Drag Reducing Additives (DRA) Market
Drag Reducing Additives (DRA) Market Global Industry Assessment & Forecast
Segments Covered
- By Type High Viscosity Glue, Low Viscosity Glue, Others
- By Application Oil and Gas Industry, Chemical Industry, Others
Snapshot
Forecast Years: | 2021 - 2028 |
Historical Years: | 2016 - 2020 |
Revenue 2021: | 726 Million |
Revenue 2028: | 963.42 Million |
Revenue CAGR (2021 - 2028): | 3.6 |
Fastest Growing Region (2022 - 2028) | North America |
Customization Offered
- Cross-segment Market Size and Analysis for Mentioned Segments
- Additional Company Profiles (Upto 5 With No Cost)
- Additional Countries (Apart From Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request Customization Speak To Analyst
The report delivers an acute breakdown of the
market based on various segments such as Type, Application,
and Region. All the segments are studied considering historical and future
trends across geographies. All the segments are analyzed based on trends,
market size, and forecast, and the data is provided for the years 2016–2028.
Several growth factors and opportunities impacting various segments have been
incorporated in the report. On the basis of Type,
the market is divided into High Viscosity Glue, Low Viscosity Glue, Others. Tank Wagons held the largest
share in 2020 and is projected to grow at a noteworthy CAGR within the forecast
period.
Based on Application,
the market is divided into Oil and Gas Industry, Chemical Industry, Others. Mining attributed to
the highest market share and is expected to grow at a significant CAGR from
2021 to 2028.
Global Drag Reducing Additives (DRA) Market: Type Segment Analysis
-
- High Viscosity Glue
- Low Viscosity Glue
- Others
Global Drag Reducing Additives (DRA) Market: Application Segment Analysis
-
- Oil and Gas Industry
- Chemical Industry
- Others
FAQ
Frequently Asked Question
What is the global demand for Drag Reducing Additives (DRA) in terms of revenue?
-
The global Drag Reducing Additives (DRA) valued at 726 Million in 2020 and is expected to reach 963.42 Million in 2028 growing at a CAGR of 3.6%.
Which are the prominent players in the market?
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The prominent players in the market are Baker Hughes, Qflo, LiquidPower Specialty Products, DESHI, Sino Oil King Shine Chemical, Superchem Technology, NuGenTec, Flowchem, Oil Flux Americas, Innospec, The Zoranoc Oilfield Chemical..
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 3.6% between 2021 and 2028.
What are the driving factors fueling the growth of the market?
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The driving factors of the Drag Reducing Additives (DRA) include
- The increasing demand from oil & gas industry is anticipated to augment the growth of the drag reducing additives (DRA) market during the forecast period.
- The increase in benefits like reduce in the friction inside the pipe which allows efficient flow of fluid through these tubes in order to give proper output is expected to increase the demand for drag reducing additives (DRA) market in the near future.
Which region accounted for the largest share in the market?
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North America was the leading regional segment of the Drag Reducing Additives (DRA) in 2020.