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Global Drag Reducing Additives (DRA) Market Size,Trends, Growth Forecast to 2031

Category : Chemicals & Materials | Report Code : 1734 | Pages : 141 | Oct 2024

Report Overview

Drag-reducing additives (DRA), or drag-reducing polymers (DRP's), are additives in pipelines that reduce turbulence in a pipe. Usually used in petroleum pipelines, they increase the pipeline capacity by reducing turbulency and increasing laminar flow.

The global Drag Reducing Additives (DRA) market size is projected to grow from US$ 780 million in 2024 to US$ 972 million in 2030; it is expected to grow at a CAGR of 3.7% from 2024 to 2030.

Analytic Insights Hub' newest research report, the “Drag Reducing Additives (DRA) Industry Forecast” looks at past sales and reviews total world Drag Reducing Additives (DRA) sales in 2023, providing a comprehensive analysis by region and market sector of projected Drag Reducing Additives (DRA) sales for 2024 through 2030. With Drag Reducing Additives (DRA) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Drag Reducing Additives (DRA) industry.

This Insight Report provides a comprehensive analysis of the global Drag Reducing Additives (DRA) landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Drag Reducing Additives (DRA) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Drag Reducing Additives (DRA) market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Drag Reducing Additives (DRA) and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Drag Reducing Additives (DRA).

Global Drag Reducing Additives (DRA) key players include LiquidPower Specialty Products, Flowchem, Baker Hughes, Innospec, Sino Oil King Shine Chemical, etc. Global top three players hold a share about 50%. The Drag Reducing Additives (DRA) are mainly produced in China and North America, these regions are dominating the global market, hold a market share about 90 percent.

The global Drag Reducing Additives (DRA) market is witnessing significant growth, driven by the increasing need for optimizing fluid flow in pipelines and improving energy efficiency across industries such as oil & gas, chemicals, and water management. DRAs, also known as flow improvers, are widely used in pipelines to reduce friction and turbulence, allowing for the smoother and more efficient transportation of liquids like crude oil, refined fuels, and water. In the oil and gas industry, the expansion of pipeline networks and the need to maximize throughput without costly infrastructure upgrades have fueled demand for DRAs, particularly in regions like North America, where unconventional oil extraction is booming. Additionally, growing concerns over energy conservation and reducing operational costs are pushing companies to adopt DRA technology for more sustainable operations.

Beyond the oil and gas sector, the use of DRAs is expanding into other areas such as water treatment, irrigation systems, and chemical processing. In regions facing water scarcity, DRAs are increasingly being used to improve water flow in pipelines and reduce pumping costs, helping to enhance the efficiency of water distribution networks. The Asia-Pacific region is expected to experience strong market growth due to its rapid industrialization, urbanization, and the expansion of its oil and gas pipeline infrastructure. Advancements in DRA formulations, including the development of environmentally friendly and biodegradable additives, are also contributing to the market’s expansion by meeting regulatory requirements and addressing environmental concerns. As industries continue to prioritize energy efficiency and cost reduction, the global DRA market is expected to grow steadily in the coming years.

This report presents a comprehensive overview, market shares, and growth opportunities of Drag Reducing Additives (DRA) market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
    Water-Soluble Drag Reducing Additives
    Oil-Soluble Drag Reducing Additives

Segmentation by Application:
    Crude Oil pipeline
    Finished Fuels pipeline
    Chemical
    Others

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
    LiquidPower Specialty Products
    Flowchem
    Baker Hughes
    Innospec
    Oil Flux Americas
    NuGenTec
    Sino Oil King Shine Chemical
    DESHI
    Qflo
    Superchem Technology
    The Zoranoc Oilfield Chemical
    CNPC

Key Questions Addressed in this Report
What is the 10-year outlook for the global Drag Reducing Additives (DRA) market?
What factors are driving Drag Reducing Additives (DRA) market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Drag Reducing Additives (DRA) market opportunities vary by end market size?
How does Drag Reducing Additives (DRA) break out by Type, by Application?

Frequently Asked Questions?

Ans - The purpose of a Drag Reducing Additives (DRA) market research report is to provide data-driven insights and analysis on a Drag Reducing Additives (DRA) market. It helps businesses understand industry trends, competition, consumer behavior, market size, growth potential, and risks, supporting strategic decision-making.

Ans - Market research reports typically include both quantitative (market size, revenue, growth rates) and qualitative (trends, consumer preferences, competitive analysis) data. It often includes industry statistics, surveys, expert opinions, historical data, and future forecasts.

Ans - The forecast period typically for Drag Reducing Additives (DRA) market report spans the next 5 to 10 years. It includes projected market trends, growth opportunities, and potential challenges.

Ans - Yes, Analytic Insights Hub customization services, allowing businesses to focus on specific geographies, sectors, or market segments that are relevant to them.

Ans - The report highlights major trends such as technological innovations, consumer behavior shifts, regulatory changes, or emerging markets that may impact the industry?s growth.