Drag Reduction Agent Market

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Drag Reduction Agent Market To Reach USD 2.04
Billion By 2026
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Market Summary

• The rise in oil gas exploration activities, the
  growth of chemical industries and agricultural
  activities across the globe and favorable
  research funding scenario for the use of DRAs in
  the medical field are key factors contributing to
  high CAGR of the Global DRA Market.
• Market Size USD 930.4 Million in 2018, Market
  Growth - CAGR of 10.2 in the year 2026, Market
  Trends Growth in Oil gas, chemical and
  agricultural industry and the introduction of
  DRAs to the medical field.
• According to the current analysis of Reports and
  Data, the global DRA market was valued at USD
  930.4 million in 2018 and is expected to reach
  USD 2.04 Billion by year 2026, at a CAGR of
  10.2. The study segments the global DRA market
  based on product type, product, application, and
  end-use. The research takes a closer look at
  prominent driving factors responsible for this
  10.2 CAGR. The study also analyses the market
  share of each region, company, and product. The
  report also presents constraints, opportunities,
  threats, challenges, and Investment opportunities
  prevailing in the market.

3
Market Summary

• Further key findings from the report suggest
• The major driving forces are the growth in oil
  gas expeditions, chemical refinement, and
  agricultural activities. All these activities
  involve the passing of some sort of fluid through
  a tube which is where DRAs come into play. It
  reduces the friction inside the pipe, allowing
  efficient flow of fluid through these tubes.
• The primary purpose and advantage of DRAs are it
  lowers pipeline frictional pressure loss by
  reducing the turbulence in the flow. It also
  alleviates constraints in a pipeline, overall
  allowing the flow rate across the pipeline to be
  increased. Accelerating flow rate allows the
  operator to save pumping energy as the pressure
  required to maintain the flow is reduced, thereby
  drastically reducing energy management costs.
• Currently, the market is estimated at USD 930.4
  million and is predicted to grow at a CAGR of
  10.2, forecasting global valuation at 2.04
  Billion USD in 2026.
• Different liquids require different strengths of
  DRAs. The heavier the liquid, the stronger the
  DRA needs to be. The most transported liquid in
  the petroleum industry is heavy crude oil and
  requires high viscosity glue making it the most
  popular DRA product.
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4
Market Summary

• Key players Baker Hughes, Partow Ideh Pars.,
  LiquidPower Specialty Products Inc., Oil Flux
  Americas, NuGenTec, Innospec, Lubrizol Specialty
  Products Inc., Sino Oil King Shine Chemical,
  Flowchem, National Petroleum Corporation, and The
  Zoranoc Oilfield Chemical.
• SegmentationFor this report, Reports and Data
  have segmented the Drag Reduction Agent market
  based on ingredient, product type, application,
  end-use, and region
• Product Type (Revenue USD Million Volume in
  Tons, 2016-2026)
• High Viscosity Glue
• Low Viscosity Glue
• Rubber Latex
• Application Outlook (Revenue USD Million Volume
  in Tons, 2016-2026)
• Crude Oil
• Irrigation
• Blood Treatment
• Chemical Transportation
• Other Application

5
Market Summary

• Regional Outlook (Volume, Kilo Tons Revenue, USD
  Billion 2016-2026)
• North America
• Europe
• Asia Pacific
• MEA
• Latin America
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