.5.4.1. China: Drag Reducing Agent Market, by Product Type, 2019-2032 (USD Million)
- 8.5.4.2. China.: Drag Reducing Agent Market, by End Use, 2019-2032 (USD Million)
- 8.5.4.3. China: Drag Reducing Agent Market, by Application, 2019-2032 (USD Million)
- 8.5.5. Drag Reducing Agent Market - India
- 8.5.5.1. India: Drag Reducing Agent Market, by Product Type, 2019-2032 (USD Million)
- 8.5.5.2. India.: Drag Reducing Agent Market, by End Use, 2019-2032 (USD Million)
- 8.5.5.3. India: Drag Reducing Agent Market, by Application, 2019-2032 (USD Million)
- 8.5.6. Drag Reducing Agent Market - Malaysia
- 8.5.6.1. Malaysia: Drag Reducing Agent Market, by Product Type, 2019-2032 (USD Million)
- 8.5.6.2. Malaysia.: Drag Reducing Agent Market, by End Use, 2019-2032 (USD Million)
- 8.5.6.3. Malaysia: Drag Reducing Agent Market, by Application, 2019-2032 (USD Million)
- 8.5.7. Drag Reducing Agent Market - Japan
- 8.5.7.1. Japan: Drag Reducing Agent Market, by Product Type, 2019-2032 (USD Million)
- 8.5.7.2. Japan.: Drag Reducing Agent Market, by End Use, 2019-2032 (USD Million)
- 8.5.7.3. Japan: Drag Reducing Agent Market, by Application, 2019-2032 (USD Million)
- 8.5.8. Drag Reducing Agent Market - Indonesia
- 8.5.8.1. Indonesia: Drag Reducing Agent Market, by Product Type, 2019-2032 (USD Million)
- 8.5.8.2. Indonesia.: Drag Reducing Agent Market, by End Use, 2019-2032 (USD Million)
- 8.5.8.3. Indonesia: Drag Reducing Agent Market, by Application, 2019-2032 (USD Million)
- 8.5.9. Drag Reducing Agent Market - South Korea
- 8.5.9.1. South Korea: Drag Reducing Agent Market, by Product Type, 2019-2032 (USD Million)
- 8.5.9.2. South Korea.: Drag Reducing Agent Market, by End Use, 2019-2032 (USD Million)
- 8.5.9.3. South Korea: Drag Reducing Agent Market, by Application, 2019-2032 (USD Million)
- 8.6. Drag Reducing Agent Market - Middle East & Africa
- 8.6.1. Middle East & Africa: Drag Reducing Agent Market, by Product Type, 2019-2032 (USD Million)
- 8.6.2. Middle East & Africa.: Drag Reducing Agent Market, by End Use, 2019-2032 (USD Million)
- 8.6.3. Middle East & Africa: Drag Reducing Agent Market, by Application, 2019-2032 (USD Million)
- 8.6.4. Drag Reducing Agent Market - Saudi Arabia
- 8.6.4.1. Saudi Arabia: Drag Reducing Agent Market, by Product Type, 2019-2032 (USD Million)
- 8.6.4.2. Saudi Arabia.: Drag Reducing Agent Market, by End Use, 2019-2032 (USD Million)
- 8.6.4.3. Saudi Arabia: Drag Reducing Agent Market, by Application, 2019-2032 (USD Million)
- 8.6.5. Drag Reducing Agent Market - UAE
- 8.6.5.1. UAE: Drag Reducing Agent Market, by Product Type, 2019-2032 (USD Million)
- 8.6.5.2. UAE.: Drag Reducing Agent Market, by End Use, 2019-2032 (USD Million)
- 8.6.5.3. UAE: Drag Reducing Agent Market, by Application, 2019-2032 (USD Million)
- 8.6.6. Drag Reducing Agent Market - Israel
- 8.6.6.1. Israel: Drag Reducing Agent Market, by Product Type, 2019-2032 (USD Million)
- 8.6.6.2. Israel.: Drag Reducing Agent Market, by End Use, 2019-2032 (USD Million)
- 8.6.6.3. Israel: Drag Reducing Agent Market, by Application, 2019-2032 (USD Million)
- 8.6.7. Drag Reducing Agent Market - South Africa
- 8.6.7.1. South Africa: Drag Reducing Agent Market, by Product Type, 2019-2032 (USD Million)
- 8.6.7.2. South Africa.: Drag Reducing Agent Market, by End Use, 2019-2032 (USD Million)
- 8.6.7.3. South Africa: Drag Reducing Agent Market, by Application, 2019-2032 (USD Million)
- 8.7. Drag Reducing Agent Market - Latin America
- 8.7.1. Latin America: Drag Reducing Agent Market, by Product Type, 2019-2032 (USD Million)
- 8.7.2. Latin America.: Drag Reducing Agent Market, by End Use, 2019-2032 (USD Million)
- 8.7.3. Latin America: Drag Reducing Agent Market, by Application, 2019-2032 (USD Million)
- 8.7.4. Drag Reducing Agent Market - Mexico
- 8.7.4.1. Mexico: Drag Reducing Agent Market, by Product Type, 2019-2032 (USD Million)
- 8.7.4.2. Mexico.: Drag Reducing Agent Market, by End Use, 2019-2032 (USD Million)
- 8.7.4.3. Mexico: Drag Reducing Agent Market, by Application, 2019-2032 (USD Million)
- 8.7.5. Drag Reducing Agent Market - Brazil
- 8.7.5.1. Brazil: Drag Reducing Agent Market, by Product Type, 2019-2032 (USD Million)
- 8.7.5.2. Brazil.: Drag Reducing Agent Market, by End Use, 2019-2032 (USD Million)
- 8.7.5.3. Brazil: Drag Reducing Agent Market, by Application, 2019-2032 (USD Million)
- 8.7.6. Drag Reducing Agent Market - Argentina
- 8.7.6.1. Argentina: Drag Reducing Agent Market, by Product Type, 2019-2032 (USD Million)
- 8.7.6.2. Argentina.: Drag Reducing Agent Market, by End Use, 2019-2032 (USD Million)
- 8.7.6.3. Argentina: Drag Reducing Agent Market, by Application, 2019-2032 (USD Million)
9. Competitive Landscape
- 9.1. Expansion and Acquisition Analysis
- 9.1.1. Expansion
- 9.1.2. Acquisitions
- 9.2. Partnerships/Collaborations/Agreements/Exhibitions
10. Company Profiles
- 10.1. Lubrizol Specialty
- 10.1.1. Company Overview
- 10.1.2. Financial Performance
- 10.1.3. Product Benchmarking
- 10.1.4. Recent Development
- 10.2. Baker Hughes
- 10.2.1. Company Overview
- 10.2.2. Financial Performance
- 10.2.3. Product Benchmarking
- 10.2.4. Recent Development
- 10.3. Oil Flux Americas Flowchem
- 10.3.1. Company Overview
- 10.3.2. Financial Performance
- 10.3.3. Product Benchmarking
- 10.3.4. Recent Development
- 10.4. Innospec
- 10.4.1. Company Overview
- 10.4.2. Financial Performance
- 10.4.3. Product Benchmarking
- 10.4.4. Recent Development
- 10.5. NuGenTec
- 10.5.1. Company Overview
- 10.5.2. Financial Performance
- 10.5.3. Product Benchmarking
- 10.5.4. Recent Development
- 10.6. Sino Oil King Shine Chemical
- 10.6.1. Company Overview
- 10.6.2. Financial Performance
- 10.6.3. Product Benchmarking
- 10.6.4. Recent Development