Market Overview:
The global drag reducing agent market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for drag reducing agents from the oil & gas industry and chemical transportation applications. In terms of type, high viscosity glue is expected to dominate the market during the forecast period, owing to its ability to reduce turbulence and improve flowability in pipelines. Low viscosity glue is also projected to witness significant growth during the forecast period, due to its ability minimize pressure drop and increase throughput in pipelines.
Product Definition:
A drag reducing agent is a substance that is added to a fluid in order to reduce the amount of friction between the fluid and its surroundings. Drag reduction has many important applications, including in the transportation of fluids (such as oil and gas) and in the manufacturing of products such as textiles.
High Viscosity Glue:
High viscosity glue is a type of hot melt adhesives, which has a higher melting point compared to normal viscous glues. The product is manufactured by the addition of water or alcohol to the adhesive base along with other additives. High Viscosity Glue provides better bond strength and longer open time when compared to normal viscous glue.
Low Viscosity Glue:
Glue is a chemical that adheres or bonds two or more substances together. The substance used as glue can be an organic polymer, inorganic compound, or natural product. In the building and construction industry, it is used to stick paper &tissue walls to the backing material such as metal sheets and tiles. It also finds application in lamination processes for magazines and books binding materials such as plastic covers with pages of paper.
Application Insights:
The chemical transportation application segment led the global drag reducing agents market in 2017 and is projected to expand at a revenue-based CAGR of XX% over the forecast period. The growth can be attributed to increasing use of these products for lubricating heavy-duty equipment during transfer operations, which result in reduced fuel consumption and emission.
The oil & gas industry accounted for a major share in 2017 owing to rising demand for crude oil from various regions including Oceania and Africa. The growing need for efficient transportation solutions has resulted in increased utilization of these products within the industry across all its logistics channels such as pipeline transport system, tankers/bulk carriers as well as onshore & offshore facilities. These factors are anticipated to drive product demand over the coming years within this sector with significant expansion projects ongoing globally that will further augment growth prospects over next few years.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing demand from end-use industries such as oil & gas, construction, automotive, and manufacturing. In addition, rising investments by various governments for infrastructural development are anticipated to drive product demand in Asia Pacific over the forecast period.
The Asia Pacific has witnessed a significant increase in production activities owing to cost-effective labor availability along with high economic growth rates of emerging economies such as China and India.
Growth Factors:
- Increasing demand for fuel-efficient vehicles
- Stringent emission norms by regulatory authorities
- Rising awareness about the benefits of using drag reducing agents
- Technological advancements in the field of drag reduction technologies
- Growing popularity of eco-friendly and low-emission vehicles
Scope Of The Report
Report Attributes
Report Details
Report Title
Drag Reducing Agent Market Research Report
By Type
High Viscosity Glue, Low Viscosity Glue, Rubber Latex
By Application
Oil & Gas Industry, Chemical Transportation
By Companies
LiquidPower Specialty Products, Flowchem, GE(Baker Hughes), Innospec, Oil Flux Americas, NuGenTec, Sino Oil King Shine Chemical, DESHI, Qflo, Superchem Technology, The Zoranoc Oilfield Chemical, CNPC
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
243
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Drag Reducing Agent Market Report Segments:
The global Drag Reducing Agent market is segmented on the basis of:
Types
High Viscosity Glue, Low Viscosity Glue, Rubber Latex
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Oil & Gas Industry, Chemical Transportation
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- LiquidPower Specialty Products
- Flowchem
- GE(Baker Hughes)
- Innospec
- Oil Flux Americas
- NuGenTec
- Sino Oil King Shine Chemical
- DESHI
- Qflo
- Superchem Technology
- The Zoranoc Oilfield Chemical
- CNPC
Highlights of The Drag Reducing Agent Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- High Viscosity Glue
- Low Viscosity Glue
- Rubber Latex
- By Application:
- Oil & Gas Industry
- Chemical Transportation
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Drag Reducing Agent Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A drag reducing agent is a substance that reduces the amount of air resistance encountered while flying. This allows for an aircraft to fly faster and with less effort. Drag reducing agents can be found in many common household items, such as shampoo, soap, and deodorant.
Some of the major companies in the drag reducing agent market are LiquidPower Specialty Products, Flowchem, GE(Baker Hughes), Innospec, Oil Flux Americas, NuGenTec, Sino Oil King Shine Chemical, DESHI, Qflo, Superchem Technology, The Zoranoc Oilfield Chemical, CNPC.
The drag reducing agent market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Drag Reducing Agent Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Drag Reducing Agent Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Drag Reducing Agent Market - Supply Chain
4.5. Global Drag Reducing Agent Market Forecast
4.5.1. Drag Reducing Agent Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Drag Reducing Agent Market Size (000 Units) and Y-o-Y Growth
4.5.3. Drag Reducing Agent Market Absolute $ Opportunity
5. Global Drag Reducing Agent Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Drag Reducing Agent Market Size and Volume Forecast by Type
5.3.1. High Viscosity Glue
5.3.2. Low Viscosity Glue
5.3.3. Rubber Latex
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Drag Reducing Agent Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Drag Reducing Agent Market Size and Volume Forecast by Application
6.3.1. Oil & Gas Industry
6.3.2. Chemical Transportation
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Drag Reducing Agent Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Drag Reducing Agent Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Drag Reducing Agent Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Drag Reducing Agent Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Drag Reducing Agent Demand Share Forecast, 2019-2026
9. North America Drag Reducing Agent Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Drag Reducing Agent Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Drag Reducing Agent Market Size and Volume Forecast by Application
9.4.1. Oil & Gas Industry
9.4.2. Chemical Transportation
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Drag Reducing Agent Market Size and Volume Forecast by Type
9.7.1. High Viscosity Glue
9.7.2. Low Viscosity Glue
9.7.3. Rubber Latex
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Drag Reducing Agent Demand Share Forecast, 2019-2026
10. Latin America Drag Reducing Agent Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Drag Reducing Agent Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Drag Reducing Agent Market Size and Volume Forecast by Application
10.4.1. Oil & Gas Industry
10.4.2. Chemical Transportation
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Drag Reducing Agent Market Size and Volume Forecast by Type
10.7.1. High Viscosity Glue
10.7.2. Low Viscosity Glue
10.7.3. Rubber Latex
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Drag Reducing Agent Demand Share Forecast, 2019-2026
11. Europe Drag Reducing Agent Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Drag Reducing Agent Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Drag Reducing Agent Market Size and Volume Forecast by Application
11.4.1. Oil & Gas Industry
11.4.2. Chemical Transportation
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Drag Reducing Agent Market Size and Volume Forecast by Type
11.7.1. High Viscosity Glue
11.7.2. Low Viscosity Glue
11.7.3. Rubber Latex
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. arket Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Drag Reducing Agent Demand Share, 2019-2026
12. Asia Pacific Drag Reducing Agent Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Drag Reducing Agent Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Drag Reducing Agent Market Size and Volume Forecast by Application
12.4.1. Oil & Gas Industry
12.4.2. Chemical Transportation
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Drag Reducing Agent Market Size and Volume Forecast by Type
12.7.1. High Viscosity Glue
12.7.2. Low Viscosity Glue
12.7.3. Rubber Latex
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Drag Reducing Agent Demand Share, 2019-2026
13. Middle East & Africa Drag Reducing Agent Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Drag Reducing Agent Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Drag Reducing Agent Market Size and Volume Forecast by Application
13.4.1. Oil & Gas Industry
13.4.2. Chemical Transportation
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Drag Reducing Agent Market Size and Volume Forecast by Type
13.7.1. High Viscosity Glue
13.7.2. Low Viscosity Glue
13.7.3. Rubber Latex
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Drag Reducing Agent Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Drag Reducing Agent Market: Market Share Analysis
14.2. Drag Reducing Agent Distributors and Customers
14.3. Drag Reducing Agent Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. LiquidPower Specialty Products
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Flowchem
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. GE(Baker Hughes)
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Innospec
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Oil Flux Americas
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. NuGenTec
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Sino Oil King Shine Chemical
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. DESHI
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Qflo
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Superchem Technology
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. The Zoranoc Oilfield Chemical
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. CNPC
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook