AdvanceMarketAnalytics, a global market research and consulting organization, have released a new study titled "Drag Reducing Agent market - Global outlook to 2027". Industries constant focus on reducing the operational cost and increased attention on core business, and need to improve scalability are expected to shape the Global Drag Reducing Agent market to grow at a CAGR of %.
The Distribution Channel, such as Direct Sales, is boosting the Drag Reducing Agent market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Material, such as Polymers, is boosting the Drag Reducing Agent market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
According to Analyst at AMA Research, the Global Drag Reducing Agent market will experience significant growth during the forecast period due to potential opportunities lying in the market such as . Some of the important driving forces are Increasing exploration activities and the growth of the oil & gas industry and The rising demand for drag reducing agents for irrigation purposes owing to growth in agricultural activities. †
A drag reducing agent, also known as a flow improver or pipeline booster, is dramatically increase the pipeline flow rate or can be used as a drag reducer to decrease the energy costs. A drag reducing agent is an anti-turbulent polymer chemical that when injected into a pipeline, where the fluid is turbulent can modify the flow system by reducing the frictional pressure drop along the pipeline length. Also, it acts as a flow improver to pipelines that can either provide an increase in flow or alternatively maintain the same flow rate while using considerably less energy. Further, it immediately increase throughput capacity or save on energy and costs. The global drag reducing agents market is expected to witness a high growth owing to increasing exploration activities and the growth of the oil & gas industry
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Drag Reducing Agent market by Type (High viscosity glue, Low viscosity glue and Rubber latex), by Application (Oil & Gas Industry, Chemical Transportation and Others) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key trends (current and future) of the market