Drag reducing agents are the high molecular weight substances added to a pipeline to reduce turbulence and help in increasing the capacity and efficiency of flow through a pipeline. Turbulence in pipelines is primarily caused by friction between the flowing fluid and the pipe wall. Drag reducing agents reduce the friction caused between the wall and the fluid. They are inoculated in flow streams in small quantities. Drag reducing agents are widely used in oil fields. Drag reducing agents are subjected to degradation due to its high molecular weight.
MARKET DYNAMICS
The drug reducing agents market has witnessed a significant growth owing to the increase in oil exploration activities. Moreover, the increasing demand for drug reducing agents in the medical sector is known to boost the drug reducing agents market in the coming years. Increasing demand for drag reducing agents from the Middle East and African region provides a vast market opportunity for the key players operating in the drug reducing agents market.
MARKET SCOPE
The "Global Drug Reducing Agents Market Analysis to 2028" is a specialized and in-depth study of the Chemicals and Materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the Drug reducing agents market with detailed market segmentation by type, product type, end-use industry, and geography. The global drug reducing agents market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Drug reducing agents market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global drug reducing agents market is segmented on the basis of type, product type, and end-use industry. On the basis of type, the global drug reducing agents market is segmented into polymers, suspensions, surfactants, and biomaterials. Based on product type, the global drug reducing agents market is segmented into viscosity glue, low viscosity glue, and rubber latex. Based on end-use industry, the global drug reducing agents market is divided into oil & gas, chemical, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global Drug reducing agents market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Drug reducing agents market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the Drug reducing agents market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Drug reducing agents market in these regions.
MARKET PLAYERS
The reports cover key developments in the Drug reducing agents market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Drug reducing agents market are anticipated to lucrative growth opportunities in the future with the rising demand for Drug reducing agents in the global market. Below mentioned is the list of few companies engaged in the Drug reducing agents market.
he report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Drug reducing agents market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Baker Hughes
- China National Petroleum Corporation
- Colonial Pipeline Company
- Flowchem
- Innospec
- Lubrizol Specialty Products Inc.
- NuGenTec
- Oil Flux Americas
- Sino Oil King Shine Chemical
- The Zoranoc Oilfield Chemical
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.