| Product Code: ETC13221237 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Deep | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Drag Reducing Agents Market was valued at USD 3.2 Billion in 2024 and is expected to reach USD 5.4 Billion by 2031, growing at a compound annual growth rate of 6.83% during the forecast period (2025-2031).
The Global Drag Reducing Agents Market is witnessing growth driven by increasing demand from industries such as oil & gas, transportation, and water treatment. Drag reducing agents are chemical additives that reduce frictional pressure loss in pipelines, thereby enhancing efficiency and reducing energy consumption. The market is experiencing a surge in demand due to the need for cost-effective solutions to improve operational efficiency in the oil & gas sector. Additionally, the focus on reducing carbon footprint and minimizing energy consumption is propelling the adoption of drag reducing agents in various industries. North America and Europe are leading markets, while Asia Pacific is anticipated to witness significant growth due to rapid industrialization and infrastructure development. Key players in the market include BASF SE, Flowchem, Lubrizol Corporation, and Baker Hughes.
The Global Drag Reducing Agents Market is experiencing significant growth due to the increasing demand from industries such as oil & gas, transportation, and water treatment. The market is driven by the need to reduce energy consumption, enhance pipeline efficiency, and minimize operational costs. Manufacturers are focusing on developing innovative drag reducing agents that offer improved performance and environmental sustainability. Additionally, the rise in pipeline infrastructure projects worldwide presents opportunities for market expansion. Key trends in the market include the adoption of advanced polymer-based drag reducing agents and the development of bio-based alternatives. Overall, the Global Drag Reducing Agents Market is poised for continued growth as industries seek ways to optimize their operations and reduce their carbon footprint.
The Global Drag Reducing Agents Market faces several challenges, including regulatory hurdles due to environmental concerns and safety issues surrounding the use of chemicals in oil and gas pipelines. Market fragmentation and the presence of multiple small-scale players make it difficult for larger companies to establish a dominant market position. Additionally, the fluctuating prices of raw materials used in drag reducing agents production can impact profit margins for manufacturers. Technological advancements and the development of more sustainable and effective drag reducing agents are essential to address these challenges and meet the growing demand for efficient pipeline transportation systems in various industries. Collaboration between industry stakeholders, regulatory bodies, and research institutions is crucial to overcoming these obstacles and driving innovation in the Global Drag Reducing Agents Market.
The Global Drag Reducing Agents Market is primarily driven by the increasing demand for efficient pipeline transportation in industries such as oil & gas, water & wastewater, and mining. The need to reduce energy consumption and operational costs associated with fluid transportation is a key factor propelling the market growth. Additionally, advancements in drag reducing agent technologies, such as the development of environmentally friendly and high-performance additives, are further driving market expansion. The growing exploration and production activities in the oil & gas sector, coupled with the rising investments in pipeline infrastructure, are also contributing to the market`s upward trajectory. Overall, the focus on enhancing pipeline efficiency, reducing maintenance requirements, and minimizing pressure drops is fueling the demand for drag reducing agents globally.
Government policies related to the Global Drag Reducing Agents Market focus on regulating the use of drag reducing agents to ensure environmental safety and compliance with industry standards. These policies typically require companies to obtain permits for the use of drag reducing agents in oil and gas pipelines, water treatment facilities, and other industrial applications. Additionally, government agencies may set limits on the types and quantities of drag reducing agents that can be used to mitigate potential environmental risks. Compliance with these regulations is crucial for companies operating in the drag reducing agents market to avoid fines, penalties, and reputational damage. Overall, government policies aim to strike a balance between promoting innovation and ensuring environmental responsibility in the usage of drag reducing agents across various industries.
The Global Drag Reducing Agents Market is expected to witness steady growth in the coming years due to the increasing demand for efficient pipeline transportation systems across industries such as oil and gas, water management, and mining. The market is likely to be driven by the need for enhancing operational efficiency, reducing energy consumption, and minimizing maintenance costs associated with pipelines. Additionally, the growing investments in infrastructure development projects globally, particularly in emerging economies, are anticipated to fuel the demand for drag reducing agents. However, regulatory challenges, environmental concerns, and volatility in raw material prices could pose challenges to market growth. Overall, technological advancements and innovations in drag reducing agent formulations are projected to offer lucrative opportunities for market players in the near future.
In the Global Drag Reducing Agents Market, Asia is anticipated to witness significant growth due to the increasing oil and gas exploration activities in countries like China and India. North America is expected to dominate the market, driven by the presence of a well-established oil and gas industry and growing demand for efficient pipeline transportation. Europe is likely to show steady growth, propelled by the focus on improving pipeline efficiency and reducing energy consumption. The Middle East and Africa region is projected to experience moderate growth, supported by ongoing investments in oil and gas infrastructure. Latin America is also expected to register a notable growth rate, primarily due to the expansion of pipeline networks in countries like Brazil and Mexico.
Global Drag Reducing Agents Market |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global Drag Reducing Agents Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Drag Reducing Agents Market Revenues & Volume, 2021 & 2031F |
3.3 Global Drag Reducing Agents Market - Industry Life Cycle |
3.4 Global Drag Reducing Agents Market - Porter's Five Forces |
3.5 Global Drag Reducing Agents Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Drag Reducing Agents Market Revenues & Volume Share, By Drag Reducer Type, 2021 & 2031F |
3.7 Global Drag Reducing Agents Market Revenues & Volume Share, By Form, 2021 & 2031F |
3.8 Global Drag Reducing Agents Market Revenues & Volume Share, By End-use, 2021 & 2031F |
4 Global Drag Reducing Agents Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Drag Reducing Agents Market Trends |
6 Global Drag Reducing Agents Market, 2021 - 2031 |
6.1 Global Drag Reducing Agents Market, Revenues & Volume, By Drag Reducer Type, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Drag Reducing Agents Market, Revenues & Volume, By Polymers, 2021 - 2031 |
6.1.3 Global Drag Reducing Agents Market, Revenues & Volume, By Suspensions, 2021 - 2031 |
6.1.4 Global Drag Reducing Agents Market, Revenues & Volume, By Biological Additives, 2021 - 2031 |
6.1.5 Global Drag Reducing Agents Market, Revenues & Volume, By Surfactants, 2021 - 2031 |
6.2 Global Drag Reducing Agents Market, Revenues & Volume, By Form, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Drag Reducing Agents Market, Revenues & Volume, By Liquid, 2021 - 2031 |
6.2.3 Global Drag Reducing Agents Market, Revenues & Volume, By Powder, 2021 - 2031 |
6.3 Global Drag Reducing Agents Market, Revenues & Volume, By End-use, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global Drag Reducing Agents Market, Revenues & Volume, By Oil & Gas, 2021 - 2031 |
6.3.3 Global Drag Reducing Agents Market, Revenues & Volume, By Civil Work, 2021 - 2031 |
6.3.4 Global Drag Reducing Agents Market, Revenues & Volume, By Fire Fighting, 2021 - 2031 |
6.3.5 Global Drag Reducing Agents Market, Revenues & Volume, By Marine, 2021 - 2031 |
6.3.6 Global Drag Reducing Agents Market, Revenues & Volume, By Irrigation, 2021 - 2031 |
6.3.7 Global Drag Reducing Agents Market, Revenues & Volume, By Biomedical, 2021 - 2031 |
6.3.8 Global Drag Reducing Agents Market, Revenues & Volume, By Chemical, 2021 - 2031 |
6.3.9 Global Drag Reducing Agents Market, Revenues & Volume, By Others, 2021 - 2031 |
7 North America Drag Reducing Agents Market, Overview & Analysis |
7.1 North America Drag Reducing Agents Market Revenues & Volume, 2021 - 2031 |
7.2 North America Drag Reducing Agents Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Drag Reducing Agents Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Drag Reducing Agents Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Drag Reducing Agents Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Drag Reducing Agents Market, Revenues & Volume, By Drag Reducer Type, 2021 - 2031 |
7.4 North America Drag Reducing Agents Market, Revenues & Volume, By Form, 2021 - 2031 |
7.5 North America Drag Reducing Agents Market, Revenues & Volume, By End-use, 2021 - 2031 |
8 Latin America (LATAM) Drag Reducing Agents Market, Overview & Analysis |
8.1 Latin America (LATAM) Drag Reducing Agents Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Drag Reducing Agents Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Drag Reducing Agents Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Drag Reducing Agents Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Drag Reducing Agents Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Drag Reducing Agents Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Drag Reducing Agents Market, Revenues & Volume, By Drag Reducer Type, 2021 - 2031 |
8.4 Latin America (LATAM) Drag Reducing Agents Market, Revenues & Volume, By Form, 2021 - 2031 |
8.5 Latin America (LATAM) Drag Reducing Agents Market, Revenues & Volume, By End-use, 2021 - 2031 |
9 Asia Drag Reducing Agents Market, Overview & Analysis |
9.1 Asia Drag Reducing Agents Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Drag Reducing Agents Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Drag Reducing Agents Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Drag Reducing Agents Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Drag Reducing Agents Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Drag Reducing Agents Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Drag Reducing Agents Market, Revenues & Volume, By Drag Reducer Type, 2021 - 2031 |
9.4 Asia Drag Reducing Agents Market, Revenues & Volume, By Form, 2021 - 2031 |
9.5 Asia Drag Reducing Agents Market, Revenues & Volume, By End-use, 2021 - 2031 |
10 Africa Drag Reducing Agents Market, Overview & Analysis |
10.1 Africa Drag Reducing Agents Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Drag Reducing Agents Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Drag Reducing Agents Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Drag Reducing Agents Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Drag Reducing Agents Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Drag Reducing Agents Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Drag Reducing Agents Market, Revenues & Volume, By Drag Reducer Type, 2021 - 2031 |
10.4 Africa Drag Reducing Agents Market, Revenues & Volume, By Form, 2021 - 2031 |
10.5 Africa Drag Reducing Agents Market, Revenues & Volume, By End-use, 2021 - 2031 |
11 Europe Drag Reducing Agents Market, Overview & Analysis |
11.1 Europe Drag Reducing Agents Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Drag Reducing Agents Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Drag Reducing Agents Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Drag Reducing Agents Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Drag Reducing Agents Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Drag Reducing Agents Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Drag Reducing Agents Market, Revenues & Volume, By Drag Reducer Type, 2021 - 2031 |
11.4 Europe Drag Reducing Agents Market, Revenues & Volume, By Form, 2021 - 2031 |
11.5 Europe Drag Reducing Agents Market, Revenues & Volume, By End-use, 2021 - 2031 |
12 Middle East Drag Reducing Agents Market, Overview & Analysis |
12.1 Middle East Drag Reducing Agents Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Drag Reducing Agents Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Drag Reducing Agents Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Drag Reducing Agents Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Drag Reducing Agents Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Drag Reducing Agents Market, Revenues & Volume, By Drag Reducer Type, 2021 - 2031 |
12.4 Middle East Drag Reducing Agents Market, Revenues & Volume, By Form, 2021 - 2031 |
12.5 Middle East Drag Reducing Agents Market, Revenues & Volume, By End-use, 2021 - 2031 |
13 Global Drag Reducing Agents Market Key Performance Indicators |
14 Global Drag Reducing Agents Market - Export/Import By Countries Assessment |
15 Global Drag Reducing Agents Market - Opportunity Assessment |
15.1 Global Drag Reducing Agents Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Drag Reducing Agents Market Opportunity Assessment, By Drag Reducer Type, 2021 & 2031F |
15.3 Global Drag Reducing Agents Market Opportunity Assessment, By Form, 2021 & 2031F |
15.4 Global Drag Reducing Agents Market Opportunity Assessment, By End-use, 2021 & 2031F |
16 Global Drag Reducing Agents Market - Competitive Landscape |
16.1 Global Drag Reducing Agents Market Revenue Share, By Companies, 2024 |
16.2 Global Drag Reducing Agents Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |