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Drag Reduction Agent Market Manufacturers, Application and Growth Rate Forecast to 2027

Drag Reduction Agent Market<br>

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Drag Reduction Agent Market Manufacturers, Application and Growth Rate Forecast to 2027

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  1. Drag Reduction Drag Reduction Agent Market To Agent Market To Reach USD 2.04 Reach USD 2.04 Billion By 2026 Billion By 2026

  2. Market Market Summary Summary According to the current analysis of Reports and Data, the global DRA market was valued at USD 930.4 million in 2018 and is expected to reach USD 2.04 Billion by year 2026, 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. Drag-reducing agents are additives in any pipelines or conduits that reduce frictional pressure loss during flow of fluid. They are most commonly used in petroleum pipelines for increasing the pipeline capacity by reducing turbulence and allowing the oil to flow more efficiently, therefore, allowing the oil to be pumped through at lower pressures, saving energy and money. The surge in oil & gas exploration activities, the growth of chemical industries and agricultural activities across the globe will be the market’s primary driving factors. Drag reduction agents are primarily used for reducing frictional pressure loss during fluid flow in any conduit or pipeline. Recently, there has been detailed research done on the development of drag-reducing agents for the treatment of tumor cells and reducing the drag of blood through arteries and veins, which is expected to boost the market further. Read More: https://www.reportsanddata.com/report-detail/drag-reducing-agent-market

  3. Market Market Summary Summary Further key findings from the report suggest • Currently, the market is estimated at USD 930.4 million and is predicted to grow at a CAGR of 10.2%, forecasting global valuation at 2.04 Billion USD in 2026. • The major driving forces are the growth in oil & gas expeditions, chemical refinement, and agricultural activities. All these activities involve the passing of some sort of fluid through a tube which is where DRA’s come into play. It reduces the friction inside the pipe, allowing efficient flow of fluid through these tubes. • The most significant restraining factor is that it largely depends on other industries like oil & gas fracturing, implying as these industries fluctuate so will the DRA market. Since numerous corporations are shifting towards environmental-friendly practices, the oil & gas industry is predicted to fall, therefore hampering the DRA market. 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. •

  4. Market Market Summary Summary For this report, Reports and Data have segmented the Drag Reduction Agent market based on ingredient, product type, application, end-use, and region: • Product Type (Revenue USD Million; Volume in Tons, 2016-2026) • High Viscosity Glue Low Viscosity Glue Rubber Latex • • • Application Outlook (Revenue USD Million; Volume in Tons, 2016-2026) • Crude Oil Irrigation Blood Treatment Chemical Transportation Other Application • • • • •

  5. About US About US Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power, and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Contact US Contact US John Watson Head of Business Development Reports And Data | Web: www.reportsanddata.com Direct Line: +1-212-710-1370 E-mail: sales@reportsanddata.com

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