Market Overview:
The global drag reducing polymers (DRP) 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 crude oil and finished fuels, and the growing need for pipeline transportation of these products. In terms of type, water-soluble drag reducing additives are expected to dominate the market during the forecast period. However, oil-soluble drag reducing additives are projected to grow at a higher CAGR owing to their ability to reduce turbulence and friction in pipelines carrying heavy crude oils and other viscous fluids.
 Industry Outlook.svg)
Product Definition:
Drag Reducing Polymers are a type of polymer that is used to reduce the amount of drag that is produced by a moving object. This can be important for many reasons, including reducing fuel consumption and improving performance.
Water-Soluble Drag Reducing Additives:
Water-soluble drag reducing additives are used to reduce the surface energy of a liquid by their interaction with hydrophobic groups present in the polymer matrix. These additives act as wetting agents and defoamers, preventing foam formation during processing and enhancing film formation after addition of the monomer.
Oil-Soluble Drag Reducing Additives:
Oil-Soluble Drag Reducing Additives are additives that reduce the surface energy of a liquid, thereby lowering its drag. They can be either natural or synthetic in nature and can be used as individual components or in combination with one another. OSDRAAs are widely used to improve the flow characteristics of polymers and have been gaining importance owing to their ability to lower the hydrophobic effect which is observed when a polymer is exposed to an oil-based medium.
Application Insights:
The crude oil pipeline emerged as the dominant application segment in the global drag reducing polymers market. The segment is expected to account for over 45% of the overall demand by 2030. Rising production of various crudes including Bakhtiari, Sweet, Waha, and Mahzam from Middle East and Africa has led to an increased flow of these products in this region.
Increasing investments from companies such as BP plc., Royal Dutch Shell plc., Statoil ASA among others are further anticipated to propel growth over the forecast period.
Regional Analysis:
North America dominated the global market in terms of revenue in 2017. The U.S., as a major crude oil producer, is expected to be a key consumer of drag reducing polymers over the forecast period. Asia Pacific and Latin America are also anticipated to witness significant growth owing to increasing demand for petroleum products and petrochemicals from various end-use industries such as automotive, construction, packaging and electrical & electronics among others.
The Asia Pacific was estimated as the largest crude oil consumer with an average annual consumption exceeding 30 million barrels per day (MMbpd) since 2010; however, due to recent developments such as shale gas revolution in China coupled with growing domestic production has resulted into lower product demand which is projectededto last over next few years thus resulting into sluggish growth rate for DRP market across this region during forecast period from 2018 to 2030 (Chart 1).
Growth Factors:
- Increasing demand for lightweight and fuel-efficient vehicles
- Rising environmental concerns and regulations pertaining to emissions
- Growing automotive industry in developing countries
- Advances in polymer engineering and manufacturing technologies
- Increased awareness about the benefits of DRP products among consumers
Scope Of The Report
Report Attributes
Report Details
Report Title
Drag Reducing Polymers (DRP) Market Research Report
By Type
Water-Soluble Drag Reducing Additives, Oil-Soluble Drag Reducing Additives
By Application
Crude Oil Pipeline, Finished Fuels Pipeline, Chemical, Others
By Companies
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
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
171
Number of Tables & Figures
120
Customization Available
Yes, the report can be customized as per your need.
Global Drag Reducing Polymers (DRP) Market Report Segments:
The global Drag Reducing Polymers (DRP) market is segmented on the basis of:
Types
Water-Soluble Drag Reducing Additives, Oil-Soluble Drag Reducing Additives
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
Crude Oil Pipeline, Finished Fuels Pipeline, Chemical, 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:
- 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
 Market Overview.svg)
Highlights of The Drag Reducing Polymers (DRP) 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:
- Water-Soluble Drag Reducing Additives
- Oil-Soluble Drag Reducing Additives
- By Application:
- Crude Oil Pipeline
- Finished Fuels Pipeline
- Chemical
- 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 Polymers (DRP) 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
 Market Statistics.svg)
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?
Drag reducing polymers (DRP) are a type of polymer that reduce drag on an aircraft. DRPs are often used in airfoils and other aircraft components to reduce the amount of energy needed to fly.
Some of the major players in the drag reducing polymers (drp) market are 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.
The drag reducing polymers (drp) market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Drag Reducing Polymers (DRP) Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Drag Reducing Polymers (DRP) Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Drag Reducing Polymers (DRP) Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Drag Reducing Polymers (DRP) Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Drag Reducing Polymers (DRP) Market Size & Forecast, 2018-2028
4.5.1 Drag Reducing Polymers (DRP) Market Size and Y-o-Y Growth
4.5.2 Drag Reducing Polymers (DRP) Market Absolute $ Opportunity
Chapter 5 Global Drag Reducing Polymers (DRP) Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Drag Reducing Polymers (DRP) Market Size Forecast by Type
5.2.1 Water-Soluble Drag Reducing Additives
5.2.2 Oil-Soluble Drag Reducing Additives
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Drag Reducing Polymers (DRP) Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Drag Reducing Polymers (DRP) Market Size Forecast by Applications
6.2.1 Crude Oil Pipeline
6.2.2 Finished Fuels Pipeline
6.2.3 Chemical
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Drag Reducing Polymers (DRP) Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Drag Reducing Polymers (DRP) Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Drag Reducing Polymers (DRP) Analysis and Forecast
9.1 Introduction
9.2 North America Drag Reducing Polymers (DRP) Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Drag Reducing Polymers (DRP) Market Size Forecast by Type
9.6.1 Water-Soluble Drag Reducing Additives
9.6.2 Oil-Soluble Drag Reducing Additives
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Drag Reducing Polymers (DRP) Market Size Forecast by Applications
9.10.1 Crude Oil Pipeline
9.10.2 Finished Fuels Pipeline
9.10.3 Chemical
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Drag Reducing Polymers (DRP) Analysis and Forecast
10.1 Introduction
10.2 Europe Drag Reducing Polymers (DRP) Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Drag Reducing Polymers (DRP) Market Size Forecast by Type
10.6.1 Water-Soluble Drag Reducing Additives
10.6.2 Oil-Soluble Drag Reducing Additives
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Drag Reducing Polymers (DRP) Market Size Forecast by Applications
10.10.1 Crude Oil Pipeline
10.10.2 Finished Fuels Pipeline
10.10.3 Chemical
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Drag Reducing Polymers (DRP) Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Drag Reducing Polymers (DRP) Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Drag Reducing Polymers (DRP) Market Size Forecast by Type
11.6.1 Water-Soluble Drag Reducing Additives
11.6.2 Oil-Soluble Drag Reducing Additives
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Drag Reducing Polymers (DRP) Market Size Forecast by Applications
11.10.1 Crude Oil Pipeline
11.10.2 Finished Fuels Pipeline
11.10.3 Chemical
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Drag Reducing Polymers (DRP) Analysis and Forecast
12.1 Introduction
12.2 Latin America Drag Reducing Polymers (DRP) Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Drag Reducing Polymers (DRP) Market Size Forecast by Type
12.6.1 Water-Soluble Drag Reducing Additives
12.6.2 Oil-Soluble Drag Reducing Additives
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Drag Reducing Polymers (DRP) Market Size Forecast by Applications
12.10.1 Crude Oil Pipeline
12.10.2 Finished Fuels Pipeline
12.10.3 Chemical
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Drag Reducing Polymers (DRP) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Drag Reducing Polymers (DRP) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Drag Reducing Polymers (DRP) Market Size Forecast by Type
13.6.1 Water-Soluble Drag Reducing Additives
13.6.2 Oil-Soluble Drag Reducing Additives
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Drag Reducing Polymers (DRP) Market Size Forecast by Applications
13.10.1 Crude Oil Pipeline
13.10.2 Finished Fuels Pipeline
13.10.3 Chemical
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Drag Reducing Polymers (DRP) Market: Competitive Dashboard
14.2 Global Drag Reducing Polymers (DRP) Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 LiquidPower Specialty Products
14.3.2 Flowchem
14.3.3 Baker Hughes
14.3.4 Innospec
14.3.5 Oil Flux Americas
14.3.6 NuGenTec
14.3.7 Sino Oil King Shine Chemical
14.3.8 DESHI
14.3.9 Qflo
14.3.10 Superchem Technology
14.3.11 The Zoranoc Oilfield Chemical
14.3.12 CNPC
