A recent market intelligence report that is published by Data Insights Partner on the global Drag Reducers Market makes an offering of in-depth analysis of segments and sub-segments in the regional and international Drag Reducers Market. The research also emphasizes on the impact of restraints, drivers, and macro indicators on the regional and global Drag Reducers Market over the short as well as long period of time. A detailed presentation of forecast, trends, and dollar values of global Drag Reducers Market is offered. In accordance with the report, the global Drag Reducers Market is projected to expand by healthy CAGR over the period of forecast.
Market Insight, Drivers, Restraints & Opportunity of the Market:
Drag reducers also called drag reducing agents (DRA) are high molecular weight substances which are used to lessen the frictional pressure loss during fluid flow in pipeline and conduit, increasing the capacity and efficiency of flow through pipeline.
Drag reducers are extensively used in oil & gas industry to surge the pipeline throughout and decreases the delayed time for tanker loading/offloading, and aids in energy saving. Drag reducers finds application in Oil & gas industry, chemical transportation, agriculture and others.
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Surge in new oil & gas projects and installation of new pipelines coupled with consideration of using DRA during the design stage to minimize the investment, reduce operating cost and enhance the pipelines safety.
Growing investment in renewable energy sources and stringent regulations on carbon footprints is expected to negatively impact the oil & gas industry, eventually working as a major challenge to Drag reducers players
Ø According to International Energy Agency (IEA), renewable energy capacity is expected to grow by 50% during 2019 and 2024, led by solar PV. Solar PV alone accounts for about 60% of the forecasted growth
Also, market entry for small manufacturers and suppliers is easy in the drag reducers market, owing to the fact that there is a lot of scope for the manufacturers to differentiate their offerings through introduction of novel and technologically advanced products. Companies are leveraging new technologies to provide advanced and latest generation products, for instance nano-fluids with highest efficacy
Ø In 2019, Transneft opened new drag reducers manufacturing unit at Alabuga Special Economic Zone (the Republic of Tatarstan). The project was implemented jointly by Nika PetroTech and Transneft Kama Region with a vision to reduce the operating and capital cost with the help of DRAs
Ø In 2017, Optum Energy Solutions established its manufacturing facility at Chickasha, Okla. The company offers Flow Optimizer, a water-based DRA technology with ultra-high molecular weight hydrocarbon polymer as active ingredient developed for wide application in crude oil pipelines.
Increasing environmental concerns of conventional oil-based polymers and surge in research and development activities to develop bio-based polymers (biopolymers) is expected to offer lucrative opportunity to Drag Reducers Market.
This market intelligence report on the global Drag Reducers Market encompasses market segments based on product type, end use, application and country.
By Product Type the global Drag Reducers Market has been divided into:
- Suspension/ Suspended Solids
By Application the global Drag Reducers Market has been divided into:
- Crude Oil
- Multi-phase Liquid
- Refined Products
- Heavy, Asphaltic Crude
- Water Transportation
By End-use the global Drag Reducers Market has been divided into:
- Oil & Gas
- Chemicals & Petrochemicals
- Power & Energy
By country/region, the global Drag Reducers Market has been divided into:
- North America (the U.S., Canada),
- Latin America (Brazil, Mexico, Argentina and other countries),
- Europe (Germany, France, the U.K., Spain, Italy, Russia, and other countries),
- Asia Pacific (India, Japan, China, Australia and New Zealand and other countries),
- Middle East and Africa (GCC, South Africa, Israel and Other countries).
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Profiling of Market Players:
This business intelligence report offers profiling of reputed companies that are operating in the market. Companies such as:
- Baker Hughes
- Lubrizol Specialty Products Inc
- Oil Flux Americas
- Sino Oil King Shine Chemical
- Superchem Technology
- The Zoranoc Oilfield Chemical
- China National Petroleum Corporation
others have been profiled into detail so as to offer a glimpse of the market leaders. Moreover, parameters such as Drag Reducers Market related investment & spending and developments by major players of the market are tracked in this global report.
In-depth analysis of the micro and macro indicators, market trends, and forecasts of demand is offered by this business intelligence report. Furthermore, the report offers a vivid picture of the factors that are steering and restraining the growth of this market across all geographical segments. In addition to that, IGR-Growth Matrix analysis is also provided in the report so as to share insight of the investment areas that new or existing market players can take into consideration. Various analytical tools such as DRO analysis, Porter’s five forces analysis has been used in this report to present a clear picture of the market. The study focuses on the present market trends and provides market forecast from the year 2020-2028. Emerging trends that would shape the market demand in the years to come have been highlighted in this report. A competitive analysis in each of the geographical segments gives an insight into market share of the global players.
Ø This study offers comprehensive yet detailed analysis of the Drag Reducers Market, size of the market (US$ Mn ), and Compound Annual Growth Rate (CAGR (%)) for the period of forecast: 2020-2028, taking into account 2019 as the base year
Ø It explains upcoming revenue opportunities across various market segments and attractive matrix of investment proposition for the said market
Ø This market intelligence report also offers pivotal insights about various market opportunities, restraints, drivers, competitive market strategies of leading market players, emerging market trends, and regional outlook
Ø Profiling of key market players in the world Drag Reducers Market is done by taking into account various parameters such as company strategies, distribution strategies, product portfolio, financial performance, key developments, geographical presence, and company overview
Ø The data of this report would allow management authorities and marketers of companies alike to take informed decision when it comes to launch of Type of models, government initiatives, marketing tactics and expansion, and technical up gradation
Ø The world market for drag reducers caters to the needs of various stakeholders pertaining to this industry, namely suppliers, manufacturers, investors, and distributors for Drag Reducers Market. The research also caters to the rising needs of consulting and research firms, financial analysts, and new market entrants
Ø Research methodologies that have been adopted for the purpose of this study have been clearly elaborated so as to facilitate better understanding of the reports
Ø Reports have been made based on the guidelines as mandated by General Data Protection Regulation
Ø Ample number of examples and case studies have been taken into consideration before coming to a conclusion
Reasons to buy:
v Identify opportunities and plan strategies by having a strong understanding of the investment opportunities in the Drag Reducers Market
v Identification of key factors driving investment opportunities in the Drag Reducers Market
v Facilitate decision-making based on strong historic and forecast data
v Position yourself to gain the maximum advantage of the industry’s growth potential
v Develop strategies based on the latest regulatory events
v Identify key partners and business development avenues
v Respond to your competitors’ business structure, strategy and prospects
v Identify key strengths and weaknesses of important market participants
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