Drag Reducing Agent Market was valued at USD 3.5 Billion in 2022 and is projected to reach USD 5.5 Billion by 2030, growing at a CAGR of 6.5% from 2024 to 2030.
The global drag reducing agent market is experiencing significant growth, driven by increasing demand in the oil and gas industry. These agents are essential for enhancing pipeline efficiency by minimizing turbulence and frictional pressure losses, ultimately improving fluid flow. The market is witnessing a surge in demand due to expanding oil exploration activities and the need for cost-effective pipeline operations. Moreover, the rising focus on pipeline infrastructure expansion across emerging economies is fueling market growth. With advancements in chemical formulations, manufacturers are introducing high-performance drag reducing agents that cater to diverse industrial needs. The market is segmented based on product type, application, and region, with North America leading due to its well-established oil and gas infrastructure. Additionally, stringent environmental regulations are propelling the adoption of eco-friendly drag reducing agents, which is further shaping market dynamics and influencing product development strategies.
Technological innovations in polymer-based drag reducing agents are opening new opportunities for market expansion. The increasing adoption of advanced fluid transportation solutions in industries such as water treatment, chemicals, and agriculture is contributing to market diversification. Market players are focusing on strategic collaborations and product innovation to enhance efficiency and sustainability. The growing demand for enhanced crude oil transportation and the need to optimize energy consumption are driving investments in research and development. Furthermore, the expansion of offshore drilling activities and deepwater exploration is boosting the need for high-performance drag reducing agents. The Asia-Pacific region is emerging as a lucrative market due to rapid industrialization and increasing energy consumption. Market growth is also influenced by the rising preference for biodegradable and non-toxic drag reducing agents, aligning with global sustainability trends. As industries strive for improved operational efficiency, the drag reducing agent market is poised for continuous evolution and expansion.
Get an In-Depth Research Analysis of the Gloabl Drag Reducing Agent Market Size And Forecast [2025-2032]
Â
LiquidPower Specialty Products
Flowchem
GE(Baker Hughes)
Innospec
Oil Flux Americas
NuGenTec
Sino Oil King Shine Chemical
DESHI
Qflo
Superchem Technology
The Zoranoc Oilfield Chemical
CNPC
Â
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
Get Discount On The Purchase of the Gloabl Drag Reducing Agent Market Size And Forecast [2025-2032]
Growing demand for below applications around the world has had a direct impact on the growth of the Gloabl Drag Reducing Agent Market
Polymer-based Drag Reducing Agents
Surfactant-based Drag Reducing Agents
Combination Drag Reducing Agents
Oil and Gas Industry
Pipelines
Water Distribution Systems
Wastewater Treatment
Flow Enhancement
Energy Savings
Maintenance Reduction
Liquid Formulation
Powder Formulation
Aerosol Formulation
Petrochemicals
Mining
Agriculture
Industrial Manufacturing
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
For More Information or Query, Visit @ Drag Reducing Agent Market Research Analysis
1. Introduction of the Gloabl Drag Reducing Agent Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Gloabl Drag Reducing Agent Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Gloabl Drag Reducing Agent Market, By Type
6. Gloabl Drag Reducing Agent Market, By Application
7. Gloabl Drag Reducing Agent Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Gloabl Drag Reducing Agent Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
About Us: Verified Market Reports
Verified Market Reports is a leading US Research and Consulting firm servicing over 5000+ US clients. We provide advanced analytical research solutions while offering information-enriched research studies. We also offer insights into strategic and growth analyses and data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance using industrial techniques to collect and analyze data on more than 25,000 high-impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise, and years of collective experience to produce informative and accurate research.
Contact us:
Mr. Edwyne Fernandes
US: +1 (650)-781-4080
US Toll-Free: +1 (800)-782-1768
Website: https://www.verifiedmarketreports.com/