Report Description
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.
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.
Segment Covered:
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:
·
Polymer
·
Surfactant
·
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
·
Agriculture
·
Others
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).
Profiling of Market
Players:
This business
intelligence report offers profiling of reputed companies that are operating in
the market. Companies such as:
·
Baker Hughes
·
Flowchem
·
Innospec
·
Lubrizol
Specialty Products Inc
·
NuGenTec
·
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.
Report Highlights:
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.
Salient Features:
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