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Drag Reducing Additives (DRA) Market

Drag Reducing Additives (DRA) Market

Drag Reducing Additives (DRA) Market Global Industry Assessment & Forecast

# Pages:

169

Base Year:

2021

Nov - 2021

Format:

Report Code:

VMR-2021-0266

Segments Covered
  • By Type High Viscosity Glue, Low Viscosity Glue, Others
  • By Application Oil and Gas Industry, Chemical Industry, Others
Snapshot
Forecast YearsForecast Years: 2021 - 2028
Historical YearsHistorical Years: 2016 - 2020
Revenue 2021Revenue 2021: 726 Million
Revenue 2028Revenue 2028: 963.42 Million
Revenue CAGRRevenue CAGR (2021 - 2028): 3.6
Fastest Growing Region 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
  • 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%.

  • 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..

  • The market is project to grow at a CAGR of 3.6% between 2021 and 2028.

  • 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.

  • North America was the leading regional segment of the Drag Reducing Additives (DRA) in 2020.