Drag Reducing Additives (DRA) Market
Drag Reducing Additives (DRA) Market Global Industry Assessment & Forecast
#
Pages:
169
2021
Nov - 2021
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
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
Research Methodology: Drag Reducing Additives (DRA) Market - Global Market Assessment, 2021 - 2028
Vantage Market Research follows a proven/time-tested robust methodology to attain results on quantitative and qualitative analysis for specific market research studies. Moreover, Vantage Market Research utilizes tried and tested approaches to arrive at market-related projections. The research methodology is based on the 3-dimensional model consisting of 3 phases namely: Secondary Research, Primary Research, and Data Triangulation. We conduct more than 100 primary interviews for each market either through mail or telephone call.
Secondary Research
Primary Research:
The next stage involves the primary research conducted to gather further information and revalidate the data collected from the secondary research. Moreover, primary research is also conducted to identify key players in the market and to gather their market-specific financial information. A typical primary interview fulfills data requirements pertaining to first-hand information global market size, regional and segmental trends, competitive landscape expertise development and market understandings among others.
Data Triangulation and Market Size Estimations
Top-down and bottom-up approaches are used to validate and estimate the market size of the Drag Reducing Additives (DRA) market. After the determination of the overall market size, the market is divided into various segments and sub-segments. Moreover, these same approaches mentioned above were used to derive and estimate market numbers for mentioned segments/sub-segments in the market. The data was triangulated by employing various data models and statistical techniques to arrive at exact statics and market size for each segment/sub-segment of the market.
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?
-
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?
-
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?
-
North America was the leading regional segment of the Drag Reducing Additives (DRA) in 2020.
