According to the current analysis of Reports and Data, the global DRA market was valued at USD 930.4 Million in 2019 and is expected to reach USD 2.24 Billion by year 2028, 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.
The latest industry analysis report offers in-depth information regarding the key segments and sub-segments of the global Drag Reduction Agent industry and emphasizes the current pandemic situation that has significantly disrupted the industry’s growth trend. Key dynamics impacting market growth include drivers, restraints, opportunities, supply demand ratios, emerging market trends, technological innovations, and value chain analysis. The report further highlights some major challenges, imminent risks and threats, and stringent government policies and regulations that are expected to impede market growth during the forecast period. The report is aimed at enabling readers to gain deep insights into the global Drag Reduction Agent market and its core mechanism and capitalize on the favorable market growth prospects. It further offers a concise summary of the Drag Reduction Agent market’s intensely competitive landscape and lists down the leading players in the market. This section of the report also highlights the strategic initiatives undertaken by these players for long-term business growth.
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Drag Reduction Agent Industry Overview
The global materials chemicals industry revenue growth can be majorly attributed to increasing demand for essential consumer goods including soaps, detergents, and beauty personal care products worldwide, rising preference for sustainable and eco-friendly raw materials, and growing use of advanced chemicals and raw materials in industries including agriculture, food beverage industries, buildings construction, automotive, packaging, and manufacturing industries. Other major factors driving growth of this industry are rising pollution levels, increasing environmental awareness, increasing use of technologically advanced chemicals and materials, and rising demand for organic materials.
Key Companies: 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 are dominating players in the market and are the companies considered for this report.
Product Type (Revenue USD Million; Volume in Tons, 2017-2027)
- High Viscosity Glue
- Low Viscosity Glue
- Rubber Latex
Application Outlook (Revenue USD Million; Volume in Tons, 2017-2027)
- Crude Oil
- Blood Treatment
- Chemical Transportation
- Other Application
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Global Drag Reduction Agent Market Segmentation: Regional Outlook
- North America
- Latin America
- Asia Pacific
- Rest of Asia Pacific
- Middle East Africa
- Saudi Arabia
- South Africa
- Rest of Middle East Africa
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