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.

Drag-reducing agents are additives in any pipelines or conduits that reduce frictional pressure loss during flow of fluid. They are most commonly used in petroleum pipelines for increasing the pipeline capacity by reducing turbulence and allowing the oil to flow more efficiently, therefore, allowing the oil to be pumped through at lower pressures, saving energy and money.

Top Companies Operating in the Global High Viscosity Glue Drag Reduction Agent Market:

Baker Hughes, National Petroleum Corporation, Partow Ideh Pars., Oil Flux Americas, NuGenTec, Innospec, Lubrizol Specialty Products Inc., The Zoranoc Oilfield Chemical, and Flowchem

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Further key findings from the report suggest

• Currently, the market is estimated at USD 930.4 Million and is predicted to grow at a CAGR of 10.2%, forecasting global valuation at 2.04 Billion USD in 2028.
• The major driving forces are the growth in oil gas expeditions, chemical refinement, and agricultural activities. All these activities involve the passing of some sort of fluid through a tube which is where DRA’s come into play. It reduces the friction inside the pipe, allowing efficient flow of fluid through these tubes.
• The primary purpose and advantage of DRA’s are it lowers pipeline frictional pressure loss by reducing the turbulence in the flow. It also alleviates constraints in a pipeline, overall allowing the flow rate across the pipeline to be increased. Accelerating flow rate allows the operator to save pumping energy as the pressure required to maintain the flow is reduced, thereby drastically reducing energy management costs.
• DRA’s are extremely easy to install as it is injected directly into pipeline products, using injection pumps and tanks and hence doesn’t require significant capital expenditures. It reduces friction, thus having a property of reducing heat. Pipelines that use DRA’s have been shown to have lower heat transfer properties, lowering heat transference to the surrounding pipelines. Thus using DRA’s make oil fields safer. Since it has a low-cost, high benefit ratio, most players in the field tend to install them.
• DRA’s are mostly used in the petroleum market due to the number of pipelines that are used in the industry. After petroleum, it is mainly used in the chemical transportation market.
• Different liquids require different strengths of DRA’s. The heavier the liquid, the stronger the DRA needs to be. The most transported liquid in the petroleum industry is heavy crude oil and requires high viscosity glue making it the most popular DRA product.

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Key Regional Markets Covered in the Report:

• North America (U.S.A., Canada, Mexico)
• Europe (Italy, U.K., Germany, France, Rest of Europe)
• Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
• Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
• Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)

High Viscosity Glue Drag Reduction Agent Market Segmentation

Product Type Outlook (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
• Others

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