Global Drag Reducing Agent Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Product Type;

Polymers, Surfactants, and Suspension/Suspended Solids.

By Application;

Crude Oil, Multi-Phase Liquid, Refined Products, Heavy, Asphaltic Crude, and Water Transportation.

By End Use;

Oil & Gas, Chemicals & Petrochemicals, Energy, Agriculture, Others (Marine and Shipbuilding).

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn431822403 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Drag Reducing Agent Market (USD Million), 2021 - 2031

In the year 2024, the Global Drag Reducing Agent Market was valued at USD 1,180.83 million. The size of this market is expected to increase to USD 2,117.35 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 8.7%.

The COVID-19 pandemic had a significant negative impact on the drag-reducing agents market, as shutdowns in key industries such as chemicals and petrochemicals, oil and gas, agriculture, and energy led to a decreased demand for these products. However, the market has since rebounded and is experiencing rapid growth.

In the short term, the market is expected to benefit from increased crude oil consumption driven by the expansion of end-use industries including petrochemicals, energy generation, and oil and gas. This rise in demand is likely to boost the drag-reducing agents market during the forecast period. Nonetheless, the shift towards biofuels and growing environmental concerns may pose challenges and potentially slow market growth in the coming years.

Despite these challenges, ongoing research and development efforts, along with the introduction of innovative technologies such as nano-fluids for enhanced performance, are anticipated to drive significant growth and create substantial opportunities in the market. North America is projected to maintain its leading position in terms of revenue throughout the forecast period, holding the largest market share for drag-reducing agents.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product Type
    2. Market Snapshot, By Application
    3. Market Snapshot, By End Use
    4. Market Snapshot, By Region
  4. Global Drag Reducing Agent Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Rising Demand for Oil and Gas
        2. Advancements in DRA Technology
      2. Restraints
        1. Fluctuations in Oil Prices
        2. Environmental Concerns
      3. Opportunities
        1. Expansion into New Applications
        2. Development of Bio-Based DRAs
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry

  5. Market Segmentation
    1. Global Drag Reducing Agent Market, By Product Type, 2021- 2031 (USD Million)
      1. Polymers
      2. Surfactants
      3. Suspension/Suspended Solids
    2. Global Drag Reducing Agent Market, By Application, 2021 - 2031 (USD Million)
      1. Crude Oil
      2. Multi-phase Liquid
      3. Refined Products
      4. Heavy, Asphaltic Crude
      5. Water Transportation
    3. Global Drag Reducing Agent Market, By End Use, 2021 - 2031 (USD Million)
      1. Oil & Gas
      2. Chemicals & Petrochemicals
      3. Energy
      4. Agriculture
      5. Others (Marine, Shipbuilding)
    4. Global Drag Reducing Agent Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Baker Hughes
      2. Partow Ideh Pars
      3. LiquidPower Specialty Products Inc
      4. Oil Flux Americas
      5. Innospec Inc
  7. Analyst Views
  8. Future Outlook of the Market