Global Drag Reducing Agent for Oil & Gas
Market Report
2025
The global drag reducing agent for oil & gas market size is USD XX million in 2024. Technological advancements in drug reducing agents manufacturing is expected to boost sales to USD XX million by 2031, with a Compound Annual Growth Rate (CAGR) of 6.10% from 2024 to 2031.
The base year for the calculation is 2024. The historical will be 2021 to 2024. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global drag reducing agent for oil & gas market size will be USD XX million in 2024. It will expand at a compound annual growth rate (CAGR) of 6.10% from 2024 to 2031.
2024 | 2025 | 2032 | 2033 | CAGR | |
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Global Drag Reducing Agent for Oil & Gas Market Sales Revenue | 121212 | 121212 | 121212 | 121212 | 6.1% |
North America Drag Reducing Agent for Oil & Gas Market Sales Revenue | 121212 | 121212 | 121212 | 121212 | 4.3% |
Mexico Drag Reducing Agent for Oil & Gas Market Sales Revenue | 121212 | 121212 | 121212 | 121212 | 4.8% |
Canada Drag Reducing Agent for Oil & Gas Market Sales Revenue | 121212 | 121212 | 121212 | 121212 | 5.1% |
United States Drag Reducing Agent for Oil & Gas Market Sales Revenue | 121212 | 121212 | 121212 | 121212 | 4.1% |
Europe Drag Reducing Agent for Oil & Gas Market Sales Revenue | 121212 | 121212 | 121212 | 121212 | 4.6% |
Spain Drag Reducing Agent for Oil & Gas Market Sales Revenue | 121212 | 121212 | 121212 | 121212 | 3.7% |
United Kingdom Drag Reducing Agent for Oil & Gas Market Sales Revenue | 121212 | 121212 | 121212 | 121212 | 5.4% |
Russia Drag Reducing Agent for Oil & Gas Market Sales Revenue | 121212 | 121212 | 121212 | 121212 | 3.6% |
Italy Drag Reducing Agent for Oil & Gas Market Sales Revenue | 121212 | 121212 | 121212 | 121212 | 4% |
Germany Drag Reducing Agent for Oil & Gas Market Sales Revenue | 121212 | 121212 | 121212 | 121212 | 4.8% |
France Drag Reducing Agent for Oil & Gas Market Sales Revenue | 121212 | 121212 | 121212 | 121212 | 3.8% |
Rest of Europe Drag Reducing Agent for Oil & Gas Market Sales Revenue | 121212 | 121212 | 121212 | 121212 | 3.3% |
Asia Pacific Drag Reducing Agent for Oil & Gas Market Sales Revenue | 121212 | 121212 | 121212 | 121212 | 8.1% |
China Drag Reducing Agent for Oil & Gas Market Sales Revenue | 121212 | 121212 | 121212 | 121212 | 7.6% |
Australia Drag Reducing Agent for Oil & Gas Market Sales Revenue | 121212 | 121212 | 121212 | 121212 | 7.8% |
India Drag Reducing Agent for Oil & Gas Market Sales Revenue | 121212 | 121212 | 121212 | 121212 | 9.9% |
Korea Drag Reducing Agent for Oil & Gas Market Sales Revenue | 121212 | 121212 | 121212 | 121212 | 7.2% |
Japan Drag Reducing Agent for Oil & Gas Market Sales Revenue | 121212 | 121212 | 121212 | 121212 | 6.6% |
Rest of APAC Drag Reducing Agent for Oil & Gas Market Sales Revenue | 121212 | 121212 | 121212 | 121212 | 7.9% |
South America Drag Reducing Agent for Oil & Gas Market Sales Revenue | 121212 | 121212 | 121212 | 121212 | 5.5% |
Argentina Drag Reducing Agent for Oil & Gas Market Sales Revenue | 121212 | 121212 | 121212 | 121212 | 6.4% |
Brazil Drag Reducing Agent for Oil & Gas Market Sales Revenue | 121212 | 121212 | 121212 | 121212 | 6.1% |
Chile Drag Reducing Agent for Oil & Gas Market Sales Revenue | 121212 | 121212 | 121212 | 121212 | 5.8% |
Peru Drag Reducing Agent for Oil & Gas Market Sales Revenue | 121212 | 121212 | 121212 | 121212 | 5.7% |
Colombia Drag Reducing Agent for Oil & Gas Market Sales Revenue | 121212 | 121212 | 121212 | 121212 | 5.3% |
Rest of South America Drag Reducing Agent for Oil & Gas Market Sales Revenue | 121212 | 121212 | 121212 | 121212 | 4.6% |
Middle East Drag Reducing Agent for Oil & Gas Market Sales Revenue | 121212 | 121212 | 121212 | 121212 | 5.8% |
Turkey Drag Reducing Agent for Oil & Gas Market Sales Revenue | 121212 | 121212 | 121212 | 121212 | 5.3% |
Egypt Drag Reducing Agent for Oil & Gas Market Sales Revenue | 121212 | 121212 | 121212 | 121212 | 6.1% |
Rest of MEA Drag Reducing Agent for Oil & Gas Market Sales Revenue | 121212 | 121212 | 121212 | 121212 | 4.8% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by Product Type |
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Market Split by Application |
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Market Split by End-User |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Market Drivers:
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Market Restrains:
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Market Trends:
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Drag Reducing Agent for Oil & Gas Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Drag reducing agents for oil & gas are chemicals added to pipelines to reduce frictional pressure loss, enhance flow efficiency, and optimize transportation of hydrocarbons. The drag reducing agent for oil & gas market is expanding alongside global growth in pipeline networks. Drag reducing agent reduce frictional resistance in pipelines, optimizing flow efficiency and reducing energy consumption. As oil and gas infrastructure expands globally, particularly in regions like North America, Asia Pacific, and the Middle East, the demand for drag reducing agent for oil & gas is increasing. This growth is driven by the need to enhance pipeline capacity and operational efficiency, supporting the efficient transportation of hydrocarbons over longer distances. DRAs play a critical role in mitigating flow turbulence, thereby lowering operational costs and environmental impact across the oil & gas sector.
The drag reducing agent for oil & gas market is expanding rapidly driven by the global expansion of pipeline networks. Drag reducing agent for oil & gas effectively reduce frictional resistance within pipelines, enhancing throughput capacity and operational efficiency while lowering energy consumption. This growth is fueled by increasing demands for efficient transportation of crude oil, natural gas, and refined products across expanding networks worldwide. As the industry seeks cost-effective solutions to maximize pipeline performance and reduce environmental footprint, drag reducing agent for oil & gas play a crucial role in facilitating smooth and efficient operations across diverse geographic and operational conditions.
The drag reducing agent for oil & gas market has seen significant technological advancements, enhancing pipeline efficiency and reducing operational costs. New formulations utilize polymers and nanotechnology to effectively minimize frictional resistance, allowing higher flow rates with reduced energy consumption. These drag reducing agent for oil & gas also mitigate turbulence-induced erosion and improve the lifespan of pipelines, crucial for maintaining productivity and safety in fluid transportation. Innovations in application methods, such as continuous injection systems and real-time monitoring, further optimize drag reducing agent for oil & gas effectiveness.
In the drag reducing agent for oil & gas market a significant restraint lies in the lack of awareness and technical expertise in certain regions. Many potential users, particularly in emerging markets or smaller oil fields, may not fully understand the benefits or application of DRAs due to limited education and exposure. This hampers adoption and investment in drag reducing agent for oil & gas, despite their proven efficiency in reducing pipeline friction and operational costs. Addressing this gap through targeted education and local partnerships is crucial to unlocking the full potential of drag reducing agent for oil & gas in these regions.
The drag reducing agent for oil & gas market has been impacted by COVID-19, primarily due to reduced global energy demand and disrupted supply chains. This has affected production schedules and investment in new projects, impacting the demand for drag reducing agent for oil & gas. Despite these challenges, the market is expected to recover as oil prices stabilize and operations resume. Drag reducing agent for oil & gas continue to be essential for enhancing pipeline efficiency, reducing energy consumption, and optimizing flow rates in oil and gas transportation, thereby sustaining their relevance in the industry's recovery phase.
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The competitive landscape of the drag reducing agent for oil & gas market is characterized by a range of players competing to gain market share through product innovation, strategic partnerships, and aggressive marketing efforts. Key players in the market include established electronics manufacturers, specialized drag reducing agent for oil & gas companies, and emerging start-ups aiming to disrupt the market with innovative solutions.
Top Companies Market Share in Drag Reducing Agent for Oil & Gas Industry: (In no particular order of Rank)
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According to Cognitive Market Research, North America dominated the market in 2024. It accounted for around 40% of the global revenue due to the region's increasing pipeline infrastructure expansion, and the quest for operational efficiency in hydrocarbon transportation further propelled the demand for drag reducing agent for oil & gas, supporting their widespread adoption across the region.
Asia Pacific stands out as the fastest-growing region in the drag reducing agent for oil & gas market due to the region's increasing oil exploration activities, particularly in offshore fields, where reducing pipeline friction enhances flow efficiency and reduces pumping costs. The region's growing energy demand and investments in pipeline infrastructure further fuel the demand for drag reducing agent for oil & gas, optimizing oil and gas transport operations across diverse geographical and operational conditions.
The current report Scope analyzes Drag Reducing Agent for Oil & Gas Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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According to Cognitive Market Research, the global drag reducing agent for oil & gas market size was estimated at USD XX Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.3% from 2024 to 2031
According to Cognitive Market Research, the global drag reducing agent for oil & gas market size was estimated at USD XX Million, out of which Europe held the market of more than 30% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.6% from 2024 to 2031
According to Cognitive Market Research, the global drag reducing agent for oil & gas market size was estimated at USD XX Million, out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.1% from 2024 to 2031
According to Cognitive Market Research, the global drag reducing agent for oil & gas market size was estimated at USD XX Million, out of which the Drag Reducing Agent For Oil & Gas market has more than 5% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.5% from 2024 to 2031.
According to Cognitive Market Research, the global drag reducing agent for oil & gas market size was estimated at USD XX Million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.8% from 2024 to 2031.
Global Drag Reducing Agent for Oil & Gas Market Report 2025 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Drag Reducing Agent for Oil & Gas Industry growth. Drag Reducing Agent for Oil & Gas market has been segmented with the help of its Product Type, Application End-User, and others. Drag Reducing Agent for Oil & Gas market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to Cognitive Market Research, low-viscosity glue stands out as the dominant category over the projected period due to the increasing demand in electronics, woodworking, and medical industries, driven by advancements in adhesive technology and increasing applications in precision manufacturing and assembly processes.
Rubber latex emerges as the fastest-growing category in the drag reducing agent for oil & gas market over the projected period due to its flexibility and durability, catering to diverse applications in medical, industrial, and consumer goods sectors. These drivers underscore its pivotal role in both energy infrastructure optimization and versatile product manufacturing.
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According to Cognitive Market Research, the dominant category is refined products due to their ability to enhance pipeline efficiency, reduce energy consumption, and minimize operational costs. The increasing demand for efficient transportation of crude oil, natural gas, and refined products globally is a key driver, and advancements in pipeline technology support this.
The fastest-growing category in the drag reducing agent for oil & gas market is the multi-phase liquid due to their ability to enhance flow efficiency in multi-phase liquid pipelines. These agents reduce frictional pressure losses, optimize transport processes, and lower energy consumption, which is crucial for cost-effective and efficient pipeline operations.
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According to Cognitive Market Research, the dominant category is oil transportation due to the rising need to optimize pipeline flow efficiency, reduce energy consumption, and lower operational costs. Increased crude oil production and expanding pipeline infrastructure further propel the demand for DRAs in this sector.
The fastest-growing category in the drag reducing agent for oil & gas market is gas transportation due to increasing need to enhance pipeline efficiency, reduce energy consumption, and minimize operational costs. These agents improve flow rates, thereby increasing throughput capacity and ensuring more efficient and cost-effective transportation of natural gas.
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Manoj Phagare is a dynamic and results-driven research analyst with a passion for transforming raw data into actionable insights. Armed with a solid foundation in market research and data analysis and working in various domains including chemical & materials and paints & coatings. He thrive on the challenge of uncovering patterns, trends, and opportunities that drive strategic decision-making.His analytical mindset, coupled with effective communication skills, allows him to bridge the gap between data analysis and practical business applications.
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Disclaimer:
Product Type | High Viscosity Glue, Low Viscosity Glue, Rubber Latex |
Application | Crude Oil, Multi-phase Liquid, Refined Products, Heavy, Asphaltic Crude, Other |
End-User | Gas Transportation, Oil Transportation |
List of Competitors | Baker Hughes, Flowchem, Innospec, Lubrizol Specialty Products Inc., NuGenTec, Oil Flux Americas, Sino Oil King Shine Chemical, Superchem Technology, The Zoranoc Oilfield Chemical, China National Petroleum Corporation |
This chapter will help you gain GLOBAL Market Analysis of Drag Reducing Agent for Oil & Gas. Further deep in this chapter, you will be able to review Global Drag Reducing Agent for Oil & Gas Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Drag Reducing Agent for Oil & Gas. Further deep in this chapter, you will be able to review North America Drag Reducing Agent for Oil & Gas Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Drag Reducing Agent for Oil & Gas. Further deep in this chapter, you will be able to review Europe Drag Reducing Agent for Oil & Gas Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Drag Reducing Agent for Oil & Gas. Further deep in this chapter, you will be able to review Asia Pacific Drag Reducing Agent for Oil & Gas Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Drag Reducing Agent for Oil & Gas. Further deep in this chapter, you will be able to review South America Drag Reducing Agent for Oil & Gas Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East Market Analysis of Drag Reducing Agent for Oil & Gas. Further deep in this chapter, you will be able to review Middle East Drag Reducing Agent for Oil & Gas Market Split by various segments and Country Split.
Chapter 6 Middle East Market Analysis
This chapter will help you gain Middle East Market Analysis of Drag Reducing Agent for Oil & Gas. Further deep in this chapter, you will be able to review Middle East Drag Reducing Agent for Oil & Gas Market Split by various segments and Country Split.
Chapter 7 Africa Market Analysis
This chapter provides an in-depth analysis of the market share among key competitors of Drag Reducing Agent for Oil & Gas. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Product Type Analysis 2019 -2031, will provide market size split by Product Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Product Type Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Application Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 12 Market Split by End-User Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Drag Reducing Agent for Oil & Gas market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Chapter 14 Research Methodology and Sources
Why High Viscosity Glue have a significant impact on Drag Reducing Agent for Oil & Gas market? |
What are the key factors affecting the High Viscosity Glue and Low Viscosity Glue of Drag Reducing Agent for Oil & Gas Market? |
What is the CAGR/Growth Rate of Crude Oil during the forecast period? |
By type, which segment accounted for largest share of the global Drag Reducing Agent for Oil & Gas Market? |
Which region is expected to dominate the global Drag Reducing Agent for Oil & Gas Market within the forecast period? |
Segmentation Level Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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