Drag Reduction Agent Market Share, Analysis, Trends, Recent Developments, and Forecast Till 2027
According to the current analysis of Reports and Data, the global DRA market was valued at USD 930.4 Million in 2019 and is expected to reach USD 2.24 Billion by year 2028, at a CAGR of 10.2%. The study segments the global DRA market based on product type, product, application, and end-use. The research takes a closer look at prominent driving factors responsible for this 10.2% CAGR. The study also analyses the market share of each region, company, and product. The report also presents constraints, opportunities, threats, challenges, and Investment opportunities prevailing in the market.
The
latest industry analysis report offers in-depth information
regarding the key segments and sub-segments of the global Drag Reduction Agent
industry and emphasizes the current pandemic situation that has significantly
disrupted the industry’s growth trend. Key dynamics impacting market growth
include drivers, restraints, opportunities, supply & demand ratios,
emerging market trends, technological innovations, and value chain analysis.
The report further highlights
some major challenges, imminent risks and threats, and stringent government
policies and regulations that are expected to impede market growth during the
forecast period. The report is aimed at enabling readers to gain deep insights
into the global Drag Reduction Agent market and its core mechanism and
capitalize on the favorable market growth prospects. It further offers a
concise summary of the Drag Reduction Agent market’s intensely competitive
landscape and lists down the leading players in the market. This section of the
report also highlights the strategic initiatives undertaken by these players
for long-term business growth.
Receive a sample copy of the global Drag
Reduction Agent market report, visit @ https://www.reportsanddata.com/sample-enquiry-form/2112
Baker Hughes, Partow Ideh Pars., LiquidPower
Specialty Products Inc., Oil Flux Americas, NuGenTec, Innospec, Lubrizol
Specialty Products Inc., Sino Oil King Shine Chemical, Flowchem, National
Petroleum Corporation, and The Zoranoc Oilfield Chemical are dominating players
in the market and are the companies considered for this report.
Drag Reduction Agent Industry Overview
The
global materials & chemicals industry revenue growth can be majorly
attributed to increasing demand for essential consumer goods including soaps,
detergents, and beauty & personal care products worldwide, rising
preference for sustainable and eco-friendly raw materials, and growing use of
advanced chemicals and raw materials in industries including agriculture, food
& beverage industries, buildings & construction, automotive, packaging,
and manufacturing industries. Other major factors driving growth of this
industry are rising pollution levels, increasing
environmental awareness, increasing use of technologically advanced
chemicals and materials, and rising demand for organic materials.
Product Type (Revenue USD Million; Volume in Tons, 2017-2027)
·
High
Viscosity Glue
·
Low
Viscosity Glue
· Rubber Latex
Application Outlook (Revenue USD Million; Volume in Tons, 2017-2027)
·
Crude Oil
·
Irrigation
·
Blood
Treatment
·
Chemical
Transportation
· Other Application
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Global Drag Reduction Agent Market
Segmentation: Regional Outlook
§ North America
o
U.S.
o
Canada
§ Latin America
o
Brazil
o
Argentina
o
Peru
o
Mexico
§ Asia Pacific
o
India
o
China
o
Japan
o
Australia
o
Rest of Asia
Pacific
§ Europe
o
U.K.
o
Germany
o
France
o
Italy
o
Spain
§ Middle East & Africa
o
Saudi Arabia
o
South Africa
o
U.A.E
o
Rest of Middle
East & Africa
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