Global Drag Reducing Agent for Oil & Gas market will reach 1540 million US$ by the end of 2025

Publisher: QYResearch

Published Date: 2019/9/24

Drag reducing agent (DRA), also called drag reducer or flow improver, is a long chain polymer chemical that is used in crude oil, refined products or non-potable water pipelines. It is injected in small amounts (parts per million) and is used to reduce the frictional pressure drop along the pipeline's length. Its use has allowed pipeline systems to greatly increase in traditional capacity and extend the life of existing systems.

The technical barrier of drag reducing agent is high, and dominated by certain companies, such as LSPI, Baker Hughes, Flowchem, Innospec, Oil Flux Americas, NuGenTec and son on. Production of drag reducing agent mainly distributes in USA and China.

As for consumption, the largest consumption volume comes from the North America region. In 2017, the region consumed about 40.75% drag reducing agent globally. USA plays a key role in the regions. The second largest consumer is MEA, with 27 K MT being consumed in the same year.

The global Drag Reducing Agent market was 820 million US$ in 2017 and is expected to 1540 million US$ by the end of 2025, growing at a CAGR of 8.3% between 2018 and 2025.

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