Drag reducing agent likewise called flow improver or drag reducer, is a long chain polymer substance that is utilized in raw petroleum, refined items or non-consumable water pipelines. It is infused in little amounts and is utilized to diminish the frictional pressure drop along the pipeline’s length.

How Big is The Drag Reducing Agent market?

The Drag Reducing Agent Market is expected to exceed more than US$ 1.60 Billion by 2027 at a CAGR of 8.0% in the given forecast period.

The major driving factors of Drag Reducing Agent Market are as follows:

• Growing petroleum industry and growth in crude oil demands
• Need to curtail costs
• Increased use of shifting commodity prices
• R&D investments in Drag Reducing Agent industries

The major restraining factors of Drag Reducing Agent Market are as follows:

• Mostly depends on environmental concerns and other industries
• Increased competition & strength of private companies

The major opportunities of Drag Reducing Agent Market are as follows:

• Increasing Demand for Lightweight Drag Reducing Agent s
• Advance Electronically Controlled Air Suspension

The Drag Reducing Agent Market has been segmented as below:

By Type:

• Viscosity Glue
• Low Viscosity Glue
• Rubber Latex

By Application:

• Oil & Gas Industry
• Chemical Transportation
• Others

By Regional Analysis:

•     North America
•     Europe
•     Asia-Pacific
•     Rest of the World

The Drag Reducing Agent Market is segmented on the lines of its technology, component, vehicle type and regional. On type basis it is segmented as Viscosity Glue, Low Viscosity Glue and Rubber Latex. Based on application it includes Oil & Gas Industry  ,Chemical Transportation and Others.  The Drag Reducing Agent Market on geographic segmentation covers various regions such as North America, Europe, Asia Pacific, and Rest of World. Each geographic market is further segmented to provide market revenue for select countries such as the U.S., Canada, U.K. Germany, China, Japan, India, Brazil, and GCC countries.

This report provides:
1) An overview of the global market for Drag Reducing Agent Market and related technologies.
2) Analyses of global market trends, with data from 2019, estimates for 2020 and 2021, and projections of compound annual growth rates (CAGRs) through 2027.
3) Identifications of new market opportunities and targeted promotional plans for Drag Reducing Agent Market.

4) Discussion of research and development, and the demand for new products and new applications.
5) Comprehensive company profiles of major players in the industry. 

Report Scope:

The scope of the report includes a detailed study of Drag Reducing Agent Market with the reasons given for variations in the growth of the industry in certain regions.

The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global market. Key players profiled in the report include LSPI, Flowchem, Baker Hughes, Innospec, Oil Flux Americas, NuGenTec, Sino Oil King Shine Chemical, DESHI, Qflo, Superchem Technology, The Zoranoc Oilfield Chemical and CNPC. Company profile includes assign such as company summary, financial summary, business strategy and planning, SWOT analysis and current developments.

The Top Companies Report is intended to provide our buyers with a snapshot of the industry’s most influential players.

Reasons to Buy this Report:
1) Obtain the most up to date information available on all Drag Reducing Agent Market.

2) Identify growth segments and opportunities in the industry.

3) Facilitate decision making on the basis of strong historic and forecast of Drag Reducing Agent Market.

4) Assess your competitor’s refining portfolio and its evolution.

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