Market Overview:
The global drag reducing agent for chemical application market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X% during the forecast period. The market growth can be attributed to the increasing demand for drag reducing agents from various end-use industries such as chemical synthesis, chemical transmission and others. In terms of type, the high viscosity glue segment is expected to account for a major share of the global market during the forecast period. This can be attributed to its ability to reduce turbulence and improve flowability in viscous liquids.
Product Definition:
A drag reducing agent (DRA) is a substance added to a fluid in order to reduce the drag exerted on the object being moved by that fluid. Drag reduction can be important in many industrial and transportation applications where minimizing energy consumption or maximizing speed is desired.
High Viscosity Glue:
High viscosity glue is a viscous material that remains at rest in a fluid-like state. It has the ability to resist shear forces and thus, remains unaffected by the surface on which it is applied. The product’s resistance to shear enables it to be used as an effective adhesive for various substrates such as paper, cardboards, plastics & polymers and metals & alloys.
Low Viscosity Glue:
Glue is a viscous material that holds Things Together. There are various types of glue including hot melt, cold-melt, and hot-melt. The viscosity of glue depends on the temperature at which it is manufactured and its storage conditions.
Application Insights:
The others application segment accounted for the largest revenue share in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The chemical synthesis application segment is also estimated to witness significant growth during the same period owing to its rising demand from various industries such as pharmaceuticals, paints & coatings, adhesives & sealants, etc. Chemical transmission applications are expected to be one of the prominent segments driving market growth over the forecast period due to high product usage in this application type.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. This can be attributed to increasing foreign investments in countries such as China, India, and Japan. For instance, according to The World Bank Group “China has made significant progress on reducing drag Queen Elizabeth II attractiveness award Drag Reducing Agent for Chemical Application Market by Type (High Viscosity Glue, Low Viscosity Glue, Rubber Latex)†that chemical manufacturers are looking at opportunities in this region due to low labor costs coupled with high demand for chemicals.
The Asia Pacific is also home to some of the fastest-growing economies such as China and India which have a huge potential for growth of various industries including manufacturing industry.
Growth Factors:
- Increasing demand for drag reducing agents from the chemical processing industry for improving the efficiency of pipelines and other equipment.
- Rising awareness about the benefits of using drag reducing agents in various industrial applications, which is expected to boost market growth over the forecast period.
- Growing investments by key players in research and development activities to develop new and innovative drag reducing agents products that meet specific requirements of different industries.
- Proliferation of shale gas exploration and production activities across North America is anticipated to create opportunities for market growth during the forecast period
Scope Of The Report
Report Attributes
Report Details
Report Title
Drag Reducing Agent for Chemical Application Market Research Report
By Type
High Viscosity Glue, Low Viscosity Glue, Rubber Latex
By Application
Chemical Synthesis, Chemical Transmission, Others
By Companies
LSPI, Flowchem, 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
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Drag Reducing Agent for Chemical Application Market Report Segments:
The global Drag Reducing Agent for Chemical Application 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
Chemical Synthesis, Chemical Transmission, Others
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:
- LSPI
- Flowchem
- 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 for Chemical Application 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:
- Chemical Synthesis
- Chemical Transmission
- Others
- 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 for Chemical Application 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 chemical that reduces the amount of air or gas that is required to move a liquid or solid through an industrial process. Drag reducing agents can be used in many different industrial processes, including manufacturing, processing and transportation.
Some of the key players operating in the drag reducing agent for chemical application market are LSPI, Flowchem, Baker Hughes, Innospec, Oil Flux Americas, NuGenTec, Sino Oil King Shine Chemical, DESHI, Qflo, Superchem Technology, The Zoranoc Oilfield Chemical, CNPC.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Drag Reducing Agent for Chemical Application 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 for Chemical Application 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 for Chemical Application Market - Supply Chain
4.5. Global Drag Reducing Agent for Chemical Application Market Forecast
4.5.1. Drag Reducing Agent for Chemical Application Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Drag Reducing Agent for Chemical Application Market Size (000 Units) and Y-o-Y Growth
4.5.3. Drag Reducing Agent for Chemical Application Market Absolute $ Opportunity
5. Global Drag Reducing Agent for Chemical Application 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 for Chemical Application 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 for Chemical Application 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 for Chemical Application Market Size and Volume Forecast by Application
6.3.1. Chemical Synthesis
6.3.2. Chemical Transmission
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Drag Reducing Agent for Chemical Application 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 for Chemical Application 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 for Chemical Application 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 for Chemical Application 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 for Chemical Application Demand Share Forecast, 2019-2029
9. North America Drag Reducing Agent for Chemical Application 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 for Chemical Application 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 for Chemical Application Market Size and Volume Forecast by Application
9.4.1. Chemical Synthesis
9.4.2. Chemical Transmission
9.4.3. Others
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 for Chemical Application 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 for Chemical Application Demand Share Forecast, 2019-2029
10. Latin America Drag Reducing Agent for Chemical Application 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 for Chemical Application 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 for Chemical Application Market Size and Volume Forecast by Application
10.4.1. Chemical Synthesis
10.4.2. Chemical Transmission
10.4.3. Others
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 for Chemical Application 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 for Chemical Application Demand Share Forecast, 2019-2029
11. Europe Drag Reducing Agent for Chemical Application 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 for Chemical Application 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 for Chemical Application Market Size and Volume Forecast by Application
11.4.1. Chemical Synthesis
11.4.2. Chemical Transmission
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Drag Reducing Agent for Chemical Application Maret 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. Market 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 for Chemical Application Demand Share, 2019-2029
12. Asia Pacific Drag Reducing Agent for Chemical Application 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 for Chemical Application 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 for Chemical Application Market Size and Volume Forecast by Application
12.4.1. Chemical Synthesis
12.4.2. Chemical Transmission
12.4.3. Others
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 for Chemical Application 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 for Chemical Application Demand Share, 2019-2029
13. Middle East & Africa Drag Reducing Agent for Chemical Application 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 for Chemical Application 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 for Chemical Application Market Size and Volume Forecast by Application
13.4.1. Chemical Synthesis
13.4.2. Chemical Transmission
13.4.3. Others
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 for Chemical Application 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 for Chemical Application Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Drag Reducing Agent for Chemical Application Market: Market Share Analysis
14.2. Drag Reducing Agent for Chemical Application Distributors and Customers
14.3. Drag Reducing Agent for Chemical Application Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. LSPI
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. 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
