PUBLISHER: QYResearch | PRODUCT CODE: 1860034
PUBLISHER: QYResearch | PRODUCT CODE: 1860034
The global market for Drag Reducing Agent was estimated to be worth US$ 661 million in 2024 and is forecast to a readjusted size of US$ 1131 million by 2031 with a CAGR of 8.1% during the forecast period 2025-2031.
This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on Drag Reducing Agent cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.
Drag reducers, also known as drag reducing agents (DRA) and flow improvers, are any material that reduces frictional pressure loss during fluid flow in a conduit or pipeline. Pressure loss reduction is achieved by reducing the level of turbulent motion in the flow. Using DRA allows increased flow using the same amount of energy or decreased pressure drop for the same flow rate of fluid in pipelines. In 2024, global Drag Reducing Agent production reached approximately 145 K MT, with an average global market price of around US$ 4551 per MT.
The drag reducing agent (DRA) market is driven by the increasing demand for pipeline efficiency in transporting crude oil, refined products, and other liquids over long distances. These chemical additives reduce turbulence and friction within pipelines, enabling operators to increase throughput, lower pumping costs, and extend the lifespan of infrastructure. The oil and gas sector remains the largest consumer, with applications spanning crude oil pipelines, multi-product pipelines, and refined fuel transport. Growth is further supported by rising global energy demand, expansion of cross-border pipeline projects, and the need for cost-effective solutions in both mature and emerging markets.
In addition to oil and gas, the market is seeing gradual adoption in other industries such as water transportation, chemicals, and agriculture, where efficient fluid transfer is increasingly prioritized. North America and the Middle East are key regions due to extensive pipeline networks and ongoing investment in energy infrastructure, while Asia-Pacific is expected to post faster growth driven by industrialization and urbanization. However, market expansion faces challenges including the high cost of advanced formulations, potential environmental concerns over chemical use, and reliance on volatile oil and gas sector cycles. Nonetheless, ongoing research into eco-friendly and more efficient DRAs is creating opportunities for innovation and broader application.
This report aims to provide a comprehensive presentation of the global market for Drag Reducing Agent, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Drag Reducing Agent by region & country, by Type, and by Application.
The Drag Reducing Agent market size, estimations, and forecasts are provided in terms of sales volume (Kilotons) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Drag Reducing Agent.
Market Segmentation
By Company
Segment by Type
Segment by Application
By Region
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Drag Reducing Agent manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of Drag Reducing Agent in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of Drag Reducing Agent in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.